Stock / Bangladesh


Sikder Insurance Co’s IPO subscription opens Dec 21

Sikder Insurance Co’s IPO subscription opens Dec 21

The initial public offering (IPO) of Sikder Insurance Company is set to open for subscription on December 21, aiming to raise Tk 160 million from the stock market under the fixed price method. The investors can submit their applications through electronic subscription systems of the stock exchange

Weekly market review: Stocks snap three-week losing streak

Weekly market review: Stocks snap three-week losing streak

The equities benchmark index reversed losses in the outgoing week, snapping a three-week losing streak, as bargain hunters chased rumour-based stocks in anticipation of quick gain. Although the overall investment appetite remained subdued, the allure of potential quick gains prompted a section of

Best Holdings’ IPO subscription to open Jan 8

Best Holdings’ IPO subscription to open Jan 8

The initial public offering (IPO) subscription of Best Holdings is set to begin on January 8 to raise Tk 3.50 billion from the primary market. It will continue until January 14, according to its IPO prospectus published on Thursday. The cut-off price of IPO shares was fixed at Tk 35 each through

Energypac in the red for sell-off of power subsidiary

Energypac in the red for sell-off of power subsidiary

Energypac Power Generation has reported a loss of Tk 449 million in FY23, owing to the sell-off of its electricity generating subsidiary. A major player in the supply, installation, commissioning, and maintenance of gas and diesel generators in Bangladesh, it had Energypac Power Venture Limited (E

Regulator fines Biplob Holdings for violation of rules

Regulator fines Biplob Holdings for violation of rules

The stock market regulator has imposed a fine of Tk 500,000 on Biplob Holdings Ltd for violating securities rules. The Bangladesh Securities and Exchange Commission (BSEC) disclosed the regulation enforcement decisions for November on its website on Wednesday. It also served warnings to 12 other

MJL Bangladesh to buy tanker to transport LPG

MJL Bangladesh to buy tanker to transport LPG

MJL Bangladesh, one of the leading private lubricant marketers, plans to invest $32.5 million to purchase a newly-built tanker and provide rental services to private liquefied petroleum gas (LPG) companies. The tanker, with a capacity of 11,000 cubic meters, a unit of measurement for the volume of

Web Coats to raise Tk 50m, get listed on SME platform

Web Coats to raise Tk 50m, get listed on SME platform

The stock market regulator has given its permission to Web Coats PLC to raise Tk 50 million through a qualified investors offer (QIO). The approval came on Tuesday at a meeting at the office of the Bangladesh Securities and Exchange Commission (BSEC), presided over by its Chairman Prof. Shibli Rub

Many stocks to become junk as Covid-induced rules will go

Many stocks to become junk as Covid-induced rules will go

A good number of stocks are going to be downgraded to Z category from February 28 next year for failing to give dividends to shareholders on a yearly basis. Companies unable to hold annual general meetings on time and out of operations for more than six months will also be punished in the same fas

Eye-catching performance of stocks in bearish market

Eye-catching performance of stocks in bearish market

Some low-performing stocks have been flying high on the Dhaka Stock Exchange (DSE) in the last few months without any reason for investors to be keen on betting their money on those. Most of these small-cap companies have not paid dividends for years due to losses and are now struggling to keep th