Dhaka, Bangladesh (BBN)– Bangladesh Steel Re-rolling Mills (BSRM) dominated the week’s turnover chrat last week on the Dhaka Stock Exchnage (DSE) that ended on Thursday.
Some 5.88 million BSRM shares were traded last week, generating a turnover of BDT 875 million, which was 5.01 percent of the premier bourse’s total turnover.
Each share of the Chittagong-based steel producer closed at BDT 149.6, registering an increase of 1.38 per cent over the previous week.
The company last week informed that a meeting of the Board of Directors will be held on May 08, at 5:0pm to consider, among others, un-audited financial statements of the company for the first quarter (Q1) period ended on March 31, 2016.
Meanwhile, H. Akberali & Co, one of the corporate sponsors of the company, expressed its intention to sell 2.62 million shares on April 25 at prevailing market price through Stock Exchange within next 30 working days.
BSRM was listed on the Dhaka bourse in 2015. The engineering sector company belongs to the “A” category.
The sponsor-directors own 57.11 per cent stake in the BSRM, while institutional investors own 4.65 per cent, foreign investors 30.58 per cent and the general public 7.66 per cent as on March 30, 2016.
The company disbursed 5.0 per cent cash and 10 per cent stock dividend for the year ended on December 31, 2015.

The company has also reported net profit of BDT 827.67 million, basic earnings per share (EPS) of BDT 4.78 and diluted EPS of BDT 4.75, net asset value (NAV) per share of BDT 55.28 and net operating cash flow per share (NOCFPS) of BDT (10.16) for the year ended on December 31, 2015 as against BDT 109.09 million, BDT 0.70, BDT 0.68, BDT 54.10 and BDT (5.43) respectively for the year ended on December 31, 2014.
In 2014, the company distributed 10 per cent cash dividend.
The company’s paid-up capital is BDT 1,950.98 million and authorised capital is BDT 5,000 million, while total number of securities is 195,097,717, according to statistics from the DSE.
BSRM was followed by United Power Generation and Dsitribution Compnay with shares worth BDT 787 million changing hands, followed by MJL BD BDT 738 million, Linde BD BDT 600 million, Square Pharmaceuticals BDT 349 million, and Beximco Pharmaceuticals BDT 327 million.
Keya Cosmetics was also included in the top ten turnover chart with shares of BDT 312 million changing hands, followed by Doreen Power BDT 276 million, IBN Sina BDT 274 million and Olympic Industries BDT 253 million.

BBN/SSR/BB