Stocks
“We are optimistic about the stock market”
We are optimistic about the stock market of the country. Companies listed in the country pay more taxes. For this, good companies should be listed with incentives. Professor Abu Ahmed commented that the stock market will move forward if everyone, including the media, is united.
He said these things at a round table meeting titled ‘Stock Market Present and Future’ organized by BMBA and Capital Market Journalists Forum (CMJF) at a hotel in the capital on Saturday, September 17. Stock Market regulatory body Bangladesh Securities and Exchange Commission (BSEC) Chairman Professor Shibli Rubayat-Ul-Islam was present as the chief guest at the meeting.
It was presided over by BMBA President Chhaydur Rahman. CMJF president Ziaur Rahman presided over the program. BMBA Senior Vice President Md. Moniruzzaman CFA presented the keynote.
Stock market analyst Prof. Abu Ahmed said that there is hope and despair in our market. Although there is a need to attract good companies to this market, the tax rate gap between listed companies and unlisted companies is discouraged. It is not the right policy of the government.
Abu Ahmed believes that institutional investors should be given quota benefits to large investors in IPO.
BMBA president said that not all people of the country will come to the stock market. Only those who understand stock market investment will come. Investors will face loss if they invest in the stock market without understanding.
He said that the economy of the country will be dynamic through investment in the stock market. Apart from this, government revenue will increase along with employment generation. Investors need to think about things related to their thinking. Then we will see a better capital market in the future.
He also said that the tax rate difference between listed and unlisted companies was 10pc earlier. Now bringing this difference to 7.5pc. This difference needs to be made bigger. We are thinking about improving the overall economy.
Former chairman of BSEC Khairul Hossain said that every mutual fund has given cash dividends. Mutual funds will gain 25pc growth this year. Good companies should be brought to the stock market. If we can convert 4 lakh mutual funds into 10 lakh then investment will increase.
Participating in the meeting as a negotiator – Capital Market Stability Fund Chairman and former Secretary General Najibur Rahman, National Board of Revenue (NBR) member Md. Zahid Hasan, BSEC former chairman Faruq Ahmed Siddiqi, BSEC former chairman Professor Dr. Khairul Hossain, Chairman of Dhaka Stock Exchange Yunusur Rahman, Chairman of Chittagong Stock Exchange Asif Ibrahim, Executive Director of Bangladesh Bank Dr. Ejazul Islam, Economist Professor Abu Ahmed, Professor of Economics Department of Dhaka University. Mohammad Helal, Associate Professor of Accounting Department of Dhaka University Md Al-Amin, President of DSE Brokers Association Richard D-Rosario, President of CFA Society Shaheen Iqbal, President of Association of Asset Management Companies and Fund Dr. Hasan Imam, President of Institute of Cost and Management Accountants Bangladesh (ICMAB) Mamunur Rashid FCMA, President of Institute of Chartered Secretaries Bangladesh (ICSB) Mozaffar Ahmed, FCMA FCS and Council Member of Institute of Chartered Accountants Bangladesh (ICAB) Gopal Chandra Ghosh.
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.
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