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BSEC-BIDA to hold investment conference in Japan

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BSEC

Bangladesh Securities and Exchange Commission (BSEC) and Bangladesh Investment Development Authority (BIDA) to hold an investment conference in Japan after the United Arab Emirates, US & UK.

The capital market regulatory body and BIDA want to hold this conference at the end of November this year.
On Tuesday, September 20, 2022, a tripartite meeting was held between the representatives of the Japanese Embassy in Dhaka, BIDA and BSEC at the Securities Commission Building in Agargaon of the capital.

BSEC Chairman Professor Shibli Rubayat Ul Islam presided over the meeting, Japanese Ambassador to Bangladesh Itu Naoki, BIDA Executive Chairman Md. Lokman Hossain Mia was present.

Also present, Commissioner of BSEC Md. Abdul Halim, Dr. Sheikh Shamsuddin Ahmed, Dr. Mizanur Rahman, Dr. Rumana Islam, Executive Director Mahbubul Alam, BIDA Director Md. Ariful Haque, Abul Khair Mohammad Hafizullah Khan, BSEC Director Kausar Ali, Joint Director Rashedul Alam and other Japanese Embassy officials were present.

It is known that the main purpose of this tripartite meeting is to strengthen the relationship between the two friendly countries (Bangladesh-Japan) and to formulate and implement a comprehensive plan. Besides, Japan’s hosting of the investment summit to be held in Japan at the end of November this year is confirmed.

According to several sources present at the meeting, various aspects of friendly relations with Japan were discussed. Besides, the embassy officials assured the BSEC and BIDA about increasing Japanese investment in Bangladesh and taking comprehensive measures regarding the investment conference to be held next November.

It should be noted that BSEC has previously held road shows in the United Arab Emirates in July last year, in the United States in September and in the UK in December. Through these conferences, the people concerned have been trying to present the picture of Bangladesh’s development to foreigners and expatriates and to attract foreign investment in the country.

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Indices Negative Amidst Turnover Hikes

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dse bourse indices turnover dhak stock exchange stock market

Dhaka Stock Market DSE, Bourse on the second working day of the week, 30th September, ended with a negative performance in Indices and a hike in Turnover from the previous working session. This information is known from DSE sources.

503 crore 90 lakh taka shares were traded on this day. 22 crore 58 lakh more tradings were done in DSE today compared to the previous workday, 29th September, Shares worth Tk 481 crores 31 lakh shares were traded last time, Sunday.

The benchmark DSEX lost 33.61 points or 5,624 The Shariah-based index DSES dropped 7.36 point or 1,263 and the blue-chip index DS30 decreased by 9.57 points or 2,053.

Of the issues traded, 72 advanced, 299 declined and 25 remained unchanged.

Shahjibazar Power Company Limited ranked top gainer on DSE, the share price increased by Tk 4.00 paisa or 9.76 percent. On this day, the share was last traded at Tk 45.00 paisa.

Dhaka Electric Supply Company Limited ranked top loser on the DSE, the share price dropped by Tk 1.80 paisa or 7.56 percent. On this day, the share was last traded at Tk 22.00 paisa.

DSE topped on trade is Pragati Life Insurance Limited 25 crore 35 lakh takas of company shares have been traded.

A total of 27 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 50 lakh 42 thousand 956 shares of the companies were traded. The financial value of which is 65 crore 60 lakh taka

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National Polymer Announce Their Dividends & Q2 Financials

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One of the Listed companies, National Polymer Limited has recommended 10.50% Cash Dividend for the year ended June 30, 2024.

It has reported Consolidated EPS of Tk 2.27 paisa, and Consolidated NAV per share of Tk 30.63 for the year ended March 31, 2024.

The Annual General Meeting (AGM) of the company will be held on December 18, through the digital platform. The record date for this has been fixed at October 22.

The Company also discloses its financial reports for the second quarter, (April – June 24).

As per the company’s consolidated life revenue account for April to June 2024, the excess of total income over total expenses, including claims (surplus), stood at Tk 1,394.24 million. This marks a significant increase from the surplus of Tk 823.68 million during the same period in 2023.

For the first half of 2024, from January to June, the company reported a surplus of Tk 2,177.57 million, compared to Tk 1,290.39 million in the corresponding period of the previous year.

Additionally, the Life Insurance Fund balance as of June 30, 2024, reached Tk 55,188.62 million, showing a net increase of Tk 5,892.25 million from Tk 49,296.37 million on June 30, 2023.

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Beacon Pharma Declares Their Dividends

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One of the Listed companies, Beacon Pharmaceuticals PLC has recommended 20% Cash dividend and 10% Cash Dividend to Sponsor Shareholder and Directors for the year ended June 30, 2024.

It has reported EPS of Tk 2.26 paisa, and NAV per share of Tk. 26.37 for the year ended June 30, 2024.

The Annual General Meeting (AGM) of the company will be held on December 23, through the digital platform. The record date for this has been fixed at October 27.

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