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Weekly Bourse Surge

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DSE Bourse

Weekly Dhaka Stock Exchange, DSE, Dhaka Bourse has seen a hike in Turnover, Market Capitalization & Index . 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 1 thousand 140 crore 41 lakh (17 September – 21 September). At the same time, the market capitalization has increased by 3 thousand 168 crore 35 lakh 87 thousand 674 taka.

The benchmark index ‘DSEX’ surged by 7.71 points or 0.12 percent, in the outgoing week. At the end of the week, the index stands at 6,309 points. The Shariah-based index ‘DSES’ gained 4.03 points or 0.30 percent and therefore the index stands at 1,364 points. The blue-chip index ‘DS30’ increased by 11.53 points or 0.54 percent, hence the index stands at 2,146 points.

Shares and units worth 4 thousand 4 crore 81 lakh taka were traded in Dhaka Stock Exchange. At the end of the week, the market capitalization stood at 7 lakh 79 thousand 101 crore 65 lakh 64 thousand 562 taka.

Shares and units of 403 companies were traded on Bourse during the week. Of these, 216 shares were unchanged, 73 companies declined, and 92 companies advanced.

Fu Wang Foods Limited has ranked at the top of weekly trading on DSE. It is known that 3 crore 71 lakh 81 thousand 372 shares of the company were traded throughout the week. Its market value is 126 crore 5 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 77 crore 16 lakh, which is an average of 15 crore 43 lakh per day. The share has risen 33.43 to its highest price.

Metro Spinning Limited has ranked at the top of weekly losers on DSE. It is known the share traded a total of Tk 66 crore 40 lakh, which is an average of 13 crore 28 lakh shares per day. The share has dropped 23.16 percent lowest in the last week.

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Beximco Taps Iqbal Ahmed as New Managing Director

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Beximco

Beximco Pharmaceuticals has announced the appointment of Iqbal Ahmed, a current director, as the new managing director for a five-year term.

hmed, who has been serving on the board since 1985, will assume the role pending approval from shareholders at the upcoming annual general meeting. The move follows the resignation of the company’s former managing director, Nazmul Hasan, who stepped down from the position after assuming a ministerial role in the government.

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6 More Companies to Enter ‘Z’ Categories Starting Tomorrow

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z category

Starting tomorrow, Monday (March 4), shares of six companies will be transferred to the ‘Z’ category on the Dhaka Stock Exchange, as directed by the Bangladesh Securities and Exchange Commission (BSEC).

The decision stems from various factors, including the failure to host the annual general meeting, production shutdown for over six months, and many other reasons.

However DSE mentioned two companies from the textile sector, two from the pharmaceutical and chemical sector, one from the financial sector, and one from the insurance sector. The affected companies are Prime Textile, Prime Finance, New Line Clothings, Far East Islamic Life Insurance, AFC Agro Biotech, and Active Fine Chemicals Limited. The ‘Z’ category is typically assigned for companies facing financial troubles or regulatory issues, signaling caution for investors.

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Grameenphone’s Stock Plunge 8.72% after Lifting Floor

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grameenphone

The stock of Grameenphone (GP) experienced a significant decline of 8.72% immediately after the removal of the floor price restriction.

According to the directive of the Bangladesh Securities and Exchange Commission (BSEC), the floor price restriction on shares of Grameenphone Limited is set to be lifted from today, March 3rd.

Yesterday, GP shares were traded at Tk286.60 each. However, Today, experiencing a drop of Tk25.00 from the opening price at the Dhaka Stock Exchange (DSE). The session witnessed the exchange of a total of 7 lakh 43 thousand 710 shares, amounting to Tk19 crore 46 lakh.

This downturn in GP stocks had a notable impact, resulting in a decline in the key index DSEX, settling at 6,215 by the end of the day trading. The Bangladesh Securities and Exchange Commission (BSEC) had earlier issued a directive to withdraw the floor price restriction on Grameenphone stocks on 3 March. The floor price is the lowest set by the securities regulator, determining the minimum price at which a stock can be traded. In January, the BSEC lifted the floor price for most stocks, 18 months after its introduction.

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