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DSE turnover tops Tk 9 bn mark

DSE turnover tops Tk 9 bn mark

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DSE turnover tops Tk 9 bn mark

DSE turnover tops Tk 9 bn mark

DSE turnover tops Tk 9 bn mark


Dhaka, June 30 —Turnover on the Dhaka Stock Exchange on Tuesday crossed the Tk 9 billion mark for the first time ever, as investors shrugged off a hoax bomb threat that shut trading an hour earlier than the scheduled a day before. Daily turnover touched a new high at Tk 9.42 billion on the day the parliament passed the budget for FY 2009-10, smashing the previous high of Tk 8.34 billion on June 21. This is the fourth time this month that the daily transactions have leapt to a new height. On June 4 and 11, turnover on the bourse touched Tk 6.72 billion. It soared to Tk 7.81 billion on June 7. "This is what should happen…it is a positive sign that investment rose up despite the bomb threat yesterday [Monday]," Yaweer Sayeed, CEO of an asset management firm, told bdnews24.com. Usually, the last day of the financial year witnesses increased transactions, he added. "Institutional investors contributed heavily to Tuesday's turnover as they had to trade a lot on the last day [of the fiscal year] due to portfolio balancing," added Sayeed, who heads AIMS of Bangladesh. Salahudddin Ahmed Khan, former CEO of DSE, agreed with the investment manager. "The closing day's transaction is mostly due to institutional investors' trading." The amendments to budget, including some duty cuts, also induced the hike, added Khan, a professor of finance at the University of Dhaka. "But it's really good to see that investors knocked off the terrorist threat." The Chittagong Stock Exchange also saw a higher turnover, topping the 1 billion mark. Transactions reached to Tk 1.19 billion from trading of almost seven and a half million shares. The highest ever turnover on the port city bourse was Tk 1.63 billion on June 24. The total turnover of the country's twin bourses on Tuesday reached Tk 10.61 billion, also a new record. The previous high was at Tk 9.30 billion on June 21. Authorities had halted transactions at 1:15pm and then evacuated the building on Monday after the bomb threat was made over phone by an anonymous caller that the stock building will be blown off soon. The caller said that a bomb had been kept inside the building. The, an official said . DSE senior vice-president Saiful Islam told bdnews24.com on Monday that the hoax bomb threat was was to panic the investors. He said that 'a certain quarter' was trying to upset the market, which has been seeing rises over the past few days . "Dhaka Stock Exchange is one of the biggest organisations of the country...we think the move to create panic was aimed to unstable the [entire country]," Islam said.

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Tuesday, March 17, 2009

PM calls for consensus to protect child rights




Dhaka, March 17 —Prime minister Sheikh Hasina, speaking on National Children's Day Tuesday, urged all to reach a consensus on protecting child rights. "Let's dedicate our present for the furtherance of future generations," said Hasina. The prime minister was addressing an audience of children and adults at a programme to mark the day alongside the 89th birth anniversary of her father and independence leader Bangabandhu Sheikh Mujibur Rahman at Osmani Memorial Hall. Addressing the children, she said, "I'm dedicating my present days to ensure that you all may live loftily, raising your heads high." "Today is National Children's Day. But I see all elders sitting in the front rows here. Please keep in mind that I'd be much happier today if I saw the children sitting in front," Hasina said addressing cabinet ministers at the front of the audience. Calling upon the affluent in society to stand beside helpless and neglected children, the prime minister said, "We must do our best to ensure a better future for our children so that they are able to laugh and stand upright as worthy global citizens." "We have failed to educate our people to date. The literacy rate is still under 60 percent. I can vouchsafe that if Bangabandhu were alive, Bangladesh wouldn't be seeking assistance today from all over the globe, it would be a model state instead," she said. Advising the children to pursue the path of justice and right, and not to bow down before any wrong, Hasina encouraged them to take lessons from her father's life. "Children must be protected against distortion of history," she added. Reminiscing about her father and his political life, Hasina said, "Like other children, we missed going to school holding our father's hand." "Instead, to meet our father, we had to go to different jails at different times. But we have always been proud of him, because he never compromised himself." "He was the leader of the nation when they killed him. But what did my mother do to suffer the same fate? My brothers? Their newly-wed brides? My ten-year old brother Russel, what was his offence? Rehana and I survived only because we were abroad," said Hasina in an emotional outburst. Earlier in the day, Sheikh Hasina and Awami League leaders, including cabinet members, the chief whip and others, laid flowers before Sheikh Mujib's portrait at Bangabandhu Memorial Museum in Dhanmondi.

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