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The Financial Express

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Stocks post modest gain after bumpy ride

Stocks post modest gain after bumpy ride

FE Online Report 2019-11-25 16:05:01

Stocks posted a modest gain on Monday, after a single-day break, as investors showed their buying appetite on sector specific shares. DSEX, the prime index of the Dhaka Stock Exchange, went up by 5.1...

Confidence Power Bogra starts commercial operation

Confidence Power Bogra starts commercial operation

FE Online Report 2019-11-25 11:53:14

Confidence Power Bogra Limited, a 99 per cent subsidiary of Confidence Power Holdings Limited, has started commercial operation upon successful testing and commissioning. The Confidence Power Holding...

Stocks inch up on recovery hope

Stocks inch up on recovery hope

FE Online Report 2019-11-25 11:30:31

Stocks witnessed positive trend in early hour trading on Sunday as some investors are showing their buying appetite on sector-wise shares. Following the previous day’s correction, the Dhaka S...

IFAD Autos to issue coupon bearing bond

IFAD Autos to issue coupon bearing bond

FE Report 2019-11-25 10:29:16

IFAD Autos Ltd, the automobile dealer, has decided to raise up to Tk 3.0 billion through coupon bearing non-convertible fully redeemable bond, said an official disclosure on Sunday. The name of the b...

GP shares drop following SC order

GP shares drop following SC order

-- 2019-11-24 20:48:35

Grameenphone shares fell by 5.58 per cent on Sunday after the Supreme Court ordered the operator to pay Tk 20 billion to the telecoms regulators as part of its disputed audit demand. The company&rsqu...

DSEX sinks below 4,700-mark again

DSEX sinks below 4,700-mark again

FE Online Report 2019-11-24 16:10:02

Stocks ended lower on Sunday, after a single-day break, as risk-averse investors went on selling binge on large-cap shares, particularly Grameenphone (GP). DSEX, the prime index of the Dhaka Stock Ex...

IFAD Autos to issue Tk 3.0b coupon bearing bonds

IFAD Autos to issue Tk 3.0b coupon bearing bonds

FE Online Report 2019-11-24 12:27:53

The board of directors of IFAD Autos Ltd has decided to raise up to Tk 3.0 billion only in the form of coupon bearing non-convertible fully redeemable bonds with a tenor of five years. The bond is kn...

Golden Harvest rights issue subscription begins Dec 8

Golden Harvest rights issue subscription begins Dec 8

FE Report 2019-11-24 10:43:32

The subscription period for rights shares of Golden Harvest Agro Industries Ltd. is set to begin on December 08, as the company aims to raise a capital of Tk 899.32 million. The subscription period w...

Most non-life insurers post higher EPS

Most non-life insurers post higher EPS

Babul Barman 2019-11-24 10:34:54

Majority of the listed non-life insurance companies saw higher earnings growth in nine months of 2019, compared to the same period a year earlier. The earnings for the January-September period rose d...

China approves two new IPOs

China approves two new IPOs

-- 2019-11-23 11:37:06

China's top securities watchdog has approved the initial public offering (IPO) applications of two companies. The two companies, Chengdu Gas Group Co, Ltd. and Streamax Technology Co, Ltd., and their...

Weekly review: Major sectors see mixed performance

Weekly review: Major sectors see mixed performance

FE Report 2019-11-23 10:41:57

Dhaka bourse closed the week almost flat following the mixed performance of the major sectors. In last week, many investors re-balanced their portfolios following the quarterly disclosures of the lis...

10 cos snare 23.54pc of total turnover

10 cos snare 23.54pc of total turnover

FE Report 2019-11-23 10:37:01

Top 10 traded stocks captured 23.54 per cent of the total turnover featured by Dhaka Stock Exchange (DSE) in last week. The premier bourse DSE posted a total turnover of above Tk 19.81 billion in f...

Chiefs of merchant banks allowed to conduct sell-buy of listed co shares

Chiefs of merchant banks allowed to conduct sell-buy of listed co shares

FE Report 2019-11-22 12:22:30

The securities regulator has allowed the chiefs of merchant banks to conduct sell-buy of the shares of listed companies. The Bangladesh Securities and Exchange Commission (BSEC) took the decision o...

Standard Bank to issue perpetual bond worth Tk 5.0b

Standard Bank to issue perpetual bond worth Tk 5.0b

FE Report 2019-11-20 10:35:22

Standard Bank will raise a capital worth Tk 5.0 billion through issuance of perpetual bond as additional tier-I capital. The company's board of director has taken the decision of raising capital th...

NBR awards BRAC Bank as one of the highest tax payers

NBR awards BRAC Bank as one of the highest tax payers

-- 2019-11-20 00:10:41

The National Board of Revenue (NBR) has awarded BRAC Bank Limited with Tax Card on being the 5th highest tax payer in banking sector category, said a statement. This is for the first time that BRAC B...

Eastern Housing approves 20pc cash dividend

Eastern Housing approves 20pc cash dividend

FE Online Desk 2019-11-18 13:09:06

The 55th Annual General Meeting of Eastern Housing Limited was held at RAOWA Convention Hall, Mohakhali, Dhaka recently. The AGM was presided over by Manzurul Islam, Chairman of Eastern Housing Ltd....

BSEC halts Shepherd Industries' move

BSEC halts Shepherd Industries' move

FE Report 2019-11-18 10:33:14

The securities regulator has halted the execution of the Shepherd Industries' decision of purchasing the shares of another company 'Shepherd Jeans' by the assets of the former. The securities regul...

Saudi Aramco in race for IPO record with $1.7 trillion top value

Saudi Aramco in race for IPO record with $1.7 trillion top value

-- 2019-11-18 10:23:07

Saudi Aramco is worth up to $1.7 trillion at the price range set by the oil giant on Sunday, below the $2.0 trillion sought by Saudi’s crown prince but putting it in the running to become the wo...

Earnings of many textile cos down

Earnings of many textile cos down

Mohammad Mufazzal 2019-11-17 10:39:21

The EPS (earnings per share) of majority number of listed textile companies declined while some eight others incurred loss in the last fiscal year (FY) compared to previous FY. On the other hand, som...

Govt earnings from DSE fall 28pc in Oct

Govt earnings from DSE fall 28pc in Oct

FE Report 2019-11-16 10:52:14

The government's revenue earnings from the Dhaka bourse tumbled 28 per cent month-on-month in October this year as trading volume was on the decline. The turnover remains poor for months as unusual f...

Weak earning disclosures affect stock prices

Weak earning disclosures affect stock prices

Babul Barman 2019-11-16 10:45:50

Stocks backed to the red again in the outgoing week that ended on Thursday as risk-averse investors dumped their holdings amid 'poor' earning disclosures. Week-on-week, DSEX, the prime index of the D...

Alibaba starts listing in Hong Kong

Alibaba starts listing in Hong Kong

Xinhua 2019-11-15 17:34:05

Chinese e-commerce giant Alibaba Group Holding Ltd. started listing on the main board of Hong Kong stock exchange on Friday. The e-commerce giant will issue 12.5 million new shares at a price no high...

Chinese shares close lower Friday

Chinese shares close lower Friday

-- 2019-11-15 13:40:16

Chinese stocks closed lower Friday, with the benchmark Shanghai Composite Index down 0.64 percent, at 2,891.34 points, Xinhua reports. The Shenzhen Component Index closed 1.01 per cent lower at 9,647...

Wata Chemicals posts highest EPS growth among local cos

Wata Chemicals posts highest EPS growth among local cos

FE REPORT 2019-11-15 10:49:26

Wata Chemicals, a listed company in the pharmaceuticals & chemicals sector, posted the highest EPS (earnings per share) growth among its local peers in fiscal year (FY) 2018-19. The company's EPS...

Renata generates highest turnover

Renata generates highest turnover

FE Report 2019-11-15 10:47:45

Ten most traded companies accounted for nearly 27 per cent of transactions on the prime bourse on Thursday, with Renata generating the highest turnover. Market analysts said investors were active o...

IBN SINA approves 30pc cash dividend

IBN SINA approves 30pc cash dividend

FE DESK REPORT 2019-11-15 10:46:11

The 35th annual general meeting (AGM) of The IBN SINA Pharmaceutical Industry Ltd was held at Emmanuelle's Convention Centre in the city on Thursday, said a statement. Shah Abdul Hannan, Chairman of...

Stocks extend losses as major sectors tumble

Stocks extend losses as major sectors tumble

FE ONLINE REPORT 2019-11-14 18:10:34

Stocks extended the losing streak for the third straight session on Thursday as worried investors continued their selling binge on major sectors shares. DSEX, the prime index of the Dhaka Stock Excha...

Jamuna Oil recommends 130pc dividend

Jamuna Oil recommends 130pc dividend

FE Online Report 2019-11-14 11:49:09

The board of directors of state-run Jamuna Oil Company Ltd has recommended 130 per cent cash dividend for the year ended on June 30, 2019, said an official disclosure on Thursday. The final approval...

Stocks witness mixed trend amid cautious trades

Stocks witness mixed trend amid cautious trades

FE Online Report 2019-11-14 11:46:15

Stocks witnessed mixed trend in early hour trading on Thursday as investors are mostly followed cautious stance amid ongoing quarterly earnings declarations. Following the previous day’s downwa...

MI Cement to form three subsidiary cos

MI Cement to form three subsidiary cos

FE Report 2019-11-14 10:58:26

MI Cement Factory Ltd has approved formation of three subsidiary companies -- Ocean Voyager Shipping Lines, Ocean Victory Shipping Lines and Ocean Vision Shipping Lines. The board of directors of the...