Inks Tk 936m deal with BREB

FE Report

BBS Cables topped the turnover chart of the Dhaka Stock Exchange (DSE) on Wednesday following investors’ increased participation.

On the day, the premier bourse featured a turnover of above Tk 9.54 billion.

Of the total turnover, 28.2 per cent came from aggregate turnover featured by top 10 turnover leaders.

BBS Cables on Wednesday featured a turnover of Tk 374.9 million and grabbed 3.9 per cent of market turnover featured by the DSE.

Meanwhile, the company informed the DSE that it has inked an agreement with Bangladesh Rural Electrification Board (BREB) under “Distribution Network Expansion for 100 per cent Rural Electrification” projects for supply of conductor, insulated 600V for a total amount of above Tk. 936.06 million.

The goods will have to be delivered within four months from the date of signing of the contract on July 24 this year.

Bangladesh Building Systems Limited holds 16.67 per cent stake in the BBS Cables Limited, which will eventually have a prospective on the profitability of the company after completion of the job, said the disclosure.

The share price of BBS Cables on Wednesday closed at Tk 106 each with a marginal rise of 0.48 per cent or Tk 0.5.

Of other top turnover leaders, United Power Generation & Distribution Company Limited (UPGDCL) featured a turnover of Tk 370.9 million. The company grabbed around 3.9 per cent of the market turnover.

The share price of UPGDCL closed at Tk 318.50 each on Wednesday with a marginal rise of 3.18 per cent or Tk 9.8.

Pacific Denims featured a turnover of Tk 329.3 billion and grabbed 3.4 per cent of the market turnover.

Singer Bangladesh grabbed 2.9 per cent of market after featuring a turnover of Tk 278 million.

Of other turnover leaders, Active Fine Chemicals featured a turnover of Tk 267.3 million, followed by Usmania Glass Sheet Factory Tk 255.2 million, IFAD Autos Tk 235.5 million, Fu-Wang Food Tk 202 million, The Peninsula Chittagong Tk 195.1 million and Social Islami Bank Tk 194.6 million.