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The Financial Express

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Weekly market review: Stocks advance for second week

Weekly market review: Stocks advance for second week

BABUL BARMAN 2022-08-27 10:52:46

Stocks notched a second week of gains, as investors started coming off the sidelines to join the market rally, optimistic about improved economic outlook in coming days. Out of the five trading days...

Prospect of receiving soft ADB loans dims

Prospect of receiving soft ADB loans dims

FHM HUMAYAN KABIR 2022-08-27 08:07:42

Bangladesh's performance in major sectors has not improved in latest Asian Development Bank (ADB) assessment, officials say, thus weakening its prospect of receiving concessional funds from the lend...

Asia Cup 2022: India hot favourites, Bangladesh heavy underdogs

Asia Cup 2022: India hot favourites, Bangladesh heavy underdogs

Neel Rahman 2022-08-26 18:00:47

After knocking on the doors for a long and creating a hailstorm in Bangladesh’s cricket fraternity, the 2022 Asia Cup is finally here, and Hong Kong were the last team to qualify. India, Pakist...

Bangladesh mulls alternative transactions to import commodities from Russia

Bangladesh mulls alternative transactions to import commodities from Russia

-- 2022-08-25 20:11:52

Bangladesh has been weighing options to make payments for commodities it seeks to import from Russia after Moscow was banned from using the SWIFT payment system, the most popular international payment...

BB implements Tk 250b loan package for small entrepreneurs 

BB implements Tk 250b loan package for small entrepreneurs 

-- 2022-08-25 18:57:07

The small entrepreneurs in the cluster-based manufacturing industries will get 5-year term loans with flexible conditions from the Tk 250 billion special refinance scheme of Bangladesh Bank.  Th...

BB creates Tk 1.0b refinance scheme for wheat, maize growers

BB creates Tk 1.0b refinance scheme for wheat, maize growers

-- 2022-08-25 18:48:27

Bangladesh Bank (BB) has formed a refinancing scheme of Tk 1.0 billion for wheat and maize cultivators in a bid to increase the yield of the food grains and reduce the country's dependency on imports....

Stocks rebound strongly as turnover soared

Stocks rebound strongly as turnover soared

FE ONLINE REPORT 2022-08-25 15:55:58

Stocks rebounded strongly on Thursday, snapping a single-day break, as buoyant investors put fresh funds on selective large-cap shares. The market opened higher and the upbeat trend continued until t...

BSEC refuses First Security Bank’s rights offer

BSEC refuses First Security Bank’s rights offer

FE ONLINE REPORT 2022-08-25 12:22:43

The Bangladesh Securities and Exchange Commission (BSEC) has rejected First Security Islami Bank’s rights offer application. ‘BSEC is not in a position to consider the application for app...

Stocks open higher after single-day break

Stocks open higher after single-day break

FE ONLINE REPORT   2022-08-25 11:08:22

Stocks opened higher on Thursday, after a single-day break, as optimistic investors put fresh bets on lucrative shares. Following the previous day’s correction, DSEX, the prime index of the DSE...

Share price of Metro Spinning jumps 39pc in seven days

Share price of Metro Spinning jumps 39pc in seven days

FE REPORT 2022-08-25 10:40:21

Metro Spinning, a listed company, has seen its share price rising 'abnormally' even though there was no undisclosed price sensitive information (PSI) behind such a price surge. The company's share pr...

Bangladesh, Malaysia will work for developing digital economy, says Palak 

Bangladesh, Malaysia will work for developing digital economy, says Palak 

-- 2022-08-24 21:30:52

State Minister for ICT Division Zunaid Ahmed Palak today said that the governments of Bangladesh and Malaysia will work more intensively together to develop a digital economy, and invest in IT skills...

Revenue collection posts 15pc growth in July 

Revenue collection posts 15pc growth in July 

-- 2022-08-24 21:06:27

The revenue collection by the National Board of Revenue (NBR) witnessed a healthy growth of 15 per cent in the first month (July) of the current fiscal year (FY23) fetching Tk 175.20 billion.  T...

Capital market must be protected from rumours: BMBA president

Capital market must be protected from rumours: BMBA president

FE ONLINE REPORT 2022-08-24 20:40:29

The capital market must be protected from rumours as the stock market is affected by misleading information, president of Bangladesh Merchant Bankers Association of Bangladesh (BMBA) Md Sayadur Rahman...

Stocks break six-day winning streak

Stocks break six-day winning streak

FE ONLINE REPORT 2022-08-24 15:27:25

Stocks slipped into the red on Wednesday, snapping a six-day gaining streak, as the risk-averse investors went on sector-wise issues amid revised trading hours. Trading on the bourses started at 9:30...

Stocks fall at opening amid revised trading hours

Stocks fall at opening amid revised trading hours

FE ONLINE REPORT 2022-08-24 12:03:55

Stocks opened marginally lower on Wednesday as the cautious investors booked some profit on quick-gaining issues amid the revised trading hours. Trading on the bourses started at 9:30am from today wh...

Share prices of three cos rising 'abnormally'

Share prices of three cos rising 'abnormally'

FE REPORT 2022-08-24 10:05:43

Share prices of three more companies -- Orion Infusion, Paper Processing & Packaging and Kay & Que (Bangladesh) -- have been soaring 'abnormally' even as there is no undisclosed price sensitiv...

ERD requests WB to confirm budgetary-support credit early

ERD requests WB to confirm budgetary-support credit early

FHM HUMAYAN KABIR 2022-08-24 08:20:07

Bangladesh government has requested the World Bank (WB) to confirm a budgetary-support loan worth US$1.0 billion and release the second tranche of a loan, approved earlier, expeditiously to help it na...

DSE MD Tarique Amin Bhuiyan resigns

DSE MD Tarique Amin Bhuiyan resigns

FE ONLINE DESK 2022-08-23 21:56:13

Managing Director of Dhaka Stock Exchange Ltd (DSE) Tarique Amin Bhuiyan has resigned from his post. He submitted his resignation letter to the DSE Chairman Md. Eunusur Rahman on Tuesday, sources at...

Dollar manipulation: BB summons account details of 28 exchanges

Dollar manipulation: BB summons account details of 28 exchanges

-- 2022-08-23 21:44:20

Bangladesh Bank (BB) has summoned bank account details of 28 money exchange houses in connection with illegal dollar trading and money laundering.  The BB officials have inspected 100 exchange h...

Afif's batting order and BCB's lack of modern cricketing strategies

Afif's batting order and BCB's lack of modern cricketing strategies

Ahnaf Wazed Khan 2022-08-23 18:56:15

Bangladesh are going for the Asia Cup T20 with plenty of injury problems. This forced them to take only two openers in the squad. Also, it gave them the scope to try something new. Some rumours were...

Ms Trendy Textiles to invest $39m in DEPZ 

Ms Trendy Textiles to invest $39m in DEPZ 

-- 2022-08-23 18:08:11

Bangladeshi company Ms Trendy Textiles Limited is going to establish a knit composite textile industry in Dhaka EPZ.  This fully Bangladeshi owned company will invest US$ 38.99 million where 299...

Stocks extend rally amid higher participation

Stocks extend rally amid higher participation

FE ONLINE REPORT 2022-08-23 16:33:15

Stocks extended their rally for the sixth straight sessions Tuesday, with turnover hitting a fresh seven-month high, thanks to higher participation of general investors. The market opened higher and...

Bangladesh shifts stock trading hours in line with energy-saving measure

Bangladesh shifts stock trading hours in line with energy-saving measure

-- 2022-08-23 15:03:39

Stock market trading hours have been changed in line with the working hours of banks and government offices as Bangladesh faces an energy crunch. From Wednesday, the country’s two stock exchang...

DSE, CSE open higher amid investors’ optimism

DSE, CSE open higher amid investors’ optimism

FE ONLINE REPORT 2022-08-23 11:50:37

Stocks opened higher on Tuesday as the buoyant investors put fresh bets on stocks amid growing confidence in the market. Following the previous day’s upturn, DSEX, the prime index of the DSE, w...

Navana Pharma's IPO opens Sept 13

Navana Pharma's IPO opens Sept 13

FE REPORT 2022-08-23 09:56:37

The initial public offering (IPO) of Navana Pharmaceuticals is set to open for subscription on September 13, aiming to raise Tk 750 million under the book-building method. The IPO can be subscribed t...

Austerity may save Tk 350b

Austerity may save Tk 350b

SYFUL ISLAM 2022-08-23 08:26:43

Global crisis-driven austerity measures taken during last couple of months may save Bangladesh an estimated Tk 350 billion, thus cushioning the exchequer against the sort of severe financial crises...

PM invites Qatar to invest in Bangladesh’s economic zones

PM invites Qatar to invest in Bangladesh’s economic zones

-- 2022-08-22 19:22:48

Prime Minister Sheikh Hasina on Monday urged Qatar’s businesspeople and entrepreneurs to invest in Bangladesh’s Special Economic Zones. She also sought more cooperation from Qatar in impo...

DSE daily turnover hits seven-month high

DSE daily turnover hits seven-month high

FE ONLINE REPORT 2022-08-22 16:19:37

Daily trade turnover on Dhaka Stock Exchange (DSE) hit a fresh seven months high on Monday as investors put fresh bets on stocks. Turnover, a crucial indicator of the market, stood at Tk 14.78 billio...

Should Bangladesh take a step back to go forward?

Should Bangladesh take a step back to go forward?

Ahnaf Wazed Khan 2022-08-22 15:08:00

The recent series against Zimbabwe has again shown Bangladesh's incompetency as a T20 side. Somehow, this team is looking reluctant to improve in this format and clueless about finding ways to improve...

DSE, CSE open higher amid optimism

DSE, CSE open higher amid optimism

FE ONLINE REPORT 2022-08-22 11:42:41

Stocks opened higher on Monday as the buoyant investors continued their buying interest in sector-wise issues anticipating positive momentum ahead. Following the previous day’s upturn, DSEX, th...