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The Financial Express

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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...

Bourses edge higher amid thin participation

Bourses edge higher amid thin participation

FE ONLINE REPORT 2020-06-29 10:52:08

Stocks witnessed marginal gain in early trading on Monday as investors mostly followed cautious stance amid worsening pandemic situation in the country. Within 30 minutes of trading, DSEX advanced mo...

Five more listed banks declare dividend

Five more listed banks declare dividend

FE ONLINE REPORT 2020-06-29 10:36:02

The board of directors of five more listed banks have recommended a dividend between 5.0 per cent and 13 per cent for the year ended on December 31, 2019. The banks are: Al-Arafah Islami Bank, United...

Marico launches another product

Marico launches another product

FE DESK REPORT 2020-06-29 10:13:28

Marico Bangladesh Limited, the FMCG giant in the country, has stepped into vegetable and fruit hygiene category products by recently launching Mediker SafeLife Veggie Wash vegetable and fruit hygiene...

IDLC approves 35pc cash dividend

IDLC approves 35pc cash dividend

FE DESK REPORT 2020-06-29 10:08:26

The 35th Annual General Meeting (AGM) of the shareholders of IDLC Finance Limited was held on Saturday virtually by using digital platform in compliance with the directives set by Bangladesh Securitie...

DSE, regulator to secure Crest clients' investment

DSE, regulator to secure Crest clients' investment

FE Report 2020-06-29 09:45:01

The premier bourse and the securities regulator will ensure the security of the investments and funds of the clients of Crest Securities. Dhaka Stock Exchange (DSE) on Sunday said this at a press bri...

DSE turnover hits 25 billion mark riding on block trade

DSE turnover hits 25 billion mark riding on block trade

FE ONLINE REPORT 2020-06-28 15:15:47

Daily trade turnover on Dhaka Stock Exchange (DSE) scaled a Tk 25 billion mark on Sunday, for the first time in nine and a half years, riding on the block transaction of GlaxoSmithKline shares. SETFI...

Two more banks recommend dividend

Two more banks recommend dividend

FE ONLINE REPORT 2020-06-28 13:12:30

The board of directors of two more banks - Social Islami Bank Ltd (SIBL) and ONE Bank Ltd - have recommended dividend for the year ended on December 31, 2019, according to separate official disclosure...

Stocks nearly flat at opening amid low turnover

Stocks nearly flat at opening amid low turnover

FE ONLINE REPORT 2020-06-28 10:59:25

Stocks remained almost flat in the early trading on Sunday as investors followed a cautious stance amid worsening pandemic situation in the country. Within 30 minutes of trading, DSEX, the key index...

Islami Bank’s net profit down 13pc in 2019

Islami Bank’s net profit down 13pc in 2019

FE Online Report 2020-06-28 10:46:48

Islami Bank Bangladesh’s net profit after tax fell 13.14 per cent year-on-on-year for the year ended on December 31, 2019 The board of directors of the bank in a meeting held on Saturday throug...

BSEC takes a tough line on IPO scrutiny

BSEC takes a tough line on IPO scrutiny

FE REPORT 2020-06-28 10:40:17

The securities regulator is scrutinising the IPO proposals very carefully for the sake of investors and the capital market. "Companies willing to go public have no scope of getting the regulatory app...

Bangladesh Submarine Cable's EPS jumps 61pc

Bangladesh Submarine Cable's EPS jumps 61pc

FE REPORT 2020-06-27 11:12:32

Bangladesh Submarine Cable Company's earnings per share (EPS) rose 61 per cent year-on-year in nine months that ended in March, 2020 as revenue increased during the period under review. The board of...

Weekly Review: Stocks post modest gain amid virus scare

Weekly Review: Stocks post modest gain amid virus scare

Babul Barman 2020-06-27 11:10:37

Stocks posted a modest gain in the outgoing week although investors were mostly inactive throughout the week due to pandemic fears and floor price limitation. Week-on-week, DSEX, the key index of the...

Crest Securities clients' worries deepen

Crest Securities clients' worries deepen

MOHAMMAD MUFAZZAL 2020-06-27 09:32:04

The volume of investors' fund, allegedly, embezzled by the owners of the Crest Securities Ltd., a member of the Dhaka Stock Exchange (DSE), could be sizeable, sources said. The brokerage firm, acco...

Faulty policy might offset govt bid to develop bond market

Faulty policy might offset govt bid to develop bond market

-- 2020-06-26 20:17:22

The government's move to develop a strong bond market to provide long-term financing through giving some amenities in the proposed budget for 2020-21 fiscal might not bring any positive change due to...

Unilever Overseas Holdings to purchase 82pc shares of GSK

Unilever Overseas Holdings to purchase 82pc shares of GSK

FE Report 2020-06-26 09:50:42

Unilever Overseas Holdings B.V. will purchase 82 per cent shares of GlaxoSmithKline (GSK) Bangladesh which is listed on both the stock exchanges of Bangladesh. According to a corporate disclosure, Un...