Eight sponsors and directors of Yeakin Polymer Limited, a company listed in the engineering sector of the stock market, have announced the transfer of 2 crore 6 lakh 32 thousand 330 shares.

This information has been disclosed by the Dhaka Stock Exchange (DSE).

According to sources, the Eight sponsors and directors are Director Quazi Anwarul Haque, Corporate Director Yeakin Agro Products, Sponsor SK. Jamil Hossain, Corporate Sponsor Satkhira Feed Industries, Director S.M. Akter Kabir, Maliha Parvin & Julia Pervin & Subrina Samsad

Among them, Quazi Anwarul Haque will transfer 27 lakh 13 thousand 108 shares and Yeakin Agro Products will transfer 28 lakh 23 thousand 39 shares to Chaklader Rezaunul Alam. SK. Jamil Hossain will transfer 14 lakh 75 thousand 481 shares to Didarul Alam. Satkhira Feed Industries will transfer 52 lakh 46 thousand 356 shares and S.M. Akter Kabir will transfer 17 lakh 48 thousand 785 shares to Kapita Packaging Solutions Limited. Maliha Parvin will transfer 15 lakh 73 thousand 406 shares to Mohammad Harunor Rashid. Julia Pervin will transfer 13 lakh 81 thousand 75 shares to Mohammad Harunor Rashid. Subrina Samsad will transfer 33 lakh 85 thousand 771 shares to Mohammad Harunor Rashid. These transfers are scheduled to be completed by July 15.

According to the regulatory body, the Bangladesh Securities and Exchange Commission (BSEC), these shares will be transferred as gifts outside of regular trading activities.

Asian equities rose and the dollar slipped further on Thursday as investors welcomed more data pointing to a softening labour market that gives the Federal Reserve room to cut interest rates, with another key jobs report due later in the day.

The advances tracked another record on Wall Street on a holiday-shortened day, while national elections in Britain and France are also on the radar over the next few days.

After a recent poor run for stocks, the mood on trading floors has lightened this week thanks to figures indicating the US labour market was tightening and inflation retreating.

On Wednesday, figures showed the private sector created fewer jobs than expected last month, while first-time and continuing claims for jobless benefits also topped forecasts.

Also, a survey showed services sector activity contracted in June at the fastest pace in four years.

That all came after news Friday that the personal consumption expenditures (PCE) index — the Fed’s preferred gauge of prices — had dipped further in May.

Adding to the feel-good factor were comments this week from Fed chief Jerome Powell, who said the battle against inflation had made “progress” and “substantial” work had been done on softening the labour market.

Markets are pricing in nearly two rate reductions this year, starting in November.

Still, minutes from the central bank’s June policy meeting showed officials remained cautious about cutting too soon and wanted to see more evidence prices were under control.

While inflation remains sticky and is tempering expectations, softening data in May “adds to our growing confidence that price rises won’t reaccelerate from here”, said Henk-Jan Rikkerink, of Fidelity International.

“The range of outcomes when it comes to the magnitude of potential rate cuts by the Fed have narrowed significantly since the start of the year.

“We think that the bar for the cutting cycle to start remains high but recent progress on the inflation front has been encouraging.”

On Wall Street, the Dow ended slightly lower, but the S&P 500 and Nasdaq chalked up more record highs.

And the gains filtered through to most of Asia, with Tokyo, Hong Kong, Sydney, Seoul, Taipei, Manila and Jakarta ascending.

Shanghai, however, bucked the trend again, with traders still on edge about the state of the world’s number two economy.

Zhiwei Zhang at Pinpoint Asset Management warned “people don’t have strong confidence in economic outlook. Stronger policy support would help, from both monetary and fiscal fronts. China has a high real interest rate and a conservative fiscal policy stance for now”.

And Capital Economics’ Thomas Mathews said there were concerns among Chinese investors domestically and globally, and while they could ease over time “Chinese equities seem set to go their own way for a while yet”.

The dollar dipped further against its major peers after the jobs readings, with the euro getting a little help from news that more than 200 centrist and left-wing candidates had pulled out of Sunday’s legislative election runoff in France in a bid to beat the far right.

President Emmanuel Macron hopes the move will unify the vote and thus block the far-right National Rally (RN) of Marine Le Pen from gaining power after it saw massive gains in the first round Sunday.

However, analysts warned that the country — the second biggest economy in the European Union — could be headed for a period of political deadlock if there is no overall winner in the polls.

The pound was enjoying support ahead of Thursday’s general election, which is expected to see the opposition Labour Party win a landslide against the ruling Conservatives after 14 years in government.

– Key figures around 0230 GMT –

Tokyo – Nikkei 225: UP 0.2 percent at 40,666.78 (break)

Hong Kong – Hang Seng Index: UP 0.2 percent at 18,015.49

Shanghai – Composite: DOWN 0.2 percent at 2,975.23

Euro/dollar: UP at $1.0792 from $1.0786 on Wednesday

Pound/dollar: UP at $1.2752 from $1.2737

Dollar/yen: DOWN at 161.37 yen from 161.52 yen

Euro/pound: DOWN at 84.63 pence from 84.65 pence

West Texas Intermediate: DOWN 0.5 percent at $83.47 per barrel

Brent North Sea Crude: DOWN 0.5 percent at $86.94 per barrel

New York – Dow: DOWN 0.1 percent at 39,308.00 (close)

London – FTSE 100: UP 0.6 percent at 8,171.12 (close)

Dhaka Stock Exchange DSE, Bourse on the third working day of the week, 2nd July, ended with a hike in Indices and Turnover from the previous working session. This information is known from DSE sources.

539 crore 27 lakh taka shares were traded on this day. 98 crore 64 lakh more tradings were done in DSE today compared to the previous workday, July 2nd, Shares worth Tk 440 crores 63 lakh shares were traded last time, Tuesday

The benchmark DSEX increased 33.65 points or 5,373 The Shariah-based index DSES added 8.81 points or 1,186 and the blue-chip index DS30 gained by 8.30 points or 1,912.

Of the issues traded, 241 advanced, 97 declined and 57 remained unchanged.

Khan Brothers PP Woven Bag Industries Limited ranked top gainer on DSE, the share price increased by Tk 9.60 paisa or 10.00 percent. On this day, the share was last traded at Tk 105.60 paisa.

Atlas Bangladesh Limited ranked top loser on the DSE, the share price dropped by Tk 2.10 paisa or 2.96 percent. On this day, the share was last traded at Tk 68.80 paisa.

DSE topped on trade is Beach Hatchery Limited 16 crore 24 lakh takas of company shares have been traded.

A total of 43 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 30 lakh 11 thousand 725 shares of the companies were traded. The financial value of which is 42 crore 14 lakh taka.