Stocks
Genex Infosys ranked top gainer on Dhaka Bourses
Genex Infosys Ltd ranked top ten gainers on Dhaka Stock Exchange, DSE today, November 7, the share price increased by 9 taka 60 paisa or 9.99pc. On this day, the share was last traded at 105 taka 70 paisa.
This information is known from DSE sources.
According to the data, the firm traded 83 lakh 4 thousand 33 shares in 10 thousand 59 times whose market value is 1 thousand 91 crore 18 lakh.
2nd on the list is Navana Pharmaceuticals Ltd. Today the price of the company’s share price increased by 10 taka 90 paisa or 9.97pc. The share was last traded at 120 taka 20 paisa. According to the sources, the company traded 34 lakh 76 thousand 411 shares in 11 thousand 482 times whose market value is 1 thousand 174 crore 5 lakh.
And the 3rd on the list is IT Consultants Limited. Today the company share price has increased by 3 taka 90 paisa or 9.95pc. The share was last traded at 43 takas 10 paisa. According to the data, the company traded 1 crore 16 lakh 48 thousand 55 shares in 4 thousand 650 times whose market value is 504 crore 8 lakh.
Other companies on the gainer list are Agni Systems Ltd, Pragati Life Insurance Ltd, Chartered Life Insurance Company Limited, Lub-rref (Bangladesh) Limited, Taufika Foods and Lovello Ice-cream PLC, JMI Syringes & Medical Devices Ltd & Eastern Cables Ltd.
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.
