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Floor Price to be Unchanged: BSEC

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BSEC

No strategies have been taken to boost the floor price. For the past couple of days, a lot of debate and feedback on social media, which is unclear.

A huge drop in the market as a result of the rumor has created panic among investors. Therefore, the index was down at the start of trading on Monday, October 10. However, the regulatory body Bangladesh Securities and Exchange Commission (BSEC) is not thinking about boosting the floor price. BSEC Chairman Professor Shibli Rubayat-Ul Islam affirmed the matter to the news media.

As per the sources, all investors think about the safety of the investment. That commission is sure not to hurt the floor price at this point. So the commission is not thinking about raising the floor price at this point.

Before this, another round of demands was lifted regarding the raising of the floor price. By this, many people think that a company is trying to market to buy shares at a low price. However, the Commission did not raise the protection of investors. At that time, on August 11, the commission said through a post on its own Facebook that the floor price in shares to continue until further instructions.

According to the BSEC sources, the floor price was fixed on July 28 in consideration of the market situation. Which came into effect on July 31 and is still in force.

 

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Bearish Market Drag 300 Companies as Indices Decline

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dse index turnover bourse

Dhaka Stock Exchange DSE, Bourse on the last working day of the week, April 25th, ended with a massive drop in Indices and Turnover from the previous working session. This information is known from DSE sources.

511 crore 43 lakh taka shares were traded on this day. 91 crore 31 lakh less tradings were done in DSE today compared to the previous workday, 23rd April , Shares worth Tk 602 crores 74 lakh shares were traded last time, Wednesday.

The benchmark DSEX lost  60.48 points or 5,518 The Shariah-based index DSES dropped 12.29 points or 1,217, and the blue-chip index DS30 decreased by 10.17 points or 1,974.

Of the issues traded, 69 advanced, 300 declined and 27 remained unchanged.

ADN Telecom Limited ranked top gainer on DSE, the share price increased by Tk 9.60 paisa or 8.66 percent. On this day, the share was last traded at Tk 120.50 paisa.

Bata Shoe Company Bangladesh Limited ranked top loser on the DSE, the share price dropped by Tk 36.9 paisa or 3.77 percent. On this day, the share was last traded at Tk 941.00 paisa.

DSE topped on trade is Orion Infusion Limited 31 crore 69 lakh takas of company shares have been traded.

A total of 35 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 26 lakh 36 thousand 734 shares of the companies were traded. The financial value of which is 16 crore 61 lakh taka

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Bangladesh National Insurance Declares 20% Dividends

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Bangladesh National Insurance

One of the Listed companies, Bangladesh National Insurance Company Limited has recommended 20% Cash Dividend for the year ended December 31, 2023.

In terms of financial performance, The Company has also reported EPS  of Tk. 4.04 for the year ended December 31, 2023. The Company has also reported NAV per share of Tk 26.28 paisa for the year ended December 31, 2023.

The Annual General Meeting (AGM) of the company will be held on June 25, through the digital platform. The record date for this has been fixed at May 27.

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Bata Announce Their Dividends

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Bata Shoe

One of the Listed companies, Bata Shoe Limited has recommended 105% Final Cash Dividend (Total 435% Cash Dividend for the year ended December 31, 2023 inclusive of 330% Interim Cash Dividend, which has already been paid) for the year ended December 31, 2023

In terms of financial performance, The Company has also reported EPS  of Tk. 29.31 for the year ended December 31, 2023. The Company has also reported NAV per share of Tk 237.93 paisa for the year ended December 31, 2023.

The Annual General Meeting (AGM) of the company will be held on July 16, through the digital platform. The record date for this has been fixed at May 16.

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