Staff Reporter: Shares of Rupali Bank Ltd. rose on the back of a record date. On Thursday, July 15, the share price rose 1.79 percent from the previous day.
The stock traded at Tk 2.80 on the Dhaka Stock Exchange (DSE) on Thursday. However, calculating the price adjustment after the 10 percent bonus dividend gives the opposite picture of the company’s share price.
The company has announced a 10 percent bonus dividend for the last fiscal year. Thursday was the next transaction after the company’s record date. Before the record date, the closing price of this share was 36 rupees 60 paise.
Due to the 10 percent bonus dividend, the post-adjustment price stands at Tk 33.40. In contrast, the stock had a closing price of Rs 34 on the DSE on Thursday. As a result, the share price has risen by 8 paise or 1.79 percent.
Source: Daily StockBangladesh by www.dailystockbangladesh.com.
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