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The Financial Express

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Weekly review: Stocks tumble despite new circuit breaker

Weekly review: Stocks tumble despite new circuit breaker

Babul Barman 2020-03-21 12:16:33

The capital market passed a chaotic week as securities regulator imposed new circuit breaker. The bourses also decided to cut an hour trading time to minimize the losses due to free-fall of stock pri...

British cos to support BD's growth

British cos to support BD's growth

FE Desk Report 2020-03-21 12:15:32

British Business Group (BBG) recently organised a breakfast meeting to discuss trade between the UK and Bangladesh. The meeting was co-hosted by Robert Chatterton Dickson, the British High Commission...

Indo-Bangla economic partnership: Terms ready to launch jt study on advanced FTA

Indo-Bangla economic partnership: Terms ready to launch jt study on advanced FTA

SYFUL ISLAM 2020-03-21 10:12:07

Bangladesh and India are set to start a joint study on the signing of an advanced free trade area deal under the banner of comprehensive economic partnership agreement, or CEPA, said officials. The t...

Virus response: Govt seeks $100m from WB

Virus response: Govt seeks $100m from WB

FHM HUMAYAN KABIR 2020-03-21 09:46:11

The government sent a project concept paper to the World Bank (WB) last week, seeking fund for facilitating surveillance, investigation and rapid response system to stop spreading Coronavirus outbreak...

NBR to examine ongoing projects' progress Sunday

NBR to examine ongoing projects' progress Sunday

DOULOT AKTER MALA 2020-03-20 11:48:27

The National Board of Revenue (NBR) is going to scrutinise progress of some 25 ongoing projects of its customs, VAT and income tax wings to indentify bottlenecks in their implementation. The NBR C...

Monno Ceramic tops DSE turnover

Monno Ceramic tops DSE turnover

FE Report 2020-03-20 11:29:39

Ten most traded companies accounted for 21 per cent transactions on the Dhaka Stock Exchange (DSE) on Thursday, with Monno Ceramic generating the highest turnover. According to the DSE data, some 306...

ADP chopped by Tk 98b

ADP chopped by Tk 98b

FE REPORT 2020-03-20 11:12:23

The government on Thursday endorsed a Tk 1.93 trillion development programme slashing allocations by Tk 98 billion from the original outlay due mainly to the poor implementation by public agencies. P...

Pandemic fallout: BB unveils package to benefit businesses

Pandemic fallout: BB unveils package to benefit businesses

SIDDIQUE ISLAM 2020-03-20 09:49:20

The central bank has unveiled a stimulus package to help businesses ride out the storm of the pandemic, officials said. Under the package, businessmen will get a string of benefits, including easin...

BB to announce bailout programme for foreign trade

BB to announce bailout programme for foreign trade

FE Online Report 2020-03-19 16:40:24

The central bank of Bangladesh is going to announce a bailout programme soon aiming to facilitate the country’s foreign trade that faces a setback following the coronavirus outbreak. Under the...

BB asks banks to suspend loan classification till June

BB asks banks to suspend loan classification till June

FE Online Report 2020-03-19 15:58:41

The central bank of Bangladesh has relaxed its policy asking the scheduled banks to suspend adverse classification of any loans till June 30 to facilitate business activities that have been adversely...

DSEX jumps 371 points on BSEC moves

DSEX jumps 371 points on BSEC moves

FE Online Report 2020-03-19 15:58:37

The key index of the prime bourse recovered 371 points or more than 10 per cent on Thursday in a 30 minutes trading session due to circuit breaker system. Trading at bourses started at 2:00pm, a thre...

Trading starts at 2:00pm on new circuit breaker

Trading starts at 2:00pm on new circuit breaker

FE ONLINE REPORT 2020-03-19 14:34:38

Trading at both the bourses started at 2:00pm on Thursday — a three hours delay that resulted from setting emergency circuit breaks on stock prices. It will continue until 2:30pm today. Accord...

Trading at bourses now begin at 2:00pm today

Trading at bourses now begin at 2:00pm today

FE Online Report 2020-03-19 13:23:18

Trading at the bourses will now begin at 2:00pm today (Thursday) instead of 1:0pm, DSE said in a statement. However, people filmier with matter said, trading may be suspended today as the bourses are...

DSE wipes out Tk 442b in market cap in seven days

DSE wipes out Tk 442b in market cap in seven days

FE Report 2020-03-19 11:29:26

The benchmark index of the Dhaka Stock Exchange (DSE) erased 683 points in seven straight sessions since Bangladesh confirmed the first case of coronavirus on March 8. The market also lost Tk 442 bil...

Square Pharma generates highest turnover on DSE

Square Pharma generates highest turnover on DSE

FE Report 2020-03-19 11:26:58

Square Pharmaceuticals generated the highest turnover on the Dhaka Stock Exchange (DSE) on Wednesday, as the ten most-traded stocks accounted for 24 per cent of total transactions on the bourse. Mark...

Trading at bourses now start at 1pm today

Trading at bourses now start at 1pm today

FE Online Report 2020-03-19 11:19:57

Trading at the bourses will begin at 1:00pm instead of 10:30am on Thursday, officials said. The bourses are working to set circuit breaker on index in line with securities regulator’s instruc...

Bourses cut one-hour trading due to virus scare

Bourses cut one-hour trading due to virus scare

FE ONLINE REPORT 2020-03-18 19:43:59

Following the free-fall of stocks prices, Dhaka Stock Exchange and the Chittagong Stock Exchange have decided to cut by one hour trading time effective from Thursday. The decision was taken on Wednes...

Stocks tumble further amid panic-driven sell-off

Stocks tumble further amid panic-driven sell-off

FE Online Report 2020-03-18 15:53:41

Stocks tumbled further on Wednesday as panic gripped investors amid growing tension over the impacts of coronavirus. The market opened on flying note and key index jumped more than 106 points within...

Stocks fail to stay positive as panic grips

Stocks fail to stay positive as panic grips

FE Online Report 2020-03-18 12:03:21

Stocks witnessed steep fall after first hour of trading on Wednesday amid growing tension over the impacts of coronavirus outbreak. The market opened on flying note and key index jumped 106 points wi...

Stocks open on flying note riding on banks

Stocks open on flying note riding on banks

FE Online Report 2020-03-18 11:45:02

Stocks witnessed steep rise at the opening session in the morning riding on the news that the banks have started to invest in the share market from today (Wednesday). The banks agreed to invest in th...

MNCs face onslaught of COVID-19 pandemic

MNCs face onslaught of COVID-19 pandemic

FE Report 2020-03-18 11:36:24

Share prices of listed multinational companies (MNCs) declined more than 15 per cent in last three sessions as the country's capital markets suffered sharp losses amid panic-driven selling pressure....

Nine cos to hold AGMs by Mar 31

Nine cos to hold AGMs by Mar 31

FE Report 2020-03-18 11:34:56

Nine more listed companies, including four insurers, will hold annual general meetings (AGMs) by March 31, 2020, according to Dhaka Stock Exchange. Recommended dividends and audited financial stateme...

Subscription of Express Insurance opens April 13

Subscription of Express Insurance opens April 13

FE Report 2020-03-18 11:30:29

The public subscription of Express Insurance is set to begin on April 13 for raising a fund worth Tk 260.79 million from the public. The initial public offering (IPO) subscription for shares by the e...

NEC set to finalise Tk 1.93t RADP

NEC set to finalise Tk 1.93t RADP

FHM Humayan Kabir 2020-03-18 10:51:45

The government is going to revise the Annual Development Programme (ADP), trimming down the allocations by Tk 102 billion to Tk 1.93 trillion, officials said on Tuesday. Cutting the highest amount fr...

IPO subscription of Express Insurance opens April 13

IPO subscription of Express Insurance opens April 13

FE Online Report 2020-03-17 18:31:36

The public subscription of Express Insurance is set to begin on April 13 for raising a fund worth Tk 260.79 million from the public. The initial public offering (IPO) subscription for shares by the e...

'BERC working to fix tariff of LPG'

'BERC working to fix tariff of LPG'

-- 2020-03-16 20:54:48

State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said that Bangladesh Energy Regulatory Commission (BERC) is working to fix the tariff of liquid petroleum gas (LPG). The state...

DSEX hits 6.5 yrs low as panic grips

DSEX hits 6.5 yrs low as panic grips

FE Online Report 2020-03-16 16:52:38

Stocks kept tumbling for three straight sessions amid growing tension over the impacts of coronavirus outbreak as three more cases of COVID-19 confirmed in Bangladesh. Market analysts said the massiv...

CSE puts thrust on launching new products

CSE puts thrust on launching new products

FE Online Desk 2020-03-16 12:54:20

Chittagong Stock Exchange (CSE) Sunday said the market needs more products including exchange traded funds (ETF) to increase depth.  The newly-constituted CSE Board  made the suggestion w...

Stocks see downturn in early trading

Stocks see downturn in early trading

FE Online Report 2020-03-16 11:40:01

Stocks witnessed a downward trend in the early trading on Monday amid growing tension over the impacts of coronavirus outbreak. Within 15 minutes of trading, DSEX, the key index of DSE, rose more tha...

Combating virus: ERD seeks project proposals to get fund from WB

Combating virus: ERD seeks project proposals to get fund from WB

SYFUL ISLAM 2020-03-16 10:38:54

The Economic Relations Division (ERD) has requested the health ministry to immediately send project proposals to get fund launched by the World Bank to prevent coronavirus (COVID-19). On March 03, th...