Local cos, MNCs see moderate rise in foreign shareholders' stake

FE Report | November 19, 2017 00:00:00

IDLC Finance, Olympic Industries, Square Pharmaceuticals, British American Tobacco Bangladesh Company (BATBC), ACME Laboratories, City Bank, BRAC Bank, Delta Brac Housing Finance Corporation and Beximco Pharmaceuticals witnessed rise of foreign stakes during the period.

The quantity of stakes held by foreign shareholders in some listed local and multinational companies rose moderately during December 31, 2016 to October 31, 2017.

According to information of Dhaka Stock Exchange (DSE), the quantity of foreign stakes in Singer Bangladesh was 3.08 per cent as of December 31, 2016. The quantity rose to 8.32 per cent by October 31, 2017.

The quantity of stakes held by general shareholders marginally rose during this period. The general shareholders held 19.09 per cent shares as of December 31, 2016 and the quantity rose to 20.28 per cent as of October 31, 2017.

The quantity of foreign stakes in Olympic Industries was 39.07 per cent as of June 30, 2016. The quantity rose to 42.34 per cent by October 31, 2017. The quantity of stakes held by general shareholders rose to 15.94 per cent as of October 31, 2017 from 12.79 per cent as of December 31, 2016.

The foreign stakes at Grameenphone rose to 3.47 per cent as of October 31, 2017. The quantity was 2.40 per cent as December 31, 2016. The stakes held by general shareholders declined to 2.08 per cent as of October, 2017 from 2.41 per cent as of December 31, 2016.

By October 31, 2017 the foreigners' stake in IDLC Finance rose to 11.35 per cent which was 11.33 per cent as of September 30, 2017 and 4.25 per cent as of December 31, 2016. The general shareholders' stakes marginally rose to 15.22 per cent during December 31, 2016 to October 31, 2017.

Foreign investors' stake in British American Tobacco Bangladesh Company (BATBC) rose marginally during December, 2016 to October 31, 2017. The foreign stakeholders held 14.41 per cent shares at BATBC as of December 31, 2016 and the quantity rose to 15.33 per cent as of September 30, 2017 and 15.38 per cent as of October 31, 2017

The quantity of foreign stakes at BRAC Bank, however, marginally declined during December 31, 2016 to October 31, 2017. The quantity of foreign stakes at BRAC Bank was 42.15 per cent as of December 31, 2016 and the quantity declined to 41.43 per cent as of October 31, 2017.

Foreign stakes at City Bank stood at 6.10 per cent by December, 2016 and the quantity rose to 16.16 per cent as of October 31, 2017. During this period, the quantity of stakes held by general shareholders declined. As of December 31, the general shareholders held 45.17 per cent which declined to 35.20 per cent as of October 31, 2017.

The foreign stakes at Delta Brac Housing Finance Corporation rose to 40.70 per cent as October 31, 2017 from 33.95 per cent as of December 31, 2017. During this period, the stakes of general shareholders declined to 3.83 per cent as of October 31, 2017 from 5.89 per cent as of December 31, 2016.

The foreign stakes at Beximco Pharmaceuticals was 36.33 per cent on December 31, 2016 and the quantity rose to 41.57 per cent as October 31, 2017. On the other hand, the stakes of general shares declined during this period. General shareholders held 22.81 per cent as of December 31, 2016 and the quantity declined to 18.86 per cent by October 31, 2017.

The foreign stakes at Square Pharmaceuticals rose to 19.15 per cent as of October 31, 2017 from 15.39 per cent as of December 31, 2016. The stakes held by general stakes moderately rose during the period. The general shareholders' stake rose to 36.08 per cent as of October 31, 2017 from 18.75 per cent as of December 31, 2016.

Foreign shareholders held 0.48 per cent shares at ACME Laboratories by December 31, 2016 and it rose to 3.57 per cent by October 31, 2017. On the other hand, during this period the general shareholders' stakes declined to 29.25 per cent as of October 31, 2017 from 34.10 per cent as of December 31, 2017.

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