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Weekly market review: Stocks plummet amid sluggish turnover

Weekly market review: Stocks plummet amid sluggish turnover

BABUL BARMAN 2022-04-09 12:10:54

Stocks plummeted in the outgoing week to Thursday, with jittery investors selling off their shares to skirt further losses amid persistent volatility on the market. Out of the five trading days this...

BIDA seeks to deliver high-value services after WAIPA directorship

BIDA seeks to deliver high-value services after WAIPA directorship

SAIF UDDIN 2022-04-09 10:08:13

The Bangladesh Investment Development Authority (BIDA) looks to deliver high-value services as it has recently assumed the regional directorship of WAIPA, a UN-affiliated global platform to promote in...

Dhaka seeks $500m more in WB aid

Dhaka seeks $500m more in WB aid

FHM HUMAYAN KABIR 2022-04-09 08:35:47

Bangladesh is likely to seek US$500 million more in budgetary support from the World Bank at the upcoming IMF-WB spring meeting in Washington, as the government eyes yet a bigger budget. Besides, an...

DSEX erodes 130 points in four days

DSEX erodes 130 points in four days

FE REPORT 2022-04-08 09:40:24

Stocks witnessed yet another bearish session Thursday, extending the losing streak for the fourth straight day, amid a confidence crisis among investors. The market started on a negative note and t...

Trade deficit swells to $22b

Trade deficit swells to $22b

SIDDIQUE ISLAM 2022-04-08 09:01:59

Bangladesh's overall trade deficit climbed over US$22-billion mark in the first eight months of the current fiscal year mainly for higher import-payment pressure on the economy, officials say. Besi...

BSEC seeks flat tax rate

BSEC seeks flat tax rate

MOHAMMAD MUFAZZAL 2022-04-08 08:55:18

The Bangladesh Securities and Exchange Commission (BSEC) has sought the scope for investing undisclosed money in the capital market by paying tax at a 10-per cent flat rate. BSEC Chairman Prof. Shi...

Eschew expansionary option in budget making

Eschew expansionary option in budget making

FE REPORT 2022-04-08 08:46:20

The government ought to adopt a balanced instead of expansionary approach in preparing the upcoming budget, as fiscal space keeps narrowing, economists and experts said Thursday. According to them, t...

Bangladesh resumes vegetable exports to UK after one month

Bangladesh resumes vegetable exports to UK after one month

-- 2022-04-07 20:38:00

Bangladesh has resumed exports of vegetables to the United Kingdom after scanner trouble halted the shipment of farm products for nearly a month. Frustrated businesses, however, say they have already...

Canada-China owned company inks deal to invest $5.74m in BEPZA EZ

Canada-China owned company inks deal to invest $5.74m in BEPZA EZ

-- 2022-04-07 20:34:10

Ms. Goodwood (Dhaka) Company Limited, a Canada-China-owned company, will invest 5.74 million US dollars to set up a diversified product manufacturing industry in BEPZA Economic Zone. The Bangladesh...

Stocks extend losses for four straight sessions

Stocks extend losses for four straight sessions

FE ONLINE REPORT 2022-04-07 16:28:03

Stocks witnessed yet another bearish session Thursday, extending the losing streak for the fourth straight session, as investors remained in a selling mood amid persistent volatility. The market star...

Who calls the shots for Bangladesh Test side?

Who calls the shots for Bangladesh Test side?

Mashfiq Mizan 2022-04-07 14:33:56

Experts and fans were baffled when Bangladesh Test skipper Mominul Haque decided to bowl first after winning the toss in the first Test at Durban.The decision to play with only one frontline spinner i...

DSE, CSE down at opening

DSE, CSE down at opening

FE ONLINE REPORT 2022-04-07 11:48:03

Stocks opened lower on Thursday as the risk-averse investors kept their selling binge on sector-wise issues to avoid further losses. Following the previous three days...

Brokerage licences won't be renewed

Brokerage licences won't be renewed

FE REPORT 2022-04-07 09:24:49

Licenses of stock brokers will not be renewed and their existing facilities will be denied if they have dues in payment of fees of both BO account maintenance and share settlement. The Bangladesh Sec...

DSE turnover dips below Tk 5.0b mark

DSE turnover dips below Tk 5.0b mark

FE REPORT 2022-04-07 09:23:10

The market extended losses on Wednesday, with turnover dipping below Tk 5.0 billion-mark, as investors were reluctant to make fresh investments in stocks amid persistent volatility. Market insiders s...

IPO subscription of Meghna Insurance opens May 11

IPO subscription of Meghna Insurance opens May 11

FE ONLINE REPORT 2022-04-06 19:29:50

The initial public offering (IPO) subscription of Meghna Insurance Company will commence from May 11, aiming to raise Tk 160 million from the capital market, officials said. The IPO subscription of t...

Stocks turnover dips below 5.0b-mark

Stocks turnover dips below 5.0b-mark

FE ONLINE REPORT 2022-04-06 16:09:18

The market extended the losing streak on Wednesday, with turnover dipping below Tk 5.0 billion mark after one year, as investors are mostly reluctant to make fresh investments in stocks. Turnover,...

Dhaka stocks open marginally lower, CSE gains

Dhaka stocks open marginally lower, CSE gains

FE ONLINE REPORT 2022-04-06 12:03:28

Stocks on the Dhaka bourse opened marginally lower on Wednesday as the risk-averse investors kept their selling binge on sector-wise issues. Following the previous day’...

ADB forecasts 6.9pc GDP growth for FY 2021-22

ADB forecasts 6.9pc GDP growth for FY 2021-22

-- 2022-04-06 11:40:05

Bangladesh’s GDP is expected to grow 6.9 per cent in fiscal year 2021-22, according to the Asian Development Bank (ADB). The growth forecast reflects a rebound in external trade and recovery...

DSE key index dips below 6700 mark

DSE key index dips below 6700 mark

FE REPORT 2022-04-06 09:23:49

Stocks extended the losing streak for the second straight session on Tuesday, with turnover hitting nearly one-year low, as the risk-averse investors sold their holdings to avoid further losses. Turn...

ECNEC approves 12 projects worth Tk 120.17 billion

ECNEC approves 12 projects worth Tk 120.17 billion

-- 2022-04-05 17:11:29

The Executive Committee of the National Economic Council (ECNEC) approved a total of 12 projects involving an estimated cost of Tk 120.17 billion during its meeting on Tuesday. ECNEC Chairperson and...

DSE turnover hits nearly 12-month low

DSE turnover hits nearly 12-month low

FE ONLINE REPORT 2022-04-05 16:01:43

Stocks extended the losing streak for the second straight session on Tuesday, with turnover hitting one year low, as jittery investors sold shares to avoid further losses. The recent regulatory inter...

Is Mominul suitable for Test captaincy?

Is Mominul suitable for Test captaincy?

Tofael Mahmud 2022-04-05 13:08:06

Mominul Hoque was entrusted with the captaincy of Bangladesh’s Test side after the regular captain Shakib Al Hasan received a ban from all forms of cricket in 2019. It was almost an abruptly tak...

DSEX dips below 6700-mark at opening

DSEX dips below 6700-mark at opening

FE ONLINE REPORT 2022-04-05 11:39:04

Stocks opened lower on Tuesday, maintaining the previous day's trend, as jittery investors kept their selling binge fearing a further fall. Following the previous day’s sharp...

Tax receipts jump 43pc in nine months

Tax receipts jump 43pc in nine months

BABUL BARMAN 2022-04-05 08:59:59

The government revenue earnings from Dhaka Stock Exchange (DSE) jumped 43 per cent in nine months of the current fiscal year compared to the same period last fiscal, powered by rising trading volume....

DSE turnover dips below Tk 7.0b mark

DSE turnover dips below Tk 7.0b mark

FE REPORT 2022-04-05 08:56:02

Stocks plunged on Monday, snapping a two-day gaining streak due to profit booking sell-offs. DSEX, the prime index of Dhaka Stock Exchange, slid 53 points or 0.78 per cent to settle at 6,718, after g...

Bangladesh growth may shrink, inflation intensify

Bangladesh growth may shrink, inflation intensify

SIDDIQUE ISLAM 2022-04-05 08:28:19

Fallouts from the Russia-Ukraine war and global commodity-price spiral may stymie Bangladesh's economic growth and also fuel inflation by this fiscal yearend, the central bank forewarns. The Banglade...

Bangladesh’s forex reserves cross $44b again

Bangladesh’s forex reserves cross $44b again

-- 2022-04-04 17:53:11

Bangladesh's forex reserves rose to $44.30 billion again after slacking in the previous month, thanks to growing inward remittance. The forex reserve fell to $43.89 billion on March 6 2022 after payi...

Stocks slump after two-day gain

Stocks slump after two-day gain

FE ONLINE REPORT 2022-04-04 16:01:37

Stocks plunged on Monday, snapping a two-day gaining streak, as the risk-averse investors opted for booking profit on major sector issues in the ongoing bearishness of the market. DSEX, the prime ind...

Mahmudul Hasan Joy is especial

Mahmudul Hasan Joy is especial

Tofael Mahmud 2022-04-04 14:17:21

Records tumbled as Mahmudul Hasan Joy finished his innings on 137 off 326 balls on the third day of the Durban Test. Joy faced the first ball of the innings and the last ball of the innings as well wh...

Bourses down at opening

Bourses down at opening

FE ONLINE REPORT 2022-04-04 11:48:01

Stocks opened lower on Monday as investors traded cautiously amid a lack of clear direction in the market. Following the previous day's modest rise, DSEX, the prime index of the Dhaka Stock Excha...