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169 companies from the Stock Market floor price have been withdrawn by the Regulatory body Bangladesh Securities and Exchange Commission (BSEC).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 That’s why Dhaka Stock Exchange and Chittagong Stock Exchange (DSE & CSE) 169 companies floor price has been withdrawn and the companies have been directed to keep the minimum limit of 1 percent share price reduction.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 He told Orthosongbad that shares of 169 companies whose floor prices were withdrawn were not being traded for a long time. As a result, the floor price of the companies has been withdrawn and the lower limit of share price reduction has been set.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.
Dhaka Stock Exchange DSE, Bourse on the last working day of the week, April 25th, ended with a massive drop in Indices and Turnover from the previous working session. This information is known from DSE sources.
511 crore 43 lakh taka shares were traded on this day. 91 crore 31 lakh less tradings were done in DSE today compared to the previous workday, 23rd April , Shares worth Tk 602 crores 74 lakh shares were traded last time, Wednesday.
The benchmark DSEX lost 60.48 points or 5,518 The Shariah-based index DSES dropped 12.29 points or 1,217, and the blue-chip index DS30 decreased by 10.17 points or 1,974.
Of the issues traded, 69 advanced, 300 declined and 27 remained unchanged.
ADN Telecom Limited ranked top gainer on DSE, the share price increased by Tk 9.60 paisa or 8.66 percent. On this day, the share was last traded at Tk 120.50 paisa.
Bata Shoe Company Bangladesh Limited ranked top loser on the DSE, the share price dropped by Tk 36.9 paisa or 3.77 percent. On this day, the share was last traded at Tk 941.00 paisa.
DSE topped on trade is Orion Infusion Limited 31 crore 69 lakh takas of company shares have been traded.
A total of 35 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 26 lakh 36 thousand 734 shares of the companies were traded. The financial value of which is 16 crore 61 lakh taka
One of the Listed companies, Bangladesh National Insurance Company Limited has recommended 20% Cash Dividend for the year ended December 31, 2023.
In terms of financial performance, The Company has also reported EPS of Tk. 4.04 for the year ended December 31, 2023. The Company has also reported NAV per share of Tk 26.28 paisa for the year ended December 31, 2023.
The Annual General Meeting (AGM) of the company will be held on June 25, through the digital platform. The record date for this has been fixed at May 27.
One of the Listed companies, Bata Shoe Limited has recommended 105% Final Cash Dividend (Total 435% Cash Dividend for the year ended December 31, 2023 inclusive of 330% Interim Cash Dividend, which has already been paid) for the year ended December 31, 2023
In terms of financial performance, The Company has also reported EPS of Tk. 29.31 for the year ended December 31, 2023. The Company has also reported NAV per share of Tk 237.93 paisa for the year ended December 31, 2023.
The Annual General Meeting (AGM) of the company will be held on July 16, through the digital platform. The record date for this has been fixed at May 16.
