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The Financial Express

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Stocks witness downturn after first hour of trading

Stocks witness downturn after first hour of trading

FE Online Report 2019-03-04 11:53:08

Stocks witnessed a downward trend after first hour of trading on Monday as cautious investors were selling shares on sector specific shares. Following the previous day’s marginal gain, the Dhak...

IPO subscription of Coppertech to open March 31

IPO subscription of Coppertech to open March 31

FE Report 2019-03-04 10:35:19

The public subscription of Coppertech Industries is set to begin on March 31, officials said. The company will raise a fund worth Tk 200 million through initial public offering (IPO) using the fixe...

Square Textiles posts 27pc revenue growth

Square Textiles posts 27pc revenue growth

Babul Barman 2019-03-04 10:24:34

Square Textiles has posted a 27 per cent growth in revenue year-on-year in 2017-18 due to increase of production capacity. At standalone level, the company's revenue stood at Tk 6,367.12 million in t...

Remittances rise by 10pc in eight months

Remittances rise by 10pc in eight months

FE Report 2019-03-04 09:41:59

The flow of remittances rose by nearly 10 per cent in the first eight months of the current fiscal year, despite significant falloff in February year-on-year, officials said. Bangladeshi nationals wo...

$100m WB loan to strengthen Public Financial Management

$100m WB loan to strengthen Public Financial Management

-- 2019-03-03 17:20:47

The World Bank has approved a $100 million credit for improving fiscal forecasting, and public budget preparation and execution. The Strengthening Public Financial Management (PFM) to Enable Service...

Stocks break two-day losing streak

Stocks break two-day losing streak

FE Online Report 2019-03-03 16:08:16

Stocks posted marginal gain on Sunday, the first day of this month, snapping a two-day losing streak, as some investors showed their buying appetite on sector-wise shares. Market analysts said invest...

Marico BD to invest Tk 294m in capacity expansion

Marico BD to invest Tk 294m in capacity expansion

FE Online Report 2019-03-03 12:51:16

The board of directors of Marico Bangladesh Limited has decided to invest Tk 294 million from the available funds of the company with an aim to increase the capacity at its factory locations at Moucha...

‘SEML FBLSL Growth Fund’ to make debut Monday

‘SEML FBLSL Growth Fund’ to make debut Monday

FE Online Report 2019-03-03 12:24:53

Trading of the units of ‘SEML FBLSL Growth Fund,’ a closed-end mutual fund, will commence at DSE from Monday (March 04) under ‘A’ category. The DSE trading code for the fund i...

Bourses open week with gains

Bourses open week with gains

FE Online Report 2019-03-03 11:37:19

Stocks witnessed a positive trend after first hour of trading on Sunday as some investors were seen showing their buying appetite on sector-wise shares. Following the previous week’s modest cor...

Wata Chemicals opens commercial operation of new unit

Wata Chemicals opens commercial operation of new unit

FE Report 2019-03-03 10:48:56

Wata Chemicals, a listed company, inaugurated the commercial operation of its new sulfuric acid unit (Unit-2) on Saturday to meet the growing demand of the products. Textiles and Jute Minister Golam...

Singer's operating profit soars 40pc in 2018

Singer's operating profit soars 40pc in 2018

FE Desk 2019-03-03 10:03:49

Singer Bangladesh Limited announced a 40 per cent increase in operating profit, whilst reporting its audited results for the year ended December 31, 2018. The company's turnover increased by 24 per c...

Weekly analysis: Stocks extend loss as bank issues slump

Weekly analysis: Stocks extend loss as bank issues slump

Babul Barman 2019-03-02 10:38:13

Stocks witnessed yet another bearish week that ended on Wednesday, extending the losing streak for the fifth straight week as investors continued their selling binge. The week saw four trading days i...

Weekly turnover chart: Bangladesh Submarine rules the roost

Weekly turnover chart: Bangladesh Submarine rules the roost

FE Report 2019-03-02 10:32:47

Bangladesh Submarine Cable Company Ltd (BSCCL) dominated the prime bourse's turnover chart while ten traded companies grabbed 35 per cent transaction last week. Market analysts said investors continu...

Govt employees may get 25pc pay raise

Govt employees may get 25pc pay raise

Jasim Uddin Haroon 2019-03-02 09:27:12

The government is considering raising pay and allowances of public servants by 25 per cent as part of "price adjustment," officials said. This includes an annual increment of 5.0 per cent. The fresh...

Singer BD recommends 30pc stock dividend

Singer BD recommends 30pc stock dividend

FE Online Report 2019-03-01 20:26:53

The board of directors of Singer Bangladesh Ltd has recommended 30 per cent stock dividend for the year ended on December 31, 2018. The final approval of the dividend will come during the annual gene...

Potentials of blue economy left untapped, no proper initiatives  

Potentials of blue economy left untapped, no proper initiatives  

-- 2019-03-01 18:29:21

Although 26 sectors have been identified to exploit the potentials of blue economy in the country, almost all the sectors remained untapped for lack of proper initiatives, says a UNB report.  S...

Insurance sector marks strong return on DSE

Insurance sector marks strong return on DSE

FE Report 2019-03-01 11:27:12

The insurance sector again dominated the top 10 gainers' chart of the Dhaka Stock Exchange (DSE) in the last week. Of the top 10 gainers, seven are insurance companies, which saw their share prices j...

LafargeHolcim declares 10pc cash dividend

LafargeHolcim declares 10pc cash dividend

FE Report 2019-03-01 11:21:28

The board of directors of LafargeHolcim Bangladesh has recommended 10 per cent cash dividend for the year ended on December 31, 2018. The final approval of dividend will come during its annual genera...

New Line Clothings IPO deadline now Mar 03

New Line Clothings IPO deadline now Mar 03

FE Report 2019-03-01 10:47:15

The subscription period for the initial public offering (IPO) of New Line Clothings Limited has been extended up to March 03. Earlier, the subscription deadline was February 28 (Thursday). The Dhaka...

Indo-Pak tension to cast shadow over BD economy, say analysts

Indo-Pak tension to cast shadow over BD economy, say analysts

Mir Mostafizur Rahaman 2019-03-01 09:54:14

A prolonged tension between India and Pakistan may cause uncertainty over the economies of Bangladesh and other south Asian countries, economists and experts say. "If the present situation escalates...

Trading on bourses remain closed today

Trading on bourses remain closed today

FE Report 2019-02-28 11:39:03

The trading at Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) will remain closed today (Thursday) due to the City Corporation Election. “As the government has declared on Thursd...

GSK's earnings plummet on pharma unit closure

GSK's earnings plummet on pharma unit closure

FE Report 2019-02-28 10:55:06

GlaxoSmithKline Bangladesh's incurred a huge loss in the year ended on December 31, 2018 because of the closure of its pharmaceuticals unit in the country. The British drug-maker's earnings per share...

BSEC steps up crackdown on delinquent brokers

BSEC steps up crackdown on delinquent brokers

Mohammad Mufazzal 2019-02-28 09:26:04

The securities regulator has reinforced its action against stock brokers who have mishandled investors' funds, a senior official has said. The Bangladesh Securities and Exchange Commission (BSEC) got...

400KV power transmission line project gets ECNEC nod

400KV power transmission line project gets ECNEC nod

-- 2019-02-27 17:39:15

The Executive Committee of the National Economic Council (ECNEC) on Wednesday approved a big project to set up double-circuit 400KV transmission lines to extend the high voltage power transmission inf...

DSXE slumps to nearly two-month low

DSXE slumps to nearly two-month low

FE Online Report 2019-02-27 15:36:20

The prime index of the Dhaka Stock Exchange (DSE) fell to nearly two-month low on Wednesday as cautious investors continued their selling binge on sector-wise shares. Market analysts said investors w...

GlaxoSmithKline recommends 530pc div

GlaxoSmithKline recommends 530pc div

FE Online Report 2019-02-27 12:32:26

The board of directors of GlaxoSmithKline Bangladesh Limited has recommended 530 per cent cash dividend for the year ended on December 31, 2018. The final approval of dividend will come during the an...

Stocks descend in early trading

Stocks descend in early trading

FE Online Report 2019-02-27 12:00:01

Stocks witnessed downward trend after first hour of trading on Wednesday as cautious investors continued their selling binge on sector-wise issues. Following the previous day’s modest correctio...

BSEC to 'freeze' BO accounts of Emerald Oil sponsors, directors and top officials

BSEC to 'freeze' BO accounts of Emerald Oil sponsors, directors and top officials

FE Report 2019-02-27 10:48:03

The securities regulator has decided to 'freeze' the BO (beneficiary owner's) accounts of the sponsors, directors and four top officials of Emerald Oil Industries for not submitting the company's fina...

‘Ethical politics prerequisite for ethical financial system’

‘Ethical politics prerequisite for ethical financial system’

FE Report 2019-02-27 10:44:51

Only an ethical political system can ensure an ethical banking and financial system, an eminent economist has said at a lecture in the city. "A parliament that follows the principles of ethics is cri...

NPL volume swells to Tk 939.11 billion

NPL volume swells to Tk 939.11 billion

Siddique Islam 2019-02-27 09:28:05

The volume of classified loans in the country's banking system jumped by over 26 per cent or Tk 196.08 billion (19,608 crore) in the last calendar year despite close monitoring by the central bank. T...