Stocks
Prime Bank Securities welcomes Moniruzzaman as new MD, CEO
Prime Bank Securities Limited, a prominent stock brokerage company, is pleased to announce the appointment of Md Moniruzzaman, CFA, as the new Managing Director (MD) & Chief Executive Officer (CEO) of the organization, effective from May 14, 2023. Joining the Prime Bank family with the equivalent rank of Deputy Managing Director (DMD), Mr. Moniruzzaman will also undertake any assigned responsibilities related to capital market businesses.
With his extensive experience in the Capital Market, Mr. Moniruzzaman, CFA brings a wealth of knowledge and strategic leadership to Prime Bank Securities Limited. This appointment signifies the company’s strong commitment to driving innovation, fostering growth, and delivering value to stakeholders as it enters an exciting new phase.
Previously, Mr. Md Moniruzzaman served as the Managing Director of IDLC Investments Limited for over 13 years. Prior to that, he held various roles at Citigroup. With his professional affiliations, including Vice President of Bangladesh Merchant Bankers Association and Vice President of CFA Society Bangladesh, as well as being a Member of CSE Investors’ Protection Fund Trustee Board, Mr. Moniruzzaman’s visionary leadership and expertise in the financial industry, particularly in the Capital Market of Bangladesh, will guide the company towards new opportunities. He is recognized for his ability to build high-performance teams, cultivate strong partnerships, and drive operational excellence.
The appointment of Mr. Md Moniruzzaman, CFA, is greeted with delight by Prime Bank Securities Limited. His combined expertise, leadership, and passion make him the perfect individual to drive the company forward. With confidence in his guidance, Prime Bank Securities Limited is expected to continue excelling and achieving new milestones.
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
One of the Listed companies, National Polymer Limited has recommended 10.50% Cash Dividend for the year ended June 30, 2024.
It has reported Consolidated EPS of Tk 2.27 paisa, and Consolidated NAV per share of Tk 30.63 for the year ended March 31, 2024.
The Annual General Meeting (AGM) of the company will be held on December 18, through the digital platform. The record date for this has been fixed at October 22.
The Company also discloses its financial reports for the second quarter, (April – June 24).
As per the company’s consolidated life revenue account for April to June 2024, the excess of total income over total expenses, including claims (surplus), stood at Tk 1,394.24 million. This marks a significant increase from the surplus of Tk 823.68 million during the same period in 2023.
For the first half of 2024, from January to June, the company reported a surplus of Tk 2,177.57 million, compared to Tk 1,290.39 million in the corresponding period of the previous year.
Additionally, the Life Insurance Fund balance as of June 30, 2024, reached Tk 55,188.62 million, showing a net increase of Tk 5,892.25 million from Tk 49,296.37 million on June 30, 2023.
One of the Listed companies, Beacon Pharmaceuticals PLC has recommended 20% Cash dividend and 10% Cash Dividend to Sponsor Shareholder and Directors for the year ended June 30, 2024.
It has reported EPS of Tk 2.26 paisa, and NAV per share of Tk. 26.37 for the year ended June 30, 2024.
The Annual General Meeting (AGM) of the company will be held on December 23, through the digital platform. The record date for this has been fixed at October 27.
