Connect with us

Stocks

Provati Insurance Expands into Brokerage with 52% Stake Acquisition of HAC Securities

Published

on

Provati Insurance

Provati Insurance Company has successfully acquired a 52% stake in brokerage firm HAC Securities, marking a strategic move to expand its presence in the brokerage business. The deal, priced at Tk4.65 crore, is viewed as advantageous for the acquiring company.

The share purchase agreement, finalized in March of this year, culminated in the official transfer of the stake to Provati Insurance on December 10. HAC Securities, once the 74th member of the Dhaka Stock Exchange (DSE), faced challenges following the stock market downturn in 2010-11, which significantly impacted its clientele and assets.

Presently, approximately 19,000 investors are utilizing the services of HAC Securities, a notable decrease from its pre-2010 client base. Brokerage firms, previously sought after for takeover in the late 2000s, experienced a paradigm shift in valuation dynamics after the market crash. The DSE, which once witnessed a daily turnover exceeding Tk2,000 crore in 2010, now struggles to surpass Tk1,000 crore per day.

The financial performance of brokerage firms, reliant on trade order execution commissions, is influenced by factors such as portfolio investment performance and the recovery of margin loans. Provati Insurance’s acquisition of a majority stake in HAC Securities exemplifies a strategic effort to navigate the evolving landscape of the financial market.

Share this

Stocks

Dhaka Bourse Performed Mixed

Published

on

dse bourse indices turnover dhak stock exchange stock market

Dhaka Stock Market DSE, Bourse on the third working day of the week, 16th July, ended with a mixedperformance in Indices and drop in Turnover from the previous working session. This information is known from DSE sources.

662 crore 24 lakh taka shares were traded on this day. 39 crore 98 lakh more tradings were done in DSE today compared to the previous workday, July 15th, Shares worth Tk 662 crores 24 lakh shares were traded last time, Monday.

The benchmark DSEX decreased 1.82 points or 5,484 The Shariah-based index DSES dropped 1.56 points or 1,201 and the blue-chip index DS30 gained by 17.08 points or 1,961.

Of the issues traded, 121 advanced, 221 declined and 55 remained unchanged.

NRB Bank Limited ranked top gainer on DSE, the share price increased by Tk 1.10 paisa or 10.00 percent. On this day, the share was last traded at Tk 12.10 paisa.

Prime Textiles Mills Limited ranked top loser on the DSE, the share price dropped by Tk 0.50 paisa or 3.00 percent. On this day, the share was last traded at Tk 16.20 paisa.

DSE topped on trade is Reckitt Benckiser Limited 23 crore 33 lakh takas of company shares have been traded.

A total of 42 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 89 lakh 50 thousand 218 shares of the companies were traded. The financial value of which is 50 crore 62 lakh taka

Share this
Continue Reading

Stocks

Sena Kalyan Insurance releases Q2 FInancials

Published

on

Sena Kalyan Insurance

One of the listed companies, Sena Kalyan Insurance Company Limited discloses its financial reports for the second quarter, (April – June 24).

The company’s earnings per share (EPS) Tk 1.14 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 2.06 for January-June 2024 as against Tk. 1.32 for January-June 2023. EPS  was Tk 0.80 paisa during the same period last year. NAV per share was Tk. 22.83 as of June 30, 2024.

Share this
Continue Reading

Stocks

Dhaka Bourse on Green Despite Sluggish Indices

Published

on

dse dhaka bourse index turnover

Dhaka Stock Market DSE, Bourse on the second working day of the week, 15th July, ended with a gaining performance in Indices and Turnover from the previous working session. This information is known from DSE sources.

662 crore 24 lakh taka shares were traded on this day. 39 crore 98 lakh more tradings were done in DSE today compared to the previous workday, July 12th, Shares worth Tk 622 crores 25 lakh shares were traded last time, Sunday.

The benchmark DSEX increased 2.17 points or 5,484 The Shariah-based index DSES added 0.72 points or 1,203 and the blue-chip index DS30 gained by 7.17 points or 1,937.

Of the issues traded, 140 advanced, 191 declined and 66 remained unchanged.

Information Services Netowrk Limited ranked top gainer on DSE, the share price increased by Tk 4.50 paisa or 9.93 percent. On this day, the share was last traded at Tk 49.80 paisa.

Linde Bangladsh Limited ranked top loser on the DSE, the share price dropped by Tk 33.40 paisa or 3.00 percent. On this day, the share was last traded at Tk 1,080.10 paisa.

DSE topped on trade is Orion Infusion Limited 57 crore 23 lakh takas of company shares have been traded.

A total of 40 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 53 lakh 88 thousand 588 shares of the companies were traded. The financial value of which is 51 crore 12 lakh taka

Share this
Continue Reading