Connect with us

Stocks

Sandhani Life Insurance Shares Jump 23%

Published

on

Sandhani Life Insurance

Sandhani Life Insurance experienced a remarkable uptick in its shares, soaring over 23% from January 11 to January 15 at the Dhaka Stock Exchange (DSE). This surge follows a prolonged period, from October 3, 2023, to January 10, 2024, where the company’s share price remained stagnant at the floor price of Tk26.9. The recent boost is attributed to the appointment of the company’s former CEO, Ahsanul Islam (Titu), as a state minister in the government.

After Ahsanul’s appointment, the closing price on Monday reached Tk33.3, signaling a substantial gain of Tk6.4 within just three trading days.

Ahsanul Islam, who served as the CEO for several years before resigning in 2018 to become an adviser to the company, still holds a significant stake of 36.56 lakh shares. Market insiders note that Ahsanul Islam’s family members dominate Sandhani Life Insurance’s board.

Investors are optimistic about the potential positive impact of Ahsanul’s new role as a state minister on the insurance company. His close ties to the government are seen as a potential avenue for new business opportunities. Ahsanul Islam, elected as a member of parliament from Tangail in the 12th national election, took oath as a cabinet member on January 11.

Sandhani Life Insurance, listed on stock exchanges in 1996, has sponsors and directors holding 29.45% of shares, institutional investors with 12.82%, and general investors with 57.73%. The company paid a 12% cash dividend to shareholders for the year 2022, maintaining the same dividend rate since 2019.

As of September last year, the company’s life fund stood at Tk672 crore, reflecting a 7% decrease compared to the previous year. Despite this, the recent market response suggests heightened investor confidence and optimism regarding the company’s future prospects under Ahsanul Islam’s influence in the government.

Share this

Stocks

Indices Negative Amidst Turnover Hikes

Published

on

dse bourse indices turnover dhak stock exchange stock market

Dhaka Stock Market DSE, Bourse on the second working day of the week, 30th September, ended with a negative performance in Indices and a hike in Turnover from the previous working session. This information is known from DSE sources.

503 crore 90 lakh taka shares were traded on this day. 22 crore 58 lakh more tradings were done in DSE today compared to the previous workday, 29th September, Shares worth Tk 481 crores 31 lakh shares were traded last time, Sunday.

The benchmark DSEX lost 33.61 points or 5,624 The Shariah-based index DSES dropped 7.36 point or 1,263 and the blue-chip index DS30 decreased by 9.57 points or 2,053.

Of the issues traded, 72 advanced, 299 declined and 25 remained unchanged.

Shahjibazar Power Company Limited ranked top gainer on DSE, the share price increased by Tk 4.00 paisa or 9.76 percent. On this day, the share was last traded at Tk 45.00 paisa.

Dhaka Electric Supply Company Limited ranked top loser on the DSE, the share price dropped by Tk 1.80 paisa or 7.56 percent. On this day, the share was last traded at Tk 22.00 paisa.

DSE topped on trade is Pragati Life Insurance Limited 25 crore 35 lakh takas of company shares have been traded.

A total of 27 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 50 lakh 42 thousand 956 shares of the companies were traded. The financial value of which is 65 crore 60 lakh taka

Share this
Continue Reading

Stocks

National Polymer Announce Their Dividends & Q2 Financials

Published

on

One of the Listed companies, National Polymer Limited has recommended 10.50% Cash Dividend for the year ended June 30, 2024.

It has reported Consolidated EPS of Tk 2.27 paisa, and Consolidated NAV per share of Tk 30.63 for the year ended March 31, 2024.

The Annual General Meeting (AGM) of the company will be held on December 18, through the digital platform. The record date for this has been fixed at October 22.

The Company also discloses its financial reports for the second quarter, (April – June 24).

As per the company’s consolidated life revenue account for April to June 2024, the excess of total income over total expenses, including claims (surplus), stood at Tk 1,394.24 million. This marks a significant increase from the surplus of Tk 823.68 million during the same period in 2023.

For the first half of 2024, from January to June, the company reported a surplus of Tk 2,177.57 million, compared to Tk 1,290.39 million in the corresponding period of the previous year.

Additionally, the Life Insurance Fund balance as of June 30, 2024, reached Tk 55,188.62 million, showing a net increase of Tk 5,892.25 million from Tk 49,296.37 million on June 30, 2023.

Share this
Continue Reading

Stocks

Beacon Pharma Declares Their Dividends

Published

on

One of the Listed companies, Beacon Pharmaceuticals PLC has recommended 20% Cash dividend and 10% Cash Dividend to Sponsor Shareholder and Directors for the year ended June 30, 2024.

It has reported EPS of Tk 2.26 paisa, and NAV per share of Tk. 26.37 for the year ended June 30, 2024.

The Annual General Meeting (AGM) of the company will be held on December 23, through the digital platform. The record date for this has been fixed at October 27.

Share this
Continue Reading