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Dhaka Bourses trades plunged over Tk 2k’cr

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Dhaka Bourses cost of all indices, fell in the outgoing week, which is from (23 October – 27 October) At the same time, the market capitalization and trade volume fell as well.

Dhaka Bourse Graph shows that shares and units worth Tk 3 thousand 583 crore 52 lakh 91 thousand 956 were traded last week where the previous week 5 thousand 801 crore 24 lakh 50 thousand 465 taka were traded, in comparison, the trade in Dhaka Bourses dropped by 2 thousand 217 crore 71 lakh 58 thousand 509 taka or 38.23pc.

With the trades, the market capital of the DSE also dived by 441 crore 85 lakh 51 thousand 11 taka. At the end of the week, the market capitalization stood at 7 lakh 69 thousand 465 crores 72 lakh 15 thousand 549 takas.

DSEX lost 14.30 points in the outgoing week. The index fell by 0.22pc in two of the five working days’ decline. At the end of the week, the index stood at 6,378 points.

DS30 fell by 11.84 points or 0.52pc in a week.

Shariah Index ‘DSES’ has dropped by 4.54 points or 0.32pc in five working days.

The PE ratio of the DSE also dropped in the week ended. At the beginning of the week, the PE ratio of the exchange stood at 14.73 points. At the end of the week, the PE ratio stood at 14.72 points. That is, the PE ratio of DSE has dropped by 0.01 point or 0.07pc in a week.

The previous week, 397 companies participated in share trading on DSE Of these, 229 shares were unchanged. On the other hand, the price of only 71 companies has risen and 84 companies have dropped.

 

 

 

 

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Index Values Experience Rollercoaster Ride Amidst Dull Turnover

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Dhaka Stock Exchange DSE, Bourse on the last working day of the week, March 28th, ended with a hike in Indices and drops in Turnover from the previous working session. This information is known from DSE sources.

411 crore 8 lakh taka shares were traded on this day. 127 crore 71 lahks taka less tradings were done in DSE today compared to the previous workday, 27th March, Shares worth Tk 538 crores 79 lakh shares were traded last time, Wednesday.

The benchmark DSEX added 15.64 points or 5,778 The Shariah-based index DSES gained 2.19 points or 1,254, and the blue-chip index DS30 decreased by 0.98 points or 2,011.

Of the issues traded, 221 advanced, 120 declined and 54 remained unchanged.

IPDC Finance Limited ranked top gainer on DSE, the share price increased by Tk 2.30 paisa or 9.79 percent. On this day, the share was last traded at Tk 25.80 paisa.

Mercantile Islami Insurance PLC ranked top loser on the DSE, the share price dropped by Tk 1.30 paisa or 3.90 percent. On this day, the share was last traded at Tk 31.70 paisa.

DSE topped on trade is Central Pharmaceuticals Limited 24 crore 48 lakh takas of company shares have been traded.

A total of 36 companies’ shares were traded in the Block on the Dhaka Stock Exchange, 37lakh 44 thousand 909 shares of the companies were traded. The financial value of which is 20 crore 48 lakh taka.

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Asian Markets Navigate Uncertainty Over Fed Rate Cuts

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Asian Markets

Asian investors proceeded cautiously on Thursday following remarks from a Federal Reserve official suggesting a potential delay or reduction in interest rate cuts. Meanwhile, the yen maintained its gains after briefly reaching a 34-year low the previous day.

As a recent market rally begins to lose steam, traders are reassessing the US monetary policy outlook. Above-forecast inflation and economic data have led some to question whether the central bank can adhere to its projection of three rate cuts this year.

Confidence has been further shaken by recent comments from Fed officials. Atlanta president Raphael Bostic reiterated his stance of expecting only one rate cut this year, warning against hasty actions that could disrupt the market. Governor Lisa Cook also urged caution among decision-makers.

The latest remarks came from Fed governor Christopher Waller, who suggested a reduction in the number of rate cuts or delaying them in response to recent data. Waller noted progress in reducing inflation but expressed concern over slowed or stalled progress in recent months.

His comments preceded the release of the personal consumption expenditures (PCE) index, expected to show a slight increase, on Friday. Despite concerns, all three main indexes on Wall Street saw gains, with the S&P 500 reaching another record high.

In Asia, markets were mixed, with Hong Kong, Shanghai, Sydney, and Wellington posting gains while Singapore, Seoul, Taipei, and Jakarta declined. Tokyo saw a decline of over one percent as the yen stabilized after hitting its weakest level since 1990 against the dollar.

A Bank of Japan official’s comments warning of continued accommodative monetary policy contributed to the yen’s slide. Speculation has arisen regarding potential intervention to support the currency, with Vice Finance Minister Masato Kanda expressing readiness to take necessary measures.

Market analysts anticipate heightened anticipation for Bank of Japan intervention, particularly in light of recent yen fluctuations. Concerns persist over potential market disruptions in the absence of intervention before the weekend.

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Asian Tiger Growth Fund releases Q2 Financials

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Asian Tiger Growth Fund

One of the listed funds, Asian Tiger Sandhani Life Growth Fund discloses its financial reports for the second quarter, (October– December 23).

The company’s earnings per unit (EPU) loss Tk 0.01 paisa in Q2 of the current financial year (October – December 23). EPU was loss Tk 0.17 paisa during the same period last year. NAV per unit at market price was Tk. 10.20 as on December 31, 2023 and cost price was Tk. 11.07 as on December 31, 2023.

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