Senior Correspondent,
bdnews24.com
Published: 08 May 2021 09:05 PM BdST
Updated: 09 May 2021 08:57 AM BdST Reaz Islam, CEO of LR Global Bangladesh, speaks at a media briefing in Dhaka on Saturday. Reaz Islam, CEO of LR Global Bangladesh, speaks at a media briefing in Dhaka on Saturday. Reaz Islam, CEO of LR Global Bangladesh, speaks at a media briefing in Dhaka on Saturday.
LR Global had gone through a long episode of “adversities” due to a conspiracy by some former commissioners at Bangladesh Securities and Exchange Commission. );
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So says CEO Reaz Islam.
The conspiracy to “damage” LR Global’s performance in Bangladesh had a “huge impact” on the local market, Islam said at a news conference in Dhaka on Saturday.
Stocks fall, Beximco companies end rally amid profit taking Star Business Report Star Business Report
Concerns of Beximco Group witnessed corrections yesterday after leading from the front to raise the benchmark index of the Dhaka Stock Exchange (DSE) to a three year high just a week ago.
DSEX, the benchmark index of the DSE, dropped 94.55 points, or 1.63 per cent, to 5,695 yesterday.
This year, the stock market rose thanks to the run-up of insurance companies along with Beximco Group s concerns, which are all now facing a profit booking tendency, said a stock broker preferring anonymity.
Stock prices of Beximco Limited, whose paid-up capital is Tk 876 crore, fell 8.1 per cent while Beximco Pharmaceuticals with a paid-up capital of Tk 446 crore dropped 4 per cent.
DSE turnover plunges from record high Star Business Report Star Business Report
Turnover at the Dhaka Stock Exchange plunged by 38 per cent or Tk 969 crore to Tk 1,577 crore yesterday thanks to the wait-and-see approach adopted by institutional investors, according to market players.
The development comes just a day after turnover registered a decade high at Tk 2,546 crore.
However, DSEX, the benchmark index of the Dhaka bourse, rose 30 points, or 0.54 per cent, to 5,640 at the same time.
Some of the institutional investors have taken profits considering some corrections but the others are waiting for a further rise, according to a merchant banker.