Stocks
Prime Bank Securities welcomes Moniruzzaman as new MD, CEO
Prime Bank Securities Limited, a prominent stock brokerage company, is pleased to announce the appointment of Md Moniruzzaman, CFA, as the new Managing Director (MD) & Chief Executive Officer (CEO) of the organization, effective from May 14, 2023. Joining the Prime Bank family with the equivalent rank of Deputy Managing Director (DMD), Mr. Moniruzzaman will also undertake any assigned responsibilities related to capital market businesses.
With his extensive experience in the Capital Market, Mr. Moniruzzaman, CFA brings a wealth of knowledge and strategic leadership to Prime Bank Securities Limited. This appointment signifies the company’s strong commitment to driving innovation, fostering growth, and delivering value to stakeholders as it enters an exciting new phase.
Previously, Mr. Md Moniruzzaman served as the Managing Director of IDLC Investments Limited for over 13 years. Prior to that, he held various roles at Citigroup. With his professional affiliations, including Vice President of Bangladesh Merchant Bankers Association and Vice President of CFA Society Bangladesh, as well as being a Member of CSE Investors’ Protection Fund Trustee Board, Mr. Moniruzzaman’s visionary leadership and expertise in the financial industry, particularly in the Capital Market of Bangladesh, will guide the company towards new opportunities. He is recognized for his ability to build high-performance teams, cultivate strong partnerships, and drive operational excellence.
The appointment of Mr. Md Moniruzzaman, CFA, is greeted with delight by Prime Bank Securities Limited. His combined expertise, leadership, and passion make him the perfect individual to drive the company forward. With confidence in his guidance, Prime Bank Securities Limited is expected to continue excelling and achieving new milestones.
Dhaka Stock Exchange DSE, Bourses on the fourth working day of the week, June 7, ended with price index hikes & turnover drops.
This information is known from DSE sources.
782 crores 80 lakh shares were traded on this day. 304 crore 8 lakhs less trading was done in DSE today compared to the previous workday, 6 June, Shares worth Tk 1 thousand 86 crore 88 lakh shares were traded last time, Tuesday.
The benchmark index DSEX gained 22.79 points or 6,338. The Shariah-based index DSES added 3.04 points or 1,375, and the blue-chip index DS30 hiked 0.47 points or 2,189.
Of the issues traded, 123 advanced, 47 declined, and 178 remained unchanged.
Bangas Limited ranked top gainer on DSE, the share price increased by Tk 13.3 paisa or 10.00 percent. On this day, the share was last traded at Tk 146.30 paisa
Simtex Industries Ltd ranked top loser on the DSE, the share price dropped by Tk 1.60 paisa or 6.81 percent. On this day, the share was last traded at Tk 21.90 paisa.
DSE topped on trade is Meghna Life Insurance Co. Ltd 58 crore 2 lakh takas of shares of the company have been traded.
A total of 86 companies shares were traded in the Block on Dhaka Stock Exchange,88 lakh 10 thousand 362 shares of the companies were traded. The financial value of which is 48 crore 22 lakh taka.
/NR
Dhaka Stock Exchange (DSE) Chairman, Dr. Hafiz Muhammad Hasan Babu, announced his intention to attract Japanese investments to the stock market in the near future.
He made these remarks during a budget-related press conference held at a hotel in the capital city on Tuesday (June 6). Dr. Hasan emphasized the importance of actions rather than mere words, expressing his desire to demonstrate progress through tangible outcomes. He shared his numerous aspirations for the DSE and emphasized the need for collaboration to realize people’s dreams. This collaboration would require not only the government’s support but also the assistance of journalists.
Furthermore, Dr. Hasan mentioned the need to provide uninterrupted income from bonds, as the bond market is currently facing obstacles, partly due to taxes. He expressed the desire for a comprehensive evaluation of taxes as a final measure to ensure stability. Dr. Hasan also highlighted the importance of reducing the corporate tax rate for listed and non-listed companies by 10% compared to the dividend tax rate. Additionally, he proposed reducing the VAT rate from 15% to 10%.
Dr. Hasan reassured that despite any disappointment surrounding the budget, there is a strong willingness to take proactive steps in the stock market. These steps aim to restore people’s confidence in the market. The press conference was attended by Rubaba Dowla, the Independent Director of Dhaka Stock Exchange, and Professor Abdullah Al Mamun, among other officials from DSE.
Dhaka Stock Exchange DSE, Bourses on the third working day of the week, June 6, ended with price index & turnover drops.
This information is known from DSE sources.
1 thousand 86 crores 88 lakh shares were traded on this day. 169 crore 80 lakhs less trading was done in DSE today compared to the previous workday, 4 June, Shares worth Tk 1 thousand 256 crore 68 lakh shares were traded last time, Monday.
The benchmark index DSEX dropped 40.10 points or 6,316. The Shariah-based index DSES lost 10.00 points or 1,372, and the blue-chip index DS30 dropped 9.47 points or 2,188.
Of the issues traded, 25 advanced, 157 declined, and 182 remained unchanged.
Trust Islami Life Insurance Limited ranked top gainer on DSE, the share price increased by Tk 5.40 paisa or 9.96 percent. On this day, the share was last traded at Tk 59.60 paisa
Mir Akhter Hossain Ltd ranked top loser on the DSE, the share price dropped by Tk 6.00 paisa or 10.00 percent. On this day, the share was last traded at Tk 54.00 paisa.
DSE topped on trade is Associated Oxygen Ltd 52 crore 94 lakh takas of shares of the company have been traded.
A total of 378 companies shares were traded in the Block on Dhaka Stock Exchange, 1 crore 17 lakh 23 thousand 483 shares of the companies were traded. The financial value of which is 63 crore 59 lakh taka.
/NR
