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The Financial Express

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Sector-wise turnover: Pharma cos rule the roost

Sector-wise turnover: Pharma cos rule the roost

Mohammad Mufazzal 2020-04-12 09:32:45

The country's capital market was mainly driven by pharmaceuticals and chemicals sector in March following investors' increased participation in share transactions. On the trading sessions executed...

Company profile: GSK posts ever highest EPS in 2019

Company profile: GSK posts ever highest EPS in 2019

Babul Barman 2020-04-12 09:23:00

GlaxoSmithKline Bangladesh Ltd has posted the ever highest earnings per share in 2019 thanks to closure of its unprofitable pharmaceuticals business in Bangladesh. The UK-based pharmaceuticals giant...

Most listed cement makers' earnings slump

Most listed cement makers' earnings slump

Babul Barman 2020-04-11 09:06:44

Earnings of most of the listed cement manufacturers slumped in the recent quarters compared to the same period in the previous year. Out of the seven cement makers listed on the Dhaka Stock Exchange,...

CSE hails bail-out package, puts thrust on speedy implementation

CSE hails bail-out package, puts thrust on speedy implementation

FE DESK 2020-04-11 09:00:32

Chittagong Stock Exchange Ltd (CSE) said a taskforce can be developed by the government for the proper implementation of the bail-out package, announced by the Prime Minister to stave off the economic...

Company profile: MJL dividends remain steady in three years

Company profile: MJL dividends remain steady in three years

Mohammad Mufazzal 2020-04-11 08:57:16

MJL Bangladesh, the country's largest lubricant company, distributed almost same amount of dividends in last three fiscal years (FY) amid its mixed performance observed in EPS during the same period...

Bourses to remain shut until April 25

Bourses to remain shut until April 25

FE Online Report 2020-04-10 20:21:17

The country’s two bourses will remain closed until April 25 as the government further extended the ongoing holiday to contain the spread of deadly coronavirus. The government has further extend...

BMBA for reduction of corporate tax

BMBA for reduction of corporate tax

Mohammad Mufazzal 2020-04-08 09:50:00

Bangladesh Merchant Bankers Association (BMBA) has prepared a set of budget proposals including more reduction of corporate tax for listed companies. The BMBA sent their budget proposals, made for...

BSEC yet to publish latest annual report

BSEC yet to publish latest annual report

FE Report 2020-04-08 09:47:14

The securities regulator is yet to publish its annual report for the fiscal year (FY) 2018-19, though the ongoing FY 2019-20 will be ended within June 30, 2020. The officials of the Bangladesh Secu...

Some 73pc MNCs see price erosion in 1 yr

Some 73pc MNCs see price erosion in 1 yr

Babul Barman 2020-04-07 08:56:48

Multinational companies suffered losses between 7.25 per cent and 62.23 per cent in last one year until March 25 this year in tandem with the price erosion by most of the local companies. Of the 11 m...

Nine listed cos postpone AGMs

Nine listed cos postpone AGMs

FE Report 2020-04-07 08:43:54

Some nine listed companies have postponed their annual general meeting (AGM) due to `unavoidable' circumstances created following the outbreak of COVID-19. The companies' AGMs for the year ended o...

Eastern Bank declares 25pc cash dividend

Eastern Bank declares 25pc cash dividend

FE Online Report 2020-04-06 13:20:33

The board of directors of Eastern Bank Limited (EBL) has recommended 25 per cent cash dividend for the year ended on December 31, 2019, officials said. A meeting of board of directors of the bank was...

Bourses to remain shut until April 14

Bourses to remain shut until April 14

FE Online Report 2020-04-06 12:16:45

The country’s two bourses will remain closed until April 14 as the government extended the holiday to contain the spread of deadly coronavirus (COVID-19). The government on Sunday issued a ne...

Minimum shareholding rules: Firms take advantage of lax implementation by BSEC

Minimum shareholding rules: Firms take advantage of lax implementation by BSEC

Babul Barman 2020-04-06 10:44:23

Some 149 sponsor-directors and 45 listed firms have yet to comply with the minimum shareholding rules, although eight years had elapsed since the enactment of the rules. Individually, the directors d...

Three listed banks recommend dividend   

Three listed banks recommend dividend  

FE Report 2020-04-05 09:43:55

Three listed banks have recommended dividend ranging between 10 per cent and 16 per cent for the year ended on December 31, 2019. Of three banks, one witnessed rise in EPS (earnings per share) whil...

Company profile: Square Pharma to invest Tk 3.50b for business expansion

Company profile: Square Pharma to invest Tk 3.50b for business expansion

Babul Barman 2020-04-04 10:41:17

Square Pharmaceuticals, country's top pharmaceutical company witnessed a steady performance in operational, financial and profitability thanks to its product quality and expanded market. The country'...

Advent Pharma gets nod to roll out five products

Advent Pharma gets nod to roll out five products

FE Report 2020-04-03 08:59:33

Advent Pharma Ltd., an animal healthcare drugs manufacturer, has received approval from the Directorate General of Drug Administration recently to introduce five new products. Of the new products,...

Process underway to change asset manager of two MFs

Process underway to change asset manager of two MFs

Mohammad Mufazzal 2020-04-03 08:52:55

The Bangladesh General Insurance Company (BGIC), the trustee of Green Delta Mutual Fund and the DBH 1st Mutual Fund, has appointed an auditor to complete the process of changing the asset manager of...

Bourses to remain shut from April 5 to 11

Bourses to remain shut from April 5 to 11

FE ONLINE REPORT 2020-04-02 12:38:34

The country’s two bourses will remain closed from April 5 to April 11 as the government extended the holiday to contain the spread of deadly coronavirus. The government on Wednesday issued a ci...

Trading on DSE mobile app soars despite bearish mkt

Trading on DSE mobile app soars despite bearish mkt

Babul Barman 2020-04-02 11:26:49

Share trading through DSE mobile app continued to rise on the Dhaka Stock Exchange as the number of active users of the digital application exceeded 53000-mark. The number of active users of the appl...

New Trading Right Entitlement Certificate

New Trading Right Entitlement Certificate

FE Report 2020-04-02 11:23:03

The securities regulator is likely to extend timeframe of receiving public opinion on draft rules formulated to issue new TREC (Trading Right Entitlement Certificate). "The decision of the commissi...

Asian shares hold on to gains but virus keeps markets on edge

Asian shares hold on to gains but virus keeps markets on edge

REUTERS 2020-04-01 12:45:38

Asian stocks clung to gains on Wednesday, helped by a bounce in Australian shares, but risks for equities remain large as the coronavirus pandemic rattles the underpinnings of the global economy. E-M...

40 cos to go public to raise Tk 30 billion

40 cos to go public to raise Tk 30 billion

Mohammad Mufazzal 2020-04-01 10:21:19

Some 40 companies will raise an aggregate amount of capital worth around Tk 30 billion from the country's capital markets. The companies have intended to raise the capital floating IPOs (initial pu...

DSE new index falls 12pc in Q1 amid virus scare

DSE new index falls 12pc in Q1 amid virus scare

Babul Barman 2020-03-31 10:39:23

The newly-introduced 'CNI-DSE Select Index (CDSET)', comprising well performing companies, tumbled 12 per cent in the just three months amid virus outbreak. The Dhaka Stock Exchange launched the inde...

Steady growth in EPS of ACME Laboratories in last five years

Steady growth in EPS of ACME Laboratories in last five years

Mohammad Mufazzal 2020-03-31 10:31:31

The ACME Laboratories registered a steady growth in EPS (earnings per share) during the last five fiscal years riding on increased revenue earnings realised during the period. The 'A' category compan...

US markets not out of woods despite big rally, investors fear

US markets not out of woods despite big rally, investors fear

REUTERS 2020-03-29 14:34:39

After a brutal meltdown, some investors have been wading back into US stocks. But others are wary of another leg down as the coronavirus spreads and its economic impact is difficult to predict. High-...

95.2pc complaints addressed

95.2pc complaints addressed

Mohammad Mufazzal 2020-03-29 11:39:00

The securities regulator has addressed 95.2 per cent of the total complaints so far made by investors since the introduction of online complaint module. After introduction of Customer Complaints Addr...

Public subscription period of Express Ins may be changed

Public subscription period of Express Ins may be changed

FE Report 2020-03-29 11:21:12

The securities regulator may change the timeframe of public subscription of Express Insurance if the ongoing situation, created by COVID-19, prolongs. As per existing timeframe, the public subscripti...

Monno Ceramic generates highest weekly turnover

Monno Ceramic generates highest weekly turnover

FE Report 2020-03-29 11:14:45

Monno Ceramic Industries dominated the Dhaka bourse's transaction chart in the outgoing week while block trade accounted for nearly 41 per cent of the total turnover. Market analysts said some invest...

BSEC seeks public opinion on issuing new TRECs

BSEC seeks public opinion on issuing new TRECs

FE Report 2020-03-29 11:12:15

The securities regulator has sought public opinion on the draft rules formulated to issue new TREC (Trading Right Entitlement Certificate), to the firms willing to conduct trading operations in the co...

Weekly review: Stocks snap four-week losses on regulatory move

Weekly review: Stocks snap four-week losses on regulatory move

Babul Barman 2020-03-28 11:03:16

Stocks edged up in the outgoing week, snapping a four-week free-fall, thanks to regulatory move to boost the ailing capital market. DSEX, the key index of the Dhaka Stock Exchange, went up by 33.32 p...