Stocks
Bangladesh Finance Capital Appoints New MD & CEO
Bangladesh Finance Capital Appoints Sumit Poddar as New Managing Director and CEO
On Tuesday morning (2 May 2023), Bangladesh Finance Capital, a subsidiary of Bangladesh Finance, announced in a press release that Sumit Poddar has joined as its new Managing Director and CEO. He was granted clearance by the Bangladesh Securities and Exchange Commission prior to assuming his new position.
Sumit Poddar, the newly appointed Managing Director and Chief Executive Officer of Bangladesh Finance Capital, has an impressive 13-year career in the finance industry. He previously led the structured finance department at Bangladesh Finance and was also the head of corporate advisory at City Bank Capital Limited. Prior to joining Bangladesh Finance Capital, he has worked with other notable organizations such as River Stone Capital Limited, Alliance Financial Services Limited, and Alliance Securities and Management Limited.
Sumit Poddar expressed his pride in becoming the Managing Director and CEO of Bangladesh Finance Capital and stated that he is committed to contributing to the organization’s continued success. With over 13 years of experience in the financial sector, he is a skilled professional with a strong background in providing advisory services to clients on a range of financial transactions, such as mergers and acquisitions, portfolio management, fundraising through initial public offerings (IPOs), financing, and restructuring.
Sumit Poddar has advised clients in various sectors, including technology, telecom, banking, power, real estate, manufacturing, and consumer goods, to achieve their financial goals.
Dhaka Stock Exchange DSE, Bourse on the third working day of the week, November 28, ended with price Index & turnover drops. This information is known from DSE sources.
297 crore 20 lakh shares were traded on this day. 179 crore 14 lakh less trading was done in DSE today compared to the previous workday, 27 November, Shares worth Tk 369 crores 96 lakh shares were traded last time, Monday. From the DSE website, the lowest trade was done on 17 August, which was around 299 crore taka, which means after 70 working days the stock market hit its lowest today.
The benchmark DSEX lost 6.62 points or 6,202 The Shariah-based index DSES dropped 0.72 points or 1,346, and the blue-chip index DS30 decreased by 1.98 points or 2,099.
Of the issues traded, 17 advanced, 134 declined and 139 remained unchanged.
Ambee Pharmaceuticals PLC ranked top gainer on DSE, the share price increased by Tk 53.60 paisa or 6.83 percent. On this day, the share was last traded at Tk 838.40 paisa.
Bd. Thai Aluminium Limited ranked top loser on the DSE, the share price dropped by Tk 1.40 paisa or 7.73 percent. On this day, the share was last traded at Tk 16.70 paisa.
DSE topped on trade is Central Pharmaceuticals Limited 15 crore 96 lakh takas of shares of the company have been traded.
A total of 52 companies’ shares were traded in the Block on the Dhaka Stock Exchange, 60 lakh 14 thousand 277 shares of the companies were traded. The financial value of which is 29 crore 84 lakh taka.
One of the Listed companies, Ring Shine Textiles Limited has recommended no Dividend for the year ended June 30, 2023.
In terms of financial performance, The Company has further informed EPS loss of Tk. 2.53 for the year ended June 30, 2023. The Company has also reported NAV per share loss of Tk. 4.97 paisa.
The Annual General Meeting (AGM) of the company will be taking place on January 20, through the digital platform. The record date for this has been fixed at December 17.
One of the listed companies, Bd. Thai Aluminium Limited discloses its financial reports for the first quarter, (July-September 23).
The company’s diluted earnings per share (EPS) loss of Tk 0.19 paisa in Q1 of the current financial year (July-September 23). EPS loss of Tk 0.12 paisa during the same period last year. NAV per share was of Tk. 27.66 paisa as of September 30, 2023.
