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DBA to Seize Expanded Opportunities for Market Development: BSEC Chief

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The DSE Brokers Association of Bangladesh (DBA) will have greater opportunities to enhance the market following the commencement of operations at their new office in the DSE Tower. This statement was made by Professor Shibli Rubayat-Ul-Islam, Chairman of the Bangladesh Securities and Exchange Commission (BSEC).

On Wednesday, June 5, at the inauguration ceremony of the DBA’s new office located in the DSE Tower in Nikunja, Dhaka, Professor Rubayat-Ul-Islam emphasized the expanded scope for market development that the new premises will provide.

Highlighting the strong leadership and significant role of the DBA in the stock market, the BSEC Chairman remarked that the DBA is a well-established and powerful organization led by skilled and competent stock brokers. He underscored the indispensable role the DBA plays in the capital market. He further noted that the new office, equipped with all modern amenities, will enable the DBA to undertake broader initiatives for market improvement.

During his speech, Professor Rubayat-Ul-Islam also outlined various government measures aimed at market development. He called on all stakeholders to work positively from their respective positions to foster growth. The BSEC Chairman assured continued support from his commission for any development activities undertaken by the DBA and wished the association further progress and success.

At the inauguration of the new office of the DSE Brokers Association of Bangladesh (DBA), President Saiful Islam pointed out that while the economy has seen significant growth over the past 15 years, the capital market has not progressed at the same pace. Speaking at the event held at the DSE Tower in Nikunja, Dhaka, he expressed optimism about receiving substantial support from the BSEC Chairman, who has been appointed for a second term.

“We are hopeful of receiving maximum cooperation from the Chairman for market development,” stated Saiful Islam. He assured collaborative efforts involving the government, regulatory bodies, and market intermediaries to ensure overall progress in the capital market. He also extended his gratitude to all the guests attending the ceremony.

The new office address of the DBA is: DSE Tower, Level-6, Room No. 89, House-46, Road-21, Nikunja-2, Dhaka-1229.

The event was graced by several notable figures including BSEC Commissioners Dr. Sheikh Shamsuddin Ahmed and Md. Mohsin Chowdhury, CMSF Chairman Md. Nojibur Rahman, Dhaka Stock Exchange Chairman Professor Dr. Hafiz Md. Hasan Babu, along with DSE directors, DBA members, DSE trade holders, and other prominent personalities from the capital market.

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Indices Negative Amidst Turnover Hikes

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dse bourse indices turnover dhak stock exchange stock market

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

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National Polymer Announce Their Dividends & Q2 Financials

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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.

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Beacon Pharma Declares Their Dividends

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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.

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