BMBA: If taxation difference increase, good firms likely to come to capital market
BMBA: Bangladesh Merchant Bankers Association President Shahedur Rahman said that good firms will likely come to the stock market if the tax rate of the listed and non-list companies increases.
He briefed this at an exchange meeting on Tuesday (December 13) in the Dhaka city hotel. The BMBA and the Capital Market Journalist Forum (CMJF) jointly organized the meeting.
“We have policy problems in our capital market,” said the BMBA President. The amount of tax rates of listed and non-list companies is much lower. There are many reasons for not listed in a company. A company is listed a lot when enrolling, there is no such thing as important to them. If this difference increases, good companies will be interested in investing in the market.
He said investors were investing as seeing among which company had given good dividends before. Now it doesn’t. This kind of attitude will not be possible to mobilize the market.
President Shahedur Rahman said journalists played a role in policy-making in the stock market. “We have proposed to solve the problem of the market,” he said. You (journalists) wrote. Later the government solved the problem.
Regarding the rumors in the market, he said, there are many propaganda in our market. As the Prime Minister has said that investors have assumed that the famine of 2021 has begun. He said that there are rice, pulses in the village, there is no opportunity for famine in Bangladesh.
Former CMJF President Touhidul Islam Mintu said the capital market was artificially collapsed due to margin loan and force cell. Investors are getting helpless due to margin loans. We have to get out of this system.
Members of the BMBA and the Capital Market Journalist Forum were present on the occasion chaired by CMJF President Ziaur Rahman and general secretary Abu Ali.
Index on Negative, Turnover shows slight Gain on DSE
Dhaka Stock Exchange DSE, Bourses on the first working day of the week, March 27, ended with price index drops & turnover hikes.
This information is known from DSE sources.
317 crores 60 lakh shares were traded in DSE on this day. 30 crores 62 lakhs more trading was done in DSE today compared to the previous workday, 23 March, Shares worth Tk 286 crores 97 lakh shares were traded in DSE last time, Thursday.
The benchmark index DSEX dropped 11.38 points or 6,203. The Shariah-based index DSES shed 3.56 points or 1,349, and the blue-chip index DS30 lost 2.60 points or 2,215.
Of the issues traded, 28 advanced, 72 declined, and 183 remained unchanged.
Legacy Footwear Limited ranked top gainer on DSE, the share price increased by Tk 5.6 paisa or 9.96 percent. On this day, the share was last traded at Tk 61.80 paisa.
On the other hand, Islamui Commercial Insurance Company Ltd ranked top loser on the DSE, the share price dropped by Tk 1.3 paisa or 4.71 percent. On this day, the share was last traded at Tk 26.30 paisa.
DSE topped on trade Unique Hotel & Resorts PLC 41 crores 52 lakh 86 thousand takas of shares of the company have been traded.
A total of 52 companies’ shares were traded in the Block on Dhaka Stock Exchange, 25 lakh 74 thousand 877 shares of the companies were traded. The financial value of which is 18 crore 76 lakh taka.
Salvo Chemical discloses Q2 Financials
One of the listed companies, Salvo Chemical Industry Limited, discloses its financial reports for the second quarter, (October-December 22). This source is known from DSE.
The company’s earnings per share (EPS) was Tk 0.37 paisa in Q2 of the current financial year. EPS was Tk 0.80 paisa during the same period last year. As of December 31, 2022, net asset value (NAVPS) was loss of Tk 15.42 paisa.
The company reported EPS has been decreased due to increase in costs because of high raw material price in local and import prices, currency devaluation and increase in energy price which adversely affected overall profitability of the Company.
Prime Islami Life Insurance releases its Dividends
One of the Listed Companies, Prime Islami Life Insurance Limited has recommended 2 percent cash Dividend to its investors for the Financial Year ending December 31, 2022.
This source is known from DSE.
The Annual General Meeting (AGM) of the company will be held on May 29 through the digital platform. The record date for this has been fixed at April 17.
- Index on Negative, Turnover shows slight Gain on DSE
- Salvo Chemical discloses Q2 Financials
- Prime Islami Life Insurance releases its Dividends
- Midland Bank briefs on Q3 Financials
- United Finance declares its Dividends
- UN says: Extraordinary economic dev among BD’s many achievements
- Things that need to do to get the full physical benefits of fasting in Ramadan: says Experts
- PM Sheikh Hasina, President pays homage to Liberation War Martyrs
- Bangladesh Observed Independence Day Today
- South Asian Bourse Shrinks
- Weekly Bourse Collapse
- Turnover Shrinks, Slight Hikes on Index
- PM Sheikh Hasina Delivers Independence Award
- Despite Banking turmoil in US, Interest rates Hikes
- Dhaka’s air quality ‘unhealthy’ today reports AQI