Stocks
NBR Chairman Assures Cooperation for Dynamic Stock Market Development
In an exchange of New Year’s greetings during a meeting at the National Board of Revenue (NBR) headquarters, the Chairman of NBR, Abu Hena Md. Rahmatul Muneem, assured cooperation in all aspects for the development of the country’s capital market. The meeting, held on Thursday (4 December), also included the Chairman of the Bangladesh Securities and Exchange Commission (BSEC), Professor Shibli Rubayat-Ul-Islam. The leaders of the two regulatory bodies discussed the overall economic situation and prospects for the country, particularly focusing on post-election economic conditions.
During the discussion, the Chairman of NBR, Abu Hena, conveyed his optimism for the development of the stock market and the overall economy by pledging support and collaboration. The meeting, conducted at the NBR office in Agargaon, addressed various issues related to economic growth and the role of the securities market in shaping the economic landscape. Both regulatory heads emphasized the importance of a dynamic and well-regulated stock market in contributing to the economic advancement of the country.
Mohammad Rezaul Karim, the spokesperson for BSEC, reported that the New Year’s greetings exchanged between the Chairmen of NBR and BSEC also involved a comprehensive discussion on the current economic state and future expectations. The Chairman of NBR expressed hope for the economic development of the country, particularly emphasizing support for the stock market’s growth.
Furthermore, the discussion touched upon the advantages that would attract more reputable companies to participate in the stock market, fostering a dynamic marketplace. The leaders underscored the need for a vibrant stock market as a crucial element for the nation’s economic progress.
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.
