Yousuf Flour Mills Limited, a Dhaka Stock Exchange (DSE) SME platform listed company, saw its share price surge to become the most expensive on 24th March, closing at Tk3,482.4 per share. Within a span of just two and a half months, the stock skyrocketed by 129%, starting from Tk1523 per share on January 16. Despite the significant rise, the company informed the DSE that there was no undisclosed price-sensitive information, and due to this in the last 10 sessions, only 28 shares were traded, with an increase of 6.06% or Tk200 observed.
Established in 1977, Yousuf Flour sells its products both domestically and internationally. After being delisted in 2009, it resumed trading on the SME platform in July 2022. In the fiscal year 2022-23, the company’s revenue reached Tk72.26 crore, with a profit after tax of Tk1.50 crore. It recommended a 12% cash dividend for shareholders, with sponsor directors retaining a 53.88% stake and general shareholders holding 46.05%.
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