DSEX climbs on insurance shares

Six insurance companies took place on the top ten gainers list. Republic Insurance led the table with a 9.96% share price hike on Monday at the DSE.

DSEX, the key index of the Dhaka bourse, witnessed an upturn session as investors poured funds into the insurance shares on Monday.

Although in the first hour of the day, the market observed sell pressure which plunged the key index of the Dhaka Stock Exchange (DSE).

After that, bargain hunters came into the market and injected their funds into the insurance shares, which helped the index turn around from its downfall.

Market insiders said, due to investors’ quick gaining mood, insurance shares were absorbed selling pressure in the last two weeks. Now, these shares are in a buying position and investors are choosing it in hopes of capital gain.

That is why, six insurance companies took place on the top ten gainers list. Republic Insurance led the table with a 9.96% share price hike on Monday at the DSE.

Meanwhile, at the end of the Monday session, DSEX gained 8 points to reach 6,272.

However the turnover value of the DSE fell by 12% to Tk465 crore against the previous session.

Source: The Business Standard

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Iram Hoque

Mohd. Iramul Hoque (Iram) completed his bachelor’s degree in Industrial Engineering in 2018 from Purdue University.

He joined Deloitte Consulting LLP as a Consulting Analyst based out of New York City having previously worked in similar roles at PricewaterhouseCoopers LLP & Landis+Gyr.

Iram left consulting and returned to Bangladesh to take up the family business. Realizing the opportunity in the capital market in Bangladesh, Iram worked relentlessly to found Columbia Shares & Securities Ltd in 2021.

Md Saiful Hoque

Md. Saiful Hoque received his bachelor’s degree in Civil Engineering from Columbia University in 1986 followed by a master’s degree from Texas A&M University in 1988. Upon completion of his Graduate Degree, he joined Gulf Interstate Engineering Company in Houston, USA serving as a Project Engineer.

He returned to Bangladesh in 1992 to join Columbia Enterprise Ltd., the family business of Shipping and Freight Forwarding services. In addition, he has built flourishing businesses manufacturing Garment’s Accessories and Fast-Moving Consumer Goods.