KPCL generates highest weekly turnover again

Khulna Power Ltd dominated the Dhaka Stock Exchange's turnover chart for the second consecutive week while ten most-traded stocks grabbed 21 per cent transactions.
Market analysts said investors continued to show their appetite on Khulna Power shares after the news that the company will acquire 35 per cent ordinary shares of United Payra Power Plant.
Recently, the power generation company has decided to acquire 35 per cent ordinary shares of United Payra Power Plant, subject to approval of relevant authorities.
According to the DSE data, some 12.17 million shares of Khulna Power were traded, generating a turnover of more than Tk 585 million, which was 4.49 per cent of the week's total turnover of Tk 13.02 billion.
The company's share closed at Tk 51.90 on Thursday, the trading day of the week, soaring 15.85 over the week before.
The power generation company's share traded between Tk 34.90 and Tk 73.50 in the last one year.
The company disbursed 40 per cent cash dividend for the year ended on June 30, 2019. In 2018, it paid 30 per cent cash and 10 per cent stock dividend.
The company's paid-up capital is Tk 3.97 billion and authorised capital is Tk 7.0 billion while total number of securities is 397.41 million.
The sponsor-director own 69.99 per cent stake in the company, while the institutional investors own 11.46 per cent, foreign investors 0.72 per cent and the general public 17.83 per cent as on November 30, 2019, the DSE data showed.
Satndard Ceramic came second on the turnover chart, with shares worth Tk 334 million changing hands. The company's share price soaring 13.14 per cent to close at Tk 719.60 each on Thursday.
Brac Bank clinched the third spot, with shares worth Tk 301 million changing hands. The bank's share closed at Tk 52.30, losing 7.60 per cent last week.
Square Pharma emerged as the fourth, with shares worth Tk 246 million changing hands. The company's share advanced 0.37 per cent to close at Tk 189 each.
Beacon Pharma notched the fifth spot, with shares worth Tk 237 million changing hands. The life insurer's share closed at Tk 45.80 each, soaring 8.02 per cent over the previous week.
The turnover of LafargeHolcim was Tk 235 million. The cement producer's share price rose 8.26 per cent to close at Tk 36.70 each.
Shurwid Industries featured a turnover of Tk 221 million. The company's share closed at Tk 32.90 each, soaring 12.29 per cent.
The turnover of Daffodil Computers was Tk 214 million. The company's share closed at Tk 60.50 on Thursday, remaining unchanged over the previous week.
National Life Insurance featured a turnover of Tk 209 million. The life insurer's share closed at Tk 269.70 each, losing 6.52 per cent.
Sinobangla Insurance also made its way to the week's top turnover chart, with shares worth Tk 190 million changing hands. The company's share price fell 1.43 per cent to close at Tk 82.90 each.

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