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BGMEA, KOFOTI Signs to Promote Trade & Investment

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BGMEA

BGMEA, The Bangladesh Garment Manufacturers and Exporters Association, signed a memorandum of understanding, MoU with the Korea Federation of Textile Industries, KOFOTI, to promote trade & investment, particularly in the apparel and textile industries, of both countries.

The MoU includes more cooperation in the areas of exchange of information and discussion of trade issues between Bangladesh and South Korea.

The collaboration also seeks to promote direct or joint venture investments from South Korea to Bangladesh in non-cotton textiles, high-end garment items, woven textiles and garments, skills development and innovation.

BGMEA President Faruque Hassan and KOFOTI Chairman Sang Woon Lee signed the MoU in South Korea’s Seoul Monday, 24 October.

“South Korea is one of the emerging markets for Bangladesh in the East Asian region. As we have identified innovation, diversification and technological up-gradation as the key strategic priorities for our future growth, a collaboration between Bangladesh and South Korea is crucial,” Faruque said.

BGMEA Vice-President Shahidullah Azim, Director Asif Ashraf, Korea Trade-Investment Promotion Agency Director General Jong Won Kim, Korea Fashion Industry Association Vice-President Kim Sung Chan, KOFOTI Executive Vice-Chairman Soyoung JOO, Korea Textile Trade Association General Director Jung-kee Lee, DBL Group Managing Director of MA Jabbar and Hams Group Managing Director Md Shafiqur Rahman were also present.

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Indices Bumps Up Amid Gushy Turnover

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stock market dse dhaka bourse indices turnover

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

710 crore 62 lakh taka shares were traded on this day. 125 crore 9 lakh more tradings were done in DSE today compared to the previous workday, 30th April , Shares worth Tk 835 crores 72 lakh shares were traded last time, Tuesday.

The benchmark DSEX added 30.99 points or 5,615 The Shariah-based index DSES gained 4.92 points or 1,232, and the blue-chip index DS30 increased by 12.55 points or 2,007.

Of the issues traded, 207 advanced, 140 declined and 48 remained unchanged.

Sinobangla Industries Limited ranked top gainer on DSE, the share price increased by Tk 4.00 paisa or 9.95 percent. On this day, the share was last traded at Tk 44.20 paisa.

Rupali Bank PLC ranked top loser on the DSE, the share price dropped by Tk 4.10 paisa or 15.07 percent. On this day, the share was last traded at Tk 23.10 paisa.

DSE topped on trade is Sonali Aansh Limited 63 crore 49 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 67 lakh 76 thousand 965 shares of the companies were traded. The financial value of which is 70 crore 01 lakh taka

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8 Mutual Funds Reports EPS Losses in Q3

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mutual fund

8 listed mutual funds disclose their financial reports for the third quarter, (January – March 24). This information is known from DSE sources.

 

SEML FBLSL Growth Fund: earnings per unit (EPU) loss Tk 0.74 paisa in Q3 of the current financial year (January – March 24). EPU was Tk 0.08 paisa during the same period last year.  NAV per unit at Market Price was Tk. 9.35 as of March 31, 2024 & NAV per unit at Cost Price was Tk. 10.50 as of March 31, 2024.

 

SEML Lecture Equity Management Fund: earnings per unit (EPU) loss Tk 0.55 paisa in Q3 of the current financial year (January – March 24). EPU was Tk 0.11 paisa during the same period last year.  NAV per unit at Market Price was Tk. 9.47 as of March 31, 2024 & NAV per unit at Cost Price was Tk. 11.12 as of March 31, 2024.

 

AB Bank 1st Mutual Fund: earnings per unit (EPU) loss Tk 1.24 paisa in Q3 of the current financial year (January – March 24). EPU was Tk 0.04 paisa during the same period last year.  NAV per unit at Market Price was Tk. 8.87 as of March 31, 2024 & NAV per unit at Cost Price was Tk. 11.22 as of March 31, 2024.

 

Popular Life First Mutual Fund: earnings per unit (EPU) loss Tk 1.55 paisa in Q3 of the current financial year (January – March 24). EPU was Tk 0.04 paisa during the same period last year.  NAV per unit at Market Price was Tk. 8.49 as of March 31, 2024 & NAV per unit at Cost Price was Tk. 10.98 as of March 31, 2024.

 

EBL NRB Mutual Fund: earnings per unit (EPU) loss Tk 1.50 paisa in Q3 of the current financial year (January – March 24). EPU was Tk 0.05 paisa during the same period last year.  NAV per unit at Market Price was Tk. 8.67 as of March 31, 2024 & NAV per unit at Cost Price was Tk. 10.97 as of March 31, 2024.

 

PHP First Mutual Fund: earnings per unit (EPU) loss Tk 1.50 paisa in Q3 of the current financial year (January – March 24). EPU was Tk 0.02 paisa during the same period last year.  NAV per unit at Market Price was Tk. 8.54 as of March 31, 2024 & NAV per unit at Cost Price was Tk. 10.93 as of March 31, 2024.

 

Green Delta Mutual Fund: earnings per unit (EPU) loss Tk 0.94 paisa in Q3 of the current financial year (January – March 24). EPU was loss Tk 0.02 paisa during the same period last year.  NAV per unit at Market Price was Tk. 9.06 as of March 31, 2024 & NAV per unit at Cost Price was Tk. 10.33 as of March 31, 2024.

 

DBH First Mutual Fund: earnings per unit (EPU) loss Tk 1.07 paisa in Q3 of the current financial year (January – March 24). EPU was loss Tk 0.018 paisa during the same period last year.  NAV per unit at Market Price was Tk. 8.92 as of March 31, 2024 & NAV per unit at Cost Price was Tk. 10.19 as of March 31, 2024.

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Standard Bank Discloses their Dividend

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Standard Bank

One of the Listed companies, Standard Bank PLC has recommended 2.5% Cash Dividend & 2.5% stock Dividend for the year ended December 31, 2023.

In terms of financial performance, The Company has also reported Consolidated EPS  of Tk. 1.27 for the year ended December 31, 2023. NAV per share of Tk. 16.93 paisa.

The Annual General Meeting (AGM) of the company will be held on July 29, through the digital platform. The record date for this has been fixed at June 11.

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