The country’s stock market showed some upward trend last week after falling. The main stock market, Dhaka Stock Exchange (DSE), increased the share price of most of the companies participating in the transaction, along with all the price indices. However, some organizations have gone against the grain. Instead of increasing the price, the share price of these companies has decreased. Rupali Bank shares fell the most.
The price fell throughout the week as a section of investors were not interested in buying the company’s shares. In this, the company has occupied the top place of price reduction in DSE. Over the course of the week, the company’s share price collectively fell by over Tk 213 crore.
The company’s share price fell by 16.61 percent over the past week. In terms of rupees, the price of each share decreased by 4 rupees 60 paise. In this, the share price of the company has collectively decreased by 213 crore 76 lakh 7 thousand taka within a week. At the end of the last working day of the week, the share price of the company stood at 23 10 paise, which was 27 70 paise at the end of the last working day of the previous week.
The company, whose share price has fallen, last paid a 2 percent cash dividend to investors in the year ended Dec. 31, 2021. Since then, the company has not paid any dividend to investors in the last two years. Due to this recently the company has been taken to ‘Z’ group.
The company, which was listed in the stock market in 1986, has a paid-up capital of Tk 464 crore 69 lakh. And the number of shares is 46 crore 46 lakh 97 thousand 205. Out of this 90.19 percent shares are held by the government. Of the remaining shares, general investors hold 6.71 percent and institutional investors hold 3.10 percent.
After Rupali Bank, ADN Telecom was on the list of price cuts last week. During the week, the share price of this company decreased by 11.45 percent. Premier Bank is next by earning 9.09 percent.
Besides, in the list of top 10 companies that fell last week – Ifad Autos 8.81 percent, Prime Finance First Mutual Fund 8.35 percent, HR Textile 8.35 percent, Aftab Automobile 8.11 percent, Meghna Cement 8 percent, MBL First Mutual funds fell by 7.55 percent and Acme Pesticide by 7.54 percent.
MAS/MAH/JIM
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