Trading on Tuesday ended with a falling index of the Dhaka Stock Exchange (DSE). On this day, the share price of most companies and the volume of traded transactions have decreased along with the index. According to the DSE, the broad Index of the DSE ended the day 11 points lower than the previous day, at 5,323 points. The DSE Shariah index was down 1 point to 1187 points, and the DSE-30 index was down 3 points to 1939 points. Among the 400 companies’ shares and mutual funds that traded on the day, 142 advanced, 195 declined and 63 remained unchanged. A total of Tk355.37 crore was traded in DSE. Which is Tk11.18 crore less than the previous working day. The previous day the transaction was Tk 366.55 crore. On the other hand, the Chittagong Stock Exchange (CSE) overall index CASPI decreased by 51 points to 15961 points. 193 companies participated in the transaction on CSE. Among these, the prices of 70 companies increased, 95 decreased and 28 remained unchanged. Shares and units worth Tk11.32 crore were traded in CSE on Tuesday, which was Tk5.75 crore on Monday.

The stock market gained on Sunday after lifting of the floor price or minimum price level for the stocks of four more companies. Bangladesh Securities and Exchange Commission (BSEC) withdrew the floor price from the stock market last Thursday. Besides, the limit of a maximum of 3 percent of price fall is also lifted, for which no company's share price could fall more than 3 percent in a session. With the removal of that limit, there is now an opportunity for the share price to fall by a maximum of 10 percent for each company. Both the index and trading rose on Thursday after the floor price was lifted. After that, the trading on the first working day of the week started on Sunday with the rise of the index. Besides, a rising trend is also seen in transactions. In the first hour of trading, the main stock market Dhaka Stock Exchange (DSE) main index DSEX rose by 40 points. At that time, the transaction amount was Tk269 crore. Earlier on last Thursday the main index of DSE, DSEX rose by 48 points. At the end of the day, the transaction volume was Tk963 crore. The banking sector dominated the transactions in the DSE last week. Almost one-fourth of the daily transactions in the Dhaka market last week were held by the banking sector. At the beginning of the day (Sunday), there was a trend of some price correction in the shares of the banking sector companies. There was only one bank among the top 10 companies traded in the DSE on Sunday. Meanwhile, market analysts said that the share prices of well-founded companies, including banks, have increased significantly in the last month. A section of investors are withdrawing some profit from these shares. As a result, the share prices of companies are being corrected. Investors are taking profits from one sector and investing in another sector. In stocks where investment is increasing, their prices and trading volume are also increasing. This is identified as the normal trend of the market by the concerned persons, said the market analysts. The prime index of the DSE went up by 25 points or 0.42 percent to 5,829 at the end of the day. The blue-chip DS30 index, a group of 30 prominent companies, also gained19 points to 2,128 and the DSES index, which represents Shariah-based companies, rose 4 points to 1,245 on the day. The day's turnover stood at Tk933 crore.

Economist and public policy expert Dr M Masrur Reaz has been appointed as chairman of the stock market regulator Bangladesh Securities and Exchange Commission (BSEC). The Financial Institutions Division (FID), a wing of the Ministry of Finance, issued an office order in this regard on Tuesday. He has been appointed for a term of four years. Widespread corruption of last two BSEC chairmen destroyed investors' trust, says brokers association Reaz , Chairman and Chief Executive Officer (CEO) of Policy Exchange Bangladesh, a think tank, has a PhD in Development Economics from the University of Manchester, UK. Later he did his MBA from New Orleans University, USA. He worked as a Senior Economist in the Finance, Competitiveness, and Innovation (FCI) Global Practice of the World Bank. He served in the World Bank from 2010-2020. Derivative products will be launched in stock market by 2025: BSEC Former Chairman of BSEC Shibli Rubayat Ul-Islam resigned on August 11. Shibli was reappointed for a second term as BSEC chairman for four years on April 28.

The DSE Brokers Association of Bangladesh (DBA), an organization of members of Dhaka Stock Exchange (DSE), has raised allegations of widespread corruption and irregularities against former chairman of Bangladesh Securities and Exchange Commission (BSEC) M Khairul Hossain and Professor Shibli Rubaiyat-ul-Islam. The DBA claims that the chairman of BSEC has been doing unprofessional and unethical activities for a long time. As a result, the market did not improve, but investor confidence reached rock bottom. On Monday, in a press conference titled 'Present and future plans of the country's stock market', allegations of corruption and irregularities were raised against BSEC. The President of the DBA Saiful Islam spoke at the press conference. Saiful said, “We believe that this government (interim government) will work to build a non-discrimination, corruption-free and developed state. They will make the country financially prosperous by ensuring good governance at all levels. We are ready to give all kinds of support to this government on behalf of our organization for the development of the capital market.” He said that Dr. Khairul and Prof. Shibli served as chairmen of BSEC for about 14 years from 2011 to 2024. Both of them came from the university teaching profession and occupied this position. In this long time, their unprofessional and unethical activities have not improved the market but the confidence of investors has reached rock bottom. DBA president said that both the chairmen to stop insider trading in the market, to ensure transparency, good governance, and accountability in the market to prevent manipulation, to bring back the confidence of investors in the market by bringing good quality IPO, to stop terrible anarchy like placement trade, transparency in audited financial reports of companies, they have failed to deliver on the promise and ensure accountability. Regrettably, their involvement in each of the above irregularities has been observed, said the DBA president. The amount of corruption and irregularities that have been resorted to in the name of IPO in the last 14 years is very worrying. Unsuitable, weak, substandard, insolvent companies are listed in the market through IPO, which have highlighted these issues through print and electronic media.

The DSE Brokers’ Association (DBA) in a meeting on the present state of the stock market opined that there is no reason for the deteriorating market situation.   But there is a price adjustment of stocks after lifting the floor price barrier that is normal, they said this in a meeting held in the virtual platform on Tuesday.   The broker representatives indicated that the market will return to normal very soon as the country’s economy is turning around.   The representatives have raised some points to implement for the future interest of the share market. These initiatives will bring positive changes in the market and the market will be stable and sustainable in the long run.  These are- the rumours in the market that the floor may be re-imposed on the share price, which is false and baseless. DBA does not think that there will be a recurrence of the floor price.   Current Margin Rules-1999 need to be modernized and reformed. Good companies should be listed in the IPO market. Proper compliance with all laws and regulations should be ensured in case of company listing.   Emphasis should be placed on mutual funds to reduce dependence on banks for investment.  It is logical to categorize the company on its capital size rather than on dividends. Shares of any company should not be increased in any other way without informing the common shareholders, and sponsor shareholders.   And the issue of double taxation should be taken into consideration and resolved immediately.   DBA President Saiful Islam moderated the program. Among others, DSE Director Sharif Anwar Hossain, Richard D'Rosario, former DBA President Ahmad Rasheed Lali, BLI Securities Managing Director Minhaj Mannan Emon, Beximco Securities CEO Mustafa Zamanul Bahar were present in the meeting.   Dhaka stocks suffer major decline:However, despite ensuring stability by the regulator, the main index of the Dhaka Stock Exchange suffered another significant decline on Tuesday.   The DSEX, the benchmark index of the premier bourse of Bangladesh, lost 84 points, or 1.42 percent, to close the day at 5,814.   With this, the market fell for the eighth consecutive day, prompting the DSEX to hit the 35-month low.   Turnover slipped to Tk 465 crore from Tk 486 crore a day earlier. Among the traded stocks, 41 advanced, 319 dropped and 36 remained unchanged.

A rally in shares of banks saw the benchmark index of DSEX (Broad-based index of Dhaka Stock Exchange) hit a 16-month high, surpassing the 6,400 points mark on Sunday. The total turnover on Sunday increased to more than Tk1852 crore. This surge was primarily fuelled by the strong performance of bank stocks, despite prevailing selling pressure in other sectors. Out of 35 listed banks, prices of 34 banks’ stock advanced. MBBS admission test results published At the end of the day, the DSEX registered a gain of 73 points, settling at 6,447, while the blue-chip index DS30 saw a surge of 21 points, closing at 2,159. Earlier, on 16 October 2022, the DSEX was over 6,400 points. At the Dhaka bourse, 196 scrips declined, 165 advanced, and 33 remained unchanged. Market insiders said during the session investors displayed heightened activity in purchasing bank shares, which had long been restricted by the floor price. Potential investors, who invested in the capital market for the long term by investing in fundamental stocks are back in the market. The shares of Fortune Shows contributed the most to the turnover. The shares of the company have been traded for Tk 65.05 crore. Shares of Orion Pharma in the second place were traded at Tk 64.49 crore. Orion Infusion is in third place with a share transaction of Tk 63.48 crore. Besides, the list of top 10 companies in terms of transactions on DSE includes IFIC Bank, Intraco Refueling Station, ITC, Global Islami Bank, Bangladesh Shipping Corporation, Malek Spinning and Central Pharmaceuticals. Thousands gather on Turag riverbank for Akheri Munajat, marking Ijtema closure Meanwhile the Chittagong Stock Exchange (CSE) overall value CASPI increased by 309 points. Out of 294 firms participating in the market, 128 rose in price. On the contrary, the prices of 146 have decreased and the prices of 20 have remained unchanged. The transaction was Tk23.80 crore on Sunday.

The National Board of Revenue (NBR) will observe the International Customs Day 2024 on Friday in Bangladesh and in 185 other countries across the world. NBR Chairman Abu Hena Md Rahmatul Muneem on Thursday afternoon spoke at a ‘meet the press’ held in the NBR Building, Agargon in the capital. Responsible business conduct for decent work is crucial for sustainable value chains in Bangladesh He said that the customs officials in the country are working hard to serve stakeholders. He  said that automation work has progressed to serve the customer without any interruption. He said that the NBR enhanced trade facilitation including National Single Window (NSW), Authorised Economic Operator (AEO), National Enquiry Point (NEP), Pre-Arrival Processing (PAP), Advance Ruling, Time Release Study, E-Auction, Non-Intrusive Inspection (NII) and Advanced Passenger Information (API).   The customs department  is working on the issues of terror finance, money laundering, and environment conservation by preventing the import of products harmful to human and animal health, he said. The NBR Chairman said, “In the first half of the current fiscal year 2023-24, the NBR has collected revenue of Tk 1.66 lakh crore— Tk49068 crore came from the customs. I saw a growth of 9.16 percent compared to the previous fiscal year.” In the fiscal year 2022-23, the NBR collected revenue of Tk3.31 lakh crore, of which Tk92,732.35 crore has come from the customs sector. Bangladesh's imports drop over 18% in first half of FY2023-24 He said despite higher  revenue collection in the first half of the current fiscal year there is revenue shortfall of Tk23,000 crore.  Muneem said that the activities of ‘ASYCUDA World’ have been extended to facilitate the customs duty and shipment of goods. The  NBR also took specific plans to implement an E-payment system for a sustainable delivery system of customs goods, he said. Marking the day, the NBR will organise a seminar at 10:0 am on Friday at the Multipurpose Hall of the NBR Building in the capital's Agargaon. The theme of the day is "Customs Engaging Traditional and New Partners with Purpose". Finance Minister Abul Hassan Mahmood Ali will attend the seminar as the chief guest with Senior Secretary of the Internal Resources Division (IRD) and NBR Chairman Abu Hena Md Rahmatul Muneem in the chair. BCC fines Diamond Egg, CP for raising egg prices in collusion Finance Division Secretary Dr Md Khairuzzaman Mozumder and Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Mahbubul Alam will be present there as the special guests.

The capital market of the country turned around on Monday, and turnover exceeded Tk1000 crore for the first time in 6 months, on day 2 of lifting the floor price (minimum selling rate). The Dhaka Stock Exchange (DSE) index fell sharply on Sunday, the first working day after the floor price was lifted. Turnover too was subdued. However, after a day on Monday, the index closed higher on the second working day. Also, after six months, the turnover in the market exceeded Tk1000 crore. DSE turnover jumps over 28 percent to Tk441 crore after election day Shares and units of 207 companies increased in DSE on this day. On the contrary, the price of 145 decreased. And the price of 40 remains unchanged. The main price index of DSE DSEX increased by 14 points to 6254 points. Among the other two indices, DSE Shariah increased by 6 points to 1,380 points compared to the previous day. The DSE-30 index has increased by 10 points compared to the previous day and stands at 2147 points. Businesses want updated risk management systems to ease trade At the end of the day, Tk1042.22 crore was traded in DSE, which was Tk588.87 crore on the previous working day (Sunday). The top 10 companies traded on DSE were BD Thai Aluminum, Associated Oxygen, Orion Infusion, LafargeHolcim Bangladesh, Karnaphuli Insurance, Deshbandhu Polymer, Sea Pearl Beach Resort, Beach Hatchery, Santhani Life Insurance, and Bangladesh Shipping Corporation. DSE launches new data center for uninterrupted transactions on stock market However, the overall price index of Chittagong Stock Exchange (CSE) CASPI decreased by 93 points. Out of 267 firms participating in the market, 123 rose in price. In contrast, the prices of 118 decreased and 26 remained unchanged. Tk21.81 Crore traded on Monday at the CSE, which was Tk12.74 Crore traded on the previous working day (Sunday).

After the national parliament election, the index Dhaka Stock Exchange (DSE) rose 25 points to reach 6.269 and the blue-chip index DS30 surged 7.96 points to 2,102 today. The turnover of the DSE also jumped over 28 percent to Tk441 crore. During the session, prices of 119 listed companies increased, while 44 declined and 169 remained unchanged. Besides, the port city bourse Chittagong Stock Exchange (CSE) all-share price index CASPI jumped 59 points to reach 18,568 today (Monday). Market insiders said that there was some uncertainty among investors around the election. But as the election was completed without any major conflict, investors were somewhat relieved. However, there are still concerns about how sustainable this rise in the market will be, they said. The rise of the index is a big effect of the increase in the price of some shares of the banking sector. In the stock market, there was no movement in the share prices of the banking sector for a long time. But today saw the highest price increase in the shares of some banks. Apart from this, the share prices of some companies with good fundamentals also increased.

Business leaders at a seminar organised by apex trade body FBCCI on Sunday urged the adoption of updated risk management systems in customs and ports operation systems to reduce the time and cost of export-import trading. They emphasized a major reform in the next ‘Import Policy Order’ and lifted the 100 percent inspection requirement for importing agricultural and food products. DCCI urges speedy reform of Companies Act to increase business confidence The businesses said this in a seminar on international trade ‘Issues of Cross-border Trade: Importance of Risk Management System in Supply Chain of Agro Products’ organized by FBCCI. The Bangladesh Trade Facilitation (BTF) project organized this seminar jointly with FBCCI, funded by USDA (United States Department of Agriculture), held at the FBCCI Auditorium, in Motijheel on Sunday. Agriculture Minister Dr. Mohammad Abdur Razzaque was present on the occasion as the chief guest. He highlighted the country's self-sufficiency in food grains and the government's efforts to modernize and commercialize the agriculture sector. He announced plans to allocate space near the capital for testing agricultural products, aiming to streamline the clearance process and minimize time and cost for traders. Dr Mohammad Abdur Razzaque also indicated that the Government is willing to take any reform to enhance the quality of exports of the country. Implementing risk management can impact Bangladesh’s branding as a trusted agro-trading partner and can be beneficial in the post-LDC graduation context. CIS-BCCI delegation off to Uzbekistan to explore business opportunities Earlier in his speech, FBCCI President Mahbubul Alam said, "There has been a revolution in agriculture in the past year. The government is working to reduce the issues related to cross-border trade. We will soon discuss with the government to facilitate trade.” Risk Management is a new concept in Bangladesh and BTF is here to support the government and private sector to understand and introduce it systematically with all legal and institutional backup, mentioned Michael J Parr, Project Director, USDA-funded Bangladesh Trade Facilitation Project (BTF). The keynote paper presented at the program highlighted the physical inspection and testing requirement of 100% of agro and food products, without analyzing and assessing associated risks is unscientific and impractical. Risk management is a widely used international best practice that creates a balance between facilitation and control by expediting the release of low-risk products and imposing stringent interventions on high-risk ones. Unilever Bangladesh BizMaestros 2023: Shaping Future Business Leaders FBCCI Senior Vice President Md. Amin Helaly, Vice President Md. Khairul Huda Chopol, Anwar Sadat Sarker, Dr. Joshoda Jibon Deb Nath, Shomi Kaiser, Md. Munir Hossain, FBCCI Panel Advisors, Directors, former Directors, and other Business Dignitaries were present at the program.