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DSE/CSE News in Brief (01-10-2019)

October 01, 2019 00:00:00


DSE NEWS

Credit rating

IPDC Finance Limited: Emerging Credit Rating Limited (ECRL) has assigned rating to IPDC Finance Limited as "AAA" in the long term and "ST-1" in the short term along with a stable outlook based on audited financial statements of the company up to December 31, 2018 and other relevant quantitative as well as qualitative information up to the date of rating.

LankaBangla Finance Ltd.: Credit Rating Agency of Bangladesh Limited (CRAB) has announced the rating of the company as "AA3" in the Long Term and "ST-2" in the short term along with a stable outlook based on audited financial statements up to December 31, 2018 and other relevant quantitative as well as qualitative information up to the date of rating declaration.

Bangas Ltd.: Emerging Credit Rating Limited (ECRL) has assigned the rating of Bangas Ltd. as "BBB+" in the long term and "ST-3" in the short term along with a stable outlook based on audited financial statements of the company up to June 30, 2018 and unaudited financial statements up to March 31, 2019 and other relevant quantitative as well as qualitative information up to the date of rating.

BSRM Steels Limited: Credit Rating Information and Services Limited (CRISL) has rated BSRM Steels Limited as "AA+" in the long term and "ST-2" in the short term along with a stable outlook in consideration of its audited financials up to June 30, 2019 and other relevant quantitative as well as qualitative information up to the date of rating declaration.

Query Response

Paramount Insurance Company Limited: In response to a DSE query dated September 29, 2019, Paramount Insurance Company Limited has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike of shares.

Suspension of trading

KDS Accessories Ltd.: Trading of the shares of KDS Accessories Ltd. will remain suspended on its record date, today (Tuesday).

CSE NEWS

Buy intention

Eastern Insurance Company Ltd.: Trans Asia Industries Ltd. (where Mr. Matiur Rahman is the director of Trans Asia Industries Ltd. and also a sponsor director of Eastern Insurance Company Ltd.), has expressed its intention to buy 3,29,000 shares of the company at prevailing market price (in the block market) through DSE within October 31, 2019.

Uttara Finance and Investments Limited: Trans Asia Industries Ltd. (where Mr. Matiur Rahman is the Director of Trans Asia Industries Ltd. and also a nominated director of Uttara Finance and Investments Limited), has expressed its intention to buy 3,25,000 shares of the company at prevailing market price (in the block market) through DSE within October 31, 2019.

National Life Insurance Company Ltd.: Trans Asia Industries Ltd. (where Mr. Matiur Rahman is the director of Trans Asia Industries Ltd. and also a public shareholder director of National Life Insurance Company Ltd.), has expressed its intention to buy 74,000 shares of the company at prevailing market price (in the block market) through DSE within October 31, 2019.

SEML FBLSL Growth Fund: FBL Securities Ltd., one of the corporate sponsors of SEML FBLSL Growth Fund., has reported its intention to sell 20,00,000 units out of its total holding of 3,05,00,000 units of the fund at prevailing market price (in the public market) through DSE within next 30 working days.

Sale intention

Shahjalal Islami Bank Ltd.: Mrs. Tahera Faruque, one of the directors of Shahjalal Islami Bank Ltd., has reported her intention to sell 10,00,000 shares out of her total holding of 3,08,56,325 shares of the company at prevailing market price (in the public market) through DSE within October 31, 2019.

Sale confirmation

SEML FBLSL Growth Fund: FBL Securities Ltd., one of the corporate sponsors of SEML FBLSL Growth Fund, has reported that it has completed its sale of 20,00,000 units of the fund at prevailing market price through stock exchange as per declaration disseminated on 16.09.2019.

— DSE/CSE Online


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