Stocks
Islamic Finance Dissapoints Investors after Disclosing Q1 Finacials & DIvidends
One of the Listed companies, Islamic Finance & Investment Limited has recommended No Dividend for the year ended December 31, 2023.
In terms of financial performance, The Company has also reported EPS loss of Tk. 1.64 for the year ended December 31, 2023. NAV per share of Tk. 12.42.
The Annual General Meeting (AGM) of the company will be held on August 22, through the digital platform. The record date for this has been fixed at July 28.
Q1 Financials: The company’s earnings per share (EPS) was loss Tk 1.62 paisa in Q1 of the current financial year (January – March 24). EPS was Tk 0.06 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 loss Tk 10.80.
Reviewing the U.S. Stock Markets, the Nasdaq Composite, recorded a decent hike of 620 points, reaching a closing value of 18,352 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, gaining 107 point to settle at 5,567 points. Meanwhile, DJIA Index experienced a notable hike, adding 225 points during the week and concluding at 39,375 points after a week of gaining.
In contrast, Russell 3000 Index saw a gain in week performance, with a slight hike of 51 points to reach 3,150 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable drop of 21 points, ending the week at 2,026 points.
In the Outgoing week, the European stock market displayed a gaining 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 gain of 5.18 points to close at 516.60.
The United Kingdom’s FTSE 100, one of the most widely followed indices in Europe, also showed a significant hike, adding 39 points or finishing the session at 8,203.
In Germany, the DAX 30 index, added by 240 points to reach 18,475, while France’s CAC 159 increased by 196 points to stop at 7,675 at the end of the trading day.
Italy’s FTSE MIB, which covers the top 40 stocks traded on the Milan Stock Exchange, increased by 833 points to 33,987. However, Spain’s IBEX 35, added by 80 points, to close at 11,023.
A review of South Asian stock markets shows that India’s Bombay Stock Exchange (BSE) index BSE Sensex has added 964 points during the week. At the end of the week, the index stood at 79,996 points. On the other hand, the Nifty-50 index of the country’s National Stock Exchange gained by 313 points last week. At the end of the week, the index stood at 24,323 points.
Pakistan Stock Exchange Index ‘KSE 100’, shed 194 points last week. After a week of losing, the index settled at 78.863 points.
On the other hand, The Sri Lankan stock market index adds, and the Colombo Stock Exchange index ‘ASPI’ decreased by 124 points in a week. After a week the index settled at 11,947 points.
Bhutan’s stock market index ‘BSI’ lost 15 points hence the index stood at 1,520 points throughout the whole week. Nepal’s ‘NEPSE’ added 68 points, therefore the index stands at 2,119 points.
Hence Dhaka Stock Exchange: The benchmark index ‘DSEX’ gained by 142.15 points or 2.65 percent, in the outgoing week. At the end of the week, the index stands at 5,497 points.
