Stocks
Shibli Rubayat-Ul Islam Set for BSEC Chair Reappointment
Shibli Rubayat-Ul Islam is poised to continue his role as the chairman of the Bangladesh Securities and Exchange Commission (BSEC) for another four-year term.
The finance ministry has already recommended his reappointment, which received approval from Prime Minister Sheikh Hasina last week, as per ministry insiders. A circular formalizing the reappointment will be issued shortly.
According to the Financial Institutions Division’s recommendation to the prime minister, Professor Shibli Rubayat-Ul Islam meets the age limit requirement of 65 years to serve another term as the capital market regulator. He will only be 56 years old on May 16, marking the end of his initial term as BSEC chairman.
The Bangladesh Securities and Exchange Commission Act 1993 permits the reappointment of the BSEC chairman and commissioners for two consecutive four-year terms. However, they cannot continue in their contractual positions beyond the age limit of 65 years.
In May 2020, Shibli was appointed to lead the commission. Prior to this, the banking and insurance professor served as the Dean of the Faculty of Business Studies at the University of Dhaka. He also held the position of chairman at Sadharan Bima Corporation, the state-owned non-life insurer and reinsurer.
After serving as the vice-chair of the Asia Pacific Regional Committee of the International Organization of Securities Commissions from 2022-24, Shibli has been re-elected to represent Bangladesh for the 2024-26 term. This reaffirms his role in the regional committee of the organization comprising the world’s securities regulators.
Dhaka Stock Market DSE, Bourse on the last working day of the week, 25th July, ended with a hike in Indices and Turnover from the previous working session. This information is known from DSE sources.
497 crore 34 lakh taka shares were traded on this day. 337 crore 97 lakh more tradings were done in DSE today compared to the previous workday, July 24th, Shares worth Tk 159 crores 37 lakh shares were traded last time, Wednesday.
The benchmark DSEX increased 62.81 points or 5,413 The Shariah-based index DSES added 13.81 points or 1,183 and the blue-chip index DS30 gained by 24.25 points or 1,932.
Of the issues traded, 286 advanced, 66 declined and 40 remained unchanged.
Techno Drugs Limited ranked top gainer on DSE, the share price increased by Tk 3.80 paisa or 9.87 percent. On this day, the share was last traded at Tk 42.30 paisa.
Rangpur Foundry Limited ranked top loser on the DSE, the share price dropped by Tk 5.40 paisa or 2.98 percent. On this day, the share was last traded at Tk 175.70 paisa.
DSE topped on trade is Square Pharmaceuticals PLC 35 crore 9 lakh takas of company shares have been traded.
A total of 28 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 82 lakh 94 thousand 29 shares of the companies were traded. The financial value of which is 21 crore 92 lakh taka
One of the listed companies, Eastland Insurance Company Limited discloses its financial reports for the second quarter, (April – June 24).
The company’s earnings per share (EPS) Tk 0.27 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 0.41 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. NAV per share was Tk. 20.85 as of June 30, 2024.
One of the listed companies, Shahjalal Islami Bank PLC discloses its financial reports for the second quarter, (April – June 24).
The company’s Consolidated earnings per share (EPS) Tk 1.50 paisa in Q2 of the current financial year (April – June 24). Consolidated EPS was Tk. 1.50 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. Consolidated NAV per share was Tk. 20.85 as of June 30, 2024.
