Dhaka, Bangladesh (BBN) – IFAD Autos Limited, the automobile dealers, dominated the week’s top turnover chart on the Dhaka Stock Exchange (DSE) for the second consecutive weeks that ended on Thursday.
A total of 13.09 million shares of IFAD Autos traded worth BDT 837.87 million changing hands last week. Daily average turnover was BDT 167.57 million.
Each share of the auto mobile dealer closed at BDT 63.1 on the DSE, registering a decline of 6.79 percent over the week, according to the DSE website.
IFAD Autos is the 29th listed company in the engineering sector that accounts for more than 4.0 per cent of the total market capitalisation on the premier bourse.
The automobile dealer, which made debut on bourses on February 5, floated 21.25 million ordinary shares of BDT 10 each at an offer price of BDT 30, including BDT 20 as premium and raised a fund worth BDT 637.50 million from the public.
The company’s net profit fell 46.22 per cent year-on-year to BDT 54.92 million in July-September period 2014, with BDT 0.48 in earnings per share (EPS) and NAV per share BDT 42.17, according to DSE website.
Of the total shares, sponsor/directors held by 62.77 percent, institutions 20.6 percent while rest of 16.63 percent held by public, according to DSE web site.
The automobile dealers’ main activity is importing, marketing and body building of different models of Ashok Leyland’s vehicles, the second largest commercial vehicles maker in India, for assembly in Bangladesh through its own marketing staffs, dealers and selling agents in different districts across Bangladesh.
After IFAD Autos, the other turnover leaders were – MJL BD BDT 505.70 million, GP BDT 479.88 million, Beximco BDT 442.70 million, Lafarge Surma Cement BDT
440.27 million, Aamra Technologies BDT 412.42 million, Square Pharma BDT 383.83 million, Beximco Pharma BDT 333.56 million, Agni Systems BDT 330.90 million and
ACI Limited worth BDT 304.86 million changed hands during the week.
BBN/SSR/AD-13Feb15-11:30 am (BST)
