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The Financial Express

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Nine years on, DSE yet to get dividends from demutualisation

Nine years on, DSE yet to get dividends from demutualisation

MOHAMMAD MUFAZZAL 2022-11-06 09:19:11

Nine years have gone by but the Dhaka Stock Exchange has not yet benefitted from the 2013 demutualisation of the capital market-independent decision-making by a vibrant management detached from the gr...

Tax receipts from DSE drop 16pc in Oct

Tax receipts from DSE drop 16pc in Oct

BABUL BARMAN 2022-11-05 10:18:18

The government's revenue earnings from the Dhaka Stock Exchange (DSE) slumped 16 per cent month-on-month in October on the back of falling turnover value. Market analysts said the turnover fell sharp...

Secondary market needs supply of more T-bonds

Secondary market needs supply of more T-bonds

FE REPORT 2022-11-04 13:59:11

The country's stock market will see spontaneous transactions of treasury bonds (T-Bonds) if primary dealers inspire bondholders to sell such securities in the secondary market. Dr Shaikh Shamsuddin A...

LafargeHolcim stands out among cement makers: Here is why

LafargeHolcim stands out among cement makers: Here is why

BABUL BARMAN 2022-11-04 13:13:56

It is new products and an online distribution channel that helped LafargeHolcim grow at a time when other cement manufacturers are scrambling to make a profit and some even have endured the pain of si...

Bangladesh Shipping Corporation falls on DSE even after outstanding profit growth

Bangladesh Shipping Corporation falls on DSE even after outstanding profit growth

MOHAMMAD MUFAZZAL 2022-11-03 15:14:23

State-owned Bangladesh Shipping Corporation (BSC) suffered a fall on the stock market on Wednesday as investors were frustrated over 20 per cent cash dividend that it declared for the fiscal 2021-22 e...

BD Thai’s profit slumps 98pc, declares no dividend

BD Thai’s profit slumps 98pc, declares no dividend

FE ONLINE REPORT 2022-11-03 14:58:22

Bangladesh Thai Aluminium’s net profit tumbled 98 per cent for the year ended on June 30, 2022, compared to the previous year due to higher raw material prices and freight charges and dull econo...

Stocks open higher amid rising participation

Stocks open higher amid rising participation

FE ONLINE REPORT 2022-11-03 11:12:24

Stocks opened higher on Thursday as investors showed their buying interest in selective issues. Following the previous day’s gain, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went...

DSE, CSE gain amid rising turnover

DSE, CSE gain amid rising turnover

FE ONLINE REPORT 2022-11-02 12:28:58

Stocks opened higher on Wednesday, riding on the price appreciation in some selective stocks as the securities regulator allowed investors to purchase shares before cheque encashment. Bangladesh Secu...

BSEC restores transactions before cheque encashment

BSEC restores transactions before cheque encashment

FE REPORT 2022-11-02 11:39:32

The securities regulator has further allowed transactions against investors' cheques before encashment, subject to liabilities borne by stock brokers and merchant banks for any failure. Also, if inst...

BAT's profit soars 39pc on cost cuts, tax-efficient strategies

BAT's profit soars 39pc on cost cuts, tax-efficient strategies

MOHAMMAD MUFAZZAL 2022-11-02 11:36:39

British American Tobacco Bangladesh Company (BATBC) gained more than 39 per cent growth year-on-year in profit for the third quarter through September, leading to 100 per cent cash interim dividend....

City Bank’s EPS falls marginally

City Bank’s EPS falls marginally

FE REPORT 2022-11-01 14:11:23

The City Bank has reported consolidated earnings per share (EPS) of Tk 2.75 for January-September, 2022 as against Tk 2.77 for the same period a year ago. The company's consolidated net profit after...

DSE tech chief sent on forced leave after repeated trading disruptions

DSE tech chief sent on forced leave after repeated trading disruptions

-- 2022-11-01 13:10:07

The Bangladesh Securities and Exchange Commission has decided to send the chief technology officer of the country’s largest stock market on forced leave pending an investigation into why t...

BATBC declares 100pc interim cash dividend

BATBC declares 100pc interim cash dividend

FE ONLINE REPORT 2022-11-01 11:42:04

The board of directors of British American Tobacco has recommended 100 per cent interim cash dividend for the year ending on December 31, 2022. The record date for entitlement of interim cash dividen...

DSE, CSE open higher after two-day slump

DSE, CSE open higher after two-day slump

FE ONLINE REPORT 2022-11-01 11:01:21

Stocks opened higher on Tuesday, riding on the price appreciation in some selective stocks amidst the ongoing earnings declarations. Following the previous day’s fall, DSEX, the prime index of...

BRAC Bank's Q3 profit rises but stock lies low

BRAC Bank's Q3 profit rises but stock lies low

MOHAMMAD MUFAZZAL 2022-11-01 10:49:30

BRAC Bank is traded at depressed prices despite a whopping 53.66 per cent year-on-year profit growth in the third quarter to September this year. During this time, its consolidated earnings per share...

Deficit in confidence keeps big pharma low on bourses

Deficit in confidence keeps big pharma low on bourses

BABUL BARMAN 2022-11-01 10:23:40

Big drug makers have made no movement from floor prices on the Dhaka Stock Exchange for a while even after declaring good year-on-year profit growths in the year ended in June. And the others are goi...

Bourses marginally down at opening

Bourses marginally down at opening

FE ONLINE REPORT 2022-10-31 11:57:56

The stock market witnessed volatility at the opening on Monday as the shaky investors preferred profit-booking on sector-specific large-cap issues. Following the previous day’s correction, DSEX...

Beximco's profit doubles but stock plunges

Beximco's profit doubles but stock plunges

BABUL BARMAN 2022-10-31 11:20:20

Bangladesh Export Import Company (Beximco) dropped to 'floor price' on Sunday after it declared a growth acceleration in fiscal year 2021-22 to double the profit it made in the previous fiscal year....

IDLC Finance’s profit drops 30pc in Q3

IDLC Finance’s profit drops 30pc in Q3

FE REPORT 2022-10-31 10:54:37

IDLC Finance, one of the leading non-bank financial institutions, has reported a 30 per cent year-on-year fall in profit in the third quarter of 2022, due to low income from investment. The company&r...

Price restriction: what good does it bring for stocks?

Price restriction: what good does it bring for stocks?

MOHAMMAD MUFAZZAL 2022-10-31 10:48:48

Investors are hesitant to buy even good stocks while stuck at floor prices because they wait for further price corrections, market operators say. Price correction and appreciation are the key part of...

Eastland Insurance's profit rises over 26pc

Eastland Insurance's profit rises over 26pc

FE REPORT 2022-10-30 11:36:07

Eastland Insurance Company records positive growth in its net premium income and profit after tax for July-September, 2022. Net profit stood at Tk 25.44 million in the third quarter after a 26.19 per...

Robi's profit remains low as it burns cash

Robi's profit remains low as it burns cash

FE REPORT 2022-10-30 11:04:25

The country's second largest telecom operator Robi Axiata has reported positive earnings for July-September, 2022 after incurring loss in the immediate past quarter. The consolidated EPS, however, re...

DSE trading delayed due to 'technical glitch'

DSE trading delayed due to 'technical glitch'

FE ONLINE REPORT 2022-10-30 10:54:15

Trading at the country’s premier bourse, the Dhaka Stock Exchange (DSE), has been delayed by one and a half hours for what authorities say is a “technical glitch”. The trading will...

Olympic Industries’ profit slumps to seven-year low on high production cost

Olympic Industries’ profit slumps to seven-year low on high production cost

FE REPORT 2022-10-29 13:15:26

The net profit of Olympic Industries Limited slumped to nearly Tk 1.21 billion in fiscal year (FY) 2021-22, the lowest in seven years, dented by higher production cost and rising raw materials prices....

Weekly market review: Stocks fall as investor sentiment dips

Weekly market review: Stocks fall as investor sentiment dips

FE REPORT 2022-10-29 12:57:48

Stocks ended the outgoing week in the red, extending the losing streak to a third week, as the investors continued selloffs on sector-specific shares amid the ongoing earnings season. Of the five tra...

Metro Spinning Mills to give 8.0pc dividend

Metro Spinning Mills to give 8.0pc dividend

FE REPORT 2022-10-28 11:56:02

Metro Spinning Mills has recommended an 8.0 per cent dividend for the year ending on June 30, 2022. Of 8.0 per cent dividend, 3.0 per cent will be distributed in cash and 5.0 per cent in stock. The...

Sinobangla stock jumps 30pc after disclosure of rights issue

Sinobangla stock jumps 30pc after disclosure of rights issue

FE REPORT 2022-10-28 11:21:59

The share price of Sinobangla Industries shot up by 30 per cent or Tk 18 to Tk 78.20 on Thursday after it announced rights issues to raise the paid-up capital. The board of directors decided to issue...

Low interest income brings down DBH Finance's profit by 24pc

Low interest income brings down DBH Finance's profit by 24pc

BABUL BARMAN 2022-10-28 10:38:21

DBH Finance PLC posted a 24 per cent year-on-year fall in profit in the third quarter this year as interest income from loans dropped significantly. DBH Finance, formally known as Delta Brac Housing...

Beacon Pharma's profit rises 8.28pc

Beacon Pharma's profit rises 8.28pc

FE REPORT 2022-10-27 13:18:49

Beacon Pharmaceuticals has registered a marginal growth in earnings per share for the fiscal 2021-22 compared to the previous year. The EPS rose 8.28 per cent to Tk 4.05 from the last fiscal year. T...

Linde's profit plummets on fall in Covid-induced demand for Oxygen

Linde's profit plummets on fall in Covid-induced demand for Oxygen

BABUL BARMAN 2022-10-27 13:11:42

Linde Bangladesh, a leading medical and industrial gas producer, has reported a 23 per cent year-on-year drop in net profits for the third quarter of 2022, driven mainly by a sharp revenue fall in its...