Dhaka, Bangladesh (BBN)– AB Bank Limited dominated the transaction chart of Dhaka Stock Exchange (DSE) last week that ended on Thursday as the investors’ active on its share amid optimism.
According to statistics available with the DSE, some 38.25 million shares of AB Bank were traded, generating a turnover of over BDT 840 million last week. It was 2.11 percent of the premier bourse’s total weekly turnover value.
The daily average turnover for the bank was BDT 168 million.
Each share of bank, which was listed on the Dhaka bourse in 1983, closed at BDT 22.80 on Thursday, the last trading day of the week, soaring 17.53 percent over the previous week.
The bank’s (un-audited) third quarter earnings soared nearly 147 percent year-on-year in July-September, 2016 period. Consolidated earnings per share (EPS) from July-September, 2016 stood at BDT 0.37 as against BDT 0.15 for the same period a year ago.
In nine months from January-September, 2016, the bank’s consolidated EPS stood at BDT 1.84 as against BDT 1.40 for January-September, 2015.
Consolidated net operating cash flow per share (NOCFPS) was BDT 44.46 for January-September, 2016 as against BDT 7.70 for January-September, 2015. Consolidated net asset value (NAV) per share was BDT 35.99 as of September 30, 2016 and BDT 31.57 as of September 30, 2015.
The bank disbursed 12.50 percent stock dividend for the year ended on December 31, 2016.
The bank’s paid-up capital is BDT 6,738.94 million and authorised capital is BDT 15,000 million while the total number of securities is 673,893,614.
The bank’s total market cap stood at BDT 15,903.89 million as on Thursday.
The sponsor-directors own 36.58 percent stake in the AB Bank, while government owns 0.57 percent, institutional investors own 29.32 percent, foreigners 1.48 percent and the general public 32.05 percent as on October 31, 2016, the DSE data showed.
AB Bank was, closely followed by Beximco with 34.59 million worth BDT 837 million changing hands, followed by Doreen Power Generations and Systems BDT 687 million, Square Pharmaceuticals BDT 658 million, Bangladesh Building Systems BDT 609 million and Quasem Drycells BDT 600 million.
GrameenPhone, the largest market cap listed company in the Bangladesh’s stock market, was also included in the top ten turnover list, with shares worth BDT 563 million changing hands, followed by Dragon Sweater BDT 519 million, Bangladesh British American Tobacco Company BDT 516 million and Golden Harvest Agro Industries BDT 483 million.