Stocks
Turnover Shrinks, Index Mixed says DSE Weekly Reports
Weekly Dhaka Stock Exchange, DSE, Dhaka Bourse has seen a drops in turnover, slight hike on market capitalization and index mixed on the other hand. This information was disclosed in the weekly market review from the DSE
According to sources, (5 working days) the market capitalization of DSE hiked by Tk 114 crore 4 lakh 97 thousand 774 (9 April – 13 April). At the same time, the turnover has lost by 657 crore 26 lakh 42 thousand 287 taka.
The benchmark index ‘DSEX’ increased by 0.98 points or 0.02 percent, in the outgoing week. At the end of the week, the index stands at 6,215 points. The Shariah-based index ‘DSES’ lost 0.37 points or 0.03 percent and therefore the index stands at 1,347 points. The blue-chip index ‘DS30’ gained 3.04 points or 0.14 percent, hence the index stands at 2,201 points.
Shares and units worth 2 thousand 236 crore 6 lakh 77 thousand 598 taka were traded in Dhaka Stock Exchange. At the end of the week, the market capitalization stood at 7 lakh 63 thousand 26 crore 3 lakh 53 thousand 925 taka.
Shares and units of 401 companies were traded on DSE during the week. Of these, 238 shares were unchanged. 84 companies declined, while 47 companies advanced.
Aamra Networks Limited has ranked at the top of weekly trading on DSE. It is known that 1 crore 91 lakh 1 thousand 115 shares of the company were traded throughout the week. Its market value is 145 crore 9 lakh 48 thousand takas.
Orion Infusion Limited has ranked at the top of weekly gainers on DSE. It is known that the share traded a total of Tk 68 crore 86 lakh 78 thousand, which is an average of 13 crore 77 lakh 35 thousand 600 per day. The share has risen 20.35 pc to its highest price.
Al Haj Textile Mills Limited has ranked at the top of weekly losers on DSE. It is known the share traded a total of Tk 23 crore 84 lakh 83 thousand, which is an average of 4 crore 76 lakh 96 thousand 600 shares per day. The share has dropped 17.57 percent lowest in the last week.
/NR
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.
