The DSE website offers you an opportunity to keep up to date on the latest market price of your favorite shares. It also offers updates on eDSEX Index, DS30 Index, and DSES Index, as well as total trade volume and value in Taka. It also offers the last trade information.
BSEC imposes a floor price on all listed companies
BSEC has decided to impose a floor price on all listed companies on the Dhaka stock exchange market. This was done to protect the general investors. In the past, floor prices were set at the face value of shares of fixed-price method companies, the cut-off price of book-building method companies, and the last trading price of companies from the over-counter market.
Although Bangladesh’s stock market has experienced improvements in recent years, further reforms are needed to make it more competitive and efficient. Further, strengthening the payment system and the central depository is crucial. Demutualization of exchanges should also be strongly considered as a reform option. Furthermore, strengthening the government’s capacity to manage its cash and debt is another important step to improve the efficiency of secondary markets. BSEC should also revamp its IT platforms and develop a governance structure to combat malfeasance in the market.
Extended trading hours
The Dhaka Stock Exchange has recently extended its trading hours. Now, traders can trade in the market on Sunday and Monday, instead of Monday through Thursday. This is in line with the Middle Eastern work week, which runs from Sunday to Thursday. The new trading hours will be effective today.
Excess liquidity and a lack of alternative investments were a boon for the stock market. Investors were largely reassured by recent efforts by the Bangladesh Bank to ease the stock market. These included issuing BB bills, raising the deposit rate to minimum inflation, and daily reporting of banks’ stock market investments. These moves boosted the market price and led to an all-time high in the DSE’s market capitalisation on Monday.
Navana Pharma IPO subscription
The Dhaka stock exchange has launched a subscription process for Navana Pharma’s Initial Public Offering (IPO). The company’s application will be open from 13 to 19 September. The offer price of Navana Pharma’s IPO is BDT 34 per share, plus a premium of BDT 24. It is expected to list as the 33rd company on the Dhaka Stock Exchange.
Navana Pharmaceuticals Ltd has received regulatory approval for its IPO. The company will start accepting applications for its IPO on September 13 and close on September 19. The cut-off price was set at Tk 34 per share during bidding on July 4 and 7. In the IPO, Navana will sell shares to the general public at 30% below the cut-off price.
Baraka Patenga Power
On July 5, Baraka Patenga Power will formally distribute its IPO shares to investors. The parent company, Baraka Power, has been listed on the bourses since 2011. The company plans to use the proceeds from the capital market to finance various projects and repay bank loans. The IPO is expected to raise Tk225 crore. The company plans to sell primary shares to institutional investors for Tk32 each, and a discount of 10% for retail investors.
The company is involved in the construction of power plants and supplying electricity to the national grid. It was founded in 2011 by Faisal Ahmed Chowdhury and is headquartered in Sagunbagicha, Bangladesh. It has two power plants: a 50-megawatt plant in Patenga, Bangladesh, and a 3.20-megawatt co-generation secondary power plant in Patiya. In 2014, the company obtained the permit to build a 50-megawatt furnace oil-fired power plant in Chittagong.
Baraka Power Limited
The Baraka Power Limited stock price was up by nearly 10 per cent today on the Dhaka Stock Exchange (DSE). The cut-off price was Tk32 per share, and eligible institutional investors placed bids on the shares. A total of 357 bids were placed during the 72-hour period, with the majority hovering between Tk25 and Tk32. In addition, the Bangladesh Securities and Exchange Commission (BSE) also allowed the company to experiment with cut-price schemes.
Baraka Power Limited is a company that develops and operates power plants in Bangladesh. It has two power plants that produce 50 megawatts of electricity each, one in Chattogram and one in Sylhet. These power plants supply electricity to the Bangladesh Power Development Board and the national grid.