DSE/CSE News in Brief (02-09-2019)

FE Team | Published: September 01, 2019 22:39:46

DSE NEWS
Recommendation of no dividend
Padma Islami Life Insurance Limited: The board of directors has recommended no dividend for the year ended on December 31, 2018. Date, time and venue of the AGM will be notified later. The record date is October 13, 2019.
Disbursement of Dividend
Global Insurance Company Ltd.: The company has informed that it has credited the bonus shares for the year ended on December 31, 2018 to the respective shareholders' BO Accounts on September 01, 2019. The payment of sale proceeds of fractional shares will be sent to the respective shareholders account by BEFTN System on due time.
Credit Rating
Kohinoor Chemicals Company (Bangladesh) Ltd.: Credit Rating Information and Services Limited (CRISL) has rated the company as "AA-" in the long term and "ST-2" in the short term along with a stable outlook based on audited financial statements of the company up to June 30, 2018, un-audited financials up to March 31, 2019 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
Buy Confirmation
Meghna Life Insurance Co. Ltd.: Karnaphuli Insurance Co. Ltd., one of the corporate directors of the company, has completed its buying of 3,40,000 shares of the company at prevailing market price through stock exchange as per declaration disseminated on 26.08.2019.
Resumption of trading
Trading of the units of CAPM IBBL Islamic Mutual Fund, CAPM BDBL Mutual Fund 01 and Meghna Life Insurance Co. Ltd. will resume today (Monday) after record date.
CSE NEWS
Disbursement of Dividend
Bangladesh General Insurance Co. Ltd.: The company has informed that cash dividend warrants has been disbursed for the year ended on December 31, 2018.
Board Meeting
KDS Accessories Ltd.: A board meeting of the company will be held on September 07, 2019 at 4:00 PM to consider, among others, audited financial statements of the company for the year ended on June 30, 2019.
Buy Intention
Pragati Insurance Limited: Mr. ASM Mohiuddin Monem, one of the public directors of the company, has reported his intention to buy 6,67,274 shares of the company at prevailing market price (In the Public Market 4,63,374 shares and Block Market 2,03,900 shares) through Stock Exchange (DSE) within next 30 working days.
Peoples Insurance Company Ltd.: Mr. Jafar Ahmed Patwari, one of the directors of the company, has reported his intention to buy 50,000 shares of the company at prevailing market price (in the public market) through stock exchange (DSE) within next 30 working days.
Sale Confirmation
SEML FBLSL Growth Fund: FBL Securities Ltd., one of the corporate sponsors of the fund, has further reported that it has completed its sale of 10,00,000 units of the Fund at prevailing market price through Stock Exchange as per declaration disseminated on 07.08.2019.
— DSE/CSE Online