Stock / Bangladesh

EXIM Bank takes over Padma Bank

EXIM Bank takes over Padma Bank

The EXIM Bank and Padma Bank on Monday signed a MoU at the Bangladesh Bank (BB) headquarters, under which the EXIM Bank will 'take over' the troubled Padma Bank. Chairman of the EXIM Bank Mr. Nazrul Islam, after the signing of the MoU, told the newsmen that the ‘takeover’ will not anyw


DSE key index sheds 268 points in seven days

DSE key index sheds 268 points in seven days

Stocks extended the losing streak, with the prime index of the Dhaka bourse losing 268 points over the seven straight sessions to Monday. Market insiders said the jittery investors continued to dump their holdings to avoid further erosion of their portfolio as the prolonged bearish trend frustrate

Brigadier Imran Hamid made independent director of DSE

Brigadier Imran Hamid made independent director of DSE

Bangladesh Securities and Exchange Commission (BSEC) has reappointed Brigadier General M Imran Hamid as an independent director of the Dhaka Stock Exchange (DSE), the country's main stock market. The BSEC, in an office order, said his appointment for the next 3 years will be effective from March 1

DSE key index drops below 6,000 points, lowest in 34 months

DSE key index drops below 6,000 points, lowest in 34 months

The main index of the Dhaka Stock Exchange has fallen below 6,000 points on the second day of Ramadan after a significant drop on the first day of fasting.At the end of trading on Wednesday, the DSEX stood at 5,974 points, the lowest level in 33 months and 19 days.The last time the DSEX was at that

CSE blue-chip, Shariah index reviewed

CSE blue-chip, Shariah index reviewed

The blue-chip index and Shariah index of the Chittagong Stock Exchange (CSE) were revised on Tuesday. The CSE 30 Index has been revised on the basis of the performance of the companies listed on the bourse. The new index will be effective from March 21. The new companies to be included in the CSE

Sponsor of Runner Automobiles to sell 0.12m shares

Sponsor of Runner Automobiles to sell 0.12m shares

One of the founders of Runner Automobile has decided to sell 4.76 per cent of his holdings, bringing his stake down to 2.11 per cent in the company. Mohammad Ali Deen, who has 2.52 million shares of Runner Automobiles, disclosed his intention to sell 0.12 million shares. At present, he has an app

EBL looks to strengthen capital after 20pc higher profit

EBL looks to strengthen capital after 20pc higher profit

Eastern Bank has reported a 19.53 per cent year-on-year growth in consolidated profit to Tk 6.12 billion for 2023. With the latest data, it shows a steady profit growth for the last five years. At a board meeting on Sunday, the company also recommended 12.5 per cent cash and 12.5 per cent stock d

EBL recommends 25pc dividend

EBL recommends 25pc dividend

The board of directors of Eastern Bank Ltd. (EBL) has recommended 25 per cent dividend for the year 2023 ended on December 31. The dividend will distribute 12.5 per cent cash dividend and 12.5 per cent stock dividend for its shareholders. The final approval of the dividend will come during the An

BSEC set new trading hours for Ramadan

BSEC set new trading hours for Ramadan

The Bangladesh Securities and Exchange Regulator (BSEC) has reduced share trading time by an hour during the holy month of Ramadan. The country's bourses-- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE)-- will open at 9:30 am instead of 10:00 am and will close at 1:30 pm instead of

DSE looks into technical glitch that reduced it by 98pc

DSE looks into technical glitch that reduced it by 98pc

The premier bourse of the country has begun a probe to find out why the index lost 98 per cent at the beginning of the Sunday's session and remained so until the trading ended. The regulator allows correction by maximum 10 per cent of any stock in one day. Hence, it is impossible for the DSE index

Unilever Consumer Care’s profit up 32pc on finance income

Unilever Consumer Care’s profit up 32pc on finance income

Unilever Consumer Care has reported a 31.61 per cent year-on-year growth in profit to Tk 961.59 million for 2023, backed by finance income and a one-off benefit. Its earnings per share (EPS) jumped to Tk 49.89 for the year, up from Tk 37.90 for 2022. The board of directors has recommended 300 per

Navana Pharma to build generic production unit

Navana Pharma to build generic production unit

Navana Pharmaceuticals has decided to construct a 5-storied fully GMP compliant generic production unit with an initial investment of Tk 1.45 billion. The board of directors has also decided to revise the use of IPO proceeds partially and extend the time of full utilisation of the IPO proceeds. T