Stocks
Hosaf Group to sell 37pc of its holding in Pragati Life
Mabroor Hossain, a director of the Hosaf Group and a sponsor-director at Pragati Life Insurance Ltd, has announced he will sell 37pc of all his shares in the life insurance company.
According to the Dhaka Stock Exchange (DSE), he will sell 3.72 lakh shares from his holding of 9.97 lakh shares.
He is also the managing director of Hosaf Proficient Energy Limited, a concern of the Hosaf Group.
Other sponsor-directors of Pragati Life Insurance will buy these shares on the block market of the bourses within the next 30 days at the prevailing market price, says a disclosure filed on the stock exchanges on Sunday by the company.
Sponsor-Directors ASM Mohiuddin Monem, Tabith M Awal, Md Shafiur Rahman, and Salim Rahman have declared they will buy 50,000, 744,000, 50,000, and 197,600 shares of Pragati Life respectively.
Pragati Life Insurance started its business in 2000 and was listed on the stock market in 2006. The company is sponsored by some renowned business entrepreneurs associated with different industrial groups.
Pragati has a reinsurance agreement with the world’s largest reinsurer, Munich Reinsurance Company, of Germany.
It is also the first insurance company in Bangladesh providing status of policies with Push-Pull (SMS) service for its policyholders.
Dhaka Stock Market DSE, Bourse on the last working day of the week, 25th July, ended with a hike in Indices and Turnover from the previous working session. This information is known from DSE sources.
497 crore 34 lakh taka shares were traded on this day. 337 crore 97 lakh more tradings were done in DSE today compared to the previous workday, July 24th, Shares worth Tk 159 crores 37 lakh shares were traded last time, Wednesday.
The benchmark DSEX increased 62.81 points or 5,413 The Shariah-based index DSES added 13.81 points or 1,183 and the blue-chip index DS30 gained by 24.25 points or 1,932.
Of the issues traded, 286 advanced, 66 declined and 40 remained unchanged.
Techno Drugs Limited ranked top gainer on DSE, the share price increased by Tk 3.80 paisa or 9.87 percent. On this day, the share was last traded at Tk 42.30 paisa.
Rangpur Foundry Limited ranked top loser on the DSE, the share price dropped by Tk 5.40 paisa or 2.98 percent. On this day, the share was last traded at Tk 175.70 paisa.
DSE topped on trade is Square Pharmaceuticals PLC 35 crore 9 lakh takas of company shares have been traded.
A total of 28 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 82 lakh 94 thousand 29 shares of the companies were traded. The financial value of which is 21 crore 92 lakh taka
One of the listed companies, Eastland Insurance Company Limited discloses its financial reports for the second quarter, (April – June 24).
The company’s earnings per share (EPS) Tk 0.27 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 0.41 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. NAV per share was Tk. 20.85 as of June 30, 2024.
One of the listed companies, Shahjalal Islami Bank PLC discloses its financial reports for the second quarter, (April – June 24).
The company’s Consolidated earnings per share (EPS) Tk 1.50 paisa in Q2 of the current financial year (April – June 24). Consolidated EPS was Tk. 1.50 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. Consolidated NAV per share was Tk. 20.85 as of June 30, 2024.
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