The stock market regulator approved 127 firms for listing in the past 14 years, allowing their transition from private to public companies. However, the subsequent outcomes are disheartening as most of these companies showed declined performance rather than growth.
Chowdhury Nafeez Sarafat, chairman of RACE Asset Management, has manipulated the stock prices of many companies for financial gain and caused losses of crores of taka to general shareholders, found a primary investigation of the Criminal Investigation Department (CID).
Stocks in Bangladesh witnessed a massive jump yesterday amid hopes of a revival of the market following the exit of Sheikh Hasina from Bangladesh after her resignation from the post of prime minister on Monday.
The public administration ministry is likely to allow government employees to trade in the share market, a reversal of a decades-old rule.
For stock investors in Bangladesh, the just-concluded fiscal year was the worst in four years, with the benchmark index of Dhaka Stock Exchange losing over 1,000 points.
In the two and a half months preceding last Sunday, the DSEX, the benchmark index of Dhaka Stock Exchange (DSE), dropped 794 points, or 12 percent.
The benchmark index of Dhaka Stock Exchange (DSE) staged a comeback yesterday, snapping a two-day losing streak.
There were also positive changes in the market capitalisation of food and allied, engineering, and telecommunication scrips, it said.
In its daily market update, Shanta Securities said the market movement was driven by negative changes in the market capitalisation of travel and leisure, paper and printing, and bank scrips.
Dhaka Stock Exchange (DSE) is planning on wooing garment factories which adopted environment-friendly practices to get listed so that the opportunity to invest in good stocks arises while the factories can diversify their financing portfolio.
The Bangladesh Securities and Exchange Commission (BSEC) is finalising a draft of rules regarding the commodity exchange on availing opinions from stakeholders with hopes that the first-ever exchange can be launched within a couple of months.
Islami Bank’s stock made a record yesterday as Tk 524 crore worth of shares of the lender were traded at the Chittagong Stock Exchange (CSE).
The stock price of Himadri Ltd, listed with the SME board of the Dhaka Stock Exchange, soared 60-fold in the last four months, prompting an investigation from the Bangladesh Securities and Exchange Commission (BSEC).
The biggest factor behind the disconnect is that the largest companies with stable profitability refuse to come to the market.
Though Bangladesh has made stellar progress in many economic indicators in the past one decade, entrepreneurs, industrialists and the entire business sector still rely on the banking sector for financing.