Stocks
BSEC Chief Urges Bangladesh Bank’s Active Role in Strengthening Stock Market Dynamics
The Chairman of the Bangladesh Securities and Exchange Commission (BSEC), Professor Shibli Rubayat-ul Islam, has urged the collaboration of the Bangladesh Bank to enhance liquidity in the country’s stock market.
This proposal was made during the New Year’s exchange of greetings between the heads of the two regulatory bodies, discussing pivotal issues related to the stock market’s dynamics. The meeting focused on strategies to bolster the capital market, particularly addressing the challenges and opportunities prevalent in the current economic landscape.
In the discussions held during the auspicious occasion of the new year, the leaders delved into the intricacies of augmenting liquidity in the stock market and fostering overall economic growth. Their dialogue encompassed various facets of the financial sector, with a special emphasis on analyzing the current state of the economy durng the general election. Both entities expressed a shared commitment to ensuring the stability and progress of the financial market, outlining plans for comprehensive discussions on the economic outlook in the upcoming days.
BSEC spokesperson Mohammad Rezaul Karim provided insights into the meeting, emphasizing that the dialogue aimed at fortifying the financial market’s resilience and facilitating collaborative efforts for sustained economic development. Chairman Shibli Rubayat-ul Islam reassured stakeholders that, during the election, the stock market in Bangladesh would remain robust and continue contributing to the nation’s economic progress.
As the financial regulatory bodies embark on collaborative endeavors to address liquidity challenges, their unified vision is poised to shape the economic landscape positively. The discussions align with the shared goal of ensuring the stock market’s stability and its pivotal role in propelling Bangladesh towards sustained economic prosperity.
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.
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.
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.
