Stocks
Weekly Trade performed mixed on Dhaka Bourse
Weekly Dhaka Stock Exchange, DSE, Dhaka Bourse has seen a hike in trading. On the other hand, The market capitalization has seen drops.
This information was revealed in the weekly market review from the DSE
According to sources, the market capitalization of DSE dropped by Tk 2 thousand 742 crore 62 lakh 25 thousand 961 last week. At the same time, the transaction has increased by 349 crore 60 lakh 52 thousand 292 taka.
The main DSE index lost 56.90 points in the outgoing week. At the end of the week, the index stands at 6,353 points.
However, the other two indices, ‘DS30’ lost 17.02 points and ‘DSES’ 16.07 points.
Shares and units worth 5 thousand 822 crore 30 lakh 76 thousand 183 taka were traded in Dhaka Stock Exchange last week. At the end of the week, the market capitalization stood at 7 lakh 71 thousand 556 crore 2 lakh 29 thousand 787 taka.
Shares and units of 398 companies were traded on DSE during the week. Of these, 223 shares were unchanged. Only 129 companies fell, while 34 companies rose.
/NR
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.
