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The Financial Express

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DSEX closes near 6700-mark on buying spree

DSEX closes near 6700-mark on buying spree

FE Online Report 2021-08-12 17:20:27

Stocks extended their rally on Thursday with all three indices and market-cap surged to new peaks amid high expectations among investors. DSEX, the core index of the Dhaka Stock Exchange, went up b...

Stocks open on upbeat note amid optimism

Stocks open on upbeat note amid optimism

FE ONLINE REPORT 2021-08-12 10:47:07

Stocks opened on an upbeat note on Thursday as the buoyant investors continued their buying spree on major sector issues amid positive expectations. DSEX, the prime index of the Dhaka Stock Exchang...

Regulator approves IPO of Sena Kalyan Insurance

Regulator approves IPO of Sena Kalyan Insurance

FE REPORT 2021-08-12 10:06:07

The securities regulator has approved the IPO (initial public offering) proposal of Sena Kalyan Insurance Company which will raise a capital worth Tk 160 million under the fixed price method. The a...

Finance minister Kamal upbeat on high remittance inflow

Finance minister Kamal upbeat on high remittance inflow

FE REPORT 2021-08-12 09:54:03

Finance Minister AHM Mustafa Kamal expressed doubt over the patriotism of people who talks otherwise about higher remittance inflow and its continuation. "I am in doubt whether those, who oppose it...

Listed companies seek waiver from accrued interest payment

Listed companies seek waiver from accrued interest payment

Mohammad Mufazzal 2021-08-12 08:59:27

Listed companies have sought waiver from the payment of accrued interests on unclaimed or undistributed dividends or non-refunded public subscription money saying that such funds were included in re...

Savings tools information under taxmen's watch

Savings tools information under taxmen's watch

DOULOT AKTER MALA 2021-08-12 08:29:27

All investors in government savings certificates are coming under scrutiny by taxmen to check any information holdback on their actual wealth. The tax authority has already got down to doing the rech...

Central bank dispels bankers' worry, sticks to gun

Central bank dispels bankers' worry, sticks to gun

Siddique Islam 2021-08-12 08:24:03

Scuttling all concerns of top bankers, the central bank said it wouldn't budge from its instructions on fixing the interest rates on fixed deposits commensurate with inflation so to protect depositors...

Stocks edge higher after a single-day break

Stocks edge higher after a single-day break

FE ONLINE REPORT 2021-08-11 18:44:08

Stocks edged marginally higher on Wednesday, after a single-day break, as investors were active on both sides of the trading fence. Meanwhile, South Bangla Agriculture & Commerce Bank (SBAC) made...

Stocks open higher on institutional buying binge

Stocks open higher on institutional buying binge

FE ONLINE REPORT 2021-08-11 11:00:10

Stocks opened on a positive note on Wednesday, after the previous day’s marginal correction, as the buoyant investors continued their buying spree on major sector issues. DSEX, the prime inde...

Walton declares 250pc cash dividend for general shareholders

Walton declares 250pc cash dividend for general shareholders

FE ONLINE REPORT 2021-08-11 10:26:09

The board of directors of Walton Hi-Tech Industries has recommended 250 per cent cash dividend for general public shareholders and 170 per cent cash dividend for directors and sponsors for the year en...

Nine companies under regulator's scanner

Nine companies under regulator's scanner

FE REPORT 2021-08-11 09:59:08

The securities regulator will probe into the trading of nine listed companies to find out unlawful or fraudulent activities occurred while conducting transactions of the shares of the companies. To t...

Bankers balk at minimum deposit interest rate

Bankers balk at minimum deposit interest rate

SIDDIQUE ISLAM 2021-08-11 08:26:35

A portion of fixed deposits rather than the entire amount in Bangladesh's banking sector is set to come under 'floor', or minimum interest rating, imposed by the central bank recently to protect dep...

Inflation slightly falls in July amid pandemic

Inflation slightly falls in July amid pandemic

-- 2021-08-10 18:42:17

The inflation rate slightly declined by 0.28 per cent on a point-point basis as it came down at 5.36 percentage point in July 2021. “The general point-to-point inflation rate came down to 5.36...

Stocks snap six-day rally on profit booking

Stocks snap six-day rally on profit booking

FE Online Report 2021-08-10 16:22:40

Stocks slipped into the red on Tuesday, snapping a six-day rally, as shaky investors preferred to book profit on quick-gaining stocks. Following the record-breaking rally in the past six straight s...

Berger Paints BD’s profit jumps 594pc in Apr-Jun

Berger Paints BD’s profit jumps 594pc in Apr-Jun

FE ONLINE REPORT 2021-08-10 12:02:21

Berger Paints Bangladesh posted an impressive 594 per cent increase in its first quarter (Q1) profit for April-June, 2021 compared to the same quarter of the last year thanks to higher revenue and red...

Stocks open higher as buoyant keep buying

Stocks open higher as buoyant keep buying

FE ONLINE REPORT 2021-08-10 10:50:42

Stocks opened higher on Tuesday as the buoyant investors continued their buying spree on major sector issues riding on high hopes. The premier bourse continued to break their previous records with...

South Bangla Bank makes debut Wednesday

South Bangla Bank makes debut Wednesday

FE ONLINE REPORT 2021-08-10 10:31:41

South Bangla Agriculture & Commerce Bank (SBAC) will make its shares trading debut on Dhaka Stock Exchange and Chittagong Stock Exchange tomorrow (Wednesday) under the settlement category “N...

Bangladesh Finance posts 218pc jump in net profit after tax

Bangladesh Finance posts 218pc jump in net profit after tax

FE REPORT 2021-08-10 10:14:43

In the first half (H1) of 2021, Bangladesh Finance's consolidated net profit after tax increased by 217.83 per cent year on year to Tk 235.4 million. The company's earnings per share also increased t...

Central bank restarts withdrawing excess money

Central bank restarts withdrawing excess money

SIDDIQUE ISLAM 2021-08-10 09:10:49

A splurge of money from stimulus packages and private-investment stalemate prompted the central bank to restart mopping up excess liquidity from the market, as a measure of taming inflation. As the m...

Bangladesh announces discovery of 28th gas field

Bangladesh announces discovery of 28th gas field

-- 2021-08-09 21:00:12

State-run Bangladesh Petroleum Exploration Company (BAPEX) has discovered a new gas field in the Sylhet region of the country. State Minister for Power, Energy and Mineral Resources Nasrul Hamid form...

Consumption-GDP ratio declines slightly in FY21

Consumption-GDP ratio declines slightly in FY21

FE ONLINE REPORT 2021-08-09 19:13:04

In the midst of the pandemic, consumption spending at the current price stood at Tk 22.83 trillion in the last fiscal year (FY21), according to the provisional estimation of the Bangladesh Bureau of S...

DSE sets fresh records as investors stay afloat

DSE sets fresh records as investors stay afloat

FE ONLINE REPORT 2021-08-09 17:04:44

Increased participation of buoyant investors pushed Dhaka Stock Exchange (DSE) to set six new records on Monday. The premier bourse continued to break its previous records as all three indices, marke...

Stocks nosedive at opening on BB decisions

Stocks nosedive at opening on BB decisions

FE ONLINE REPORT 2021-08-09 11:04:21

Stocks nosedived at the opening on Monday as risk-averse investors are dumping their holdings after setting records in the previous session. DSEX, the prime index of the Dhaka Stock Exchange (DSE),...

Ten companies  snare 18.79pc of total turnover

Ten companies snare 18.79pc of total turnover

FE REPORT 2021-08-09 10:50:47

Top 10 turnover leaders grabbed 18.79 per cent of total turnover featured by Dhaka Stock Exchange (DSE) last week. During the week, the premier bourse DSE conducted transactions for three sessions an...

Listed general insurers see higher profits in first half

Listed general insurers see higher profits in first half

BABUL BARMAN 2021-08-09 10:02:46

Listed general insurers have bagged higher profits in the first half (H1) of 2021 thanks to lowering agents commission, reduced net claim and reduction in operational costs. A total of 38 general i...

Food aid recommended as prices rise

Food aid recommended as prices rise

FE REPORT 2021-08-09 09:55:39

Fiscal aid transfer and food support are immediately required for underprivileged and disadvantaged group of people, as food prices increased significantly in fiscal year (FY) 2020-21 against reduct...

VAT evasions galore despite exemptions

VAT evasions galore despite exemptions

FE REPORT 2021-08-09 09:46:46

Tax intelligence unearthed five times higher VAT evasions, year on year, in the last fiscal year (FY 2020-21) despite pandemic-time exemptions. According to an official statement released by the VAT...

Interest rate of deposits will not be less than inflation, central bank says

Interest rate of deposits will not be less than inflation, central bank says

-- 2021-08-08 20:39:14

The Bangladesh Bank has instructed all banks not to fix the interest rate of the deposits below the inflation rate. “Livelihood of depositors and a part of other depositors depends on the inter...

Release of GDP estimates restores rules of business, says Debapriya

Release of GDP estimates restores rules of business, says Debapriya

FE Online Report 2021-08-08 18:07:54

As the Bangladesh Bureau of Statistics (BBS) finally released the estimate of Gross Domestic Product (GDP) and its components in the last week, a leading economist appreciated the move. “The ne...

Hefty growth in earnings per share of MNCs

Hefty growth in earnings per share of MNCs

FE REPORT 2021-08-08 08:54:37

Most of the listed multinational companies (MNCs) have registered hefty growth in EPS for January-June, 2021 compared to same period of the previous year. Some of the companies have said they saw r...