Square Pharma shares get buyers at floor price

After more than seven months, Square Pharmaceuticals Ltd shares, on Thursday morning have seen buyers bidding at and above the floor price of Tk209.8 apiece.

It offered a sense of relief to a large number of investors who were unable to sell the blue-chip share for months, stockbrokers said.

However, selling pressure was yet to let the large-cap stocks take off from the floor as of 11:30am.

Securities regulator imposed the floor price on individual scrips on 28 July last year and that deprived investors of majority scrips of opportunities to exit.

In the last few months over a hundred of 401 DSE scrips came up from the floor, mostly small cap ones.

Square Pharmaceuticals posted Tk16.82 in earnings per share for the first nine months of the last fiscal year, up from Tk16.3 for the same period of the previous year.

Source: The Business Standard
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Iram Hoque

Mohd. Iramul Hoque (Iram) completed his bachelor’s degree in Industrial Engineering in 2018 from Purdue University.

He joined Deloitte Consulting LLP as a Consulting Analyst based out of New York City having previously worked in similar roles at PricewaterhouseCoopers LLP & Landis+Gyr.

Iram left consulting and returned to Bangladesh to take up the family business. Realizing the opportunity in the capital market in Bangladesh, Iram worked relentlessly to found Columbia Shares & Securities Ltd in 2021.

Md Saiful Hoque

Md. Saiful Hoque received his bachelor’s degree in Civil Engineering from Columbia University in 1986 followed by a master’s degree from Texas A&M University in 1988. Upon completion of his Graduate Degree, he joined Gulf Interstate Engineering Company in Houston, USA serving as a Project Engineer.

He returned to Bangladesh in 1992 to join Columbia Enterprise Ltd., the family business of Shipping and Freight Forwarding services. In addition, he has built flourishing businesses manufacturing Garment’s Accessories and Fast-Moving Consumer Goods.