Stock / Bangladesh


Best Holdings IPO Bidding: Cut-off price set at Tk 35

Best Holdings IPO Bidding: Cut-off price set at Tk 35

The cut-off price of initial public offering (IPO) shares of Best Holdings has been fixed at Tk 35 each through electronic bidding process involving eligible investors. The determination of this price took place over a 72-hour bidding window from November 20 to 23, as mandated by the book-building

Jute Spinners losses doubled in FY23, as trial run fails

Jute Spinners losses doubled in FY23, as trial run fails

Jute Spinners' annual loss almost doubled year-on-year to Tk 142.43 million in FY23, while accumulated losses of the last 11 years reached around Tk 900 million. It has been producing nothing since 2016. The company suffered a net loss of Tk 76.23 million in FY22. Liabilities shot up exceeding tw

Stock turnover hits eight-month low

Stock turnover hits eight-month low

The daily turnover on Dhaka Stock Exchange tumbled to an eight-month low on Tuesday as investors were reluctant to put fresh bets on stocks amid growing political tensions ahead of the national election. Also, the latest policy rate hike by a further 50 basis points amid a tightened monetary space

Stock open higher riding on junk shares

Stock open higher riding on junk shares

Stocks opened positive on Tuesday, after a big fall the previous day, as bargain hunters put fresh bets on rumour-based junk stocks in anticipation of short-term gains. A section of investors chased low-performing junk stocks again such as Zeal Bangla Sugar Mills, Ambee Pharma, Libra Infusion, and

Rozario new shareholder-director of DSE

Rozario new shareholder-director of DSE

Richard D' Rozario, managing director of Global Securities, has been elected uncontested as a shareholder-director of the Dhaka Stock Exchange for the next three years. Mr Rozario will replace Md Siddiqur Rahman, chairman of Sterling Stocks and Securities, who is retiring from the DSE board in lin

DSE plunges to 7-month low

DSE plunges to 7-month low

Stocks suffered a big jolt on Monday as jittery investors dumped their holdings, fearing further erosion of their portfolios. The latest policy rate hike by a further 50 basis points amid a tightened monetary space fueled concerns among investors regarding the market outlook, said EBL Securities.

S.S. Steel to acquire more fixed assets to boost capacity

S.S. Steel to acquire more fixed assets to boost capacity

S.S. Steel is set to acquire fixed assets of two non-listed steel makers -- Super Steel and Peninsula Steel Mills, located at Sitakunda in Chattogram -- as part of its business expansion. The fixed assets -- land (164 decimal), steel structure shed, building, capital machinery, and utility connect

Floor price left no room for mutual funds to perform in FY23

Floor price left no room for mutual funds to perform in FY23

The mutual fund industry found itself in a tight spot in FY23, as the price movement restriction kept the market stagnant throughout the year giving little opportunity for capital gains. Open-ended mutual funds that secured commendable double-digit returns a year before saw their earnings shrink d