BSEC Lifts Price Restrictions Except Beximco and Islami Bank

The Dhaka Stock Exchange (DSE) saw a turnover of Tk 296 crore, the lowest in two and a half months, as cautious investors sold shares to avoid further losses, marking a 6.83% decrease from the previous day. The benchmark DSEX index fell by 49.75 points (0.93%) to 5,316, while the DSES and DS30 indices also declined.

The Bangladesh Securities and Exchange Commission (BSEC) has invited three major conglomerates – Meghna Group, City Group, and PHP Group to list their companies on the stock exchanges, aiming to enhance the quality of the capital market.

A total of 131.89 crore shares of Islami Bank, owned by S Alam Group, have been blocked, representing 81.92% of the bank’s total shares. This action follows a Bangladesh Securities and Exchange Commission (BSEC) order issued on August 24 after a request from Bangladesh Bank to freeze shares owned by S Alam Group Chairman Saiful Alam Masud and 56 associated institutions.

Bangladesh's stock market experienced a significant downturn this week, fueled by regulatory actions, rising interest rates, and global geopolitical tensions. The Dhaka Stock Exchange (DSEX) plummeted by 176 points, erasing Tk 135 billion in market capitalisation, its sharpest decline in 31 months.

Islami Bank Bangladesh led the Dhaka Stock Exchange (DSE) turnover this week, reflecting strong investor interest in the banking sector amid anticipated governance reforms following political changes. The total turnover reached Tk 21.31 billion, with banking stocks comprising 29% of this figure. Islami Bank was the top trader with Tk 1.16 billion, despite a 4.5% decline in its stock price to Tk 61.5.

The Dhaka Stock Exchange (DSE) experienced a third consecutive day of decline on Tuesday, with the DSEX index falling by 11.8 points to close at 5,323. Major contributors to the drop included losses from BRAC Bank, Square Pharma, and Islami Bank. BRAC Bank alone accounted for a 10-point decrease, while combined losses from Square Pharma, Islami Bank, and BAT Bangladesh added another 22.4 points.