These companies along with seven others-15 in total-are now under the scanners of Dhaka Stock Exchange (DSE) for failing to declare dividends for the last five years.
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Majority of the mutual funds (MFs) declared lower dividends for their unit holders for the fiscal year 2017-18 due to the bearish trend in the secondary market.
Brokers said a section of investors preferred to take some profits ahead of Eid-ul-Azha holidays.
“The performance of the following listed securities will be reviewed by DSE in line with regulation 51(1) (a) of the Dhaka Stock Exchange (Listing) Regulations, 2015,” said a statement posted the DSE website on Wednesday.
The performance of the companies will be reviewed in line with the listing regulations, said the DSE in a statement yesterday.
The initial public offering (IPO) lottery draw of ML Dyeing Ltd will be held on Thursday (August 9), officials said.
The Trustee Committee of Grameen Mutual Fund One: Scheme Two has decided to distribute 12 per cent cash dividend for the year ended on June 30, 2018.
Its share price trading between Tk 60 and Tk 81 during the first 40 minutes of trading and reach at Tk 74.90 at 11:00am.
Analysts said overseas investment in the DSE turned negative further as foreign fund managers reluctant to put fresh stakes amid fears over political uncertainty ahead of the national election by the year-end.
The Bangladesh Securities and Exchange Commission (BSEC) approved the CSE’s proposal to inspect the companies on Tuesday.
Bangladesh Shipping Corporation (BSC) has received the first of the six new vessels from China and added to the fleet of the state-owned operator.
The slump caused the banking sector to concede its pole position to telecom. As of yesterday, telecom's market capitalisation stands at Tk 54,090 crore and the banking sector's Tk 53,050 crore.
Stocks witnessed mixed trend in early hour of trading Sunday as investors remained active both sides of trading fence amid ongoing earnings declaration.
The board of directors of Pragati Life Insurance Limited has recommended 15 per cent cash and 10 per cent stock dividend for the year ended on 31 December 2017.
Five banks and British American Tobacco Bangladesh Company Limited (BATBC) have reported increased earnings per share (EPS) for April-June quarter of this year compared to same period of the previous year.
The company will raise a capital worth Tk 300 million by offloading 30 million ordinary shares at an offer price of Tk 10 each under the fixed price method.
The ratio, 17.52 per cent, in 2008-09 was more than the present level -- 16.94 per cent. It reached a record level in FY 2009-10 before collapsing.
The shariah based index DSES declined by 0.16 per cent or 2.03 points to close at 1266.66 points.
The securities regulator has asked Zaheen Spinning, a listed company, to submit revised proposal of issuing rights shares.