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Ten most-traded stocks grab 48pc turnover

FE REPORT | April 22, 2021 00:00:00

Bangladesh Export Import Company (Beximco) - the flagship company of Beximco Group, continued to lead the Dhaka bourse's turnover list while ten most-traded stocks grabbed 48 per cent transaction on Wednesday.

The concerns of Beximco Group are leading the market from the front in the past few months as Beximco and Beximco Pharmaceuticals continued to feature in the turnover board, market insiders said.

According to available data with the Dhaka Stock Exchange (DSE), about 14.94 million Beximco's shares were traded, generating a turnover of Tk 1.30 billion, which was 16.72 per cent of the day's total turnover.

The company's share closed at Tk 86.10 on Wednesday, gaining 0.47 per cent over the previous day. Its shares price soared more than 25 per cent or Tk 17.40 each within seven trading days.

In the last one year, Beximco'sshares price jumped 502 per cent or about Tk 72 each. The company's share price was Tk 14.30 each a year back.

Beximco's earnings per share (EPS) in the first half of 2020-21 led to the buoyancy in the market. Beximco's EPS soared more than 255 per cent year-on-year to Tk 1.92 in the July- December, 2020.

Beximco, which was listed on the Dhaka bourse in 1989, disbursed 5.0 per cent cash dividend for the year ended on June 30, 2020.

The company is set to issue the first-ever private sector asset-backed Islamic Shariah compliant Sukuk Al Istisna for Tk 30 billion for business expansion.

Beximco Pharmaceuticals was the second highest turnover leader with shares worth Tk 430 million changing hands. The drug maker's share closed at Tk 192.30 each on Wednesday, rising 1.53 per cent over the previous day.

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