Stocks
Shakib Al Hasan not found involved in Stock Manipulation: BSEC
Bangladesh Securities and Exchange Commission (BSEC) has fined several investors and institutions for their involvement in share manipulation.
However, BSEC affirmed, that the stock market has found evidence that the world’s best all-rounder Shakib Al Hasan, the goodwill ambassador of the capital market and investment education program, is not involved in this manipulation.
According to sources, the name of Shakib Al Hasan and his organization came in the report of the investigation committee formed to find those involved in the manipulation of several companies. However, Shakib and his company have been cleared of involvement in share manipulation.
According to the commission, many people are put on the suspect list for gathering information during the investigation process. But not all of them will be involved in manipulation. By multiple checks, those actually involved in share manipulation. They have been identified and fined. And the investigation has proved that some people including Shakib Al Hasan are not involved in share manipulation.
BSEC Executive Director and Spokesperson Mohammad Rezaul Karim told that a preliminary list was prepared of those who bought a certain amount of shares. Shakib Al Hasan’s name was there. But according to this preliminary list, when the investigation was conducted, Shakib Al Hasan’s involvement in the share manipulation was not found, so he was exonerated.
In response to a question, the spokesperson of BSEC said that Shakib Al Hasan is the goodwill ambassador of BSEC. Many media have presented news involving Shakib Al Hasan to gain readers. However, his involvement in share manipulation was not found in the investigation.
Meanwhile, Shakib’s family and the Bangladesh Cricket Board (BCB) are also embarrassed by the news of his involvement in the rigging. On Tuesday, September 13, Nazmul Hasan Papon addressed the media regarding the tri-series and T20 World Cup team plans in Mirpur. BCB boss was ‘shocked’ after hearing questions about Shakib’s involvement in share manipulation. He said, ‘What do you say! I do not know about this. Since it is not with cricket, now what do I do? I don’t know about this. If it was with cricket then there was talk.
It should be noted that BSEC nominated the world’s best all-rounder Shakib Al Hasan as a brand ambassador in September 2017 to enhance the image of the country’s capital market and inspire investors. The International Organization of Securities Commission (IOSCO) has requested to take famous politicians, professionals, sportspersons or celebrities of the country as goodwill ambassadors.
As part of this, the commission took Shakib Al Hasan as a goodwill ambassador. As a goodwill ambassador, he also invested in the capital market as he was eager to carry out the responsibility of a nationwide investment education program. Recently he bought the license of a share trading house called Monarch Holding. This is how Shakib got involved in the share business.
According to BSEC information, various individuals and their associates manipulated the share prices of 7 companies from mid-last year to March this year. Ordinary investors suffered huge losses. The investigation revealed that the manipulation circle made a profit of Tk 137 crore through these shares. Considering the overall aspect, the BSEC fined the accused person and their associates Tk 10 crore 89 lakh.
Dhaka Stock Exchange DSE, Bourse on the last working day of the week, 16th May, ended with a drop in Indices and hike in Turnover from the previous working session. This information is known from DSE sources.
676 crore 79 lakh taka shares were traded on this day. 150 crore 46 lakh more tradings were done in DSE today compared to the previous workday, 15th May , Shares worth Tk 526 crores 33 lakh shares were traded last time, Wednesday.
The benchmark DSEX lost 9.98 points or 5,517 The Shariah-based index DSES dropped 0.80 points or 1,212, and the blue-chip index DS30 decreased by 3.79 points or 1,973.
Of the issues traded, 122 advanced, 215 declined and 57 remained unchanged.
MBL 1st Mutual Fund ranked top gainer on DSE, the share price increased by Tk 0.50 paisa or 10 percent. On this day, the share was last traded at Tk 5.50 paisa.
Sonali Paper & Board Mills Limited ranked top loser on the DSE, the share price dropped by Tk 11.80 paisa or 3.00 percent. On this day, the share was last traded at Tk 382.50 paisa.
DSE topped on trade is Asiatic Laboratories Limited 46 crore 23 lakh takas of company shares have been traded.
A total of 43 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 3 crore 22 lakh 1 thousand 792 shares of the companies were traded. The financial value of which is 49 crore 85 lakh taka
Dhaka Stock Exchange DSE, Bourse on the fourth working day of the week, 15th May, ended with a drop in Indices and Turnover from the previous working session. This information is known from DSE sources.
526 crore 33 lakh taka shares were traded on this day. 138 crore 3 lakh less tradings were done in DSE today compared to the previous workday, 14th May , Shares worth Tk 664 crores 36 lakh shares were traded last time, Tuesday.
The benchmark DSEX lost 58.22 points or 5,527 The Shariah-based index DSES dropped 12.79 points or 1,212, and the blue-chip index DS30 decreased by 14.14 points or 1,977.
Of the issues traded, 61 advanced, 301 declined and 33 remained unchanged.
Reliance One the first scheme of Reliance Insurance Mutual Fund ranked top gainer on DSE, the share price increased by Tk 1.50 paisa or 8.77 percent. On this day, the share was last traded at Tk 18.60 paisa.
Bay Leasing & Investment Limited ranked top loser on the DSE, the share price dropped by Tk 0.30 paisa or 3.00 percent. On this day, the share was last traded at Tk 9.70 paisa.
DSE topped on trade is Alif Industries Limited 19 crore 21 lakh takas of company shares have been traded.
A total of 45 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 68 lakh 31 thousand 91 shares of the companies were traded. The financial value of which is 37 crore 38 lakh taka
Dhaka Stock Exchange DSE, Bourse on the third working day of the week, 14th May, ended with a drop in Indices and Turnover from the previous working session. This information is known from DSE sources.
664 crore 36 lakh taka shares were traded on this day. 17 crore 86 lakh less tradings were done in DSE today compared to the previous workday, 9th May , Shares worth Tk 968 crores 2 lakh shares were traded last time, Monday.
The benchmark DSEX lost 81.14 points or 5,585 The Shariah-based index DSES dropped 15.76 points or 1,225, and the blue-chip index DS30 decreased by 26.04 points or 1,991.
Of the issues traded, 31 advanced, 343 declined and 25 remained unchanged.
Reliance One the first scheme of Reliance Insurance Mutual Fund ranked top gainer on DSE, the share price increased by Tk 1.50 paisa or 9.55 percent. On this day, the share was last traded at Tk 17.10 paisa.
Union Insurance Company Limited ranked top loser on the DSE, the share price dropped by Tk 4.00 paisa or 9.32 percent. On this day, the share was last traded at Tk 38.90 paisa.
DSE topped on trade is eGeneration Limited 28 crore 18 lakh takas of company shares have been traded.
A total of 45 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 74 lakh 95 thousand 900 shares of the companies were traded. The financial value of which is 34 crore 92 lakh taka
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