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219 DHAKA, Mar 2, 2021 (BSS) – Country’s both bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE), today closed trading extending the gaining streak. At DSE, the broad index, DSEX settled at 5,508.27 points with a gain of 81.44 points or 1.50 percent. Besides, two selective indices, Blue Chip index, DSE30 and Shariah index, DSES also went up by 38.76 points and 16.67 points to settle at 2,108.16 points and 1,245.75 points respectively. On the other hand, DSE’s turnover, a crucial indicator of the market, stood at Taka 8339.449 million from Taka 6180.040 million in the previous session. Gainers took lead over losers as out of 233 issues traded, 233 securities gained price while 44 declined and 233 remained unchanged. ....
The trading was diversified too, he said. Around 32 per cent turnover of the DSE had been concentrated in five to six companies in the last couple of weeks. They were Beximco Ltd, Beximco Pharmaceuticals, BATBC, LankaBangla Finance, and Robi Axiata, DSE data showed. Investors bought various stocks, indicating their renewed hope in the market, he added. For the last few days, junk stocks have been advancing as many investors think these shares would perform better in the future thanks to regulatory steps, said a stock broker. The Bangladesh Securities and Exchange Commission changed the board of directors of five low-performing companies in a bid to improve their performance. The regulator may take similar steps for some other companies. ....
Foreign firms team up to upgrade closed sugar mills Submit final proposal on Tk 5,000cr modernisation plan Brown sugar being sold for Tk 65 per kilogramme in front of the Bangladesh Sugar & Food Industries Corporation in the capital’s Motijheel. Photo: Amran Hossain Companies from Japan, Thailand and the United Arab Emirates have teamed up to upgrade the recently shuttered six sugar mills of the Bangladesh Sugar & Food Industries Corporation (BSFIC), ensure profitability and export by-products. Sutech Engineering Co of Thailand, Sharkara International of the UAE and Sojitz Machinery Corporation of Japan will invest Tk 5,000 crore under a joint venture within the next two years. ....
The seven loss-incurring companies deal with producing sugar, motorcycles, hotel services, cables and glass sheets. A big number of government run companies are not giving any dividends for many years so the stocks are providing nothing to their investors, said stock investor Abdul Alim. Renwick Jajneswar and Usmania Glass did not provide any dividend for the last two years. Moreover, Shyampur Sugar and Zeal Bangla Sugar have not paid any dividends in at least for the past two decades, the DSE data shows. The state-run sugar mills are 60 years old but their economic lifespan ended at least 30 years ago, said Sanat Kumar Saha, chairman of the Bangladesh Sugar and Food Industries Corporation (BSFIC). ....