Share trading of Paramount Ins Co begins tomorrow
Wednesday, 24 October 2007
FE Report
The share trading of Paramount Insurance Company Ltd begins tomorrow (Thursday) in Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE).
A board meeting of DSE Tuesday fixed the debut trading date of the newly listed issue.
Earlier, the listing sub-committee of the bourse in a meeting on October 16 gave the listing approval of the issue.
Paramount Insurance floated 0.9 million shares with the face value of Tk 100 per share and the subscription took place between July 29 to August 11 last.
Paramount Insurance will be the 33rd listed insurance company of DSE.
At present there are 36.79 million shares of 32 insurance companies in the DSE. The insurance companies began to float shares in the stock market since 1989.
Of them, Prime Islami Life Insurance made debut in the DSE this year while Pragati Life Insurance, Sonar Bangla Insurance, Asia Pacific General Insurance and Progressive Life Insurance got listed in 2006.
Out of 32 insurance companies, only six are in Z-category, three in B-category, one in N-category while the rest are in A-category, according to DSE statistics.
Meanwhile, City General Insurance Company will be listed in both the bourses soon while the subscription of Continental Insurance begins on November 18 next.
The share trading of Paramount Insurance Company Ltd begins tomorrow (Thursday) in Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE).
A board meeting of DSE Tuesday fixed the debut trading date of the newly listed issue.
Earlier, the listing sub-committee of the bourse in a meeting on October 16 gave the listing approval of the issue.
Paramount Insurance floated 0.9 million shares with the face value of Tk 100 per share and the subscription took place between July 29 to August 11 last.
Paramount Insurance will be the 33rd listed insurance company of DSE.
At present there are 36.79 million shares of 32 insurance companies in the DSE. The insurance companies began to float shares in the stock market since 1989.
Of them, Prime Islami Life Insurance made debut in the DSE this year while Pragati Life Insurance, Sonar Bangla Insurance, Asia Pacific General Insurance and Progressive Life Insurance got listed in 2006.
Out of 32 insurance companies, only six are in Z-category, three in B-category, one in N-category while the rest are in A-category, according to DSE statistics.
Meanwhile, City General Insurance Company will be listed in both the bourses soon while the subscription of Continental Insurance begins on November 18 next.