Foreign stakes rise in 10 listed companies in July

Some 10 listed companies saw rise in foreign stakes in July last compared to previous month.

Of the companies, JMI Syringes & Medical Devices witnessed the highest rise in foreign stake.

The foreigners had no share at JMI Syringes & Medical Devices at the end of June last.

In July, the foreign stake was ensured in the company following the sale of a substantial amount of shares to NIPRO Corporation of Japan.

JMI Syringes raised its capital issuing shares for the purposes of project expansion, repayment of bank liabilities, working capital and expenses of capital raising requirement.

At the end of July, the amount of foreign stakes at JMI Syringes stood at 50.23 per cent.

Foreigners had no shares at Paramount Insurance till May last. Later, the foreign stakes stood at 4.03 per cent at the end of June. The amount rose to 5.37 per cent at the end of July.

The amount of shares held by the foreigners at Bata Shoe Company (Bangladesh) rose to 1.84 per cent in July from 1.71 per cent observed at the end of June last.

In June, the foreigners held 2.87 per cent shares at Uttara Bank and the amount rose to 2.95 per cent at the end of July.

Besides, at the end of July the amount of shares rose ranging from 0.2 per cent to 0.05 per cent in seven more listed companies.

In July, the amount of shares held by foreigners rose to 42.59 per cent at BRAC Bank, 0.89 per cent at City General Insurance Company, 0.06 per cent at Monno Jute Stafflers, 40.19 per cent at Olympic Industries, 8.13 per cent at Beximco and 1.87 per cent at BBS Cables.

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