The Dhaka Stock Exchange (DSE) incorporated newly-listed Best Holdings, from the travel and leisure sector, into the broad index (DSEX) after it met all the criteria linked to investor trading. The indices committee of the DSE selected this company after reviewing the performance of the firm for t
Dutch-Bangla Bank Ltd (DBBL) made a record profit of Tk 8.02 billion in 2023 – the highest since listing with the stock market in 2001 – riding on higher interest income and earnings from government securities. The listed bank’s profit rose by 42 per cent compared to the previous
Stocks witnessed a positive trend in early trading on Wednesday, after a two-day slump, as bargain hunters put fresh bets on lucrative shares in anticipation of a potential turnaround. Price hikes of large-cap stocks such as Pubali Bank, Grameenphone, Walton, Best Holdings, Robi, Beacon Pharma, an
Lovello Ice-cream posted an impressive 73 per cent year-on-year growth in profit to Tk 61.44 million for the third quarter of FY24, riding on higher sales. Accordingly, earnings per share jumped to Tk 0.71 for the January-March quarter from Tk 0.41 for the same quarter a year ago, according to a s
After a major setback in the previous day, stocks witnessed volatility in early trading on Tuesday as investors cautiously trading shares amid prevailing uncertainties. The market opened sharply lower and the prime index of the DSE plummeted 27 points within the first 30 minutes of trading. Howeve
SS Steel, a publicly-traded steel manufacturer, has planned to issue seven-year convertible bonds to collect Tk 5 billion through private placement to alleviate its finance cost burden by paying off bank loans. The board has reached the decision as a pile-up of debts left the company unable to mak
The stock market witnessed a big fall on Monday, the first trading day after Eid break, with the key index sinking below 5,800-mark once again, as investors went for panic sell-offs to avoid further losses. The bourses remained closed for five days, from April 10 to April 14, on the occasion of th
Renata rose by Tk 10.8 per share on the Dhaka Stock Exchange (DSE) on Monday after the disclosure of its first direct export of medicines to the US market. One of the leading drug makers, it had lost nearly 39 per cent of its market value since the floor price removal on February 6. The company r
The government has extended the tenure of the current chief of the stock market watchdog for another four years. Shibli Rubayat Ul Islam, former chairman and dean of the Faculty of Business Studies of Dhaka University, currently holds the top position of the Bangladesh Securities and Exchange Comm
Paramount Insurance saw its net profit drop by 7.5 per cent year on year to Tk 70.35 million in 2023, primarily due to a decline in premium income amidst persistent macroeconomic challenges. In 2022, the company turned a profit of Tk 76.04 million. According to the price-sensitive information pub
A significant decline in profits and nominal cash dividends declared by ACME Pesticides frustrated investors, dragging the stock down on the Dhaka Stock Exchange to be the worst loser on Thursday. The company topped the day's chart of top 10 losers as it plunged 6.72 per cent to close at Tk 22.20
Sea Pearl Beach Resort & Spa is at the risk of being labelled as defaulter if it fails to covert bonds worth Tk 1.2 billion into shares meeting the conditions put forth by the bondholder, state-run Investment Corporation of Bangladesh (ICB). The failure would lead to the rescheduling of debt of Tk
BRAC Bank has declared the highest dividends in six years for 2023 after securing a 35 per cent year-on-year growth in profit, supported by higher interest income. The bank's consolidated profit stood at Tk 8.275 billion for the year ended in December last year, up from Tk 6.14 billion the year be
