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DAILY BUSINESS NEWS
Daily Business News
February 22, 2021
BUSINESS NEWS ANALYSIS REPORT
Capital Market News
Stock market almost forgets the
pre-pandemic days
While stepping into 2020, the
country's stock market had been in
a downturn for more than two years
due to poor confidence and a tight
money market. The market was
trying to recover its losses in the
initial weeks of 2020, but suffered
a panic-selling spree since the last
week of February as soon as
Covid-19 widened its reach
worldwide. In five weeks of
February-March 2020, the broad
index of the Dhaka Stock
Exchange (DSE) fell by nearly
15% as investors feared the virus
that had already entered
Bangladesh.
The fall could have been worse had
the market regulator not come up
with the floor price for individual
stocks that still exists. However,
those days a year ago are almost
forgotten as the market
demonstrated its long-awaited
turnaround since the shutdown was
lifted at the end of May last year.
Panic turned into rational bargain
hunting as soon as investors saw
the market confidence in the new
regulator, central bank stance for a
much liquid money market, and the
government's massive stimulus for
pandemic-affected businesses.
DSEX, the benchmark at the DSE,
rallied to above 5,900 points in
recent weeks, which fell below
3,600 points in March last year.
The significant drop in interest
rates is the most significant factor
to drive the rally. As investors saw
less than 5% annual return from
fixed deposits and high interest
national savings schemes shut the
doors for millionaires, they
preferred the stock market.
Bangladesh listed companies
performed better than what was
expected, defying the pandemic.
Of course, not all the sectors and
companies equally recovered in
business and performed in the
stock market. Also the pandemic's
effects on companies are different
based on their nature of business,
strength to withstand headwinds,
innovation and bargain.
The pandemic gainers, losers,
and withstanders
All over the world, sectors which
were supporting people's new way
to live amid the pandemic –
including distant work, home
delivery, online entertainment,
personal protective equipment,
DAILY BUSINESS NEWS | 2
sanitizers, coronavirus fighting
drugs and nowadays vaccine
producers – saw a boost in business
and stock price.
Bangladesh also saw the same and
increased sales of companies like
sanitizer and toiletries maker
Reckitt Benckiser Bangladesh,
from drugs to consumer items
manufacturer ACI, textile to PPE
maker Beximco, bulk internet data
supplier Submarine Cable
Company, data revenue of telecom
operator Grameenphone, biscuit
giant Olympic reflects that.
Stock price of the companies also
recovered well with 20-430% gains
since the shutdown ended in June
2020. Market research reports by
top brokerage firms reveal
pharmaceuticals,
telecommunication, IT, consumer
products, food and beverage
sectors have done fairly well over
the last one year which is reflected
in their increase in market
capitalisation, sales and corporate
earnings.
The multinational companies
recovered from the shutdown
impacts very fast as they managed
sales recovery and even growth in
recent quarters, and cut less
important costs when needed. At
the same business market, Olympic
posted business growth, while
Bangas suffered decline.
Since the shutdown ended in the
Mid-2020 when life began to return
to normalcy and the wheels of the
economy began to roll again,
sectors like construction materials,
automobiles, textile, travel and
leisure, real estate and services
began to see recovery. Going
through ups and downs, most
managed to withstand the 2020
storm with little more or less sales
and profits, compared to those a
year ago.
The list includes cement, steel,
paper and printing, automobile,
services and real estate sectors. On
the other hand, due to market
demand at home and abroad
alongside industry dynamics,
textile and apparel, travel and
leisure, tannery and footwear are
found to be the sectors that are still
losers in business and also in the
stock market.
https://tbsnews.net/economy/stock
/stock-market-almost-forgets-pre-
pandemic-days-205321
BSEC may sign deal with ICAB
on access to DVS
The Bangladesh Securities and
Exchange Commission is likely to
sign a memorandum of
understanding with the Institute of
Chartered Accountants of
Bangladesh on access to the
ICAB’s document verification
system to check companies’ forged
financial reports. BSEC
commissioner Shaikh Shamsuddin
Ahmed told New Age that the
securities regulator agreed in
principle to sign a MoU with the
ICAB to get access to the DVS.
BSEC officials would be able to
verify through the system whether
the audited reports submitted by
the companies to the BSEC is
authentic or not, he said. Audit
reports submitted to the BSEC will
come under scrutiny if they are not
available in the DVS database, they
said. The BSEC has recently
declined initial public offering
applications of a number of
companies and also punished a
number of listed companies for
providing fake and distorted
financial reports.
Market experts said that many
defaulting companies had
remained untraced. So, investors
especially the foreign ones do not
believe in financial reports of the
listed companies, which is one of
the key reasons for the poor
participation of the foreigners in
the Bangladesh market, they said.
BSEC officials said that the move
would bring back confidence of the
investors in the financial reports
disclosed by the listed and IPO
intending companies. Earlier on
November 12, ICAB launched the
DVS to check fake financial
reports of corporate taxpayers and
the National Board of Revenue
signed a MoU with ICAB on
access to the DVS. The Financial
Reporting Council under the
finance ministry also on December
22 signed a MoU with ICAB on the
use of the DVS.
https://www.newagebd.net/article/
130767/bsec-may-sign-deal-with-
icab-on-access-to-dvs
BSEC sees no need of new
provision in Companies Act
The securities regulator sees no bar
in implementing its directive
recently issued to settle investors'
claims for unclaimed or unpaid or
unsettled dividends. It also finds no
need of introducing any new
provision in Companies Act to pull
the accumulated dividends, which
remained unsettled for three years,
into a custodian for the purpose of
DAILY BUSINESS NEWS | 3
settlement of investors' perpetual
claims.
The Bangladesh Securities and
Exchange Commission (BSEC)
said this in the backdrop of
receiving a set of recommendations
from the Bangladesh Association
of Publicly Listed Companies
(BAPLC).
"There is no need of introducing
any new provision in Companies
Act to execute the directive
regarding settlement of unclaimed
or unpaid or unsettled dividend as
such dividend will not be
forfeited," said the BSEC chairman
Prof. Shibli Rubayat Ul Islam.
In its recommendations, the
BAPLC said there is a provision in
India regarding transfer of
dividends, which remain
undistributed for seven years, into
the government's exchequer.
"There is no such provision in our
Companies Act. So, a clause will
have to be included in the
Companies Act to implement the
BSEC's directive," the BAPLC
said. The BSEC chairman the
BAPLC could not realise the
BSEC's directive. "New provision
will be required in Companies Act
if the undistributed dividend if
forfeited."
On January 14, the securities
regulator issued a directive
regarding dividend distribution
policy along with settling the
claims for unclaimed or unpaid or
unsettled dividend. One provision
of the BSEC's directive said the
cash dividend which remains
unpaid or unclaimed or unsettled
including accrued interest for a
period of three years from the date
of declaration or approval or record
date, shall be transferred by the
issuer to the fund as directed or
prescribed by the commission.
https://thefinancialexpress.com.bd/
stock/bsec-sees-no-need-of-new-
provision-in-companies-act-
1613876935
Industry News
25 banks invest Tk 10.33b in
capital market
As many as 25 banks have so far
invested Tk 10.33 billion in the
capital market in a bid to prop it up
in response to the Bangladesh
Bank's circular issued last year
when the market remained volatile.
The BB issued the circular calling
for the formation of a special fund
of Tk 2.0 billion by each scheduled
bank for the purpose of investing in
the capital market.
An official of the central bank said
some 25 banks, out of 41, had
earlier submitted information
regarding their plans to invest Tk
26.73 billion through the formation
of the special funds.
"As of Wednesday, we have
received information about their
investment of Tk 10.33 billion in
the capital market," the BB official
said. The BB's circular came in
February 2020 in the wake of
merchant bankers' request for a Tk
100 billion fund from the
government to support the ailing
capital market. After the issuance
of the circular, the capital market
witnessed the banks' investments
reach Tk 2.54 billion in August
2020.
Contacted, an official of the
Bangladesh Securities and
Exchange Commission (BSEC)
expressed dissatisfaction over the
bank's poor response with regard to
the formation of special funds and
their investment. "The total amount
of the special funds is supposed to
exceed Tk 80 billion as the number
of scheduled banks is 41. But the
banks' response still remains poor,"
he said. He also said the banks have
not submitted any information
regarding the formation of the fund
and their investment after
September 2020.
The securities regulator earlier
issued a directive seeking
information from all the scheduled
banks regarding the creation of
special funds and investment.
Asked for comment, the BB
official said they cannot put
pressure on the banks to invest in
the capital market. "The banks will
invest their own funds. And it will
depend on the decision of their
management. The BB issued the
circular so that the banks can
support the market availing of
some facilities," he added.
According to the BB circular, a
bank can create a five-year special
fund with its own resources or with
financing received from the BB
through the repo or re-financing
schemes. The funds can be used to
invest in equity shares, mutual
funds, bonds or debentures, and
special purpose funds, maintaining
the prescribed criteria.
And the banks will not need to
make any provision for a decrease
DAILY BUSINESS NEWS | 4
in the market value of their
investments. After issuance of the
circular, many banks were not
interested to create the special fund
due to various reasons, including
the fate of investments due to
volatility in the capital market. The
outbreak of Covid-19 also played a
role behind the bank's poor
response to the formation of special
fund
https://thefinancialexpress.com.bd/
stock/25-banks-invest-tk-1033b-
in-capital-market-1613701307
Economy News
Dhaka needs to pay $460m to
join New Development Bank
Bangladesh will have to pay about
$460 million in subscription fee to
become a member of the New
Development Bank (NDB) or
BRICS Bank, a new international
lender looking to mobilise
resources for infrastructure and
sustainable development projects.
Of the sum, $92 million shall be
contributed to the bank's paid-up
capital payable in seven annual
instalments, according to a letter of
the High Commission of India
(HCI) in Dhaka.
It came as the high commission
said India was interested in helping
Bangladesh become a member of
the NDB. In December, Indian
Prime Minister Narendra Modi
invited Bangladesh to join the
NDB. On February 2, Dhaka
expressed its interest to join the
NDB at a virtual meeting with
NDB President Marcos Troyjo.
In August, the HCI requested
Bangladesh to discuss in details for
the membership of the NDB. The
NDB plans to include 16 new
members. Among the prospective
members, Bangladesh is a
priority. The lender began its
official journey on July 21, 2015,
with an initial capital of $50
billion. The total capital of the bank
is $100 billion. Established by the
BRICS states (Brazil, Russia,
India, China and South Africa), the
NDB is headquartered in Shanghai,
China.
https://www.thedailystar.net/busin
ess/news/dhaka-needs-pay-460m-
join-new-development-bank-
2049049
Rush for family savings tools
The downing of bank deposit rates
is pushing savers towards national
savings certificates as they seek
higher returns after incomes were
wiped out by the coronavirus
pandemic. And on the frontline are
families with investable funds.
Sales of family savings instruments
grew nearly threefold year-on-year
to Tk 20,149 crore in the July-
December period of fiscal 2020-21
from Tk 7,581 crore. Many of the
investors bought such certificates
in the names of their spouses and
children.
Overall sales of savings certificates
soared 60 per cent year-on-year to
Tk 54,976 crore in the first half of
the fiscal year. The driving factor
was the more than 11 per cent
interest offered by the government
on various savings certificates,
including that for families. The
interest rate of family saving
certificates is the highest, at 11.52
per cent. One can buy Tk 45 lakh-
worth of the instrument using a
single account. The sale of the
certificates through joint accounts
is not allowed.
The sale of savings certificates for
a three-month term also increased
because of a higher ceiling for
quantities bought and an
opportunity to purchase it for the
underaged. The instrument's sales
soared 151 per cent year-on-year to
Tk 15,059 crore from July to
December. The interest rate for the
certificates is 11.04 per cent. One
can buy Tk 30 lakh-worth of the
certificates and double that using
joint accounts.
The sale of savings certificates had
increased even during the Covid-
19 pandemic, which wiped out the
incomes of many families.
Analysts attribute the spiral to an
opportunity to whiten black money
on payment of a 10 per cent tax on
the declared amount and the
increased inflow of remittance
from the Bangladeshi expatriates.
https://www.thedailystar.net/busin
ess/news/rush-family-savings-
tools-2049053
Company News
Delta Life to appoint US actuary
firm to assess health
Delta Life Insurance is going to
appoint a foreign actuary firm to
get an independent assessment of
the health of the insurer, which
came into the spotlight for
breaching rules and making bribery
DAILY BUSINESS NEWS | 5
allegation against the head of the
industry regulator.
After appointing an administrator
in the company, the Insurance
Development and Regulatory
Authority (IDRA) ordered special
audits into Delta Life Insurance to
ascertain the authenticity of
allegations from stakeholders. The
auditors earlier found that the
company was in breach of several
regulations and that further
investigation was required.
The IDRA appointed Mollah as the
administrator on February 11 to
protect policyholders' interests and
submit a report on the company's
situation within four months. The
appointment came after special and
investigative audits unearthed
breaches of regulations by the
insurer.
Earlier, Delta Life Insurance
accused IDRA Chairman M
Mosharraf Hossain of seeking Tk
50 lakh in bribes for giving
approval to the reappointment of
the company's chief executive
officer and renewing the actuarial
valuation basis. The insurer
complained against Hossain with
the Anti-Corruption Commission
(ACC) on December 7, 2020. On
December 9, it sent another letter to
the commission, alleging that he
demanded the bribe. Delta Life
presented the recordings of phone
calls and the audio clip to the
commission in support of the
allegation.
https://www.thedailystar.net/busin
ess/news/delta-life-appoint-us-
actuary-firm-assess-health-
2049021
Baraka Patenga IPO shares
bidding begins Monday
Baraka Patenga Power's bidding to
explore the cut-off price of its IPO
shares is set to begin on Monday
(February 22), aiming to raise Tk
2.25 billion under the book-
building method. The bidding - a
requirement for going public under
the book-building method - will be
continued until February 25 (round
the clock) as per the reschedule
date.
Earlier, the bidding scheduled for
Baraka Patenga Power's shares was
from February 15 to February 18.
The stock exchange has deferred
the bidding date following an
application by the company,
officials said. Only the eligible
investors can participate to explore
the cut-off price of the company's
shares under the electronic bidding
process.
Each eligible investor (EI) who
intends to submit an application
through the electronic subscription
system (ESS) shall maintain a
minimum investment of Tk 5.0
million only for approved pension
funds, recognised provident funds
and approved gratuity funds and
other Els of Tk 10 million at market
price in listed securities as on
February 7 as well as February 11.
The minimum value for bidding
shall be Tk 5.0 million which is in
accordance with the Bangladesh
Securities and Exchange
Commission (BSEC) consent letter
to the company dated January 11,
2021, according to a statement.
On January 5, this year, the stock
market regulator allowed the
company to explore cut-off price of
its shares through eligible
investors' bidding -- a requirement
for going public under the book
building method. As per the
regulatory approval, Baraka
Patenga Power will raise Tk 2.25
billion from the capital market
under the book-building method.
Of the IPO proceeds, more than Tk
1.44 billion will be invested in two
of its subsidiaries --Karnaphuli
Power and Shikalbaha Power,
partial repay of long-term bank
loans and bear the expenses of the
IPO process.
Subsidiaries of the Baraka Patenga
- Karnaphuli Power and Baraka
Shikalbaha Power have already
started commercial operation after
implementing two (HFO) based
IPP (Independent Power Producer)
power plants having generation
capacity of 110MW and 105MW
respectively. In the financial year
(FY) 2019-20, the Baraka Patenga
logged a profit of Tk 674 million,
up a staggering 123.9 per cent.
https://thefinancialexpress.com.bd/
stock/baraka-patenga-ipo-shares-
bidding-begins-monday-
1613796374
BSEC looks into Fareast Life’s
transactions over last seven years
The Bangladesh Securities and
Exchange Commission (BSEC)
has asked Fareast Islami Life
Insurance Company Ltd (FILICL)
to explain several of its activities
since 2013 and submit detailed
documentation relevant to the
transactions. According to a special
auditor of the securities regulator,
the top tier life insurer gave
Tk191.7 crore to two cooperative
DAILY BUSINESS NEWS | 6
societies over the 2013-2018
period, and the money appears to
have been laundered through the
transaction. In a letter to the
company's managing director
earlier this month, the BSEC also
highlighted some huge
investments, spending and
transactions that might lack due
diligence and transparency.
The irregularities BSEC pointed
out
Fareast Life formed two
cooperative societies – namely the
Fareast Islami Life Insurance
Company Limited Employees
Cooperative Society and the Prime
Islami Life Insurance Company
Limited (PILICL) Employees
Cooperative Society. Both life
insurance companies were under
control of Fareast Life's then-
chairman MA Khakeque. It
appears that through the two
cooperative societies, Fareast Life
laundered Tk191.7 crore over the
period of 2013-2018, according to
the regulator's letter seen by The
Business Standard.
The BSEC also said the money was
not deposited in the bank accounts
of the cooperative societies, but
was instead transferred to other
unknown accounts. In the letter, the
BSEC asked for every detail of the
bank accounts and transactions
along with the meeting resolutions
of Fareast Life management, board
of directors and audit committee
based on which the transactions
had been made.
Fareast Life was also asked to
submit the name of the persons
who were in different responsible
positions within the company. The
company paid Tk858 crore over the
2013-2018 period for "land and
land development." The BSEC
asked for the ownership deed,
mutation and other land
department documents alongside
the documents certifying
regulatory approval and internal
due diligence. BSEC also sought
the list of auditors who had okay
Fareast's financial statements over
the long period alongside
engagement partners, directors and
executives who were involved with
the transactions.
The company opened a series of
bank accounts with eight banks and
a few non-bank financial
institutions (NBFIs). BSEC finds
that the company had fixed
deposits with 11 branches of the
said banks and NBFIs, but the
assets were used as lien against
TK370 crore in loans taken by
companies which were ultimately
owned and controlled by the then
Fareast chairman, directors and top
executives. Fareast Life had a
Tk687 crore investment in various
securities at the end of 2018. Of
that, Tk453 crore was in related
parties and had no valid
documentation to support the
investments.
https://tbsnews.net/economy/stock
/bsec-looks-fareast-lifes-
transactions-over-last-seven-years-
204964
Index Agro’s IPO subscription
begins Monday
ubscription of the initial public
offering (IPO) of poultry and fish
feed manufacturer - Index Agro
Industries Limited - will begin on
22 February (Monday). General
investors can apply to buy the
company's primary shares until 28
February. They will get a 20%
discount on the cut-off price of the
shares. Eligible institutional
investors through bidding set the
cut-off price of the primary shares
at Tk62 each.
On 23 December last year, the
company received the nod from the
Bangladesh Securities and
Exchange Commission (BSEC) to
issue shares at Tk50 each through
an IPO. It will raise Tk50 crore
from the capital market to expand
its business. The fund will be used
to construct buildings, execute
other civil work, acquire new
machinery and equipment, and
meet the expenditures of the IPO
process.
According to the audited financial
statement as of 30 June 2019, the
company's consolidated earnings
per share (EPS) was Tk7.07 and
weighted average EPS was Tk5.60.
Its net asset value per share was
Tk45.03 including re-evaluated
reserve and Tk44.06 excluding re-
evaluated reserve. AFC Capital
Limited and EBL Investments
Limited are the issue managers for
the company's IPO.
https://tbsnews.net/economy/stock
/index-agros-ipo-subscription-
begins-monday-205249
DAILY BUSINESS NEWS
Price Sensitive News
Trading Code: UBR
News Title: DSENEWS: Name and ID change of 'UCB Capital Management Limited'
News: Name change of UCB Capital Management Limited (DSE TREC # 181): Trading activities of the Company will be in the name
and style as 'UCB Stock Brokerage Limited' instead of 'UCB Capital Management Limited' and The three digits ID of the Company will
be changed to 'UBR' from its earlier three digits ID: 'UCB' with effect from February 22, 2021.
Post Date: 2021-02-22
Trading Code: COPPERTECH
News Title: COPPERTECH: Dividend Disbursement
News: The Company has informed that it has disbursed the cash dividend for General Shareholders excluding Sponsors & Directors
for the year ended on June 30, 2020 to the respective shareholders.
Post Date: 2021-02-22
Trading Code: DELTASPINN
News Title: DELTASPINN: Prohibition on providing loan facilities to purchase securities
News: DSE NEWS: The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase
security of Delta Spinners Ltd. in between 1st to 30th trading day after change of categorization, with effect from February 23, 2021 as
per BSEC Directive No. SEC/CMRRCD/2009-193/177 and BSEC Order No. SEC/CMRRCD/2009-193/178 dated October 27, 2015.
Post Date: 2021-02-22
Trading Code: DELTASPINN
News Title: DELTASPINN: Adjustment of Category of the Company
News: As per BSEC Notification No. SEC/CMRRCD/2009-193/07/Admin/dated September 01, 2020, Order No.
BSEC/CMRRCD/2009-93/08 dated September 01, 2020 and subsequent letter No. SEC/SRMIC/04/2012/61 dated February 18, 2021,
the Company shall be placed in 'B' category from existing 'Z' category with effect from February 23, 2021.
Post Date: 2021-02-22
Trading Code: CNW
News Title: CNW: Trading of New Security
News: Trading of the shares of eGeneration Limited will commence at DSE from February 23, 2021 under 'N' category. DSE Trading
Code for eGeneration Limited is "EGEN" and DSE Company Code is 22652.
Post Date: 2021-02-22
Trading Code: EXCH
News Title: DSENEWS: Revised cut-off dates for Baraka Patenga Power Limited
News: DSENEWS: Revised cut-off dates for maintaining minimum required investment for the Bidding of Baraka Patenga Power
Limited through Book Building Method: This is for information for all the respective EIs that the cut-off dates to consider for maintaining
a minimum required matured investment would be February 07, 2021 as well as February 11, 2021 for the bidding of Baraka Patenga
Power Limited through Book Building Method.
Post Date: 2021-02-22
Trading Code: DELTASPINN
News Title: DELTASPINN: Resumption after record date
News: Trading of the shares of the Company will resume on 23.02.2021 after record date.
Post Date: 2021-02-22
Trading Code: INTECH
News Title: INTECH: Spot News
News: Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per
Spot settlement cycle with cum benefit from 23.02.2021 to 25.02.2021. Trading of the shares of the Company will remain suspended on
record date i.e., 28.02.2021.
Post Date: 2021-02-22
Trading Code: NCCBLMF1
News Title: NCCBLMF1: Resumption after record date
News: Trading of the units of the Fund will resume on 23.02.2021 after record date.
Post Date: 2021-02-22
DAILY BUSINESS NEWS | 8
Trading Code: RAKCERAMIC
News Title: RAKCERAMIC: Spot News
News: Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per
Spot settlement cycle with cum benefit from 23.02.2021 to 24.02.2021. Trading of the shares of the Company will remain suspended on
record date i.e., 25.02.2021.
Post Date: 2021-02-22
Trading Code: UNILEVERCL
News Title: UNILEVERCL: Board Meeting schedule under LR 19(1)
News: As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting
of the Board of Directors will be held on February 28, 2021 at 5:00 PM to consider, among others, audited financial statements of the
Company for the year ended on December 31, 2020.
Post Date: 2021-02-22
Trading Code: CAPMIBBLMF
News Title: CAPMIBBLMF: Weekly NAV
News: On the close of operation on February 18, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 10.91 per unit on the
basis of current market price and Tk. 11.45 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of
the Fund stood at Tk. 729,142,613.43 on the basis of current market price and Tk. 765,557,372.56 on the basis of cost price after
considering all assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: CAPMBDBLMF
News Title: CAPMBDBLMF: Weekly NAV
News: On the close of operation on February 18, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 10.60 per unit on the
basis of current market price and Tk. 11.64 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of
the Fund stood at Tk. 531,215,462.85 on the basis of current market price and Tk. 583,304,101.50 on the basis of cost price after
considering all assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: SEMLFBSLGF
News Title: SEMLFBSLGF: Weekly NAV
News: On the close of operation on February 18, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 11.82 per unit on the
basis of current market price and Tk. 11.84 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of
the Fund stood at Tk. 861,990,357.85 on the basis of current market price and Tk. 863,614,214.03 on the basis of cost price after
considering all assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: SEMLIBBLSF
News Title: SEMLIBBLSF: Weekly NAV
News: On the close of operation on February 18, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 10.88 per unit on the
basis of current market price and Tk. 11.71 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of
the Fund stood at Tk. 1,088,299,530.33 on the basis of current market price and Tk. 1,171,467,720.06 on the basis of cost price after
considering all assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: SEMLLECMF
News Title: SEMLLECMF: Weekly NAV
News: On the close of operation on February 18, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 11.15 per unit on the
basis of current market price and Tk. 12.33 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of
the Fund stood at Tk. 557,260,056.08 on the basis of current market price and Tk. 616,276,080.68 on the basis of cost price after
considering all assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: VAMLRBBF
News Title: VAMLRBBF: Weekly NAV
News: On the close of operation on February 18, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 10.32 per unit on the
basis of current market price and Tk. 10.99 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of
DAILY BUSINESS NEWS | 9
the Fund stood at Tk. 1,638,417,752.80 on the basis of current market price and Tk. 1,745,162,312.68 on the basis of cost price after
considering all assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: VAMLBDMF1
News Title: VAMLBDMF1: Weekly NAV
News: On the close of operation on February 18, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 11.49 per unit on the
basis of current market price and Tk. 11.54 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of
the Fund stood at Tk. 1,199,106,106.80 on the basis of current market price and Tk. 1,204,233,497.70 on the basis of cost price after
considering all assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: ATCSLGF
News Title: ATCSLGF: Weekly NAV
News: On the close of operation on February 18, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 11.48 per unit on the
basis of current market price and Tk. 11.80 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of
the Fund stood at Tk. 709,413,399.00 on the basis of current market price and Tk. 728,891,814.00 on the basis of cost price after
considering all assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: ABB1STMF
News Title: ABB1STMF: Weekly NAV
News: On the close of operation on February 18, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 11.12 per unit on the
basis of current market price and Tk. 11.83 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of
the Fund stood at Tk. 2,659,111,897.00 on the basis of market price and Tk. 2,829,067,490.00 on the basis of cost price after considering
all assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: EBLNRBMF
News Title: EBLNRBMF: Weekly NAV
News: On the close of operation on February 18, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 11.22 per unit on the
basis of current market price and Tk. 11.06 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of
the Fund stood at Tk. 2,515,266,249.00 on the basis of market price and Tk. 2,481,206,438.00 on the basis of cost price after considering
all assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: PHPMF1
News Title: PHPMF1: Weekly NAV
News: On the close of operation on February 18, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 10.97 per unit on the
basis of current market price and Tk. 11.17 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of
the Fund stood at Tk. 3,091,542,894.00 on the basis of market price and Tk. 3,148,273,929.00 on the basis of cost price after considering
all assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: POPULAR1MF
News Title: POPULAR1MF: Weekly NAV
News: On the close of operation on February 18, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 11.03 per unit on the
basis of current market price and Tk. 11.50 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of
the Fund stood at Tk. 3,300,301,889.00 on the basis of market price and Tk. 3,440,655,790.00 on the basis of cost price after considering
all assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: EXIM1STMF
News Title: EXIM1STMF: Weekly NAV
News: On the close of operation on February 18, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 11.19 per unit on the
basis of current market price and Tk. 11.36 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of
the Fund stood at Tk. 1,602,520,149.00 on the basis of market price and Tk. 1,626,758,673.00 on the basis of cost price after considering
all assets and liabilities of the Fund.
Post Date: 2021-02-22
DAILY BUSINESS NEWS | 10
Trading Code: FBFIF
News Title: FBFIF: Weekly NAV
News: On the close of operation on February 18, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 11.06 per unit on the
basis of current market price and Tk. 11.01 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of
the Fund stood at Tk. 8,583,260,920.00 on the basis of market price and Tk. 8,543,057,681.00 on the basis of cost price after considering
all assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: 1JANATAMF
News Title: 1JANATAMF: Weekly NAV
News: On the close of operation on February 18, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 11.00 per unit on the
basis of current market price and Tk. 11.53 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of
the Fund stood at Tk. 3,188,780,829.00 on the basis of market price and Tk. 3,342,461,610.00 on the basis of cost price after considering
all assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: IFIC1STMF
News Title: IFIC1STMF: Weekly NAV
News: On the close of operation on February 18, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 10.90 per unit on the
basis of current market price and Tk. 11.23 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of
the Fund stood at Tk. 1,984,755,318.00 on the basis of market price and Tk. 2,045,198,213.00 on the basis of cost price after considering
all assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: TRUSTB1MF
News Title: TRUSTB1MF: Weekly NAV
News: On the close of operation on February 18, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 11.31 per unit on the
basis of current market price and Tk. 11.34 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of
the Fund stood at Tk. 3,433,416,012.00 on the basis of market price and Tk. 3,444,029,811.00 on the basis of cost price after considering
all assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: EBL1STMF
News Title: EBL1STMF: Weekly NAV
News: On the close of operation on February 18, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 10.91 per unit on the
basis of current market price and Tk. 11.27 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of
the Fund stood at Tk. 1,579,060,055.00 on the basis of market price and Tk. 1,631,527,124.00 on the basis of cost price after considering
all assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: RELIANCE1
News Title: RELIANCE1: Weekly NAV
News: On the close of operation on February 18, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 13.20 per unit at current
market price basis and Tk. 11.39 per unit at cost price basis against face value of Tk. 10.00 whereas Net Assets of the Fund stood at Tk.
798,748,918.00.
Post Date: 2021-02-22
Trading Code: GRAMEENS2
News Title: GRAMEENS2: Weekly NAV
News: On the close of operation on February 18, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 19.05 per unit at current
market price basis and Tk. 11.17 per unit at cost price basis against face value of Tk. 10.00 whereas Net Assets of the Fund stood at Tk.
3,474,955,720.00.
Post Date: 2021-02-22
Trading Code: EXCH
News Title: DSENEWS: NEWS for Stock Brokers of DSE and Merchant Bankers
News: (Continuation of DSENEWS): from NRB and foreign applicants along with original bank certificate(s) mentioning the FC
account number which has been debited to issue the FDD and a copy of the list containing information of FDDs at Stock Exchange
Building (Ground Floor), 9/F, Motijheel C/A, Dhaka or DSE Tower (Ground Floor), Plot # 46, Road # 21, Nikunja-2, Dhaka from 10:00
DAILY BUSINESS NEWS | 11
AM to 04:00 PM of February 22, 23 & 24, 2021. Please be informed that no data will be received after aforementioned date and time.
(end)
Post Date: 2021-02-22
Trading Code: EXCH
News Title: DSENEWS: NEWS for Stock Brokers of DSE and Merchant Bankers
News: DSENEWS:NEWS for Stock Brokers of DSE and Merchant Bankers: All the respective Stock Brokers of DSE and Merchant
Bankers are requested to send IPO application data along with list of Bank drafts (FDDs) submitted by NRB and foreign applicants of
Desh General Insurance Company Limited in electronic format through IPO Data Transmission Software in the following
link:http://dsebd.org/IPO-Data-Transmission-Software.php and also send original bank certificates as well as all the bank drafts (FDD)
received(Cont.)
Post Date: 2021-02-22
Trading Code: ICBAGRANI1
News Title: ICBAGRANI1: Weekly NAV
News: On the close of operation on February 16, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 9.89 per unit on the basis
of current market price and Tk. 11.02 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of the
Fund stood at Tk. 970,684,920.29 on the basis of market price and Tk. 1,081,502,865.51 on the basis of cost price after considering all
assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: ICBSONALI1
News Title: ICBSONALI1: Weekly NAV
News: On the close of operation on February 16, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 9.09 per unit on the basis
of current market price and Tk. 11.56 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of the
Fund stood at Tk. 909,490,060.20 on the basis of market price and Tk. 1,155,917,036.93 on the basis of cost price after considering all
assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: IFILISLMF1
News Title: IFILISLMF1: Weekly NAV
News: On the close of operation on February 16, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 8.26 per unit on the basis
of current market price and Tk. 10.87 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of the
Fund stood at Tk. 826,224,688.39 on the basis of market price and Tk. 1,086,557,912.00 on the basis of cost price after considering all
assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: PF1STMF
News Title: PF1STMF: Weekly NAV
News: On the close of operation on February 16, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 8.42 per unit on the basis
of current market price and Tk. 11.84 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of the
Fund stood at Tk. 505,148,917.69 on the basis of market price and Tk. 710,577,896.19 on the basis of cost price after considering all
assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: ICB3RDNRB
News Title: ICB3RDNRB: Weekly NAV
News: On the close of operation on February 16, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 8.14 per unit on the basis
of current market price and Tk. 11.63 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of the
Fund stood at Tk. 813,620,339.70 on the basis of market price and Tk. 1,162,719,334.08 on the basis of cost price after considering all
assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: PRIME1ICBA
News Title: PRIME1ICBA: Weekly NAV
News: On the close of operation on February 16, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 8.81 per unit on the basis
of current market price and Tk. 11.92 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of the
Fund stood at Tk. 881,072,370.80 on the basis of market price and Tk. 1,192,185,730.36 on the basis of cost price after considering all
assets and liabilities of the Fund.
Post Date: 2021-02-22
DAILY BUSINESS NEWS | 12
Trading Code: ICBEPMF1S1
News Title: ICBEPMF1S1: Weekly NAV
News: On the close of operation on February 16, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 7.99 per unit on the basis
of current market price and Tk. 11.77 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of the
Fund stood at Tk. 598,967,693.38 on the basis of market price and Tk. 882,779,750.45 on the basis of cost price after considering all
assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: ICBAMCL2ND
News Title: ICBAMCL2ND: Weekly NAV
News: On the close of operation on February 16, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 9.24 per unit on the basis
of current market price and Tk. 13.48 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of the
Fund stood at Tk. 461,991,836.07 on the basis of market price and Tk. 673,888,741.47 on the basis of cost price after considering all
assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: 1STPRIMFMF
News Title: 1STPRIMFMF: Weekly NAV
News: On the close of operation on February 16, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 11.53 per unit on the
basis of current market price and Tk. 17.53 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of
the Fund stood at Tk. 230,613,860.44 on the basis of market price and Tk. 350,550,048.09 on the basis of cost price after considering all
assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: AL-HAJTEX
News Title: AL-HAJTEX: Prohibition on providing loan facilities to purchase securities
News: DSE NEWS: The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase
security of Al-Haj Textile Mills Limited in between 1st to 30th trading day after change of categorization, with effect from Today,
February 22, 2021 as per BSEC Directive No. SEC/CMRRCD/2009-193/177 and BSEC Order No. SEC/CMRRCD/2009-193/178 dated
October 27, 2015.
Post Date: 2021-02-22
Trading Code: AL-HAJTEX
News Title: AL-HAJTEX: Adjustment of Category of the Company
News: As per BSEC Notification No. SEC/CMRRCD/2009-193/07/Admin/dated September 01, 2020, Order No.
BSEC/CMRRCD/2009-93/08 dated September 01, 2020 and subsequent letter No. SEC/SRMIC/94-95/Part-2/60 dated February 18,
2021, the Company shall be placed in 'B' category from existing 'Z' category with effect from Today, February 22, 2021.
Post Date: 2021-02-22
Trading Code: NCCBLMF1
News Title: NCCBLMF1: Weekly NAV
News: On the close of operation on February 18, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 11.52 per unit on the
basis of current market price and Tk. 10.39 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of
the Fund stood at Tk. 1,250,041,866.12 current market price and Tk. 1,127,639,326.68 on the basis of cost price after considering all
assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: LRGLOBMF1
News Title: LRGLOBMF1: Weekly NAV
News: On the close of operation on February 18, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 12.06 per unit on the
basis of current market price and Tk. 11.09 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of
the Fund stood at Tk. 3,752,694,620.10 on the basis of market price and Tk. 3,449,030,918.46 on the basis of cost price after considering
all assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: MBL1STMF
News Title: MBL1STMF: Weekly NAV
News: On the close of operation on February 18, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 12.09 per unit on the
basis of current market price and Tk. 11.14 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of
DAILY BUSINESS NEWS | 13
the Fund stood at Tk. 1,209,098,968.84 on the basis of market price and Tk. 1,114,317,524.13 on the basis of cost price after considering
all assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: AIBL1STIMF
News Title: AIBL1STIMF: Weekly NAV
News: On the close of operation on February 18, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 11.77 per unit on the
basis of current market price and Tk. 11.22 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of
the Fund stood at Tk. 1,177,080,260.43 on the basis of market price and Tk. 1,122,051,257.73 on the basis of cost price after considering
all assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: NLI1STMF
News Title: NLI1STMF: Weekly NAV
News: On the close of operation on February 18, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 14.44 per unit on the
basis of current market price and Tk. 13.63 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of
the Fund stood at Tk. 726,846,092.73 on the basis of market price and Tk. 686,227,783.49 on the basis of cost price after considering all
assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: SEBL1STMF
News Title: SEBL1STMF: Weekly NAV
News: On the close of operation on February 18, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 13.60 per unit on the
basis of current market price and Tk. 12.75 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of
the Fund stood at Tk. 1,356,812,585.61 on the basis of market price and Tk. 1,272,227,742.41 on the basis of cost price after considering
all assets and liabilities of the Fund.
Post Date: 2021-02-22
Trading Code: HEIDELBCEM
News Title: HEIDELBCEM: EGM for Amalgamation with two Companies
News: (Continuation news of HEIDELBCEM): in accordance with the direction of the Hon'ble High Court by an order dated
07.02.2021 passed in the Company Matter No. 31 of 2021. Date of the EGM: 02.05.2021, Time & Venue of EGM: 10:00 AM, Factory
& Registered Office: Tatki, Jatramora Tarabow, Rupgonj, Narayangonj. Record Date for EGM: 25.03.2021. (end)
Post Date: 2021-02-22
Trading Code: HEIDELBCEM
News Title: HEIDELBCEM: EGM for Amalgamation with two Companies
News: Refer to the earlier news on 11.02.2021 regarding Amalgamation with two Companies, the company has further informed that
they have taken following decisions in respect of holding its 9th Extraordinary General Meeting to get approval of the scheme of
amalgamation for merger of Emirates Cement Bangladesh Limited and Emirates Power Company Limited (Transferor Companies) with
Heidelberg Cement Bangladesh Limited (Transferee Company) (cont.)
Post Date: 2021-02-22
DAILY BUSINESS NEWS | 14
Daily
Business News UFCML Research Team
Contact:
Rishad Reza Nur
Analyst
Mob: 01715551555
Email: [email protected]
UTTARA FINANCE CAPITAL MANAGEMENT LIMITED
Jibon Bima Tower (6 th Floor),
10 Dilkusha C/A,
Dhaka-1000, Bangladesh.