Factory of Square Pharmaceuticals Limited

Factory of Square Pharmaceuticals Limited

Dhaka, Bangladesh (BBN)– Square Pharmaceucals Limited dominated the Dhaka Stock Exchnage’s turnover chart last week while ten top-traded companies accounted for more than 23 percent of transactions.

Market insiders said fundamentally-sound issues like Square Pharmaceuticals continued attracted investors following its recent price correction, taking the company in top turnover list.

According to statistics available with the DSE, about 2.24 million shares of Square Pharma were traded, generating a turnover of BDT 701 million, which was 3.75 percent of the Dhaka bourse’s total transactions.

The total turnover on the DSE stood at BDT 18.68 billion, which was 25 percent lower than the previous week’s turnover of BDT 14.98 billion as last week saw five trdaing sessions instead of previous week’s four.

Square Pharma, the second largest market-cap company, saw its share price close at Tk 316.10, shedding 0.53 percent from that of the previous week.

The pharma sector company has posted 16.21 percent growth in consolidated earnings per share (EPS) in the October-December quarter (Q2) 2017 period. The EPS was BDT 3.87 for the October-December, 2017 against BDT 3.33 for the same period a year ago.

In six months for July-December, 2017, the consolidated EPS was BDT 7.85 against BDT 6.62 for the July-December period of 2016.

The company disbursed 35 percent cash and 7.50 percent stock dividend for the year ended on June 30, 2017.

The company’s paid-up capital is BDT 7.37 billion and authorised capital is BDT 10 billion, while the total number of securities is 737.39 million.
The sponsor-directors own 34.43 percent stake in the company, while institutional investors own 9.85 percent, foreign 20.21 percent and general public 35.51 percent as on January 31, 2018, the DSE data shows.

Apart from Square Pharma, the most other active shares in terms of value included IFAD Autos wuth shares worth BDT 628 million changing hands, followed by Unique Hotel & Resorts BDT 543 million, Olympic Industries BDT 462 million, Grameenphone BDT 365 million.

Beximco Pharmacuticals was also included in the week’s top turnover chart with shares worth BDT 356 million changing hands, followed by LankaBangla Finance with BDT 351 million, Al-Arafah Islami Bank BDT 335 million, Monno Ceramic Industries BDT 331 million and Pharma Aids BDT 307 million.