Eight Executives at CSE Offered Voluntary Retirement

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.

Abul Hashem and Md. Nasiruzzaman have been reappointed as chairmen of BASIC Bank and Bangladesh Krishi Bank after completing their initial three-year terms. Meanwhile, the government appointed Md. Mokhles Ur Rahman as the new chairman of Jiban Bima Corporation, replacing former chairman Md. Asadul Islam.

The interim government has dismissed Abul Hashem as chairman of BASIC Bank, in line with the Bank Company Act. Hashem, who is also the vice chancellor of Anwar Khan Modern University, had initially been appointed as chairman in September 2020 and was reappointed for a second term last November.

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.

Mrs. Rehana Rahman has been unanimously elected as the Vice Chairperson of Southeast Bank PLC's board during the 744th Board Meeting. The board expressed their gratitude to the outgoing Vice Chairman, Mr. Akikur Rahman, for his significant contributions to the bank's growth and development, extending their best wishes for his health and continued support.

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.