Stocks
“Investors who bring the floor price should raise it by themselves”
Bangladesh Securities and Exchange Commission (BSEC) Chairman Professor Shibli Rubayat-Ul-Islam stated that every decision in the stock market tends to provoke either anger or joy among individuals. In such cases, we tend to favor what the majority desires or what will be beneficial. We do not want floor prices, but those who bring up this issue here (investors) will have to raise the floor price themselves. We will not increase the floor price.
On Tuesday (23 May), during the inauguration ceremony of the new brokerage house of Gibson Securities Limited at Dhaka Stock Exchange (DSE), the principal guest expressed these views.
The BSEC Chairman mentioned that the newly approved brokerage houses are improving the stock market. Our decision to grant licenses to new brokerage houses was accurate.
Regarding the investors’ intentions,he said there will be no repetition of 1996 or 2010 in the stock market. If anyone manipulates after the increase in floor price, we will revert back to the floor price. You all are engaged in business. We hope that soon all companies will rise above the floor price. Through investment in the capital market, there are opportunities to improve your future days. If everyone actively participates in the market, everyone will benefit.
Professor Shibli Rubayat-Ul-Islam said, “We are trying to bring good companies to the stock market. However, when we enforce governance and compliance, companies are not eager to come. Even the companies that come are not preferred.”
He mentioned that government bonds offer higher returns than FDIs. However, none of you are engaging in buying and selling them. Despite that, government securities are currently providing returns of up to 11%. Therefore, brokerage houses need to market government securities.
Mr. Md. Abu Naser, Director, FBCCI, Mr. Amzad Hossain, Director-In-Charge, FBCCI Standing Committee on Capital Market & Bond, Mr. Richard D’ Rozario, President, DSE Brokers Association of Bangladesh, Mr. Md. Sayadur Rahman, President, Bangladesh Merchant Bankers Association, Mr. M. Shaifur Rahman Mazumdar, FCA, FCMA, Managing Director (Acting), Dhaka Stock Exchange Limited, and Dr. Rezwanul Huque, Professor, Institute of Business Administration (IBA), University of Dhaka attended as Special Guests. Mr. Mohammad Gulam Mustafa Bhuiyan, Managing Director, Gibson Securities Limited and other officials of the organization were also present.
Dhaka Stock Exchange DSE, Bourse on the first working day of the week, 19th May, ended with a drop in Indices and Turnover from the previous working session. This information is known from DSE sources.
409 crore 18 lakh taka shares were traded on this day. 267 crore 60 lakh less tradings were done in DSE today compared to the previous workday, 16th May , Shares worth Tk 676 crores 79 lakh shares were traded last time, Thursday
The benchmark DSEX lost 86.13 points or 5,431 The Shariah-based index DSES dropped 20.52 points or 1,191, and the blue-chip index DS30 decreased by 25.55 points or 1,948.
Of the issues traded, 22 advanced, 347 declined and 19 remained unchanged.
Shepherd Industries PLC ranked top gainer on DSE, the share price increased by Tk 1.30 paisa or 9.35 percent. On this day, the share was last traded at Tk 15.20 paisa.
Desh General Insurance Company Limited ranked top loser on the DSE, the share price dropped by Tk 0.90 paisa or 3.00 percent. On this day, the share was last traded at Tk 29.10 paisa.
DSE topped on trade is Beach Hatchery Limited 18 crore 94 lakh takas of company shares have been traded.
A total of 53 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 32 lakh 72 thousand 812 shares of the companies were traded. The financial value of which is 41 crore 57 lakh taka
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
