Dhaka stocks gain for 2nd day newagebd.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newagebd.net Daily Mail and Mail on Sunday newspapers.
The stock market experienced a fall today as investors went for booking profits and the major drops in prices were seen in the high-flying insurance stocks. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), dropped 30.58 points, or 0.50 per cent, to 6,036. The DSE's turnover, an important indicator of the market, fell 22 per cent to Tk 2,062 crore. Most of the
Stocks decline on profit taking after 3-day gain newagebd.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newagebd.net Daily Mail and Mail on Sunday newspapers.
গেইনারের শীর্ষে কনফিডেন্স সিমেন্ট - শেয়ারবাজারনিউজ কম sharebazarnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sharebazarnews.com Daily Mail and Mail on Sunday newspapers.
Pharmas rake in higher profits
Listed drug makers booked an 18 per cent growth in profit in the first nine months of the current fiscal year thanks to a decrease in marketing costs amidst the coronavirus pandemic.
The figures and associated data were compiled by Prime Finance Asset Management Company, analysing 13 pharmaceuticals companies. ACI and Orion Pharmaceuticals were excluded as they are yet to disclose their earnings.
The total profit of the listed medicine-makers rose to Tk 2,168 crore. Among them, the profits of eight rose. One of them was Beacon Pharmaceuticals, whose profit surged five times to Tk 75 crore. Operational excellence in productivity is the main reason for the higher growth in profits of drug makers, said Muhammad Zahangir Alam, chief financial officer of Square Pharmaceuticals. The company s profits rose around 11 per cent to Tk 1,163 crore.