Stocks
BSEC-BIDA to hold investment conference in Japan
Bangladesh Securities and Exchange Commission (BSEC) and Bangladesh Investment Development Authority (BIDA) to hold an investment conference in Japan after the United Arab Emirates, US & UK.
The capital market regulatory body and BIDA want to hold this conference at the end of November this year.
On Tuesday, September 20, 2022, a tripartite meeting was held between the representatives of the Japanese Embassy in Dhaka, BIDA and BSEC at the Securities Commission Building in Agargaon of the capital.
BSEC Chairman Professor Shibli Rubayat Ul Islam presided over the meeting, Japanese Ambassador to Bangladesh Itu Naoki, BIDA Executive Chairman Md. Lokman Hossain Mia was present.
Also present, Commissioner of BSEC Md. Abdul Halim, Dr. Sheikh Shamsuddin Ahmed, Dr. Mizanur Rahman, Dr. Rumana Islam, Executive Director Mahbubul Alam, BIDA Director Md. Ariful Haque, Abul Khair Mohammad Hafizullah Khan, BSEC Director Kausar Ali, Joint Director Rashedul Alam and other Japanese Embassy officials were present.
It is known that the main purpose of this tripartite meeting is to strengthen the relationship between the two friendly countries (Bangladesh-Japan) and to formulate and implement a comprehensive plan. Besides, Japan’s hosting of the investment summit to be held in Japan at the end of November this year is confirmed.
According to several sources present at the meeting, various aspects of friendly relations with Japan were discussed. Besides, the embassy officials assured the BSEC and BIDA about increasing Japanese investment in Bangladesh and taking comprehensive measures regarding the investment conference to be held next November.
It should be noted that BSEC has previously held road shows in the United Arab Emirates in July last year, in the United States in September and in the UK in December. Through these conferences, the people concerned have been trying to present the picture of Bangladesh’s development to foreigners and expatriates and to attract foreign investment in the country.
Dhaka Stock Exchange DSE, Bourse on the fourth working day of the week, 8th May, ended with a drop in Indices and Turnover from the previous working session. This information is known from DSE sources.
869 crore 59 lakh taka shares were traded on this day. 238 crore 74 lakh less tradings were done in DSE today compared to the previous workday, 7th May , Shares worth Tk 1 thousand 108 crores 34 lakh shares were traded last time, Tuesday.
The benchmark DSEX lose 34.49 points or 5,690 The Shariah-based index DSES dropped 4.60 points or 1,250, and the blue-chip index DS30 decreased by 14.15 points or 2,026.
Of the issues traded, 94 advanced, 253 declined and 50 remained unchanged.
Far East Knitting & Dyeing, JMI Syringe & Medical Devices, Phoenix Finance 1st Mutual Fund ranked top gainer on DSE, the share price increased by Tk 1.80, Tk 15.90, Tk 0.70 paisa or 10.00 percent. On this day, the share was last traded at Tk 19.80, Tk 174.90, Tk 7.70 paisa.
Orion Infusion Ltd ranked top loser on the DSE, the share price dropped by Tk 19.90 paisa or 3 percent. On this day, the share was last traded at Tk 644.10 paisa.
DSE topped on trade is Far East Knitting & Dyeing Limited 35 crore 44 lakh takas of company shares have been traded.
A total of 35 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 44 lakh 48 thousand 430 shares of the companies were traded. The financial value of which is 47 crore 87 lakh taka
Dhaka Stock Exchange (DSE), the leading bourse in the country, is actively seeking collaboration with Nasdaq Stockholm AB, a Swedish stock exchange, to bolster its strategic and dynamic growth initiatives.
In a recent meeting with Nasdaq Stockholm President Adam Kostyal on Tuesday (7 May), DSE Chairman Prof Hafiz Muhammad Hasan Babu emphasized the importance of establishing a fruitful and enduring bilateral relationship with the Nordic stock exchange, as per a press statement from DSE.
During their discussion, Prof Hafiz provided an overview of various facets of Bangladesh’s capital market to Adam.
Since 2014, DSE has been leveraging Nasdaq OMX’s X-Treme iNet matching engine and Trapets AB’s InstantWatch market surveillance software, both based in Sweden, to modernize its trading infrastructure.
Additionally, the DSE chairman explored avenues for knowledge exchange, collaboration on product and technology advancement, market monitoring and surveillance enhancement, expansion of financial literacy initiatives, and facilitation of foreign investment.
He expressed confidence that with the cooperation of Nasdaq Stockholm, Bangladesh’s capital market will thrive.
The parties also deliberated on the prospect of formalizing their collaboration through a Memorandum of Understanding (MoU).
Furthermore, Prof Hafiz extended an invitation to Adam Kostyal to visit DSE at his convenience, which was positively received by the Nasdaq Stockholm president.
In another meeting, Prof Hafiz engaged with European Union President for European Markets Roland Chai and Adam Kostyal to explore opportunities for collaboration between DSE and European stock exchanges in advancing Bangladesh’s capital market.
Adam Kostyal provided insights into the role of Nasdaq Stockholm AB’s board of directors, the exchange’s product portfolio, listing and de-listing procedures, market management protocols, and governance practices.
Overall, these discussions underscore DSE’s proactive approach in fostering strategic partnerships to propel the growth of Bangladesh’s capital market.
One of the listed companies, IFIC Bank PLC discloses its financial reports for the first quarter, (January – March 24).
The company’s Consolidated earnings per share (EPS) was Tk 0.22 paisa in Q1 of the current financial year (January – March 24). Consolidated EPS was Tk 0.34(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 Consolidated net asset value (NAV) per share stood at Tk 19.96.
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