DSE/CSE News in Brief (03-09-2019)

DSE NEWS
Suspension of 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 remain suspended on its record date, today (Tuesday). Trading of the units of the funds will resume on September 04, 2019.
Spot trading
Fareast Islami Life Insurance Co. Ltd.: Trading of the shares of Fareast Islami Life Insurance Co. Ltd. will be allowed only in the spot market from today (Tuesday) to September 04, 2019 as the record date of the company is on September 05, 2019.
Sale Intention
Prime Finance & Investment Limited: Mr. Md. Aliuzzaman, one of the sponsors of the company, has reported his intention to sell 40,000 shares out of his total holding of 42,427 shares of the company at prevailing market price (in the public market) through stock exchange (DSE) within next 30 working days.
SEML FBLSL Growth Fund: FBL Securities Ltd., one of the corporate sponsors of the fund, has expressed its intention to sell 10,00,000 units out of its total holding of 3,46,54,000 units of the fund at prevailing market price (in the public market) through DSE within next 30 working days.
Buy Intention
Prime Finance & Investment Limited: Mr. Mohammad Masudur Rahim, one of the directors (Nominated Director of East Coast Shipping Lines) of Prime Finance & Investment Limited, has reported his intention to buy 40,000 shares of the company at prevailing market price (in the public market) through DSE within next 30 working days.
CSE NEWS
Credit Rating
Kohinoor Chemical Company (BD) Ltd.: Referring to their earlier news disseminated on 29.08.2019, Credit Rating Information and Services Ltd. (CRISL) has further informed that the Rating Committee of CRISL has corrected the rating of Kohinoor Chemical Company (BD) Ltd. as "AA-" in the long term and "ST-2" 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.
Sale Intention
First Security Islami Bank Ltd.: Mr. Abu Hena Mostafa Kamal, one of the sponsors of First Security Islami Bank Ltd., has reported his intention to sell 6,58,100 shares out of his total holding of 31,58,100 shares of the company at prevailing market price (in the block market) through CSE within next 30 working days.
Buy Confirmation
Meghna Life Insurance Co. Ltd.: Karnaphuli Insurance Co. Ltd., one of the corporate directors of Meghna Life Insurance Co. Ltd., has further reported that it has completed its buy of 3,40,000 shares of the company at prevailing market price through stock exchange as per declaration disseminated on 27.08.2019.
— DSE/CSE Online