Mominul Islam Appointed as Chairman of DSE

The Bangladesh Securities and Exchange Commission (BSEC) has halted the Tk 5 crore fundraising by Doer Services Ltd following media reports on problematic client agreements and profitability. The regulator will form a committee with the Dhaka Stock Exchange (DSE) to investigate the issues.

Trading in Treasury bonds on the Dhaka Stock Exchange (DSE) surged 55% year-on-year to Tk 1.31 billion last year, driven by higher interest rates and eased transaction processes through brokerage firms. Despite this growth, the market size has surpassed Tk 3 trillion, highlighting its potential.

In FY 2023-24, the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) faced operating losses due to reduced trading, fewer IPOs, and increased costs. The DSE's core revenue of Tk 125 crore fell short of expenses, causing a Tk 20 crore loss, while the CSE incurred a Tk 10 crore loss with Tk 31 crore in core revenue.

Bangladesh's stock market underperformed in 2024, with the DSEX index plunging 16.49% and market capitalization shrinking by over Tk1 lakh crore, as per LankaBangla Securities' Capital Market Review. This starkly contrasts with peer nations like Pakistan and Sri Lanka, which posted 72.49% and 48.80% gains, respectively.

Dr. Md. Zahid Hossain has been appointed as the deputy managing director and chief business officer of Mercantile Bank. He previously served as the senior executive vice president and divisional head at Bank Asia, with over 29 years of experience in the banking sector.

AKM Abdul Alim, a prominent entrepreneur from a distinguished business family, has been unanimously elected vice chairman of Standard Bank PLC at its 404th Board of Directors meeting. As a member of the Audit Committee and observer of the Shariah Supervisory Committee, he brings extensive expertise in international business and supply chain management.