Stocks
Brokerage House including BSEC, Listed Companies Host Meeting with South African Delegation
Following a successful road show in South Africa, the inaugural business delegation from the nation has arrived in Bangladesh. The South African businessmen convened this meeting to fortify investment and trade ties with Bangladesh. Notably, discussions were held with representatives from the Bangladesh Securities and Exchange Commission, as well as various companies involved in the capital market and brokerage houses of the stock market.
During these engagements, representatives from the participating companies shared valuable insights on the investment potential and opportunities in Bangladesh. On Tuesday, March 12, the South African business delegation initiated their visit with a joint meeting organized by the Bangladesh Securities and Exchange Commission (BSEC) and the Bangladesh Investment Development Authority (BIDA) at the BSEC Multipurpose Hall. Subsequent meetings took place at a prestigious five-star hotel in the capital, further solidifying the collaboration between the two countries.
According to sources, Nokuthula Ndlovu, the President of the Indian Ocean Rim Association’s Business Forum (IORA-BF), led a delegation of South African business representatives at a meeting. The event saw the participation of prominent figures, including Salman F Rahman, the Private Sector Industry and Investment Advisor to the Prime Minister, Professor Shibli Rubayat Ul Islam, Chairman of the Bangladesh Securities and Exchange Commission (BSEC), Commissioners Sheikh Samsuddin Ahmed, Abdul Halim, Dr. Mizanur Rahman, and Dr. Rumana Haque. The meeting, attended by representatives from various Bangladeshi business groups, also included officials from BEZA, BEPZA, Bangladesh High-Tech Park Authority, the Ministry of Commerce, and the Ministry of Foreign Affairs.
According to sources, the meeting witnessed the participation of representatives from prominent companies associated with the CApital Market. Among them were BD Thai Aluminum, Gemini Sea Food, Walton Group, Nahi Aluminum Composite Panel, BBS Cables, Pran Agro, ACI Agro, Square Food and Beverage, Meghna Group, and the directors of Partex Cables.
Additionally, brokerage houses, including City Brokers, UCB Stock Brokers, Brac EPL Stock Brokers, and top executives from LankaBangla Securities, actively took part in the discussions. Business organizations such as FBCCI, BGMEA, BASIS, BKMEA, and representatives from BGMEA University and BUTEX also joined the event.
The participants discussed the potential and opportunities for business, trade, and investment in Bangladesh during the meeting. This reflects the keen interest of the companies in both countries in exploring the extensive possibilities for foreign business and trade expansion in Bangladesh.
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.
