Connect with us

Stocks

DSE to begin trading on ATB this October

Published

on

DSE block market dividends

Exchanging on the alternative trading board (ATB) of Dhaka bourse is tend to begin at the end of this month as all preparations to this end have already been finished.

At first, the trading shall commence with the listing of 4 securities, according to Dhaka Stock Exchange (DSE) officials.

“The companies are working to dematerialize (demat) their shares. We are hoping the trade of the securities on ATB to start from October 20-25,” said DSE managing director M Shaifur Rahman Mazumdar.

He said the ATB rules are now in the process of printing and the DSE is accelerating other jobs to start the trading on the board.

“We are hoping the trade shall begin through the listing of 3 companies and one debt securities,” said the DSE official.

The Bangladesh Securities and Exchange Commission (BSEC) previously approved the rules for the ATB to facilitate the growth of non-listed companies, any kind of bonds, debenture, Sukuk, open-end mutual funds and alternative investment funds.

The regulator paved the way for the ATB in order to diversify the country’s stock market along with enhancing the exchange’s revenue income.

As per the rules, the companies will not raise funds through ATB.

“Their shares will be traded on the ATB. The brokerage firms will help transfer the shares which will be listed on the ATB,” said the DSE managing director Mr. Rahman.

Presently, there are two boards on the premier bourse. They are main board and SME board.

 

Share this
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Stocks

Index on Negative, Turnover shows slight Gain on DSE

Published

on

dsex dse

Dhaka Stock Exchange DSE, Bourses on the first working day of the week, March 27, ended with price index  drops & turnover hikes.

This information is known from DSE sources.

317 crores 60 lakh shares were traded in DSE on this day. 30 crores 62 lakhs more trading was done in DSE today compared to the previous workday, 23 March, Shares worth Tk 286 crores 97 lakh shares were traded in DSE last time, Thursday.

The benchmark index DSEX dropped 11.38 points or 6,203. The Shariah-based index DSES shed 3.56 points or 1,349, and the blue-chip index DS30 lost 2.60 points or 2,215.

Of the issues traded, 28 advanced, 72 declined, and 183 remained unchanged.

Legacy Footwear Limited ranked top gainer on DSE, the share price increased by Tk 5.6 paisa or 9.96 percent. On this day, the share was last traded at Tk 61.80 paisa.

On the other hand, Islamui Commercial Insurance Company Ltd ranked top loser on the DSE, the share price dropped by Tk 1.3 paisa or 4.71 percent. On this day, the share was last traded at Tk 26.30 paisa.

DSE topped on trade Unique Hotel & Resorts PLC 41 crores 52 lakh 86 thousand takas of shares of the company have been traded.

A total of 52 companies’ shares were traded in the Block on Dhaka Stock Exchange, 25 lakh 74 thousand 877 shares of the companies were traded. The financial value of which is 18 crore 76 lakh taka.

Share this
Continue Reading

Stocks

Salvo Chemical discloses Q2 Financials

Published

on

salvo

One of the listed companies, Salvo Chemical Industry Limited, discloses its financial reports for the second quarter, (October-December 22). This source is known from DSE.

The company’s earnings per share (EPS) was Tk 0.37 paisa in Q2 of the current financial year. EPS was Tk 0.80 paisa during the same period last year. As of December 31, 2022, net asset value (NAVPS) was loss of  Tk 15.42 paisa.

The company reported  EPS has been decreased due to increase in costs because of high raw material price in local and import prices, currency devaluation and increase in energy price which adversely affected overall profitability of the Company.

/NR

 

Share this
Continue Reading

Stocks

Prime Islami Life Insurance releases its Dividends

Published

on

prime

One of the Listed Companies, Prime Islami Life Insurance Limited has recommended 2 percent cash Dividend to its investors for the Financial Year ending December 31, 2022.

This source is known from DSE.

The Annual General Meeting (AGM) of the company will be held on May 29 through the digital platform. The record date for this has been fixed at April 17.

/NR

Share this
Continue Reading