BRAC Bank sees Tk335cr block trade amid foreign portfolio reshuffle
As of April, foreign investors held a significant 36.22% stake in the bank, while sponsors and directors owned 46.17%, and institutional investors accounted for 11.48%.
The Dhaka Stock Exchange (DSE) witnessed a massive block transaction today (12 May), as 4.53 crore shares of BRAC Bank worth Tk335 crore changed hands.
The trades were executed at negotiated prices ranging between Tk71.30 and Tk74 per share. Market sources said the transaction, facilitated through City Brokerage Limited, was primarily part of a strategic reshuffle among foreign investment portfolios.
A senior brokerage official said such large-scale transactions are common when global asset managers reallocate holdings among different funds under their management to meet liquidity requirements or rebalance portfolios.
Keep updated, follow The Business Standard's Google news channel
Block trades are large, privately negotiated transactions executed outside the public order book to avoid sharp price volatility. Under DSE regulations, any transaction valued at Tk5 lakh or more qualifies as a block trade.
As of April, foreign investors held a significant 36.22% stake in the bank, while sponsors and directors owned 46.17%, and institutional investors accounted for 11.48%.
The spike in block market activity follows the bank's strong financial performance. BRAC Bank recently became the first local private-sector lender to surpass the Tk2,000 crore profit milestone, posting a record consolidated net profit of Tk2,250.94 crore in 2025. The figure marked a staggering 57% year-on-year increase from the previous year.
In light of the record earnings, the bank's board recommended a 30% dividend for shareholders, comprising 15% cash and 15% stock dividends.
The bank has scheduled its annual general meeting for 11 June on a digital platform to finalise the dividends. The record date for determining eligible shareholders has been fixed for 17 May.
