Stock / Bangladesh

Reckitt Benckiser profit grows 24pc in 2023

Reckitt Benckiser profit grows 24pc in 2023

Reckitt Benckiser (Bangladesh) PLC posted 24 per cent year-on-year growth in profit to Tk 820 million in 2023. Despite impressive profit growth, the board of directors of the company cut its cash dividend sharply to 550 per cent in 2023, from 980 per cent cash dividend in 2022. The company’


BSEC extends provision deadline by seven months

BSEC extends provision deadline by seven months

The securities regulator has extended the timeframe by seven months to keep provision against unrealised loss created in margin accounts to avert forced selling. The Bangladesh Securities and Exchange Commission (BSEC) on Thursday extended the time till January 31, 2025, from the existing deadline

Abul Khayer, associates fined Tk 2m for stock manipulation

Abul Khayer, associates fined Tk 2m for stock manipulation

The stock market watchdog has fined investor Abul Khayer and his associates Tk 2 million for manipulating the stock price of Genex Infosys. On 28 March 2022, Genex Infosys was traded at Tk 129 per share and then fell to Tk 68 per share on 22 October, 2022. From this point, the stock reached Tk 11

BATB AGM notice

BATB AGM notice

The 51st Annual General Meeting (AGM) of British American Tobacco Bangladesh Company Limited (BATB) will take place on March 28, 2024, at 10:30 am solely through a digital platform, replacing the previously planned hybrid system, according to a notice. Following is the notice verbatim:   BA

DSEX sinks below 5,800-mark after three-year

DSEX sinks below 5,800-mark after three-year

The prime index of the Dhaka Stock Exchange (DSE) tumbled below 5,800-mark on Wednesday after nearly three years, as jittery investors continued to dump their holdings, fearing further fall. Following the previous two days’ slump, the market opened on a positive note for a short time and fai

C & A Textiles shows expenses as assets: Auditor

C & A Textiles shows expenses as assets: Auditor

The auditor of C & A Textiles Limited expressed concern as the company showed expenses amounting to Tk 32.22 million as non-current assets in its balance sheet. That violated the standards of accounting. C & A Textiles should have been abolished by now as there was a merger between it and Alif In

Stocks return to red after two-day rise

Stocks return to red after two-day rise

Stocks returned to the red on Sunday, snapping a two-day winning streak, as overall market confidence is yet to rebound since there is no major trigger for the market to bounce back. Following the previous two days’ gains, the market opened higher, and the key index rose more than 45 points

Central Insurance declares 12pc dividend

Central Insurance declares 12pc dividend

The board of directors of Central Insurance Company has recommended a 12 per cent per cent cash dividend for the year ended on December 31, 2023. The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 12 at 11:00 am using the digital platf

ICB Islamic Bank recommends no dividend for 2023

ICB Islamic Bank recommends no dividend for 2023

The board of directors of ICB Islamic Bank has recommended ‘no dividend’ for the year ended December 31, 2023 as the bank has been suffering losses for a long time. The ‘problematic’ bank suffered a net loss of Tk 565 million further in 2023, which was 124 per cent higher t

Singer looks to manufacture locally, curb imports

Singer looks to manufacture locally, curb imports

Singer Bangladesh aims to manufacture 90 per cent of its products locally in near future, instead of relying on imports. The multinational company declared its plan at a press conference featuring "Transform for Growth". It has already readied a new manufacturing plant to achieve the goal. The

Craftsman Footwear QIO subscription begins Apr 21

Craftsman Footwear QIO subscription begins Apr 21

The share subscription of Craftsman Footwear and Accessories, an SME company, will open on April 21, aiming to raise Tk 50 million through a qualified investors offer (QIO). Qualified investors, who have maintained a minimum investment of Tk 3 million at the market price of matured securities in t