Stocks
BSEC Freezes All Stock Accounts of Former IGP Benazir Ahmed & Family
The Bangladesh Securities and Exchange Commission (BSEC) has directed the freezing of all stock market accounts belonging to former Inspector General of Police (IGP) Benazir Ahmed, his wife Jishan Mirza, and their younger daughter Tahsin Raisha Binte Benazir.
On Monday, May 27, BSEC instructed the Central Depository Bangladesh Limited (CDBL) to freeze all beneficiary owner (BO) accounts held by them. This order prohibits any deposits or withdrawals from these accounts while the freeze is in effect.
Additionally, BSEC sent related directives to CDBL and the Anti-Corruption Commission (ACC) on the same day. The family collectively holds six BO accounts in the stock market.
Benazir Ahmed’s accounts are with IFIC Securities Limited and Dragon Securities Limited. His wife, Jishan Mirza, has accounts with Southeast Bank Capital Services Limited and EBL Securities Limited. Their elder daughter, Farhin Rishta Binte Benazir, holds an account with EBL Securities Limited, while their younger daughter, Tahsin Raisha Binte Benazir, has an account with Dynasty Securities Limited.
The BSEC’s directive stated that in accordance with an order from the Senior Special Judge’s Court, six BO accounts across five brokerage houses are to be frozen until further notice. As per the court’s order, no funds can be withdrawn from these accounts while the freeze is in place.
Previously, on May 23, the court ordered the confiscation of assets belonging to the former police officer. This order was issued by Dhaka Metropolitan Sessions Judge Mohammad As-Sams Jaglul Hossain following the submission of 83 documents by the ACC.
On the following day, the court ordered the seizure of 119 movable and immovable assets, including four apartments in Gulshan, owned by Benazir Ahmed and his family.
Meanwhile, the ACC continues to investigate Benazir Ahmed’s assets. The ACC lawyer stated that more properties might be seized as further evidence is uncovered.
ACC lawyer Khurshid Alam mentioned that if additional assets are found, the ACC will seek court approval for their confiscation. So far, 35 bank accounts linked to the former police chief have been frozen.
Dhaka Stock Market DSE, Bourse on the second working day of the week, 30th September, ended with a negative performance in Indices and a hike in Turnover from the previous working session. This information is known from DSE sources.
503 crore 90 lakh taka shares were traded on this day. 22 crore 58 lakh more tradings were done in DSE today compared to the previous workday, 29th September, Shares worth Tk 481 crores 31 lakh shares were traded last time, Sunday.
The benchmark DSEX lost 33.61 points or 5,624 The Shariah-based index DSES dropped 7.36 point or 1,263 and the blue-chip index DS30 decreased by 9.57 points or 2,053.
Of the issues traded, 72 advanced, 299 declined and 25 remained unchanged.
Shahjibazar Power Company Limited ranked top gainer on DSE, the share price increased by Tk 4.00 paisa or 9.76 percent. On this day, the share was last traded at Tk 45.00 paisa.
Dhaka Electric Supply Company Limited ranked top loser on the DSE, the share price dropped by Tk 1.80 paisa or 7.56 percent. On this day, the share was last traded at Tk 22.00 paisa.
DSE topped on trade is Pragati Life Insurance Limited 25 crore 35 lakh takas of company shares have been traded.
A total of 27 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 50 lakh 42 thousand 956 shares of the companies were traded. The financial value of which is 65 crore 60 lakh taka
One of the Listed companies, National Polymer Limited has recommended 10.50% Cash Dividend for the year ended June 30, 2024.
It has reported Consolidated EPS of Tk 2.27 paisa, and Consolidated NAV per share of Tk 30.63 for the year ended March 31, 2024.
The Annual General Meeting (AGM) of the company will be held on December 18, through the digital platform. The record date for this has been fixed at October 22.
The Company also discloses its financial reports for the second quarter, (April – June 24).
As per the company’s consolidated life revenue account for April to June 2024, the excess of total income over total expenses, including claims (surplus), stood at Tk 1,394.24 million. This marks a significant increase from the surplus of Tk 823.68 million during the same period in 2023.
For the first half of 2024, from January to June, the company reported a surplus of Tk 2,177.57 million, compared to Tk 1,290.39 million in the corresponding period of the previous year.
Additionally, the Life Insurance Fund balance as of June 30, 2024, reached Tk 55,188.62 million, showing a net increase of Tk 5,892.25 million from Tk 49,296.37 million on June 30, 2023.
One of the Listed companies, Beacon Pharmaceuticals PLC has recommended 20% Cash dividend and 10% Cash Dividend to Sponsor Shareholder and Directors for the year ended June 30, 2024.
It has reported EPS of Tk 2.26 paisa, and NAV per share of Tk. 26.37 for the year ended June 30, 2024.
The Annual General Meeting (AGM) of the company will be held on December 23, through the digital platform. The record date for this has been fixed at October 27.
