Dhaka, Bangladesh (BBN) – City Bank Limited dominated the transaction chart of Dhaka Stock Exchange (DSE) last 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 a meeting of the board of directors of the bank will be held on March 30, 2017 to consider, among others, audited financial statements of the company for the year ended on December 31, 2016.
The City Bank, which was listed on the Dhaka bourse in 1986, also disbursed, disbursed 22 per cent cash dividend for the year ended on December 31, 2015.
According to the statistics available with the DSE, about 52 million shares of City Bank were traded, generating a turnover of over BDT 1.93 billion last week.
It was 3.39 per cent of the week’s total turnover value while the daily average turnover for the bank was BDT 386 million on the premier bourse.
The share price of the bank closed at BDT 39 each on Thursday, soaring 8.33 per cent 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 per cent stake in City Bank, while institutional investors own 18.87 per cent, foreign investors 8.74 per cent and the general public 41.48 per cent as on January 31, 2017, the DSE data shows.
The City Bank was, followed by AB Bank with about 69.10 million shares of BDT 1.80 billion changing hands, followed by Beximco BDT 1.69 billion, LankaBangla Finance BDT 1.64 billion, Ratanpur Steel BDT 1.55 billion and IFIC Bank BDT 1.37 billion.
National Bank was also included in the top ten turnover list with 84.52 million shares of BDT 1.37 billion changing hands, followed by Beximco Pharmaceuticals BDT 1.24 billion, Islami Bank BDT 1.23 billion and Bangladesh Building Systems BDT 1.0 billion.