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46 listed companies get ICMAB award | Bangladesh Sangbad Sangstha (BSS)
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53 companies get ICMAB Best Corporate Award-537989
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Despite the announcement, stocks of the BATBC dropped 0.66 per cent to Tk 1,592.
It was the same fate for the IPDC and IDLC although they logged higher profits amid the pandemic.
IDLC Finance declared 35 per cent cash dividend as its profits rose 49 per cent to Tk 254 crore for the year ending on December 31 of 2020 compared to the previous year.
IPDC Finance recommended 12 per cent cash dividend while it s profits rose 25 per cent to Tk 70.5 crore last year. However, the IDLC and IPDC Finance stocks fell 0.43 per cent and 0.75 per cent respectively.
The overall market situation was dull because investors are confined to within some stocks, a merchant banker said.