Fundamental shares, HC’s AIMS verdict pull DSE

Dhaka stocks gained on Tuesday riding on shares with ‘sound fundamentals’ as the Securities and Exchange Commission clamped down further on junk and non-fundamental shares.
   ‘Buying pressure of shares with sound fundamentals like banking, non-banking financial and insurance issues, pulled the market on the day as the commission tightened its move on non-fundamental shares,’ said a stock broker.
   Besides, a huge jump in prices of mutual funds fuelled by the High Court verdict that declared illegal a SEC decision on not allowing AIMS first mutual fund to issue stock dividend and rights offers also helped the DSE rise for the 10th consecutive days, he said.
   The benchmark general index of the Dhaka Stock Exchange advanced by 64.80 points, or 0.90 per cent, to close at 7,327.31 points.
   The turnover stood at Tk 2,197.29 crore, down by Tk 339.25 crore from the previous trading day.
   Of the total 253 issues traded on the day, 97 advanced, 141 declined and five remained unchanged.
   Market operators said that the SEC decision taken on Monday for sending securities which had been in Z category for the last two years to over-the-counter market, a platform for junk share trading, encouraged investors to go for shares with good fundamentals like earning per share and net asset value.
   The commission on Tuesday ordered sending of four junk issues to the OTC market with effect from October 20.
   Prices of shares of the four companies fell heavily.
   Mohammed Nasir Uddin Chowdhury, senior vice-president of DSE, said that the market was positive on Tuesday as investors bought fundamental shares.
   ‘Prices of most of the issues, however, declined on the day. It’s a price correction for current market situation as the investors bought banking and insurance shares and offloaded non-fundamental issues,’ he added.
   Capital market analyst, Salahuddin Ahmed Khan, said investors went for good shares as they wanted security.
   ‘The volatile market needs more fundamental shares, so the SEC and asset management companied should work properly to increase supply of such shares on the market,’ he added.
   Peoples Leasing and Financial Services topped the turnover leaders with 45.33 lakh shares valued Tk 102.50 crore traded on the day.
   The other turnover leaders were The Premier Bank, Jamuna Bank, BSRM Steels, Square Pharmaceuticals, Prime Finance and Investment, Beximco, BATBC, EXIM Bank and Golden Son.
   Aims First Mutual Fund was the day’s biggest gainer posting a rise of 19.97 per cent while Monno Fabrics was the leading losers of the day.

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HC declares illegal SEC bar on AIMS’ bonus, rights

The High Court on Tuesday declared illegal the Securities and Exchange Commission’s decision not to approve the bonus and rights offers of the AIMS 1st Mutual Fund.
   The court also asked the SEC to approve the mutual fund’s proposal for declaring rights and bonus offers for investors within 10 days after receiving application from the fund’s trustees.
   The bench of Justice Mamnoon Rahman and Sayeda Afsar Jahan pronounced the verdict after the final hearing of the writ petition filed on March 25 by Md Abdul Hossain, a small investor in the capital market, challenging the SEC’s decision that rejected the AIMS 1st Mutual Fund’s proposal for declaring the rights and bonus as dividend.
   The SEC on March 7 rejected a proposal for 70 per cent stock dividends and 130 per cent rights issue for the years of 2007 and 2008 declared by the trustee body of the AIMS 1st Mutual Fund on February 23.
   The SEC, after the decision of the trustee board was announced, halted trading of the mutual fund on February 25. The trading of the AIMS was, however, resumed on July 4.
   Yawer Sayeed, top official of the asset management firm, AIMS of Bangladesh, told New Age that High Court’s verdict would benefit the investors. ‘We will follow the court’s decision,’ he said.
   After Abul Hossain filed the writ petition on March 25, the HC on the same day issued a rule on the SEC to show cause as to why its directive, declining to grant approval for distributing stock dividend and rights issue, should not be declared to have been taken without lawful authority. The court also stayed the operation of the SEC’s directive for three months.
   Officials of the Dhaka Stock Exchange said that the SEC first approved AIMS’ rights offer in 2005 although there was no precedent of issuing rights and stock bonuses by any close-end mutual fund in the world.
   But when AIMS declared stock dividend for 2007, the SEC rejected the application and amended the regulations for mutual funds, barring close-end mutual funds from issuing stock dividends and rights offers.
   After three investors filed a writ petition challenging the amendment, the HC gave a verdict that the mutual funds which were listed before June 2008 could issue stock dividends and rights offers by taking the SEC’s approval.
   All the mutual funds, except AIMS, however, declared cash dividends.

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alarafah bank

As per audited accounts as on 31.12.08, the Bank has reported profit after tax of Tk. 668.24 m. with EPS of Tk. 48.29 as against Tk. 347.31 m. and Tk. 25.10 (restated) respectively as on 31.12.07

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BSC

As per un-audited half yearly accounts as on 31.12.08, the Company has reported net profit of Tk. 167.74 m. with EPS of Tk. 5.84 as against last year's half yearly of Tk. 132.10 m. and Tk. 4.60 respectively. Accumulated loss of the Company was Tk. (797.58) m. as on 31.12.08.

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MONAFOOD

As per un-audited half yearly accounts as on 31.12.08, the Company has reported net loss of Tk. (2.04) m. with EPS of Tk. (3.18) as against last year's half yearly of Tk. (2.30) m. and Tk. (3.59) respectively. Accumulated loss of the Company was Tk. (53.89) m. as on 31.12.08.

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earning status

ICBISLAMIC

On the close of operation on January 29, 2009, the Fund has reported Net Asset Value ( NAV ) of Tk. 192.39 per unit on the basis of current market price and Tk. 158.13 on the basis of cost price against face value of Tk. 100.00 whereas total Net Assets of the Fund stood at Tk. 19,23,85,506.98 on the basis of market price and Tk. 15,81,28,172.04 on the basis of cost price after considering all assets and liabilities of the Fund.

ICB1STNRB

On the close of operation on January 29, 2009, the Fund has reported Net Asset Value ( NAV ) of Tk. 189.23 per unit on the basis of current market price and Tk. 169.99 on the basis of cost price against face value of Tk. 100.00 whereas total Net Assets of the Fund stood at Tk. 18,92,34,804.61 on the basis of market price and Tk. 16,99,89,617.18 on the basis of cost price after considering all assets and liabilities of the Fund.

ICB2NDNRB

On the close of operation on January 29, 2009, the Fund has reported Net Asset Value ( NAV ) of Tk. 102.16 per unit on the basis of current market price and Tk. 107.26 on the basis of cost price against face value of Tk. 100.00 whereas total Net Assets of the Fund stood at Tk. 102,15,67,862.00 on the basis of market price and Tk. 107,25,68,145.01 on the basis of cost price after considering all assets and liabilities of the Fund.

ICBAMCL1ST

On the close of operation on January 29, 2009, the Fund has reported Net Asset Value ( NAV ) of Tk. 267.67 per unit on the basis of current market price and Tk. 206.74 on the basis of cost price against face value of Tk. 100.00 whereas total Net Assets of the Fund stood at Tk. 26,76,65,771.50 on the basis of market price and Tk. 20,67,40,065.62 on the basis of cost price after considering all assets and liabilities of the Fund.

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un-audited half yearly

SONALIPAPR

As per un-audited half yearly accounts as on 31.12.08, the Company has reported net profit of Tk. 0.92 m. with EPS of Tk. 0.10 as against last year's half yearly net loss of Tk. (3.57) m. and EPS of Tk. (0.39). Accumulated loss of the Company was Tk. (114.27) m as on 31.12.08.


AL-HAJTEX

As per un-audited half yearly accounts as on 31.12.08, net loss of the Company was Tk. (7.56) m. with diluted EPS of Tk. (1.08) as against last year's half yearly net profit of Tk. 6.88 m. and EPS of Tk. 0.98 (restated). Accumulated loss of the Company was Tk. (6.96) m. as on 31.12.08.

NPOLYMAR

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 10.02 m. with EPS of Tk. 37.37 as against last year's half yearly of Tk. 6.05 m. and Tk. 22.57 respectively.

APEXWEAV

As per un-audited half yearly accounts as on 31.12.08, the Company has reported net loss of Tk. (47.22) m. with EPS of Tk. (12.15) as against last year's half yearly profit after tax of Tk. 9.22 m. and EPS of Tk. 2.37 (restated). Accumulated loss of the Company was Tk. (42.58) m. as on 31.12.08.

FUWANGCER

As per un-audited half yearly accounts as on 31.12.08, the Company has reported net loss of Tk. (1.09) m. with EPS of Tk. (0.36) as against last year's half yearly profit after tax of Tk. 8.67 m. and EPS of Tk. 2.89.

MIRACLEIND

As per un-audited half yearly accounts as on 31.12.08, the Company has reported net loss of Tk. (27.14) m. with EPS of Tk. (1.37) as against last year's half yearly net profit of Tk. 12.12 m. and EPS of Tk. 0.61.

DAFODILCOM

As per un-audited half yearly accounts as on 31.12.08, profit after tax of the company was Tk. 9.80 m. with diluted EPS of Tk. 0.48 as against last year's half yearly of Tk. 7.21 m. and Tk. 0.35 (restated) respectively.

QSMDRYCELL

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 20.03 m. with EPS of Tk. 1.04 as against last year's half yearly of Tk. 10.66 m. and Tk. 0.56 respectively.


AGNISYSL

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 14.57 m. with EPS of Tk. 0.80 as against last year's half yearly of Tk. 9.88 m. and Tk. 0.54 (restated) respectively.

PRIMETEX

As per un-audited half yearly accounts as on 31.12.08, the Company has reported net profit of Tk. 20.53 m. with EPS of Tk. 5.37 as against last year's half yearly of Tk. 24.96 m. and Tk. 6.54 respectively.

DSHGARME

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 0.18 m. with EPS of Tk. 0.54 as against last year's half yearly of Tk. 0.29 m. and Tk. 0.85 respectively.


LIBRAINFU

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 2.91 m. with EPS of Tk. 23.22 as against last year's half yearly of Tk. 3.43 m. and Tk. 27.39 respectively.

USMANIAGL

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 26.88 m. with EPS of Tk. 47.26 as against last year's half yearly of Tk. 23.65 m. and Tk. 41.58 respectively.


SAIHAMTEX


As per un-audited half yearly accounts as on 31.12.08, the Company has reported net profit of Tk. 3.56 m. with EPS of Tk. 2.85 as against last year's half yearly of Tk. 5.29 m. and Tk. 4.23 respectively.

GRAMEEN1

As per un-audited half yearly accounts as on 31.12.08, the Fund has reported net profit of Tk. 12.83 m. with earning per unit of Tk. 0.75 as against last year's half yearly of Tk. 7.13 m. and Tk. 0.42 respectively as on 31.12.07. The Fund has also informed that figures of December 2007 has been readjusted.


GRAMEENS2

As per un-audited half yearly accounts as on 31.12.08, the Fund has reported net profit of Tk. 80.70 m. with earning per unit of Tk. 0.65.

AIMS1STMF

As per un-audited half yearly accounts as on 31.12.08, the Fund has reported net profit of Tk. 18.39 m. with earning per unit of Tk. 0.11 as against last year's half yearly of Tk. 7.87 m. and Tk. 0.05 respectively as on 31.12.07. The Fund has also informed that figures of December 2007 has been readjusted.

NTLTUBES

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 13.84 m. with diluted EPS of Tk. 10.14 as against last year's half yearly of Tk. 17.44 m. and Tk. 12.78 (restated) respectively.

MIDASFIN

As per un-audited half yearly accounts as on 31.12.08, the Company has reported net profit of Tk. 26.71 m. with EPS of Tk. 7.59 as against last year's half yearly of Tk. 30.65 m. and Tk. 8.70 (restated) respectively.

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HRTEX

The Board of Directors has recommended cash dividend @ 8.50% for the year ended September 30, 2008. Date of AGM : 23.03.09, Time: 10:30 AM, Venue: Trust Milonayaton, 545, Old Airport Road, Dhaka Cantonment, Dhaka-1206. Book Closure: 20.02.09 to 23.03.09.

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JAMUNAOIL

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 225.88 m. with EPS of Tk. 5.02 as against last year's half yearly of Tk. 103.99 m. and Tk. 2.31 respectively.

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MONNOCERA

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 1.05 m. with EPS of Tk. 0.78 as against last year's half yearly of Tk. 3.60 m. and Tk. 2.67 respectively.

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STANCERAM

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 0.35 m. with EPS of Tk. 0.60 as against last year's half yearly of Tk. 0.63 m. and Tk. 1.08 respectively..

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RAHIMTEXT

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 4.23 m. with EPS of Tk. 23.25 as against last year's half yearly of Tk. 4.11 m. and Tk. 22.56 respectively.

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DESCO

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 582.54 m. with EPS of Tk. 45.83 as against last year's half yearly of Tk. 493.67 m. and Tk. 38.84 respectively.

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AMCL(PRAN)

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit before tax of Tk. 21.32 m. as against last year's half yearly of Tk. 19.14 m.

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JUTESPINN

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 1.84 m. with EPS of Tk. 10.80 as against last year's half yearly profit before tax of Tk. 5.06 m. Accumulated loss of the Company was Tk. (7.93) m. as on 31.12.08.

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POWERGRID

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 950.33 m. with EPS of Tk. 26.08 as against last year's half yearly of Tk. 720.52 m. and Tk. 19.77 respectively.

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BDAUTOCAR

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 1.34 m. with EPS of Tk. 4.12 as against last year's half yearly of Tk. 1.21 m. and Tk. 3.75 respectively. Accumulated loss of the Company was Tk. (31.29) m as on 31.12.08.

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KEYACOSMET

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 45.07 m. with EPS of Tk. 1.56 as against last year's half yearly of Tk. 44.79 m. and Tk. 1.56 respectively.

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KEYADETERG

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 27.77 m. with EPS of Tk. 1.55 as against last year's half yearly of Tk. 27.66 m. and Tk. 1.55 respectively.

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SAMORITA

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 6.98 m. with EPS of Tk. 10.58 as against last year's half yearly of Tk. 8.05 m. and Tk. 12.20 respectively.

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