Investors protest stocks’ steep fall
Business Desk
Agitated investors have staged a demonstration in front of the Dhaka Stock Exchange after the indexes nosedived on Monday.
The protests began at 12:00pm at the capital’s Motijheel area, just two hours after the day’s trading began.
Dhaka stocks opened lower on Monday extending their losing streak for the second straight session.
At close, the benchmark DSEX index lost 120 points or 1.71 per cent to stand at 6885.2.
DSEX lost more than 120 points in the first 3 hours of trading on Monday, lost 100 points in the first quarter of an hour and by 1 pm, the index has decreased by 121 points.
Among other indexes, the Shariah Index has declined by 24 points and the DSE-30 Index by 57 points.
A total of 376 companies took part in the transaction on DSE till 1 pm. Of these, the share and unit prices of 331 companies have declined so far, prices of 28 have increased, and 17 have remained unchanged.
PBL profit grows 28pc
Business Desk
Premier Bank Limited’s net profit has increased by 27.70% to Tk67.48 crore in the third quarter (June-September) of 2021 due to an increase in its investment income.
During the period, the bank’s investment income increased by 31.26% toTk154.10 crore, which was Tk117.40 crore in the same period of 2020.
In this quarter, the company posted a consolidated net interest income of Tk107.83 crore, which was Tk43.99 crore in the same period of 2020.
In the June-September quarter, its consolidated earnings per share were Tk0.65, which was Tk0.51 in the same period of the previous year.
During the first nine months (from January to September) in 2021, the company’s consolidated net profit was Tk232.39 crore, which was Tk146.24 crore in the same period the previous year.
BSRM declares 50pc dividend
Business Desk
Bangladesh Steel Re-Rolling Mills Limited (BSRM) has recommended a final 50 per cent cash dividend, including a 10 per cent interim cash dividend, for the year ended on June 30, 2021.
This is the highest ever cash dividend declaration by the company as it raked in crores in additional profits amid the Covid-19 pandemic.
