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Weekly DSE Reports shows Decline in Turnover & Index

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Weekly Dhaka Stock Exchange, DSE, Dhaka Bourse has seen a massive drop in Turnover, Index on the other hand Market Capitalization showed a gaining performance. This information was disclosed in the weekly market review from the DSE.

According to sources, (5 working days) the turnover of DSE dropped by Tk 1 thousand 478 crore 72 lakh (23 July – 27 July). At the same time, the market capitalization has gained by 100 crore 91 lakh 63 thousand 342 taka.

The benchmark index ‘DSEX’ lost by 26.10 points or 0.41 percent, in the outgoing week. At the end of the week, the index stands at 6,339 points. The Shariah-based index ‘DSES’ dropped 9.22 points or 0.67 percent and therefore the index stands at 1,373 points. The blue-chip index ‘DS30’ decreased 36.92 points or 1.68 percent, hence the index stands at 2,169 points.

Shares and units worth 3 thousand 256 crore 68 lakh taka were traded in Dhaka Stock Exchange. At the end of the week, the market capitalization stood at 7 lakh 63 thousand 898 crore 82 lakh 99 thousand 238 taka.

Shares and units of 403 companies were traded on Bourse during the week. Of these, 203 shares were unchanged, 135 companies declined, and 50 companies advanced.

Fu Wang Food Limited has ranked at the top of weekly trading on DSE. It is known that 4 crore 53 lakh 3 thousand 799 shares of the company were traded throughout the week. Its market value is 162 crore 82 lakh takas.

Crystal Insurance Company Limited has ranked at the top of weekly gainers on DSE. It is known that the share traded a total of Tk 80 crore 48 lakh, which is an average of 16 crore 9 lakh per day. The share has risen 22.76 to its highest price.

Rupali Life Insurance Co. Limited has ranked at the top of weekly losers on DSE. It is known the share traded a total of Tk 83 crore 87 lakh, which is an average of 16 crore 77 lakh shares per day. The share has dropped 19.46 percent lowest in the last week.

/NR

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DSE independent director Quamruzzaman resigns

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Major General Mohammad Quamruzzaman (retd) has stepped down from his role as an independent director of the board of the Dhaka Stock Exchange, citing personal reasons.

He also served as a member of the DSE’s Nomination and Remuneration Committee (NRC).

Quamruzzaman was appointed to the DSE board on 1 September 2024, following the fall of the Awami League-led government. After serving for nearly one year and nine months, he submitted his resignation on Saturday (24 May).

Speaking to Quamruzzaman confirmed his resignation, saying, “Yes, I have resigned as an independent director for personal reasons.”

Md Shafiqur Rahman, Deputy General Manager of Public Relations and Publications at the DSE, said Quamruzzaman submitted a resignation letter mentioning personal reasons behind his decision.

“The DSE board will now take a decision regarding the resignation,” Shafiqur Rahman said.

He also indicated that Quamruzzaman may be planning to join another company, which could have influenced his decision to resign.

Earlier, another independent director of the DSE board, Shahnaz Sultana, also resigned from her position. She was likewise a member of the NRC.

According to the DSE annual report, Shahnaz Sultana is the CEO and Chief Consultant of FINS Alliance Risk Advisory and Consultancy and has served as the Founder and Chairperson of the WE Global Women Foundation since 2020.

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DSE Gets new Managing Director

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The Bangladesh Securities and Exchange Commission (BSEC) has today approved appointment of Ms. Nuzhat Anwar as the new Managing Director of Dhaka Stock Exchange PLC. (DSE).

Ms. Nuzhat Anwar brings over two decades of experience in financial markets, banking, and development finance. Prior to her appointment, she worked at the International Finance Corporation (IFC), the private sector arm of the World Bank Group, where she held multiple senior leadership roles across Africa and South Asia. Her positions included Resident Representative for Liberia and Sierra Leone, Senior Country Officer for Bangladesh covering Bangladesh, Bhutan, and Nepal, and acting Cluster Manager during the COVID-19 pandemic and the subsequent transition period.

Ms. Anwar also served as an IFC Country Officer in Botswana and Namibia, where she played a key role in establishing IFC’s presence in Gaborone and advancing a sustainable investment program, including IFC’s first investment in Botswana. She offers deep expertise in capital management, treasury and liquidity, transaction services, portfolio optimization, and market advocacy. Earlier in her career, she spent 16 years with Citibank Bangladesh and Standard Chartered Bank Bangladesh in various senior management roles.

Ms. Anwar holds a Master’s degree in Commerce (Finance) from the University of Dhaka.

On her appointment as the Managing Director of DSE, the Chairman of the Board of DSE Mr. Mominul Islam said, “We are pleased to receive the approval of BSEC for appointment of Ms. Anwar as the new Managing Director. Over the last one year the NRC and Board of have worked hard to recruit a competent leader as the MD of DSE. We are confident that Ms. Anwar, with her excellent leadership trait, vast experience in the financial sector in home and abroad and deep passion for transformation in the Capital Market of the Country, is the right candidate to lead DSE in the days ahead. Now, we will complete the internal processes to onboard Ms. Anwar at soonest.”

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Indices Negative Amidst Turnover Hikes

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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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