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“We are optimistic about the stock market”

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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.

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Indices at Ease after 9 Working-Days Volatility

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Bourse dse turnover indices stock market

Dhaka Stock Exchange DSE, Bourse on the second working day of the week, 26th May, ended with a hike in Indices and Turnover from the previous working session. This information is known from DSE sources.

506 crore 12 lakh taka shares were traded on this day. 183 crore 75 lakh more tradings were done in DSE today compared to the previous workday, 23th May , Shares worth Tk 322 crores 75 lakh shares were traded last time, Tuesday

The benchmark DSEX added 59.66 points or 5,310 The Shariah-based index DSES gained 13.70 points or 1,160, and the blue-chip index DS30 decreased by 11.93 points or 1,900.

Of the issues traded, 276 advanced, 84 declined and 34 remained unchanged.

Index Agro Industries Limited ranked top gainer on DSE, the share price increased by Tk 5.80 paisa or 9.73 percent. On this day, the share was last traded at Tk 65.40 paisa.

Unilever Consumer Care Limited ranked top loser on the DSE, the share price dropped by Tk 64.100 paisa or 3 percent. On this day, the share was last traded at Tk 2,076.00 paisa.

DSE topped on trade is Unilever Consumer Care Limited 33 crore 56 lakh takas of company shares have been traded.

A total of 36 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 26 lakh 28 thousand 218 shares of the companies were traded. The financial value of which is 49 crore 54 lakh taka

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Khan Brothers releases Q2 Financials

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One of the listed companies, Khan Brothers PP Woven Bag Industries Limited discloses its financial reports for the second quarter, (October– December 23).

The company’s earnings per share (EPS) loss Tk 0.01 paisa in Q2 of the current financial year (October – December 23). EPS was loss Tk 0.01 paisa during the same period last year. NAV per share was Tk. 11.84 as of December 31, 2023.

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Standard Ceramics’ EPS on Massive Losses in Third Quarter

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Standard Ceramic

One of the listed companies, Standard Ceramic Industries Limited discloses its financial reports for the third quarter, (January – March 24).

The company’s earnings per share (EPS) was loss Tk 3.26 paisa in Q3 of the current financial year (January – March 24). EPS was loss Tk 2.03 paisa during the same period last year. As of March 31, 2024, at the end of the third quarter of the fiscal year, the company’s net asset value (NAV) per share stood at loss Tk 30.13.

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