Dhaka, Bangladesh (BBN) – Doreen Power Generations and Systems dominated the transaction chart of Dhaka Stock Exchange (DSE) last week that ended on Thursday.
According to statistics available with the DSE, some 18.44 million Doreen Power shares were traded, generating a turnover of nearly BDT 1.97 billion, which was 6.52 percent of the DSE’s total turnover.
The daily average turnover for the company was BDT 394 million.
Each share of the power generation company, which was listed in April this year, closed at BDT 123.70 on Thursday, jumping 52.90 percent over the previous week.
The board of directors of the company has recommended 10 percent cash dividend for all shareholders excluding the sponsors/directors and 20 percent stock dividend for all shareholders for the year ended on June 30, 2016.
The sponsors/directors hold 60 million shares and the cash dividend to be payable to the general shareholders is BDT 20 million.
The final approval will come during the annual general meeting (AGM) scheduled to be held on December 18 at 10:30am at Trust Milonayaton in Dhaka. The record date for entitlement of cash dividend is on November 13.
The company has also reported consolidated earning per share (EPS) of BDT 0.64, consolidated net asset value (NAV) per share (with revaluation) of BDT 34.34, consolidated NAV per share (without revaluation) of BDT 24.67 and consolidated net operating cash flow per share (NOCFPS) of BDT 1.13 for the year ended on 30.06.2016 as against BDT 2.25, BDT 36, BDT 22.30 and BDT 5.90 respectively for the year ended on 30.06. 2015.
The sponsor-directors own 75 percent stake in the Doreen Power, while institutional investors own 9.57 percent and the general public 15.43 per cent as of September 29.
The company’s paid-up capital is BDT 800 million and authorised capital is BDT 2,000 million while total number of securities is 80,000,000, according to DSE figures.
The company’s total market capitalisation stood at BDT 9,264 million as of Thursday.
Doreen Power was, followed by Fortune with shares worth Tk 875 million changing hands, followed by KDS Accessories BDT 856 million, MJL Bangladesh BDT BDT 767 billion, IT Consultants BDT 689 million, Square Pharmaceuticals BDT 538 million and Titas Gas BDT 512 million.
Mithun Knitting was also included in the top ten turnover chart with shares worth BDT 505 million changing hands, followed by Argon Denim BDT 493 million and Saif Powertec BDT 433 million.