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The Financial Express

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DSE market cap sheds Tk 328b in three months

Babul Barman April 24, 2020 11:18:38

The market capitalisation of Dhaka Stock Exchange lost Tk 328 billion in just three months of the year as the Covid-19 pandemic wreaked havoc on stocks. The total market cap of the prime bourse was...

BATB announces 400pc cash dividend

FE ONLINE DESK April 24, 2020 11:13:36

The 47th Annual General Meeting (AGM) of British American Tobacco Bangladesh Company Limited (BAT Bangladesh) was held on Wednesday, said a statement. To avoid public gathering during drastic times o...

Asian shares fall on coronavirus drug, economic damage concerns

REUTERS April 24, 2020 09:50:04

Asian shares and US stock futures fell on Friday, spurred by doubts about progress in the development of drugs to treat COVID-19 and new evidence of US economic damage caused by the coronavirus pandem...

Bourses to remain shut until May 5

FE Online Report April 23, 2020 19:12:31

The country’s two bourses will remain closed until May 5 as the government further extended the ongoing holidays to contain the spread of deadly coronavirus. The government has further extended...

BMBA places three proposals

FE Report April 23, 2020 09:24:43

Bangladesh Merchant Bankers Association (BMBA) has made three proposals including exemption of submitting monthly statements due to closure of the offices of market intermediaries. The BMBA has sub...

BSEC passes five years to finalise rules on MF

Mohammad Mufazzal April 23, 2020 09:19:28

The long-waited amendment to the rules of mutual funds (MFs) gathers dust for more than five years since the securities regulator approved the draft rules to bring disciplines in the MF industry. A...

GP revenue sees 3.7pc growth in Q1 of 2020

FE ONLINE DESK April 23, 2020 09:17:13

Grameenphone Ltd reported total revenues of BDT 36.2 billion for the first quarter of 2020, registering a 3.7 per cent growth from the same period last year. The operator also ended the quarter with...

Facebook to buy 10pc stake in India's Reliance

Reuters April 22, 2020 11:58:06

Facebook will buy a 10 per cent stake in the digital business of India’s Reliance Industries for $5.7 billion, as the social media firm looks to leverage its highly popular WhatsApp chat service...

Most listed food & allied companies' earnings dip

Babul Barman April 22, 2020 09:17:58

Earnings of most of the listed food & allied sector companies plunged in July-December, 2019 compared to the same period of the previous year. Market analysts said many companies are counting fur...

Cement cos for allowing gradual installments to pay gas, power bills and taxes

FE Report April 22, 2020 08:58:03

Cement manufacturers have urged the government to facilitate them creating the scope of gradual installments to pay the bills of gas and electricity and other taxes for July to December. Bangladesh...

GP approves 130pc cash dividend

FE ONLINE DESK April 22, 2020 08:54:17

The 23rd Annual General Meeting (AGM) of Grameenphone Ltd was held on Tuesday. In compliance with the directives set by the Bangladesh Securities and Exchange Commission and considering the health...

Crude costs money again after shock crash, stocks stay in doldrums

REUTERS April 21, 2020 13:26:15

US crude oil bounced back into positive territory on Tuesday, but a historic plunge below zero rattled investors and triggered the steepest drop in Asian stock markets in a month. Traders could not g...

Listed companies holding AGMs online

FE Report April 21, 2020 10:41:19

Some listed multinational companies (MNCs) including Grameenphone will hold their annual general meeting (AGM) through digital platform avoiding public gathering to contain COVID-19 infection. The mo...

Nialco Alloys to go public

Mohammad Mufazzal April 21, 2020 10:23:52

Nialco Alloys, a manufacturer of grade bronze and brass ingots, is awaiting the regulatory consent to raise a capital worth Tk 100 million from the SME Board of the Chittagong Stock Exchange (CSE)....

DSE directors at loggerheads over new membership

Mohammad Mufazzal April 20, 2020 11:16:11

The directors of Dhaka Stock Exchange (DSE) are at loggerheads over a regulatory move taken to issue new TREC (Trading Right Entitlement Certificate) required to conduct trading business by aspirant l...

Asia shares turn quietly cautious, US crude crushed

REUTERS April 20, 2020 11:09:13

Caution gripped Asian share markets on Monday on expectations a busy week of corporate earnings reports and economic data will drive home the damage done by the global virus lockdown, while a glut of...

Market review: DSE core index rides on large-cap companies

Mohammad Mufazzal April 18, 2020 08:59:25

Large cap companies having notable impact on key index played a pivotal role behind the rise of broad index which crossed 4000-point mark in five sessions conducted before the closure of DSE. The sha...

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Existing infrastructure not supportive to resume stock trading

Mohammad Mufazzal April 17, 2020 09:16:07

Existing infrastructures and limited banking service do not support the continuation of trading in the capital market amid ongoing lockdown enforced by the government to contain the spread of COVID-19...

DSE market PE ratio hits 10-year low

Babul Barman April 16, 2020 09:17:07

The overall market price-earnings ratio of Dhaka Stock Exchange reached rock bottom at 10.58, a 10 years low as of March 25 this year amid free-fall of stock prices. The ratio, which is the current m...

Asian shares take a breather

Reuters April 15, 2020 13:11:31

Asian share markets took a breather on Wednesday as warnings of the worst global recession since the 1930s underlined the economic damage already done even as some countries tried to re-open for busin...

Asia shares seen higher but economic woes may cap gains

REUTERS April 14, 2020 11:28:33

Asian stocks were set for a modest bounce on Tuesday as US stock futures edged higher, although fears the coronavirus could drag on the global economy for months are likely to temper investor confiden...

Bearish market: One-fourth issues below face value

Babul Barman April 14, 2020 09:51:19

The year-long depressed capital market trend sent at least one-fourth issues below their face value of Tk 10 in the Dhaka Stock Exchange. According to DSE data, some 92 issues, including 35 mutual fu...

DSE looks into legal notice served by stock brokers

FE Report April 14, 2020 09:44:14

Dhaka Stock Exchange (DSE) has moved to look into the legal notice served by its brokers challenging the exchange's opinion already submitted on the draft rules formulated for issuing new TREC to th...

DSE Brokers serves legal notice to DSE board

FE Online Report April 13, 2020 11:30:21

The DSE Brokers Association has sent a legal notice to the DSE board, claiming the bourse has given the consent to the draft rules on issuing new TREC licence ignoring the interest of the DSE members...

Closure of DSE puts mkt's reputation at stake

FE DESK REPORT April 13, 2020 09:41:51

An international institutional investor has demanded resumption of trading on Bangladesh's stock market. "The indefinite closure of the Dhaka Stock Exchange (DSE) and the Bangladesh SEC's circular in...

DSE director demands financial bailout package for bourse

FE Report April 13, 2020 09:39:25

A director of Dhaka Stock Exchange (DSE) has demanded financial package along with waiving tax at source from brokerage commission. DSE director Minhaz Mannan Emon made the demand as the market recen...

Sector-wise turnover: Pharma cos rule the roost

Mohammad Mufazzal April 12, 2020 09:32:45

The country's capital market was mainly driven by pharmaceuticals and chemicals sector in March following investors' increased participation in share transactions. On the trading sessions executed...

Company profile: GSK posts ever highest EPS in 2019

Babul Barman April 12, 2020 09:23:00

GlaxoSmithKline Bangladesh Ltd has posted the ever highest earnings per share in 2019 thanks to closure of its unprofitable pharmaceuticals business in Bangladesh. The UK-based pharmaceuticals giant...

Most listed cement makers' earnings slump

Babul Barman April 11, 2020 09:06:44

Earnings of most of the listed cement manufacturers slumped in the recent quarters compared to the same period in the previous year. Out of the seven cement makers listed on the Dhaka Stock Exchange,...