Stocks
Sandhani Life Insurance declares Dividends, Q1 & Q2 Financials
![Sandhani Life Insurance](https://en.orthosongbad.com/wp-content/uploads/2023/08/New-Project-9.webp)
One of the Listed companies, Sandhani Life Insurance Company Limited has recommended 12 percent Cash Dividend for the Financial Year ended December 31, 2022.
This source is known from DSE.
The Company has reported Consolidated EPS of Tk 0.88 paisa, NAV per share of Tk 18.57 for the year ended December 31, 2022, as against consolidated EPS of Tk 1.43 paisa. NAV per share Tk 18.68 for the same period of the previous year.
The Annual General Meeting (AGM) of the company will be held on September 25 through the digital platform. The record date for this has been fixed at August 27.
The company has also announced its financial reports for the first & second quarters. This source is known from DSE.
Q1 Financials: In the first quarter of 2023 (January-March 23), the Company reported a net deficit of Tk 308.24 million in its consolidated life revenue account. This figure represents the excess of total expenses, including claims, over total income during the three-month period. The company’s financial performance in the same period of the previous year (2022) showed a comparatively lower deficit of Tk 304.36 million.
As a result of the challenging financial situation, the Balance of Life Insurance Fund, as of March 31, 2023, decreased to Tk 6,914.29 million. This marks a significant decline from the corresponding figure of Tk 7,254.19 million recorded on March 31, 2022, signaling a net decrease of Tk 339.90 million over the year.
Q2 Financials: the Company showed signs of improvement in the second quarter (April-June 23), as the excess of total expenses, including claims, over total income (deficit) decreased to Tk 36.51 million. This figure stands in stark contrast to the deficit of Tk 225.13 million recorded in the corresponding period of 2022.
During the first half of 2023, from January to June, the company’s financial performance also exhibited a positive trend. The excess of total expenses, including claims, over total income (deficit) for this period was Tk 355.34 million, which is significantly lower than the deficit of Tk 546.08 million recorded in the same period of the previous year.
As of June 30, 2023, the Balance of Life Insurance Fund was reported to be Tk 6,864.73 million. This figure reflects a decrease from Tk 7,001.83 million, the balance recorded on June 30, 2022, resulting in a net decrease of Tk 137.10 million
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Stocks
Weekly U.S. Stock Market Reports Diverse Performance
![U.S. Stock](https://en.orthosongbad.com/wp-content/uploads/2024/03/7xm.xyz120015.jpg)
Reviewing the U.S. Stock Markets, the Nasdaq Composite, recorded a decent loss of 1,023 points, reaching a closing value of 16,690 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, losing 240 points to settle at 5,408 points. Meanwhile, DJIA Index experienced a notable hike, adding 1,218 points during the week and concluding at 40,345 points after a week of gaining.
In contrast, Russell 3000 Index saw a loss in week performance, with a slight drop of 141 point to reach 3,077 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable lost of 126 points, ending the week at 2,091 points.
Stocks
European Stock Weekly Review Highlights Mixed Trend
![stock European](https://en.orthosongbad.com/wp-content/uploads/2023/04/fsdfsdf.webp)
In the Outgoing week, the European stock market displayed a mixed performance.
Here is the data on the weekly performance of the European Stock Market, The STOXX Europe 600 index, which is considered a leading benchmark for the European market and covers approximately 90 percent of the market capitalization across 17 countries, reported a loss of 18.49 points to close at 506.56.
The United Kingdom’s FTSE 100, one of the most widely followed indices in Europe, also showed a significant drop, losing 195 points or finishing the session at 8,181.
In Germany, the DAX 30 index, added by 605 points to reach 18,301, while France’s CAC 40 decreased by 278 points to stop at 7,352 at the end of the trading day.
Italy’s FTSE MIB, which covers the top 40 stocks traded on the Milan Stock Exchange, decreased by 1,081 points to 33,291. However, Spain’s IBEX 35, lost by 228 points, to close at 11,173.
Stocks
Weekly South Asian Stock reports Varied Performance
![south asian stock](https://en.orthosongbad.com/wp-content/uploads/2023/06/New-Project-4.jpg)
A review of South Asian stock markets shows that India’s Bombay Stock Exchange (BSE) index BSE Sensex has lost 1,182 points during the week. At the end of the week, the index stood at 82,365 points. On the other hand, the Nifty-50 index of the country’s National Stock Exchange dropped by 383 points last week. At the end of the week, the index stood at 24,852 points.
Pakistan Stock Exchange Index ‘KSE 100’, added 459 points last week. After a week of losing, the index settled at 79,002 points.
On the other hand, The Sri Lankan stock market index loss, and the Colombo Stock Exchange index ‘ASPI’ decreased by 94 points in a week. After a week the index settled at 10,775 points.
Bhutan’s stock market index ‘BSI’ dropped by 9 points hence the index stood at 1,500 points throughout the whole week. Nepal’s ‘NEPSE’ lost 22 points, therefore the index stands at 2,727 points.
Hence Dhaka Stock Exchange: The benchmark index ‘DSEX’ lost by 75.77 points or 1.31 percent, in the outgoing week. At the end of the week, the index stands at 5,728 points.