Saturday, 16 October, 2021

Tk 200bn dividends remain idle at capital mkt

  • Staff Correspondent
  • 25 July, 2021 12:00 AM
  • Print news

Around Tk 200 billion unclaimed cash and stock dividends from different companies have remained idles at capital market for long time, according to the Bangladesh Securities and Exchange Commission (BSEC).

BSEC authorities said that after placing a claim, the investors will avail the amount of bonus which is under the control of the regulator.

 Market analysts said that the investors will receive benefit from withdrawing the dividends.

Multinational company British American Tobacco announced 200 percent bonus share for its shareholders for the year ended on 31st December, 2018.

Some Tk 110 billion dividends against 80 million shares of the company remained idle at the capital market since last two years.

The capital market will begin operations from today after five day holidays marking Eid-ul Azha and weekends.

Earlier on Monday last, Dhaka Stock Exchange continued to gain for the fifth consecutive session.

The DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 39.93 points or 0.63 per cent to reach 6,405.

Two other indices saw an upward trend with the DS30 index, comprising blue chips, gained 16.35 points or 0.71 per cent to reach at 2,322 and the Shariah Index (DSES) rose 8.38 points or 0.61 per cent to stand at 1,387 points.

Gainers took a strong lead over the losers, as out of 372 issues traded, 159 advanced, 179 declined and 34 issues remained unchanged on the DSE trading floor.

A total of 237,550 trades were executed in the day’s trading session with a trading volume of 455.53 million shares and mutual fund units.

The daily trade turnover stood at Tk 12.64 billion on the DSE, which was 29.48 per cent lower than the previous day’s lowest turnover of Tk 17.93 billion.