Dhaka, Bangladesh (BBN)- The heavyweight, GrameenPhone (GP) dominated the week’s top turnover chart on the Dhaka Stock Exchange (DSE) last week that ended on Thursday.
A total of 34.14 million shares worth BDT 1.29 billion changed hands during the week. Daily average turnover for the lone listed mobile company was BDT 259.25 million.
The week’s closing price of each GP share was BDT 374.5.
A market lot is 200 shares. Of the total shares – 90 percent held by sponsor-directors, 6.04 percent held by institutional investors while only 3.96 percent held by public, according to DSE website.
The company listed in the major bourse in 2009.
GP’s net profit slipped 6.87 percent year-on-year to around BDT 5.34 billion in the July-September period of 2014, according to the DSE.
The leading mobile operator saw around BDT 5.74 billion in net profit in the same period last year, buoyed by the sales proceeds of BDT 1.0 billion that it received through the sale of 51 percent stake of GP IT, a subsidiary, to the global software company, Accenture.
The operator’s revenue grew 6.10 percent to BDT 76.74 billion in the first nine months of 2014, as compared to the same period last year.
GP also reported a 48.64 percent growth in net profit to BDT 15.92 billion for the first nine months in the current year, against BDT 10.71 billion in the same period last year, mainly due to revenue growth and efficient operations, the company said.
It was followed by MJL BD BDT 923.70 million, Titas Gas BDT 870.73 million, Square Pharma BDT 859.25 million, KPCL BDT 858.30 million, SPPCL BDT 805.45 million, Summit Power BDT 629.96 million, KPPL BDT 602.38 million, CVO Petrochemicals Refinery BDT 569.83 million and Beximco Ltd BDT 566.77 million changing hands during the week.
BBN/SSR/AD-31Oct14-5:29 pm (BST)
