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The Financial Express

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‘13 banks form low-interest special fund for capital market’

‘13 banks form low-interest special fund for capital market’

-- 2020-07-18 20:56:54

Bangladesh Securities and Exchange Commission (BSEC) Chairman Professor Shibli Rubayat Ul Islam has said that a total of 13 banks have formed low-interest special fund to invest in the capital market...

BSEC extends timeframe for provisioning against unrealised losses

BSEC extends timeframe for provisioning against unrealised losses

FE REPORT 2020-07-18 10:52:26

The securities regulator has extended the timeframe for keeping provision against unrealised losses in accounts of the stock dealer, stockbrokers, and merchant banks' own and their client portfolios u...

Weekly review: Stocks stay positive despite sell-offs

Weekly review: Stocks stay positive despite sell-offs

FE REPORT 2020-07-18 10:43:26

Stocks kept the positive trend for the fourth straight week that ended on Thursday despite the last four sessions of the week witnessed profit booking sell-offs. The week featured five trading sessio...

Foreign funds in stocks keep falling amid bearish mkt

Foreign funds in stocks keep falling amid bearish mkt

Babul Barman 2020-07-18 10:31:44

Net foreign investment in the Dhaka bourse has been on a downward trend for the last 14 straight months as the overseas investors continued to pull out their fund amid prolonged bearish market trend....

Asia stocks rebound as hopes of more stimulus offset virus worries

Asia stocks rebound as hopes of more stimulus offset virus worries

REUTERS 2020-07-17 13:38:06

Asian shares eked out gains and US stock futures bounced back on Friday as hopes of more government spending around the globe outweighed concerns about rising coronavirus infections and worsening tens...

BSEC body to investigate unusual transactions of Beacon Pharma, Central Pharma

BSEC body to investigate unusual transactions of Beacon Pharma, Central Pharma

FE Report 2020-07-17 10:13:41

The securities regulator has formed a two-member committee to look into the unusual transactions of the shares of two listed pharmaceuticals companies. The companies are Beacon Pharmaceuticals and Ce...

Kattali Textile, brokerage firm, individuals to face music

Kattali Textile, brokerage firm, individuals to face music

FE Report 2020-07-17 10:05:54

The securities regulator has imposed an aggregate amount of penalty worth Tk84 million on a listed company, a brokerage firm and some individuals for misuse of IPO fund and manipulating share price....

UiPath raises $225m Series E Funding Round

UiPath raises $225m Series E Funding Round

FE Online Desk 2020-07-16 18:09:36

The leading Robotic Process Automation (RPA) company, UiPath, announced it has closed its Series E investment round, raising $225 million at a post-money valuation of $10.2 billion. The round was led...

Stocks extend losses as virus fear grips markets

Stocks extend losses as virus fear grips markets

FE ONLINE REPORT 2020-07-16 16:25:21

Stocks extended the losing streak for the fourth straight session on Thursday as investors mostly remained watchful amid ongoing virus fears. The market opened on a downward trend and continued the t...

Stocks fall amid virus uncertainty

Stocks fall amid virus uncertainty

FE ONLINE REPORT 2020-07-16 11:24:54

Stocks witnessed downward trend in early trading on Thursday as investors mostly followed cautious stance amid static virus situation. Within 30 minutes of trading, DSEX lost more than 7.0 points whi...

Two more insurers declare dividend

Two more insurers declare dividend

FE ONLINE REPORT 2020-07-16 10:56:55

The board of two more insurance companies – Rupali Insurance and City General Insurance - have recommended dividend for the year ended on December 31, 2019. Rupali Insurance: The board of direc...

BSEC to help boost startup and venture capital ecosystem

BSEC to help boost startup and venture capital ecosystem

FE DESK REPORT 2020-07-16 09:52:29

A delegation from Venture Capital and Private Equity Association of Bangladesh (VCPEAB) led by Shameem Ahsan, Chairman of VCPEAB and General Partner of Pegasus Tech Ventures (former Fenox Venture Capi...

Alternative Trading Board to 'woo new investors'

Alternative Trading Board to 'woo new investors'

FE Report 2020-07-16 09:44:29

Stock exchanges will have to play an active role to ensure the vibrant operations of Alternative Trading Board (ATB) launched to facilitate the growth of non-listed companies and other securities....

Dhaka stocks extend losses for third day

Dhaka stocks extend losses for third day

FE ONLINE REPORT 2020-07-15 15:39:35

Dhaka stocks extended the losing streak for the third straight session on Wednesday as cautious investors continued to opt some profits on major sectors’ issues amid the Covid-19 pandemic. The...

Four more listed companies recommend dividend

Four more listed companies recommend dividend

FE ONLINE REPORT 2020-07-15 11:48:27

Four more listed companies, including three insurers, have recommended dividends for the year ended on December 31, 2019, according to separate official disclosures on Wednesday. The companies are: P...

Stocks witness upturn in early session

Stocks witness upturn in early session

FE ONLINE REPORT 2020-07-15 11:30:47

Stocks witnessed positive trend in early trading on Wednesday as some investors are active on sector-wise large-cap issues. Within 30 minutes of trading, DSEX advanced more than 1.63 points while t...

GP declares 130pc interim cash dividend

GP declares 130pc interim cash dividend

FE ONLINE REPORT 2020-07-15 11:22:12

The board of directors Grameenphone (GP) has declared 130 per cent interim cash dividend for the year ending 2020, said an official disclosure on Wednesday. The largest market cap company declared...

DSE asks 15 firms to fulfill dearth of investors' funds by Thursday

DSE asks 15 firms to fulfill dearth of investors' funds by Thursday

MOHAMMAD MUFAZZAL 2020-07-15 10:00:02

The premier bourse has asked some 15 brokerage firms to fulfill the deficiency of investors' funds, found in their consolidated customers' accounts, by tomorrow (Thursday). After fulfilling the defic...

Stocks extend losses amid low turnover

Stocks extend losses amid low turnover

FE ONLINE REPORT 2020-07-14 15:31:17

Stocks extended the losing streak for the second day in a row on Tuesday as risk-averse investors opted for quick-profit on selective issues amid ongoing virus fears. DSEX, the key index of the Dhaka...

Stocks witness positive trend amid virus jitters

Stocks witness positive trend amid virus jitters

FE ONLINE REPORT 2020-07-14 11:28:56

Stocks witnessed positive trends in early trading on Tuesday as a section of investors showed their buying binge on selective large-cap issues. Within 30 minutes of trading, DSEX advanced more than 3...

No move for encouraging IPO floatation: DSE team detects management inefficiencies

No move for encouraging IPO floatation: DSE team detects management inefficiencies

Mohammad Mufazzal 2020-07-14 10:35:08

Dhaka Stock Exchange (DSE) has moved to review the performances of its staffs from top to bottom in the context of their respective salaries and benefits to ensure an efficient management reducing ope...

Express Insurance IPO lottery draw July 23

Express Insurance IPO lottery draw July 23

FE Online Report 2020-07-13 17:29:46

Express Insurance Ltd is set to hold IPO lottery draw on July 23, aiming to allocate 26.07 million ordinary shares among the successful applicants. The lottery draw will be held through digital platf...

DSE slips into red, snapping five-day winning streak

DSE slips into red, snapping five-day winning streak

FE ONLINE REPORT 2020-07-13 15:52:17

Stocks on Dhaka bourse slipped into the red on Monday, snapping a five-day winning streak, as risk-averse investors opted for quick-profit on selective issues amid ongoing Covid-19 pandemic. Followin...

Global shares near five-month peak as earnings season kicks off

Global shares near five-month peak as earnings season kicks off

REUTERS 2020-07-13 15:24:40

World shares were approaching a five-month peak and the dollar slipped on Monday as investors wagered the earnings season would see most companies beat forecasts given expectations had been lowered by...

Alibaba's Jack Ma sells $8.2 billion worth shares

Alibaba's Jack Ma sells $8.2 billion worth shares

Reuters 2020-07-13 15:15:17

Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8 per cent from 6.2 per cent, cashing out around $8.2 billion at its current share price, the firm...

Asia Insurance declares 10pc cash dividend

Asia Insurance declares 10pc cash dividend

FE ONLINE REPORT 2020-07-13 11:57:07

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

DSEX exceeds 4,100-mark in early trading

DSEX exceeds 4,100-mark in early trading

FE ONLINE REPORT 2020-07-13 11:22:50

Stocks witnessed positive trend in early trading on Monday with the key index of the prime bourse crossing the 4,100-mark as the buoyant investors continued their buying binge amid growing confidence....

'Innovation helps GP cushion Covid shock'

'Innovation helps GP cushion Covid shock'

ISMAIL HOSSAIN 2020-07-13 10:18:40

Top network operator Grameenphone has unleashed innovative solutions to fend off challenges posed by coronavirus pandemic, the company's top executive says. "This ongoing pandemic has created sever...

Aamra Networks to issue Tk 1.0b zero coupon bonds   

Aamra Networks to issue Tk 1.0b zero coupon bonds  

FE REPORT 2020-07-13 10:15:49

The board of directors of Aamra Networks Ltd has decided to issue non-convertible zero coupon bonds worth Tk 1.0 billion. The IT company will issue the bond at face value through private placement,...

Asian shares extend rally, US earnings to test optimism

Asian shares extend rally, US earnings to test optimism

REUTERS 2020-07-13 10:13:12

Asian shares crept toward five-month peaks on Monday as investors wagered the US earnings season would see most companies beat forecasts given expectations had been lowered so far by coronavirus lockd...