Stocks
CSE Welcomes Md. Shaifur Rahman as New MD
![Md. Shaifur Rahman cse](https://en.orthosongbad.com/wp-content/uploads/2024/01/cse-md.png)
Md. Shaifur Rahman Mazumdar FCA, FCMA assumed the role of Managing Director at Chittagong Stock Exchange PLC (CSE) starting January 1, 2024.
Prior to his appointment at CSE, he held the position of Chief Operating Officer (COO) at Dhaka Stock Exchange PLC (DSE). His professional journey includes serving as the Acting Managing Director of DSE and a previous term as the Managing Director of CSE from 2016 to 2019. With a rich career spanning twenty-seven years in the private sector, Mazumdar has demonstrated expertise in various areas, including capital markets, financial management, export and production management, HR management, and management consultancy.
A distinguished Chartered Accountant and a Cost and Management Accountant, S.R. Mazumdar holds Fellowship memberships with both prominent accounting bodies in Bangladesh, ICAB and ICMAB. He earned his B.Com. (Hon’s) and M.Com. (Accounting) from the University of Chittagong. During his Chartered Accountancy course, he gained valuable experience working with KPMG Rahman Rahman Huq, a leading audit and consultancy firm in Bangladesh.
In addition to his contributions to business and industrial organizations, Mazumdar has played leadership roles in professional and trade bodies. He served as the Vice President of the Institute of Chartered Accountants of Bangladesh (ICAB) and as a council member during the tenure of 2016-18. He also chaired the Chittagong Regional Committee of ICAB and the Chittagong Branch Council of ICMAB.
Furthermore, he served as a director of the Bangladesh Frozen Foods Exporters Association (BFFEA). His exceptional contributions extend to professional development, where he has been a resource person in various seminars, workshops, and training programs organized by ICAB, ICMAB, SAFA, BSEC, and Stock Exchanges. He has represented Bangladesh in different international conferences organized by the World Economic Forum, World Federation of Exchanges (WFE), and South Asian Federation of Exchanges (SAFE).
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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.