Stocks
“We are optimistic about the stock market”
We are optimistic about the stock market of the country. Companies listed in the country pay more taxes. For this, good companies should be listed with incentives. Professor Abu Ahmed commented that the stock market will move forward if everyone, including the media, is united.
He said these things at a round table meeting titled ‘Stock Market Present and Future’ organized by BMBA and Capital Market Journalists Forum (CMJF) at a hotel in the capital on Saturday, September 17. Stock Market regulatory body Bangladesh Securities and Exchange Commission (BSEC) Chairman Professor Shibli Rubayat-Ul-Islam was present as the chief guest at the meeting.
It was presided over by BMBA President Chhaydur Rahman. CMJF president Ziaur Rahman presided over the program. BMBA Senior Vice President Md. Moniruzzaman CFA presented the keynote.
Stock market analyst Prof. Abu Ahmed said that there is hope and despair in our market. Although there is a need to attract good companies to this market, the tax rate gap between listed companies and unlisted companies is discouraged. It is not the right policy of the government.
Abu Ahmed believes that institutional investors should be given quota benefits to large investors in IPO.
BMBA president said that not all people of the country will come to the stock market. Only those who understand stock market investment will come. Investors will face loss if they invest in the stock market without understanding.
He said that the economy of the country will be dynamic through investment in the stock market. Apart from this, government revenue will increase along with employment generation. Investors need to think about things related to their thinking. Then we will see a better capital market in the future.
He also said that the tax rate difference between listed and unlisted companies was 10pc earlier. Now bringing this difference to 7.5pc. This difference needs to be made bigger. We are thinking about improving the overall economy.
Former chairman of BSEC Khairul Hossain said that every mutual fund has given cash dividends. Mutual funds will gain 25pc growth this year. Good companies should be brought to the stock market. If we can convert 4 lakh mutual funds into 10 lakh then investment will increase.
Participating in the meeting as a negotiator – Capital Market Stability Fund Chairman and former Secretary General Najibur Rahman, National Board of Revenue (NBR) member Md. Zahid Hasan, BSEC former chairman Faruq Ahmed Siddiqi, BSEC former chairman Professor Dr. Khairul Hossain, Chairman of Dhaka Stock Exchange Yunusur Rahman, Chairman of Chittagong Stock Exchange Asif Ibrahim, Executive Director of Bangladesh Bank Dr. Ejazul Islam, Economist Professor Abu Ahmed, Professor of Economics Department of Dhaka University. Mohammad Helal, Associate Professor of Accounting Department of Dhaka University Md Al-Amin, President of DSE Brokers Association Richard D-Rosario, President of CFA Society Shaheen Iqbal, President of Association of Asset Management Companies and Fund Dr. Hasan Imam, President of Institute of Cost and Management Accountants Bangladesh (ICMAB) Mamunur Rashid FCMA, President of Institute of Chartered Secretaries Bangladesh (ICSB) Mozaffar Ahmed, FCMA FCS and Council Member of Institute of Chartered Accountants Bangladesh (ICAB) Gopal Chandra Ghosh.
Dhaka Stock Exchange DSE, Bourse on the second working day of the week, 20th May, ended with a drop in Indices and gain in Turnover from the previous working session. This information is known from DSE sources.
Today, DSEX stops at 5,393 points, marking its lowest record in approximately 39 months since February 24, 2021, when it was at 5,385 points. Additionally the Indices marked 6th day losing streak.
561 crore 21 lakh taka shares were traded on this day. 152 crore 2 lakh more tradings were done in DSE today compared to the previous workday, 19th May , Shares worth Tk 409 crores 18 lakh shares were traded last time, Sunday
The benchmark DSEX lost 37.62 points or 5,393 The Shariah-based index DSES dropped 10.88 points or 1,180, and the blue-chip index DS30 decreased by 9.55 points or 1,938.
Of the issues traded, 81 advanced, 238 declined and 30 remained unchanged.
Orion Pharma Limited ranked top gainer on DSE, the share price increased by Tk 6.80 paisa or 9.81 percent. On this day, the share was last traded at Tk 76.10 paisa.
eGeneration Limited ranked top loser on the DSE, the share price dropped by Tk 1.50 paisa or 3.00 percent. On this day, the share was last traded at Tk 48.60 paisa.
DSE topped on trade is Orion Pharma Limited 41 crore 45 lakh takas of company shares have been traded.
A total of 42 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 46 lakh 41 thousand 807 shares of the companies were traded. The financial value of which is 31 crore 87 lakh taka
One of the listed companies, Provati Insurance Company Limited discloses its financial reports for the first quarter, (January – March 24).
The company’s earnings per share (EPS) was Tk 0.55 paisa in Q1 of the current financial year (January – March 24). EPS was Tk 0.73 (restated) 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 Tk 21.56.
One of the listed companies, Delta Life Insurance Company Limited, discloses its financial reports for the first quarter, second quarter. This source is known from DSE.
Q1: The company’s consolidated life revenue account for January to March 2022 shows significant growth and increased activity in its life insurance segment.
As of March 31, 2022, the balance of the Life Insurance Fund stood at 39,447.09 million taka. This marks an increase from 38,669.99 million taka recorded on March 31, 2021, resulting in a net growth of 777.10 million taka over the year.
The company also reported a substantial rise in net premium income for the first quarter of 2022. Net premiums collected from January to March 2022 amounted to 1,534.55 million taka, compared to 1,277.77 million taka during the same period in 2021.
However, the company experienced a rise in total expenses for the first quarter of 2022. Expenses reached 2,624.33 million taka, up from 2,137.90 million taka during the same period in 2021.
Q2: According to the company’s consolidated life revenue account for the half year ending June 30, 2022, the Life Insurance Fund grew significantly. The balance of the fund was 39,757.84 million taka as of June 30, 2022, compared to 38,752.46 million taka on March 31, 2021, resulting in a net increase of 1,005.38 million taka.
Net premiums collected from April to June 2022 were 2,042.16 million taka, up from 1,549.95 million taka during the same period in 2021, showing a healthy increase in premium income.
Total expenses for April to June 2022 were 2,523.06 million taka, compared to 2,282.25 million taka during the same period in 2021. This rise in expenses reflects the company’s expanded operations and investments.
Q3: According to the company’s consolidated life revenue account for the third quarter ending September 30, 2022, the Life Insurance Fund showed significant growth. The balance was 39,908.687 million taka as of September 30, 2022, compared to 38,745.166 million taka on September 30, 2021, marking a net increase of 1,163.521 million taka.
Net premiums collected during July-September 2022 were 1,751.352 million taka, up from 1,665.650 million taka in the same period in 2021, indicating an increase in premium income.
Total expenses for July-September 2022 were 2,289.415 million taka, down from 2,493.825 million taka during the same period in 2021. This decrease in expenses reflects improved cost management.
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