Stocks
Dhaka Bourse Skyrockets Amidst Sluggish Turnover
Dhaka Stock Market DSE, Bourse on the third working day of the week, 10th September, ended with a hike in Indices and drop in Turnover from the previous working session. This information is known from DSE sources.
562 crore 72 lakh taka shares were traded on this day. 58 crore 63 lakh less tradings were done in DSE today compared to the previous workday, 9th September, Shares worth Tk 621 crores 35 lakh shares were traded last time, Monday.
The benchmark DSEX added 73.28 points or 5,702 The Shariah-based index DSES gained 20.24 points or 1,235 and the blue-chip index DS30 increased by 22.21 points or 2,114.
Of the issues traded, 64 advanced, 289 declined and 44 remained unchanged.
National life Insurance PLC ranked top gainer on DSE, the share price increased by Tk 13.10 paisa or 9.98 percent. On this day, the share was last traded at Tk 144.30 paisa.
New Clothings Limited ranked top loser on the DSE, the share price dropped by Tk 3.50 paisa or 10.00 percent. On this day, the share was last traded at Tk 31.50 paisa.
DSE topped on trade is Olympic Industries Limited 32 crore 36 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 47 lakh 33 thousand 43 shares of the companies were traded. The financial value of which is 38 crore 83 lakh taka.
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.
