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BSEC Chairman on a meeting with PM regarding Stock Market issues

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To increase the mobility in the stock market Prime Minister Sheikh Hasina has given directions on several issues. PM gave this instruction in a meeting with Bangladesh Securities and Exchange Commission (BSEC) Chairman Professor Shibli Rubayat-Ul-Islam on Sunday (January 15) at Ganabhaban.

The source is known from the meeting.

Shibli Rubayat-Ul-Islam briefed Prime Minister Sheikh Hasina about the capital market situation in the meeting today. During that time, he pointed the various steps taken for the development of the stock market. The prime minister gave necessary directions to develop the stock market in the same way as the country’s economy is developing.

In the meeting, it was discussed about the intervention of Bangladesh Bank was to keep investment in bonds out of stock market exposure, to keep the Investment Corporation of Bangladesh (ICB) depository fund out of the stock market exposure limit and to keep 1 percent common (provisioning) against loans to stock market-related institutions.

However, the Prime Minister directed to take urgent measures regarding the policy changes or steps that need to be taken in the progress of the stock market.

From the sources, with the intervention of Bangladesh Bank, an initiative has been taken to amend the Bank Company Act to keep investment in bonds out of stock market exposure. According to reliable sources, this law will be passed in the next cabinet meeting. And the prime minister as of now seriously looked at the fact that it should be passed quickly.

Meanwhile, an initiative has been taken to keep ICB Depository Fund outside the ambit of stock market exposure limit. This initiative has been taken with the aim of increasing the purchasing power of ICB and making the stock market progressive. If this initiative is implemented, ICB will regain the ability to invest about 6 thousand crores in the stock market. And the Prime Minister has given directions for the speedy implementation of this matter. ICB will prepare a proposal through a board meeting and send it to Bangladesh Bank. Later, the head of government said that Bangladesh Bank will take necessary steps to pass this matter quickly.

Hence, Bangladesh Bank DGM Md Aminur Rahman Chowdhury has been plotting for 12 years with the aim of obstructing the progress of the stock market and destroying the image of the government. He has tried to destroy the stock market in various ways during his tenure in Bangladesh Bank’s Department of Off-Site Supervision. This has been brought to the notice of the Chief Minister. The Prime Minister directed to take urgent measures regarding the policy changes or steps that need to be taken in the progress of the stock market. And the Prime Minister said that she will give directions to assist the concerned departments in the quick implementation of these steps, which she herself will supervise.

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DSE Break Thru 3-Days Losing Streak Despite Sluggish Turnover

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Bourse dse turnover indices stock market

Dhaka Stock Exchange DSE, Bourse on the fourth working day of the week, 12th June, ended with a hike in Indices and drop Turnover from the previous working session. This information is known from DSE sources.

350 crore 79 lakh taka shares were traded on this day. 80 crore 84 lakh less tradings were done in DSE today compared to the previous workday, June 11th, Shares worth Tk 431 crores 64 lakh shares were traded last time, Tuesday

The benchmark DSEX increased 13.17 points or 5,083 The Shariah-based index DSES added 7.13 points or 1,100, and the blue-chip index DS30 gained by 9.12 points or 1,812.

Of the issues traded, 161 advanced, 168 declined and 66 remained unchanged.

Samata Leather Complex Limited ranked top gainer on DSE, the share price increased by Tk 4.40 paisa or 9.98 percent. On this day, the share was last traded at Tk 48.50 paisa.

Delta Life Insurance Company Limited ranked top loser on the DSE, the share price dropped by Tk 2.90 paisa or 3.68 percent. On this day, the share was last traded at Tk 75.80 paisa.

DSE topped on trade is Unilever Consumer Care (Bangladesh) Limited 17 crore 87 lakh takas of company shares have been traded.

A total of 45 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 80 lakh 76 thousand 693 shares of the companies were traded. The financial value of which is 50 crore 38 lakh taka

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Popular Life Insurance announce their Dividends

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One of the Listed companies, Popular Life Insurance Limited has recommended 37% Cash Dividend for the year ended December 31, 2023.

In terms of financial performance, The Company has also reported Consolidated EPS  of Tk. 3.70 for the year ended December 31, 2023. NAV per share of Tk. 91.20.

The Annual General Meeting (AGM) of the company will be held on September 24, through the digital platform. The record date for this has been fixed at July 25.

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Indices on 3-Day Losing Streak

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Dhaka Stock Exchange DSE, Bourse on the third working day of the week, 11th June, ended with a drop in Indices and hike Turnover from the previous working session. This information is known from DSE sources.

431 crore 64 lakh taka shares were traded on this day. 112 crore 86 lakh more tradings were done in DSE today compared to the previous workday, June 10th, Shares worth Tk 318 crores 78 lakh shares were traded last time, Monday

The benchmark DSEX decreased 35.87 points or 5,070 The Shariah-based index DSES lost 9.87 points or 1,093, and the blue-chip index DS30 lost by 8.72 points or 1,803.

Of the issues traded, 51 advanced, 308 declined and 35 remained unchanged.

Sunlife Insurance Company Limited ranked top gainer on DSE, the share price increased by Tk 4.00 paisa or 7.52 percent. On this day, the share was last traded at Tk 57.20 paisa.

Eastland Insurance Company Limited ranked top loser on the DSE, the share price dropped by Tk 0.60 paisa or 3.00 percent. On this day, the share was last traded at Tk 19.40 paisa.

DSE topped on trade is Beacon Pharmaceuticals Limited 72 crore 35 lakh takas of company shares have been traded.

A total of 46 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 43 lakh 57 thousand 887 shares of the companies were traded. The financial value of which is 31 crore 81 lakh taka

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