The initial public offering (IPO) subscription of Techno Drugs is set to open June 9, aiming to raise Tk 1.0 billion from the stock market under the book-building method. The IPO subscription of the company will continue until June 13, according to its IPO prospectus published on Thursday. The cu
At the end of March 2024, the amount of deposits in NRBC Bank increased by nearly 17 per cent. Moreover, compared to the same period last year, the Net Asset Value (NAV) per share of the bank increased. This information was obtained from the unaudited financial report of the bank's first quarter (
Stocks extended the losing streak for three days in a row on Thursday as cautious investors chose to reduce their capital market exposure amidst concerns over the market outlook owing to a challenging external environment. The investor sentiment has been affected by the potential interest rate hik
The government appointed three commissioners to the Bangladesh Securities and Exchange Commission (BSEC) 10 days after the reappointment of its chairman for the second term. Of the three commissioners, Shaikh Shamsuddin Ahmed, a professor of finance at the University of Dhaka, has been reappointed
The securities regulator has fined seven individual investors and one institution Tk 20 million in total for violating the securities rules and manipulating stock prices. The Bangladesh Securities and Exchange Commission (BSEC) slapped the fine on them upon completion of hearings based on investig
BRAC Bank witnessed its profit double year-on-year in the quarter through March as it strengthened its footing on the growth trajectory drawn last year. It achieved a remarkable 100 per cent growth in operating profit in the quarter, compared to the same period of the previous year. Bank official
Stocks opened lower on Wednesday as cautious investors were enticed into short-term profit booking, taking advantage of the recent market recovery with consecutive sessions of price appreciation in the major scrips. Uttara Bank, Power Grid, Brac Bank, ICB and Beacon Pharma saw price correction and
Leaking of inside information has been adversely impacting the country's stock market as a whole, said eminent economist Dr Debapriya Bhattacharya. He said this during a speech at a programme organised by Economic Reporters' Forum (ERF) at its office in the capital. The economist said a group of
Stocks opened higher on Tuesday, as optimistic investors continued to bet on lucrative large-cap shares in anticipation of short-term gain, amid growing confidence. Price hikes of selective stocks such as ICB, Walton, Robi, National Bank, and Kohinoor Chemicals mostly contributed to the market upt
Bangladesh Shipping Corporation (BSC) gained a 10 per cent year-on-year growth in profit in the third quarter through March of FY24. Despite a rise in finance costs, the company was able to secure a higher profit as the amount of its deferred tax paid in Q3, FY24 declined significantly compared to
DBH Finance's profit plunged 34 per cent year-on-year to Tk 172.4 million in the first quarter of this year for higher interest payment on deposits and shrinking income from the stock market. The company, which is focused on home loans, witnessed its interest payment and operating expenses g
Stocks extended the winning streak for the fourth straight session on Monday, with turnover crossing Tk 10 billion mark after three months, as buoyant investors kept their buying spree on lucrative shares. The investors’ enthusiasm sustained, as the institutional investors were putting fresh
Stocks opened higher on Monday with modest volatility, as optimistic investors continued to bet on lucrative large-cap shares in anticipation of short-term gain. Market operators said the buyers remained predominant as bargain hunters continued taking positions in the potentially lucrative shares.
