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The Financial Express

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DSEX sinks below 5,000-mark in early trading

DSEX sinks below 5,000-mark in early trading

FE Online Reports 2019-07-22 11:49:23

The key index of the premier bourse slumped below 5,000-mark in early trading on Monday after 31 months as investors mostly on selling spree, fearing further fall. Following the previous day’s...

Posts of MDs at DSE, CSE remain vacant

Posts of MDs at DSE, CSE remain vacant

FE Report 2019-07-22 10:34:09

The posts of managing directors (MDs) at both the stock exchanges of the country have remained vacant due to delay in completing the appointment process. Presently, two senior officials are working a...

Fortune signs export deal with Steve Madden

Fortune signs export deal with Steve Madden

FE Report 2019-07-22 10:32:39

Fortune Shoes Ltd. has signed an agreement with New York-based Steve Madden for export of shoes worth US$ 4.0 million (Tk 340 million) which is scheduled to be shipped by October 2019. The agreemen...

Ten cos account for 25pc transactions on DSE

Ten cos account for 25pc transactions on DSE

FE Report 2019-07-22 10:30:59

Ten most traded companies accounted for one-fourth transactions on the Dhaka Stock Exchange (DSE), with the Fortune Shoes bagging the top spot on the turnover chart for the third straight session on S...

Writing off bad loans: Bankers want it to be a judgement call

Writing off bad loans: Bankers want it to be a judgement call

Siddique Islam 2019-07-22 09:51:29

Country's top bankers Sunday proposed amending the existing loan write-off policy so that they could rid themselves of bad loans that, according to them, were not recoverable, officials said. Under t...

NBR earns Tk 24.13b through ADR in two fiscal years

NBR earns Tk 24.13b through ADR in two fiscal years

-- 2019-07-21 20:29:56

The National Board of Revenue (NBR) earned Tk 24.13 billion in the last two fiscal years by disposing of some 345 revenue-related cases through the Alternative Dispute Resolution (ADR) system. Accord...

Speakers stress coordination between academicians and policy makers to achieve SDGs

Speakers stress coordination between academicians and policy makers to achieve SDGs

-- 2019-07-21 18:29:59

South Asian Network on Economic Modeling (SANEM) SDG Centre hosted its first workshop on “Three Pillars of Sustainable Development Goals (SDGs)” on July 20, 2019 at SANEM office, Dhaka. T...

DSEX sees biggest sinlge-day fall in 17 months

DSEX sees biggest sinlge-day fall in 17 months

-- 2019-07-21 17:13:02

Stocks witnessed the biggest single-day fall in 17 months on Sunday as worried investors continued their selling spree, feraing further fall. DSEX, the prime index of the DSE, settled at 5,033, plung...

Stocks witness sharp fall in early trading

Stocks witness sharp fall in early trading

FE Online Report 2019-07-21 11:35:28

Stocks witnessed a sharp decline in early hour of trading on Sunday as investors mostly remained on selling spree, fearing further fall. Following the previous week’s downturn, the Dhaka Stock...

Ministry sends biotechnology policy draft to cabinet soon

Ministry sends biotechnology policy draft to cabinet soon

Talha Bin Habib 2019-07-20 10:50:25

The Ministry of Industries (MoI) has prepared a draft of the Industrial Biotechnology Policy Guidelines 2019 with an objective to explore and utilise biotechnological knowledge for ensuring due contri...

Weekly analysis: Bearish spell continues for 3rd straight week

Weekly analysis: Bearish spell continues for 3rd straight week

Babul Barman 2019-07-20 10:33:20

Stocks witnessed yet another bearish week that ended on Thursday, extending the losing streak for the third straight week, as most investors moved to the sidelines, demonstrating low level of confid...

Fortune tops weekly turnover chart

Fortune tops weekly turnover chart

FE Report 2019-07-20 10:30:36

Ten most traded companies accounted for 24 per cent transactions on the Dhaka Stock Exchange (DSE) in the outgoing week, with the Fortune Shoes making it to the top of the turnover list. Market ins...

Ten cos account for 36pc transactions on DSE

Ten cos account for 36pc transactions on DSE

FE Report 2019-07-19 10:36:56

Ten most traded companies accounted for 36 per cent transactions on the Dhaka Stock Exchange (DSE) on Thursday, with the Fortune Shoes bagging the top spot on the turnover chart for the second straigh...

Berger EPS up 50.47pc

Berger EPS up 50.47pc

FE Report 2019-07-19 10:34:46

The consolidated earnings per share (EPS) (un-audited) of Berger Paints Bangladesh rose 50.47 per cent in April-June quarter year on year. The multinational company's consolidated EPS was Tk 11.12...

Kamal assails investors seeking quick gains

Kamal assails investors seeking quick gains

FE Report 2019-07-19 09:55:26

Finance minister AHM Mustafa Kamal launched a vitriolic attack on stock market investors who tend to gain quickly rather than making long-term investment. "Our investors want to make profit only. The...

Revenue officials greet DCs' offer  with concern

Revenue officials greet DCs' offer with concern

FE Report 2019-07-19 09:44:43

The revenue officials have strongly opposed the recent proposal of the deputy commissioners (DCs) under administration cadre to involve them in the government's tax revenue collection process. Both B...

Stocks slip into red following bumpy ride

Stocks slip into red following bumpy ride

FE Online Report 2019-07-18 17:17:33

Stocks slipped into the red on Thursday after two positive sessions, as investors mostly followed cautious stance.  Market analysts said most of the investors maintained their cautious stance ah...

PFC accounts can be used to make import payment

PFC accounts can be used to make import payment

FE Report 2019-07-18 11:43:41

The central bank has allowed Private Foreign Currency (PFC) account-holders to use their accounts' balance for making import payment obligations, officials said. "….funds from PFC accounts may...

Berger’s EPS climbs 50.47pc in Apr-June quarter

Berger’s EPS climbs 50.47pc in Apr-June quarter

FE Online Report 2019-07-18 11:38:38

The consolidated earnings per share (EPS) (un-audited) of Berger Paints Bangladesh rose 50.47 per cent in April-June, 2019 quarter compared to the same quarter a year ago. The multinational company...

Stocks fall as investors take cautious stance

Stocks fall as investors take cautious stance

FE Online Reports 2019-07-18 11:37:21

Stocks witnessed downward trend in early hours of trading on Thursday as investors mostly followed cautious stance. Following the previous two days’ marginal gain, the Dhaka Stock Exchange (DSE...

BSEC revises auditors' panel for listed companies

BSEC revises auditors' panel for listed companies

FE Report 2019-07-18 10:27:36

The securities regulator on Tuesday approved and published the revised auditors' panel list for the listed companies, dropping Ahmad & Akhtar Chartered Accountants from the list. According to t...

DSE rearranges DS30 Index

DSE rearranges DS30 Index

FE Report 2019-07-18 10:26:16

The Dhaka Stock Exchange (DSE) has rearranged its blue chip index (DS30) as part of its semi-annual rebalancing of indices. After the rebalancing of DS30, carried out as per the criteria set by S&amp...

Fortune Shoes tops turnover chart

Fortune Shoes tops turnover chart

FE Report 2019-07-18 10:23:52

Ten most traded companies accounted for 28 per cent transactions on the Dhaka Stock Exchange (DSE) on Wednesday, with the Fortune Shoes bagging the top spot on the turnover chart. Market insiders s...

Robust financial sector can be fourth driver of BD economy: ADB

Robust financial sector can be fourth driver of BD economy: ADB

-- 2019-07-17 19:11:26

Bangladesh needs to be serious to get the fourth pillar for its growing economy giving much importance to financial sector development to successfully make the country one of the top 20 economies of t...

Stocks keep gaining amid choppy trading

Stocks keep gaining amid choppy trading

FE Online Report 2019-07-17 16:18:08

Stocks posted marginal gain for the second straight session on Wednesday amid volatile trading. Market analysts said despite the market edged up, most of the investors remained cautious ahead of earn...

Stocks rise amid low turnover at opening

Stocks rise amid low turnover at opening

FE Online Reports 2019-07-17 11:32:10

Stocks witnessed positive trend in early hours of trading on Wednesday as investors showed their buying spree on sector-wise shares. Following the previous day’s steep decline, the Dhaka Stock...

Sea Pearl Beach Resort jumps 261pc on DSE trading debut

Sea Pearl Beach Resort jumps 261pc on DSE trading debut

FE Report 2019-07-17 10:46:33

Sea Pearl Beach Resort & Spa Ltd. made a flying trading debut on both the bourses on Tuesday as its share price jumped as high as 261 per cent riding on the investors' 'irrational hype' over the n...

BSEC approves draft prospectus of new mutual fund

BSEC approves draft prospectus of new mutual fund

FE Report 2019-07-17 10:44:47

The securities regulator has approved the draft prospectus of an open-ended mutual fund, Capitec Popular Life Unit Fund, with an initial target size of Tk 250 million. The approval came at a meeting...

Import growth 6.0pc in July-May of FY '19

Import growth 6.0pc in July-May of FY '19

FE Report 2019-07-17 10:12:24

Country's imports grew by nearly 6.0 per cent in the first 11 months of fiscal year (FY) 2018-19, riding on higher construction material imports, officials said. The actual import in terms of the set...

BD gets $6.21b foreign aid, $9.78b pledged in FY ‘19

BD gets $6.21b foreign aid, $9.78b pledged in FY ‘19

FHM Humayan Kabir 2019-07-17 09:57:13

Bangladesh received foreign assistance amounting to US$ 6.21 billion in the last fiscal year (FY), 2018-19, which was nearly $150 million lower than that of the previous fiscal, official data showed o...