Stocks
DSEX Slams 266 points in 10 Working Days, Over 300 Companies Stock Price Slump: DSE Insights
Dhaka Stock Exchange DSE, Bourse on the third working day of the week, March 12th, ended with a Massive Drop in Index and Turnover from the previous working session. This information is known from DSE sources.
On February 27th, Tuesday, the DSEX index stood at 6272 points. However, as of March 12th, Monday, the DSEX points have experienced a decline to 6006 points, reflecting a decrease of 266 points over the course of 10 working days. The DSEX index records the performance of 250 companies. At the close of today’s market, there were 194 issues that experienced a decline, 41 issues showed advancement, and 15 issues remained unchanged.
563 crore 53 lakh taka shares were traded on this day. 190 crore 61 lahks less tradings were done in DSE today compared to the previous workday, 11 March, Shares worth Tk 754 crores 14 lakh shares were traded last time, Monday.
The benchmark DSEX lost 51.51 points or 6,006 The Shariah-based index DSES dropped 12.74 points or 1,309, and the blue-chip index DS30 decreased by 12.04 points or 2,063.
Of the issues traded, 45 advanced, 308 declined and 45 remained unchanged.
Asiatic Laboratories Limited ranked top gainer on DSE, the share price increased by Tk 2.90 paisa or 9.93 percent. On this day, the share was last traded at Tk 32.10 paisa.
Kattali Textile Limited ranked top loser on the DSE, the share price dropped by Tk 1.80 paisa or 8.87 percent. On this day, the share was last traded at Tk 18.50 paisa.
DSE topped on trade is SS Steel Limited 32 crore 50 lakh takas of shares of the company have been traded.
A total of 38 companies’ shares were traded in the Block on the Dhaka Stock Exchange, 50 lakh 84 thousand 872 shares of the companies were traded. The financial value of which is 22 crore 54 lakh taka.
Dhaka Stock Exchange DSE, Bourse on the first working day of the week, 12th May, ended with a drop in Indices and hike in Turnover from the previous working session. This information is known from DSE sources.
985 crore 88 lakh taka shares were traded on this day. 74 crore 50 lakh more tradings were done in DSE today compared to the previous workday, 9th May , Shares worth Tk 911 crores 37 lakh shares were traded last time, Thursday.
The benchmark DSEX added 35.67 points or 5,696 The Shariah-based index DSES gained 7.89 points or 1,250, and the blue-chip index DS30 increased by 11.36 points or 2,026.
Of the issues traded, 93 advanced, 258 declined and 41 remained unchanged.
Padma Life Insurance Limited ranked top gainer on DSE, the share price increased by Tk 2.50 paisa or 10 percent. On this day, the share was last traded at Tk 27.50 paisa. Also Trust Islami Life Insurance ranked top gainer on DSE, the share price increased by Tk 4.40 paisa or 10 percent. On this day, the share was last traded at Tk 48.40 paisa
GQ Ballpen Industries Limited ranked top loser on the DSE, the share price dropped by Tk 4.3 paisa or 2.99 percent. On this day, the share was last traded at Tk 139.20 paisa.
DSE topped on trade is Asiatic Laboratories Limited 47 crore 6 lakh takas of company shares have been traded.
A total of 47 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 66 lakh 66 thousand 55 shares of the companies were traded. The financial value of which is 41 crore 29 lakh taka
The Dhaka Stock Exchange (DSE) and the DSE Brokers Association (DBA) have expressed gratitude towards Prime Minister Sheikh Hasina for her directive to list government companies in the capital market, a move hailed as timely and positive.
The directive was issued during the recent meeting of the Executive Committee of the National Economic Council (Ecnec) last Thursday.
Dr. Hafiz Muhammad Hasan Babu, Chairman of DSE, described the directive as a significant step towards enhancing the dynamics of the capital market. He emphasized that besides invigorating the capital market, this move would also attract foreign investment and promote sustainable development.
Despite previous efforts, government institutions had not been listed in the stock exchange, according to a notification issued by the DSE. The Prime Minister’s directive is seen as a pivotal step towards revitalizing and expanding the economy.
Dr. Babu further remarked, “The listing of reputable companies in the capital market, as directed by the Prime Minister, will greatly benefit the country’s economy. It will also enhance investor confidence.”
Similarly, the DBA released a notification applauding the Prime Minister’s directive, terming it as positive and timely for the capital market.
Saiful Islam, President of DBA, expressed optimism about the directive’s potential to accelerate the country’s capital market and overall economy. He pledged support to relevant government departments and regulatory bodies in implementing the directive, ensuring its positive impact on the economy, including the capital market.
One of the listed companies, Phoenix Insurance Company Limited discloses its financial reports for the first quarter, (January – March 24).
The company’s earnings per share (EPS) was Tk 0.48 paisa in Q1 of the current financial year (January – March 24). EPS was Tk 0.67 paisa during the same period last year. As of March 31, 2024, at the end of the first quarter of the fiscal year, the company’s net asset value (NAV) per share stood at Tk 35.27.
