Seven new companies have recently reached the list of the country’s capital market’s billion dollar group.
The seven new companies are Walton Hi-Tech Industries, Robi Axiata Limited, Bangladesh Export Import Company, Investment Corporation of Bangladesh, Beximco Pharmaceuticals, LafargeHolcim Bangladesh and Berger Paints Bangladesh Limited.
Walton made its debut on the country’s stock exchanges on September 23, 2020 and Robi on December 24.
The market has been rising incessantly and pushed them to raise share prices of a number of companies significantly. Since July 1, 2020, the DSEX has soared by 3,285 points, or 82.68 per cent, to close at an all-time high of 7,258.74 points on September 9.
The other companies which already exist are- Grameenphone, British American Tobacco Bangladesh, Square Pharmaceuticals, United Power Generation & Distribution and Renata Limited.
At the end of June 2020, the five companies had more than $1-billion market capitalization each.
Source: New Age