The Dhaka Stock Exchange (DSE) has slapped a daily fine of Tk 500 on six listed companies as they failed to disclose their half-yearly or quarterly financial statements in time.
The companies will have to pay the daily fine until they disclose and submit the financial statements to the premier bourse.
According to the DSE, 103 companies were required to disclose and submit their half-yearly or quarterly financial statements by January 31. Of them, 92 announced and submitted their financial reports in time, while five have sought time-extension.
Profit increased for 69 companies out of 92, while profit decreased for 11. Two firms' loss increased and three posted a decline in losses. The performance of 72 companies increased, while performance of 13 declined.
Meanwhile, Dhaka stocks fell for a second day, with the general index of the DSE plummeting 203 points, or 2.7 percent, to 7,280.
"Correction accelerated as the session progressed and apart from institutional profit booking, sales pressure of investors who are still reeling from the earlier index fall fueled the DGEN decline," said a stockbroker.
Chittagong stocks also plunged yesterday, with the selective categories index of Chittagong Stock Exchange declining 382 points, or 2.7 percent, to 13,490.
The companies will have to pay the daily fine until they disclose and submit the financial statements to the premier bourse.
According to the DSE, 103 companies were required to disclose and submit their half-yearly or quarterly financial statements by January 31. Of them, 92 announced and submitted their financial reports in time, while five have sought time-extension.
Profit increased for 69 companies out of 92, while profit decreased for 11. Two firms' loss increased and three posted a decline in losses. The performance of 72 companies increased, while performance of 13 declined.
Meanwhile, Dhaka stocks fell for a second day, with the general index of the DSE plummeting 203 points, or 2.7 percent, to 7,280.
"Correction accelerated as the session progressed and apart from institutional profit booking, sales pressure of investors who are still reeling from the earlier index fall fueled the DGEN decline," said a stockbroker.
Chittagong stocks also plunged yesterday, with the selective categories index of Chittagong Stock Exchange declining 382 points, or 2.7 percent, to 13,490.