Investors have lost patience watching storm clouds hanging over the stock market for years and so on Tuesday took to the streets in the capital demanding resignation of the chief of the securities regulator. While they were chanting slogans accusing the regulator of inaction against market m
Stocks witnessed volatility in early hours of trading on Tuesday as the regulatory intervention virtually failed to restore investors’ confidence to the market. The Bangladesh Securities and Exchange Commission on Monday at a meeting urged the market intermediaries to ensure their active par
Robi Axiata posted an impressive 154 per cent year-on-year growth in profit to Tk 1.06 billion for January-March of FY24, supported by a robust revenue growth and a significant decrease in forex loss. The second largest telecom operator registered more than 7 per cent revenue growth year-on-year t
Stakeholders are pressing the securities regulator to act to strengthen the fundamentals of the capital market, saying it would not gain stability otherwise. At a Monday meeting, they lamented that while the country achieved a growth in wealth in other sectors over the years the equity market sa
Stocks rebounded on Monday, snapping a five-day losing streak, as sale pressure reduced to some extent following the securities market meeting news with market stakeholders. The Bangladesh Securities and Exchange Commission (BSEC) called a meeting today (Monday) at 3pm with the market stakeholders
LafargeHolcim Bangladesh Ltd, a leading multinational cement manufacturer, has expressed its interest to work with the Ministry of Environment on sustainable waste management. Mohammad Iqbal Chowdhury, Chief Executive Officer of LafargeHolcim Bangladesh, paid a courtesy call on Environment, Forest
Walton Hi-Tech Industries secured a remarkable 79 per cent year-on-year growth in profit to Tk 4.22 billion in the third quarter through March this year, supported by a significant decrease in foreign currency transaction loss. Its earnings per share rose to Tk 13.93 for the January-March quarter
The IBN Sina Pharmaceutical Industry posted a 44 per cent year-on-year growth in profit to Tk 135 million for the January-March quarter of FY24, riding on higher sales. The drug maker's consolidated earnings per share (EPS) stood at Tk 4.31 for the quarter, up from Tk 2.99 a year ago, according to
Bank Asia's proposed acquisition of the Bangladesh chapter of Karachi-based Bank Alfalah seems to be a good deal, considering the financial performance of the latter over the years. Bank Alfalah Bangladesh's net interest income grew 34 per cent year-on-year to Tk 669 million in 2023, while profi
Stocks witnessed a downturn in the early hours of trading on Sunday as investors were mostly in selling mode amid the prevailing volatility in the market. Market analysts blamed the rising interest rates that made fixed-income instruments more lucrative as compared to stock market returns while a
Stocks witnessed a sharp fall in the outgoing week after Eid holiday, as jittery investors fled risky assets, fearing that escalating Israel-Iran tensions will have a significant impact on the country's economy. Apart from the potential global crisis, the rising interest rates in the country promp
Dutch-Bangla Bank Ltd (DBBL) rose 7.20 per cent on the Dhaka Stock Exchange (DSE) on Thursday as investors were buoyed by its 42 per cent year-on-year profit growth in 2023. DBBL secured a profit of Tk 8.02 billion last year, highest since its listing in the stock market in 2001, riding on high in
The stock market witnessed yet another massive setback on Thursday, with the key index of the Dhaka bourse sinking below 5,700-mark for the first time in nearly three years. The market has already been bearish since the removal of the floor price while macroeconomic uncertainties stemming
