Stocks
BSEC Chairman Highlights Profit Potential in Volatile Market
The Bangladesh Securities and Exchange Commission (BSEC) Chairman, Professor Shibli Rubayat-Ul-Islam, stated at a seminar organized by the Reporters’ Forum (ERF) on Tuesday (July 11) that there is more profit potential when the market is volatile. He explained that when the market is stable and performing well, the chances of making profits decrease.
According to the BSEC Chairman, many investors approach him to inquire about when the floor price will lift. He clarified that he is not in favor of manipulating the floor price. However, due to the Ukraine-Russia conflict, he had to impose restrictions on the floor price to safeguard the interests of investors.
He expressed his desire to lift the floor price and emphasized that he would lift it as quickly as possible. However, certain conditions need to be met in the market to justify increasing the floor price. If investors’ funds are secure, he will lift the floor price.
The event was inaugurated by the Editor-in-Chief of the ERF, Abul Kashem, and chaired by Refayet Ullah Mirdha, the President of the organization. The main article was presented at the seminar by Mohammad Mofazzal, a member of the ERF.
During this time, Chairman of the Dhaka Stock Exchange (DSE) Hafiz Mohammad Hasan Babu, Chairman of the Chittagong Stock Exchange (CSE) Asif Ibrahim, Chairman of the Capital Market Stabilization Fund, Najibur Rahman, Chairman of NRB Commercial Bank SM Parvez Tamal, and President of the Asset Management Company and Mutual Fund Association, Hasan Imam, were present at the event.
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.
