Dhaka, Bangladesh (BBN)-Alltex Industries, a textile sector company, dominated the turnover on the Dhaka Stock Exchange (DSE) last week that ended on Thursday.
According to statistics from the DSE, some 22.93 million shares of Alltex Industries worth BDT 702 million changed hands during the week.
The daily average turnover was BDT 140.34 million.
The company’s share closed at BDT 32.1 on Thursday, the last trading day of the week, registering an increase of 13.43 per cent over the previous week.
Market insiders said Alltex Industries dominated the turnover chart on the premier bourse as investors were active both fence of its share throughout the week anticipating healthy earnings in its upcoming financial disclosure.
The board of directors of the company recently approved a draft scheme of amalgamation of Alltex Industries and Alltex Fabrics subject to approval from all legal and regulatory authorities.
The board also approved the draft petition of Alltex Industries and Alltex Fabrics for submission to the High Court Division of the Supreme Court of Bangladesh for amalgamation of these companies under section 228 read with section 229 of the Companies Act, 1994.
Alltex Industries was listed on the Dhaka bourse in 1996. The textile maker belongs to the ‘A’ category.
The sponsor-directors own 37.5 per cent stake in Alltex Industries, while institutional investors own 9.37 per cent and the general public 53.13 per cent, according to statistics from the DSE.
The company’s paid-up capital is BDT 559.7 million and authorised capital is BDT 1,000 million, while the number of securities totals 55,968,000.
The company’s total market cap stood at BDT 1,757.39 million as of Thursday.
The company disbursed 4.0 per cent cash dividend for general shareholders (excluding sponsor/director) and 6.0 percent stock dividend for the year ended on June 30, 2015.
The company has also reported earnings per share (EPS) of BDT 1.22, net asset value (NAV) per share (without revaluation) of BDT 11.36, NAV per share (with revaluation) of BDT 29.15 and net operating cash flow per share (NOCFPS) of BDT 0.42 for the year ended on June 30, 2015.
Alltex Industries was followed by Emerald Oil with shares worth BDT 667 million changing hands followed by IT Consultants BDT 556 million, Saif Powertec BDT 511 million, Al-Arafa Islami Bank BDT 486 million and United Power BDT 456 million.
IFAD Autos was also included in the top ten turnover chart with shares of BDT 455 million changing hands followed by Square Pharma BDT 409 million, BD Thai Aluminum BDT 388 million and Dacca Dyeing BDT 376 million.