DSE/CSE News in Brief (26-09-2019)

DSE NEWS
Postponement of board meeting
Quasem Industries Ltd.: The company has informed that, due to unavoidable circumstances, the board meeting as per LR 19(1), scheduled to be held on September 30, 2019 at 2:45 pm to consider, among others, audited financial statements of the company for the year ended on June 30, 2019, has been postponed. New date of the meeting will be notified later on.
Resumption of trading
Apex Tannery Limited: Trading of the shares of the company will resume today (Thursday) after record date.
Credit rating
Genex Infosys Limited: Alpha Credit Rating Limited (AlphaRating) has rated the Company as "A+" 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, 2018 and relevant qualitative information up to September 24, 2019.
Buy confirmation
Popular Life Insurance Co. Ltd.: Mr. Kabir Ahmed, one of the sponsor directors and Mrs. Nur Jahan Ahmed one of the directors of the company, have reported that they have completed their buying of 5,38,000 shares and 2,94,500 shares respectively of the company at prevailing market price through stock exchange as per declaration disseminated on 22.09.2019.
Peoples Insurance Company Ltd.: Mr. Jafar Ahmed Patwari, one of the directors of the company, has reported that he has completed his buying of 1,00,000 shares of the company at prevailing market price through stock exchange as per declaration disseminated on 12.09.2019.
Meghna Life Insurance Co. Ltd.: Mrs. Jannatul Fardous, one of the directors of the company, has reported that she has completed her buying of 3,35,220 shares of the company at prevailing market price through stock exchange as per declaration disseminated on 22.09.2019.
Sale confirmation
National Life Insurance Company Ltd.: Uttara Apparels Ltd., one of the corporate directors of the company, has reported that it has completed its sale of 15,87,400 shares of the company at prevailing market price through stock exchange as per declaration disseminated on 19.09.2019.
CSE NEWS
Recommendation of dividend
United Power Generation & Distribution Company Ltd.: Referring to their earlier news disseminated by CSE on 04.08.2019 regarding recommendation of dividend, in connection with declaration of bonus share, United Power Generation & Distribution Company Ltd. has further informed that they did not declare stock dividend from Revaluation Reserve, Capital Reserve or any un-realized gain or out of profit earned prior to incorporation of the company.
Transfer intention
Al-Arafah Islami Bank Ltd.: Mr. Alhajj Kazi Abu Kausar, one of the sponsors of the bank, has reported his intention to transfer 16,60,000 shares out of his total holding of 1,82,78,205 shares of the company to his sisters Mrs. Kazi Sultana Delwar (10,00,000 shares) and Mrs. Kazi Nasema Akter (6,60,000 shares) respectively, by way of gift outside the trading system of the exchange within 31 October 2019 approved by DSE.
Buy confirmation
Green Delta Insurance Company Limited: Mrs. Khurshida Chowdhury, one of the directors of Green Delta Insurance Company Limited, has reported that she has completed her buy of 72,000 shares of the company at prevailing market price through stock exchange as per declaration disseminated on 19.09.2019.
— DSE/CSE Online