Important Links







CSE NEWS Today

Posted By : Admin    October 13, 2020   

TODAY’S CSE news

2020-10-13: Board Meeting

BSCCL: Bangladesh Submarine Cable Company Limited has informed that the Board Meeting of the Company will be held on October 22, 2020 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2020.

2020-10-13: Today s Trade

CSE NEWS: Today s (13 October 2020) Total Trades: 7,613, Volume: 9,060,669 and Turnover: Tk. 221.62 million.

2020-10-13: Record Date tomorrow (14.10.2020)

PRIMELIFE: Trading of the shares of Prime Islami Life Insurance Ltd. will remain suspended on its record date i.e., 14.10.2020. Trading of the shares of the Company will resume on 15.10.2020.

2020-10-13: Buy Intention

PROVATIINS: Mr. Joarder Nowsher Ali, one of the Sponsors of Provati Insurance Company Limited, has reported his intention to buy 1,000 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange (DSE) within October 29, 2020.

2020-10-13: Board Meeting

ISLAMICFIN: Islamic Finance and Investment Limited has informed that the Board Meeting of the Company will be held on October 18, 2020 at 2:45 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2020.

2020-10-13: Credit Rating

IPDC: Emerging Credit Rating Limited (ECRL) has announced the surveillance rating of IPDC Finance Limited as AAA in the long term and ST-1 in the short term along with a stable outlook based on audited financial statements of the Company up to 31 December 2019 and other relevant quantitative as well as qualitative information up to the date of rating declaration.

2020-10-13: Board Meeting

PEOPLESINS: Peoples Insurance Company Limited has informed that the Board Meeting of the Company will be held on October 18, 2020 at 2:35 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2020.

2020-10-13: Dividend Disbursement

PEOPLESINS: Peoples Insurance Company Limited has informed that the cash dividend warrants for the year 2019 will be distributed from the Head Office of the Company, Peoples Insurance Bhaban (14th Floor), 36, Dilkusha C/A, Dhaka from October 14, 2020 to October 20, 2020 within office hour between 10:00 AM. to 5:30 PM. Any dividend warrant remaining uncollected within the above date will be sent through Courier Service to the registered address of the Shareholders.

2020-10-13: Board Meeting

ZAHINTEX: Zahintex Industries Ltd. has informed that the Board Meeting of the Company will be held on October 27, 2020 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2020.

2020-10-13: Buy Intention

NCCBANK: Alhaj Md. Nurun Newaz, one of the Sponsor Directors of NCC Bank Limited, has reported his intention to buy 30,00,000 shares of the Company at prevailing market price (in the Block Market) through Stock Exchange (DSE) within October 29, 2020.

2020-10-13: Dividend Disbursement

LANKABAFIN: LankaBangla Finance Limited has informed that it has credited the Bonus shares for the year ended on December 31, 2019 to the respective shareholders BO Accounts and it has also disbursed the cash dividend to the respective shareholders.

2020-10-13: Buy Intention

MTB: Mr. Alhaj Syed Abul Hossain, one of the Sponsors of Mutual Trust Bank Ltd., has reported his intention to buy 3,00,000 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange (DSE) within October 29, 2020.

2020-10-13: Board Meeting

KBPPWBIL: Khan Brothers PP Woven Bag Industries Ltd. has informed that Board Meeting of the Company will be held on October 28, 2020 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2020.

2020-10-13: Cash Dividend declared by the Subsidiary Company of UEL

UPGDCL: United Power Generation & Distribution Company Ltd. has informed that the Board of Directors of United Ashuganj Energy Ltd. (UAEL), which is a 92.41% owned subsidiary of United Energy Ltd. (UEL), which is a subsidiary of UPGDCL declared cash dividend of Tk. 4.00 (40%) per share of Tk. 10.00 each involving Tk. 160,17,95,604.00 for the year 2019-20, based on the Audited Financial Statements.

2020-10-13: Cont-Information on Conversion of Perpetual Bond

JAMUNABANK: (Cont) If the Trigger-Point or Trigger-Date is reached, the shortfall amount to maintain the minimum required Consolidated CET-1 Capital of 4.50% will then be subject to Conversion to Common Equity . In line with Bangladesh Bank s approval the Board of Directors of the Bank has recommended issuing Jamuna Bank Limited Perpetual Bonds of BDT 4,000.00 million with Conversion feature in the event of a Trigger-point to raise Additional Tier-1 Capital subject to approval of the honorable Shareholders of the Bank in the EGM to be held through virtual platform. Date of EGM: 09.12.2020, Time: 5:00 PM, Venue: Digital Platform. Record date for EGM: 08.11.2020.(end)

2020-10-13: Information on Conversion of Perpetual Bond

JAMUNABANK: Refer to their earlier news disseminated on 24.06.2020 regarding Bangladesh Securities and Exchange Commission (BSEC) approval to issue Unsecured, Non-Convertible, Floating Rate Perpetual Bonds of BDT 4,000.00 million, Jamuna Bank Limited has further informed all concerned that Bangladesh Bank also issued NOC in this regard with conversion features of If the bank s consolidated CET-1 ratio falls below Bangladesh Bank requirement of 4.50% and stays below the level of three successive quarters, then, the 3rd quarter-end date of consecutive below- minimum CET-1 Ratio would be considered as the Trigger-Point or Trigger-Date.(Cont)

2020-10-13: Board Meeting

MEGHNALIFE: Meghna Life Insurance Co. Ltd. has informed that the Board Meeting of the Company will be held on October 18, 2020 at 4:00 PM to consider, among others, un-audited financial statements of the Company for Third Quarter (Q3) period ended on September 30, 2020.

2020-10-13: CB Free

ENVOYTEX: Please note that there will be no price limit today 13.10.2020 on the trading of the shares of the Company following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the floor price shall be applicable accordingly.

2020-10-13: Recommendation of Dividend

ENVOYTEX: The Board of Directors has recommended 5% Cash dividend for the year ended on June 30, 2020. Date of AGM: 28.12.2020. Time of AGM: 11:00 AM, Venue: Digital Platform, link: https://envoytex.bdvirtualagm.com. Record Date: 15.11.2020. The Company has also reported EPS of Tk. 1.63, NAV per share of Tk. 40.57 and NOCFPS of Tk. 1.56 for the year ended on June 30, 2020 as against Tk. 3.31, Tk. 38.35 and Tk. 2.58 respectively for the same period of the previous year.

2020-10-13: 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)

2020-10-13: 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)

2020-10-13: 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)

2020-10-13: Transmission of Deceased Sponsor s shares to his nominee

MIDASFIN: MIDAS Financing Ltd. has informed that Mr. Shaikh A Halim, one of the Sponsors of the Company passed away on 12.10.2018. His present holding of 2,10,641 shares will be transmitted in the account of his wife namely Mrs. Syeda Akhter Jahan by way of nomination.

2020-10-13: Transfer of shares outside the Trading System of the Exchange

MERCANBANK: Dhaka Stock Exchange Limited (DSE) has accorded its consent as per Court Order to transfer 16,83,570 shares of Mercantile Bank Ltd. from Late Abdul Jalil, one of the Sponsors of Mercantile Bank Ltd. (the transferor/pledgor) to First Finance Ltd. (the transferee/pledgee) outside the trading system of the exchange within October 29, 2020 from the date of issuance of approval letter by DSE, under Regulation-47 of the Dhaka Stock Exchange (Listing) Regulations, 2015.

2020-10-13: Credit Rating

GENEXIL: Alpha Credit Rating Limited (AlphaRating) has rated Genex Infosys Limited as A+ in the long term and ST-2 in the short term along with a stable outlook based on audited financial statements of the Company as on June 30, 2019 and relevant qualitative information till October 11, 2020.

2020-10-13: Cont-Decision to Import PET Sheet Line & PET Tray Making Machineries

OLYMPIC: (Cont) Touch screen etc. for US $ 4,33,070.00 equivalent around Tk. 3,68,11,000.00. Capacity: 480-500 Kgs of final PET Sheet of 0.33 thickness per hour. b) Fully automatic 3 station Thermoforming machine complete with Mould, Electric lifter, Clamping cylinder, Main Servo motor with drive sheet feeding, forming and cutting, Stacking, Vacuum unit for forming etc. for US $ 1,46,530.00 equivalent around Tk. 1,24,55,000.00. Forming speed: 18 cycles/minute equivalent to 200 tons per month.(end)

2020-10-13: Decision to Import PET Sheet Line & PET Tray Making Machineries

OLYMPIC: Olympic Industries Ltd. has informed that the Board of Directors has decided to import the following brand new complete set of machineries, equipments and spares from China for total US $ 5,79,600.00 equivalent around Tk. 4,92,66,000.00 for installation as its Biscuits and Confectionary factory at Lolati in Kanchpur under Sonargaon Upazilla in Narayangonj district for making PET Sheet and PET Tray for packing of Biscuits and Confectionary items produced by the company as follows: a) PET Co-Extrusion Sheet Extrusion Line complete with Extruder, Preheating system, Crusher machine, Set of Barrel with screw, Barrel heater, Root pump, Water pump for heat exchanger, Master Batch, Dousing unit, Glass heater, Encoder motor, Inverter,(Cont)

2020-10-13: Conference on 3rd quarter financial result

GP: Grameenphone Ltd. has informed that they will organize a conference on its 3rd quarter 2020 Financial results on October 19, 2020 at 10:00 AM via live webcast facility with the web link of http://bitly.com/GP-Q3-2020. Research analysts or financial reporters can participate in the event by visiting the above link. To participate in question & answer session, prior registration is required by filling up the contact form in https://www.grameenphone.com/contact-us?form_type=2940 with participant details.

2020-10-13: Board Meeting

GP: Grameenphone Ltd. has informed that the Board Meeting of the Company will be held on October 18, 2020 at 2:35 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2020.

2020-10-13: Board Meeting

FEDERALINS: Federal Insurance Company Ltd. has informed that the Board Meeting of the Company will be held on October 17, 2020 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2020.

2020-10-13: Board Meeting

POPULARLIF: Popular Life Insurance Company Limited has informed that the Board Meeting of the Company will be held on October 19, 2020 at 4:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2020.

2020-10-13: Board Meeting

BDTHAI: Bangladesh Thai Aluminium Limited has informed that the Board Meeting of the Company will be held on October 18, 2020 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2020.

2020-10-13: Board Meeting

PTL: Paramount Textile Ltd. has informed that the Board Meeting of the Company will be held on October 28, 2020 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2020.

2020-10-13: Board Meeting

BGIC: Bangladesh General Insurance Company Ltd. has informed that the Board Meeting of the Company will be held on October 18, 2020 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2020.

2020-10-13: Board Meeting

SQUARETEXT: Square Textiles Ltd. has informed that the Board Meeting of the Company will be held on October 22, 2020 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2020.

2020-10-13: Board Meeting

SQURPHARMA: Square Pharmaceuticals Ltd. has informed that the Board Meeting of the Company will be held on October 22, 2020 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2020.

2020-10-13: Extension of suspension of Trading of Shares

PLFSL: Referring to the earlier news disseminated on 27.09.2020 regarding suspension of Trading of Shares of People s Leasing & Financial Services Ltd., the suspension period of trading of shares of the Company has been extended for further period of 15 days effective from October 13, 2020 as per Section 9(8) of the Securities and Exchange Ordinance, 1969 and Regulation 50 (3) of the Chittagong Stock Exchange (Listing) Regulations, 2015.

2020-10-13: Spot Trade Continuing Today (13.10.2020)

SPOT TRADE: Please find SPOT Trade is continuing today on the trading of the shares of PRIMELIFE.

2020-10-13: Cont2- Commencement of ES of Dominage Steel Building Systems Limited

CSENEWS(cont2): The Central Depository Bangladesh Limited (CDBL) shall send a report to the exchange regarding the holding of EIs in the listed securities and the exchange shall ensure the compliance in this regard. Participating EIs will be required to pay full subscription amount (100%) and subscription fee Tk. 3,000.00 (three thousand only) through Social Islami Bank Limited (A/C Name: Dhaka Stock Exchange Limited, A/C No.: 0021360003343) in between 10:00 a.m. of October 19, 2020 to 2:00 p.m. of October 25, 2020 (during banking hour). Please visit the following website for subscription related updates: https://www.essbangladesh.com. (end)

2020-10-13: Cont1- Commencement of ES of Dominage Steel Building Systems Limited

CSENEWS(cont1): Each Eligible Investor (EI) who intends to submit application through the Electronic Subscription System (ESS) of the exchange(s) shall maintain a minimum investment of Tk. 1,00,00,000/- (one crore only) at market price in listed securities as on October 11, 2020 (day-end) as per Rule 2(1)(e) of the Bangladesh Securities and Exchange Commission (Public Issue) Rules, 2015; which is in accordance with the BSEC consent letter to Dominage Steel Building Systems Limited Ref: BSEC/CI/IPO-296/2019/204 dated September 17, 2020. (cont2)

2020-10-13: Commencement of ES of Dominage Steel Building Systems Limited

CSENEWS: Commencement of electronic subscription of Dominage Steel Building Systems Limited through electronic subscription system under fixed price method: The subscription for shares of Dominage Steel Building Systems Limited by the eligible investors through electronic subscription system under fixed price method of the stock exchanges will be started from 10:00 a.m. of October 19, 2020 and continued till 5:30 p.m. of October 25, 2020 (round the clock). (cont1)

2020-10-13: 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)

2020-10-13: 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)

2020-10-13: 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)

2020-10-13: 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)

2020-10-13: 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).

2020-10-13: 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)

2020-10-13: 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)

2020-10-13: 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.

Share on your Social Media