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The Financial Express

Search results for: Stock

Monno Ceramic's corporate director sells 2m shares in a month to repay loans

Monno Ceramic's corporate director sells 2m shares in a month to repay loans

FE REPORT 2023-01-17 10:06:23

Monno Welfare Foundation, one of the corporate directors of Monno Ceramic Industries, is going to sell 200,000 more shares from its holding at the prevailing market price in the block market. The Fou...

Business model keeps state-run sugar mills from making profit

Business model keeps state-run sugar mills from making profit

MOHAMMAD MUFAZZAL 2023-01-17 10:02:51

General shareholders of two state-run sugar mills have no possibility of getting any return in foreseeable future as the mills have been squeezed more and more every year under the weight of losses pi...

Regulator suspends IPO subscription of Asiatic Laboratories

Regulator suspends IPO subscription of Asiatic Laboratories

FE REPORT 2023-01-16 11:15:44

The securities regulator has suspended IPO (initial public offering) subscription of Asiatic Laboratories over the allegations regarding 'over valuation' of assets and 'disputes' in ownership. Bangla...

Eastland Insurance holds annual business confce

Eastland Insurance holds annual business confce

FE DESK 2023-01-16 10:17:26

The Annual Business Conference-2023 of the Eastland Insurance Company Limited was held at DCCI Auditorium in Dhaka's Motijheel on Sunday. Eastland Insurance Chairman Mahbubur Rahman inaugurated the c...

Export boom helps Shinepukur Ceramics stay ahead of peers

Export boom helps Shinepukur Ceramics stay ahead of peers

BABUL BARMAN 2023-01-16 10:15:43

Shinepukur Ceramics has sustained its profit growth, focusing on exports at a time when the domestic demand slumped. Its export jumped 64 percent in the FY22, making the tableware maker the largest e...

US securities regulator lists April for climate rule action

US securities regulator lists April for climate rule action

-- 2023-01-15 10:27:04

The top US securities regulator has cited April as the release date for a long-anticipated rule on companies' climate-related disclosures, according to a recent federal notice, reports Reuters. In...

Recent scams cast doubt on roles played by trustees

Recent scams cast doubt on roles played by trustees

Mohammad Mufazzal 2023-01-15 09:08:28

The trustee shall act on behalf of and in the "exclusive interest of investors" as obliged by the trust deed and law, reads an agreement signed by Sandhani Life Insurance and fund manager Universal...

Asiatic Laboratories IPO opens Monday

Asiatic Laboratories IPO opens Monday

FE REPORT 2023-01-14 10:20:16

The IPO subscription of Asiatic Laboratories -- the first initial public offering of 2023 -- will open on Monday (January 16), aiming to raise Tk 950 million from the capital market under the book-bui...

Weekly market review: Bargain hunting pushes stocks up

Weekly market review: Bargain hunting pushes stocks up

BABUL BARMAN 2023-01-14 10:18:26

Stocks bounced back in the outgoing week that ended on Thursday, with turnover gaining momentum as bargain hunters, buoyed by regulatory moves, chased sector-specific shares. As the two regulators co...

Indonesian businessman fined over $370m for stock manipulation

Indonesian businessman fined over $370m for stock manipulation

FE ONLINE DESK 2023-01-13 10:52:34

An Indonesian corruption court on Thursday found businessman Benny Tjokrosaputro guilty in a stock manipulation case involving state insurance firm Asabri and fined him 5.7 trillion rupiah ($371...

Billion-dollar club: A bigger size could help make market less volatile

Billion-dollar club: A bigger size could help make market less volatile

Mohammad Mufazzal 2023-01-13 08:17:38

In September 2021, Beximco's market capitalisation was around $1.39 billion. Its share traded at Tk 136.30 each and the exchange rate was Tk 83 per dollar. At the time, the company could showcase its...

Insurance sector: FBCCI focuses on regaining client trust

Insurance sector: FBCCI focuses on regaining client trust

FE REPORT 2023-01-13 08:16:10

The apex trade body on Thursday laid stress on the need for regaining customer confidence for the betterment of the insurance sector. The Federation of Bangladesh Chambers of Commerce and Industry (F...

DSE turnover exceeds Tk 5b after a month

DSE turnover exceeds Tk 5b after a month

FE REPORT 2023-01-12 13:44:45

Daily trade turnover on the Dhaka Stock Exchange (DSE) crossed Tk 5 billion-mark after a month on Wednesday as investors chased sector-specific issues in anticipation of quick gains. Turnover, a cruc...

2023 to be year of recovery for market, with external factors well managed

2023 to be year of recovery for market, with external factors well managed

BABUL BARMAN 2023-01-12 13:41:35

The wounds that the stock market suffered last year will heal to some extent this year triggering a process of recovery even if businesses take cautionary approaches, said one of the top brokers in th...

RN Spinning gets permission to merge with Samin Food

RN Spinning gets permission to merge with Samin Food

FE REPOR 2023-01-11 10:11:10

The High Court has granted the merger of publicly-listed RN Spinning Mills with non-listed Samin Food and Beverage Industries and Textile Mills, which is expected to help the former get back to produc...

DSE aims at listing of at least 20 securities to boost trades on ATB

DSE aims at listing of at least 20 securities to boost trades on ATB

MOHAMMAD MUFAZZAL 2023-01-11 10:09:08

The Dhaka Stock Exchange is looking to increase the number of securities listed on the newly-launched Alternative Trading Board to make it vibrant. In doing so, the main board of the stock market ins...

Microsoft in talks to invest $10b in ChatGPT owner

Microsoft in talks to invest $10b in ChatGPT owner

REUTERS 2023-01-10 13:32:29

Microsoft Corp is in talks to invest $10 billion into OpenAI, the owner of ChatGPT, which will value the San Francisco-based firm at $29 billion, Semafor reported on Monday, citing people familia...

Corrupt practices that put strain on 17pc of stock market

Corrupt practices that put strain on 17pc of stock market

BABUL BARMAN 2023-01-10 09:55:49

As many as 66 stocks trade below the face value of Tk 10, 12 of them entering the list in the last one year. They account for as much as 17 per cent of the stock market, a large enough pie to keep th...

DSE organises awareness programme to speed up trading of government securities

DSE organises awareness programme to speed up trading of government securities

FE ONLINE REPORT 2023-01-09 21:09:20

The Dhaka Stock Exchange (DSE) held an awareness programme on Monday titled “The basics of government securities and trading on the stock exchange platform” as part of a series of initiati...

Goldman Sachs to start cutting thousands of jobs midweek

Goldman Sachs to start cutting thousands of jobs midweek

REUTERS 2023-01-09 10:45:24

Goldman Sachs Group will start cutting thousands of jobs across the firm from Wednesday, two sources familiar with the move said, as it prepares for a tough economic environment in the year ahead...

Shares of Ant-linked firms rise after news of Jack Ma ceding control; Alibaba jumps

Shares of Ant-linked firms rise after news of Jack Ma ceding control; Alibaba jumps

FE ONLINE DESK 2023-01-09 09:52:54

Shares of listed Chinese companies that count Ant Group as a major shareholder rose on Monday after announcements that Ant founder Jack Ma is giving up control of the fintech giant following an overha...

Index Agro forecasts double-digit growth this year, riding on rising demand

Index Agro forecasts double-digit growth this year, riding on rising demand

BABUL BARMAN 2023-01-09 09:32:45

Index Agro Industries foresees a double digit growth this year as well, supported by the increasing demand for eggs, meat and chicken. Its revenue rose 13.12 per cent year-on-year to Tk 4.14 bill...

CSE revises Shariah Index, effective from Jan 22

CSE revises Shariah Index, effective from Jan 22

FE ONLINE REPORT 2023-01-08 18:53:25

The Chittagong Stock Exchange (CSE) has reviewed its Shariah --- an index comprised of Shariah-compliant stocks based on performance of the listed companies. The new index will come into effect from...

Universal Financial Solutions appears to have committed another fraud of Tk 500m

Universal Financial Solutions appears to have committed another fraud of Tk 500m

MOHAMMAD MUFAZZAL 2023-01-08 09:42:59

The National Bank Limited (NBL) emerges as a victim of another financial fraud by asset manager Universal Financial Solutions (UFS) Equity Partners as it has failed to track down its investment of...

Jack Ma to relinquish control of Ant Group

Jack Ma to relinquish control of Ant Group

-- 2023-01-07 10:28:18

Ant Group's founder Jack Ma will no longer control the Chinese fintech giant after the firm's shareholders agreed to implement a series of adjustments that will see him give up most of his voting righ...

Pharma sector tops DSE turnover chart

Pharma sector tops DSE turnover chart

FE REPORT 2023-01-07 10:08:56

The ten most-traded companies accounted for almost 41 per cent transactions on the Dhaka Stock Exchange (DSE) in the first week of 2023, with pharmaceuticals sector dominating the turnover list. The...

Low turnover strips away 30pc tax revenue in July-Dec

Low turnover strips away 30pc tax revenue in July-Dec

BABUL BARMAN 2023-01-06 09:33:56

The government's tax revenue from the Dhaka Stock Exchange (DSE) dropped 30 per cent year-on-year to Tk 1,661 million in the first half of the current fiscal year, owing to a plunge in turnover. The...

Stock dividends of Aamra Net, Aamra Tech approved on "good prospects"

Stock dividends of Aamra Net, Aamra Tech approved on "good prospects"

FE REPORT 2023-01-06 09:31:51

Aamra Networks and Aamra Technologies received regulatory approval to issue stock dividends for the fiscal year 2022 based on their "good prospects". The concerns of Aamra Group will pay 5 per cent a...

Samsung's quarterly profit set to hit 6-year low

Samsung's quarterly profit set to hit 6-year low

-- 2023-01-05 13:21:50

Samsung Electronics Co Ltd's quarterly profit will likely plunge 58 per cent to its lowest in six years as a global economic downturn saps demand for electronic devices and clouds the outlook for...

Amazon CEO says job cuts to exceed 18,000 roles

Amazon CEO says job cuts to exceed 18,000 roles

-- 2023-01-05 10:12:12

Amazon.com layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednes...