The securities regulator has reduced the single-day permissible price decline of stocks to 3 per cent from 10 per cent for all securities except for six that still have floor price imposed on them. The stock market has been battered since the withdrawal of the price restriction from most sto
Having posting an impressive annual profit growth in 2023, Singer Bangladesh suffered a loss of Tk 21 million in January-March this year, thanks to higher finance expenses amid the rising interest rate. The electronic and home appliance manufacturer gained Tk 112 million in the same quarter a year
Higher selling prices and lower input costs helped Heidelberg Cement secure a moderate year-on-year growth in profit in the January-March quarter this year despite a sharp decline in sales revenue. The Germany-based cement maker's earnings grew 1.6 per cent to Tk 393 million in the quarter through
The Board of Directors of Islami Bank Bangladesh PLC has recommended a 10 per cent cash dividend for the shareholders for the year 2023, subject to approval of the 41st Annual General Meeting of the Bank. The decision was taken in a meeting of the board of directors on Wednesday with its Chairman
Stocks witnessed a positive trend in the early hours of trading on Wednesday amid cautious trading as bargain hunters went on buying selective blue chip stocks. After hitting a fresh three-year low on the previous day, the market opened higher, and after the first two hours of trading, the key ind
EXIM Bank could not reap benefits from the increase in interest rates for having to keep higher provision against investments, which cut profit by more than 9 per cent year-on-year in 2023. The profit of the Export Import Bank stood at 3.37 billion for 2023. "This year, our profit decreased becau
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
