The stock market watchdog ordered the Dhaka Stock Exchange (DSE) to find out why the share price of non-bank financial institution IPDC Finance surged 57 per cent in just 14 trading sessions without any apparent disclosure. The shares of IPDC Finance were trading at just Tk 18.9 on June 1 and then
Stocks opened on a positive note Tuesday, recovering from a two-session losing streak as bargain hunters returned to the market, taking positions in fundamentally attractive stocks in anticipation of short-term gains.Market participants said investors showed renewed buying interest in selected blue
The securities regulator has granted special clearance to Beximco Pharmaceuticals so it can hold a vital board meeting to stave off delisting from the London Stock Exchange (LSE). The permission was formally given on Sunday through a letter, according to a stock exchange filing on Monday. Consequ
The SME stock index soared more than 43 per cent in the six months through June 22 this year, driven largely by abnormal gains in most stocks despite weak corporate earnings and the absence of significant business developments. Data shows that 17 out of the 20 listed SME stocks registered gains ra
Stocks opened higher on Sunday, extending the market's recent upward momentum as investors continued to accumulate undervalued blue-chip shares in anticipation of short-term gains. Market analysts attributed the rally to a combination of fiscal incentives, tax relief measures and regulatory reform
City Bank's latest financial portfolio bears signs of institutional influence in an artificial market rally of the stock of Sea Pearl Beach Resort & Spa in 2023. Not only did the act, which was illegal under the securities rules, cost general investors heavy losses following a sharp decline in the
The benchmark index of the Dhaka Stock Exchange (DSE) crossed the 5,600-point threshold this week for the first time in 10 months, driven by post-budget optimism, market-friendly fiscal measures, and easing geopolitical tensions in the Middle East. The broad-based index, DSEX, climbed 141 points,
Newly appointed Chairman of the insurance regulator Mir Nadia Nivin has pledged to modernise Bangladesh's insurance sector through stronger governance and the introduction of risk-based supervision aimed at bringing the industry in line with international standards. Ms Nivin, the first woman to le
The securities regulator has ordered a probe into the recent abnormal price movement and trading volume of Regent Textile Mills Limited, a junk stock on the Dhaka Stock Exchange (DSE). The premier bourse has been given 30 working days from the issuance of the order on Wednesday to submit a compreh
The association of publicly listed companies has urged the stock market regulator to remove longstanding obstacles to new listings and simplify regulatory procedures, saying such measures are essential to attract quality companies to the secondary market. The call came during a meeting between the
Stocks rebounded on Wednesday after a one-day break, driven by bargain hunting in undervalued blue-chip shares as investor sentiment improved on hopes of positive market developments and easing Middle East tensions.Online newspaper access The rally was also driven by a combination of fiscal incent
The legal roadblock to the conversion or liquidation of closed-end mutual funds has been cleared, as the Chamber Court of the Appellate Division stayed the status quo orders issued on writ petitions challenging the regulatory move. "We have no bottlenecks now to enforce [the regulatory mandates],"
Bangladesh Bank Governor Md Mostaqur Rahman has assured the association of listed companies that obstacles to accessing credit facilities arising from the presence of defaulted nominated directors on company boards will be removed. His assurance came on Tuesday at a meeting at the BB office with r
