Islami Bank leads DSE turnover chart

Top ten traded cos grab 34pc transaction


FE Report | Published: October 09, 2017 00:31:32 | Updated: October 23, 2017 01:18:49


Top 10 traded companies, including six banks, captured nearly 34 per cent transaction of the Dhaka bourse on Sunday while Islami Bank Bangladesh dominated the chart.

The total turnover on the Dhaka Stock Exchange (DSE) stood at Tk 10.54 billion on the day, which was only 0.38 per cent lower than the previous day's Tk 10.58 billion transaction.

The most active shares in terms of value included Islami Bank, LankaBangla Finance, National Bank, Exim Bank, Uttara Bank, Aamra Networks, UCB, Premier Bank, IDLC Finance and IFAD Autos.

Of them, share price of six companies rose up to 5.30 per cent while four faced correction up to 5.88 per cent on the day over the previous session.

According to statistics available with the DSE, about 15.95 million shares of Islami Bank were traded, generating a turnover of Tk 619 million, which was 5.87 per cent of the premier bourse's total turnover.

The bank's share price hovered between Tk 37.50 and Tk 39.50, before closing at Tk 39.20 each, advancing 4.81 per cent over the previous session.

The bank, which was listed on the Dhaka bourse in 1985, disbursed 10 per cent cash dividend for the year ended on December 31, 2016, lowest in the bank's recent history. In 2015, the bank also disbursed 20 per cent cash dividend.

The largest private commercial bank made a profit of Tk 1.61 billion in January-June this year, down by 52.73 per cent from the same period last year. Its higher provision for rising default loans affected the profit.

The bank's paid-up capital is Tk 16.10 billion and authorised capital is Tk 20 billion while total number of securities is 1.61 billion.

Sponsor-directors own 44.55 per cent stake in the bank, while institutional investors own 5.15 per cent, foreign investors 32.28 per cent and the general public own 18.02 per cent as on September 30, 2017, the DSE data shows. LankaBangla followed next, with shares of Tk 561 million changing hands. It was 5.32 per cent of the day's total turnover transaction. The company's share price closed at Tk 64.90 each, gaining 3.18 per cent.

National Bank notched the third spot, with shares of Tk 391 million changing hands, which was 3.71 per cent of the total turnover. The bank's share price closed at Tk 14.80 each, losing 2.63 per cent over the previous day.

Exim Bank emerged as fourth with shares of Tk 342 million changing hands, grabbing 3.24 per cent of the day's total turnover. The bank's share price fell 0.52 per cent to close at Tk 18.90 each.

The turnover of Uttara Bank was Tk 337 million, capturing 3.20 per cent of the day's total transaction. The bank's share price closed at Tk 41.70, advancing 5.30 per cent.

The newly-listed Aamra Networks featured a turnover of Tk 317 million which was 3.0 per cent of the day's total turnover. The company's share plunged 5.88 per cent to close at Tk 136 each. It was also the day's worst loser.

The turnover of UCB was Tk 286 million, grabbing 2.71 per cent of the day's total turnover. The bank's share price closed at Tk 25.70, gaining 0.78 per cent over the previous day.

Premier Bank featured a turnover of Tk 241 million, which was 2.28 per cent of the day's total transaction. The bank's share price fell 3.28 per cent to close at Tk 17.70 each.

The turnover of IDLC Finance was Tk 230 million, capturing 2.18 per cent of the day's total turnover. The company's share price closed at Tk 92.50 each, gaining 3.23 per cent over the previous day.

IFAD Autos was also included in the top ten turnover chart with shares of Tk 227 million changing hands. The company's share price closed at Tk 151.10 each, advancing 4.78 per cent over the previous day.

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