Stocks
DSE & CSE Hikes
The Dhaka Stock Exchange (DSE) finally rose at the end of today’s trading after the daylong ups and downs of the market.
The DSEX, the benchmark index of the premier bourse in Bangladesh, closed at 6,515, up 27 points, or 0.42pc.
The DS30, the index that consists of blue-chip companies, edged up 0.56pc to 2,346, while the DSES, the shariah-based index, was up 0.84pc at 1,429.
Turnover fell 5pc to Tk 1,242 crore.
Of the securities, 123 won, 107 retreated, and 141 did not find any buyer.
Among the individual stocks, Bangladesh Export Import Company was the most-traded security on the day, accounting for 15pc of the turnover as its scrips worth Tk 180 crore were transacted.
BDCOM Online topped the gainers’ list with a 10pc rise. Hakkani Pulp, Sear Pearl Beach Resort & Spa, JMI Hospital, and Bangladesh Industrial Finance Company were among the stocks that saw significant gains.
Bay Leasing suffered the highest correction, sliding 5pc. Simtex Industries, Dacca Dyeing, IPDC Finance and IDLC Finance declined more than 3pc.
The Chattogram Stock Exchange also rose today.
The CASPI, the all-share price index of the Chattogram Stock Exchange, gained 72 points, or 0.38pc to end at 19,141.
Of the issues, 88 advanced, 91 declined, and 85 did not show any price movement.
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.
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