Written by The Banking Post
Islami Bank Bangladesh’s stock led last week’s Dhaka Stock Exchange rally, soaring 31.25% over five trading days and lifting its market value by Tk 1,690.49 crore. The share price climbed from Tk 33.60 to Tk 44.10 by Friday’s close, a gain of Tk 10.50 per share.
Market Breadth Signals Broad-Based Advance
- Total issues traded: 396
- Gainers: 257 (64.9%)
- Decliners: 103
- Unchanged: 36
Weekly Top Performers
- Islami Bank Bangladesh: +31.25%
- SML Lecture Equity Mutual Fund: +20.72%
- Rupali Bank: +20.00%
- Union Capital: +19.05%
- Midland Bank: +15.32%
- Meghna Pet Industries: +14.93%
- Desh General Insurance: +14.42%
- National Feed Mill: +12.87%
- Meghna Insurance: +12.50%
- Indo-Bangla Pharmaceuticals: +12.10%
Islami Bank: Dividend Track Record & Shareholding
- Listing Year: 1985
- Recent Dividend: 10% cash (2019–2023)
- Total Paid-up Shares: 160,999,068
- Ownership Breakdown:
- Promoters & Directors: 0.18%
- Institutional Investors: 74.82%
- Foreign Investors: 17.89%
- General Investors: 7.11%
As investors hunt oversold names amid improving market sentiment, Islami Bank’s standout performance underscores renewed confidence in the banking sector’s recovery prospects.
