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The Financial Express

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Stocks witness modest fall amid low turnover

Stocks witness modest fall amid low turnover

FE Online Report 2020-02-10 16:07:50

Stocks witnessed a modest fall on Monday, extending the losing streak for the fifth straight session, as nervous investors continued their sell-offs on selective issues. DSEX, the prime index of the...

Stocks witness positive trend on buying spree

Stocks witness positive trend on buying spree

-- 2020-02-10 11:51:19

Stocks witnessed positive trend in early hours of trading on Monday as some investors are showing their buying interest on sector-wise issues. Following the previous day’s big fall, the Dhaka...

BRTC Bill awaits parliament nod

BRTC Bill awaits parliament nod

MUNIMA SULTANA 2020-02-10 10:55:18

After long 59 years, the existing Bangladesh Road Transport Corporation Act is going to be revised with the incorporation of a provision to increase its paid-up capital from Tk 60 million to Tk 10 bil...

Singer Bangladesh posts 12.50pc rise in EPS

Singer Bangladesh posts 12.50pc rise in EPS

FE Report 2020-02-10 10:47:15

The earnings per share of Singer Bangladesh Ltd rose 12.50 per cent year-on-year in 2019 thanks to record sales and continued focus on managing operating expenses. The company has reported consolidat...

Kazi Sanaul Hoq joins DSE as MD

Kazi Sanaul Hoq joins DSE as MD

FE Desk Report 2020-02-10 10:43:39

Kazi Sanaul Hoq joined the Dhaka Stock Exchange (DSE) as its managing director on Sunday after getting the regulatory approval in this regard. Earlier on January 09 last, the board of directors of t...

WB to support 1,200 women-owned businesses

WB to support 1,200 women-owned businesses

-- 2020-02-09 16:40:06

The World Bank Group together with WE Connect International on Sunday launched a project to help 1,200 women-owned businesses connect with potential large local and multinational corporate buyers. Wo...

Stocks plummet amid panic sell-offs

Stocks plummet amid panic sell-offs

FE Online Report 2020-02-09 15:52:36

Stocks witnessed a sharp decline on Sunday as worried investors continued their sell-offs on selective large-cap issues. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 64.20 po...

Four SoCBs to go public by Sept: Finance minister

Four SoCBs to go public by Sept: Finance minister

-- 2020-02-09 15:24:02

The government is planning to offload the shares of four state-owned commercial banks (SoCBs) by September in a bid to boost the stock market, finance minister AHM Mustafa Kamal has said. He made the...

Singer BD declares 77pc cash div

Singer BD declares 77pc cash div

FE ONLINE REPORT 2020-02-09 11:50:43

The board of directors of Singer Bangladesh Limited has recommended 77 per cent cash dividend for the year ended on December 31, 2019. The board has also decided to increase authorized capital from T...

Stocks witness downturn trend in early trading

Stocks witness downturn trend in early trading

FE ONLINE REPORT 2020-02-09 11:49:08

Stocks witnessed downward trend in early hours of trading on Sunday as investors followed mostly cautious stance. Following the previous three days’ correction, the Dhaka Stock Exchange (DSE) a...

Sonali, Janata, Agrani likely to go public

Sonali, Janata, Agrani likely to go public

SYFUL ISLAM 2020-02-09 10:37:57

The government is pressing ahead with its plan to offload shares of three state-owned commercial banks on the stock exchanges, officials said. The authorities have started primary work on divesting t...

Nominal wage rate increases by 6.56pc in January

Nominal wage rate increases by 6.56pc in January

FE ONLINE REPORT 2020-02-08 14:55:52

Country’s nominal wage rate index (WRI) increased by 6.56 per cent in January this year over the same period of last year, according to Bangladesh Bureau of Statistics (BBS).  It also show...

Weekly Market Review: Stocks in the tank amid low confidence

Weekly Market Review: Stocks in the tank amid low confidence

Babul Barman 2020-02-08 10:41:52

Stocks kept losing for the two straight weeks that ended on Thursday after the government passed a bill to bring surplus money of state and autonomous agencies to the national exchequer. Week-on-week...

Ten cos account for 25pc transactions

Ten cos account for 25pc transactions

FE Report 2020-02-07 11:00:33

Ten most traded firms accounted for more than one-fourth of transactions on the Dhaka Stock Exchange (DSE) on Thursday, with LafargeHolcim making it to the top of the turnover chart for the 12th strai...

Focus on harnessing blue economy’s potential

Focus on harnessing blue economy’s potential

DOULOT AKTER MALA 2020-02-07 10:50:32

The proposed marine fisheries act has focused on the blue economy with incorporating a number of issues including mariculture. Its new provision will also empower the government to check illegal, unr...

Eight local industries to enjoy tax holiday: FM

Eight local industries to enjoy tax holiday: FM

-- 2020-02-06 20:22:51

Finance Minister AHM Mustafa Kamal on Thursday said the government has decided to give 100 to 20 per cent tax holiday to eight local industries for their development. “The eight new local indus...

Non-food inflation increases in January

Non-food inflation increases in January

FE Online Report 2020-02-06 16:43:51

Monthly non-food inflation rate increased to 6.30 per cent in January from 5.55 per cent in December, according to Bangladesh Bureau of Statistics (BBS). Nevertheless, food inflation dropped to 5.12...

Stocks keep losing amid bumpy ride

Stocks keep losing amid bumpy ride

FE Online Report 2020-02-06 15:46:33

Stocks extended the losing streak for the third straight session on Thursday as cautious investors continued their sell-offs on sector-wise issues. DSEX, the prime index of the Dhaka Stock Exchange (...

Stocks surge in early trade

Stocks surge in early trade

FE Online Report 2020-02-06 11:42:59

Stocks surged in early hours of trading on Thursday as investors continued their buying binge on sector specific issues based on earnings declarations. Following the previous two days’ correcti...

EPS of most power cos up in Oct-Dec

EPS of most power cos up in Oct-Dec

Babul Barman 2020-02-06 11:31:23

Earnings per share (EPS) of most of the listed companies under 'fuel & power' sector showed better performance in October-December, 2019 quarter compared to the same quarter of the previous year....

DSE top officials asked to attend hearing on Feb 9

DSE top officials asked to attend hearing on Feb 9

FE REPORT 2020-02-06 11:25:55

The securities regulator has asked the premier bourse to explain the cause of its previous comments on capital market and financial statements of ACI which 'triggered' the fall of index in 2019. Foll...

Qatar reopens labour market for Bangladeshis

Qatar reopens labour market for Bangladeshis

-- 2020-02-05 19:29:10

Qatar has reopened its labour market for Bangladeshi workers after a closure for several months. Expatriates' Welfare and Overseas Employment Minister Imran Ahmad told UNB on Wednesday that the decis...

IPO approval process ‘should be simplified’

IPO approval process ‘should be simplified’

FE Online Report 2020-02-05 14:52:49

Discussants have stressed on transparency and accountability in the process of approving IPO (initial public offering) proposals to make the country’s capital market vibrant.   They also...

RAK Ceramics recommends 15pc div

RAK Ceramics recommends 15pc div

FE Online Report 2020-02-05 12:38:00

The board of directors of RAK Ceramic Ltd has recommended 15 per cent cash dividend for the year ended on December 31, 2019, said an official disclosure on Wednesday. The annual general meeting (AGM)...

Stocks post marginal loss in early trading

Stocks post marginal loss in early trading

FE Online Report 2020-02-05 11:51:32

Stocks posted a modest loss in early hours of trading on Wednesday as most of the investors followed cautious stance. Following the previous day’s mild correction, the Dhaka Stock Exchange (DSE...

BSEC asks ICB, subsidiary to show cause

BSEC asks ICB, subsidiary to show cause

MOHAMMAD MUFAZZAL 2020-02-05 11:17:18

The securities regulator has served a show-cause notice on the Investment Corporation of Bangladesh (ICB) and one of its subsidiaries, seeking their explanation for a significant fall in the share pri...

Country backpedals on growth goal

Country backpedals on growth goal

FHM HUMAYAN KABIR 2020-02-05 10:03:55

Bangladesh backtracks from its ambitious economic growth target as it takes a 'conservative approach' amid possible local and global shocks, analysts have said. In its next eighth five-year plan (FYP...

'Policy reforms meaningful if business community gets real benefits'

'Policy reforms meaningful if business community gets real benefits'

FE ONLINE REPORT 2020-02-04 19:24:53

If the business community gets real benefits due to policy reforms, then the government’s initiatives to uphold Bangladesh’s position in the ease of doing business index would add value....

Exports see downtrend in July-Jan

Exports see downtrend in July-Jan

FE Online Report 2020-02-04 19:10:47

Merchandise shipments fell by 5.21 per cent during the first seven months of current fiscal year (FY20), as export earnings continue to witness downtrend in recent months. Total export earnings from...

Merchandise trade gap crosses $8.0b in H1

Merchandise trade gap crosses $8.0b in H1

FE Online Report 2020-02-04 17:06:55

Country’s merchandise trade gap with the rest of the world crossed $8.0 billion level during the first half (H1) of current fiscal year (FY20). Central bank statistics, released on Tuesday, sho...