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The Financial Express

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BB removes ONE Bank chairman over loan delinquency

BB removes ONE Bank chairman over loan delinquency

-- 2020-07-06 20:26:15

Bangladesh Bank has removed ONE Bank Chairman Sayeed Hossain Chowdhury over bad loans tied to one of his companies. The episode of delinquency stems from his loans from Standard Bank. The loans borr...

Stocks rebound amid rising turnover

Stocks rebound amid rising turnover

FE ONLINE REPORT 2020-07-06 14:32:09

Stocks rebounded on Monday with soaring turnover as some investors went on buying binge riding on the regulatory move for ensuring mandatory shareholding rules. The stock market regulator has asked 6...

BSEC gets tough on minimum shareholding

BSEC gets tough on minimum shareholding

FE ONLINE REPORT 2020-07-06 12:04:23

The stock market regulator has asked 61 directors of 22 listed companies to ensure a minimum 2.0 per cent shares in their own companies within 45 days to continue their directorship. The Bangladesh S...

Asia shares climb as China blue chips hit five-year peak

Asia shares climb as China blue chips hit five-year peak

REUTERS 2020-07-06 11:41:36

Asian shares scaled four-month peaks on Monday as investors counted on super-cheap liquidity and fiscal stimulus to sustain the global economic recovery, even as surging coronavirus cases delayed re-o...

Stocks down at opening on DSE, CSE

Stocks down at opening on DSE, CSE

FE ONLINE REPORT 2020-07-06 11:09:29

Stocks witnessed a downward trend in early trading on Monday with turnover remaining low as investors mostly followed cautious stance amid worsening pandemic situation in the country. Within 30 minut...

Phoenix Insurance, Phoenix Finance declare dividend 

Phoenix Insurance, Phoenix Finance declare dividend 

FE ONLINE REPORT 2020-07-06 10:44:01

The board of directors of Phoenix Insurance Company, and Phoenix Finance & Investment have recommended dividend for the year ended on December 31, 2019, according to separate official disclosures...

BSEC moves to formulate transaction rules for perpetual bonds

BSEC moves to formulate transaction rules for perpetual bonds

FE Report 2020-07-06 10:10:48

The securities regulator has moved to formulate rules for transactions of all perpetual bonds through the main trading platforms of the stock exchanges. The Bangladesh Securities and Exchange Commi...

Stocks edge down amid low turnover

Stocks edge down amid low turnover

FE ONLINE REPORT 2020-07-05 14:06:48

Stocks edged lower on Sunday as investors remained cautious amid ongoing pandemic situation and floor price limitation. DSEX, the key index of the Dhaka Stock Exchange (DSE), went down by 5.21 points...

Four insurers declare dividend 

Four insurers declare dividend 

FE ONLINE REPORT 2020-07-05 11:27:38

The board of directors of four insurance companies have recommended dividend for the year ended on December 31, 2019, according to separate official disclosures on Sunday. The companies are-- Eastlan...

Bourses see downward trend at opening

Bourses see downward trend at opening

FE ONLINE REPORT 2020-07-05 11:01:05

Stocks saw a downward trend in early trading on Sunday with turnover remaining low as investors mostly followed cautious stance amid worsening pandemic situation in the country. Within 30 minutes of...

Weekly review: DSE turnover sees exponential rise

Weekly review: DSE turnover sees exponential rise

-- 2020-07-04 10:10:14

Stocks posted a modest gain in the outgoing week with turnover hitting nine years high thanks to huge block transactions of GlaxoSmithKline Bangladesh shares. Week-on-week, DSEX, the key index of the...

BO accounts decline 9.0pc in outgoing fiscal year

BO accounts decline 9.0pc in outgoing fiscal year

Babul Barman 2020-07-04 09:58:19

The number of beneficiary owners' (BO) accounts dropped 9.10 per cent in the outgoing fiscal year (FY) 2019-20 due to non-payment of annual renewal fees, strict regulatory move and depressed capital...

DSE for allowing TREC to firm having minimum 100m paid-up capital

DSE for allowing TREC to firm having minimum 100m paid-up capital

FE ONLINE REPORT 2020-07-03 11:10:16

Dhaka Stock Exchange (DSE) has recommended allowing a trading right entitlement certificate (TREC) to a company having a paid-up capital of Tk 100 million. It also recommended a registration fee of T...

GSK to be named Unilever Consumer Care

GSK to be named Unilever Consumer Care

FE REPORT 2020-07-03 10:40:58

The listed company GlaxoSmithKline (GSK) Bangladesh will be named as 'Unilever Consumer Care' soon, a disclosure said. The company's name is going to be changed following the acquisition of GSK Bangl...

Stocks end first session of new fiscal year on negative note

Stocks end first session of new fiscal year on negative note

FE ONLINE REPORT 2020-07-02 15:30:30

Stocks ended slightly lower on Thursday, the first session of the new fiscal year (FY21), as investors were mostly cautious due to worsening pandemic situation and floor price limitation. DSEX, the k...

Stocks open new fiscal year lower

Stocks open new fiscal year lower

-- 2020-07-02 11:37:15

Stocks witnessed a downward trend in early hours of trading on Thursday, the first session of the fiscal year (FY) 2020-21, as investors mostly followed the cautious stance. DSEX, the prime index of...

DSEX tumbles 26pc in outgoing fiscal year

DSEX tumbles 26pc in outgoing fiscal year

BABUL BARMAN 2020-07-02 10:01:20

The stock market passed yet another gloomy year as the core index of the Dhaka Stock Exchange (DSE) eroded more than 26 per cent in the outgoing Financial Year (FY) 2019-20. After the stock market cr...

Floor price now applicable for newly-listed companies

Floor price now applicable for newly-listed companies

FE Report 2020-07-02 09:48:18

The opening prices of the shares of newly-listed companies will be their floor prices after commencing trading on the bourses. The Bangladesh Securities and Exchange Commission (BSEC) has set the f...

Asian stocks rise on vaccine hopes, eyes on US payrolls

Asian stocks rise on vaccine hopes, eyes on US payrolls

REUTERS 2020-07-02 09:48:05

Asian stocks tracked Wall Street higher on Thursday although sentiment was cautious ahead of US employment data while copper prices jumped to more than six-month highs on a better global outlook and s...

MTB, Southeast Bank declare dividend

MTB, Southeast Bank declare dividend

FE ONLINE REPORT 2020-07-01 10:46:25

The board of directors of two more banks – Mutual Trust Bank and Southeast Bank Ltd - has recommended dividends for the year ended on December 31, 2019, according to separate official disclosure...

Shimanto Bank AGM approves dividend

Shimanto Bank AGM approves dividend

FE REPORT 2020-07-01 09:50:30

The 4th Annual General Meeting (AGM) of Shimanto Bank was held on Monday through a digital platform. The meeting was presided over by the Director General of Border Guard Bangladesh and Chairman of t...

Most listed banks' EPS up in Q1

Most listed banks' EPS up in Q1

BABUL BARMAN 2020-07-01 09:41:24

Earnings per share (EPS) of most of the listed banks marked rise in the first quarter (Q1) for January-March, 2020 compared to the same quarter of the previous year despite Covid-19 pandemic. EPS is...

BSEC seeks banks' reports on spl funds   

BSEC seeks banks' reports on spl funds  

MOHAMMAD MUFAZZAL 2020-07-01 09:37:14

The securities regulator has sought information from all listed and four non-listed banks regarding their formation of special funds worth Tk 2.0 billion each as announced earlier to support the capit...

Stocks edge higher on last session of FY20

Stocks edge higher on last session of FY20

FE ONLINE REPORT 2020-06-30 15:29:15

Stocks ended marginally higher on Tuesday, the last session of the fiscal year (FY) 2019-20, as some investors showed their appetite based on the quarterly earnings disclosures. DSEX, the key index o...

Bank Asia to form subsidiary for digital banking

Bank Asia to form subsidiary for digital banking

FE Online Report 2020-06-30 11:46:36

The board of directors of Bank Asia Ltd has decided to form a subsidiary company to conduct digital banking activities subject to obtaining necessary approval from regulators. The board of the bank h...

Stocks open higher, turnover remains low

Stocks open higher, turnover remains low

FE ONLINE REPORT 2020-06-30 11:01:44

Stocks saw marginal gain in early trading on Tuesday with turnover remaining low as investors mostly followed cautious stance amid worsening pandemic situation in the country. Within 30 minutes of tr...

Six cos for removing LR Global from managing two MFs

Six cos for removing LR Global from managing two MFs

Mohammad Mufazzal 2020-06-30 10:05:28

Six institutions have sought the regulatory intervention for removing an asset management company (AMC) from its job of managing two closed-end mutual funds (MFs). The institutions have urged the sec...

Sonali Paper to make debut on DSE main market July 2

Sonali Paper to make debut on DSE main market July 2

FE ONLINE REPORT 2020-06-29 15:53:22

Sonali Paper & Board Mills Ltd will start trading on the Dhaka Stock Exchange main market from July 2, after remaining in the over-the-counter (OTC) market since 2009. The DSE in 2009 transferred...

Bourses post marginal gains amid cautious trading

Bourses post marginal gains amid cautious trading

FE ONLINE REPORT 2020-06-29 15:03:37

Stocks posted marginal gains on Monday though investors mostly followed cautious stance amid pandemic fears and floor price limitation. DSEX, the key index of the Dhaka Stock Exchange, went up by 7.4...

Asia stocks retreat as virus threatens economic reopening

Asia stocks retreat as virus threatens economic reopening

REUTERS 2020-06-29 12:08:32

Asian share markets began the week with a cautious tone on Monday as the relentless spread of the coronavirus finally made investors question their optimism on the global economy, benefiting safe harb...