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13 firms announced their dividends

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bourses firm dividends financial reports

Among the listed company in the share market, many firms have announced cash dividends for investors which were known from their data today, 26 October, Wednesday.

The firms are Saiham Textile Mills, Star Adhesives, National Polymer, Nahee Aluminum Composite Panel, Crown Cement, Monno Fabrics, Navana CNG, BBS Cables, Evince Textiles, Argon Denims, Runner Automobiles, ACI Formulations, & Mir Akhtar.

 

Saiham Textiles Mills Ltd

The firm has declared 12pc cash dividend for the financial year that ended June 30, 2022. This information is known from company sources.

The company earned 1 taka 37 paisa per share in the financial year ended. The previous year’s earnings per share (EPS) were Tk 1.11 paisa.

The annual general meeting (AGM) of the company will be held on December 22 to approve the declared dividend. The record date for this has been fixed on November 17.

 

Star Adhesives Ltd

The firm has declared 12.5pc cash dividend for investors for the financial year that ended June 30, 2022. According to sources, the company’s earnings per share (EPS) for the financial year ended at Tk 2.98 paisa. Earnings per share (EPS) was Tk 6.05 paisa in the corresponding period last fiscal.

The company’s NAV per share (NAVPS) at the end of June 30, 2022, stood at Tk 13.96 paisa, the firm will hold the Annual General Meeting (AGM) on 25 January 2023 to approve this dividend. The record date for this has been fixed on November 30.

 

National Polymer Ltd

NATIONAL POLYMAR

The firm has declared a 10.5pc dividend to shareholders & it’s all cash. This decision has been taken after reviewing the financial report for the financial year that ended on 30th June 2022, the company’s income per share was 2 taka 92 paisa. Earnings per share (EPS) in the corresponding period last fiscal was Tk 1.71 paisa.

The company’s assets per share (NAVPS) at the end of June 30, 2022, stood at Tk 28.62 paisa, the firm will hold the Annual General Meeting (AGM) on December 27 to approve this dividend. The record date for this has been fixed on November 17.

 

Nahee Aluminum Composite Panel Ltd

The firm has announced 10 percent cash dividend for investors, after reviewing the financial report of the financial year (June 30, 2022)  The company’s earnings per share (EPS) for the financial year ended at Tk 2.88 paisa.

Also, the company’s assets per share (NAVPS) stood at 28 taka 62 paisa at the end of June 30, 2022, the firm will hold its Annual General Meeting (AGM) on December 22 to approve the declared dividend. The record date for this has been fixed on November 20.

 

Crown Cement PLC

The Firm has declared 10pc cash dividend for the financial year ended June 30, 2022.

The company has made a loss of 1 taka 54 paisa per share in the last year. The previous year’s earnings per share(EPS) were Tk 5.79 paisa. The annual general meeting (AGM) of the company will be held on December 27 to approve the declared dividend. The record date for this has been fixed on November 21.

 

Monno Fabrics Ltd

মুন্নু

The firm has declared 2pc cash dividend for investors. This includes 1pc dividend paid on March 8, 2022, after reviewing the financial report for the financial year ended on 30th June 2022.

According to the financial report of the completed financial year, the company has earned 12 paisa per share. EPS was 06 paisa in the same period last fiscal.

The company’s assets per share (NAVPS) at the end of June 30, 2022 stood at Tk 25.37 paisa, the firm will hold annual general meeting (AGM) on December 13 to approve this dividend. The record date for this has been fixed on November 21.

 

Navana CNG Ltd

The firm has announced 10pc dividend for investors. Out of this 5pc is cash and 5pc is bonus. However, only 5pc bonus will be applicable to the founders and directors of the company, after reviewing and approving the audited financial report of the last financial year at the meeting of the company’s board of directors.

According to sources, the company earned 16 paisa per share in the financial year ended. The previous year earned 22 paisa per share.

The annual general meeting (AGM) of the company will be held on December 28 to approve the declared dividend. The record date for this has been fixed on 20 November.

 

BBS Cables Ltd

The firm has declared 13pc dividend for investors. Out of this, 8pc cash and 5pc is bonus.

The board of directors of the company took this decision after reviewing the financial report of the fiscal year ended (June 30, 2022).

 

Evince Textiles Ltd

The firm has declared 2pc cash dividend for investors, a after reviewing the financial report of the financial year that ended (June 30, 2022) . The company posted a consolidated loss of 12 paisa per share in the financial year ended. Earnings per share (EPS) in the same period last fiscal was 01 paisa.

Also, the company’s assets per share (NAVPS) at the end of June 30, 2022 stood at Tk 12.77 paisa, the firm will hold its Annual General Meeting (AGM) on December 5 to approve the declared dividend. The record date for this has been fixed on November 17.

 

Argon Denims Ltd

The firm has announced a 10pc cash dividend for investors. Even though the company’s EPS has dropped compared to the last financial year, the company has declared the same amount of dividend, after reviewing the financial report for the financial year (June 30, 2022)

The company earned 52 paisa per share in the financial year ended. EPS was 68 paisa during the same period last year. Also, the asset value per share of the company stood at 24 taka 44 paisa.

The Annual General Meeting (AGM) of the company will be held on December 5 to approve the declared dividend. The record date for this has been fixed on 17th November.

 

Runner Automobiles PLC

The firm has announced a 10pc cash dividend for investors, after reviewing the financial report of the financial year (June 30, 2022), the company’s consolidated earnings per share (EPS) for the fiscal year ended at Tk 2.40 paisa. Consolidated earnings per share (EPS) in the corresponding period last fiscal was Tk 2.70 paisa.

Also, the consolidated assets per share (NAVPS) of the company at the end of June 30, 2022, stood at Tk 66.50 paisa, the frim will hold its Annual General Meeting (AGM) on December 27 to approve the declared dividend. The record date for this has been fixed on November 24.

Also Read: 5 firms announced their dividends

ACI Formulation Ltd

The firm has announced 25pc cash dividend for investors, after reviewing the financial report dated June 30, 2022, at the company’s board meeting.

According to sources, the company’s earnings per share (EPS) for the fiscal year ended at Tk 5.14 paisa. At the time of discussion, the asset value per share of the company stood at 65 taka 88 paisa.

The Annual General Meeting (AGM) of the company will be held on December 26, 2022, to approve the dividend. And the record date has been set as 17 November 2022.

 

Mir Akhtar Ltd

The firm has declared 12.5pc cash dividend for the financial year ended on June 30, 2022. However, the company’s entrepreneur-managers will not get this dividend, the consolidated earnings per share (EPS) of the company for the fiscal year ended was Tk 2.93 paisa. The previous year’s earnings were Tk 3.80 per share.

The Annual General Meeting (AGM) of the company will be held on December 21 to approve the declared dividend. The record date for this has been fixed on November 24.

 

 

 

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Turnover, Indices Inch up: DSE Insights

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DSE Dhaka bourses

Dhaka Stock Exchange DSE, Bourse on the first working day of the week, 23th June, ended with a hike in Indices and Turnover from the previous working session. This information is known from DSE sources.

486 crore 74 lakh taka shares were traded on this day. 33 crore 80 lakh more tradings were done in DSE today compared to the previous workday, June 20th, Shares worth Tk 452 crores 94 lakh shares were traded last time, Thursday

The benchmark DSEX increased 3.00 points or 5,247 The Shariah-based index DSES added 0.59 points or 1,146, and the blue-chip index DS30 gained by 2.02 points or 1,877.

Of the issues traded, 111 advanced, 232 declined and 55 remained unchanged.

Salvo Chemical Industry Limited ranked top gainer on DSE, the share price increased by Tk 4.20 paisa or 10.00 percent. On this day, the share was last traded at Tk 46.20 paisa.

Northern Jute Manufacturing Co. Limited ranked top loser on the DSE, the share price dropped by Tk 3.70 paisa or 3.00 percent. On this day, the share was last traded at Tk 120.00 paisa.

DSE topped on trade is Sea Pearl Beach Resort & Spa Limited 20 crore 82 lakh takas of company shares have been traded.

A total of 59 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 15 lakh 63 thousand 615 shares of the companies were traded. The financial value of which is 44 crore 94 lakh taka.

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Market Woes Drive Investors Away as Dhaka Bourse Sees Significant Decline

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By June 20 this year, approximately 102,000 beneficiary owners’ (BO) accounts were emptied, and market capitalization plummeted by Tk 1.37 lakh crore due to prolonged poor returns, frustrating investors and prompting them to exit the market.

Data from the Central Depository Bangladesh Limited (CDBL) reveals that in the six months leading up to June 20, the total number of BO accounts with zero share balance surged by 34% to 398,000, while BO accounts with share balances fell by 91,651 to 1.312 million.

During this period, the benchmark index DSEX of the Dhaka Stock Exchange (DSE) dropped over 1,000 points, closing at 5,244, while the blue-chip index DS30 fell by 218 points, settling at 1,875. The market capitalization at DSE also declined by over 17%, ending at Tk 6.43 lakh crore on June 20.

Rising interest rates, taxes on individual investors’ capital gains from listed securities, and a severe confidence crisis due to regulatory interventions are collectively impacting stock market performance, according to stockbrokers and market experts.

The capital market has been grappling with economic uncertainty, exacerbated by the Russia-Ukraine war. In response to the crisis, the Bangladesh Securities and Exchange Commission (BSEC) imposed a floor price in 2022 to prevent a freefall in share prices. Despite lifting the restriction after more than two years, the bearish trend persisted. Consequently, BSEC reintroduced protective measures, including reducing the circuit breaker limit from 10% to 3%.

Abu Ahmed, former economics professor at the University of Dhaka, explained that unprecedentedly high interest rates, especially on treasury bonds, have driven large investors to shift their funds from the stock market to bonds. “With treasury bond rates steady at around 12%, it’s a risk-free, preferred choice for many investors,” he said. This shift has resulted in a fund crisis in the market, he added.

Ahmed also highlighted a decline in the number of reputable companies entering the market and underperformance in key sectors like banks, insurance, non-bank financial institutions, and manufacturing companies. He pointed out that a lack of good governance and long-term policy support has eroded investor confidence. Additionally, the government is withdrawing previously granted investment benefits.

Md Saiful Islam, president of the DSE Brokers Association of Bangladesh (DBA), stated in a June 11 press conference that factors such as the absence of high-quality initial public offerings (IPOs), governance issues among stakeholders, and the proposed capital gains tax are diminishing investor confidence. He urged the government to withdraw the capital gains tax, asserting that it exacerbates an already bleak market.

Finance Minister AH Mahmood Ali proposed a 15% tax on individual investors’ capital gains exceeding Tk 50 lakh from listed securities in the upcoming fiscal year budget, amid a market downturn. However, Abu Hena Md Rahmatul Muneem, chairman of the National Board of Revenue, argued in a post-budget press conference that taxation was not the root cause of the market’s issues, citing that long-standing tax incentives had not spurred market growth.

Despite these challenges, the benchmark index of the DSE has risen over the last four trading sessions, recovering 174 points to close at 5,244 last Thursday. Stockbrokers attribute this uptick to investor optimism about a potential rationalization of the capital gains tax proposal and a concessional salvage fund for the state-owned Investment Corporation of Bangladesh (ICB).

EBL Securities noted in their daily market commentary that rumors about the possible withdrawal of the proposed capital gains tax have instilled some confidence among cautious investors.

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Dhaka Bourse Skyrockets, Achieving 4-Day Gaining Streak

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Bourse dse indices turnover stock exchange

Dhaka Stock Exchange DSE, Bourse on the last working day of the week, 20th June, ended with a hike in Indices and Turnover from the previous working session. This information is known from DSE sources.

452 crore 94 lakh taka shares were traded on this day. 206 crore 50 lakh more tradings were done in DSE today compared to the previous workday, June 19th, Shares worth Tk 246 crores 44 lakh shares were traded last time, Wednesday

The benchmark DSEX increased 82.74 points or 5,244 The Shariah-based index DSES added 24.78 points or 1,146, and the blue-chip index DS30 gained by 31.34 points or 1,875.

Of the issues traded, 288 advanced, 55 declined and 50 remained unchanged.

Linde Bangladesh Limited ranked top gainer on DSE, the share price increased by Tk 424.10 paisa or 43.04 percent. On this day, the share was last traded at Tk 1409.40 paisa.

Global Heavy Chemicals Limited ranked top loser on the DSE, the share price dropped by Tk 1.20 paisa or 3.00 percent. On this day, the share was last traded at Tk 38.90 paisa.

DSE topped on trade is Asiatic Laboratories Limited 14 crore 63 lakh takas of company shares have been traded.

A total of 45 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 71 lakh 39 thousand 978 shares of the companies were traded. The financial value of which is 113 crore 38 lakh taka.

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