Stocks
Desh Insurance ranked top gainers in DSE
Desh General Insurance Ltd ranked top ten gainers on Dhaka Stock Exchange, DSE today, November 2, the share price increased by 3 taka 90 paisa or 10pc. On this day, the share was last traded at 42 taka 90 paisa.
This information is known from DSE sources.
According to the data, the firm traded 29 lakh 68 thousand 808 shares in 1 thousand 395 times whose market value is 2=1 hundred 56 crore.
2nd on the list is Lub-rref (Bangladesh) Ltd. Today the price of the company’s share price increased by 4 taka 30 paisa or 9.93pc. The share was last traded at 47 taka 60 paisa. According to the sources, the company traded 16 lakh 88 thousand 808 shares in 506 times whose market value is 6 hundred 89 crore 90 lakh.
And the 3rd on the list is Navana Pharmaceuticals Limited. Today the company share price has increased by 9 taka or 9.92pc. The share was last traded at 99 takas 70 paisa. According to the data, the company traded 41 lakh 78 thousand 244 shares in 22 thousand 218 times whose market value is 9 hundred 74 crore 26 lakh.
Other companies on the gainer list are Genex Infosys Ltd, Eastern Housing Ltd, Asia Insurance Ltd, Chartered Life Insurance Company Ltd, Purabi Gen. Insurance Company Ltd, Crystal Insurance Company Ltd & ADN Telecom Ltd.
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One of the Listed companies, AB Bank PLC has recommended 2% Bonus Dividend for the year ended December 31, 2023.
In terms of financial performance, The Company has also reported Consolidated EPS of Tk. 1.02 for the year ended December 31, 2023. NAV per share of Tk. 29.58 paisa.
The Annual General Meeting (AGM) of the company will be held on June 12, through the digital platform. The record date for this has been fixed at May 26.
Q1 Financials: The company’s Consolidated earnings per share EPS was Tk. 0.12 for January – March 2024 as against Consolidated EPS of Tk 0.13 (restated) for January – March 2023. As of March 31, 2024, Consolidated net asset value (NAVPS) was Tk 29.67 paisa.
The review of the U.S. stock markets highlights a mixed performance across different indices during the week. While the Nasdaq Composite recorded a significant hike, reaching a closing value of 16,156 points, the S&P 500 index showed a negative trend despite adding 28 points.
Conversely, the DJIA Index experienced a notable hike, concluding at 38,675 points after a week of gains. The Russell 3000 Index saw a modest gain, while the Russell 2000 Index demonstrated a notable increase. Overall, the week witnessed varied movements in the stock market, with certain indices showing resilience and others experiencing fluctuations.
Reviewing the U.S. Stock Markets, the Nasdaq Composite, recorded a decent hike of 229 points, reaching a closing value of 16,156 points by the end of the week. Similarly, the S&P 500 index showed a negative trend, adding 28 points to settle at 5,127 points. Meanwhile, DJIA Index experienced a notable hike, adding 436 points during the week and concluding at 38,675 points after a week of gain.
In contrast, Russell 3000 Index saw a gain in week performance, with a slight hike of 18 points to reach 2,934 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable gain of 33 points, ending the week at 2,035 points.
In the Outgoing week, the European stock market displayed a losing 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 slight drops of 2.45 points to close at 505.53.
The United Kingdom’s FTSE 100, one of the most widely followed indices in Europe, also showed a significant surge, adding 74 points or finishing the session at 8,213.
In Germany, the DAX 30 index, losing by 160 points to reach 18,001, while France’s CAC 40 decreased by 131 points to stop at 7,957 at the end of the trading day.
Italy’s FTSE MIB, which covers the top 40 stocks traded on the Milan Stock Exchange, decreased by 620 points to 33,629. However, Spain’s IBEX 35, fell by 300 points, to close at 10,854.
