4 DSE officials suspended over wrong data infos.
DSE: Dhaka Stock Exchange has ousted out 4 officials of its market operations department due to their alleged involvement in misleading stock investors by publishing wrong corporate earnings information on the DSE website.
The decision came at a time when listed companies were publishing their October-December quarter’s financial reports to let investors know their stock updates.
The officials whom the capital bourse dismissed also include Mohammad Roni Islam, who was serving the bourse as head of market operations.
The 3 remaining suspended officials were Kamruzzaman, Humayun Kabir, and Rakibur Rahman— all from the same department.
M Shafiqur Rahman, deputy general manager of the Dhaka Stock Exchange (DSE), affirmed the matter.
Several other DSE sources having knowledge of the matter said the punished officials had been collaborating with market manipulators, and as part of that move, they had distorted price-sensitive information of few companies.
Sensing the manipulation, the authorities of the prime bourse hurriedly corrected the corrected information which was distorted previously.
As per securities rules, all listed companies must publish their quarterly as well as annual financial reports through stock exchanges to let investors know about their business performance.
Eastern Cables Ltd and Beach Hatchery Limited were among the few companies of which price-sensitive information had been distorted, according to DSE sources.
Phoenix Insurance discloses its Dividends
One of the Listed Companies, Phoenix Insurance Company Limited has recommended 15 percent cash Dividend to its investors for the Financial Year ending December 31, 2022.
This source is known from DSE.
The Company has reported EPS of Tk 2.02 paisa, NAV per share of Tk 37.10 for the year ended December 31, 2022, as against EPS of Tk 2.20 paisa.
The Annual General Meeting (AGM) of the company will be held on May 31 through the digital platform. The record date for this has been fixed at April 17.
Central Insurance Declares its Dividends
One of the Listed Companies, Central Insurance Company Limited has recommended 15 percent cash Dividend to its investors for the Financial Year ending December 31, 2022.
This source is known from DSE.
The Company has reported EPS of Tk 2.03 paisa, NAV per share of Tk 49.48 for the year ended December 31, 2022, as against EPS of Tk 2.41 paisa.
The Annual General Meeting (AGM) of the company will be held on May 28 through the digital platform. The record date for this has been fixed at April 16.
Bourse collapse on 2nd workday of the Week
Dhaka Stock Exchange DSE, Bourses on the second working day of the week, March 20, ended with price index & turnover drops.
This information is known from DSE sources.
344 crores 66 lakh shares were traded in DSE on this day. 107 crores 62 lakhs less trading was done in DSE today compared to the previous workday, 19 March, Shares worth Tk 452 crores 29 lakh shares were traded in DSE last time, Sunday.
The benchmark index DSEX dropped 3.15 points or 6,204. The Shariah-based index DSES lost 2.95 points or 1,349, and the blue-chip index DS30 shed 1.96 points or 2,215.
Of the issues traded, 51 advanced, 35 declined, and 234 remained unchanged.
Chartered Life Insurance Company Limited ranked top gainer on DSE, the share price increased by Tk 1.9 paisa or 3.12 percent. On this day, the share was last traded at Tk 62.80 paisa.
On the other hand, AL-Haj Textile Mills Ltd ranked top loser on the DSE, the share price dropped by Tk 19.6 paisa or 10.00 percent. On this day, the share was last traded at Tk 176.40 paisa.
DSE topped on trade Sea Pearl Beach Resort & Spa Limited 14 crores 96 lakh 47 thousand takas of shares of the company have been traded.
A total of 43 companies’ shares were traded in the Block on Dhaka Stock Exchange, 1 crore 8 lakh 2 thousand 642 shares of the companies were traded. The financial value of which is 108 crore 33 lakh taka.
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