Stocks
DSE drops on the first working day of the week
Dhaka Stock Exchange DSE, Bourses on the first working day of the week, December 18, ended with price index & trade drops.
This information is known from DSE sources.
340 crores 48 lakh shares were traded in DSE on this day. 8 crores 47 lakh less trading was done in DSE today compared to the previous workday, 15 December, Shares worth Tk 425 crores 27 lakh shares were traded in DSE last time, Thursday.
The benchmark index DSEX shed 11.21 points or 6,245. The Shariah-based index DSES dropped 4.01 points or 1,368, and the blue-chip index DS30 lost 4.33 points or 2,204.
Of the issues traded, 30 advanced, 56 declined, and 223 remained unchanged.
Islami Commercial Insurance Company Limited ranked top gainer on DSE, the share price increased by 1 taka 20 paisa or 9.92 percent. On this day, the share was last traded at 13 taka 30 paisa.
On the other hand, Orion Infusion Limited ranked top loser on the DSE, the share price dropped by 54 taka or 7.50 percent. On this day, the share was last traded at Tk 666.30.
DSE topped on trade Intraco Refueling Station Limited, 22 crores 96 lakh 55 thousand takas of shares of the company have been traded.
A total of 50 companies’ shares were traded in the Block on Dhaka Stock Exchange, 51 lakh 6 thousand 156 shares of the companies were traded. The financial value of which is 66 crore 20 lakh taka.
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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.
