Shahjalal Islami Bank bond jumps Tk2,400 in one day
Market insiders said the prices of the bond have jumped due to annual dividend declaration.
The price of Shahjalal Islami Bank's perpetual bond jumped Tk2,400 per bond — a 54.55% increase — in a single day on Tuesday hitting the highest price within the 52-weeks.
Market insiders said the prices of the bond have jumped due to annual dividend declaration.
As per disclosure published today (23 December), the trustee of Shahjalal Islami Bank Mudaraba perpetual bond set coupon or profit rate at 10% for January-December 2026 period.
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The trustee also set a range of return from 6% to 10% and margin rate of return at 2.50%.
Due to this annual declaration, on Tuesday, there was no price limit on the trading of SJIBL Mudaraba Perpetual Bond. That is why its bond price surged 54.55% in a single day.
On Tuesday, the adjusted opening price of the bond was Tk4,400 each, closing price of the bond was Tk6,800 each at the Dhaka Stock Exchange (DSE). Only two bonds are traded on the bourse.
Shahjalal Islami Bank has reported a slight decline in its earnings per share (EPS) at Tk3.50 for the first nine months of 2025 – during the January to September period.
At the same time of the previous year, its EPS was Tk3.65.
In 2024, Shahjalal Islami Bank reported a profit of Tk169.33 crore with an EPS of Tk1.52, and paid a 10% cash dividend to its shareholders.
A year ago in 2023, it made a profit of Tk358.15 crore and EPS was Tk3.22, according to its financial data.
Today, Shahjala Islami Bank's share price closed at Tk16.40 each at the DSE.
