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 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.
