Stocks
DSE Finished the Year with the Index Hikes
Dhaka Stock Exchange DSE, Bourses on the third working day of the week, December 28, ended with price index hike & turnover drop.
This information is known from DSE sources.
345 crores 71 lakh shares were traded in DSE on this day. 87 crores 48 Lakh more trading was done in DSE today compared to the previous workday, 28 December, Shares worth Tk 258 crores 22 lakh shares were traded in DSE last time, Wednesday.
The benchmark index DSEX hiked 10.99 points or 6,206. The Shariah-based index DSES rose 3.13 points or 1,358, and the blue-chip index DS30 jumped 1.10 points or 2,195.
Of the issues traded, 60 advanced, 107 declined, and 187 remained unchanged.
Islami Commercial Insurance Company Limited ranked top gainer on DSE, the share price increased by Tk 2.50 or 9.77 percent. On this day, the share was last traded at Tk 28.10 paisa.
On the other hand, Monno Ceramic Industries Limited ranked top loser on the DSE, the share price dropped by 1 taka 70 paisa or 1.37 percent. On this day, the share was last traded at Tk 122.70 paisa.
DSE topped on trade Intraco Refueling Station Limited, 17 crores 16 lakh 94 thousand takas of shares of the company have been traded.
A total of 56 companies’ shares were traded in the Block on Dhaka Stock Exchange, 86 lakh 21 thousand 961 shares of the companies were traded. The financial value of which is 75 crore 3o 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.
