DSE approves 3% cash dividend for FY20

The board of directors of the Dhaka Stock Exchange (DSE) approved the declaration of a 3% cash dividend for the financial year that ended on 30 June 2020. 

The approval came at the bourse's 59th annual general meeting (AGM), which was held on 26 December through a digital platform, said a press release.

The DSE directors have also appointed auditors for the next financial year at the AGM. 

The meeting was presided by its Chairman Md Yunusur Rahman.

He said the stock exchange saw daily turnover of Tk1,500 crore in the last few days thanks to: the current government's policy support on capital markets, the positive role of the concerned ministries, the far-reaching plans of the Bangladesh

"DSE started working on the digital platform in the interest of the capital market and investors despite many obstacles. The board of directors has taken a number of initiatives to diversify DSE's revenue streams," he added.

Md Yunusur Rahman also said that API UAT connections have been provided to five TREC holder companies from DSE. Soon all these companies will be able to start direct trading activities through their own Order Management System (OMS).

Following this, it is planned to gradually bring all the TREC holder companies under this opportunity. Also, a board called Central Counterparty Bangladesh Limited (CCBL) has been formed and registered, and its board of directors has been formed and some important activities have already been started under the board. 

Director Md Rakibur Rahman and newly elected Director Md Siddiqur Rahman also spoke on behalf of the DSE board of directors. Representatives of different companies also spoke at the meeting.

Later, DSE Managing Director Kazi Sanaul Hoq answered various questions of the shareholders including DSE tower project and new products.