Tuesday, May 21, 2024

DSE appoints new CEO

Swapan Kumar Bala, a Dhaka University professor of accounting and information systems department, joined Dhaka Stock Exchange as chief executive officer on Monday, a DSE press release said. Bala has 22 years of experience in the field of accounting as a teacher, the DSE press release said. The post of CEO of DSE fell vacate ... Read more

DSE to seek 5-year tax exemption after demutualisation

Dhaka Stock Exchange, the country’s premier bourse, will seek a five-year tax exemption in an effort to make it a profitable and attractive organisation to investors after demutualisation, DSE leaders said here on Saturday. ‘We’ll seek a five-year tax exemption in the next budget. We’ve a specific proposal on it,’ DSE president M Rakibur Rahman ... Read more

Foreign investments in stocks drop in March

Foreign investment in the Dhaka Stock Exchange declined last month amid political unrest across the country. According to Dhaka Stock Exchange data, the net foreign investment declined to Tk 90.53 crore in March from the previous month’s Tk 103.56 crore while it was Tk 99.72 crore in January. Market operators said political instability and acts ... Read more

DSE demands Tk 5,000cr budgetary allocation

Urges policymakers to stop blame-game The Dhaka Stock Exchange on Thursday demanded Tk 5,000 crore budgetary allocation for the stock market in next budget and suspension of banks’ stock loss provisioning until 2014. ‘The finance ministry needs to allocate Tk 5,000 crore in the next budget to support the market in its crisis situation,’ DSE ... Read more

DSE turnover hits 4-month high

Turnover of the Dhaka Stock Exchange hit a four-month high on Thursday as the bourse gained on the day amid injection of fresh funds from the institutional investors and retailers. The turnover of the bourse increased to Tk 552.42 crore from the last trading session’s Tk 482.72 crore. ‘Some new beneficiary owner accounts were opened ... Read more

DSE CEO resigns over board ‘interference’

The chief executive officer of Dhaka Stock Exchange, Musharraf M Hussain, on Wednesday resigned after the board of directors grilled the management team led by Musharraf on the day before over repeated ‘operational failures’. ‘I have decided to resign as the board’s approach towards the management had hurt my

Stocks gain for the second week

DSE Weekly review Stocks gain for the second week Dhaka stocks gained for the second week as the investors became optimistic after learning that the World Bank will revive the $1.2 billion loan for the Padma Multipurpose Bridge as soon as possible. DGEN, the benchmark general index of the Dhaka Stock Exchange, gained 5.58 per ... Read more