United News of Bangladesh

Dhaka Stock Exchange (DSE) will refund up to Tk 5 lakh in full to 17,332 investors who suffered losses from irregularities and embezzlement by brokerage houses, paying out of its Investors Protection Fund (IPF), DSE Chairman Mominul Islam said Monday. Speaking at the DSE's inauguration ceremony for IPF disbursement, Mominul said investing in the capital market can bring both profit and loss, and share price fluctuations are natural. "But when investors suffer because of irregularities by a market intermediary, it seriously damages their confidence in the market. Such incidents are not acceptable in any way," he said. Mominul said several brokerage houses failed to discharge their responsibilities in the past. "Five of them diverted investors' money or shares into their own accounts and later failed to return them.” According to the DSE, 17,967 investors are currently affected. Of them, 17,332 will get their full money, up to Tk 5 lakh each, from the IPF in this phase. For investors who will not receive their full money at this stage, he said, initiatives will be taken to return it quickly. "The DSE and other market stakeholders will work on this through legal means." Expressing regret to the affected investors, the DSE chairman said they had invested their hard-earned money in the market with great hope. He apologised for the mental and financial hardship they endured because of the irregularities. To prevent such incidents in the future, he urged all market stakeholders, including the Bangladesh Securities and Exchange Commission (BSEC), the two stock exchanges, the Central Depository Bangladesh Limited (CDBL) and brokerage houses, to work together. He expressed hope that collective efforts would fully restore investor confidence. He said verifying the information of 17,967 investors and determining their investment records and final balances was a difficult task, which DSE management completed. He expressed hope that the refund process would also be carried out properly. Regarding the fund's sources, Mominul said the main sources are brokerage houses' trade commissions and 25 percent of the interest earned on Customer Consolidated Accounts (CCA). "This DSE initiative would not have been possible without the contribution of brokerage houses." Expressing hope that the positive trend in the country's capital market would strengthen further, he said building a strong and transparent market is a shared goal. All stakeholders must work together to develop the capital market as a key pillar of the economy, he added.

The Dhaka Stock Exchange (DSE) closed higher on Monday, the second trading day of the week, as its key index and most listed companies posted gains, even though overall turnover declined. The DSE's benchmark index, DSEX, rose 22 points during the day's trading. The Shariah-based index, DSES, remained unchanged, while the blue-chip index DS30 gained 8 points. DSE terminates 17 employees as part of long-term restructuring, says exchange Prices advanced for the majority of listed firms, with 199 companies seeing their share prices rise, against 129 that declined and 64 that remained unchanged. Shares and units worth Tk 908 crore changed hands on the DSE, down from Tk 964 crore in the previous session, a fall of Tk 56 crore in a single day. Northern Islami Insurance PLC topped the gainers' list, rising nearly 10 percent, while People’s Leasing and Financial  Services Ltd led the losers, shedding 9 percent. Meanwhile, the Chittagong Stock Exchange (CSE) also ended in positive territory, with its all-share index CASPI adding 10 points. However, unlike the DSE, price declines outnumbered gains at the CSE – 99 companies saw their share prices fall, compared to 85 that rose, while 28 remained unchanged. Turnover at the CSE stood at Tk 35 crore, up from Tk 31 crore in the previous session. City Insurance PLC topped the CSE gainers, rising 10 percent, while Uttara Finance & Investments Limited and Prime Finance & Investment Ltd tied at the bottom, each losing 10 percent.

Stock indices advanced on both bourses over the week despite a majority of listed companies witnessing price declines, reflecting a mixed trading pattern. According to the weekly market pulse of the Dhaka Stock Exchange (DSE), the benchmark DSEX gained 37 points. The Shariah-based DSES rose 3 points, while the blue-chip DS30 index added 21 points. The SME index, DSMEX, posted a sharp rise of 120 points. On a year-on-year basis, DSEX and DS30 increased by 8 percent each, while DSES grew by 6 percent and the SME index by 11 percent. DSE meets Chinese investors' body to boost capital market cooperation However, market breadth remained negative on the DSE, with prices falling for most issues. Of the traded securities, 220 declined, 138 advanced and 29 remained unchanged. Average daily turnover slightly increased to Tk 669 crore, up from Tk 668 crore in the previous week. Sector-wise, only eight out of 21 sectors posted gains, while 13 sectors declined. Stocks in the ceramic, mutual fund and tourism sectors fell by more than 30 percent. Except for general insurance, all financial sector stocks ended lower. Bank stocks declined by around 5 percent, non-bank financial institutions by about 11 percent, and life insurance shares dropped nearly 20 percent. In block trading, GQ Ball Pen Industries topped the chart with shares worth Tk 20 crore, followed by Al-Arafah Islami Bank (Tk 18 crore), Fine Foods Limited (Tk 16 crore) and City Insurance (Tk 14 crore). Bangladesh Autocars Limited emerged as the top gainer on the DSE, with its share price rising to Tk 222 at the end of the week from Tk 181 a week earlier, marking a 22 percent return. On the losing side, APSCL Non-Convertible and Fully Redeemable Coupon Bearing Bond plunged over 15 percent, with its price dropping to Tk 1,115 from Tk 1,320. Meanwhile, the Chittagong Stock Exchange (CSE) also saw indices close higher. The benchmark CASPI rose 73 points, while the CSE30 and CSE50 indices gained 111 points and 4 points respectively. Despite the index ending higher, most stocks on the CSE declined, with 144 issues losing value, 123 gaining and 30 remaining unchanged. Top gainers at the CSE included Sonargaon Textiles, MK Footwear, KDS Accessories, Vanguard AML Rupali Bank Balanced Fund and ACME Pesticides Limited. The major losers were Premier Leasing and Finance, MIDAS Financing, Pragati Insurance, PHP First Mutual Fund and Global Heavy Chemicals Limited.

Stocks opened the week on a negative note at the Dhaka Stock Exchange (DSE) on Sunday as key indices fell sharply, most listed companies lost value and overall turnover declined. The benchmark DSEX index dropped 49 points during the day’s trading. The DSES, the Shariah-based index, lost 8 points while the blue-chip DS30 index fell 23 points. Most of the listed companies ended in the red. Out of the traded issues, prices of 246 companies declined, while 99 advanced and 45 remained unchanged. DSE, CSE  indices end week on positive note Market turnover also decreased. A total of Tk 523 crore worth of shares and units were traded on the premier bourse, down from Tk 591 crore in the previous session. In the gainers’ list, Mercantile Bank PLC led the table at the DSE with a 5 percent price increase, while ICB Islamic Bank Ltd was the day’s worst performer, losing nearly 6 percent. Meanwhile, the Chittagong Stock Exchange (CSE) saw no major movement in its key index, though most companies posted gains. At the port city bourse, 94 issues advanced, 52 declined, and 19 remained unchanged. Turnover at the CSE increased significantly to Tk 35 crore, compared to Tk 14 crore in the previous session. Among the top performers, FAS Finance & Investment Ltd rose 10 percent to lead the gainers’ list, while Index Agro Industries Ltd plunged nearly 10 percent, becoming the worst loser of the day.

Stocks witnessed a sharp downturn on Sunday as major indices of the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) closed significantly lower amid widespread selling pressure. At the DSE, the benchmark DSEX plunged 138 points. The Shariah-based DSES lost 26 points, while the blue-chip DS30 index fell 52 points. Most listed companies ended in the red, with 353 issues declining against 30 gainers and six remaining unchanged. Weekly market wrap: Indices rally at DSE, CSE despite shrinking turnover The turnover also dropped sharply. The DSE recorded transactions worth Tk 775 crore, down from Tk 947 crore in the previous session. In the block market, shares of 23 companies worth Tk 24 crore were traded. Orion Infusion posted the highest block turnover at Tk 4.60 crore. Shinepukur Ceramics PLC topped the gainers’ chart on the DSE, advancing nearly 10 percent, while Bangladesh Welding Electrodes Limited languished at the bottom, shedding around 8 percent. The CSE also experienced a major slide, with its benchmark CASPI index plunging 245 points. Out of the traded issues, 138 declined, 35 advanced and 11 remained unchanged. Stocks advance at DSE, CSE in early trading The turnover at the port city bourse stood at Tk 12 crore, down from Tk 19 crore in the previous trading day. Prime Finance and Investment Limited led the gainers at the CSE with a 10 percent rise, while Apex Tannery Limited was the worst performer, losing 10 percent.

The Dhaka Stock Exchange (DSE), the country's main capital market, saw an upward trend in the first 1:30 hour on Thursday. Though the market showed an upward trend, the trading pace was slow in the morning in the DSE. Shares and units of 5.08 crore were exchanged through 40001 transactions. In this time, shares and mutual funds worth Tk 113.8 crore were traded. DSE index climbs for third straight day, gains 12.32 points A total of 368 companies participated in trading. Among these, prices of 151 companies increased, 131 companies decreased and 86 companies remained unchanged at the DSE. The main index DSEX increased by 5.36 points to 5243.73 points, the DSES Shariah index was up by 1.64  points to 1173.89 points, and the DS30 special blue chip rose by 0.52 points to 1924.40 points during the first 1:30 hour on Thursday.

The Dhaka Stock Exchange (DSE), Bangladesh's primary capital market, experienced a positive trend in the first hour of trading on Monday, with a total turnover of Tk 150.2 crore. According to trading records, a total of 7.46 crore shares and units were exchanged through 49,331 transactions during this period. A total of 376 companies participated in the trading session. Among these, 273 companies saw their share prices increase, 48 experienced declines, and 55 remained unchanged. DSE ends first day of trading week slightly down The benchmark index, DSEX, rose by 26.83 points to reach 5,211.88 points. Meanwhile, the DSES Shariah index climbed by 6.22 points, settling at 1,171.76 points, and the DS30 blue-chip index increased by 5.72 points, reaching 1,916.76 points.

The Dhaka Stock Exchange (DSE), the country's main capital market, saw an upward trend in the first 2 hours on Sunday. Trading record in the DSE shows, shares and units of 8.82 crore were exchanged through 64077 transactions. In this time, shares and mutual funds worth Tk 183.4 crore were traded. Dhaka Stock Exchange sees positive momentum in early Thursday trading A total of 381 companies participated in trading. Among these, prices of 194 companies increased, 97 companies decreased and 90 companies remained unchanged at the DSE. The main index DSEX increased by 10.77 points to 5203.36 points, the DSES Shariah index was up by 4.04 points to 1170.94 points, and the DS30 special blue chip rose by 2.31 points to 1918.54 points during the first 2hours on Sunday.

The Dhaka Stock Exchange (DSE), the country’s primary capital market, witnessed an upward trend in the early hours of trading on Wednesday. Trading activity picked up after 10:30 am, with a steady increase in the indexes continuing until noon. During this two-hour window, the DSE recorded significant activity as shares and units of 6.84 crore were exchanged through 63,622 transactions, amounting to a total trade value of Tk 184.1 crore. Dhaka Stock Exchange sees downtrend: DSEX drops by 51.08 points A total of 388 companies participated in trading. Among them, prices of 289 companies increased, 47 declined, and 52 remained unchanged. The main index DSEX increased by 16.47 points to 5159.47 points, the DSES Shariah index was up by 10.77 points to 1159.28 points, and the DS30 special blue chip rose by 7.01 points to 1901.31 points during the first 2 hours on Wednesday.

The Dhaka Stock Exchange (DSE), Bangladesh's primary stock market, faced a downturn Thursday morning, with indices slipping after Tk 292 crore in trades took place during the first two hours of trading. Market data from the DSE revealed that shares and units totaling 13.59 crore changed hands across 98,625 transactions.  Dhaka Stock Exchange closes on a high note today; 373 companies see price increase A total of 395 companies participated in the session, with mixed results: 168 companies saw their share prices rise, while 184 experienced a decline, and 43 remained unchanged. The DSEX, DSE’s main index, dropped by 14.32 points to stand at 5,150.51 points. The Shariah-based DSES index declined by 4.83 points, closing at 1,131.38, while the DS30, representing blue-chip stocks, fell 3.87 points to 1,911.98.