Stocks
BEXIMCO scores top in weekly trades
Bangladesh Export Import Company, Beximco Limited has ranked at the top of weekly trading in the bourse, Dhaka Stock Exchange, DSE.
This information is known from the DSE sources.
It is known that 2 crores 73 lakh 52 thousand 691 shares of the company were traded throughout the week. Its market value is 327 crore 21 lakh 51 thousand takas.
1 crore 76 lakh 60 thousand 248 shares of Orion Pharma Ltd, which is in the 2nd place in the list, were traded. The market value of which is 205 crore 39 lakh 71 thousand takas.
20 lakh 4 thousand 74 shares of Sonali Paper & Board Mills Ltd, which is in the 3rd place on the list, were traded. Its market value is 172 crore 15 lakh 11 thousand takas.
Among other companies in the list of tradings are – Sea Pearl Beach Resort & Spa Ltd Tk 141 crore 30 lakh 13 thousand, Intraco Refueling Station Ltd Tk 139 crore 83 lakh 75 thousand, Anwar Galvanizing Ltd Tk 139 crore 57 lakh 20 thousand, Eastern Housing Ltd Tk 137 crore 77 lakh 89 thousand, ADN Telecom Ltd of Tk 118 crore 7 lakh 62 thousand, Orion Infusion Ltd Tk 87 crore 51 lakh 33 thousand, JMI Hospital Requisite Manufacturing Ltd Tk 85 crore 36 lakh 5 thousand shares were traded.
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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