DSE/CSE News in Brief (29-09-2020)

Board meeting
Fareast Islami Life Insurance Co. Ltd: A board meeting of the company will be held on October 04, 2020 at 2:30 PM to consider, among others, audited financial statements of the company for the year ended on December 31, 2019.
Reschedule of board meetings
Prime Finance & Investment Limited: Due to some unavoidable circumstances a board meeting of the company will now be held on September 30, 2020 at 3:00 PM instead of September 28, 2020 to consider, among others, un-audited financial statements of the company for the first quarter period ended on March 31, 2020 and second quarter period ended on June 30, 2020.
Prime Finance & Investment Limited has further informed that due to some unavoidable circumstances the board meeting of the company will now be held on September 30, 2020 at 3:00 PM instead of September 28, 2020 to consider, among others, audited financial statements of the company for the year ended on December 31, 2019.
Spot trading
Rupali Life Insurance Company Ltd: Trading of the shares of Rupali Life Insurance Company Ltd will be allowed only in the spot market from today (Tuesday) to September 30, 2020 as the record date of the company is on October 01, 2020.
Query response
Bangladesh Industrial Finance Company Limited: In response to a DSE query dated September 24, 2020, Bangladesh Industrial Finance Company Limited informed that there is no undisclosed price sensitive information of the company for recent unusual price hike of shares.
Rupali Insurance Company Ltd: In response to a DSE query dated September 24, 2020, Rupali Insurance Company Ltd informed that there is no undisclosed price sensitive information of the company for recent unusual price hike of shares.
Nitol Insurance Company Limited: In response to a DSE query dated September 24, 2020, Nitol Insurance Company Limited has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike of shares.
Category change
Mercantile Insurance Company Limited: The company has been placed in "B" category from existing "A" category with effect from Monday as the company approved 7.0 per cent cash dividend for the year ended on December 31, 2019. As per BSEC Directive No. SEC/CMRRCD/2009-193/177 and BSEC Order No. SEC/CMRRCD/2009-193/178 dated October 27, 2015; the stock brokers and merchant bankers are requested not to provide loan facilities to their clients against trading of the shares of the company up to 30 trading days from Monday.
— DSE/CSE Online