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Queen South Textile makes flying start

FE Report | March 14, 2018 00:00:00


Queen South Textile Mills Tuesday topped the scrip-wise turnover chart as the company made a flying debut on the Dhaka Stock Exchange (DSE).

Following investors' increased participation, the company featured a turnover of Tk 185.9 million and captured 6.6 per cent of the market turnover.

The company's share price rose 236 per cent or Tk 23.60 to close at Tk 32.60 on Tuesday.

A total of above 6.43 million shares of Queen South Textile Mills changed hands in the premier bourse.

On Tuesday, the company has also reported increased profit for three months period ended on December 31, 2017.

For the period the company reported its profit after tax of Tk. 36.53 million and basic EPS of Tk. 0.43 as against profit after tax of Tk. 25.65 million and basic EPS of Tk. 0.34 for the same period of the previous year.

The other companies in the chart of top 10 turnover leaders were Grameenphone, Monno Ceramic Industries, Square Pharmaceuticals, IFAD Autos, Fortune Shoes, CVO Petrochemical Refinery, Apex Foods and Mercantile Bank.

Top 10 turnover leaders, including Queen South Textile Mills, captured 27.7 per cent of the total turnover featured by the DSE.

Of the companies, Grameenphone featured a turnover of Tk 157.8 million and grabbed 5.6 per cent of the market turnover.

Monno Ceramic Industries captured 4.2 per cent of market turnover after featuring a turnover of Tk 117.5 million.

Square Pharmaceuticals featured a turnover of Tk 63.9 million and grabbed 2.3 per cent of the market turnover.

The turnover of IFAD Autos was Tk 52.2 million, 1.9 per cent of the turnover featured by the premier bourse.

Among other companies, Fortune Shoes featured a turnover of Tk 46.3 million, followed by CVO Petrochemical Refinery Tk 41.4 million, Apex Foods Tk 39.9 million and Mercantile Bank Tk 36.9 million.

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