Search results for: Stock

Widen tax gap by 15pc to lure more cos to market; DSE, CSE & merchant banks

FE REPORT 2023-02-13 09:18:10

Stock exchanges and the merchant bankers association urged the National Board of Revenue (NBR) to widen the tax rate gap between listed and non-listed companies to encourage good companies to join the...

Shipping Corp's sole right to handle state imports sends stock flying

BABUL BARMAN 2023-02-13 09:16:50

State-run Bangladesh Shipping Corporation (BSC) soared 18 per cent in just a week as the ocean-going vessel management company won an almost exclusive right to transport government-funded cargoes. Th...

BMBA seeks 15pc tax rate gap between listed, non-listed cos

FE ONLINE REPORT 2023-02-12 13:19:27

The Bangladesh Merchant Bankers Association (BMBA) urged the National Board of Revenue (NBR) for a scope to invest undisclosed money in the capital market with a 5.0 per cent tax to increase the depth...

Morgan Stanley's "special treatment" for Bangladesh sends out warning against illiquidity of assets

Mohammad Mufazzal 2023-02-12 08:46:13

Global investment research firm Morgan Stanley Capital International (MSCI) in its latest quarterly review decided to bring no change in measuring Bangladeshi stocks' performance in its frontier marke...

Foreign investment in govt bonds falters

JASIM UDDIN HAROON 2023-02-12 08:18:23

Bangladesh fails to attract foreign investment in treasury bonds as it has stagnated into a zero sum since 2019, according to official count, mainly for two principal financial factors besides the pan...

Adani crisis deepens with Moody's downgrades and index weighting cuts

FE ONLINE DESK 2023-02-11 12:19:01

Moody's downgraded on Friday the ratings outlook for some Adani Group companies, while MSCI said it would cut the weightings of some in its stock indexes, the latest blows for the Indian conglomerate...

Weekly market review: Profit-booking pulls stock down

FE REPORT 2023-02-11 09:15:57

Stocks extended the losing streak for a second straight week to Thursday as the risk-averse investors opted to book profit on quick-gaining issues while some were busy rebalancing their portfolios bas...

Ten most-traded firms account for 50pc of weekly DSE turnover

FE REPORT 2023-02-11 09:14:06

The ten most-traded firms accounted for 49.42 per cent of the transactions on the Dhaka Stock Exchange (DSE) in the outgoing week, with Genex Infosys dominating the turnover list for a fifth straight...

Govt weighs borrowing with short-term Sukuk

JASIM UDDIN HAROON and SYFUL ISLAM 2023-02-11 08:42:12

Introducing a new short-term Islamic bond styled 'Sukuk' is now under government consideration to meet its momentary requirement of liquidity which has shown negative balance frequently this fiscal ye...

Honda reports 22pc rise in Q3 operating profit

FE ONLINE DESK 2023-02-10 14:30:34

Japan's Honda Motor on Friday posted a better-than-expected 22 per cent rise in third-quarter operating profit, as a weak RBRyen helped offset rising raw material costs and lower vehicle production an...

Yahoo to lay off more than 20pc of staff

FE ONLINE DESK 2023-02-10 10:26:29

Yahoo said on Thursday it plans to lay off more than 20 per cent of its total workforce as part of a major restructuring of its ad tech division, reports Reuters. The cuts will impact nearly 50 per c...

Partial removal of floor price boosts tax receipt from DSE in Jan

FE REPORT 2023-02-10 09:26:46

The government's tax revenue from the Dhaka Stock Exchange (DSE) increased 6.21 per cent to Tk 171 million in January, compared to the month before, as turnover rose significantly following the partia...

Midland Bank reserves 5m shares for employees

FE DESK 2023-02-10 09:25:36

Midland Bank Ltd, which is set to commence IPO subscription in the middle of this month, offers 7.14 per cent shares to its employees under the employees share purchase plan (ESPP). Midland Bank is t...

Disney to cut 7,000 jobs in major revamp

-- 2023-02-09 15:29:07

Walt Disney Co on Wednesday announced a sweeping restructuring under recently reinstated CEO Bob Iger, cutting 7,000 jobs as part of an effort to save $5.5 billion in costs and make its streaming...

GPH Ispat posts back-to-back quarterly losses

FE REPORT 2023-02-09 14:45:17

GPH Ispat Limited suffered losses for a second consecutive quarter this fiscal year, as huge foreign exchange losses and frequent power outages pushed up the cost of production although the steel manu...

BATBC’s net profit jumps 19pc in 2022

FE ONLINE REPORT 2023-02-09 12:55:12

The Board of Directors of British American Tobacco Bangladesh Company has recommended a 100 per cent final cash dividend for the year ended on December 31, 2022. The multinational company declared a...

Stocks witness volatility after two hours of trading

FE ONLINE REPORT 2023-02-09 12:40:36

Stocks opened marginally lower on Thursday amid volatile trading as cautious investors opted for booking profit on quick-gaining issues. Following the previous two day’s rise, DSEX, the prime i...

Alphabet shares dive after Google AI chatbot Bard flubs answer in ad

FE ONLINE DESK 2023-02-09 11:05:54

Alphabet Inc lost $100 billion in market value on Wednesday after its new chatbot shared inaccurate information in a promotional video and a company event failed to dazzle, feeding w...

GPH Ispat suffers losses for two quarters straight due to strong dollar

FE Online Desk 2023-02-08 13:03:57

GPH Ispat Limited has incurred losses for the two consecutive quarters of the ongoing fiscal year 2022-23 despite posting a significant growth in its sales revenue. The steel manufacturer has reporte...

DSE turnover crosses Tk 3.50b-mark after two hours trading

FE ONLINE REPORT 2023-02-08 12:51:35

Stocks opened marginally higher on Wednesday as investors showed their buying interest in sector-specific issues whose financial performance was immune from the recent macroeconomic adversities. Turn...

Little progress in raising paid-up capital by small stocks

MOHAMMAD MUFAZZAL 2023-02-08 09:15:22

More than a year after the securities regulator's directive to small-cap companies to raise their market capital, only a handful of them acted on it and made any progress. The Bangladesh Securities a...

Costlier biscuits boost Bangas' profit by 75pc in Q2

FE REPORT 2023-02-08 09:13:15

Bangas Ltd, which owns some of the best-selling biscuit brands, posted an impressive 75 per cent year-on-year profit growth in the second quarter (Q2) of the FY23. The fast-moving consumer goods comp...

Stocks witness upward trend on large-cap vibe

-- 2023-02-07 17:30:46

Stocks witnessed upward trend on Tuesday as major indices of both Dhaka and Chittagong Stock Exchanges were found rising with higher activities of some large-cap securities. The broader DSEX index of...

Adani group shares rally after $113bn market wipeout

FE ONLINE DESK 2023-02-07 14:08:37

Adani group shares surged on Tuesday, a day after it moved to prepay some loans, in a relief rally for the Indian conglomerate that lost more than $113 billion in market value in two weeks since...

Scam-hit UFS assets lost Tk 2b, higher than reported

Mohammad Mufazzal 2023-02-07 09:11:18

A recent scrutiny reveals that Universal Financial Solutions' (UFS) top executive siphoned off Tk 2.07 billion from scam-hit four unit funds, higher than the reported Tk 1.58 billion. Ahmed Zaker &am...

Midland Bank's IPO subscription begins Feb 16

FE REPORT 2023-02-07 09:08:46

The initial public offering (IPO) subscription of Midland Bank is set to begin on 16 February, aiming to raise Tk 700 million under the fixed price method. The minimum required investment for the gen...

Stocks perform mixed as major indices finish flat

-- 2023-02-06 18:14:18

Stocks performed mixed with major indices finishing flat on Monday. The broader DSEX index of Dhaka Stock Exchange (DSE) closed the day 5.81 points down at 6,280.72. The blue-chip DS30 and Shariah DS...

United Power’s net profits drops 29pc in Q2

FE ONLINE REPORT 2023-02-06 12:27:35

United Power Generation and Distribution Company Limited (UPGDCL) has reported a 29 per cent fall in its net profit year-on-year in the second quarter (Q2) ended December 2022 due to not receiving any...

India's Adani shares see extended sell-off as credit warnings kick in

FE ONLINE DESK 2023-02-06 11:37:58

The sell-off in India's Adani Group's seven listed companies, where more than $110 billion in market value has already evaporated, continued on Monday as a U...

Here's why steel makers are unable to benefit from global price fall

BABUL BARMAN 2023-02-06 09:51:23

Steel manufacturers could not reap any benefit when the prices of raw materials cooled off in the global market in recent months. They could not open letters of credit to buy less expensive materials...