Stocks
Market Cap, Turnover, Index rose on Bourses
Weekly Dhaka Stock Exchange, DSE, Dhaka Bourse has seen an increase in turnover, index & market capitalization.
This information was disclosed in the weekly market review from the DSE
According to sources, the market capitalization of DSE hiked by Tk 2 thousand 149 crore 30 lakh 6 thousand 819 (15 January – 19 January) At the same time, the turnover has increased by 1 thousand 729 crore 11 lakh 53 thousand 192 taka.
The benchmark index ‘DSEX’ hiked 50.39 points or 0.81 percent, in the outgoing week. At the end of the week, the index stands at 6,265 points. The Shariah-based index ‘DSES’ increased 10.15 points or 0.75 percent and therefore the index stands at 1,367 points. The blue-chip index ‘DS30’ rose 9.56 points or 0.43 percent, hence the index stands at 2,208 points.
Shares and units worth 3 thousand 850 crore 52 lakh 11 thousand 111 taka were traded in Dhaka Stock Exchange. At the end of the week, the market capitalization stood at 7 lakh 56 thousand 841 crore 33 lakh 37 thousand 273 taka.
Shares and units of 400 companies were traded on DSE during the week. Of these, 207 shares were unchanged. 68 companies declined, while 114 companies advanced.
Genex Infosys Limited has ranked at the top of weekly trading on DSE. It is known that 2 crore 96 lakh 28 thousand 10 shares of the company were traded throughout the week. Its market value is 292 crore 5 lakh 79 thousand takas.
Pragati Insurance Limited has ranked at the top of weekly gainers on DSE. It is known that the share traded a total of Tk 15 crore 43 thousand, which is an average of 3 crore 8 thousand 600 taka per day. The share has risen 24.27 pc to its highest price.
Libra Infusions Limited has ranked at the top of weekly losers on DSE. It is known the share traded a total of Tk 12 lakh 79 thousand, which is an average of 2 lakh 55 thousand 800 share per day. The share has dropped 4.87 percent lowest in the last week.
/NR
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.
