Emerald Oil Industries has declared a 5 per cent interim cash dividend for the nine months through March this year as it succeeded in securing profit for the second year. Previous sponsor-directors, who still hold 30.45 per cent shares, will not be entitled to get the dividend, as decided by the n
BRAC Bank seeks to raise Tk 7 billion by issuing non-convertible subordinated bonds to strengthen its supplementary capital. The decision was taken at a meeting of the board of directors on Wednesday, according to a disclosure posted on the Dhaka Stock Exchange.The bonds' tenure will be seven year
ADN Telecom's stock price slid 2.78 per cent on Thursday, showing no impact of its latest announcement of acquiring 10 per cent share of Bangladesh's largest online ticketing platform Shohoj Ltd. The company's share price had already jumped 17 per cent since May 30, a possible reason as to why the
The stock market recovered 37 points in the past two days to Thursday as investors put fresh bets on sector-wise stocks, particularly the insurance companies. The recovery can be attributed to investors’ perception that the upcoming income tax act will not impose a tax on their capital
The problem-hit Emerald Oil Industries has recommended a 5 per cent interim cash dividend for the period ended March 31, as it returned to profit after suffering losses for five straight years. The new board of the company declared the interim dividend except the previous sponsors and directors wh
BRAC Bank Ltd wants to raise Tk 7.0 billion by issuing non-convertible subordinated bonds to enhance the Tier-II capital base of the bank. The bond issue decision was taken at a meeting of the board of directors of the bank held on Wednesday, according to a filing with the Dhaka Stock Exchange on
The stock market opened higher on Thursday as investors are putting fresh funds into sector-wise stocks, particularly the life insurance sector. The market is on the way to recovery which can be attributed to the investors’ perception that the upcoming income tax act will not impose on their
ADN Telecom, a publicly traded company, is going to buy a 10 per cent share of online ticketing platform Shohoz Ltd worth Tk 120 million. “The board of directors of ADN Telecom on Wednesday approved the proposal for an investment of Tk 120 million to acquire 10 per cent shares of Shohoz,&rdq
Latest data points to an increased interest of foreign investors in putting money in stocks rather than selling off their holdings. In April, share purchase by foreign investors amounted to Tk 1.31 billion while sales were worth Tk 507 million, in contrast to what was seen three months back. Shar
The market bounced back on Wednesday, overcoming the previous day’s panic-driven selloff as the rumour on capital gain tax was found to be baseless. Market operators said the investors perceived that the previous day’s roumor on capital gain tax imposition is baseless which brings back
The stock market opened on a positive note on Wednesday after a panic-driven selloff yesterday as the rumour on capital gain tax turned out to be untrue. The investors perceived that the previous day’s rumour on capital gain tax imposition is baseless which brings back the investors to
The Dhaka Stock Exchange (DSE) seeks tax exemption on both investments in all kinds of debt securities, including Sukuk, and on the interest income from those to stimulate the bond market. At present, such benefit is limited to zero coupon bonds. Highlighting the insignificant size of the existin
Dhaka stocks witnessed the biggest single-day fall in nearly seven months on Tuesday due to panic-driven sell-offs as a rumor spread on the trading floor about tax imposition on capital gains. Investors were anxious hearing rumours about 15 per cent capital gain tax on secondary market investments
