DSE/CSE News in Brief (15-02-2018)

DSE NEWS
Peoples Insurance Company appoints MD & CEO
Peoples Insurance Company Ltd. has informed that Mr. Shiv Shankar Saha has been appointed as the managing director and chief executive officer of the company. The Insurance Development and Regulatory Authority (IDRA) has approved his appointment on February 07, 2018.
Credit rating
Oimex Electrode: National Credit Ratings Ltd. (NCR) has assigned the entity rating of Oimex Electrode Ltd. as "BBB" in the long term and "ST-3" in the short term along with a developing outlook based on audited financial statements of the Company as on June 30, 2017.
Saiham Textile Mills: National Credit Ratings Ltd. (NCR) has assigned the Surveillance Entity Rating of Saiham Textile Mills 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 as on June 30, 2017.
Buy confirmation
Malek Spinning Mills: Ms. Saima Matin Chowdhury, one of the directors of Malek Spinning Mills Ltd., has further reported that she has completed her buy of 10,00,000 shares of the company at prevailing market price through stock exchanges as announced earlier.
Response to DSE query
Shyampur Sugar Mills: In response to a DSE query, Shyampur Sugar Mills Ltd. has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
Progressive Life Insurance Co.: In response to a DSE query dated February 12, 2018, Progressive Life Insurance Co. Ltd. has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike of shares.
CSE NEWS
Bonus shares
United Power Generation & Distribution Company: United Power Generation & Distribution Company Ltd. has informed that the bonus shares of the company for the year ended June 30, 2017 have already been credited to the respective shareholders' BO Accounts on February 14, 2018.
Spot trading
Grameenphone: Trading of the shares of Grameenphone Ltd. will be allowed only in the spot market from today (Thursday) to February 18, 2018 as the record date of the company is on February 19, 2018.
R.A.K. Ceramic: Trading of the shares of R.A.K. Ceramic (BD) Ltd. will be allowed only in the Spot Market from today (Thursday) to February 18, 2018 as the record date of the company is on February 19, 2018.
Buy intention
Active Fine Chemicals: Md. Afzal, one of the sponsors directors of Active Fine Chemicals Ltd., has reported his intention to buy 43,500 shares of the company at prevailing market price through stock exchange within next 30 working days.
Transfer confirmation
Saiham Cotton Mills: Mr. S. M. Faisal, one of the sponsors directors of Saiham Cotton Mills Ltd., has further informed he has completed his transfer of 60,00,000 shares of the company to his son Engr. Syed Ishtiaq Ahmed, another Sponsor Director of the company, by way of gift outside the trading system of the exchange as announced earlier.
— DSE/CSE Online