United Finance Ltd has reported a 36 per cent year-on-year drop in profit for 2022, due to increased operating expenses and higher provision against loans. The listed non-bank financial institution (NBFI) logged a net profit of Tk 142 million in 2022. Its earnings per share (EPS) dropped to Tk 0.
The 2010 stock market debacle prompted the securities regulator to form a "high profile" advisory committee to suggest changes in policies, whenever needed, to help develop the country's capital market. The committee sat only once in 2014 after its formation in March 2011. The market has been thro
Investors seem to have overlooked the latest business data of Legacy Footwear when they bet on the stock on the Dhaka Stock Exchange last week. The stock rose abnormally in the bearish market, leading to it becoming the top gainer in the last three consecutive sessions. However, Legacy Footwear r
Transfer of two OTC companies to the SME board of the Dhaka Stock Exchange (DSE) remains pending mainly for non-payment of listing fees and non-existence of a company website with detailed financial information. Gachi Hata Aquaculture Farms and Bangladesh Hotels are among the 51 firms that were de
Stocks passed yet another gloomy week to Thursday amid sluggish turnover, with majority stocks remaining stuck at floor price level as investors kept holding back from making fresh bets. The DSEX, the prime index of Dhaka Stock Exchange (DSE), went down 4.94 points or 0.08 per cent to 6,215.30.
Salvo Chemical Industry, which produces sulphuric acid, sulphate, battery-grade water and glucose, has reported a 26 per cent year-on-year drop in net profit for the six months through December 2022 due mainly to costlier raw materials. The chemical producer logged a net profit of Tk 64.66 milli
The securities regulator has decided to file money laundering cases against the managing director of scam-hit Universal Financial Solutions (UFS) and his associates for embezzlement of Tk 2.35 billion from four open-end mutual funds. At a meeting on Thursday, the Bangladesh Securities and Exchange
Midland Bank braces itself to see investors' response in its debut trading on Monday on the Dhaka and Chittagong bourses after its initial public offering failed to draw much attention. It will be the 35th listed bank, having seen two other banks performing poorly on the exchanges last year afte
The securities regulator has restructured the board of directors of Simtex Industries, a sewing thread and yarn dyeing producer, by appointing new chairman and four independent directors. The Bangladesh Securities and Exchange Commission (BSEC) issued a directive in this regard on Thursday with im
Orion Infusion plummeted by Tk 705 or 72 per cent each share in the past five months from its peak reached in the end of October last year. It had taken almost equal time to multiply 12 times to Tk 973.9 back then. The company's share closed at Tk 268.80 on Wednesday. The rally was mainly driven
The Dhaka and Chittagong bourses will work together to "restore investors' confidence, said the DSE chairman. The stock market is currently going through a tough time. "To overcome the crisis, the bourses need to work together," said the newly-appointed DSE Chairman Prof Dr Hafiz Md Hasan Babu. H
Both Central Insurance and Phoenix Insurance have reported a decline in profit in 2022, compared to the previous year, mainly due to a decrease in premium income from the marine segment. A sharp fall in third-party insurance and lower earnings from the stock market investments also contributed to
Banglalink Digital Communications Ltd, the third-largest mobile phone operator in Bangladesh, has planned to go public by offloading 10 per cent of its paid-up capital. Banglalink may raise more than Tk 8 billion through initial public offering (IPO) under the fixed-price method. The telecom oper
