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The Financial Express

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DSE, CSE gain at open

DSE, CSE gain at open

FE ONLINE REPORT 2022-10-27 11:27:22

Stocks opened higher on Thursday, riding on the price appreciation in some selective stocks amidst the ongoing earnings declarations. Following the previous day’s gain, DSEX, the prime index of...

MJL Bangladesh's profit declines for rising costs amid devaluation of taka

MJL Bangladesh's profit declines for rising costs amid devaluation of taka

MOHAMMAD MUFAZZAL 2022-10-26 11:49:56

MJL Bangladesh has recommended 50 per cent cash dividend for fiscal 2021-22 despite a decline in profits, only to maintain consistency with its previous records. Profits fell because of the rising co...

BSEC to probe unusual price movement of Gemini Sea Food

BSEC to probe unusual price movement of Gemini Sea Food

FE REPORT 2022-10-26 11:28:07

The securities regulator has formed a body to probe into unusual price and volume movements of Gemini Sea Food. Bangladesh Securities and Exchange Commission (BSEC) on Tuesday took the step in the in...

Traders lose appetite for treasury bonds as regulatory barriers get in the way

Traders lose appetite for treasury bonds as regulatory barriers get in the way

MOHAMMAD MUFAZZAL 2022-10-26 11:24:44

The long-anticipated trading of treasury bonds (T-Bonds) is not getting momentum because of a clash between the roles and rules of the two regulatory bodies. Bangladesh Bank is the regulator of T-bon...

NHFIL to open Islamic Finance window 

NHFIL to open Islamic Finance window 

FE ONLINE REPORT 2022-10-25 12:19:42

The board of directors of National Housing Finance and Investment has decided to commence Shariah-compliant business operations under Islamic Finance Window. The opening of the Islamic Finance Window...

Bourses open higher after two-day slump

Bourses open higher after two-day slump

FE ONLINE REPORT 2022-10-25 11:30:54

Stocks opened higher on Tuesday, after the previous day’s reduced trading hours due to a technical glitch, as bargain hunters showed their buying interest in lucrative issues. A technical glitc...

IPDC profit drops 18pc, driven by subdued stock market, higher provision

IPDC profit drops 18pc, driven by subdued stock market, higher provision

BABUL BARMAN 2022-10-25 10:33:06

IPDC Finance Ltd has reported an 18 per cent year-on-year fall in its net profit in the third quarter of 2022, mainly due to higher provisions against loans and a decline in income from the stock mark...

First Security Islami Bank looks to strengthen footprint, riding on tech

First Security Islami Bank looks to strengthen footprint, riding on tech

JUBAIR HASAN 2022-10-25 10:29:39

First Security Islami Bank Limited (FSIBL) is putting increased emphasis on technological development, security and financial inclusion, in order to further strengthen its footprint in the country's f...

BSEC fines Swadesh Investment for breaching rules

BSEC fines Swadesh Investment for breaching rules

FE REPORT 2022-10-24 13:03:07

Bangladesh Securities and Exchange Commission (BSEC) has fined Swadesh Investment Management Tk 5.0 million for breaching the rules tied to the management of portfolios and public issues. Financial m...

Technical glitch halts trading at DSE

Technical glitch halts trading at DSE

FE ONLINE REPORT 2022-10-24 12:19:13

A technical glitch halted trading at Dhaka Stock Exchange (DSE) since 10:58 am on Monday. Top officials of the country’s premier bourse said they were trying to solve the glitch and resume trad...

Mutual Trust Bank aspires to be top digital bank

Mutual Trust Bank aspires to be top digital bank

JUBAIR HASAN 2022-10-24 11:47:18

Mutual Trust Bank (MTB) Limited is expediting business transformation with a high focus on digital banking, in a bid to further empower its customers. The key commercial bank that came into operation...

Stocks' volatility eats up govt earnings from DSE

Stocks' volatility eats up govt earnings from DSE

BABUL BARMAN 2022-10-24 11:44:59

The government's revenue earnings from the Dhaka Stock Exchange dropped 33 per cent year-on-year to Tk 881 million in the first quarter of the current fiscal year, owing to a decline in turnover and s...

Markets open marginally higher

Markets open marginally higher

BABUL BARMAN 2022-10-23 11:05:38

Stocks opened marginally higher on Sunday as bargain hunters showed their buying interest in lucrative issues. Following the previous day’s flat session, DSEX, the prime index of the Dhaka...

Inside information suspected behind abnormal ups and downs of stock prices

Inside information suspected behind abnormal ups and downs of stock prices

MOHAMMAD MUFAZZAL 2022-10-23 10:23:49

Quick stock price hikes before corporate declarations and then a slide just as swiftly after disclosures are the fallouts of trading based on insider information, sources in the capital market say. T...

Grameenphone profit rises 6pc in Q3, driven by Internet use

Grameenphone profit rises 6pc in Q3, driven by Internet use

FE REPORT 2022-10-21 09:04:36

Grameenphone'snet profit grew by 6 per cent year-on-year in the third quarter to Tk 9.1 billion, helped by growth in data use. And 4G users grew by 15.9 per cent year-on-year. As a result, earnings...

Global stocks lower amid UK political turmoil

Global stocks lower amid UK political turmoil

-- 2022-10-20 17:32:49

Global stock markets declined Thursday as the British prime minister faced demands to quit and Japan reported its 14th straight monthly trade deficit. London and Frankfurt opened lower and Shanghai,...

Unilever Consumer Care grows riding on price hikes, efficiency

Unilever Consumer Care grows riding on price hikes, efficiency

MOHAMMAD MUFAZZAL 2022-10-20 08:46:53

Unilever Consumer Care has reported 15 per cent growth in the earnings per share (EPS) for July-September (Q3), 2022 compared to the same period in the previous year, riding on price hikes and opera...

Unilever’s EPS jumps 40pc in nine months

Unilever’s EPS jumps 40pc in nine months

FE ONLINE REPORT  2022-10-19 11:35:51

Unilever Consumer Care posted a 40 per cent profit growth in the nine months from January to September 2022 compared to the same period of the previous year, due mainly to efficiency in operating expe...

Stocks open higher snapping four-day slump

Stocks open higher snapping four-day slump

FE ONLINE REPORT  2022-10-19 10:58:22

Stocks opened higher on Wednesday after four-day slump, as bargain hunters showed their buying interest on lucrative issues. Following the previous four days’ fall, DSEX, the prime index of the...

Flying debut of Navana Pharma as investors' hopes hinge on the sector

Flying debut of Navana Pharma as investors' hopes hinge on the sector

BABUL BARMAN 2022-10-19 09:19:11

Navana Pharmaceuticals made a flying debut on Tuesday on the bourses as its share price hit the upper limit circuit breaker amid much hype among investors. The share price jumped 10 per cent, or Tk 2...

Apex Foods plummets amid selling pressure to avoid loss

Apex Foods plummets amid selling pressure to avoid loss

MOHAMMAD MUFAZZAL 2022-10-18 08:53:14

Apex Foods topped the list of the losers on Monday just after reporting a whopping 148 per cent growth in earnings per share (EPS) and 20 per cent cash dividend for the fiscal 2021-22. The stock fell...

Stocks witness modest rise at opening

Stocks witness modest rise at opening

FE ONLINE REPORT 2022-10-17 12:14:01

Stocks posted a modest rise on Monday amid volatile trading as investors were mostly cautious amid a lack of clear direction in the market trend. Following the previous day’s marginal correctio...

DESCO to give 10pc cash dividend as EPS goes down

DESCO to give 10pc cash dividend as EPS goes down

FE REPORT 2022-10-17 08:52:51

The Dhaka Electric Supply Company (DESCO) recommended 10% cash dividend for the fiscal 2021-22, having suffered a 14.52 per cent decrease in earnings per share or EPS. The EPS slid down to Tk 1.59...

ICB AMCL posts net profit of Tk 531.1m in FY '22

ICB AMCL posts net profit of Tk 531.1m in FY '22

FE REPORT 2022-10-16 08:35:51

ICB Asset Management Company Ltd. (AMCL), a subsidiary of the Investment Corporation of Bangladesh (ICB), has earned a net profit of Tk 531.10 million for the year ended on June 30, 2022. The compa...

LafargeHolcim logs 21pc growth in EPS for Q3

LafargeHolcim logs 21pc growth in EPS for Q3

FE REPORT 2022-10-15 09:03:30

LafargeHolcim Bangladesh Ltd. (LHBL) has reported a 21 per cent growth in its EPS (earnings per share) for the July-September (Q3) period of 2022, compared to the same quarter in the previous year. F...

BSEC asks DSE to look into Orion Infusion price hike

BSEC asks DSE to look into Orion Infusion price hike

FE ONLINE REPORT 2022-10-14 10:04:29

The securities regulator has asked the Dhaka Stock Exchange (DSE) to probe into unusual hike in the price of Orion Infusion, which skyrocketed 986 per cent over the last three months. The share price...

Bangladeshi manufacturers to join Dutch Design Week 2022

Bangladeshi manufacturers to join Dutch Design Week 2022

-- 2022-10-13 10:19:26

For the first time in Europe, Bangladeshi manufacturers and entrepreneurs will be present at the prestigious #DDW2022 in Eindhoven, Netherlands, reports UNB. Every year, hundreds of designers, inno...

MTB bond gets BSEC nod

MTB bond gets BSEC nod

FE REPORT 2022-10-13 10:12:21

The securities regulator has approved the proposed Tk 5.0-billion subordinated bond issuance of the Mutual Trust Bank (MTB). The Bangladesh Secu-rities and Exchange Commission (BSEC), at a meeting on...

Update rules to build robust startup ecosystem

Update rules to build robust startup ecosystem

FE REPORT 2022-10-13 10:11:03

Speakers at a webinar suggested updating the existing rules and regulations to build a robust startup ecosystem in the country. They also called for providing support for the start-ups, saying that...

Packages of dos for bourse dev: Bets for big-budget institutional investors stressed

Packages of dos for bourse dev: Bets for big-budget institutional investors stressed

FE REPORT 2022-10-13 07:51:32

Stakeholders Wednesday stressed big-budget institutional investment for progress of the country's capital market, as PM’s adviser Salman F. Rahman said retail ones reigned on the bourses. "Our...