Stocks
Despite Turnover Surges, DSE Sees Dip in Indices & Market Cap in Weekly Reports
Weekly Dhaka Stock Exchange, DSE, Dhaka Bourse has seen a drop in Indices, & Market Capitalization throughout the whole week, on the other hand Turnover hikes. This information was disclosed in the weekly market review from the DSE.
According to sources, (5 working days) the turnover of DSE added by Tk 307 crore 28 lakh (June 2 – June 6). At the same time, the market capitalization has decreased by 2 thousand 444 crore 18 lakh taka.
The benchmark index ‘DSEX’ dropped by 14.64 points or 0.28 percent, in the outgoing week. At the end of the week, the index stands at 5,237 points. The Shariah-based index ‘DSES’ lost 6.94 points or 0.61 percent and therefore the index stands at 1,136 points. The blue-chip index ‘DS30’ decreased by 16.86 points or 0.90 percent, hence the index stands at 1,857 points.
Shares and units worth 2 thousand 258 crore 2 lakh taka were traded in Dhaka Stock Exchange. At the end of the week, the market capitalization stood at 6 lakh 46 thousand 477 crore 9 lakh taka.
Shares and units of 393 companies were traded on Bourse during the week. Of these, 22 shares were unchanged, 204 companies declined, and 167 companies advanced.
Rupali Life Insurance Company Limited has ranked at the top of weekly trading on DSE. The Company records an average turnover of 24 crore 44 lakh taka.
Central Pharmaceuticals Limited ranked at the top of weekly gainers on DSE. The share has risen 21.82 percent to its highest price.
Khan Brothers Paper Woven Bag Industries Limited has ranked at the top of weekly losers on DSE. The share has dropped 13.95 percent lowest in the last week.
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.
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.
The Bangladesh Securities and Exchange Commission (BSEC) has removed three audit firms from its panel for their failure to secure enlistment with the Financial Reporting Council (FRC), according to a notice issued today.
The firms—A Hoque & Company, FAMES & R, and SK Barua & Company Chartered Accountants—were delisted following the FRC’s request. In December last year, the FRC published a list of enlisted audit firms and subsequently, in February, requested the BSEC to remove any firms that were not included on that list.
BSEC regulations mandate that financial statements signed by auditors outside its approved panel will not be accepted. With the removal of these three firms, the total number of audit firms on the BSEC panel has been reduced from 48 to 45.
Sources from the FRC revealed that 15-20 audit firms failed to secure enlistment last year, and approximately 45 chartered accountants are currently under restrictions imposed by the Institute of Chartered Accountants.
Although the delisted firms can no longer audit issuer companies or listed securities, they are allowed to complete audit and assurance services that were initiated before their removal, the BSEC clarified.
