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, Bourse on the last working day of the week, April 18th, ended with a drop in Indices and hike in Turnover from the previous working session. This information is known from DSE sources.
522 crore 51 lakh taka shares were traded on this day. 39 crore 97 lakh more tradings were done in DSE today compared to the previous workday, 17th April , Shares worth Tk 482 crores 53 lakh shares were traded last time, Wednesday.
The benchmark DSEX lost 77.08 points or 5,686 The Shariah-based index DSES dropped 15.85 points or 1,246, and the blue-chip index DS30 decreased by 22.77 points or 1,984.
Of the issues traded, 29 advanced, 342 declined and 24 remained unchanged.
Asiatic laboratories Limited ranked top gainer on DSE, the share price increased by Tk 4.60 paisa or 9.96 percent. On this day, the share was last traded at Tk 50.80 paisa.
Far East Finance & Investment Limited ranked top loser on the DSE, the share price dropped by Tk 0.30 paisa or 6.97 percent. On this day, the share was last traded at Tk 4.00 paisa.
DSE topped on trade is Asiatic Laboratories Limited 39 crore 22 lakh takas of company shares have been traded.
A total of 40 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 47 lakh 25 thousand 651 shares of the companies were traded. The financial value of which is 17 crore 46 lakh taka
One of the listed companies, Agni Systems limited discloses its financial reports for the third quarter, (January – March 24).
The company’s earnings per share (EPS) was Tk 0.32 paisa in Q3 of the current financial year (January – March 24). EPS was Tk 0.27 paisa during the same period last year. NAV per share was Tk. 16.37 as of March 31, 2024.
One of the Listed companies, Dutch Bangla Bank PLC has recommended 17.5% Cash Dividends & 17.5% Stock Dividends for the year ended December 31, 2023.
In terms of financial performance, The Company has further informed Consolidated EPS of Tk. 10.72 for the year ended December 31, 2023. The Company has also reported Consolidated NAV per share of Tk. 64.41 for the year ended December 31, 2023.
The Annual General Meeting (AGM) of the company will be taking place on June 09, through the digital platform. The record date for this has been fixed at May 9.
