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The Financial Express

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Stocks back in the red amid low turnover

Stocks back in the red amid low turnover

FE ONLINE REPORT 2020-03-04 16:24:32

Stocks slipped back to the red on Wednesday, snapping a two-day gaining streak, as cautious investors went on selling binge on sector-wise stock DSEX, the prime index of the Dhaka Stock Exchange (DSE...

Stocks witness modest gain at opening

Stocks witness modest gain at opening

FE Online Report 2020-03-04 11:48:09

Stocks witnessed a modest gain in early hours of trading on Wednesday as optimistic investors are showing their appetite on sector-wise shares. Following the previous two days’ gain, the Dhaka...

Envoy Textiles to issue preference shares

Envoy Textiles to issue preference shares

FE Report 2020-03-04 10:32:45

Envoy Textiles will raise a capital worth Tk 870 million issuing cumulative preference shares to expand business and repay high cost debt. The Bangladesh Securities and Exchange Commission (BSEC) on...

Top ten cos snare one-fifth turnover

Top ten cos snare one-fifth turnover

FE Report 2020-03-04 10:31:16

VFS Thread Dyeing dominated the Dhaka bourse's transaction chart Tuesday while ten most-traded stocks accounted for more than one-fifth transaction. Market operators said investors continued to show...

Inflation drops further in February

Inflation drops further in February

FE Online Report 2020-03-03 20:10:32

Monthly inflation rate, calculated on the basis of consumer price index (CPD), declined further in February this year to 5.46 per cent from 5.57 per cent in January. The rate was recorded at 5.75 per...

HC issues rule on 9pc interest rate

HC issues rule on 9pc interest rate

-- 2020-03-03 17:37:34

The High Court has issued a rule questioning the legality of Bangladesh Bank's circular fixing the interest rate on all loans, except for credit cards, at 9 per cent. Justice Abu Taher Md Saifur Rahm...

BEZA gets $20.5b investment proposals

BEZA gets $20.5b investment proposals

-- 2020-03-03 14:57:16

Bangladesh Economic Zones Authority (BEZA) has received investment proposals amounting to around 20.50 billion US Dollar from 151 local and foreign business entities, officials said. Out of the inves...

Stocks open on positive note amid low turnover

Stocks open on positive note amid low turnover

FE Online Report 2020-03-03 11:47:24

Stocks witnessed upward trend in early hours of trading on Tuesday as optimistic investors are showing their appetite on sector-wise shares. Following the previous day’s modest gain, the Dhaka...

DCCI for active bond market

DCCI for active bond market

FE REPORT 2020-03-03 11:37:21

The Dhaka Chamber of Commerce and Industry (DCCI) put forward on Monday a set of recommendations to the government that include development of bond market and infrastructure for the country's economic...

Capital mkt needs quality IPOs

Capital mkt needs quality IPOs

FE Report 2020-03-03 11:31:05

The country's capital market requires more companies having good fundamentals to enhance the market cap to GDP (gross domestic product) ratio like other neighbouring countries. The chairman of Dhaka...

Far Chemical generates highest turnover

Far Chemical generates highest turnover

FE Report 2020-03-03 11:29:33

Ten most-traded stocks accounted for 23 per cent transaction of Dhaka Stock Exchange (DSE) on Monday while Far Chemical Industries topped the turnover chart. Market insiders said investors continue...

Single-digit interest rate: ICB wants in on new regime

Single-digit interest rate: ICB wants in on new regime

SYFUL ISLAM 2020-03-03 10:55:07

The Investment Corporation of Bangladesh, or ICB, has requested the government to cut interest rate on term deposits it took from banks to support the stock market. Presently, the corporation has som...

Import fall pushes up tax revenue shortfall

Import fall pushes up tax revenue shortfall

FE Report 2020-03-03 10:50:10

Tax revenue shortfall aggravated further, hovering to a deficit worth Tk 374.97 billion against its target until January of the current fiscal year (FY), 2019-20, largely due to fall in import of reve...

Labour-saving tech shrinks job growth

Labour-saving tech shrinks job growth

FE REPORT 2020-03-03 09:54:14

Employment growth in the manufacturing sector has decelerated in recent years, accelerated by investment in higher productivity, according to an economist. Rizwanul Islam, visiting senior fellow of t...

Stocks break week-long losing streak

Stocks break week-long losing streak

FE Online Report 2020-03-02 15:58:11

Stocks rebounded in the positive terrain on Monday, snapping a seven-day losing streak, as bargain hunters showed their buying appetite on sector-wise shares. DSEX, the prime index of the Dhaka Stock...

Seminar on Role of Financial Reporting Tuesday

Seminar on Role of Financial Reporting Tuesday

FE Online Desk 2020-03-02 13:13:20

A seminar on “The Role of Financial Reporting in the Development of Capital Market, arranged by Bangladesh Merchant Bankers Association (BMBA) will be held on Tuesday. Dr. Mashiur Rahman, Econo...

IDLC to launch its first venture capital fund

IDLC to launch its first venture capital fund

FE Online Desk 2020-03-02 13:03:27

IDLC Finance will launch its first venture capital fund Tuesday. The launching event will be graced by Member of Parliament & State Minister of Information and Technology Division, Zunaid Ahmed P...

Bourses open higher amid low turnover

Bourses open higher amid low turnover

FE Online Report 2020-03-02 11:30:45

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

Listed cos under banking, NBFI, ins sectors should comply with IFRS

Listed cos under banking, NBFI, ins sectors should comply with IFRS

FE Desk Report 2020-03-02 11:19:21

All listed entities encompassing banks, non-banking financial institutions (NBFIs) and insurance sectors should follow the international financial reporting standards (IFRS) to ensure transparency and...

July-Feb remittance flow crosses $12b

July-Feb remittance flow crosses $12b

SIDDIQUE ISLAM 2020-03-02 10:15:09

The flow of inward remittances crossed US$12 billion in the first eight months of this fiscal year (FY), despite a significant fall in February, officials said. The inflow of remittances grew by more...

Stocks extend losses for seven days

Stocks extend losses for seven days

FE Online Report 2020-03-01 17:35:50

Stocks extended the losing streak for the seven straight sessions on Sunday as worried investors continued to dump their holdings, fearing further fall of share price. DSEX, the prime index of the Dh...

Writ challenges BB circular on single-digit loan interest

Writ challenges BB circular on single-digit loan interest

-- 2020-03-01 15:46:31

A writ petition was filed with the High Court on Sunday challenging a Bangladesh Bank circular that fixed 9 per cent loan interest. Law student Mahfuzur Rahman filed the petition with the High Court,...

Walton’s share bidding begins Monday

Walton’s share bidding begins Monday

FE Online Report 2020-03-01 14:01:05

The bidding period for eligible investors to discover the cut-off price of Walton Hi-Tech Industries shares through electronic subscription system will commence tomorrow (Monday). The electronic bidd...

BRAC Bank  workshop on “Mastering FX Market and Technicals with Bourse Game”

BRAC Bank workshop on “Mastering FX Market and Technicals with Bourse Game”

FE Online Desk 2020-03-01 12:49:59

BRAC Bank organized a workshop on “Mastering FX Market and Technicals with Bourse Game” recently in Cox’s Bazar district. The workshop brought together foreign exchange dealers from...

Stocks witness steep fall at open

Stocks witness steep fall at open

FE Online Report 2020-03-01 11:30:14

Stocks witnessed sharp fall in the early hours of trading on Sunday as worried investors continued their selling binge on major sectors’ shares, fearing further fall. Following the previous wee...

Weekly review: Stocks tumble as panic grips investors

Weekly review: Stocks tumble as panic grips investors

Babul Barman 2020-02-29 10:57:42

Stocks tumbled in the outgoing week as worried investors' dumped their holdings amid concern on the looming impact of the single-digit interest rate on the banking business. Due to coronavirus pandem...

Six cos recommend dividend

Six cos recommend dividend

FE Report 2020-02-29 10:54:15

The board of directors of six listed firms declared dividend up to 530 per cent for the year ended on December 31, 2019 in the outgoing week. The companies are: GlaxoSmithKline Bangladesh, British Am...

Post office savings: Govt moves to make NID mandatory

Post office savings: Govt moves to make NID mandatory

JASIM UDDIN HAROON 2020-02-29 10:30:37

The government is set to make use of national identity cards mandatory for the people willing to open accounts with Sanchaya Bank which belongs to Bangladesh Post Office. The latest move is seen as a...

Many cos miss IPO fund use deadlines

Many cos miss IPO fund use deadlines

MOHAMMAD MUFAZZAL 2020-02-29 10:21:36

Many listed companies failed to utilise the IPO (initial public offering) funds within the stipulated time mentioned in their prospectuses. Some of them even could not complete the fund use within th...

Coronavirus may bring fortune for Bangladesh

Coronavirus may bring fortune for Bangladesh

FE Report 2020-02-28 10:50:59

The spread of new coronavirus (COVID-19) in China may bring fortune for a booming economy like Bangladesh as many countries have by now realised that dependence on a single country for sourcing produc...