Dhaka, Bangladesh (BBN)-LankaBangla Finance witnessed the highest market participation for the second consecutive on the Dhaka Stock Exchange (DSE) that ended on Thursday.
According to statistics from the DSE, some 36.89 million shares of LankaBangla Finance worth BDT 1.48 billion changed hands, which was 6.61 per cent of the premier bourse’s week’s total turnover.
The average daily turnover for the company was BDT 296.61 million.
Each share of the company closed at BDT 39.2 on Thursday, the last trading session of the week, registering an increase of 4.53 per cent over the previous week.
Analysts said investors remained active on the company’s share as company’s declared dividend on February 23.
The Board of Directors of LankaBangla Finance has recommended 15 per cent cash dividend and 15 per cent stock dividend for the year ended on December 31, 2015 on Tuesday last.

However, the final approval will come during the annual general meeting scheduled to be held on March 30 at 10am at the MIDAS Centre in Dhaka.
The company has also reported consolidated net profit after tax of BDT 420.93 million, consolidated EPS of BDT 1.76, consolidated NAV per share of BDT 26.02 and consolidated net operating cash flow per share (NOCFPS) of BDT 12.33 for the year ended on December 31, 2015.
In 2014, the company disbursed 10 percent cash and 10 percent stock dividend.
LankaBangla Finance was listed on the Dhaka bourse in 2006. The financial institutions sector company belongs to the “A” category.
The company’s paid-up capital is BDT 2,406.4 million and authorised capital is BDT 3,000 million while total number of securities is 240,643,434, according to statistics from the DSE.
The sponsor-directors own 38.56 per cent stake in the LankaBangla Finance, while institutional investors own 28.22 percent, foreign investors 3.45 per cent and the general public 29.88 per cent.

LankaBangla Finance was followed by Orion Pharma with shares worth BDT 901 billion changing hands followed by Singer BD BDT 731 million, United Power Generation & Distribution Company BDT 673 million, IFAD Autos 625 million, Beximco Pharma BDT 572 million.
Bangladesh Steel Re-rolling Mills also was also included in the top ten turnover list with shares of BDT 567 million changing hands followed by CMC Kamal BDT 518 million and Quasem Drycells BDT 499 million and Square Pharma BDT 489 million.
BBN/SK/AD