Both BRAC Bank and City Bank secured a year-on-year growth in profit in the first quarter through March this year despite a decline in interest income as their investment income jumped. City Bank showed a 2.88 per cent year-on-year rise in net profit to Tk 0.93 billion in the first quarter
Although trading began positively on Tuesday, both the Dhaka and Chattogram stock markets ended the day with most company shares losing value. At the Dhaka Stock Exchange (DSE), the benchmark index DSEX fell by 46 points. The Shariah-based DSES declined by 12 points, while the blue-chip index DS30
Trading in both the Dhaka and Chattogram stock exchanges began with gains in all major indices on Tuesday, the second working day of the week. At the Dhaka Stock Exchange (DSE), the benchmark index DSEX rose by 12 points. The Shariah-based index DSES increased by 4.0 points, while the blue-chip i
People's access to credit, insurance payments, and savings through mobile financial services (MFS) saw a significant increase in Bangladesh last year compared to the previous year, according to a recent global report. The report highlighted that the number of mobile money users availing loans rose
Gas supply to a plant of the United Power Generation & Distribution Company (UPGDC) has been resumed two weeks after suspension as the government, under pressure to meet rising energy demand, agreed to address a dispute over gas pricing. The 82 MW plant located in the Dhaka Export Processing Zone
IDLC Finance reported a profit of Tk 508.77 million for the first quarter of 2025, a year-on-year surge of more than 43.6 per cent, driven by gains from Treasury bonds and reduced provision. The earnings per share (EPS) rose to Tk 1.22 for the first quarter of 2025 from Tk 0.85 for the same perio
Bangladesh’s stock markets began the first trading day of the week with a decline, as all major indices in both Dhaka and Chattogram opened lower on Monday. At the Dhaka Stock Exchange (DSE), the benchmark index DSEX dropped by 2.0 points. The Shariah-based DSES index fell by 1.0 point, whil
The interim government has taken five key decisions, including "effective reforms" to the capital market with the help of foreign experts having no stakes in the local market. The decisions were taken on Sunday when Chief Adviser (CA) Muhammad Yunus sat with top brass of the government to discuss
Protests against Israel in early April unexpectedly turned hostile towards multinational companies. Bata Shoe endured significant losses in the violent episode as men stormed into its shops in several cities across Bangladesh, ransacked and looted them. The looters used the pretext that Bata Shoe
Stakeholders of the capital market are looking forward to today's meeting where the Chief Advisor is expected to listen to measures taken so far to help stabilise the market and give a direction in the next course of action. Dr. Salehuddin Ahmed, finance adviser; Anisuzzaman Chowdhury, special
Stock market investors on Saturday called for the immediate removal of the Chairman of the Bangladesh Securities and Exchange Commission (BSEC), accusing him of failing to manage the market effectively. Leaders of the Bangladesh Capital Market Investors Association (BCMIA) made the demand at a pre
The stock market continues its downward trend for the fifth week in a row, driven largely by escalating geopolitical tensions in the subcontinent, which weighed heavily on investor confidence. On Wednesday -- the day India launched airstrikes on Pakistan, the benchmark equity index tanked 149 poin
The International Finance Corporation (IFC) has committed to providing a US$58 million long-term loan to Renata PLC, a leading pharmaceutical company in Bangladesh. The aim is to bolster the country's pharmaceutical sector and its capacity to deliver essential healthcare products. This financing
