DSE/CSE News in Brief (07-03-2018)

March 07, 2018 00:00:00

DSE NEWS

Credit rating result

Purabi Gen. Insurance Company: Alpha Credit Rating Limited (AlphaRating) has rated Purabi Gen. Insurance Company Ltd. as "A" in the long term and "ST-3" in the short term along with a stable outlook based on audited financial statements of the company as on December 31, 2016 and relevant qualitative information till March 05, 2017.

Resumption of trading

Prime Insurance Company: Trading of the shares of Prime Insurance Company Ltd. will resume today (Wednesday) after record date.

Withdrawal of authorised

representative

UniCap Securities: UniCap Securities Limited (DSE TREC No. 163) has withdrawn one of its authorised representatives, Mr. Mrinmoy Ghosh, with immediate effect.

HAC Securities: HAC Securities Limited (DSE TREC No. 74) has withdrawn one of its authorised representatives, Mr. Md. Miraz Khan, with immediate effect.

Intention to sell shares

Western Marine Shipyard Limited: Mr. Md. Saiful Islam, one of the Sponsors Directors of Western Marine Shipyard Limited, has expressed his intention to sell 30,00,000 shares out of his total holding of 1,87,93,106 shares of the company at prevailing market price (In the Public market) through Stock Exchange (DSE) within next 30 working days.

CSE NEWS

Spot trading

Alif Industries: Trading of the shares of Alif Industries Limited will be allowed only in the Spot Market from today (Wednesday) to tomorrow (Thursday) as the record date of the company is on March 11, 2018 for EGM.

Query response

Bangladesh Lamps: In response to a DSE query dated March 05, 2018, Bangladesh Lamps Limited has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike of shares.

Ordinary shares transfer

Summit Power: Summit Power Limited has informed that in an emergency Board Meeting held Tuesday, the Board of Directors of the Company has approved transfer of 70,237,499 ordinary shares of the company now held by Summit Holdings Limited (SHL) to Summit Corporation Limited (SCL) on terms mutually agreed by Transferor (SHL) and the Transferee (SCL) subject to approval of Bangladesh Securities and Exchange Commission.

— DSE/CSE Online