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News Briefs

News Briefs (26-11-2018)

November 26, 2018 12:00:00


Profit booking pulls stocks down

Profit-taking in banking, non-bank, telecommunication and pharmaceuticals stocks kept the stock market lower on the opening day of the week on Sunday. Market operators said the fall in prices of major sectors, which were on a gaining streak in the previous week, pulled the market down, snapping a four-day gaining streak. Accordingly, the non-bank financial institutions posted the highest correction of 1.22 per cent, followed by banking with 0.94 per cent, telecommunication 0.81 per cent, pharmaceuticals 0.68 per cent and power 0.03 per cent. Although engineering and food sectors - advanced 0.55 per cent and 0.53 per cent respectively were not enough to offset the losses in other sectors. The market opened on negative note and the downward trend continued till end of the session with no sign of reversal, eventually ended more than 29 points lower. DSEX, the prime index of the Dhaka Stock Exchange, went down by 29.70 points or 0.55 per cent, closing the day at 5,276, after adding 64 points in the past week. — FE Report

Recommendation of dividend

Agricultural Marketing Company Ltd. (Pran): The board of directors of the company has recommended 32 per cent cash dividend for the year ended on June 30, 2018. The AGM will be held on December 22, 2018 at 9:30 am at FUZI Trade Centre, Cha 87/C, Progoti Soroni, Uttar Badda, Dhaka-1212. The record date is December 13, 2018. The company has also reported EPS of Tk. 6.94, NAV per share of Tk. 75.39 and NOCFPS of Tk. 27.86 for the year ended on June 30, 2018 as against Tk. 6.87, Tk. 71.72 and Tk. 28.25 respectively for the same period of the previous year.

— DSE Online


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