Dhaka, Bangladesh (BBN)– Bangladesh’s City Bank Limited dominated the transaction chart of Dhaka Stock Exchange (DSE) for the second week that ended on Thursday as investors were active on its shares almost throughout the week.
Analysts said the investors took position on its share amid dividend expectation as the board of directors of the bank on Thursday recommended 24 percent cash dividend for the year ended on December 31, 2016.
The City Bank, which was listed on the Dhaka bourse in 1986, also disbursed, disbursed 22 percent cash dividend for the year ended on December 31, 2015.
According to the statistics available with the DSE, about 47.44 million shares of City Bank were traded, generating a turnover of over BDT 1.93 billion last week.
It was 5.18 per cent of the week’s total turnover value while the daily average turnover for the bank was BDT 483 million on the premier bourse.
The share price of the bank closed at BDT 39 each on Thursday, the last trading session of the week, remaining unchanged over previous week.
The bank’s paid-up capital is BDT 8.75 billion and authorised capital is BDT 10 billion, while the total number of securities is 875.80 million.
The sponsor-directors own 30.91 percent stake in City Bank, while institutional investors own 18.87 percent, foreign investors 8.74 percent and the general public 41.48 percent as on January 31, 2017, the DSE data shows.
The City Bank was, followed by LankaBangla Finance with about 27.17 million shares of BDT 1.75 billion changing hands, followed by AB Bank BDT 1.08 billion, Beximco BDT 951 million, Beximco Pharma BDT 943 million, Ratanpur Steel BDT 783 billion and IDLC Finance BDT 648 million.
IFIC Bank was also included in the top ten turnover list with 20.30 million shares of BDT 638 million changing hands, followed by Islami Bank BDT 637 million and Investment Corporation of Bangladesh (ICB) BDT 622 million.