Stocks down at close
Reported by: UNBconnect
Reported on: May 13, 2012 06:27 pm
Reported in: Business
Dhaka, May 13 (UNB) – Despite showing a sign of hopes in the beginning, stocks at both the bourses - Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – entered the negative territory posting moderate losses on Sunday, the opening day of the week. The DSE benchmark index, DGEN that went below 5,000 points after 26 trading sessions on Wednesday, made a U-turn with a gain of 175.02 points on Thursday, closed at 5001.81 losing 74.81 points or 1.47 percent on Sunday.Of the issues traded at the DSE today, only issues gained, 210 suffered losses and 20 remained unchanged. The DSE turnover drooped to Tk 389 crore against Tk 421 crore and Tk 383 crore recorded respectively on Thursday and Wednesday. The turnover was Tk 378 crore on Tuesday and Tk 356 crore on Monday.Similarly, the CSE key index, CSCX, closed at 9429.72 losing 159.32 points. The port city bourse gained 319.76 points on Thursday though it lost 331.73 points on Wednesday.At the CSE, only 25 gained, 125 suffered losses and 4 remained unchanged at the end of the day’s trading. The CSE turnover came down to Tk 46.97 crore today against Tk 61.69 crore and Tk 49.20 crore recorded respectively on Thursday and Wednesday.Dividends Declared: Padma Oil Company, Shahjalal Islami Bank Limited and Export Import (EXIM) Bank of Bangladesh on Sunday declared dividends for the year that ended respectively on June 30 and December 31, 2011.The Board of Directors of Padma Oil recommended 50 percent cash dividend (Tk 5.00 per share of Tk 10.00 each) and 50 percent stock dividend for the year ended on June 30, 2011.The annual general meeting of the company will be held on June 28 at Main Installation, Guptakhal, Patenga, Chittagong while June 11 has been fixed as the record date, according to the Dhaka Stock Exchange (DSE) web post.The Board of Directors of Shahjalal Islami Bank Limited announced 25 percent stock dividend for the year that ended on December 31, 2011.The annual general meeting of the bank will be held on June 19 at the Hall of Fame, Bangabandhu International Conference Centre in the city.Meanwhile, the Board of Directors of EXIM Bank recommended only 14 percent stock dividends for the year that ended on December 31, 2011.The annual general meeting of the bank will be held at Bashundhara Convention Centre-2 on July 4.There was no price limit on the trading of the shares of the Companies today following their corporate declaration.On the other hand, Saifuzzaman Chowdhury and Anisuzzaman Chowdhury, Sponsors/Directors of the United Commercial Bank Limited, expressed their intention to buy 10,00,000 shares each in addition to their current holdings of 44,46,050 shares and 43,91,250 shares respectively at the prevailing market price through Stock Exchange within May 21, 2012 in compliance with SEC Notification dated November 22, 2011.
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