Stocks
BSEC Directs DSE to Strengthen Oversight and Regulations
The Bangladesh Securities and Exchange Commission (BSEC), in its pursuit of enhancing oversight and regulatory measures, has issued directives to the Dhaka Stock Exchange (DSE). This move follows a series of decisions taken during a meeting between the BSEC and DSE management on July 19. The meeting, attended by various departments of the BSEC including the Securities Market Surveillance, Surveillance and Enforcement, and Registration and Licensing departments, was chaired by BSEC Commissioner Md. Abdul Halim. Several significant decisions were reached during the meeting, primarily aimed at effective implementation.
According to the directives of the BSEC, the Dhaka Stock Exchange is required to correspond with the Surveillance, Monitoring, and Risk Management Division of the DSE for sending official letters, seeking clarifications or assistance on policy-related matters. This initiative is aimed at fostering a seamless communication process for prompt follow-up and response.
The DSE must provide the MIA Division with a list of officers from the relevant desks within the DSE who are engaged in MIA Division activities. In the event of changes in officer responsibilities within the desks, the DSE should promptly send the updated information to the MIA Division according to its guidelines.
The approved representatives’ live database, stored within the DSE, is accessible exclusively for internal users of the organization. This database needs to be transformed for public information dissemination through the DSE website.
With the aim of ensuring the security of investments made by stakeholders and safeguarding securities held in beneficiary owner (BO) accounts, the Bangladesh Securities and Exchange Commission (BSEC) has issued a directive regarding the operation of non-modifiable back-office software by brokers and dealers. Despite the deadline of May 31 for submitting progress reports on this matter to the BSEC, no submission had been made. Consequently, instructions have been given to submit this report to the BSEC within the month of August.
The BSEC and DSE will collaboratively address matters concerning defaulters and unsettled tech holder companies. If necessary, communication and resolution efforts will be made with stakeholders, including the judiciary and the Anti-Corruption Commission, to ensure solutions through protection and diligent action. This decision was made to emphasize the pursuit of resolution through communication and accountability.
Both the BSEC and the DSE will work collectively on issues concerning defaulters and unruly tech-holding companies. The resolution path will involve interaction and resolution efforts with stakeholders, including courts and the Anti-Corruption Commission, in order to ensure protection and accountability.
For the comprehensive monitoring of track holders as unified customer accounts, instructions have been given to the DSE to provide access to the relevant personnel of the MIA Division through the utilized online module for constant surveillance.
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
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.
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.
