Stocks
DSE-SME platform is ahead of the stock market in dividends
215 DSE-listed companies have declared cash dividend for the fiscal year ended (June 30, 2022). Out of this, 204 shares of the company are traded in DSE. The remaining 11 companies are listed on the SME Market (Small & Medium Enterprises). According to the companies, 56 percent of the companies in the market will pay more than 10 percent dividends to investors in the fiscal year ended. On the other hand, 81 percent of companies in the SME market are paying more than 10 percent dividends to investors.
11 companies listed on the SME market have declared cash dividends of around Tk 30 crore for the financial year ended (June 30, 2022). Among the companies, 9 companies will give 10 percent or more dividends. Out of this, the highest dividend will be given by the Krishibid seed. And Nialco Alloys declared the lowest dividend. This information is known from related sources.
It is reported that among the listed companies in the SME market, Krishibid Seed, which has declared the highest cash dividend, will pay 15 percent cash dividend to investors. The amount of this dividend is Tk 4.5 crore.
Star Adhesivse is second in cash dividend payout in the SME market. The company will pay 12.5 percent dividend to investors for 2022. The amount of this dividend is Tk 2.5 crore.
Oryza Agro Industries Limited has declared 11 percent cash dividend to common investors for the fiscal year ended. The general investors of the company will get a total dividend of 3 crore 76 lakh takas.
Also, 6 companies of SME platform have declared 10 percent cash dividend to common investors. Out of this, BD Paints 4 crore 24 lakh, Achia Sea Food 2 crore 59 lakh, Mamun Agro 3 crore 50 lakh, Master Feed Agrotech 4 crore 10 lakh, Himadri Limited 8 lakh and Yousuf Flour Mills 6 lakh taka.
Among the companies that declared dividend, 6 companies declared dividend only to general investors. The founders and directors of these companies will not receive dividends. The companies are – BD Paints Limited, Mamun Agro Products, Mustafa Metal Industries, Achia Sea Food, Oryza Agro Industries & Master Feed Agrotech Limited.
Al Amin, a DSE market analyst and Associate Professor of Accounting and Information Systems Department of Dhaka University, imagined that SME companies should be given a chance if they want to do well in the market. He told Orthosongbad that SME platform companies have given better dividends compared to the DSE market. Giving a chance to small-cap companies that are making good profits will be good for the DSE market. Because there are many companies in our core market that are paying nominal dividends.
Regarding investment in SMEs, he said, the investment decision is up to the investors themselves. If the share price of SME companies is in line with the market, then price increase is not a headache. And if share price is increased by manipulation, then BSEC takes action.
Incidentally, on September 16 last year (2021), the OTC market of two stock exchanges (DSE and CSE) was canceled by the capital market regulatory body Bangladesh Securities and Exchange Commission. On that day, the commission decided to delist 29 companies and transfer 41 companies to SME and ATB (Alternative Trading Board). Later, on September 30 of the same year, trading started on the SME platform of the Dhaka Stock Exchange. On that day, trades were initially launched on DSE’s SME platform with six companies. Presently there are 15 companies listed in the DSE-SME Platform.
Asif Mahmood, Chairman of ADN Telecom Ltd., extends a warm welcome to Shibli Rubayat-Ul-Islam, Chairman of the Bangladesh Securities and Exchange Commission (BSEC), on his reappointment.
Md. Maruf, serving as an Independent Director at ADN Telecom Ltd., and Md. Mostafijur Rahman, Assistant Manager at ADN Telecom Ltd., were also in attendance at the event. This occasion served as an opportunity for industry leaders to express their support for Shibli Rubayat-Ul-Islam’s continued leadership at the BSEC, highlighting his contributions to the regulatory landscape of Bangladesh’s securities market.
Furthermore, Asif Mahmood emphasized the importance of stability and continuity in regulatory leadership for fostering investor confidence and promoting sustainable growth in the securities sector. He expressed optimism about the future initiatives under Shibli Rubayat-Ul-Islam’s guidance, aimed at further strengthening the country’s capital markets.
The reappointment of Shibli Rubayat Ul Islam as Chairman of BSEC comes at a critical juncture, as Bangladesh’s securities market continues to evolve and expand, with increasing participation from domestic and international investors.
Dhaka Stock Exchange DSE, Bourse on the first working day of the week, 12th May, ended with a drop in Indices and hike in Turnover from the previous working session. This information is known from DSE sources.
985 crore 88 lakh taka shares were traded on this day. 74 crore 50 lakh more tradings were done in DSE today compared to the previous workday, 9th May , Shares worth Tk 911 crores 37 lakh shares were traded last time, Thursday.
The benchmark DSEX added 35.67 points or 5,696 The Shariah-based index DSES gained 7.89 points or 1,250, and the blue-chip index DS30 increased by 11.36 points or 2,026.
Of the issues traded, 93 advanced, 258 declined and 41 remained unchanged.
Padma Life Insurance Limited ranked top gainer on DSE, the share price increased by Tk 2.50 paisa or 10 percent. On this day, the share was last traded at Tk 27.50 paisa. Also Trust Islami Life Insurance ranked top gainer on DSE, the share price increased by Tk 4.40 paisa or 10 percent. On this day, the share was last traded at Tk 48.40 paisa
GQ Ballpen Industries Limited ranked top loser on the DSE, the share price dropped by Tk 4.3 paisa or 2.99 percent. On this day, the share was last traded at Tk 139.20 paisa.
DSE topped on trade is Asiatic Laboratories Limited 47 crore 6 lakh takas of company shares have been traded.
A total of 47 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 66 lakh 66 thousand 55 shares of the companies were traded. The financial value of which is 41 crore 29 lakh taka
The Dhaka Stock Exchange (DSE) and the DSE Brokers Association (DBA) have expressed gratitude towards Prime Minister Sheikh Hasina for her directive to list government companies in the capital market, a move hailed as timely and positive.
The directive was issued during the recent meeting of the Executive Committee of the National Economic Council (Ecnec) last Thursday.
Dr. Hafiz Muhammad Hasan Babu, Chairman of DSE, described the directive as a significant step towards enhancing the dynamics of the capital market. He emphasized that besides invigorating the capital market, this move would also attract foreign investment and promote sustainable development.
Despite previous efforts, government institutions had not been listed in the stock exchange, according to a notification issued by the DSE. The Prime Minister’s directive is seen as a pivotal step towards revitalizing and expanding the economy.
Dr. Babu further remarked, “The listing of reputable companies in the capital market, as directed by the Prime Minister, will greatly benefit the country’s economy. It will also enhance investor confidence.”
Similarly, the DBA released a notification applauding the Prime Minister’s directive, terming it as positive and timely for the capital market.
Saiful Islam, President of DBA, expressed optimism about the directive’s potential to accelerate the country’s capital market and overall economy. He pledged support to relevant government departments and regulatory bodies in implementing the directive, ensuring its positive impact on the economy, including the capital market.
