Stocks
Trades Controversial in Bourses, Difference in Data
Bourses, Dhaka Stock Exchange, today noticed irregularities in the trades. There is a big difference between the trading platform and the information provided on the website of the bourse, and that brings new controversy about the trades in DSE. This information is known from their related sources.
According to their sources, trading in Dhaka Stock Exchange (DSE) was stopped at 10:58 am on Monday, October 24, due to a technical error. Lately, DSE resumed trading for only 20 minutes from 2:10 PM to 2:30 PM. After the trade, Dhaka Stock Exchange has given the wrong data about the transaction on its website.
Sources told Orthosongbad, that the wrong data was found on the website of the Dhaka Stock Exchange on Monday. According to the data given on the website of DSE, 334 crores 76 lakh takas have been tarded today. They say that there is no match between the trading platform and the information given on DSE’s website.
The investigation showed that the amount of trading on the website of Dhaka Stock Exchange is Tk 334 crore 76 lakh, but the amount of transactions on the trading platform is more.
Related sources told Orthosongbad that the trading platform of DSE today showed the amount of Tk 554 crores. Which is Tk 219 crore 29 lakh more than the data given on their website.
Also, a total of 1 lakh 43 thousand 872 shares of Metro Spinning Mills has been traded, it has been published on the Dhaka Stock Exchange website. On the other hand, the number of Metro Spinning shares traded on the trading platform is 2 lakh 19 thousand 355. Investors question which information is correct. Hence, the share price of the company is shown at 44 taka 80 paisa on both platforms.
Investors are conflicted because of the two types of information on the two platforms. They say the trading platform and DSE’s websites provide different information that causes the conflicts.
As usual, the trading data are updated on the Dhaka Stock Exchange website based on the trading platform information. Hence, there is a big difference in the data of the trading platform and the information of the DSE, the market stakeholders consider Monday’s trading questionable.
The information given on the trading platform shows a transaction of Tk 554 crore. But when the technical glitch occurred in DSE, the transaction till then was slightly more than 200 crores. And after fixing the technical error, it is possible to transact about 300 crore takas in just 15 minutes from 2:10 pm to 2:25 pm, the question remains in the minds of those who were concerned.
When asked to know about the issues, Dhaka Stock Exchange Public Relations Department Officer Deputy General Manager Shafiqur Rahman told Orthosongbad that Tk 334 crore 76 lakh was traded in DSE today. The information provided on the website is correct.
In response to the question of why the transaction amount of Tk 554 crore is being shown on the trading platform, the official of DSE said that he does not know about the transaction of the trading platform, he has to find it out.
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Major General Mohammad Quamruzzaman (retd) has stepped down from his role as an independent director of the board of the Dhaka Stock Exchange, citing personal reasons.
He also served as a member of the DSE’s Nomination and Remuneration Committee (NRC).
Quamruzzaman was appointed to the DSE board on 1 September 2024, following the fall of the Awami League-led government. After serving for nearly one year and nine months, he submitted his resignation on Saturday (24 May).
Speaking to Quamruzzaman confirmed his resignation, saying, “Yes, I have resigned as an independent director for personal reasons.”
Md Shafiqur Rahman, Deputy General Manager of Public Relations and Publications at the DSE, said Quamruzzaman submitted a resignation letter mentioning personal reasons behind his decision.
“The DSE board will now take a decision regarding the resignation,” Shafiqur Rahman said.
He also indicated that Quamruzzaman may be planning to join another company, which could have influenced his decision to resign.
Earlier, another independent director of the DSE board, Shahnaz Sultana, also resigned from her position. She was likewise a member of the NRC.
According to the DSE annual report, Shahnaz Sultana is the CEO and Chief Consultant of FINS Alliance Risk Advisory and Consultancy and has served as the Founder and Chairperson of the WE Global Women Foundation since 2020.
The Bangladesh Securities and Exchange Commission (BSEC) has today approved appointment of Ms. Nuzhat Anwar as the new Managing Director of Dhaka Stock Exchange PLC. (DSE).
Ms. Nuzhat Anwar brings over two decades of experience in financial markets, banking, and development finance. Prior to her appointment, she worked at the International Finance Corporation (IFC), the private sector arm of the World Bank Group, where she held multiple senior leadership roles across Africa and South Asia. Her positions included Resident Representative for Liberia and Sierra Leone, Senior Country Officer for Bangladesh covering Bangladesh, Bhutan, and Nepal, and acting Cluster Manager during the COVID-19 pandemic and the subsequent transition period.
Ms. Anwar also served as an IFC Country Officer in Botswana and Namibia, where she played a key role in establishing IFC’s presence in Gaborone and advancing a sustainable investment program, including IFC’s first investment in Botswana. She offers deep expertise in capital management, treasury and liquidity, transaction services, portfolio optimization, and market advocacy. Earlier in her career, she spent 16 years with Citibank Bangladesh and Standard Chartered Bank Bangladesh in various senior management roles.
Ms. Anwar holds a Master’s degree in Commerce (Finance) from the University of Dhaka.
On her appointment as the Managing Director of DSE, the Chairman of the Board of DSE Mr. Mominul Islam said, “We are pleased to receive the approval of BSEC for appointment of Ms. Anwar as the new Managing Director. Over the last one year the NRC and Board of have worked hard to recruit a competent leader as the MD of DSE. We are confident that Ms. Anwar, with her excellent leadership trait, vast experience in the financial sector in home and abroad and deep passion for transformation in the Capital Market of the Country, is the right candidate to lead DSE in the days ahead. Now, we will complete the internal processes to onboard Ms. Anwar at soonest.”
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
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