Dhaka, Bangladesh (BBN)– MJL Bangladesh dominated the turnover chart on the Dhaka Stock Exchange (DSE) last week that ended on Wednesday.
According to statistics from the DSE, some 7.73 million MJL shares were traded, generating a turnover of BDT 862 million, which was 4.30 percent of the premier bourse’s total turnover.
The joint venture company’s share closed at BDT 113.40 a share, soaring 5.68 percent over the previous week.
The fuel and power sector company, which was listed on the Dhaka bourse in 2011, has recommended 30 percent cash and 10 percent stock dividend for the year ended on December 31, 2015.
The company has informed recently that in compliance of the aforesaid directive and for the first time adoption of the change in the financial year, the AGM will consider 18 months audited accounts, from January 01, 2015 to June 30, 2016.
So, cash dividend will be considered as interim dividend and 10 percent stock dividend will be issued subject to approval of the shareholders in the forthcoming AGM, said the company.
The company has disclosed its financial report for the January-March, 2016 period. As per the financial report (un-audited), EPS was BDT 1.51 for January-March, 2016 as against BDT 0.71 for January-March, 2015.
The sponsor-directors own 71.53 percent stake in the MJL BD, while the institutional investors own 14.21 percent, foreign 1.95 percent and the general public own 12.31 percent as on June 30, 2016, the DSE data showed.
The company’s paid-up capital is BDT 2,742.44 million and authorised capital is BDT 10,000 million, while the total number of securities is 274,244,180. The total market cap of the company stood at BDT 31,099.29 million as of Wednesday.
MJL BD was, closely followed by Shahjibazar Power Company, with shares worth BDT 759 million changing hands, followed by National Tubes BDT 678 million, Bangladesh Steel Re-rolling Mills BDT 529 million, Brac Bank BDT 402 million and Square Pharmaceuticals BDT 383 million.
Keya Cosmetics was also included in the top ten turnover chart with shares of BDT 373 million changing hands, followed by Aman Feed BDT 369 million, ACME Laboratories BDT 356 million and Olympic Industries BDT 351 million.