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CSE NEWS Today

Posted By : Admin    October 07, 2020   

TODAY’S CSE news

2020-10-07: Extension of suspension of Trading of Shares

BXSYNTH: Referring to the earlier news disseminated on 08.09.2020 regarding suspension of Trading of Shares of Beximco Synthetics Ltd., the suspension period of trading of shares of the Company has been extended for further period of 15 days effective from October 08, 2020 as per Section 9(8) of the Securities and Exchange Ordinance, 1969.

2020-10-07: Today s Trade

CSE NEWS: Today s (07 October 2020) Total Trades: 12,150, Volume: 13,964,706 and Turnover: Tk. 264.26 million.

2020-10-07: Auditor s Opinion

PF1STMF: The auditor of Phoenix Finance 1st Mutual Fund has given the following Emphasis of Matter in the audit report of the fund prepared for the year ended on 30 June, 2020. Emphasis of Matter: 1. We draw attention to note no. 8.01 trustee has made provision for the fluctuation of price of investment in capital market totaling Tk. 64,697,255 as on June 30, 2020 in lieu of required provision of Tk. 362,230,439 which effectively creates shortfall provision of Tk. 297,533,184. During the year trustee hasn t made provision. Note -8.01 Provision for Marketable Investments: Balance of Provision for Marketable Investments was BDT 64,697,255 and BDT 64,697,255 as on 30 June 2020 and as on 30 June 2019 respectively.

2020-10-07: Auditor s Opinion

PRIME1ICBA: The auditor of Prime Bank 1st ICB AMCL Mutual Fund has given the following Emphasis of Matter in the audit report of the fund prepared for the year ended on 30 June, 2020. Emphasis of Matter: We draw attention to note no. 8 trustee has made provision for the fluctuation of price of investment in capital market totaling Tk. 105,057,842 as on June 30, 2020 in lieu of required provision of Tk. 573,425,598 which effectively creates shortfall provision of Tk. 468,367,756. Note-8.00 Provision for Marketable Investments: Balance of Provision for Marketable Investments was BDT 105,057,842 and BDT 100,057,842 as on 30-June-2020 and as on 30 -June-2019 respectively.

2020-10-07: Auditor s Opinion

ICBAMCL2ND: The auditor of ICB AMCL Second Mutual Fund has given the following Emphasis of Matter in the audit report of the fund prepared for the year ended on 30 June, 2020. Emphasis of Matter: 1. We draw attention to note no. 8 trustee has made provision for the fluctuation of price of investment in capital market totaling Tk. 114,295,419 as on June 30, 2020 in lieu of required provision of Tk. 365,067,511 which effectively creates shortfall provision of Tk. 250,772,092. Note -8.00 Provision for Marketable Investments: Balance of Provision for Marketable Investments was BDT 114,295,419 and BDT 114,295,419 as on 30 -June -2020 and as on 30-June - 2019 respectively.

2020-10-07: Record Date tomorrow (08.10.2020)

EHL: Trading of the shares of Eastern Housing Limited will remain suspended on its record date i.e., 08.10.2020. Trading of the shares of the Company will resume on 11.10.2020.

2020-10-07: Record Date tomorrow (08.10.2020)

BDFINANCE: Trading of the shares of Bangladesh Finance and Investment Company Limited will remain suspended on its record date i.e., 08.10.2020. Trading of the shares of the Company will resume on 11.10.2020.

2020-10-07: Board Meeting

ACMELAB: The ACME Laboratories Ltd. has informed that the Board Meeting of the Company will be held on October 14, 2020 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2020.

2020-10-07: Dividend Disbursement

FEDERALINS: Federal Insurance Company Ltd. has informed that it has disbursed cash dividend for the year ended on December 31, 2019 to the respective shareholders Bank Accounts through BEFTN system and issued dividend warrant whom the company could not remit due to incomplete bank information and shareholders having shares in paper form.

2020-10-07: Spot trade from tomorrow (08.10.2020)

APEXFOOT: Trading of the shares of Apex Footwear Limited will be allowed only in the Spot Market from 08.10.2020 to 11.10.2020 as the record date of the Company is on 12.10.2020 for AGM & EGM.

2020-10-07: Spot trade from tomorrow (08.10.2020)

IBNSINA: Trading of the shares of The Ibn Sina Pharmaceutical Industry Ltd. will be allowed only in the Spot Market from 08.10.2020 to 11.10.2020 as the record date of the Company is on 12.10.2020.

2020-10-07: (Cont)Fire accident occurred at Golden Son Factory

GOLDENSON: (cont) With 4/5 hours of continuous efforts of 11 units of Fire brigade, the fire came under control. They also informed that in present Covid-19 pandemic situation complying all of government health rules on Covid-19 production of the factory is going in full swing.(end)

2020-10-07: Fire accident occurred at Golden Son Factory

GOLDENSON: Golden Son Limited has informed that on 04.10.2020 at around 6:45 PM, a devastating fire broke out on the 4th, 5th, 6th floors of the Head office and Factory building of the company at Khowaj Nagar, Ajimpara, Karnaphuli, Chattogram. The fire caused extensive damages to the factory building, Machinery, raw materials, semi-finished, finished goods, spares and other asset and properties of the factory. The main basement warehouse where stocks of various items have been kept has been flooded by firefighting water.(cont)

2020-10-07: Correction-Transfer Intention

WATACHEM(Correction): Referring to the earlier news disseminated by CSE on 06.10.2020 regarding Transfer Intention of WATACHEM, total holding of Md. Nazrul Islam will be 52,25,290 shares instead of 7,68,578 shares. Other information will remain unchanged.

2020-10-07: Sale Intention

STANDBANKL: Mr. Harun-Or-Rashid, one of the Sponsors of Standard Bank Limited, has reported his intention to sell 10,00,000 shares out of his total holding of 3,05,12,451 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange (DSE) within October 29, 2020.

2020-10-07: Buy Intention

METROSPIN: Ms. Laila Ali, one of the Directors of Metro Spinning Limited, has reported her intention to buy 12,34,000 shares of the Company at prevailing market price (In the Block market) through Stock Exchange (DSE) within October 29, 2020.

2020-10-07: Buy Intention

METROSPIN: Mr. Mohammad Ali Khokon, one of the Sponsor Directors of Metro Spinning Limited, has reported his intention to buy 11,66,000 shares of the Company at prevailing market price (In the Block market) through Stock Exchange (DSE) within October 29, 2020.

2020-10-07: GWS Version Update

CSE NEWS: To get the updated version of GWS, please select Update while log in to the system.

2020-10-07: GWS Version Update

CSE NEWS: To get the updated version of GWS, please select ?Update? while log in to the system.

2020-10-07: Dividend Disbursement

REPUBLIC: Republic Insurance Company Ltd. has informed that the Bonus shares of the Company for the year ended on December 31, 2019 have already been credited through CDBL to the respective shareholders BO Accounts and also disbursed the cash dividend to the respective shareholders.

2020-10-07: Sale Intention

CENTRALINS: Ms. Hosneara Aziz, one of the Sponsors of Central Insurance Company Ltd., has reported intention to sell her entire holding of 2,75,625 shares of the Company at prevailing market price (In the Public Market) through Stock Exchange (DSE) within October 29, 2020.

2020-10-07: Spot Trade Continuing Today (07.10.2020)

SPOT TRADE: Please find SPOT Trade is continuing today on the trading of the shares of BDFINANCE & EHL.

2020-10-07: Cont2-Commencement of Bidding of Lub-rref (Bangladesh) Limited

CSENEWS(cont2): The Central Depository Bangladesh Limited (CDBL) shall send a report to the exchange regarding holding of EIs in listed securities and the exchange shall ensure the compliance in this regard. Participating EIs will be required to pay full bid amount (100%) and bidding fee BDT 5,000.00 (five thousand only) through the Mutual Trust Bank Limited (A/C Name: Dhaka Stock Exchange Limited, A/C No.:00120320001838) in between 10:00 a.m. of October 12, 2020 to 2:00 p.m. of October 15, 2020 (during banking hour). Please visit the following website for bidding related updates: https://www.essbangladesh.com. (end)

2020-10-07: Cont1-Commencement of Bidding of Lub-rref (Bangladesh) Limited

CSENEWS(cont1): Each EI who intends to participate in the electronic bidding shall maintain a minimum investment of Tk. 1.00 crore only in listed securities as on the end of 4th October, 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 Lub-rref (Bangladesh) Limited Ref: BSEC/CI/BB-14/2018/189 dated September 03, 2020. (cont2)

2020-10-07: Commencement of Bidding of Lub-rref (Bangladesh) Limited

CSENEWS: The bidding period for Eligible Investors to determine the cut-off price of shares of Lub-rref (Bangladesh) Limited through Electronic Subscription System (ESS) of the Exchanges will commence from 5:00 p.m. on October 12, 2020 and will continue till 5:00 p.m. on October 15, 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 18, 2020 and continue till 10:30 a.m. on October 20, 2020. (cont1)

2020-10-07: 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)

2020-10-07: 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. (cont2)

2020-10-07: 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 (cont1)

2020-10-07: 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)

2020-10-07: 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)

2020-10-07: Cont-BSEC Directive on Maximum Margin Loan Limit

BSEC News(cont): DSEX Index Below - 4000 maximum margin loan limit 1: 0.75 Basis i.e., 75% of clients margin/deposit; DSEX Index 4001 to 7000 - maximum margin loan limit 1: 0.50 Basis i.e., 50% of clients margin/deposit; DSEX Index 7001 or above - maximum margin loan limit 1: 0.25 Basis i.e., 25% of clients margin/deposit. The Directive shall have effect from January 01, 2021.(end)

2020-10-07: BSEC Directive on Maximum Margin Loan Limit

BSEC News: BSEC has cancelled their earlier Directive No. BSEC/Surveillance/2020-975/128 dated 21 September, 2020 regarding Maximum Margin Loan Limit. Therefore, BSEC has issued new Directive No. BSEC/Surveillance/2020-975/132 dated 28 September, 2020 that the TREC holders of the stock exchanges will extend maximum limit of credit facilities to their approved clients in the following manner under the Margin Rules, 1999 until further order:(cont)

2020-10-07: 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).

2020-10-07: 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)

2020-10-07: 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)

2020-10-07: 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.

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