Stocks
“We need to campaign to widen the bond market and more accessible to all”
President of Federation of Bangladesh Chamber of Commerce and Industry, FBCCI, MD. Jasim Uddin said Banks collect short-term deposits, so they cannot make long-term loans, the apex organization of traders commented that customers are defaulting despite their reluctance.
He further added the issues in a program called ‘Bond Market: The Ultimate Long Term Solution’ at FBCCI’s head office on Tuesday, October 11. Prime Minister’s Adviser on Private Industries and Investments Salman F. Rahman and Bangladesh Securities and Exchange Commission (BSEC) Chairman Prof. Shibli Rubayat-Ul-Islam are present as chief guests on the occasion.
On the occasion, FBCCI president told that banks do not have the potential to provide long-term loans. As a result, defaults are hiking. The world has a 127 trillion bond market. hence, neighboring country India’s corporate bonds account for 16pc of the GDP. Its GDP in Bangladesh is 8pc.
FBCCI President further said, to become a developing country, our export market should reach USD300 billion. That’s why we have no choice but to make our industry bigger. If we have to transform into a developing country, we need to develop these industries. In that case, this top leader advised the businessmen to give importance to the bond market.
“We need to campaign to make the bond market bigger and more accessible to all,” he said. If the bond market is big, we will be able to invest on easy terms.
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
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.
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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