Stocks
Associated Builders to sell another 5.3m Mutual Trust Bank shares
Associated Builders Corporation Limited – a sponsor of Mutual Trust Bank – wants to sell another 53.17 lakh shares of the private sector lender.
Earlier, in August, the company – one of the top construction firms in the country – sold 24.37 lakh shares from its total holding of 1.88 crore shares of the bank.
Rashed Ahmed Chowdhury, a nominated director of the bank, bought the shares.
Currently, the construction company owns more than 1.63 crore shares of the bank.
From its existing holding, the company will now sell another 53,17,500 shares of the bank, according to a stock exchange filing on Monday.
Associated Builders said it will sell the shares at the prevailing market price in the block market through the Dhaka Stock Exchange within 31 October.
Established in 1972, the private limited company is involved in the construction of industrial projects, bridges, jetties, harbors, roads and all types of buildings.
Mutual Trust Bank got listed on the capital market in 2003. Its shares closed at Tk16.60 each on Monday.
In the first half of 2022, its net profit after tax increased to Tk133.66 crore, from Tk85.82 crore in the same period of the previous year.
In 2021, the bank registered a profit of Tk297.32 crore and paid a 10pc stock dividend to its shareholders.
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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