Stocks
BSEC Chairman on a meeting with PM regarding Stock Market issues
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.
Dhaka Stock Market DSE, Bourse on the last working day of the week, 25th July, ended with a hike in Indices and Turnover from the previous working session. This information is known from DSE sources.
497 crore 34 lakh taka shares were traded on this day. 337 crore 97 lakh more tradings were done in DSE today compared to the previous workday, July 24th, Shares worth Tk 159 crores 37 lakh shares were traded last time, Wednesday.
The benchmark DSEX increased 62.81 points or 5,413 The Shariah-based index DSES added 13.81 points or 1,183 and the blue-chip index DS30 gained by 24.25 points or 1,932.
Of the issues traded, 286 advanced, 66 declined and 40 remained unchanged.
Techno Drugs Limited ranked top gainer on DSE, the share price increased by Tk 3.80 paisa or 9.87 percent. On this day, the share was last traded at Tk 42.30 paisa.
Rangpur Foundry Limited ranked top loser on the DSE, the share price dropped by Tk 5.40 paisa or 2.98 percent. On this day, the share was last traded at Tk 175.70 paisa.
DSE topped on trade is Square Pharmaceuticals PLC 35 crore 9 lakh takas of company shares have been traded.
A total of 28 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 82 lakh 94 thousand 29 shares of the companies were traded. The financial value of which is 21 crore 92 lakh taka
One of the listed companies, Eastland Insurance Company Limited discloses its financial reports for the second quarter, (April – June 24).
The company’s earnings per share (EPS) Tk 0.27 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 0.41 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. NAV per share was Tk. 20.85 as of June 30, 2024.
One of the listed companies, Shahjalal Islami Bank PLC discloses its financial reports for the second quarter, (April – June 24).
The company’s Consolidated earnings per share (EPS) Tk 1.50 paisa in Q2 of the current financial year (April – June 24). Consolidated EPS was Tk. 1.50 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. Consolidated NAV per share was Tk. 20.85 as of June 30, 2024.
