News Briefs (2022-04-30)

Spot trading

LankaBangla Finance: Trading of the shares of LankaBangla Finance Limited will be allowed only in the spot market from May 05, 2022 to May 08, 2022 as the record date of the company is on May 09, 2022.

Suspension of trading

The City Bank: Trading of the shares of The City Bank Limited will remain suspended on its record date, May 05, 2022. Trading of the shares of the company will resume on May 08, 2022.

Credit rating

Mostafa Metal: National Credit Ratings Limited (NCR) has announced the Initial entity rating of Mostafa Metal Industries Limited as "NSME-3" along with a stable outlook based on audited financial statements of the company as on June 30, 2021.

Grameenphone: Credit Rating Information and Services Ltd (CRISL) has informed that the rating committee of CRISL has assigned the rating to Grameenphone Ltd as "AAA" in the long term and "ST-1" in the short term along with a stable outlook in consideration of its audited financials up to December 31, 2021 and other relevant quantitative as well as qualitative information up to the date of rating declaration.

Simtex Industries: Credit Rating Information and Services Ltd (CRISL) has informed that the rating committee of CRISL has assigned rating of Simtex Industries Limited as "A" in the long term and "ST-3" in the short term along with a stable outlook in consideration of its audited financials up to June 30, 2021, also unaudited financials up to March 31, 2022 and other relevant quantitative as well as qualitative information up to the date of rating declaration.

Express Insurance: Alpha Credit Rating Limited (AlphaRating) has informed that it has assigned the rating of Express Insurance Limited as "AA" for long term and "ST-2" for short term along with a stable outlook based on audited financial statements of the company as on December 31, 2020 and relevant qualitative information till April 26, 2022.

— DSE/CSE Online