NAV of CAPM Unit Fund
CAPM Company Limited has declared the Net Asset Value (NAV) of CAPM Unit Fund. The total NAV of CAPM Unit Fund stood at Tk 134,029,884.32 on the basis of cost price and Tk 149,776,045.12 on the basis of market price at the close of the operations on February 10. The NAV per unit at cost price and market price of the fund are Tk 117.24 and Tk 131.01 respectively against the face value of Tk 100 per unit. Per unit subscription and surrender prices of the CAPM Unit Fund have been re-fixed at Tk 131.01 and Tk 130.61 respectively. The prices will remain valid from February 13 until announcement of the next NAV. — Statement
NAV of CAPM BDBL Mutual Fund 01
CAPM Company Limited has declared the Net Asset Value (NAV) of CAPM BDBL Mutual Fund 01. The total NAV of CAPM BDBL Mutual Fund 01 stood at Tk 550,465,819.89 on the basis of cost price and Tk 631,648,535.27 on the basis of market price at the close of the operations on February 10. The NAV per unit at cost price and market price of the fund are Tk 10.98 and Tk 12.60 respectively against the face value of Tk 10 per unit. — Statement
Saudi fund to buy controlling stake in Depa
The Public Investment Fund, Saudi Arabia's sovereign wealth fund, will take a controlling stake in interior design and speciality contractor Depa Plc by agreeing to buy 150 million dirhams ($40.84 million) worth of new shares. The deal will allow the PIF to own 55per cent of the company, but the $480 billion fund may also exercise the purchase of a warrant instrument that will give it additional shares and a stake of 62.5per cent if the warrant is exercised in up to 18 months, Depa said. Saudi Arabia, the world's biggest oil exporter, is developing its tourism industry as part of an economic diversification push by Crown Prince Mohammed bin Salman, the kingdom's de facto ruler. — Reuters
Tech stocks drag HK shares lower
Hong Kong shares ended lower on Friday, dragged down by tech giants on bets of more aggressive US interest rate hikes after red-hot inflation data, while gains in financial stocks limited losses. The Hang Seng index fell 0.1per cent to 24,906.66, while the China Enterprises Index lost 0.1per cent to 8,784.39. For the week, the Hang Seng Index and the China Enterprises Index added 1.4per cent and 2.3per cent, respectively. Hang Seng Tech Index lost 1.2per cent, with Meituan and Tencent down 2.5per cent and 1.5per cent, respectively. — Reuters
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