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The Financial Express

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Eastern Bank better withstands pandemic shocks

Eastern Bank better withstands pandemic shocks

SIDDIQUE ISLAM 2021-08-31 08:54:39

Eastern Bank Limited (EBL) has continued to strike a balance between liquidity, profitability and solvency to post a positive growth in the first half (H1) of 2021 calendar year. The private commerci...

Asian shares rise on dovish US Fed chair, oil up

Asian shares rise on dovish US Fed chair, oil up

-- 2021-08-30 10:34:55

Asian shares perked up and the dollar fell to two-week lows on Monday after US Federal Reserve Chairman Jerome Powell struck a dovish tone at the central bank's long-awaited symposium, although invest...

AIMS approves dividends for its two MFs

AIMS approves dividends for its two MFs

FE REPORT 2021-08-30 08:50:42

The Trustee Committee of two closed-end mutual funds under management of AIMS of Bangladesh, the country's first private asset-management company (AMC), has approved dividends for the year ended on Ju...

Regulator to fine ICB companies for violation of rules

Regulator to fine ICB companies for violation of rules

FE REPORT 2021-08-30 08:39:22

The securities regulator has decided to penalise ICB Securities Trading Company for disbursing margin loans to its clients without any agreement, which is a violation of securities rules. However,...

Bata Shoe returns to profit in April-June

Bata Shoe returns to profit in April-June

FE ONLINE REPORT 2021-08-29 16:02:06

Bata Shoe Company (Bangladesh) has returned to profit in the second quarter (Q2) for April-June 2021 as against the same quarter last year thanks to a boost in sales.  The company has reported i...

Stocks drop further with falling turnover

Stocks drop further with falling turnover

FE ONLINE REPORT 2021-08-29 15:31:48

Stocks dropped further on Sunday, extending the losing streak for the third straight session, as investors mostly followed a cautious stance following the central bank’s ongoing investigation of...

Express Insurance declares 2.0pc final dividend

Express Insurance declares 2.0pc final dividend

FE ONLINE REPORT 2021-08-29 11:24:38

The board of directors of Express Insurance Company has recommended a 2.0 per cent final cash dividend for the year ended on December 31, 2020. With the latest, the company now declared a total 7.0 p...

Stocks open mixed with low turnover

Stocks open mixed with low turnover

FE ONLINE REPORT 2021-08-29 10:57:19

Stocks witnessed a mixed trend at the opening on Sunday, the first day of the week, as investors mostly followed a cautious stance amid the central bank’s investigation of banks investment in th...

BRAC Bank to issue Tk 6.0b bond to provide affordable housing finance

BRAC Bank to issue Tk 6.0b bond to provide affordable housing finance

FE ONLINE REPORT 2021-08-29 10:40:31

BRAC Bank has decided to issue non-convertible bonds worth up to Tk 6.0 billion to raise funds for providing affordable housing finance to lower and middle-income groups of the country. The bank wi...

Google Play app store revenue reached $11.2b in 2019

Google Play app store revenue reached $11.2b in 2019

-- 2021-08-29 10:10:55

Alphabet Google generated $11.2 billion in revenue from its mobile app store in 2019, according to a court filing unsealed on Saturday, offering a clear view into the service's financial results for t...

Abnormal price rise of shares of 15 companies

Abnormal price rise of shares of 15 companies

FE REPORT 2021-08-29 09:35:46

Some 15 listed companies recently saw abnormal rise in share prices though there was no undisclosed price-sensitive information (PSI). According to information of Dhaka Stock Exchange (DSE), the co...

Regulator moves to remove IPO quota

Regulator moves to remove IPO quota

MOHAMMAD MUFAZZAL 2021-08-29 09:32:37

The securities regulator has moved to remove IPO quota gradually to ensure equal participation of general and institutional investors as the market is better now after 2010-11 debacle. As part of t...

China mulls move to ban overseas IPOs for tech firms

China mulls move to ban overseas IPOs for tech firms

-- 2021-08-28 15:53:01

China has launched a multi-pronged attack on its tech companies, threatening to curb their ability to list in the United States, seeking to tighten up regulation of their use of algorithms and sidelin...

Insurance regulator devises bond coverage

Insurance regulator devises bond coverage

JASIM UDDIN HAROON 2021-08-28 09:46:07

The regulator is aggressively working to introduce insurance products for bond issuers that will guarantee repayment of the principal and all associated benefits to the bondholders in the event of iss...

BSEC's 'no' to plea for waiver from payment of accrued interest

BSEC's 'no' to plea for waiver from payment of accrued interest

FE REPORT 2021-08-27 08:47:27

The securities regulator turned down the listed companies' association plea for waiving payments of accrued interest gained from undistributed dividends or un-refunded public-subscription funds. Al...

Stocks extend losses as BB starts money market probe

Stocks extend losses as BB starts money market probe

FE ONLINE REPORT 2021-08-26 17:11:19

Stocks extended the losing streak for the second straight sessions on Thursday as investors opted for booking profit following the central bank’s money market inspection news. After witnessing...

Stocks open positive amid volatile trading

Stocks open positive amid volatile trading

FE ONLINE REPORT 2021-08-26 10:51:49

Stocks witnessed a positive trend on Thursday, after the previous day’s mild correction, as bargain hunters remained in a buying mood on sector-wise issues. Following the single-day modest co...

Tamijuddin Textile Mills to invest Tk 500m in BMRE

Tamijuddin Textile Mills to invest Tk 500m in BMRE

FE REPORT 2021-08-26 09:07:49

Tamijuddin Textile Mills, which returned to the bourse's main market two months back, has decided to invest in balancing, modernisation, rehabilitation and expansion (BMRE) an estimated amount of Tk...

Stocks snap three-day rally amid profit booking sell-offs

Stocks snap three-day rally amid profit booking sell-offs

FE ONLINE REPORT 2021-08-25 16:51:47

Stocks witnessed a marginal correction Wednesday, snapping a three-day record-breaking gaining streak, as risk-averse investors preferred to book profit on quick-gaining issues. After setting records...

DSEX exceeds 6900-mark at opening

DSEX exceeds 6900-mark at opening

FE ONLINE REPORT 2021-08-25 11:02:24

Stocks opened higher on Wednesday with the key index of the Dhaka Stock Exchange (DSE) crossing 6900-mark as buoyant investors continued their buying spree. After a record breaking rally in the past...

Dhaka Bank’s EPS jumps 161pc in April-June

Dhaka Bank’s EPS jumps 161pc in April-June

FE ONLINE REPORT 2021-08-25 10:55:50

Dhaka Bank posted a 161 per cent increase in its second quarter (Q2) earnings for April-June 2021 compared to the same quarter of the previous year, thanks to rising operating income. In a filing wit...

Utilisation of sukuk bond funds emphasised

Utilisation of sukuk bond funds emphasised

FE REPORT 2021-08-25 08:41:59

Speakers at a seminar on Tuesday stressed the proper utilisation of funds mobilised through issuing Sukuk bonds to make it popular among institutional and general investors. Timely distribution of...

BSEC joins BB-BIDA tug of war on authority over offshore investment

BSEC joins BB-BIDA tug of war on authority over offshore investment

MOHAMMAD MUFAZZAL 2021-08-25 08:29:50

Local businesses willing to make equity investment abroad will have to take consent from the securities regulator, too, if the deals are conducted in the form of 'capital issue'. The third claimant...

Beximco Sukuk IPO subscription time extended till Sept 6

Beximco Sukuk IPO subscription time extended till Sept 6

FE ONLINE REPORT 2021-08-24 17:14:41

Beximco’s Sukuk Bond IPO subscription for Tk 7.50 billion has been extended till September 6 as the bond received a lukewarm response from investors in the first phase. In the first phase, the...

Bourses open mixed after record high

Bourses open mixed after record high

FE ONLINE REPORT 2021-08-24 11:08:09

Stocks opened on a mixed trend on Tuesday, after a record-breaking rally in the past three days, as investors were active on both sides of the trading fence. The market opened on a positive note this...

Desh General Insurance declares 10pc cash dividend

Desh General Insurance declares 10pc cash dividend

FE ONLINE REPORT 2021-08-24 10:21:54

The board of directors of recently listed Desh General Insurance Company has recommended a 10 per cent cash dividend for the year ended on December 31, 2020. The final approval of the dividend will c...

Stocks of five companies rising sans price-sensitive information

Stocks of five companies rising sans price-sensitive information

FE REPORT 2021-08-24 08:59:49

Stocks of five listed companies are witnessing unusual price rises and an increase in the volume of shares in recent weeks though there was no undisclosed price-sensitive information (PSI). The com...

Stocks extend rally to hit new highs

Stocks extend rally to hit new highs

FE ONLINE REPORT 2021-08-23 16:33:13

Stocks extended the rally on Monday as all three indices and market capitalisation of the Dhaka Stock Exchange (DSE) set at new highs. The market opened higher in the morning and the key index of the...

Rupali Life declares 13pc cash, 2.0pc stock dividend

Rupali Life declares 13pc cash, 2.0pc stock dividend

FE ONLINE REPORT 2021-08-23 11:16:21

The board of directors of Rupali Life Insurance Company has recommended 13 per cent cash and 2.0 per cent stock dividend for the year ended on December 31, 2020. The final approval of the dividend is...

Stocks open on upbeat note amid high optimism

Stocks open on upbeat note amid high optimism

FE ONLINE REPORT 2021-08-23 10:50:42

Stocks opened on an upbeat note on Monday as the buoyant investors are putting fresh bets on stocks amid high expectations. After crossing the key index 6800-mark in the previous day, the market op...