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The Financial Express

Search results for: bangladesh

Runner Automobiles posts modest gain on debut day

Runner Automobiles posts modest gain on debut day

FE Report 2019-05-22 10:51:58

Runner Automobiles share price soared 33 per cent on debut trading on Tuesday despite the company's earnings fell marginally, officials said. The company's profit after tax stood at Tk 337.51 milli...

Sponsors, directors barred from selling shares if they fail to hold 30pc stakes

Sponsors, directors barred from selling shares if they fail to hold 30pc stakes

FE Report 2019-05-22 10:45:53

Listed companies will be allowed to raise capital issuing bonus shares only for the purpose of BMRE and further qualitative development. The Bangladesh Securities and Exchange Commission (BSEC) took...

Stocks extend losing streak amid low turnover

Stocks extend losing streak amid low turnover

FE Online Report 2019-05-21 16:00:29

Stocks extended the losing streak for the second straight session on Tuesday as risk-averse investors continued their selling spree on sector-wise shares.  Market analysts said the investors con...

Tk 2.03t ADP gets NEC nod for FY'20

Tk 2.03t ADP gets NEC nod for FY'20

-- 2019-05-21 14:08:07

The government has approved Tk 2.03 trillion Annual Development Programme (ADP) for the next fiscal year (FY 2019-20), beginning July 1. The figure is 17.18 per cent higher than the current year&rsqu...

Stocks drop on bearish tread

Stocks drop on bearish tread

FE Online Report 2019-05-21 11:41:18

The prices of most of the shares on the bourses witnessed downward trend in early trading on Tuesday as investors showed their selling binge on sector-wise issues. However, Runner Automobiles made a...

ICB to get lion's portion of the fund

ICB to get lion's portion of the fund

FE Report 2019-05-21 10:50:33

The state-run Investment Corporation of Bangladesh (ICB) will get the lion's portion of the fund to be disbursed for the second time under the capital market refinancing scheme. The other stakeholder...

Ten cos snare 29pc turnover; Brac Bank tops

Ten cos snare 29pc turnover; Brac Bank tops

FE Report 2019-05-21 10:49:31

Ten most-traded companies captured more than 29 per cent transaction of the Dhaka Stock Exchange (DSE) on Monday while Brac Bank topped the list. Market analysts said investors were active on both si...

NEC set to endorse Tk 2.02t ADP for FY ’20

NEC set to endorse Tk 2.02t ADP for FY ’20

FE Report 2019-05-21 09:29:47

The government is going to approve today (Tuesday) a Tk 2.02-trillion Annual Development Programme (ADP) for the next fiscal year (FY), 2019-20, allocating the highest fund to the transport sector, of...

Govt revises down tax collection target

Govt revises down tax collection target

Doulot Akter Mala 2019-05-21 09:25:42

The government has revised the tax collection target downward to Tk 2.80 trillion for the current fiscal year following lacklustre trend in receipts, people familiar with the development said. The or...

NEC likely to approve original ADP outlay for next fiscal

NEC likely to approve original ADP outlay for next fiscal

-- 2019-05-20 18:14:30

A draft of Tk 2.02 trillion Annual Development Programme (ADP) outlay for the upcoming fiscal year will be placed before the National Economic Council (NEC) on Tuesday. Prime Minister Sheikh Hasina w...

Stocks slip back to red with low turnover

Stocks slip back to red with low turnover

FE Online Report 2019-05-20 15:47:34

Stocks slipped back into the red on Monday, after a single-day break, as investors booked profits with on major sectors’ shares. Market analysts said the stock market came back to the red after...

Runner Automobiles makes debut Tuesday

Runner Automobiles makes debut Tuesday

FE Report 2019-05-20 11:10:38

Runner Automobiles Ltd will make its share trading debut tomorrow (Tuesday) on the bourses under 'N' category, officials said. Despite the company's IPO shares were credited into respective BO accoun...

Six banks among top ten traded-cos

Six banks among top ten traded-cos

FE Report 2019-05-20 11:09:00

Ten most-traded companies captured one-fifth turnover of the Dhaka Stock Exchange (DSE) on Sunday with six banks among top ten-traded companies. Market analysts said investors showed their buying s...

Stocks open lower with sluggish trading

Stocks open lower with sluggish trading

FE Online Report 2019-05-20 11:06:02

The prices of most of the shares on both bourses witnessed a downward trend in early trading on Monday as some investors were seen booking short-term profits on sector-wise issues after two-days&rsquo...

Tax holiday creates 29,000 jobs in 46 yrs

Tax holiday creates 29,000 jobs in 46 yrs

FE Report 2019-05-20 09:38:28

The existing tax holiday facility is inadequate to attract investments and generate employment optimally, speakers said Sunday. They said restrictions on the sector selection, complex procedures and...

Capital market dev: ADB pushes for policy actions

Capital market dev: ADB pushes for policy actions

Rezaul Karim 2019-05-20 09:12:01

The ADB has attached some conditions, including the approval of the proposed organogram of the securities regulator, to the release of the second tranche of $170 million for the Third Capital Market D...

Core index exceeds 5,300-mark again

Core index exceeds 5,300-mark again

-- 2019-05-20 00:08:17

FE Report Dhaka stocks surged more than 2.0 per cent on Sunday as investors reacted positively to the Bangladesh Bank's market supportive measures. DSEX, the prime index of the Dhaka Stock Exchange...

Call to earmark Tk 7.0b for ICT business in upcoming budget

Call to earmark Tk 7.0b for ICT business in upcoming budget

FE Online Report 2019-05-19 20:37:30

The ICT businesses called upon the government to allocate Tk 5.0 billion for ‘Technical Assistant’ (TA) project and Tk 2.0 billion as ICT development fund in the upcoming national budget....

BB moves cheer up stock prices

BB moves cheer up stock prices

FE Online Report 2019-05-19 16:18:15

Stocks ended higher on Sunday as investors showed their buying appetite on large-cap shares amid positive expectation. Market analysts said the central bank’s market supportive measures which w...

Bay Leasing recommends 10pc cash dividend

Bay Leasing recommends 10pc cash dividend

FE Online Report 2019-05-19 13:03:30

The board of directors of Bay Leasing & Investment Ltd has recommended 10 per cent cash dividend for the year ended on December 31, 2018. The final approval of the dividend will come during the a...

Bourses witness sharp gain in early trading

Bourses witness sharp gain in early trading

FE Online Report 2019-05-19 11:43:08

The prices of most of the shares on both bourses saw a sharp gain in early trading on Sunday as investors showed their buying appetite on large-cap shares amid expectation. Market analysts said the B...

Popular Life Insurance recommends 40pc cash dividend

Popular Life Insurance recommends 40pc cash dividend

FE Online Report 2019-05-19 11:22:08

The board of directors of Popular Life Insurance Company has recommended 40 per cent cash dividend for the year ended on December 31, 2018. The final approval of the dividend will come during the ann...

MJL Bangladesh continues 'remarkable growth'

MJL Bangladesh continues 'remarkable growth'

Mohammad Mufazzal 2019-05-19 10:31:37

The earnings per share (EPS) of MJL Bangladesh has declined moderately for January-March, 2019 period compared to the corresponding period of the previous year due to currency 'devaluation' while impo...

Launch of co to ensure easy settlement of equities soon

Launch of co to ensure easy settlement of equities soon

Jasim Uddin Haroon 2019-05-18 13:31:37

The process of establishing a central counterparty clearing house (CCP) has been accelerated, as the authorities concerned are going to appoint its CEO and deploy necessary technologies. CCP is a sep...

Five projects to eat up half of sub-sector's outlay

Five projects to eat up half of sub-sector's outlay

FHM Humayan Kabir 2019-05-18 10:49:52

Five large road transport projects will alone eat up nearly half the sub-sector's outlay, which officials say will affect the implementation of other projects in the next fiscal year (FY). The road t...

Weekly analysis: Stocks keep sliding

Weekly analysis: Stocks keep sliding

Babul Barman 2019-05-18 10:35:09

Stocks continued its losing streak for the second consecutive week that ended on Thursday, reflecting a lack of investors' confidence in the likelihood of a turnaround. Of the five trading days in th...

Fortune Shoes tops weekly turnover chart

Fortune Shoes tops weekly turnover chart

FE Report 2019-05-18 10:32:46

Ten most-traded companies accounted for over 27 per cent transactions on the Dhaka Stock Exchange (DSE) in the outgoing week, with the Fortune Shoes grabbing the top spot on the turnover chart. Marke...

Concessions to loan defaulters draw mixed reactions

Concessions to loan defaulters draw mixed reactions

-- 2019-05-18 09:56:49

The Bangladesh Bank's (BB) decision to offer concessions to loan defaulters and good borrowers to reduce the substantial amount of non-performing loans (NPL) has received mixed reaction from economist...

Spl arm planned to check mis-invoicing: Kamal

Spl arm planned to check mis-invoicing: Kamal

FE Report 2019-05-17 13:42:45

Finance minister AHM Mustafa Kamal now plans to set up a special cell at the National Board of Revenue (NBR) to check money laundering through over and under-invoicing. "…to check over pricing...

BSEC moves to enforce minimum shareholding provision soon

BSEC moves to enforce minimum shareholding provision soon

Mohammad Mufazzal 2019-05-17 11:12:24

The securities regulator has taken an initiative to strictly enforce a provision that requires the sponsor-directors of the listed companies to hold a certain amount of shares. The Bangladesh Securit...