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The Financial Express

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BSEC for freezing bank account of C & A Textiles, Tung Hai Knitting directors

BSEC for freezing bank account of C & A Textiles, Tung Hai Knitting directors

FE REPORT 2020-08-19 09:58:13

The securities regulator has requested the central bank to freeze bank account of all directors, including managing directors, of two listed companies as they sold shares unlawfully. The Bangladesh S...

SBAC Bank approves 10pc stock dividend

SBAC Bank approves 10pc stock dividend

FE DESK REPORT 2020-08-19 09:56:09

The 7th Annual General Meeting of South Bangla Agriculture and Commerce (SBAC) Bank Limited was held online on Tuesday, said a statement. S.M. Amzad Hossian, Chairman of SBAC Bank, presided over the...

DSE seeks stimulus package to help brokerage houses

DSE seeks stimulus package to help brokerage houses

FE ONLINE REPORT 2020-08-18 20:39:53

The Dhaka Stock Exchange (DSE) Limited has sought low-cost fund as financial stimulus package to meet operational expenses of brokerage houses and merchant banks amid the ongoing Covid-19 pandemic. T...

Stocks extend losses as profit booking sell-offs continues

Stocks extend losses as profit booking sell-offs continues

FE ONLINE REPORT 2020-08-18 16:24:19

Stocks extended the losing spell for the two consecutive sessions on Tuesday as risk-averse investors continued their profit booking sell-offs on major sector shares. DSEX, the prime index of the Dha...

Subscription of Pragati Life’s rights to begin Sept 24

Subscription of Pragati Life’s rights to begin Sept 24

FE ONLINE REPORT 2020-08-18 12:03:48

Rights shares subscription of Pragati Life Insurance is set to begin September 24, aiming to raise Tk 230.27 million through rights issuance. The subscription period for the life insurer will be cont...

Bourses open higher after single-day break

Bourses open higher after single-day break

FE ONLINE REPORT 2020-08-18 11:58:27

Stocks witnessed an upward trend in early trading on Tuesday as optimistic investors showed their buying spree on sector-wise issues amid high expectations. Following the previous day’s major c...

High net worth investors lift mkt

High net worth investors lift mkt

 Mohammad Mufazzal and Babul Barmon 2020-08-18 09:23:29

Active participation of high net worth individuals has given boost to the capital market in recent days, according to market insiders and experts. Other factors such as lower returns on the money mar...

Europe stuck on the ground as China markets jump

Europe stuck on the ground as China markets jump

REUTERS 2020-08-17 16:11:03

Shares crept back toward recent peaks on Monday as Chinese markets swung higher, while investors waited to see if the recent sell-off in longer-dated US Treasuries would be extended and perhaps take s...

Stocks break three-day rally on profit booking

Stocks break three-day rally on profit booking

FE ONLINE REPORT 2020-08-17 15:25:49

Stocks broke the three-day sharp rally on Monday as risk-averse investors went for short-term profit booking on sector-specific shares. DSEX, the prime index of the Dhaka Stock Exchange, went down by...

Asia shares push ahead as China markets jump

Asia shares push ahead as China markets jump

REUTERS 2020-08-17 13:21:36

Asian shares crept back toward recent peaks on Monday as Chinese markets swung higher, while investors waited to see if the recent sell-off in longer-dated US Treasuries would extend and maybe take so...

Stocks down at opening as investors booking profits

Stocks down at opening as investors booking profits

FE ONLINE REPORT 2020-08-17 12:34:54

Stocks witnessed downward trend in early trading on Monday as risk-averse investors are booking profit on sector-wise issues after sharp recent upsurge. After hitting the DSE key index 10 months high...

Bourses keep gaining amid soaring turnover

Bourses keep gaining amid soaring turnover

FE ONLINE REPORT 2020-08-16 16:12:34

Stocks kept the soaring trend with core index of the Dhaka Stock Exchange (DSE) crossed the 4,800-mark after 10 months as investors continued their buying spree on large-cap issues amid optimism. DSE...

Pragati Life gets BSEC nod to raise Tk 230.27m in rights offer

Pragati Life gets BSEC nod to raise Tk 230.27m in rights offer

FE ONLINE REPORT 2020-08-16 12:11:48

The Bangladesh Securities and Exchange Commission (BSEC) has approved Pragati Life Insurance’s application to raise Tk 230.27 million through rights issue. The rights issue is an offer of new s...

Stocks soar at opening amid growing confidence

Stocks soar at opening amid growing confidence

FE ONLINE REPORT 2020-08-16 10:48:21

Stocks witnessed a steep rise in early trading on Sunday as enthusiastic investors continued their buying spree on large-cap issues riding on regulatory moves to restore discipline in the market. Fol...

Concerted efforts a must to develop capital market

Concerted efforts a must to develop capital market

FE REPORT 2020-08-16 09:59:32

The securities regulator and other stakeholders have laid importance on sustainable development of the capital market to ensure its contribution to national economy. Their opinion came at a webinar a...

Ten issues grab 24pc transaction

Ten issues grab 24pc transaction

FE REPORT 2020-08-15 10:07:51

Ten most-traded stocks accounted for 24 per cent of the total transactions on the Dhaka Stock Exchange (DSE) in the outgoing week while Beximco Pharmaceuticals topped the list for the two consecutive...

Weekly market review: Core index adds 742 points in eight straight weeks

Weekly market review: Core index adds 742 points in eight straight weeks

BABUL BARMAN 2020-08-15 09:38:06

Stocks witnessed yet another strong bullish week that ended on Thursday, extending the winning streak for the eight consecutive weeks. The enthusiastic investors put fresh stakes on large-cap stocks...

City Bank approves 15pc cash div

City Bank approves 15pc cash div

FE DESK REPORT 2020-08-14 09:48:07

The 37th Annual General Meeting (AGM) of City Bank was held on Thursday on virtual platform. Aziz Al Kaiser, Chairman of the Bank, presided over the meeting, said a statement. Following the Board of...

BSEC restructures Z-category companies’ boards

BSEC restructures Z-category companies’ boards

FE Report 2020-08-14 09:42:19

The securities regulator has taken a number of decisions including restructuring the boards of 'Z' category companies for bringing positive changes in their operations. The decisions were taken on...

City Bank approves 15pc cash dividend

City Bank approves 15pc cash dividend

FE Online Desk 2020-08-13 17:09:19

The 37th Annual General Meeting (AGM) of City Bank was held on Thursday on virtual platform.   Aziz Al Kaiser, Chairman of the Bank, presided over the meeting.   Following the Board of D...

Berger’s EPS tumbles 79pc in Apr-Jun quarter

Berger’s EPS tumbles 79pc in Apr-Jun quarter

FE ONLINE REPORT 2020-08-13 16:28:39

The earnings per share (EPS) of Berger Paints Bangladesh Ltd has plunged 79 per cent year-on-year in April-June, 2020 quarter due to lower sales during the countrywide lockdown. The multinational com...

Stocks keep gaining riding on regulatory moves

Stocks keep gaining riding on regulatory moves

FE ONLINE REPORT 2020-08-13 15:27:39

Daily trade turnover on Dhaka Stock Exchange (DSE) scaled Tk 12-billion mark on Thursday once again as investors put fresh stakes on stocks amid growing confidence in the market. Turnover, a crucial...

GSP Finance declares 10.5pc dividend

GSP Finance declares 10.5pc dividend

FE ONLINE REPORT 2020-08-13 11:22:04

The board of directors of GSP Finance Company (Bangladesh) Ltd has recommended 6.0 per cent cash and 4.50 per cent stock dividend for the year ended on December 31, 2019. The final approval will come...

Stocks jump at opening amid growing confidence

Stocks jump at opening amid growing confidence

FE ONLINE REPORT 2020-08-13 10:58:36

Stocks on the bourses witnessed sharp rise in early trading on Thursday as enthusiastic investors continued their buying spree on large-cap issues riding on regulatory moves to restore discipline in t...

Shahjalal Islami Bank approves 10pc dividend

Shahjalal Islami Bank approves 10pc dividend

FE DESK REPORT 2020-08-13 10:07:38

The 13th Extra-Ordinary General Meeting (EGM) and 19th Annual General Meeting (AGM) of Shahjalal Islami Bank Limited were held on Wednesday through digital platform, said a statement. Chairman of the...

Stocks rebound strongly on regulatory moves

Stocks rebound strongly on regulatory moves

FE ONLINE REPORT 2020-08-12 15:39:05

Stocks rebounded strongly on Wednesday, after a single-day break, amid growing investors’ confidence following the securities regulator’s hard stance on the mandatory shareholding issue....

Agrani Insurance declares 10pc cash dividend

Agrani Insurance declares 10pc cash dividend

FE ONLINE REPORT 2020-08-12 10:28:28

The board of directors of Agrani Insurance Company Limited has recommended 10 per cent cash dividend for the year ended on December 31, 2019. The final approval will come during the annual general me...

General insurers’ share prices soaring sans PSI

General insurers’ share prices soaring sans PSI

FE REPORT 2020-08-12 09:58:55

Share prices of general insurance companies are soaring without having any undisclosed price sensitive information while three companies share price doubled in a month. Of the 35 general insurance co...

BB special funds for capital mkt: Lukewarm investment response from banks

BB special funds for capital mkt: Lukewarm investment response from banks

MOHAMMAD MUFAZZAL 2020-08-12 09:24:50

The country's capital market has so far received poor response in terms of investment from the banks under a special initiative of the central bank to help stimulate the ailing stock market, officials...

Premier Bank AGM approves 5.0pc cash, 5.0pc stock dividend

Premier Bank AGM approves 5.0pc cash, 5.0pc stock dividend

FE DESK REPORT 2020-08-11 09:56:47

The Premier Bank Limited held its 21st Annual General Meeting on digital platform on Monday. Chairman of the Bank Dr. H. B. M. Iqbal, Vice Chairman Moin Iqbal, Advisor Muhammed Ali and Managing Direct...