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The Financial Express

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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...

CAPM declares unit fund NAV

CAPM declares unit fund NAV

FE Desk Report 2019-05-17 11:10:36

CAPM Company Limited has declared the Net Asset Value (NAV) of CAPM Unit Fund, said a statement. The total NAV of CAPM Unit Fund stood at Tk 83,598,288.49 on the basis of cost price and Tk 79,245,779...

BB offers spl facility to loan defaulters

BB offers spl facility to loan defaulters

FE Report 2019-05-17 09:26:59

The central bank offered a special facility to loan defaulters on Thursday, allowing them to reschedule loans by paying 2.0 per cent down payment for a maximum period of 10 years. Economist and banke...

Industrial hubs unplanned

Industrial hubs unplanned

Kamrun Nahar 2019-05-17 09:24:45

The government's industrial zones are being implemented in an unplanned way, at considerable cost to life, livelihood and the environment, rights groups alleged. They fear at least one million people...

Bank shares help stocks rebound

Bank shares help stocks rebound

FE Online Report 2019-05-16 15:41:23

Stocks rebounded on Thursday, snapping a four-day losing streak, as optimistic investors showed their buying shares, particularly on financial shares. Market analysts said investors took position on...

City Bank to issue Tk 3.0b zero coupon bonds

City Bank to issue Tk 3.0b zero coupon bonds

FE Online Report 2019-05-16 12:04:50

The board of directors of The City Bank Ltd has decided to raise Tk 3.0 billion through issuance of zero coupon bonds, said an official disclosure on Thursday. The bank will issue bonds to support it...

IFIC Bank to issue rights shares, raise paid-up capital

IFIC Bank to issue rights shares, raise paid-up capital

FE Online Report 2019-05-16 11:50:52

The board of directors of IFIC Bank has decided to issue rights shares to raise paid-up capital and to meet future capital requirement, said an official disclosure on Thursday. The rights issue is an...

DSEX gains 23 points in early trading

DSEX gains 23 points in early trading

FE Online Report 2019-05-16 11:38:02

The prices of most of the shares on bourses rose in early trading on Thursday, while the DSEX gained 23 points, as some investors showed their buying appetite on sector-wise issues. Following the pre...

Govt eyes 10m taxpayers: Kamal

Govt eyes 10m taxpayers: Kamal

FE Report 2019-05-16 11:10:01

Finance Minister A H M Mustafa Kamal said the government has a plan to raise the number of taxpayers to 10 million by the next fiscal year (FY), 2019-20. "Now the number of eligible taxpayers in the...

Most banks' EPS up in Jan-Mar

Most banks' EPS up in Jan-Mar

Babul Barman 2019-05-16 10:40:06

The consolidated earnings per share (EPS) of most of the listed banks rose in the first quarter (Q1) for January-March, 2019 of this year compared to that of the same quarter last year. EPS is the po...

Ten most-traded cos snare 30pc turnover

Ten most-traded cos snare 30pc turnover

FE Report 2019-05-16 10:36:55

Ten most-traded companies captured more than 30 per cent transaction of the Dhaka Stock Exchange (DSE) on Wednesday while Brac Bank topped the chart. Market analysts said investors were active on bot...

DSE, CSE inch up amid cautious trading

DSE, CSE inch up amid cautious trading

FE Online Report 2019-05-15 11:37:33

The prices of most of the shares on bourses saw positive trend in early trading on Wednesday as some investors showed their buying appetite on sector-wise issues. Following the previous three days&...

'Block Module' to strictly reinforce declarations on transferring shares

'Block Module' to strictly reinforce declarations on transferring shares

Mohammad Mufazzal 2019-05-15 11:03:19

The securities regulator has approved a 'Block Module' introduced to strictly reinforce the mandatory declarations required in case of transferring shares of listed companies and units of mutual funds...

IDLC 'managing capital mkt exposure prudently', says official

IDLC 'managing capital mkt exposure prudently', says official

FE Desk Report 2019-05-15 11:00:48

IDLC Finance Limited reported net profit after tax of BDT 558 million in the first quarter of 2019, posting a 1.42 per cent growth from the same period last year. Earnings per share stood at BDT 1.48...

SZSE launches market coordination mechanism with DSE

SZSE launches market coordination mechanism with DSE

FE Report 2019-05-15 10:56:38

Shenzhen Stock Exchange (SZSE) has launched the market coordination mechanism with Dhaka Stock Exchange (DSE) under the strategic investment agreement. At a seminar titled '2nd China-Bangladesh Capit...

Govt bond yield rises sharply

Govt bond yield rises sharply

Siddique Islam 2019-05-15 09:45:35

Yield on government treasury bonds (T-bonds) increased significantly on Tuesday following an upward trend in interest rates particularly on bank deposits. High yield on the government securities may...

Bangladesh urges India to withdraw anti-dumping duty

Bangladesh urges India to withdraw anti-dumping duty

-- 2019-05-14 19:25:42

Bangladesh has urged India to withdraw the anti-dumping duty imposed on Bangladeshi products in its market. Commerce Minister Tipu Munshi raised the issue during his meeting with Indian counterpart S...

DSE daily turnover dips to 14-month low

DSE daily turnover dips to 14-month low

FE Online Report 2019-05-14 17:42:33

Stocks kept their losing streak with daily trade turnover on the prime bourse dipped to 14 months low on Tuesday as investors were mostly reluctant to make fresh investment in stocks. Market analysts...

Stocks see downturn amid sluggish turnover

Stocks see downturn amid sluggish turnover

FE Online Report 2019-05-14 11:49:14

The prices of most of the shares on bourses witnessed downward trend in early trading on Tuesday as risk-averse investors continued their selling binge. Following the previous day’s fall, the D...

Ten most-traded cos snare one-fourth turnover

Ten most-traded cos snare one-fourth turnover

FE Report 2019-05-14 10:39:17

Ten most-traded companies captured one-fourth transaction of the Dhaka Stock Exchange (DSE) Monday while Fortune Shoes topped the chart for the six straight sessions. Market analysts said investors...

Bangladesh seeks to forge strong economic ties with EEU

Bangladesh seeks to forge strong economic ties with EEU

Syful Islam 2019-05-14 10:38:37

Bangladesh and the Eurasian Economic Commission (EEC) are set to sign an agreement on cooperation in 21 sectors to facilitate bilateral trade and economic development. Commerce Minister Tipu Munshi...

Govt borrowing from banks to pick up soon

Govt borrowing from banks to pick up soon

Siddique Islam 2019-05-14 09:29:25

The government's bank borrowing is set to pick up significantly in May following revenue target shortfall in recent months, officials and bankers said. Faster execution of Annual Development Programm...

MCCI lists banking sector as a major risk to economy

MCCI lists banking sector as a major risk to economy

FE Report 2019-05-14 09:21:21

The Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka has identified the present situation in the banking sector as one of the biggest risks to the economy and called for the central bank's...

Poverty rate in Bangladesh drops to 21.8pc

Poverty rate in Bangladesh drops to 21.8pc

-- 2019-05-13 18:23:21

The country’s poverty rate came down at 21.8 per cent in 2018, according to the latest data of the Bangladesh Bureau of Statistics (BBS). Meanwhile the poverty rate, as per the lower poverty li...

Stocks keep losing amid low turnover

Stocks keep losing amid low turnover

FE Online Report 2019-05-13 17:53:05

Stocks continued the losing streak for the second day in a row on Monday as shaky investors continued binge selling on sector-wise shares. Market analysts said the financial sector remained volatile...

DSE to unearth reasons for ACI subsidiary's loss

DSE to unearth reasons for ACI subsidiary's loss

FE Report 2019-05-13 11:02:23

The country's premier bourse has asked its chief regulatory officer (CRO) to submit a report by probing into the reasons of chronic loss of Swapno, a subsidiary of ACI Limited. The concerned committe...