TODAY’S CSE news
2020-09-28: Today s Trade
CSE NEWS: Today s (28 September 2020) Total Trades: 9,254, Volume: 12,622,510 and Turnover: Tk. 201.01 million.
2020-09-28: Cont2-Auditor s Opinion
RELIANCE1(cont2): in total have been valuated at cost and the management of the Fund does not anticipate any major deviation in the valuation of these securities. 3. Without qualifying our report, we would like to draw the attention to the accompanying note- 5.1 to the accompanying financial statements that the fund had originally invested Taka 86,100,244 in shares of IBBL Mudaraba Perpetual Bond representing 12.66% of total asset as against statutory limit of 10% of its total assets in any particular company and the investment exposure has been brought within the allowable limit subsequently. (end)
2020-09-28: Cont1-Auditor s Opinion
RELIANCE1(cont1): No audited financial statements and audit report for the period from 1 July 2019 to 30 June 2020 of Achia Sea Food Limited was available as yet and as such the valuation of the securities has been calculated using NAV rate of Taka 15.99 per share having cost of Taka 10 per share. 2. Similarly, we would also like to draw the attention to the accompanying note- 6.2 to the accompanying financial statements that the fund holds 31,200 shares in Walton Hi-Tech Industries Limited and 208,632 shares in Express Insurance Ltd. for amount of Taka 9,984,000 and Taka 2,086,320 respectively(cont2)
2020-09-28: Auditor s Opinion
RELIANCE1: The auditors of Reliance One the first scheme of Reliance Insurance Mutual Fund, has given the following emphasis of matter in the audit report of the Fund for the year ended on 30 June 2020: Emphasis of Matter: 1. We would like to draw the attention to the accompanying note- 6.1 to the accompanying financial statements that fund holds 500,000 shares amounting to Taka 5,000,000 in Achia Sea Food Limited. Valuation of investment in Achia Sea Food Limited has been verified by us reference to the audit report issued by Mahfel Huq & Co for the year ended 30 June 2019.(cont1)
2020-09-28: Reschedule of Board Meeting
PRIMEFIN: Prime Finance & Investment Limited has further informed that due to some unavoidable circumstances the Board meeting of the Company will now be held on September 30, 2020 at 3:00 PM instead of September 28, 2020 to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2020 and Second Quarter (Q2) period ended on June 30, 2020.
2020-09-28: Reschedule of Board Meeting
PRIMEFIN: Prime Finance & Investment Limited has further informed that due to some unavoidable circumstances the Board meeting of the Company will now be held on September 30, 2020 at 3:00 PM instead of September 28, 2020 to consider, among others, audited financial statements of the Company for the year ended on December 31, 2019.
2020-09-28: Spot trade from tomorrow (29.09.2020)
RUPALILIFE: Trading of the shares of Rupali Life Insurance Company Ltd. will be allowed only in the Spot Market from 29.09.2020 to 30.09.2020 as the record date of the Company is on 01.10.2020.
2020-09-28: Query Response
BIFC: In response to a DSE query dated September 24, 2020, Bangladesh Industrial Finance Company Limited has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
2020-09-28: Board Meeting
QUASEMIND: Quasem Industries Limited has informed that the Board Meeting of the Company will be held on October 08, 2020 at 2:45 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2020.
2020-09-28: Inadvertent mistake in Financial Statement
IBNSINA: In reference to the earlier news disseminated on September 20, 2020 regarding Recommendation of Dividend, The Ibn Sina Pharmaceutical Industry Ltd. has further informed that due to some clerical mistake made inadvertently, there were mismatch in the consolidated financial statements of the Company for the year ended on June 30, 2020. Consolidated EPS of the Company will be Tk. 12.56 instead of earlier declared Tk. 12.43, Consolidated NAV per share will be Tk. 56.88 instead of Tk. 56.74 and Consolidated NOCFPS will be Tk. 15.92 instead of Tk. 14.08 for the year ended on June 30, 2020. Other information of the AGM will remain unchanged.
2020-09-28: Query Response
RUPALIINS: In response to a DSE query dated September 24, 2020, Rupali Insurance Company Ltd. has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
2020-09-28: Transfer Confirmation
EASTLAND: Mr. Md. Harunor Rashid Khan, one of the Sponsors of Eastland Insurance Company Limited, has further reported that he has completed his transfer of 1,89,224 shares of the Company to his son Mr. Ahad Harun Khan, by way of gift outside the trading system of the Exchange as per declaration disseminated on 21.09.2020.
2020-09-28: Scripgroup status of goTX
MERCINS: All concerned are hereby informed that category of MERCINS has been changed to B . Please ignore the scripgroup status of goTX, which is showing as A today.
2020-09-28: Query Response
NITOLINS: In response to a DSE query dated September 24, 2020, Nitol Insurance Company Limited has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
2020-09-28: Spot Trade Continuing Today (28.09.2020)
SPOT TRADE: Please find SPOT Trade is continuing today on the trading of the shares of JANATAINS.
2020-09-28: Board Meeting
FAREASTLIF: Fareast Islami Life Insurance Co. Ltd. has informed that the Board Meeting of the Company will be held on October 04, 2020 at 2:30 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2019.
2020-09-28: Category Change
MERCINS: Please note that Mercantile Insurance Company Limited has been placed in B category from existing A category with effect from today 28 September 2020 as the Company has approved 7% cash dividend for the year ended on December 31, 2019. As per BSEC Directive No. SEC/CMRRCD/2009-193/177 and BSEC Order No. SEC/CMRRCD/2009-193/178 dated October 27, 2015; the stock brokers & merchant bankers are requested not to provide loan facilities to their clients against trading of the shares of MERCINS up to 30 trading days from today 28 September 2020.
2020-09-28: BSEC Directive on Maximum Margin Loan Limit
BSEC News: As per BSEC Directive No. BSEC/Surveillance/2020 -975/128 dated 21 September 2020, the TREC holders of the stock exchanges may now extend maximum limit of credit facilities to their approved clients in the following manner under the Margin Riles, 1999 until further order: DSEX Index Below- 4000 maximum margin loan limit 1:1 Basis i.e., equal of clients margin/deposit; DSEX Index 4001 to 5000 - maximum margin loan limit 1:0.75 Basis i.e., 75% of clients margin/deposit; DSEX Index 5001 to 6000 - maximum margin loan limit 1:0.50 Basis i.e., 50% of clients margin/deposit; DSEX Index 6001 and above - maximum margin loan limit 1:0.25 Basis i.e., 25% of clients margin/deposit. The Directive shall have effect from October 01, 2020.
2020-09-28: Cont2- Reschedule of Commencement of Bidding of Mir Akhter Hossain Limited
CSE NEWS(cont2): Participating EIs will be required to pay full bid amount (100%) and bidding fee BDT 5,000.00 (five thousand only) through The City Bank Limited (A/C Name: Dhaka Stock Exchange Limited, A/C No.: 1121063938001) in between 10:00 a.m. of October 04, 2020 to 2:00 p.m. of October 07, 2020 (during banking hour). Please visit the following website for bidding related updates: https://www.essbangladesh.com. (end)
2020-09-28: Cont1- Reschedule of Commencement of Bidding of Mir Akhter Hossain Limited
CSENEWS(cont1): and continue till 10:30 a.m. on October 12, 2020. Each EI who intends to participate in the electronic bidding shall maintain a minimum investment of BDT 1.00 crore only in listed securities as on the end of 24th of September, 2020 as per clause (c) of sub-rule (1) of rule 2 of the Bangladesh Securities and Exchange Commission (Public Issue) Rules, 2015. The minimum tick size (minimum bidding value) for bidding shall be BDT 50 (fifty) Lakh which is in accordance with the BSEC consent letter to Mir Akhter Hossain Limited Ref: BSEC/CI/BB-18/2018/174 dated August 23, 2020. (cont. 2)
2020-09-28: Reschedule of Commencement of Bidding of Mir Akhter Hossain Limited
CSENEWS: Reschedule of Commencement of Bidding of Mir Akhter Hossain Limited through Book Building Method: As per request of the company, the revised bidding period for Eligible Investors to determine the cut-off price of shares of Mir Akhter Hossain Limited through Electronic Subscription System (ESS) of the Exchanges will commence from 5:00 p.m. on October 04, 2020 and will continue till 5:00 p.m. on October 07, 2020 (round the clock) and valuation report submission period for Eligible Investors through Electronic Subscription System (ESS) of the Exchanges will start at 10:30 a.m. on October 08, 2020 (cont. 1)
2020-09-28: Cont-Compliances and Awareness for Alert to COVID-19
CSENEWS: (cont) (7) Arrangement of mask to provide to employees and clients in the brokerage house, (8) Discourage visitors to enter into the office, (9) Arrangement of virtual office for part of employees on rotation basis and (10) Avoid face to face meetings in the office and encourage telephone/video conference among the employees and clients.(end)
2020-09-28: Compliances and Awareness for Alert to COVID-19
CSENEWS: All concerned are hereby informed that (1) Discourage clients for rushing in the brokerage house and encourage more for trading through mobile apps and other internet based devices, (2) No hand shake, (3) No hugging; (4) Maintain reasonable social distance (at least one meter), (4) Identifying employees and clients who is coughing or sneezing or with any suspicious symptoms, (5) Avoid touching eyes, nose, ears and mouth, (6) Arrangement of hand sanitizer every time to enter office premise (employees, clients and visitors), (cont)
2020-09-28: Investor Awareness
BSEC s Message (Repeat): 1) It is not wise to invest in the capital market without having proper information, detail knowledge and experience regarding different aspects and nitty-gritty of the capital market. 2) It is to be kept in mind that the profit or loss whatever you make from investment is belong to you only. Therefore, prudent investment decision based on knowledge and fundamentals can be your real assistance. 3) Don t pay heed to rumors at the time of buying and selling of shares. Buying and selling of shares based on rumor can be harmful. Even spreading of rumor is legally prohibited. (BSEC vide its letter no. SEC/SRMIC/2010/726 dated 23 November 2010).
2020-09-28: Continue- Important news
BSEC (continue) (Repeat): In this situation, in the greater and long term interest of the growing capital market and investors, all related to Stock Exchange and market intermediaries i.e. stock broker/dealer, asset manager, merchant banker, issuer company including their officials are requested to abstain from giving opinion/comment on investment which may create enthusiasm or confusion among the investors. (end)
2020-09-28: Important news
BSEC (Repeat): It is observed that in the context of the present condition of the capital market, many small and new investors are involved which is undoubtedly encouraging. But it is a matter of concern that a portion of these investors without having proper, timely and detail knowledge and reviewing/analyzing the information of the different aspects of the capital market are being attracted in investing on the basis of rumor, hearsay and different comments from different quarters, which may make their hard earned capital risky, as a result, it will not only hamper the confidence of these investors but may also create hindrance of the continuity and firm growth of the capital market. (continue)
2020-09-28: CSE NEWS
Message: All investors are requested to make their investment decision on the basis of financial strength of the companies not on the basis of rumor.