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The Financial Express

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United Power’s corporate director to sell 10m shares

United Power’s corporate director to sell 10m shares

FE Online Report 2019-08-06 11:42:31

United Mymensingh Power Limited, one of the corporate directors of United Power, has decided to sell 10 million shares at prevailing market price in the block market. United Mymensingh Power Ltd, one...

Stocks rise in early trading amid sale pressure

Stocks rise in early trading amid sale pressure

-- 2019-08-06 11:35:14

Stocks witnessed upward trend in early trading on Tuesday as investors were active on sector specific shares amid eased of pre-Eid sale pressure. Following the previous day’s mild correction, t...

Coppertech's share jumps 348pc on debut trading

Coppertech's share jumps 348pc on debut trading

FE Report 2019-08-06 10:39:09

The Coppertech Industries made a flying trading debut on the bourses on Monday as its share price soared 348 per cent riding on the investors' 'irrational hype' over the new issue. The engineering se...

NBR wants BEZA to exclude essential goods from tax incentive package

NBR wants BEZA to exclude essential goods from tax incentive package

Doulot Akter Mala 2019-08-06 10:24:51

The National Board of Revenue (NBR) has decided to put forward a proposal to Bangladesh Economic Zones Authority (BEZA) for exclusion of essential consumer goods from its tax incentive package. The...

Authorities meet on 2.0pc incentives for remitters

Authorities meet on 2.0pc incentives for remitters

FE Report 2019-08-06 10:06:04

Authorities concerned met on Monday in the wake of an announcement in the budget to grant 2.0 per cent incentives for remitters as part of its efforts to encourage them to send money through the ban...

Borrowing limit from call money market to increase from September

Borrowing limit from call money market to increase from September

-- 2019-08-05 19:24:43

The Bangladesh Bank has increased the borrowing limit from inter-bank call money market. Financial institutions can borrow maximum 40 per cent of their equity from September 1, 2019, according to a B...

Stocks slip into red as Eid festival nears

Stocks slip into red as Eid festival nears

FE Online Report 2019-08-05 15:29:13

Stocks slipped into the red on Monday amid volatile trading as investors were mostly followed cautious stance ahead of nine-day Eid holidays. DSEX, the prime index of the Dhaka Stock Exchange (DSE),...

Two more MFs declare cash dividend

Two more MFs declare cash dividend

FE Online Report 2019-08-05 11:47:40

The Trustee Committees of CAPM IBBL Islamic Mutual Fund and CAPM BDBL Mutual Fund 01 have declared 8.0 per cent and 5.0 per cent cash dividend respectively. CAPMIBBLMF: The Trustee Committee of the f...

EBL First MF tenure extended up to 2029

EBL First MF tenure extended up to 2029

FE Online Report 2019-08-05 11:44:29

The tenure of EBL First Mutual Fund, a closed-end mutual fund, has been extended 10 more years until August 18, 2029, said an official disclosure on Monday. Closed-end mutual funds are investment f...

Stocks open mixed ahead of Eid festival

Stocks open mixed ahead of Eid festival

FE Online Report 2019-08-05 11:41:07

Stocks witnessed mixed trend in early trading on Monday as investors were active both sides of trading fence ahead of Eid festival. However, the Coppertech Industries made a flying trade debut as its...

Tax receipts from DSE fall 13pc in July

Tax receipts from DSE fall 13pc in July

FE Report 2019-08-05 11:21:41

The government's revenue earnings from the Dhaka Stock Exchange (DSE) fell 13 per cent year-on-year in July this year on the back of falling trade volume and value. Market analysts said the bearish m...

'BB circular soon for implementing single-digit interest rates'

'BB circular soon for implementing single-digit interest rates'

-- 2019-08-04 21:25:48

The Bangladesh Bank will issue a circular immediately asking the scheduled banks to ensure single-digit interest rates on both lending and deposit. Finance Minister A H M Mustafa Kamal made the annou...

Dhaka stocks stay positive on Sunday amid choppy trading

Dhaka stocks stay positive on Sunday amid choppy trading

FE Online Report 2019-08-04 16:21:54

Dhaka stocks inched higher on Sunday amid volatile trading as investors were active both sides of trading fence. DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,172, gaining 3.1...

Bourses witness marginal gains in early trading

Bourses witness marginal gains in early trading

FE Online Report 2019-08-04 11:38:13

Stocks witnessed marginal gains in early trading on Sunday as some investors showed their buying appetite on sector specifies shares based on quarterly earnings.   Following the previous day&rsq...

Lower private sector credit growth to hit investment: FBCCI

Lower private sector credit growth to hit investment: FBCCI

FE Report 2019-08-04 10:50:12

The country's apex chamber on Saturday said the central bank's lower private credit growth target would impact investment, especially in smaller firms. In its reaction to the latest Monetary Policy S...

Projects languish as WB aid for B'desh withers

Projects languish as WB aid for B'desh withers

FHM Humayan Kabir 2019-08-04 09:54:00

At least 10 projects have been suffering from the implementation delays as the World Bank's fund meant for Bangladesh has dried up, officials said. The officials said the Washington-based lender has...

ONE Bank AGM approves 10pc stock dividend

ONE Bank AGM approves 10pc stock dividend

FE Online Desk 2019-08-03 15:03:05

The board of directors of ONE Bank Limited has approved 10 per cent stock dividend for the year ended on December 31, 2018. The final approval of the dividend came during the 20th Annual General Meet...

Weekly analysis: Stocks stay afloat

Weekly analysis: Stocks stay afloat

Babul Barman 2019-08-03 10:47:41

Stocks eked out gains for the second consecutive week that ended on Thursday, as institutional investors continued to support the market. DSEX, the prime index of the Dhaka Stock Exchange (DSE), soar...

United Power recommends 140pc div

United Power recommends 140pc div

FE Report 2019-08-03 10:44:37

The United Power Generation & Distribution Company Ltd has recommended 130 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2019, according to an official disclosure pub...

Fortune generates highest turnover

Fortune generates highest turnover

FE Report 2019-08-03 10:43:10

Ten most traded companies accounted for 26 per cent of transactions on the Dhaka Stock Exchange (DSE) in the outgoing week, with Fortune Shoes generating the highest turnover. Market analysts said...

Nine-day stock market holiday begins Aug 9

Nine-day stock market holiday begins Aug 9

FE Report 2019-08-03 10:41:19

Trading and official activities at Dhaka Stock Exchange (DSE) will remain closed for nine days from August 9 to 17, including weekly holidays, on the occasion of Eid-ul-Azha. The decision on Eid vaca...

Ten companies account for 28pc transactions on DSE

Ten companies account for 28pc transactions on DSE

FE Report 2019-08-02 10:40:36

Ten most traded companies accounted for 28 per cent of transactions on the Dhaka Stock Exchange (DSE) on Thursday, with Fortune Shoes making it to the top of the turnover list. Market analysts said i...

NBR forms committee to make list of eligible items

NBR forms committee to make list of eligible items

Doulot Akter Mala 2019-08-02 10:27:15

The National Board of Revenue (NBR) has decided to resolve complexities regarding import of power sector equipment by preparing an integrated list of the products that are eligible for enjoying exempt...

Net foreign investment remains negative for fifth straight month

Net foreign investment remains negative for fifth straight month

Babul Barman 2019-08-02 10:26:32

Net foreign portfolio investment in Dhaka Stock Exchange (DSE) remained negative for the fifth consecutive month in July due to higher outflow of equity fund. Market analysts said foreign investors c...

Poor regulations cost 20pc of GDP: Expert

Poor regulations cost 20pc of GDP: Expert

FE Report 2019-08-02 10:04:56

Bangladesh loses at least 20 per cent of its gross domestic product (GDP) for poor regulations, a regulatory reform expert said on Thursday. "Bangladesh is suffering from low level of regulations a...

BASIC Bank: Kamal threatens to fold losing branches

BASIC Bank: Kamal threatens to fold losing branches

FE Report 2019-08-02 10:01:27

Finance minister AHM Kamal on Thursday lashed out at the officials of the BASIC Bank for their failure to improve the financial health of the troubled state lender. As the scandal-hit bank is struggl...

BD likely to become second largest recipient of Japanese assistance

BD likely to become second largest recipient of Japanese assistance

-- 2019-08-01 22:49:57

Bangladesh is likely to be the second largest recipient of Japanese assistance after India in the current Japanese fiscal year which starts from April 01. In last Japanese fiscal, Bangladesh was the...

Stock market to remain closed from Aug 9-17

Stock market to remain closed from Aug 9-17

FE Online Report 2019-08-01 19:51:38

Trading and official activities on Dhaka Stock Exchange (DSE) will remain closed for nine days from August 9 to August 17 on the occasion of Eid-ul-Azha, including weekly holidays. The decision came...

Stocks keep gaining for two straight sessions

Stocks keep gaining for two straight sessions

FE Online Report 2019-08-01 16:00:26

Stocks extended their gaining streak for the two straight sessions on Thursday as some investors continued their appetite on sector-wise shares. DSEX, the prime index of the Dhaka Stock Exchange (DSE...

Dev sans inclusiveness meaningless: Dr Rizvi

Dev sans inclusiveness meaningless: Dr Rizvi

FE Report 2019-08-01 12:43:27

The international affairs adviser to the prime minister, Dr Gowher Rizvi, said on Wednesday the country's achievement would be meaningless without inclusive growth. "Whatever we've achieved doesn't c...