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Weekly Review: Stocks drift lower, block trade snares 43pc of total turnover

Weekly Review: Stocks drift lower, block trade snares 43pc of total turnover

Babul Barman 2020-06-20 10:05:32

Stocks ended lower in the post-budget week as investors found nothing special for the capital market development in the proposed budget. Week-on-week, DSEX, the key index of the Dhaka Stock Exchange,...

BB eases wiring proceeds from share sales abroad

BB eases wiring proceeds from share sales abroad

Siddique Islam 2020-06-20 09:27:54

The central bank has relaxed regulations allowing non-resident investors to repatriate sales proceeds of their shares in non-listed companies aiming to attract foreign direct investment or FDI in Bang...

Stock market badly needs ‘fully IT-based operation’

Stock market badly needs ‘fully IT-based operation’

FE REPORT 2020-06-20 09:23:05

Participants at a webinar on Friday stressed the need for ensuring IT-based market operations and coordination among the regulatory bodies to keep pace with the markets of developed countries and to k...

Global stocks wobble as investors assess risks of second wave

Global stocks wobble as investors assess risks of second wave

REUTERS 2020-06-19 13:17:49

Asian shares and US stock futures teetered in choppy trade on Friday as lingering concerns about a fresh spike in coronavirus cases offset growing hopes for a quick economic recovery. MSCI’s br...

Stocks edge down amid growing virus tension

Stocks edge down amid growing virus tension

FE ONLINE REPORT 2020-06-18 14:38:38

Stocks edged lower on Thursday, with turnover remaining below Tk 1.0 billion-mark, amid growing virus tension and dissatisfaction over the proposed budget. DSEX, the key index of the Dhaka Stock...

Stocks slump at open amid low turnover

Stocks slump at open amid low turnover

FE ONLINE REPORT 2020-06-18 11:05:35

Stocks witnessed downward trend in early trading on Thursday with sluggish turnover as growing tension over the Covid-19 pandemic and floor price mechanism kept the investors almost stagnate. Trading...

CSE for reduction of corporate tax for listed cos

CSE for reduction of corporate tax for listed cos

FE Report 2020-06-18 09:59:04

Chittagong Stock Exchange (CSE) has made a set of proposals, including reduction of corporate tax for listed companies, for the government's further consideration before finalising the budget for the...

BSEC to withdraw floor price mechanism soon

BSEC to withdraw floor price mechanism soon

FE Report 2020-06-18 09:54:07

The BSEC will withdraw the floor price mechanism soon in a bid to ensure free price movements of stocks. Prof. Md. Mizanur Rahman, a commissioner of the securities regulator, disclosed this while joi...

Bourses revise trading hours

Bourses revise trading hours

FE Online Report 2020-06-17 18:34:41

Dhaka Stock Exchange and the Chittagong Stock Exchange have revised the trading hours as banking hours changed due to rising cases of Covid-19 infections and deaths in the country. As per new timing,...

Subscription of CAPITEC-IBBL Shariah Unit Fund to open from July 1

Subscription of CAPITEC-IBBL Shariah Unit Fund to open from July 1

FE Online Report 2020-06-17 16:04:03

Subscription of ‘CAPITEC-IBBL Shariah Unit Fund’, an open-end Shariah compliant mutual fund, is set to begin from July 1, 2020. The initial size of the CEPITEC-IBBL Shariah Unit Fund is T...

Stocks inch higher amid low turnover

Stocks inch higher amid low turnover

FE ONLINE REPORT 2020-06-17 14:52:39

Stocks inched up on Wednesday, with turnover remaining below Tk 1.0 billion-mark, as most of the investors were cautious amid worsening situation of the deadly virus. DSEX, the key index of the Dha...

Stocks open mixed amid sluggish turnover

Stocks open mixed amid sluggish turnover

FE ONLINE REPORT 2020-06-17 11:22:53

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

Jamuna Bank to pay 15pc cash dividend

Jamuna Bank to pay 15pc cash dividend

FE Online Report 2020-06-17 10:10:50

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

Stocks end nearly flat amid low turnover

Stocks end nearly flat amid low turnover

FE ONLINE REPORT 2020-06-16 16:20:47

Stocks ended almost flat on Tuesday as most of the investors followed cautious stance amid the ongoing virus tension. DSEX, the key index of the Dhaka Stock Exchange, went up by 2.28 points or 0.05 p...

Chittagong Stock Exchange revises Shariah index

Chittagong Stock Exchange revises Shariah index

FE ONLINE REPORT 2020-06-16 15:39:27

The port city bourse, Chittagong Stock Exchange (CSE), has revised its Shariah index CSI based on the performance of the CSE listed companies. The revised Shariah index will be effective from June 28...

Shasha Denim’s EPS slumps 66pc in nine months

Shasha Denim’s EPS slumps 66pc in nine months

FE ONLINE REPORT 2020-06-16 12:37:48

The earnings per share (EPS) of Shasha Denim Ltd plunged more than 66 per cent year-on-year in nine months from July, 2019 to March, 2020. The company’s consolidated EPS stood at Tk 1.21 for Ju...

Stocks witness downturn amid thin participation

Stocks witness downturn amid thin participation

FE ONLINE REPORT 2020-06-16 11:27:24

Stocks witnessed a downward trend in early trading on Tuesday amid a thin participation of investors as growing tension over the Covid-19 scare and floor price mechanism kept the investors on the side...

Meghna Petroleum’s net profit drops 8.58pc in nine months

Meghna Petroleum’s net profit drops 8.58pc in nine months

FE ONLINE REPORT 2020-06-16 11:11:51

Meghna Petroleum’s net profit after tax fell 8.58 per cent year-on-year in nine months for July, 2019 to March, 2020. The board of directors of the state-run company in a meeting held on Monday...

Internet-based trading in the offing

Internet-based trading in the offing

FE Report 2020-06-16 09:45:44

Country's main bourse has taken a move to launch digital trading considering the safety and security of investors and other market stakeholders as the deadly virus goes virulent across the country. M...

Stocks extend losses as budget fails to cheer up investors

Stocks extend losses as budget fails to cheer up investors

FE ONLINE REPORT 2020-06-15 15:31:21

Stocks extended the losing streak for the second straight session on Monday as the proposed budget failed to meet investors’ expectations. The growing tension over the Covid-19 pandemic and flo...

Meghna Cement gets green light to issue preference shares

Meghna Cement gets green light to issue preference shares

FE ONLINE REPORT 2020-06-15 12:36:21

Meghna Cement Mills Ltd has said the securities regulator gave it the permission to raise a capital of Tk 1.0 billion through issuance of 100 million preference shares. Redeemable preference shares o...

Stocks open nearly flat amid low turnover

Stocks open nearly flat amid low turnover

FE Online Report 2020-06-15 11:59:59

Stocks witnessed almost flat in early trading on Monday as the proposed budget failed to meet investors’ expectations. The growing tension over the Covid-19 scares and floor price mechanism als...

Block transactions allowed below 10pc of floor prices

Block transactions allowed below 10pc of floor prices

FE Report 2020-06-15 10:39:45

Stock exchanges have reset the lower price limit for the securities to be traded on block board to enhance turnover value without affecting the broad index. As a result, the prices of listed securiti...

Merchant bankers for unconditional scope

Merchant bankers for unconditional scope

FE Report 2020-06-15 10:33:15

Merchant bankers have made a set of proposals including the reduction of corporate tax for listed companies. Their proposals came following the government's budgetary measures proposed for the fiscal...

Stocks end first post-budget session in red

Stocks end first post-budget session in red

FE ONLINE REPORT 2020-06-14 15:10:58

Stocks slipped into the red on Sunday in the first post-budget session, as it appears to have failed to have failed to cheer up investors’ confidence. The growing tension over the Covid-19 scar...

Stocks post marginal gain in first post-budget session

Stocks post marginal gain in first post-budget session

FE ONLINE REPORT 2020-06-14 12:26:12

Stocks posted a marginal gain in early trading on Sunday, the first session after the national budget declaration, as investors followed a cautious stance. Finance Minister AHM Mustafa Kamal unveiled...

Covid-19: Dulamia cotton factory shut operations indefinitely

Covid-19: Dulamia cotton factory shut operations indefinitely

FE Online Report 2020-06-14 12:12:14

The board of directors of Dulamia Cotton Spinning Mills Ltd has decided to shut the operation of the factory for an indefinite period due to the ongoing Covid-19 pandemic. “The board of directo...

Reducing corporate tax for non-listed cos won't benefit the stock market

Reducing corporate tax for non-listed cos won't benefit the stock market

Mohammad Mufazzal 2020-06-14 11:06:53

Stakeholders have expressed mixed opinion on the budgetary proposal of reducing corporate tax for non-listed companies amid the unchanged rate of the same for listed companies. Most of them said th...

Weekly market review: Stocks post modest gain as budget unveiled

Weekly market review: Stocks post modest gain as budget unveiled

Babul Barman 2020-06-13 10:30:49

Stocks posted a marginal gain in the outgoing week as growing tension over the virus scare and the floor price mechanism kept the market almost dull. Week-on-week, DSEX, the key index of the Dhaka St...

Govt allows untaxed money in stock market

Govt allows untaxed money in stock market

FE Online Report 2020-06-11 17:15:48

The stock market anticipates a major boost as the government allowed untaxed money to invest in the capital market. People who will avail the facility to invest in securities such as stocks, mutual f...