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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...

DSE broker decamps with investors’ fund

DSE broker decamps with investors’ fund

FE REPORT 2020-06-26 09:24:50

Crest Securities Ltd, a member of Dhaka Stock Exchange (DSE), has shut down its head and branch offices without informing the exchange authority. According to insiders, the officials of Crest Securit...

Stocks edge up, turnover remains low

Stocks edge up, turnover remains low

FE ONLINE REPORT 2020-06-25 14:37:12

Stocks ended slightly higher on Thursday with turnover remaining below Tk 1.0 billion-mark for the 13th straight session as investors mostly followed cautious stance amid worsening pandemic situation....

City Bank retains Moody’s B1 rating   

City Bank retains Moody’s B1 rating  

FE Online Desk 2020-06-25 12:49:14

Moody’s Investors Service has published their latest Credit Opinion on The City Bank Limited, recognizing both potential & challenges of the bank, said a statement. City Bank retained its...

DSE, CSE open mixed amid low turnover

DSE, CSE open mixed amid low turnover

FE ONLINE REPORT 2020-06-25 11:09:27

Stocks witnessed mixed trend in early trading on Thursday amid worsening pandemic situation in the country. Within 30 minutes of trading, DSEX advanced more than 2.0 points while the CSE All Share Pr...

Continental Insurance declares 10pc dividend

Continental Insurance declares 10pc dividend

FE ONLINE REPORT 2020-06-25 10:58:43

The board of directors of Continental Insurance Ltd has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2019. The final approval of the dividend will...

IFIC Bank declares 10pc stock dividend

IFIC Bank declares 10pc stock dividend

FE ONLINE REPORT 2020-06-25 10:27:20

The board of directors of IFIC Bank Limited has recommended a 10 per cent stock dividend for the year ended on December 31, 2019. The final approval of the dividend will come during the annual genera...

Stocks inch up, but turnover remains low

Stocks inch up, but turnover remains low

FE ONLINE REPORT 2020-06-24 15:14:55

Stocks inched up on Wednesday amid low turnover as investors mostly followed cautious stance due to worsening pandemic situation and floor price limitation. DSEX, the key index of the Dhaka Stock Exc...

Stocks open flat amid low turnover

Stocks open flat amid low turnover

FE ONLINE REPORT 2020-06-24 11:00:49

Stocks nearly flat in early trade on Wednesday as worsening pandemic situation, floor price system, and disappointment over the proposed budget kept the investors away from the trading activities. Wi...

Bourses asked to launch integrated online platform

Bourses asked to launch integrated online platform

FE Report 2020-06-24 10:22:36

The securities regulator has directed both the bourses to launch an integrated online platform for data gathering and information submission and dissemination. The Bangladesh Securities and Exchange...

Dhaka Bank declares 10pc dividend

Dhaka Bank declares 10pc dividend

FE ONLINE REPORT 2020-06-24 10:14:02

Dhaka Bank Ltd has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2019. The board of directors of the bank in a virtual meeting on Tuesday adopted th...

Stocks witness yet another flat session

Stocks witness yet another flat session

FE ONLINE REPORT 2020-06-23 14:58:23

Stocks witnessed yet another flat session on Tuesday as growing virus fears and the ‘floor price’ system kept the investors mostly on the sidelines. DSEX, the key index of the Dhaka Stock...

Stocks open mixed amid low turnover

Stocks open mixed amid low turnover

FE ONLINE REPORT 2020-06-23 11:03:47

Stocks witnessed mixed trend in early trading on Tuesday amid sluggish turnover as growing tension over the Covid-19 pandemic and floor price mechanism kept the investors on the sidelines. Within 30...

City Bank declares 15pc cash dividend

City Bank declares 15pc cash dividend

FE ONLINE REPORT 2020-06-23 10:02:14

The City Bank Ltd has recommended 15 per cent cash dividend for the year ended on December 31, 2019. The board of directors of the bank in a virtual meeting held on Monday approved the audited financ...

Bangladesh National Ins declares 12pc cash dividend

Bangladesh National Ins declares 12pc cash dividend

FE Online Report 2020-06-23 10:00:20

The board of directors of Bangladesh National Insurance Company Ltd has recommended 12 per cent cash dividend for the year ended on December 31, 2019. The board of directors of the non-life insurer i...

Stocks end nearly flat; turnover remains low

Stocks end nearly flat; turnover remains low

FE ONLINE REPORT 2020-06-22 15:09:22

Stocks ended nearly flat on Monday as investors were mostly inactive due to pandemic fears and disappointment over the proposed budget. DSEX, the key index of the Dhaka Stock Exchange, saw a fraction...

Global stocks try to shake off second wave virus fears

Global stocks try to shake off second wave virus fears

REUTERS 2020-06-22 13:20:49

US stock futures recouped losses on Monday but Asian stocks wobbled as investors tried to shake off worries that rising coronavirus cases in the United States could scupper a quick economic rebound....

IPO subscription of Express Insurance extended until July 2

IPO subscription of Express Insurance extended until July 2

FE ONLINE REPORT 2020-06-22 11:47:28

The public subscription of Express Insurance Ltd has been extended until July 2 with the permission of securities regulator, officials said. The IPO (initial public offering) subscription of the non-...

Stocks down at open amid low turnover

Stocks down at open amid low turnover

FE Online Report 2020-06-22 11:24:43

Stocks saw downward trend in early trading on Monday amid low participation of investors as growing tension over the Covid-19 pandemic and floor price mechanism kept the investors on the sidelines. W...

Runner Automobile’s EPS plunges 98pc in Jan-Mar

Runner Automobile’s EPS plunges 98pc in Jan-Mar

FE ONLINE REPORT 2020-06-22 10:59:35

Runner Automobiles standalone earnings per share (EPS) tumbled nearly 98 per cent year-on-year in the January-March, 2020 quarter as sales impacted by Covid-19 outbreak. The board of directors of the...

DSE daily turnover hits fresh 13-yr low

DSE daily turnover hits fresh 13-yr low

FE ONLINE REPORT 2020-06-21 14:58:39

The daily turnover on the Dhaka Stock Exchange (DSE) tumbled to a fresh 13-year low on Sunday, as the growing virus fears and the ‘floor price’ system kept the investors on the sidelines....

Berger Paints to invest Tk 76.05m in Berger Fosroc

Berger Paints to invest Tk 76.05m in Berger Fosroc

FE ONLINE REPORT 2020-06-21 13:11:04

The board of directors of Berger Paints Bangladesh has decided to invest Tk 76.05 million in its associate company-Berger Fosroc Ltd. “The board of directors has resolved that the company will...

Stocks nearly flat at open amid low turnover

Stocks nearly flat at open amid low turnover

FE ONLINE REPORT 2020-06-21 11:51:15

Stocks remained almost flat in early trading on Sunday with sluggish turnover as growing tension over the Covid-19 pandemic and floor price mechanism kept the investors almost stagnant. Wit...

ETF still eludes investors

ETF still eludes investors

Mohammad Mufazzal 2020-06-21 10:39:03

Dhaka Stock Exchange (DSE) is yet to launch the Exchange Traded Fund (ETF) despite the gazette on the rules of this fund was published three years back. The DSE officials said the ETF could not be la...