Stocks
Web Coats to Start Trading on DSE from Mar 11
The Dhaka Stock Exchange (DSE) has announced that the trading of shares for Web Coats PLC. will officially commence on Monday, March 11, 2024, under the Small and Medium Enterprise (SME) platform.
The assigned trading code for Web Coats PLC. is “WEBCOATS,” and its designated DSE Company Code falls under the “Paper & Printing” sector with the code “79001.”
In the fiscal year 2022-23, Web Coats reported a robust revenue of Tk50 crore, accompanied by an impressive earnings per share (EPS) of Tk1.50. The company’s commitment to financial transparency is further underscored by its net asset value per share, which stands at Tk15.92 with revaluation and Tk13 without revaluation.
Post-listing, Web Coats PLC. has declared a hiatus on issuing bonus shares for the initial three years, emphasizing a strategic approach to capital management and growth.
As a 100% export-oriented entity, Web Coats specializes in manufacturing and exporting various paper and board products. The company’s extensive range comprises more than 10 paper-based products, including self-adhesive, paper bent, tissue paper, neck board, size board, hang tag, and size tag, produced, processed, and converted within its own plant.
DSE has welcomed Web Coats PLC. to the SME platform, providing investors with an opportunity to engage with a new entrant in the “Paper & Printing” sector. The initiation of trading marks a significant development for both the company and potential investors, adding to the diversity of offerings in the market.
Web Coats PLC.’s presence on the SME platform signifies the company’s commitment to growth and transparency, creating avenues for investors to participate in its journey. As the trading kicks off, stakeholders are anticipated to closely monitor the stock’s performance and its impact on the sector.
Dhaka Stock Exchange DSE, Bourse on the third working day of the week, 14th May, ended with a drop in Indices and Turnover from the previous working session. This information is known from DSE sources.
664 crore 36 lakh taka shares were traded on this day. 17 crore 86 lakh less tradings were done in DSE today compared to the previous workday, 9th May , Shares worth Tk 968 crores 2 lakh shares were traded last time, Monday.
The benchmark DSEX lost 81.14 points or 5,585 The Shariah-based index DSES dropped 15.76 points or 1,225, and the blue-chip index DS30 decreased by 26.04 points or 1,991.
Of the issues traded, 31 advanced, 343 declined and 25 remained unchanged.
Reliance One the first scheme of Reliance Insurance Mutual Fund ranked top gainer on DSE, the share price increased by Tk 1.50 paisa or 9.55 percent. On this day, the share was last traded at Tk 17.10 paisa.
Union Insurance Company Limited ranked top loser on the DSE, the share price dropped by Tk 4.00 paisa or 9.32 percent. On this day, the share was last traded at Tk 38.90 paisa.
DSE topped on trade is eGeneration Limited 28 crore 18 lakh takas of company shares have been traded.
A total of 45 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 74 lakh 95 thousand 900 shares of the companies were traded. The financial value of which is 34 crore 92 lakh taka
One of the listed companies, Asia Insurance Limited discloses its financial reports for the first quarter, (January – March 24).
The company’s earnings per share (EPS) was Tk 0.37 paisa in Q1 of the current financial year (January – March 24). EPS was Tk 0.21 (restated) paisa during the same period last year. As of March 31, 2024, at the end of the first quarter of the fiscal year, the company’s net asset value (NAV) per share stood at Tk 27.87.
One of the listed companies, Uttara Bank PLC discloses its financial reports for the first quarter, (January – March 24).
The company’s earnings per share (EPS) was Tk 0.77 paisa in Q1 of the current financial year (January – March 24). EPS was Tk 0.75 (restated) paisa during the same period last year. As of March 31, 2024, at the end of the first quarter of the fiscal year, the company’s net asset value (NAV) per share stood at Tk 31.82.
