Stocks
South Asian Stocks Shows Volatile Performance on the Outgoing Week
South Asian Stocks:
A review of South Asian markets shows that India’s Bombay Stock Exchange (BSE) index BSE Sensex has dived 62 points during the week. At the end of the week, the index stood at 64,886 points. On the other hand, the Nifty-50 index of the country’s National Stock Exchange dropped by 45 points last week. At the end of the week, the index stood at 19,265 points.
Pakistan Stock Exchange Index ‘KSE 100’, the worst performer of the week, shed 537 points last week. After a week of losing, the index settled at 47,683 points.
On the hand The Sri Lankan stock market hiked, the Colombo Stock Exchange index ‘ASPI’ decreased by 196 points in a week. After a week the index settled at 11,207 points.
Bhutan’s stock market index ‘BSI’ has stable points hence the index stood at 1,423 points throughout the whole week. Nepal’s ‘NEPSE’ lost by 20 points last week, as the index stands at 2,013 points.
Weekly Dhaka Stock Exchange, DSE, Dhaka Bourse has seen a hike in Turnover, Index & Market Capitalization. This information was disclosed in the weekly market review from the DSE.
According to sources, (5 working days) the turnover of DSE hiked by Tk 700 crore 28 lakh (20 August – 24 August). At the same time, the market capitalization has also gained by 1 thousand 888 crore 94 lakh 85 thousand 021 taka.
The benchmark index ‘DSEX’ added by 25.26 points or 0.40 percent, in the outgoing week. At the end of the week, the index stands at 6,280 points.
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.
