Stocks
BSEC Staff Demand Non-Political Appointments and Market Reforms
Call for Merit-Based Appointments
The staff and employees of the Bangladesh Securities and Exchange Commission (BSEC) have urged that the commissioner’s position should be filled based on experience and seniority, not political considerations. This stance was voiced during a meeting of the BSEC Officers’ Welfare Association on Wednesday, August 7.
Leadership and Meeting Details
BSEC Executive Director Md Saifur Rahman, who also serves as the association’s president, chaired the meeting. The association resolved to adhere strictly to the capital market ordinance, law, and regulations, avoiding any actions beyond this scope.
Reformative Decisions
Nine key decisions aimed at capital market reform were made during the meeting:
- Eradication of Corruption: Establishing the rule of law within the capital market to eliminate corruption.
- Delegation of Power: Empowering officials in line with Article 17 of the Securities and Exchange Ordinance, 1969.
- Promotion of Staff: Facilitating rapid promotions for officials and employees.
- Restoration of Medical Facilities: Reinstituting medical benefits for staff.
- Disbursement of CSR Funds: Allocating corporate social responsibility funds for staff welfare.
- Promotion Through Examination
The association leaders agreed to promote officials and employees via an examination overseen by a committee that includes Executive Director Rezaul Karim.
Retrieving Commission Funds
A proposal will be presented to recover Tk45 crore held as a Time Deposit Receipt (TDR) at the Investment Corporation of Bangladesh (ICB).
Condolences and Recovery Wishes
The meeting concluded with a condolence proposal for those who lost their lives during the anti-discrimination student movement from July 1 to August 5. Wishes for a speedy recovery were extended to those injured during the movement and currently receiving treatment.
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.
