Stocks
Paramount Textile to peddle its shares of Meghna Bank
Paramount Textile PLC, a listed firm belonging to the Paramount Group, has decided to sell its entire holding of the Meghna Bank for Tk3 crore.
A general shareholder Imrana Zaman Chowdhury will buy the shares says a disclosure published on the stock exchanges.
According to the disclosure, Paramount Textile holds 22,68,400 shares of the Meghna Bank.
Md Robiul Islam, company secretary of Paramount Textile, told that their company has so many investment opportunities as it is involved in various sectors.
They are getting good returns too, he said.
“Considering all aspects, the company is selling the shares of the Meghna Bank. The money will be spent on the company’s current development work,” he noted.
The woven fabrics manufacturer Paramount Textile has recently invested in the power sector.
In November, the company decided to spend $85.45 million on enhancing its production capacity.
As per company information, it wants to invest $70.45 million for BMRE (Balancing, Modernisation, Rehabilitation, and Expansion), and $15 million to set up a new fabric unit.
Paramount Textile was incorporated in 2006. It produces and delivers woven fabrics and more than 85pc of its total income comes from yarn-dyed fabrics.
The company got listed on the stock exchanges in 2013. The company had paid 20pc cash and 5pc stock dividends in fiscal 2021.
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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