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Standard Bank to issue perpetual bond worth Tk 5.0b

FE Report November 20, 2019 10:35:22

Standard Bank will raise a capital worth Tk 5.0 billion through issuance of perpetual bond as additional tier-I capital. The company's board of director has taken the decision of raising capital th...

NBR awards BRAC Bank as one of the highest tax payers

-- November 20, 2019 00:10:41

The National Board of Revenue (NBR) has awarded BRAC Bank Limited with Tax Card on being the 5th highest tax payer in banking sector category, said a statement. This is for the first time that BRAC B...

Eastern Housing approves 20pc cash dividend

FE Online Desk November 18, 2019 13:09:06

The 55th Annual General Meeting of Eastern Housing Limited was held at RAOWA Convention Hall, Mohakhali, Dhaka recently. The AGM was presided over by Manzurul Islam, Chairman of Eastern Housing Ltd....

BSEC halts Shepherd Industries' move

FE Report November 18, 2019 10:33:14

The securities regulator has halted the execution of the Shepherd Industries' decision of purchasing the shares of another company 'Shepherd Jeans' by the assets of the former. The securities regul...

Saudi Aramco in race for IPO record with $1.7 trillion top value

-- November 18, 2019 10:23:07

Saudi Aramco is worth up to $1.7 trillion at the price range set by the oil giant on Sunday, below the $2.0 trillion sought by Saudi’s crown prince but putting it in the running to become the wo...

Earnings of many textile cos down

Mohammad Mufazzal November 17, 2019 10:39:21

The EPS (earnings per share) of majority number of listed textile companies declined while some eight others incurred loss in the last fiscal year (FY) compared to previous FY. On the other hand, som...

Govt earnings from DSE fall 28pc in Oct

FE Report November 16, 2019 10:52:14

The government's revenue earnings from the Dhaka bourse tumbled 28 per cent month-on-month in October this year as trading volume was on the decline. The turnover remains poor for months as unusual f...

Weak earning disclosures affect stock prices

Babul Barman November 16, 2019 10:45:50

Stocks backed to the red again in the outgoing week that ended on Thursday as risk-averse investors dumped their holdings amid 'poor' earning disclosures. Week-on-week, DSEX, the prime index of the D...

Alibaba starts listing in Hong Kong

Xinhua November 15, 2019 17:34:06

Chinese e-commerce giant Alibaba Group Holding Ltd. started listing on the main board of Hong Kong stock exchange on Friday. The e-commerce giant will issue 12.5 million new shares at a price no high...

Chinese shares close lower Friday

-- November 15, 2019 13:40:16

Chinese stocks closed lower Friday, with the benchmark Shanghai Composite Index down 0.64 percent, at 2,891.34 points, Xinhua reports. The Shenzhen Component Index closed 1.01 per cent lower at 9,647...

Wata Chemicals posts highest EPS growth among local cos

FE REPORT November 15, 2019 10:49:26

Wata Chemicals, a listed company in the pharmaceuticals & chemicals sector, posted the highest EPS (earnings per share) growth among its local peers in fiscal year (FY) 2018-19. The company's EPS...

Renata generates highest turnover

FE Report November 15, 2019 10:47:45

Ten most traded companies accounted for nearly 27 per cent of transactions on the prime bourse on Thursday, with Renata generating the highest turnover. Market analysts said investors were active o...

IBN SINA approves 30pc cash dividend

FE DESK REPORT November 15, 2019 10:46:12

The 35th annual general meeting (AGM) of The IBN SINA Pharmaceutical Industry Ltd was held at Emmanuelle's Convention Centre in the city on Thursday, said a statement. Shah Abdul Hannan, Chairman of...

Stocks extend losses as major sectors tumble

FE ONLINE REPORT November 14, 2019 18:10:35

Stocks extended the losing streak for the third straight session on Thursday as worried investors continued their selling binge on major sectors shares. DSEX, the prime index of the Dhaka Stock Excha...

Jamuna Oil recommends 130pc dividend

FE Online Report November 14, 2019 11:49:09

The board of directors of state-run Jamuna Oil Company Ltd has recommended 130 per cent cash dividend for the year ended on June 30, 2019, said an official disclosure on Thursday. The final approval...

Stocks witness mixed trend amid cautious trades

FE Online Report November 14, 2019 11:46:15

Stocks witnessed mixed trend in early hour trading on Thursday as investors are mostly followed cautious stance amid ongoing quarterly earnings declarations. Following the previous day’s downwa...

MI Cement to form three subsidiary cos

FE Report November 14, 2019 10:58:26

MI Cement Factory Ltd has approved formation of three subsidiary companies -- Ocean Voyager Shipping Lines, Ocean Victory Shipping Lines and Ocean Vision Shipping Lines. The board of directors of the...

Stocks plunge amid selling binge

FE Online Report November 13, 2019 16:12:13

Stocks ended lower on Wednesday, after remaining flat in the previous day, as investors mostly on selling binge on sector-wise large-cap shares. DSEX, the prime index of the Dhaka Stock Exchange (DSE...

Heidelberg to acquire Emirates Cement, Emirates Power

FE Online Report November 13, 2019 13:54:08

The board of directors of Heidelberg Cement Bangladesh Ltd has approved the acquisition of 100 per cent shareholding of Emirates Cement and Emirates Power from UltraTech Cement Middle East Investmen...

Regent Textile recommends 5.0pc stock dividend

FE Online Report November 13, 2019 13:42:41

The board of directors of Regent Textile Mills Ltd has recommended 5.0 per cent stock dividend for the year ended on June 30, 2019, said an official disclosure on Wednesday. The final approval of div...

MI Cement to form three subsidiary companies

FE Online Report November 13, 2019 13:41:25

The board of directors of MI Cement Factory Ltd has approved formation of the three subsidiary companies -- Ocean Voyager Shipping Lines, Ocean Victory Shipping and Ocean Vision Shipping Lines. The b...

Bourses down in early trading

FE Online Report November 13, 2019 12:04:30

Stocks witnessed a downward trend in early hour of trading on Wednesday as risk-averse investors went on selling binge on sector-wise shares. Following the previous day’s downturn, the Dhaka St...

DSE broker asked to clear the dues

FE Report November 13, 2019 11:00:22

The securities regulator has asked a broker of Dhaka Stock Exchange (DSE) to pay the dues of its client within 30 days. As per the instruction, Ali Securities, a TREC holder of the DSE, will have to...

Apex Footwear holds 29th AGM

FE Online Desk November 13, 2019 10:57:10

The 29th annual general meeting (AGM) of Apex Footwear Limited was held on Tuesday at Gulshan's Lakeshore Hotel in the capital. Mr Syed Manzur Elahi, chairperson of the company, presided over the mee...

Dhaka stocks inch down after four-day rally

FE Online Report November 12, 2019 16:43:25

Stocks faced a mild correction on Tuesday, snapping a four-day rally, as risk-averse investors opted for quick-profit on sector specific shares. DSEX, the prime index of the Dhaka Stock Exchange (DSE...

Bashundhara Paper declares 15pc dividend

FE Online Report November 12, 2019 12:00:20

The board of directors of Bashundhara Paper Mills has recommended 15 per cent cash dividend for general shareholders (other than the sponsors-directors) for the year ended on June 30, 2019, said an of...

Meghna Cement recommends 15pc dividend

FE Online Report November 12, 2019 11:27:11

The board of directors of Meghna Cement Mills has recommended 10 per cent cash and 5.0 per cent stock dividend for the year ended on June 30, 2019, said an official disclosure on Tuesday. The final a...

Bourses witness upturn in early trading

FE Online Report November 12, 2019 11:22:19

Stocks witnessed an upward trend in early trading on Tuesday as investors were showing their buying appetite on sector-wise shares. Following the previous day’s positive ending, the Dhaka Stock...

China's top co to help develop BD's financial market base

Babul Barman, back from Shenzhen, China November 12, 2019 10:04:16

Kingdom Technology, a leading financial technology provider in China, showed keen interest to develop Bangladesh's financial market infrastructures in collaboration with local firms. "We like to ente...

Private offering of corporate bonds drops in FY19

FE ONLINE REPORT November 11, 2019 13:14:46

Issuance of corporate debt securities or bonds through private placement declined in the past fiscal year (FY), according to statistics available with the central bank. It showed that some 23 compani...