Stocks
BEXIMCO ranked top in weekly trades
Bangladesh Export Import Company, Beximco Limited has ranked at the top of weekly trading in the bourse, Dhaka Stock Exchange, DSE.
This information is known from the DSE sources.
It is known that 3 crores 47 lakh 32 thousand 422 shares of the company were traded throughout the week. Its market value is 404 crore 8 lakh 67 thousand takas.
2 crore 19 lakh 7 thousand 974 shares of Orion Pharma Ltd, which is in the 2nd place in the list, were traded. The market value of which is 404 crore 8 lakh 67 thousand takas.
2 crore 32 lakh 76 thousand 900 shares of Navana Pharmaceuticals Ltd, which is in the 3rd place on the list, were traded. Its market value is 212 crore 14 lakh 2 thousand takas.
Among other companies in the list of tradings are – Eastern Housing Ltd Tk 210 crore 81 lakh 80 thousand, Genex Infosys Ltd Tk 210 crore 68 lakh 6 thousand, Bashundhara Paper Mills Ltd Tk 203 crore 16 lakh 7 thousand, Intraco Refueling Station Ltd Tk 168 crore 10 lakh 99 thousand, Bangladesh Shipping Corporation Ltd of Tk 163 crore 36 lakh 95 thousand, Sea Pearl Beach Resort & Spa Ltd Tk 158 crore 82 lakh 89 thousand, Anwar Galvanizing Ltd Tk 124 crore 92 lakh 96 thousand shares were traded.
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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.
