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 As per the court’s order, no funds can be withdrawn from these accounts while the freeze is in place.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 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.
