Stocks
169 companies once again listed on floor price: BSEC
BSEC: Bangladesh Securities and Exchange Commission has re-joined the minimum price of shares of 169 companies whose floor prices have been withdrawn.
On Wednesday (March 1), BSEC Chairman Professor Shibli Rubayat-Ul-Islam penned the order in this regard.
It is said in the order that the floor price order of 169 companies was revoked last December 21.
According to BSEC’s latest decision, the new floor price of the companies will be the average of the closing prices from February 26 to March 1. From March 2nd the prices of securities above this can rise at a normal rate. Hence, the share price of these companies cannot fall below the floor price.
According to the new order of the regulatory body, the other conditions of the order imposed on July 28 last year for the share price of the companies shall remain in force.
Prior, BSEC had canceled the floor prices of 169 companies on December 21 last year. However, it was stated as a condition for the reduction of the share price that the maximum share price can decrease by 1 percent in a day. Despite the order of BSEC, market conditions are not good and share prices of companies are falling, causing instability in the capital market. In such a condition, the regulatory body has determined the floor price of 169 companies once again.
Dhaka Stock Market DSE, Bourse on the last working day of the week, 25th July, ended with a hike in Indices and Turnover from the previous working session. This information is known from DSE sources.
497 crore 34 lakh taka shares were traded on this day. 337 crore 97 lakh more tradings were done in DSE today compared to the previous workday, July 24th, Shares worth Tk 159 crores 37 lakh shares were traded last time, Wednesday.
The benchmark DSEX increased 62.81 points or 5,413 The Shariah-based index DSES added 13.81 points or 1,183 and the blue-chip index DS30 gained by 24.25 points or 1,932.
Of the issues traded, 286 advanced, 66 declined and 40 remained unchanged.
Techno Drugs Limited ranked top gainer on DSE, the share price increased by Tk 3.80 paisa or 9.87 percent. On this day, the share was last traded at Tk 42.30 paisa.
Rangpur Foundry Limited ranked top loser on the DSE, the share price dropped by Tk 5.40 paisa or 2.98 percent. On this day, the share was last traded at Tk 175.70 paisa.
DSE topped on trade is Square Pharmaceuticals PLC 35 crore 9 lakh takas of company shares have been traded.
A total of 28 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 82 lakh 94 thousand 29 shares of the companies were traded. The financial value of which is 21 crore 92 lakh taka
One of the listed companies, Eastland Insurance Company Limited discloses its financial reports for the second quarter, (April – June 24).
The company’s earnings per share (EPS) Tk 0.27 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 0.41 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. NAV per share was Tk. 20.85 as of June 30, 2024.
One of the listed companies, Shahjalal Islami Bank PLC discloses its financial reports for the second quarter, (April – June 24).
The company’s Consolidated earnings per share (EPS) Tk 1.50 paisa in Q2 of the current financial year (April – June 24). Consolidated EPS was Tk. 1.50 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. Consolidated NAV per share was Tk. 20.85 as of June 30, 2024.
