A strong dollar and runaway inflation continued to hit the businesses of general insurers, dragging down profits of most of them in 2023, compared to the year before. Almost all business activities in the country remained sluggish in 2023, owing to lingering macroeconomic uncertainties, wh
Stocks opened lower on Wednesday as cautious investors were enticed into short-term profit booking, taking advantage of the recent market recovery with consecutive sessions of price appreciation in the major scrips. Uttara Bank, Power Grid, Brac Bank, ICB and Beacon Pharma saw price correction and
Leaking of inside information has been adversely impacting the country's stock market as a whole, said eminent economist Dr Debapriya Bhattacharya. He said this during a speech at a programme organised by Economic Reporters' Forum (ERF) at its office in the capital. The economist said a group of
Stocks opened higher on Tuesday, as optimistic investors continued to bet on lucrative large-cap shares in anticipation of short-term gain, amid growing confidence. Price hikes of selective stocks such as ICB, Walton, Robi, National Bank, and Kohinoor Chemicals mostly contributed to the market upt
Bangladesh Shipping Corporation (BSC) gained a 10 per cent year-on-year growth in profit in the third quarter through March of FY24. Despite a rise in finance costs, the company was able to secure a higher profit as the amount of its deferred tax paid in Q3, FY24 declined significantly compared to
DBH Finance's profit plunged 34 per cent year-on-year to Tk 172.4 million in the first quarter of this year for higher interest payment on deposits and shrinking income from the stock market. The company, which is focused on home loans, witnessed its interest payment and operating expenses g
Stocks extended the winning streak for the fourth straight session on Monday, with turnover crossing Tk 10 billion mark after three months, as buoyant investors kept their buying spree on lucrative shares. The investors’ enthusiasm sustained, as the institutional investors were putting fresh
Stocks opened higher on Monday with modest volatility, as optimistic investors continued to bet on lucrative large-cap shares in anticipation of short-term gain. Market operators said the buyers remained predominant as bargain hunters continued taking positions in the potentially lucrative shares.
More than half of the listed banks posted a double-digit profit growth in 2023 as their net interest income surged up to 92 per cent, owing to the removal of the interest rate cap. The foreign exchange gain was not as overwhelming during the year, but net interest income, the core source o
Stocks closed higher on Sunday as bargain hunters betted on lucrative large-cap shares in anticipation of a potential turnaround following regulatory interventions. The recovery was also supported by higher than expected earnings declarations from many companies, as well as regulatory intervention
Stocks opened higher on Sunday as bargain hunters bet on lucrative large-cap shares in anticipation of a potential turnaround after regulatory intervention. The market recovery was also supported by higher than expected earnings declaration of many companies and regulatory intervention to stop fur
CAPM Company Limited has declared the Net Asset Value (NAV) of CAPM Unit Fund. The total NAV of CAPM Unit Fund stood at Tk 116,924,208.48 on the basis of cost price and Tk 95,905,307.31 on the basis of market price at the close of the operations on May 02. The NAV per unit at cost price and marke
Most of the listed cement manufacturers have witnessed a moderate profit growth year on year in the July-March period of the fiscal year 2024, buoyed by diminished foreign exchange loss following the return of stability in the currency exchange rates. While the companies demonstrated mixed perform
