Stock / Bangladesh

ADN Telecom to invest Tk 120m in Shohoz

ADN Telecom to invest Tk 120m in Shohoz

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


Stock index recovers 37 points in two days

Stock index recovers 37 points in two days

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

Emerald Oil declares 5pc interim cash dividend

Emerald Oil declares 5pc interim cash dividend

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 to issue Tk 7.0b subordinated bond

BRAC Bank to issue Tk 7.0b subordinated bond

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

Stocks open higher with rising turnover

Stocks open higher with rising turnover

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

Stocks rebound after previous day’s big fall

Stocks rebound after previous day’s big fall

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

Stocks open higher Wednesday a day after panic selloff 

Stocks open higher Wednesday a day after panic selloff 

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

Prime bourse sees biggest fall in 7 months

Prime bourse sees biggest fall in 7 months

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

Tips on trading in govt securities on secondary market

Tips on trading in govt securities on secondary market

Binding rules are set for trading in secure government securities — coveted as blue chips — on the secondary market as part of measures for developing the capital market. An investor who is willing to purchase the sovereign securities —- government bonds —- through stock ex

DSE core index sheds 40 points on sale pressure

DSE core index sheds 40 points on sale pressure

Stocks tumbled on Tuesday as risk-averse investors opted for booking short-term profits on sector-specific shares amid soaring inflation and in the absence of a major trigger in the market. Inflation hit a fresh decade-high of 9.94 per cent in May, while some investors preferred to book profits, a

Sonali Aansh’s EPS slumps 83pc in January-March quarter

Sonali Aansh’s EPS slumps 83pc in January-March quarter

Sonali Aansh Industries earning per share (EPS) tumbled 83 per cent year-on-year to Tk 0.30 in January-March quarter this year due to decrease of export earnings and increased number of shares. The export-oriented diversified jute goods manufacturer’s EPS was Tk 1.78 in January-March a year