BRAC Bank shares worth Tk 18.5 million have been traded on the block market of the Dhaka Stock Exchange (DSE).It accounted for 17.59 percent of the day's total block trades worth Tk 105.2 million on the main bourse of the country on Sunday.A total of 302,000 shares of the bank changed hands at a rate of Tk 61.50 each in a single transaction involving one buyer.In the main market, BRAC Bank's shares were traded between Tk 61.60 and Tk 64.60, closing at Tk 63.80.The bank also led turnover on the DSE in the previous week, averaging daily transactions worth Tk 206.2 million, or around 3 percent of the exchange's average daily turnover. BRAC Bank still holds the largest single shareholding on the bourse at 46 percent.Managing Director Selim RF Hussain resigned on May 27, nine months before his contract was due to end. Three days later, Meheriar M Hasan, an independent director since 2020, was appointed chairman at a board meeting.Speculation over leadership changes had triggered a share price dip in May from around Tk 54 to Tk 46. Since then, the stock has been on an upward trend.On Sunday, National Credit Ratings Ltd Chairman AK Abdul Mubin announced plans to sell 14,299 BRAC Bank shares at market price within 30 days.DSE's benchmark index gained 61 points to reach 5,194. The steepest losers were Express Insurance, SEML Lecture Equity Management Fund, and Rahim Textile Mills.
