DSE NEWS
Board meeting
KDS Accessories Limited: A meeting of the board of directors will be held on September 07, 2019 at 4:00 pm to consider, among others, audited financial statements of the company for the year ended on June 30, 2019.
Credit Rating
Coppertech Industries Limited: ARGUS Credit Rating Services Limited (ACRSL) has rated the company as "BBB" in the long term and "ST-3" in the short term along with a stable outlook based on audited financial statements of the company up to June 30, 2018, un-audited financials up to March 31, 2019 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
Navana CNG Limited: Credit Rating Information and Services Limited (CRISL) has rated the company as "A+" in the long term and "ST-3" in the short term along with a stable outlook based on audited financial statements of the company up to June 30, 2018, un-audited financials up to March 31, 2019 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
Resumption of trading
Rupali Life Insurance Company Limited: Trading of the shares of the company will resume today (Sunday) after record date.
Withdrawal of authorised
representatives
Razzak Securities Ltd.: The company (DSE TREC No. 184) has withdrawn one of its authorised representatives, Mr. Md. Jaynal Abadin, with immediate effect.
Haji Ahmad Brothers Securities Ltd.: The company (DSE TREC No. 41) has withdrawn one of its authorised representatives, Mr. Md. Moktal Hossain, with immediate effect.
Intention to buy shares
Peoples Insurance Company Ltd.: Mr. Jafar Ahmed Patwari, one of the directors of the company, has expressed his intention to buy 50,000 shares of the company at prevailing market price (In the Public Market) through stock exchange (DSE) within next 30 working days.
Pragati Insurance Ltd: Mr. ASM Mohiuddin Monem, one of the public directors of the company, has expressed his intention to buy 6,67,274 shares of the company at prevailing market price (in the public market 4,63,374 shares and block market 2,03,900 shares) through stock exchange (DSE) within next 30 working days.
CSE NEWS
Recommendation of dividend
Apex Tannery Limited: The board of directors has recommended 35 per cent cash dividend for the year ended on June 30, 2019. The AGM will be held on October 21, 2019 at 10:00 am at Bangladesh Shooting Sports Federation, Gulshan-1, Dhaka-1212. The record date is September 25, 2019. The company has also reported EPS without fair valuation surplus of Tk. 1.41, NAV per share of Tk. 69.21 and NOCFPS of Tk. (16.12) for the year ended on June 30, 2019 as against Tk. 2.53, Tk. 72.24 and Tk. 10.28 respectively for the same period of the previous year. The Company has also informed that NOCFPS decreased significantly from December, 2017 to 2018, mainly due to increase in inventories and trade receivables as well as increase in financial expenses.
Suspension of trading
Trading of the units of CAPM IBBL Islamic Mutual Fund, CAPM BDBL Mutual Fund 01 and Meghna Life Insurance Co. Ltd. will remain suspended on its record date, today (Sunday). Trading of the units of the funds will resume on September 02, 2019.
Spot trading
Trading of the units of SEML FBLSL Growth Fund, SEML IBBL Shariah Fund, SEML Lecture Equity Management Fund, Reliance One-The First Scheme of Reliance Insurance Mutual Fund, Grameen Mutual Fund One: Scheme Two, ICB AMCL First Agrani Bank Mutual Fund, ICB AMCL Sonali Bank Ltd. 1st Mutual Fund, IFIL Islamic Mutual Fund-1, ICB AMCL Third NRB Mutual Fund, Phoenix Finance 1st Mutual Fund, Prime Bank 1st ICB AMCL Mutual Fund, ICB Employees Provident Mutual Fund One: Scheme One, ICB AMCL Second Mutual Fund and Sandhani Life Insurance Co. Ltd. will be allowed only in the spot market from today (Sunday) to September 02, 2019 as the record date of the funds is on September 03, 2019.
Credit Rating
Kohinoor Chemical Company (BD) Ltd.: Credit Rating Information and Services Ltd. (CRISL) has informed that the Rating Committee of CRISL has assigned the rating to Kohinoor Chemical Company (BD) Ltd. as "A+" in the long term and "ST-3" in the short term along with a stable outlook in consideration of its audited financials up to 30 June 2018, un-audited financials up to 31 March 2019 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
Transfer of shares outside the trading system of the exchange
Shurwid Industries Limited: Dhaka Stock Exchange Limited (DSE) has accorded its consent to transfer of 14,30,000 shares of Shurwid Industries Limited outside the trading system of the exchange from Mr. Zahedul Hoque, one of the sponsors of Shurwid Industries Limited (the transferor/pledgor) to NRB Bank Ltd. (the transferee/pledgee) within 30 working days from the date of issuance of approval letter by DSE.
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