Stocks
BSEC’s appeal adjourned regarding SME’s issues
The Appellate Division upheld the previous order by suspending the appeal made by BSEC on the issue of Tk 20 lakhs, as a result, investors can invest only 20 lakh takas in the case of trading in the DSE-SME (Small & Medium Enterprises) market. At the same time, the High Court has been directed to dispose of the writ in the next two months so that ordinary investors can transact in the SME as well as in Dhaka Stock Exchange.
The Appellate Division gave this order on Monday (January 16). This information is known from the related sources.
Prior, on November 13, a resident of Dilkusha in Dhaka, Advocate Md. Mustafa Kamal of the Supreme Court, A writ (Writ No: 13749) was filed on behalf of Raju Hasan. Business News Portal published the news from Orthosongbad that headlined ‘Falling prices in SMEs, investors fear loss of capital’ and attached as a source in the writ petition.
After filing a writ petition, the High Court asked the capital market regulatory body Bangladesh Securities and Exchange Commission (BSEC) to know the reasons for the investment limit in the SME market. On November 16, the High Court suspended the condition of investing 30 lakh takas in SMEs for three months. BSEC appealed to the High Court against the order of the High Court. However, the Appellate Division stayed the company’s appeal.
Bangladesh Securities and Exchange Commission, the stock market regulatory body, canceled the OTC market of two stock exchanges (DSE and CSE) on September 16 last year. On that day, the commission decided to delist 29 companies and transfer 41 companies to SMEs and ATB (Alternative Trading Board). Later, on September 30 of the same year, trading started on the SME platform of the Dhaka Stock Exchange. On that day, transactions were initially launched on DSE’s SME platform with six companies. Currently, there are 15 companies listed in SME. Out of this, the shares of 13 companies are being traded regularly.
The investment amount for the latest SME platform investment was determined on September 22 this year. In an order signed by BSEC Chairman Professor Shibli Rubayat-Ul-Islam, it is said that to be an eligible investor in the SME transaction, there should be a minimum investment of 30 lakh takas in the stock market. However, as the Appellate Division suspended the BSEC’s appeal, the investors will be able to trade in the SME market with an investment of Tk 20 lakh. And whether ordinary investors can transact in SMEs like the DSE, it will be known only after the order of the High Court.
Dhaka Stock Exchange DSE, Bourses on the fifth working day of the week, June 1, ended with price index hikes & turnover drops.
This information is known from DSE sources.
997 crores 83 lakh shares were traded on this day. 222 crore 63 lakhs more trading was done in DSE today compared to the previous workday, 30 May, Shares worth Tk 1 thousand 198 crore 65 lakh shares were traded last time, Wednesday.
The benchmark index DSEX gained 15.81 points or 6,355. The Shariah-based index DSES added 2.57 points or 1,379, and the blue-chip index DS30 increased 3.30 points or 2,201.
Of the issues traded, 105 advanced, 71 declined, and 188 remained unchanged.
Meghna Life Insurance Co. Limited ranked top gainer on DSE, the share price increased by Tk 8.5 paisa or 9.96 percent. On this day, the share was last traded at Tk 93.80 paisa
Jute Spinners Ltd ranked top loser on the DSE, the share price dropped by Tk 36.3 paisa or 8.73 percent. On this day, the share was last traded at Tk 379.50 paisa.
DSE topped on trade Gemini Sea Food Ltd 50 crore 16 lakh takas of shares of the company have been traded.
A total of 80 companies shares were traded in the Block on Dhaka Stock Exchange, 76 lakh 30 thousand 368 shares of the companies were traded. The financial value of which is 60 crore 81 lakh taka.
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One of the Listed Companies, Berger Paints Bangladesh Limited has recommended 400% Cash Dividend to its investors for the Financial Year ending March 31, 2023.
This source is known from DSE.
The Company has reported Consolidated EPS of Tk 64.91 paisa, and Consolidasted NAV per share of Tk. 279.78, as against EPS of Tk 62.68 paisa last year.
The Annual General Meeting (AGM) of the company will be held on August 22 through the digital platform. The record date for this has been fixed at June 26.
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Dhaka Stock Exchange DSE, Bourses on the fourth working day of the week, May 31, ended with price index mixed & turnover hikes.
This information is known from DSE sources.
1 thousand 198 crores 65 lakh shares were traded on this day. 222 crore 63 lakhs more trading was done in DSE today compared to the previous workday, 30 May, Shares worth Tk 1 thousand 976 crore 1 lakh shares were traded last time, Tuesday.
The benchmark index DSEX lost 13.04 points or 6,339. The Shariah-based index DSES added 5.93 points or 1,376, and the blue-chip index DS30 dropped 4.67 points or 2,198.
Of the issues traded, 64 advanced, 115 declined, and 182 remained unchanged.
Agni Systems Limited ranked top gainer on DSE, the share price increased by Tk 2.7 paisa or 10.00 percent. On this day, the share was last traded at Tk 29.70 paisa
Eastern Insurance Company Ltd ranked top loser on the DSE, the share price dropped by Tk 5.6 paisa or 9.03 percent. On this day, the share was last traded at Tk 56.40 paisa.
DSE topped on trade Bashundhara Paper Mills Ltd 50 crore 54 lakh takas of shares of the company have been traded.
A total of 78 companies shares were traded in the Block on Dhaka Stock Exchange, 74 lakh 43 thousand 518 shares of the companies were traded. The financial value of which is 48 crore 91 lakh taka.
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