DSE trading building in Dhaka
Dhaka, Bangladesh (BBN)- Khulna Power Company Ltd (KPCL) dominated the Dhaka bourse’s turnover chart last week that ended on Thursday.
Market insiders said investors were active on Khulna Power’s shares almost throughout the week amid expectation of higher dividend declaration ahead.
The company has informed that a meeting of the board of directors will be held on October 30, 2018 at 6:00 pm to consider, among others, audited financial statements of the company for the year ended on June 30, 2018. The company will expect to declare dividend.
According to statistics available with the DSE, about 9.51 million shares of KPCL were traded, generating a turnover of BDT 1.13 billion, which was 5.52 percent of the week’s total turnover.
Top ten companies grabbed more than 29 percent transaction of the Dhaka Stock Exchange’s total turnover.
The total turnover on the DSE stood at BDT 20.47 billion last week which was BDT 25.51 billion on the previous week.
The power generation company’s share price closed at BDT 125.50 each on Thursday, the last trading day of the week, losing 2.56 percent over the week before.
Khulna Power, which was listed on the DSE in 2010, disbursed 55 percent cash dividend in 2017. In 2016, it paid 75 percent cash dividend.
The company’s earnings per share (EPS) stood at BDT 1.21 for January-March 2018 as against BDT 1.40 for January-March 2017.
In nine months for EPS was BDT 3.93 for July 2017-March 2018 as against BDT 3.91 for July 2016-March 2017.
Recently, Credit Rating Information and Services Ltd (CRISL) has rated the company as “AAA” in the long-term and “ST-1” in the short-term along with a stable outlook based on audited financial statements of the company up to June 30, 2017.
The company’s paid-up capital is BDT 3.61 billion, authorised capital is BDT 7.0 billion and the total number of securities is 361.28 million.
The sponsor-directors own 70.59 percent stake in the company while institutional investors own 10.70 percent, foreign investors 0.78 percent and the general public 17.93 percent as on August 31, 2018, the DSE data shows.
Summit Power followed next, with shares worth BDT 701 million changing hands, followed by Delta Life Insurance BDT 688 million, Dragon Sweater BDT 584 million, Beximco BDT 537 million, BBS Cables BDT 507 million and United Power BDT 493 million.
Shahjalal Islami Bank was also included in the top ten turnover chart with shares of BDT 484 million changing hands, followed by Square Pharmaceuticals BDT 451 million and Indo-Bangla Pharmaceuticals BDT 410 million.
BBN/SSR/SR