Stocks today witnessed upward trends as major indices of both Dhaka and Chittagong Stock Exchanges rose up on higher activities of some large-cap securities. The broader DSEX of DSE closed the day with 26.81 points up at 5,160.75. The blue-chip DS30 and the Shariah DSES also followed the same trend with 4.75 points up at 1,844.30 and with 10.04 points up at 1,186.53. At DSE, out of the day’s 353 securities, prices of 242 securities closed higher against 93 losing issues. The day’s trade value at DSE increased to Taka 437.77 crore from Sunday’s Taka 406 crore. But, the daily trade fell to 14.46 crore share from 15.47 crore share of the previous session. The major gaining issues were DSHGARME, Monno Ceramics, SEMLFBSLGF, Sonar Bangladesh Insurance and Intech. The major losing issues were VAMLRBBF, Emerald Oil, VAMLBDMF1, NCCBLMF1 and EBL1STMF. Fortune topped the turnover list followed by UPGDCL, BSC, Square Pharma and Monno Ceramics. The Chittagong Stock Exchange (CSE) closed the day of the week with upward trends with its major CASPI 78.18 points up at 15,794.96. At CSE, 276 issues were traded. Of those, 179 closed higher and 75 closed lower.

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The country’s economy is expanding with a steady GDP growth rate of 8.1 percent, but it fails to ensure full implementation of the budget as the project works are often delayed resulting in rise in expenditure.

“All concerned should work sincerely for speeding up project implementation for maintaining quality to supplemment the government’s efforts of building a developed country,” experts made the observation while speaking at the workshop of Government-Tenderers’ Forum (GTF) at the Circuit House in Barishal.

Implementation Monitoring and Evaluation Division (IMED) Secretary Abul
Mansur M Faizullah attended the workshop as the chief guest while Divisional
Commissioner of Barishal Mohammad Yamin Chowdhury, Public Policy
Implementation Advisor of the Central Procurement Unit (CPTU) under IMED AKM
Fazlul Karim also spoke at the programme as special guests.

Deputy Commissioner of Barishal SM Ajior Rahman presided over the workshop
while Principal Project Management Consultant of Digitizing Implementation
Monitoring and Public Procurement Project (DIMAPPP) Mosta Gausul Haque
moderated the workshop.

Senior Deputy Director of BCCP Khadija Bilkis made a presentation on GTF
while IMED Deputy Secretary M Aknoor Rahman, among others, spoke on the
occasion.

The workshop was organized by CPTU under DIMAPPP of the World Bank and
facilitated by Bangladesh Center for Communication Program (BCCP).

Mentioning that the country is advancing towards achieving Prime Minister
Sheikh Hasina’s target of turning Bangladesh into a developed country by
2041, Abul Mansur M Faizullah said the present project implementation pace is
not satisfactory and it should be accelerated. He said the concerned
officials are mainly responsible for slow progress in ADP implementation
which is increasing the project cost; he urged them to come out of this
bottleneck.

Mohammad Yamin Chowdhury said the country is advancing faster by ensuring
transparency in public procurement through eGP.

Representatives from various procuring entities and tenderers in the
district participated at the workshop and raised the problems faced by them
in the procurement process. The senior IMED and CPTU officials assured them
of resolving the problems with highest priority.

The speakers viewed that institutionalizing of GTF can make public spending
effective and transparent through ensuring proper implementation of
development projects.

(BSS)