Stock / Bangladesh

Ring Shine IPO scammers to face legal actions, travel ban

Ring Shine IPO scammers to face legal actions, travel ban

The stock market watchdog has finally decided to take stern actions against all individuals responsible for the scam tied to the 2019 IPO of Ring Shine Textiles. In a press release issued on Monday, the Bangladesh Securities and Exchange Commission (BSEC) said it had decided to involve the Anti-Co


BSEC moves against Prime Finance

BSEC moves against Prime Finance

The capital market regulator has initiated action against Prime Finance and Investment Limited, a listed non-bank financial institution (NBFI), and its two subsidiaries over a Tk 2.96 billion money laundering case. In a press release issued on Monday, the Bangladesh Securities and Exchange Commiss

DSE SME index sees steep decline in one year

DSE SME index sees steep decline in one year

The SME board of the Dhaka Stock Exchange (DSE) has witnessed a steep fall in both its broad index and turnover value over the past year, driven by sharp corrections in the market prices of listed securities. On July 16 last year, the broad DSMEX index stood at 1,540 points. Since then, the index

Regulator slaps 5-year ban on Ring Shine IPO managers

Regulator slaps 5-year ban on Ring Shine IPO managers

The securities regulator has banned top two executives of two issue management companies from any capital market activities for five years due to their involvement in the IPO of the scam-hit Ring Shine Textiles. The Bangladesh Securities and Exchange Commission (BSEC) has issued two separate order

Islami Bank sets sights on top spot after stunning comeback

Islami Bank sets sights on top spot after stunning comeback

After narrowly escaping a liquidity collapse triggered by massive loan irregularities linked to the S Alam Group, Islami Bank Bangladesh PLC is now on a determined path to reclaim its past glory -- aiming to become the country's leading commercial bank once again. In an exclusive interview with Th

Stocks log biggest single-week gain in 10 months

Stocks log biggest single-week gain in 10 months

The benchmark index of the Dhaka Stock Exchange (DSEX) surged 3.56 per cent this week, marking its biggest weekly gain in 10 months, as investor sentiment remained buoyant despite concerns over US tariff hikes. The rally came amid fears surrounding the United States' proposed 35 per cent reciproca

Indo-Bangla Pharma eyes exports to offset business woes

Indo-Bangla Pharma eyes exports to offset business woes

Loss-making drug manufacturer Indo-Bangla Pharmaceuticals has announced a plan to export medicines to Afghanistan for what it claims is to overcome difficulties to access dollars to import raw materials. If the plan is translated into action, Afghanistan will be the first export destination of pro

Stocks break 5,000 barrier amid signs of economic turnaround

Stocks break 5,000 barrier amid signs of economic turnaround

Stocks extended rally for the sixth straight session on Wednesday, with the key index of the Dhaka bourse surpassing the 5,000-point threshold after three months, defying worries over proposed higher-than-expected US tariff imposition. Improving macroeconomic indicators seem to have helped offset