Stocks extended gains for the sixth consecutive week, with the prime index of the Dhaka bourse hitting three-month high, as buoyant investors continued their buying spree surrounding the upcoming earnings and dividend declaration season. Along with improving some key macroeconomic indicators, the
Uttara Bank experienced a 59 per cent tumble in earnings year-on-year in April-June (Q2) of the calendar year 2025 following a sudden increase in provision requirement. Strict disciplinary measures by the central bank led to increased provisioning in both Q2 and H1 through June this year, company
Despite a decline in revenue, the country's leading telecom operator Grameenphone secured a marginal year-on-year growth of 2.07 per cent in profit to Tk 8.79 billion in April-June (Q2) this year. A reduction in income tax expenses mainly helped the company manage the marginal profit growth in Q2
The securities regulator has asked LR Global Bangladesh Asset Management Company to withdraw "illegitimate" investments worth Tk 490 million from online media platform bdnews24.com, made by diverting cash from six mutual funds. The asset manager has 30 days to comply with the order issued by the B
Renata's export horizon will expand further as it has secured approval of the European Union months after an audit by European auditors of one of its production units. In a stock exchange filing on Wednesday, the listed drug maker disclosed that its Rajendrapur production unit had received Europea
Futures tracking the S&P 500 and the Nasdaq fell on Wednesday as signs that US tariff policies were clouding corporate outlooks and spurring inflation weighed on record-high markets. US semiconductor equipment makers were down after ASML warned it may not achieve growth in 2026 because of US tarif
The capital market regulator has initiated action against Prime Finance and Investment Limited, a listed non-bank financial institution (NBFI), and its two subsidiaries over a Tk 2.96 billion money laundering case. In a press release issued on Monday, the Bangladesh Securities and Exchange Commiss
The SME board of the Dhaka Stock Exchange (DSE) has witnessed a steep fall in both its broad index and turnover value over the past year, driven by sharp corrections in the market prices of listed securities. On July 16 last year, the broad DSMEX index stood at 1,540 points. Since then, the index
The stock market watchdog has finally decided to take stern actions against all individuals responsible for the scam tied to the 2019 IPO of Ring Shine Textiles. In a press release issued on Monday, the Bangladesh Securities and Exchange Commission (BSEC) said it had decided to involve the Anti-Co
The country's capital market lacks an underlying policy framework, which is why it has failed to thrive and play its intended role in the economy, speakers said at a discussion on Monday. So, policy guidelines have to be fixed before moving ahead with restructuring and developing the market, they
Global Islami Bank (GIB) may have to backtrack on its decision to pay cash dividends to shareholders for 2023 after a correction in its balance sheet, showing a hefty loss in the year instead of previously-claimed profits. It had announced a 10 per cent dividend for the year. In a disclosure on Su
The securities regulator has banned top two executives of two issue management companies from any capital market activities for five years due to their involvement in the IPO of the scam-hit Ring Shine Textiles. The Bangladesh Securities and Exchange Commission (BSEC) has issued two separate order
After narrowly escaping a liquidity collapse triggered by massive loan irregularities linked to the S Alam Group, Islami Bank Bangladesh PLC is now on a determined path to reclaim its past glory -- aiming to become the country's leading commercial bank once again. In an exclusive interview with Th
