Dhaka, Bangladesh (BBN) – IFAD Autos, an auto mobile dealer in Bangladesh, dominated the turnover chart of the Dhaka Stock Exchange (DSE) last week that ended on Thursday as investors were active on its shares.
According to the statistics available in the DSE, some 17.31 million shares of IFAD Autos were traded, generating a turnover of BDT 1.55 billion.
It was 3.57 percent of the premier bourse’s total turnover value.
The daily average turnover for the company was BDT 311 million.
The engineering sector company’s share price closed at BDT 93.40 on Thursday, the last trading session of the week, soaring 10.24 percent over the week before.
The company’s first quarter earnings per share (EPS) stood at BDT 1.03 for July-September, 2016 as against BDT 1.30 for July-September, 2015.
The board of directors of the company, which was listed on the Dhaka bourse in 2015, has recommended 13 percent cash dividend to shareholders excluding the sponsors/directors and 4.0 percent stock dividend for all shareholders for the year ended on June 30, 2016.
However, the final approval will come during the annual general meeting (AGM) scheduled to be held on December 20.
The engineering sector company disbursed 7.0 percent cash and 30 percent stock dividend a year ago.
The company’s paid-up capital is BDT 1,495 million and authorised capital is BDT 2,000 million while the total number of securities is 149,500,000.
The sponsor-directors own 62.77 percent stake in IFAD Autos, while institutional investors own 17.62 percent and the general public 19.61 percent as on October 31, 2016, the DSE data showed.
IFAD Autos was, closely followed by Bangladesh Building Systems with about 29.50 million shares of BDT 1.28 billion changing hands, followed by Shasha Denims BDT 1.14 billion, Ratanpur Steel Re-rolling Mills BDT 967 million, Argon Denims BDT 870 million and Olympic Accessories BDT 803 million.
Olympic Industries was also included in the top ten turnover list with shares worth BDT 756 million changing hands, followed by Quasem Drycells BDT 729 million, Fortune Shoes BDT 666 million and Beximco BDT 617 million.