Stocks
DSE Launches Compensation Program for Affected Investors
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Dhaka Stock Exchange Limited (DSE) has initiated a compensation program for approximately 8,500 investors affected by losses incurred in four brokerage houses listed on the stock exchange. The payment was made as per the directives of the regulatory body Bangladesh Securities and Exchange Commission.
The losses were associated with Crest Securities, Basco Securities, Tamha Securities, and Shah Mohammed Sagir & Co. Limited. The compensation program, directed by the regulatory authority Bangladesh Securities and Exchange Commission (BSEC), began with the transfer of two checks through the hands of two investors under the guidance of DSE’s Chief Regulator Khairul Bashar Abu Taher Mohammad on Monday, November 11. The DSE will pay Tk 25 crore to the affected investors through the BEFTN system in phases.
As part of the compensation process, the affected investors will collectively receive Tk 25 Crore through the Investors’ Protection Fund (IPF) managed by DSE. This payout aims to address the losses reported by investors in the aftermath of the incidents that transpired in October.
BSEC Commissioner Md Abdul Halim, DSE Chairman Professor Dr. Hafiz Muhammad Hasan Babu, DSE Managing Director Dr ATM Tariquzzaman, Chief Regulatory Officer Khairul Bashar Abu Taher Mohammed, Chief Financial Officer Satvik Ahmed Shah and other senior officials were present at the event.
Dr. ATM Tariquzzaman, the Managing Director of DSE, expressed his satisfaction in facilitating the distribution of funds to the investors and hoped that all outstanding dues would be settled progressively. He emphasized the DSE’s commitment to preventing future investor losses and promoting a vigilant market environment.
Moreover, Commissioner Abdul Halim of BSEC highlighted the significance of active law enforcement to prevent financial misconduct, ensuring that individuals cannot abscond with investors’ funds. He commended the efforts of the regulatory authorities in closely monitoring and enforcing the laws to safeguard investor interests.
The DSE Managing Director also thanked BSEC Chairman Professor Shibli-Rubayat-Ul-Islam for his support in this regard.
At the cheque handover event, BSEC Commissioner Abdul Halim said, “It is a pleasure to be able to give a small amount to the affected investors. However, we need to be more active in enforcing the law. So that no one can embezzle any investor’s money. If investors can be protected, confidence in the stock market will increase. After embezzling money in these four organizations, no one could embezzle again. We didn’t have to make a new law to stop it. Monitoring has been strengthened by proper enforcement of the law. So that no one can embezzle money in the future.
In Conclusion, DSE Chairman Professor Dr. Hafiz Mohammad Hasan Babu said, a journey has started in DSE. Investors need security, but to a small extent, we have proved that we think about the investors, we are investor-friendly, we want to move with them
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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
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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.