Olympic Industries sees Tk72cr shares change hands in block trade
A total of 50 lakh shares were traded in the block market at Tk144 per share during the session
Around Tk72 crore worth of shares of Olympic Industries changed hands in the block market of the Dhaka Stock Exchange (DSE) yesterday, signalling a strategic transaction involving the company's sponsor director.
A total of 50 lakh shares were traded in the block market at Tk144 per share during the session. In contrast, the stock closed at Tk163.10 apiece in the public market, marking a 2% increase from the previous trading day.
In the block market, transactions are executed between pre-arranged buyers and sellers at mutually agreed prices. Shares worth below Tk5 lakh are not permitted in this segment, and the standard 10% upper and lower circuit breaker limits apply.
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Market insiders said the block trade was executed by the company's chairman and sponsor director, Aziz Mohammad Bhai, as part of his earlier plan to increase his stake. The shares were reportedly purchased from foreign investors.
Earlier on 19 February, Aziz Mohammad Bhai disclosed his intention to buy one crore shares of Olympic Industries through the block market within the next 30 working days at the prevailing market price.
Following that declaration, Olympic Industries' share price rose by 7% on the Dhaka bourse, reflecting a positive response from investors.
Analysts said such moves by sponsor directors are generally perceived as a sign of confidence in a company's fundamentals and long-term prospects.
At present, foreign investors hold 32.83% of the company's shares, while institutional investors own 21.90%. The general public holds 12.89%, and the remaining shares are held by sponsors and directors.
The latest acquisition is expected to further increase the sponsor-director shareholding, though details of his previous stake were not disclosed.
Olympic Industries Limited is the country's largest branded biscuit manufacturer and a leading fast-moving consumer goods company, producing a wide range of biscuits, confectionery, and bakery products for both domestic and export markets.
For the July–December period of 2025, the company reported revenue of Tk1,548 crore, up from Tk1,490 crore in the same period a year earlier. Earnings per share stood at Tk5.99, compared to Tk5.82 previously, while net asset value per share reached Tk65.34 as of December 2025.
