Stocks
169 companies’ floor price withdrawal lists
169 companies from the Stock Market floor price have been withdrawn by the Regulatory body Bangladesh Securities and Exchange Commission (BSEC). But, there is a minimum limit on the share price of the company. BSEC Chairman Professor Shibli Rubayat-Ul-Islam issued an order on Wednesday (December 21).
From the given order, for the good development in the share market and for the sake of the investors, the movement needs to be controlled. That’s why Dhaka Stock Exchange and Chittagong Stock Exchange (DSE & CSE) 169 companies floor price has been withdrawn and the companies have been directed to keep the minimum limit of 1 percent share price reduction.
Rezaul Karim, BSEC spokesperson and executive director confirmed the order. He told Orthosongbad that shares of 169 companies whose floor prices were withdrawn were not being traded for a long time. As a result, the floor price of the companies has been withdrawn and the lower limit of share price reduction has been set.
For the convenience of financial news readers, below is the list of companies whose floor prices have risen:
Insurance Sector: Islami Commercial Insurance Company, Agrani Insurance, Desh General Insurance, Karnaphuli Insurance, Continental Insurance, Global Insurance, Janata Insurance, Mercantile Insurance, Purabi General Insurance, Phoenix Insurance, Crystal Insurance, Islami Insurance, Nitol Insurance, People’s Insurance, United Insurance, Northern Islami Insurance, City General Insurance, Progressive Life Insurance, Prime Islami Life Insurance, Meghna Life Insurance, Padma Islami Life Insurance, Sunlife Insurance and newly listed Chartered Life Insurance, Republic Insurance, Federal Insurance, Express Insurance, Asia Pacific General Insurance , Paramount Insurance, Central Insurance, Sonarbangla Insurance, Dhaka Insurance, Takaful Islami Insurance, Rupali Insurance, Eastland Insurance, Senakalyan Insurance, Eastern Insurance and Union Insurance Company.
Mutual Funds: Prime Finance First Mutual Fund, First Janata Bank Mutual Fund, ICB AMCL Second Mutual Fund, AIBL First Islami Mutual Fund, CAPM IBBL Islami Mutual Fund, ICB Employees Provident Mutual Fund Scheme One, Phoenix Finance First Mutual Fund, IFIL Islamic Mutual Fund One, ICB AMCL Third NRB Mutual Fund, MBL First Mutual Fund, Prime Bank First ICB AMCL Mutual Fund, ICB AMCL CMSF Goldage Jubilee Mutual Fund, ICB AMCL Sonali Bank Mutual Fund, Exim Bank First Mutual Fund, EBL First Mutual Fund, EBL NRB First Mutual Fund.
Also in the list of Mutual Funds which have given floor price are AB Bank First Mutual Fund, PHP First Mutual Fund, Popular Life First Mutual Fund, Trust Bank First Mutual Fund, DBH First Mutual Fund, GreenDelta Mutual Fund, LR Global Bangladesh Mutual Fund – One , SEML Lecture Equity Management Fund, SEML FBLSL Growth Fund, SEML IBBL Shariah Fund; CAPM BDBL Mutual Fund, Vanguard AML BD Finance Mutual Fund One, Vanguard AML Rupali Bank Balances Fund; Asian Tiger Sandhyani Life Growth Fund; Reliance One Mutual Fund, NLI First Mutual Fund, IFIC Bank First Mutual Fund, NCCBL Mutual Fund and ICB AMCL First Agrani Bank Mutual Fund.
Textile Sector: Tasrifa Industries, Pacific Denims, Tunghai Knitting & Dyeing, Anlima Yarn, Zahin Tex Industries, Safco Spinning Mills, Noorani Dyeing, Tallu Spinning, Apex Spinning & Knitting, Desh Garments, Regent Textile Mills, Saiham Textiles, Simtex Industries, Delta Spinners, Zaheen Spinning, Stylecraft, Dhaka Dyeing, Dulamia Cotton, Prime Textiles, Evince Textiles, Family Tex, Hamid Fabrics, Rahim Textiles, Mithun Knitting and Dyeing, Alltex Industries, and Sonargaon Textiles.
Engineering Sector: RSRM, BD Welding, Aziz Pipes, BD Autocars, Shurwid Industries, Deshbandhu Polymer, Oimex Electrode, Yeakin Polymer, K&Q, RFL, Navana CNG, Olympic Accessories, Monno Agro, BDThai Aluminum, Dominage Steel and Renwick Jajneswar & Co.
Food & Ancillary Sector: Emerald Oil, Meghna Pet Industries, Meghna Condensed Milk, Pran, Zeal Bangla Sugar Mills, Fine Foods, Bangas, Beach Hatchery, Apex Foods, and Shyampur Sugar Mills.
Financial Sector: First Finance, Fas Finance, Midas Financing, Premier Leasing & Finance, BIFC, First Finance & Investment, International Leasing, Union Capital & People’s Leasing & Finance.
Miscellaneous Sector: Savar Refractories, GQ Ballpen, Miracle Industries, Sinobangla Industries, Osmania Glass, Khan Brothers PP Woven Bag Industries, National Feed Mills, Aramit Limited and SK Trims.
Pharmaceuticals and Chemicals Sector: Central Pharma, MB Pharma, Imam Button, Libra Infusions and Indobangla Pharmaceuticals.
Information Technology Sector: Information Services, Intake, Agni Systems and BDCom Online.
Jute Sector: Jute Spinners, Northern Jute and Golden Fiber.
Tannery Sector:
Samata Leather, Legacy Footwear and Apex Tannery.
Paper and Publishing Sector:
Khulna Printing & Packaging, Hakkani Pulp & Paper Processing & Packaging.
Energy Sector:
Eastern Lubricants and GBB Power.
In addition, the regulatory body has given floor price of Bangladesh Services in the service and accommodation sector, Samarita Hospital in the travel and leisure sector and Standard Ceramics in the ceramic sector.
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.
