Dhaka, Bangladesh
DSE, CSE extend gaining streak

DSE, CSE extend gaining streak

Business Desk: Country's both bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) on Monday closed trading extending the gaining streak. At DSE, the broad index, DSEX settled at 3981.64 points on Monday with a gain of 7.41 points or 0.18 percent. The DSEX added 19 points in the past five consecutive sessions. Besides, two selective indices, Blue Chip index, DSE30 and Shariah index, DSES also went up by 3.78 points and 1.82 points to settle at 1335.51 points and 923.56 points respectively. On the DSE trading floor, a total number of 23,323 trades were executed in today's trading session with a trading volume of 46.91 million securities. On the other hand, DSE's turnover, a crucial indicator of the market, stood at Taka 1.54 billion from Taka 25.43 billion in the previous session. Gainers took lead over losers as out of 298 issues traded, 40 securities gained price while 19 declined and 239 remained unchanged. The market-cap of DSE increased slightly to 3,116 which was Taka 3,111 billion in the previous session. The top 10 gainers were GlaxoSmithKline, BSCCL, Sonali Ansh, National Bank, Fine Foods, Beximco Pharma, Pharma Aid, National Life Insurance, ACI Formulation and Reckitt Benckiser. Beximco Pharma topped the turnover chart followed by BSCCL, GlaxoSmithKline, Indo-Bangla Pharma, Square Pharma, Linde Bangladesh, Central Pharma, City Bank, Wata Chemical and Pharma Aid. The 10 top losers were Dhaka Dying, Generation Next, Keya Cosmetics, Apollo Ishpat, Phoenix Finance First Mutual Fund, Desh Garments, Eastern Lubricants, Islamic Finance, Fu Wang Ceramic and ICB AMCL Second Mutual Fund. On the other hand, port city bourse, Chittagong Stock Exchange (CSE) also closed trading at green extending the gaining streak of previous session. CSCX and CASPI rose to 16.77 points and 24.79 points to stand at 6846.85 points and 11308.81 points respectively. At CSE, a total of 14,168,503 shares and mutual funds of 138 companies were traded, of which 29 issues advanced while 13 declined and 96 issues remained unchanged. The indices of two main bourses advanced in the first one-and-half-hour of trading today, as the investors' confidence have grown over the entrance of CPG giant Unilever in the market. ANOTHER NEWS ADDS: Earlier on June 28, Unilever bought 82 percent of Glaxosmithkline (GSK) shares worth Tk2020 crore, which is listed with Dhaka Stock Exchange (DSE). DSEX, the prime index at the Dhaka Stock Exchange (DSE), increased by 3.31 points - or 0.08 percent - to reach at 3,977 till 11:30 am. The Shariah-based DSES index slightly rose by 1.28 points to settle at 923, and the blue-chip index DS30 climbed 1.66 points to stand at 1,333. Turnover on the DSE trading floor jumped by 60 percent to Tk54.66 crore in the first session. Out of the 249 issues traded during the same time frame, only 35 company's share prices advanced, 19 declined, and 195 remained unchanged. Meanwhile, the benchmark index CASPI at the Chittagong Stock Exchange (CSE) has gained 11.24 points to close at 11,295. ANOTHER NWS ADDS: The 35th Annual General Meeting (AGM) of IDLC Finance Limited was held on Saturday through digital platform. Shareholders of IDLC approved 35 percent cash dividend (Tk3.50 per share) for the year 2019; a robust feat against the market trend and the prevalent pandemic adversity, said a press release. At the event, it was enlightened that on the back of strong governance framework and commitment towards customer-centric drive, IDLC continued to be the frontrunner in the financial market, and displayed resilient performance in 2019, despite the challenging market conditions. At the end of 2019, the IDLC Group's total loan book increased by 10 percent reaching Tk92.35bn (five-year Cumulative Average Growth Rate of 14.43%), with an NPL ratio of only 3.07% in 2019 where the market average is in double digits. In spite of the strained market conditions faced even during 2019, IDLC attained one of the highest Return on Asset of 1.50% in the entire financial industry, the press release reads. Md. Jobair Rahman Khan FCA, group company secretary welcomed all the shareholders and other participants. He introduced the board members. Aziz Al Mahmood, Chairman, IDLC Finance Limited and all other directors Atiqur Rahman, Md Abdul Wadud, Mahia Juned, Mohammad Mahbubur Rahman FCA, Md. Kamrul Hassan FCA, Syed Shahriyar Ahsan, Independent Directors Niaz Habib & Matiul Islam Nowshad were present at the meeting. The CEO & Managing Director Arif Khan CFA FCMA and the Chief Financial Officer Masud Karim Majumder FCA were also present in the meeting. During their speech, the Chairman and the CEO & Managing Director both welcomed the participating assembled shareholders and thanked them for their continued sponsorship of IDLC. They highlighted how the financial performance was attained through extreme vigilance and process efficiency that helped IDLC retain its solid foothold in the industry. They also mentioned that how IDLC has extended its CSR initiatives to the community during Covid-19 pandemic.

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