DSE Market Pulse April 29: Alif Industries Strategic Takeover, Dividend Surges, and Q3 Earnings Highlights

by Admin-KCBD · Published April 29, 2026 · Updated April 29, 2026

Published: April 29, 2026 | Source: Dhaka Stock Exchange (DSE)

Date: April 29, 2026 | Source: Dhaka Stock Exchange

The Dhaka Stock Exchange (DSE) witnessed a flurry of corporate activity on April 29, 2026, as the market processed a massive wave of quarterly earnings, dividend declarations, and a significant international acquisition. Daily turnover reached a robust Tk. 8,877.77 million with over 221,000 trades executed, even as regulators issued stern warnings against unauthorized social media rumors.

Strategic Acquisition: Alif Industries Goes Global

In a major development for the textile sector, JIT International Inc. USA is set to acquire strategic control and management of Alif Industries Limited (AIL). This move includes a complete restructuring of the board and top management, signaling a new era of international governance for the company. Investors reacted keenly to this news, as the entry of a US-based strategic partner often brings technological and capital efficiency.

Dividend Declarations and Financial Performance

Several companies rewarded shareholders today with fresh dividend announcements:

United Insurance: Declared a 15% cash dividend for FY2025, following a surge in EPS to Tk. 3.46, driven by strong underwriting and investment income.
Dhaka Bank: Recommended a 10% cash dividend for FY2025, reporting a significant jump in annual EPS to Tk. 2.65.
United Finance: Announced a 10% cash dividend for the year.
Green Delta Insurance: Successfully completed its cash dividend disbursement for the previous financial year.

Earnings Roundup: Turnarounds and Headwinds

The third-quarter (Q3) earnings season is in full swing, revealing a mixed bag of results across various sectors:

The Turnarounds: Anwar Galvanizing reported a remarkable shift to profitability with a 9-month EPS of Tk. 4.00. ETL also saw a significant recovery, posting a positive EPS of Tk. 0.23 compared to a loss last year.
Insurance Growth: Crystal Insurance and Central Insurance both reported growth in Q1 EPS, driven by higher interest and premium income.
Sectoral Struggles: The Investment Corporation of Bangladesh (ICB) reported a widening consolidated net loss (EPS of Tk. -6.79) due to higher interest costs. Fortune Shoes and Esquire Knit also reported significant losses for the 9-month period.
Operational Impacts: JMI Syringes reported a loss due to a Tk. 7.54 crore flood-damaged inventory adjustment, while Dominage Steel faced scrutiny as a DSE inspection revealed its Polash factory unit is currently closed.

Banking Sector Rescheduling and Credit Ratings

IDLC Finance continues to demonstrate stability, with its ‘AAA’ credit rating reaffirmed. The company has scheduled a board meeting for May 06 to review Q1 2026 results. Meanwhile, a cluster of banks—including IFIC, NRBC, and Premier Bank—have rescheduled their board meetings to April 30, 2026, to finalize their audited financial statements for the previous year.

Trading Adjustments and Suspensions

Investors should take note of the following trading changes effective April 30, 2026:

Linde BD: Trading will resume following its record date.
Shahjalal Bank: Trading will be suspended for its record date.
Walton Hi-Tech: Moves to the Spot Market until May 3, with a full suspension on May 4 for its EGM record date.

Investor Note

As the market navigates this heavy reporting period, the DSE and BSEC have reiterated the importance of relying on fundamental data rather than social media rumors. With significant shifts in management at Alif Industries and a wave of bank earnings due tomorrow, volatility is expected to remain high in the coming sessions.

Disclaimer: Information for educational purposes only.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Source: Dhaka Stock Exchange (DSE)