Stocks
DSE’s errors, Islami Insurance trade blocked
One of the listed new companies listed in the capital market Islami Commercial Insurance could not start trading due to a mistake of the Dhaka Stock Exchange (DSE). Islami Commercial Insurance was traded on CSE on Wednesday (December 14) but not on DSE. For that reason, the new date has been fixed on December 18.
In this regard, it has been said on behalf of DSE, “Due to unavoidable reasons, the share trading of Islami Commercial Insurance Company will start on December 18 instead of December 14.”
In the tumultuous capital market, the shares of the company raised in the IPO were not traded at the scheduled time amid a series of mistakes by DSE.
Sources responded the trades could not be started due to an error in the company’s trading code. Due to this the trade time has been changed and fixed on December 18.
When asked, a senior DSE official told Orthosongbad that the trade could not be started due to a mistake in the trading code. A new date has been set. The trade will start from next Sunday. But IT people can tell what kind of mistake has happened.
DSE Chief Regulatory Officer (CRO) Khairul Bashar phoned Abu Taher Mohammad’s several times to inquire about this, but he did not answered. At the same time, he texts but did not get any response either.
Prior on October 24 and October 30 this year, due to technical errors, transactions were not possible at the scheduled time in DSE. In this incident, Chief Technology Officer (CTO) Ziaul Karim was sent on compulsory leave by the regulatory agency BSEC.
The company’s IPO was approved in the 838th meeting of the Bangladesh Securities and Exchange Commission (BSEC) on September 15. (N) Category Islami Commercial Insurance’s trading code on DSE will be ICICL, and its company code is 25756. The company sent the shares allotted in the IPO to the applicants as Beneficiary Owners (BOs) on December 13. Applications for the company’s IPO were accepted from November 20 to November 24.
The general insurance sector company issued 2 crore 2 lakh 61 thousand 106 shares at the price of 10 taka each to raise 20 crore 26 lakh 11 thousand 60 taka from the sharemarket.
As per the last published audited financial statement for the financial year ended December 31, 2021, the company’s earnings per share (EPS) stood at Tk 1.82 paisa.
During this period the net asset value per share (NAVPS) including revaluation stands at Tk 20.96 paisa. And excluding revaluation, it is 17 taka 48 paisa.
ICB Capital Management, Prime Finance Capital Management and EC Securities Limited are acting as IPO issue managers of the company. Islam Aftab Kamrul & Company is acting as an auditor.
Dhaka Stock Exchange DSE, Bourse on the last working day of the week, 2nd May, ended with a hike in Indices and Turnover from the previous working session. This information is known from DSE sources.
710 crore 62 lakh taka shares were traded on this day. 125 crore 9 lakh more tradings were done in DSE today compared to the previous workday, 30th April , Shares worth Tk 835 crores 72 lakh shares were traded last time, Tuesday.
The benchmark DSEX added 30.99 points or 5,615 The Shariah-based index DSES gained 4.92 points or 1,232, and the blue-chip index DS30 increased by 12.55 points or 2,007.
Of the issues traded, 207 advanced, 140 declined and 48 remained unchanged.
Sinobangla Industries Limited ranked top gainer on DSE, the share price increased by Tk 4.00 paisa or 9.95 percent. On this day, the share was last traded at Tk 44.20 paisa.
Rupali Bank PLC ranked top loser on the DSE, the share price dropped by Tk 4.10 paisa or 15.07 percent. On this day, the share was last traded at Tk 23.10 paisa.
DSE topped on trade is Sonali Aansh Limited 63 crore 49 lakh takas of company shares have been traded.
A total of 43 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 67 lakh 76 thousand 965 shares of the companies were traded. The financial value of which is 70 crore 01 lakh taka
8 listed mutual funds disclose their financial reports for the third quarter, (January – March 24). This information is known from DSE sources.
SEML FBLSL Growth Fund: earnings per unit (EPU) loss Tk 0.74 paisa in Q3 of the current financial year (January – March 24). EPU was Tk 0.08 paisa during the same period last year. NAV per unit at Market Price was Tk. 9.35 as of March 31, 2024 & NAV per unit at Cost Price was Tk. 10.50 as of March 31, 2024.
SEML Lecture Equity Management Fund: earnings per unit (EPU) loss Tk 0.55 paisa in Q3 of the current financial year (January – March 24). EPU was Tk 0.11 paisa during the same period last year. NAV per unit at Market Price was Tk. 9.47 as of March 31, 2024 & NAV per unit at Cost Price was Tk. 11.12 as of March 31, 2024.
AB Bank 1st Mutual Fund: earnings per unit (EPU) loss Tk 1.24 paisa in Q3 of the current financial year (January – March 24). EPU was Tk 0.04 paisa during the same period last year. NAV per unit at Market Price was Tk. 8.87 as of March 31, 2024 & NAV per unit at Cost Price was Tk. 11.22 as of March 31, 2024.
Popular Life First Mutual Fund: earnings per unit (EPU) loss Tk 1.55 paisa in Q3 of the current financial year (January – March 24). EPU was Tk 0.04 paisa during the same period last year. NAV per unit at Market Price was Tk. 8.49 as of March 31, 2024 & NAV per unit at Cost Price was Tk. 10.98 as of March 31, 2024.
EBL NRB Mutual Fund: earnings per unit (EPU) loss Tk 1.50 paisa in Q3 of the current financial year (January – March 24). EPU was Tk 0.05 paisa during the same period last year. NAV per unit at Market Price was Tk. 8.67 as of March 31, 2024 & NAV per unit at Cost Price was Tk. 10.97 as of March 31, 2024.
PHP First Mutual Fund: earnings per unit (EPU) loss Tk 1.50 paisa in Q3 of the current financial year (January – March 24). EPU was Tk 0.02 paisa during the same period last year. NAV per unit at Market Price was Tk. 8.54 as of March 31, 2024 & NAV per unit at Cost Price was Tk. 10.93 as of March 31, 2024.
Green Delta Mutual Fund: earnings per unit (EPU) loss Tk 0.94 paisa in Q3 of the current financial year (January – March 24). EPU was loss Tk 0.02 paisa during the same period last year. NAV per unit at Market Price was Tk. 9.06 as of March 31, 2024 & NAV per unit at Cost Price was Tk. 10.33 as of March 31, 2024.
DBH First Mutual Fund: earnings per unit (EPU) loss Tk 1.07 paisa in Q3 of the current financial year (January – March 24). EPU was loss Tk 0.018 paisa during the same period last year. NAV per unit at Market Price was Tk. 8.92 as of March 31, 2024 & NAV per unit at Cost Price was Tk. 10.19 as of March 31, 2024.
One of the Listed companies, Standard Bank PLC has recommended 2.5% Cash Dividend & 2.5% stock Dividend for the year ended December 31, 2023.
In terms of financial performance, The Company has also reported Consolidated EPS of Tk. 1.27 for the year ended December 31, 2023. NAV per share of Tk. 16.93 paisa.
The Annual General Meeting (AGM) of the company will be held on July 29, through the digital platform. The record date for this has been fixed at June 11.
