Stocks
ADN Telecom Sponsor Initiates Share Transfer to Children
Mamonoor Rashid, a Sponsor of ADN Telecom, has announced his intention to transfer a portion of his shares within the company.
Out of his total holding of 13,05,000 shares, he plans to transfer 10 lakh shares to his children. Ahnaf Rafid, his son, will receive 6 lakh shares, while his daughter, Ayesha Amanah Nuha, will receive 4 lakh shares. Both recipients are general shareholders within the company. The transfer will occur outside the trading system of the Exchange and is scheduled to be completed by April 30.
One of the listed companies, Provati Insurance Company Limited discloses its financial reports for the first quarter, (January – March 24).
The company’s earnings per share (EPS) was Tk 0.55 paisa in Q1 of the current financial year (January – March 24). EPS was Tk 0.73 (restated) paisa during the same period last year. As of March 31, 2024, at the end of the first quarter of the fiscal year, the company’s net asset value (NAV) per share stood at Tk 21.56.
One of the listed companies, Delta Life Insurance Company Limited, discloses its financial reports for the first quarter, second quarter. This source is known from DSE.
Q1: The company’s consolidated life revenue account for January to March 2022 shows significant growth and increased activity in its life insurance segment.
As of March 31, 2022, the balance of the Life Insurance Fund stood at 39,447.09 million taka. This marks an increase from 38,669.99 million taka recorded on March 31, 2021, resulting in a net growth of 777.10 million taka over the year.
The company also reported a substantial rise in net premium income for the first quarter of 2022. Net premiums collected from January to March 2022 amounted to 1,534.55 million taka, compared to 1,277.77 million taka during the same period in 2021.
However, the company experienced a rise in total expenses for the first quarter of 2022. Expenses reached 2,624.33 million taka, up from 2,137.90 million taka during the same period in 2021.
Q2: According to the company’s consolidated life revenue account for the half year ending June 30, 2022, the Life Insurance Fund grew significantly. The balance of the fund was 39,757.84 million taka as of June 30, 2022, compared to 38,752.46 million taka on March 31, 2021, resulting in a net increase of 1,005.38 million taka.
Net premiums collected from April to June 2022 were 2,042.16 million taka, up from 1,549.95 million taka during the same period in 2021, showing a healthy increase in premium income.
Total expenses for April to June 2022 were 2,523.06 million taka, compared to 2,282.25 million taka during the same period in 2021. This rise in expenses reflects the company’s expanded operations and investments.
Q3: According to the company’s consolidated life revenue account for the third quarter ending September 30, 2022, the Life Insurance Fund showed significant growth. The balance was 39,908.687 million taka as of September 30, 2022, compared to 38,745.166 million taka on September 30, 2021, marking a net increase of 1,163.521 million taka.
Net premiums collected during July-September 2022 were 1,751.352 million taka, up from 1,665.650 million taka in the same period in 2021, indicating an increase in premium income.
Total expenses for July-September 2022 were 2,289.415 million taka, down from 2,493.825 million taka during the same period in 2021. This decrease in expenses reflects improved cost management.
Dhaka Stock Exchange DSE, Bourse on the first working day of the week, 19th May, ended with a drop in Indices and Turnover from the previous working session. This information is known from DSE sources.
409 crore 18 lakh taka shares were traded on this day. 267 crore 60 lakh less tradings were done in DSE today compared to the previous workday, 16th May , Shares worth Tk 676 crores 79 lakh shares were traded last time, Thursday
The benchmark DSEX lost 86.13 points or 5,431 The Shariah-based index DSES dropped 20.52 points or 1,191, and the blue-chip index DS30 decreased by 25.55 points or 1,948.
Of the issues traded, 22 advanced, 347 declined and 19 remained unchanged.
Shepherd Industries PLC ranked top gainer on DSE, the share price increased by Tk 1.30 paisa or 9.35 percent. On this day, the share was last traded at Tk 15.20 paisa.
Desh General Insurance Company Limited ranked top loser on the DSE, the share price dropped by Tk 0.90 paisa or 3.00 percent. On this day, the share was last traded at Tk 29.10 paisa.
DSE topped on trade is Beach Hatchery Limited 18 crore 94 lakh takas of company shares have been traded.
A total of 53 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 32 lakh 72 thousand 812 shares of the companies were traded. The financial value of which is 41 crore 57 lakh taka
