News February 22, 2021 - Uttara Finance Capital Management

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


settlement of investors' perpetual

claims.


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


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


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


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.


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


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.


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.


stock/baraka-patenga-ipo-shares-

bidding-begins-monday-

1613796374

BSEC looks into Fareast Life’s

transactions over last seven years



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


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.


/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.


/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


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


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


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





Post Date: 2021-02-22

Trading Code: SEMLFBSLGF

News Title: SEMLFBSLGF: Weekly NAV





Post Date: 2021-02-22

Trading Code: SEMLIBBLSF

News Title: SEMLIBBLSF: Weekly NAV



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


Post Date: 2021-02-22

Trading Code: SEMLLECMF

News Title: SEMLLECMF: Weekly NAV





Post Date: 2021-02-22

Trading Code: VAMLRBBF

News Title: VAMLRBBF: Weekly NAV






Post Date: 2021-02-22

Trading Code: VAMLBDMF1

News Title: VAMLBDMF1: Weekly NAV





Post Date: 2021-02-22

Trading Code: ATCSLGF

News Title: ATCSLGF: Weekly NAV





Post Date: 2021-02-22

Trading Code: ABB1STMF

News Title: ABB1STMF: Weekly NAV



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





Post Date: 2021-02-22

Trading Code: PHPMF1

News Title: PHPMF1: Weekly NAV





Post Date: 2021-02-22

Trading Code: POPULAR1MF

News Title: POPULAR1MF: Weekly NAV





Post Date: 2021-02-22

Trading Code: EXIM1STMF

News Title: EXIM1STMF: Weekly NAV





Post Date: 2021-02-22


Trading Code: FBFIF

News Title: FBFIF: Weekly NAV





Post Date: 2021-02-22

Trading Code: 1JANATAMF

News Title: 1JANATAMF: Weekly NAV





Post Date: 2021-02-22

Trading Code: IFIC1STMF

News Title: IFIC1STMF: Weekly NAV





Post Date: 2021-02-22

Trading Code: TRUSTB1MF

News Title: TRUSTB1MF: Weekly NAV





Post Date: 2021-02-22

Trading Code: EBL1STMF

News Title: EBL1STMF: Weekly NAV





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


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





Post Date: 2021-02-22

Trading Code: IFILISLMF1

News Title: IFILISLMF1: Weekly NAV





Post Date: 2021-02-22

Trading Code: PF1STMF

News Title: PF1STMF: Weekly NAV



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


Post Date: 2021-02-22

Trading Code: ICB3RDNRB

News Title: ICB3RDNRB: Weekly NAV





Post Date: 2021-02-22

Trading Code: PRIME1ICBA

News Title: PRIME1ICBA: Weekly NAV





Post Date: 2021-02-22


Trading Code: ICBEPMF1S1

News Title: ICBEPMF1S1: Weekly NAV





Post Date: 2021-02-22

Trading Code: ICBAMCL2ND

News Title: ICBAMCL2ND: Weekly NAV





Post Date: 2021-02-22

Trading Code: 1STPRIMFMF

News Title: 1STPRIMFMF: Weekly NAV



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


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



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


Post Date: 2021-02-22

Trading Code: LRGLOBMF1

News Title: LRGLOBMF1: Weekly NAV





Post Date: 2021-02-22

Trading Code: MBL1STMF

News Title: MBL1STMF: Weekly NAV






Post Date: 2021-02-22

Trading Code: AIBL1STIMF

News Title: AIBL1STIMF: Weekly NAV





Post Date: 2021-02-22

Trading Code: NLI1STMF

News Title: NLI1STMF: Weekly NAV



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


Post Date: 2021-02-22

Trading Code: SEBL1STMF

News Title: SEBL1STMF: Weekly NAV





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 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.

Documents

News February 22, 2021 - Uttara Finance Capital Management