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The Financial Express

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Stocks slip into red snapping four-day winning streak

Stocks slip into red snapping four-day winning streak

FE ONLINE REPORT 2021-07-06 16:37:40

Stocks slipped into the red on Tuesday, snapping a four-day winning streak, as cautious investors opted for booking profit on quick-gaining issues amid virus worries. The key index of the Dhaka Stock...

CSE urges investors to trade through internet, apps

CSE urges investors to trade through internet, apps

FE ONLINE REPORT 2021-07-06 11:19:02

The Chittagong Stock Exchange (CSE) has encouraged investors to trade through its internet trading service and mobile application ‘CHITRA’ during the countrywide lockdown. “Trader...

Stocks open lower amid lockdown concerns

Stocks open lower amid lockdown concerns

FE ONLINE REPORT 2021-07-06 11:06:45

Stocks opened marginally lower on Tuesday as investors started to book some profits on sector-wise issues after the recent price surge. Following the previous day’s sharp gain, DSEX, the prim...

Baraka Patenga Power investors get minimum 54 IPO shares

Baraka Patenga Power investors get minimum 54 IPO shares

FE REPORT 2021-07-06 10:07:48

A general investor will get minimum 54 initial public offering (IPO) shares of Baraka Patenga Power against application of Tk 10,000. The Dhaka Stock Exchange (DSE) on Monday formally allocated the I...

DSEX exceeds 6,200-mark again

DSEX exceeds 6,200-mark again

FE ONLINE REPORT 2021-07-05 15:51:01

The prime index of the Dhaka Stock (DSEX) surpassed the 6,200-mark on Monday as buying support added strength to the equity indices despite worries over the virus-induced shock to the country’s...

Stocks open with a big jump amid lockdown

Stocks open with a big jump amid lockdown

FE ONLINE REPORT 2021-07-05 10:48:54

The market witnessed a sharp rise at opening on Monday as stocks trading resumed after a four-day break amid countrywide strict lockdown. This is the first session in the new fiscal year and tradin...

National Bank declares 5.0pc stock dividend for 2020

National Bank declares 5.0pc stock dividend for 2020

FE ONLINE REPORT 2021-07-05 10:11:06

The board of directors of National Bank Ltd has recommended a 5.0 per cent stock dividend for the year ended on December 31, 2020. The final approval of the dividend will come during the annual gener...

Fund raising through IPOs hits a decade high

Fund raising through IPOs hits a decade high

BABUL BARMAN 2021-07-05 09:24:20

Private companies have offloaded primary shares worth Tk 16.12 billion in the just concluded fiscal year, the highest amount in more than a decade, amid virus-induced sluggish economic activities....

Stock markets resume Monday

Stock markets resume Monday

FE ONLINE REPORT 2021-07-04 11:35:53

The country’s stock markets will resume tomorrow (Monday) after a four-day break, including weekly and bank holidays, officials said. Trading and settlement activities will remain open for thre...

Purabi Insurance to disburse 10pc dividend for 2020

Purabi Insurance to disburse 10pc dividend for 2020

FE REPORT 2021-07-03 09:06:34

The board of directors of Purabi General Insurance Company has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2020. The dividend was recommended at...

South Bangla Bank's IPO subscription begins Monday

South Bangla Bank's IPO subscription begins Monday

FE REPORT 2021-07-02 09:14:27

The initial public offering (IPO) subscription of South Bangla Agriculture & Commerce Bank (SBAC) will begin on Monday, aiming to raise Tk 1.0 billion under the fixed price method. The private...

BSEC issues rules to govern Tk 210b fund for stick market stabilization

BSEC issues rules to govern Tk 210b fund for stick market stabilization

Mohammad Mufazzal 2021-07-02 08:48:56

The securities regulator has finally issued a set of rules, paving the way for creating a special fund to help revitalise the capital market. The much-awaited rules on the formation of the market sta...

Scope to legalise undisclosed money gives a fillip to stock market

Scope to legalise undisclosed money gives a fillip to stock market

FE REPORT 2021-07-01 09:14:27

Dhaka bourse on Wednesday saw a sharp rise in the broad index following investors' increased participation a day before enforcing the country-wide strict lockdown. On the day, all sectors of the li...

Bangladesh equity market inaccessible to foreign investors: Report

Bangladesh equity market inaccessible to foreign investors: Report

ADNAN HOSSAIN BHUIYAN 2021-07-01 08:50:41

The country's public equity market still remained inaccessible to most foreign investors despite having compounded GDP (gross domestic product) for 40 consecutive years, according to the latest repo...

'Z' category companies soar abnormally

'Z' category companies soar abnormally

FE REPORT 2021-06-30 09:04:07

Some 'Z' category companies recently saw unusual rise in share prices despite there is no undisclosed price sensitive information behind such price hikes. On Tuesday, the share prices of those compan...

Banks, financial institutions sandwiched between conflicting regulatory issues

Banks, financial institutions sandwiched between conflicting regulatory issues

Mohammad Mufazzal 2021-06-30 08:49:09

The central bank has requested the securities regulator to amend or fine-tune its directives issued under the corporate governance code (CGC) for the listed banks and financial institutions (FIs). Fo...

Popular, Pioneer declare dividends for 2020

Popular, Pioneer declare dividends for 2020

FE REPORT 2021-06-28 11:13:24

Two more insurers - Popular Life Insurance Company and Pioneer Insurance Company - have recommended dividends for their shareholders for the year ended on December 31, 2020. Popular Life Insurance: T...

DSEX drops 100 points over lockdown fears

DSEX drops 100 points over lockdown fears

FE ONLINE REPORT 2021-06-27 16:56:50

The key index of the Dhaka Stock Exchange (DSE) dropped more than 100 points on Sunday. The DSEX dropped as worried investors dumped their holdings ahead of the strict lockdown due to the increasing...

Stocks tumble at opening on lockdown worries

Stocks tumble at opening on lockdown worries

FE ONLINE REPORT 2021-06-27 11:08:20

Stocks tumbled at the opening on Sunday as panic gripped investors fearing further fall of share prices as the government announced a fresh strict lockdown to curb the spread of deadly coronavirus....

Phoenix Finance to pay 12pc dividend for 2020

Phoenix Finance to pay 12pc dividend for 2020

FE REPORT 2021-06-26 10:22:10

Phoenix Finance and Investments has recommended 6.0 per cent cash and 6.0 per cent stock dividend for the year ended on December 31, 2020. The board of directors of the company has approved the finan...

Stocks led by banks, textiles rebound

Stocks led by banks, textiles rebound

BABUL BARMAN 2021-06-26 09:44:38

Stocks bounced back in the outgoing week, after a single-week break, as bargain hunters showed their appetite on major sector issues despite virus worries. Week-on-week, DSEX, the core index of the D...

BSEC to take legal action against 11 sponsor-directors

BSEC to take legal action against 11 sponsor-directors

FE REPORT 2021-06-25 09:38:42

The securities regulator has decided to take legal action against 11 sponsor-directors and 33 external local shareholders of Ring Shine Textiles for their involvement in a financial scam related to th...

Stocks rebound on bargain hunting snapping previous day’s sharp fall

Stocks rebound on bargain hunting snapping previous day’s sharp fall

FE Online Report 2021-06-24 16:29:45

The market rebounded on Thursday, snapping the previous day’s sharp fall, as bargain hunters went on late hours buying spree on sector-specific stocks. However, daily trade turnover plunged to...

Stocks open on negative note amid lower turnover

Stocks open on negative note amid lower turnover

FE ONLINE REPORT 2021-06-24 10:56:55

Stocks opened marginally lower on Thursday as risk-averse investors went on selling shares amid rising virus cases and deaths in the country. Following the previous day’s sharp decline, the mar...

Pubali Bank’s Tk 5.0b perpetual bond: 10pc fund to be raised through public offer

Pubali Bank’s Tk 5.0b perpetual bond: 10pc fund to be raised through public offer

FE ONLINE REPORT 2021-06-24 10:22:50

The board of directors of Pubali Bank has now decided to issue Perpetual Bond worth Tk 5.0 billion in a revised manner in order to comply with the securities regulator’s latest directive. As pe...

BSEC initiates steps to make ailing companies viable

BSEC initiates steps to make ailing companies viable

MOHAMMAD MUFAZZAL 2021-06-24 09:56:16

The securities regulator has initiated a move to make the ailing listed companies, including state-owned ones, operationally sound and financially viable for the greater interest of the shareholders a...

Tk 30b Beximco Sukuk gets nod

Tk 30b Beximco Sukuk gets nod

FE REPORT 2021-06-24 09:49:34

The securities regulator has approved the proposal of issuing asset-backed Green-Sukuk bond worth Tk 30 billion by the BEXIMCO for the purpose of business expansion. The Bangladesh Securities and Exc...

DSEX dips below 6100-mark on selling spree

DSEX dips below 6100-mark on selling spree

FE ONLINE REPORT 2021-06-23 16:28:44

Stocks plunged on Wednesday as risk-averse investors opted for a quick profit on major sector issues amid the rising trend of virus infections and death in the country. Following the previous day&rsq...

Stocks open marginally higher with rising turnover

Stocks open marginally higher with rising turnover

FE ONLINE REPORT 2021-06-23 10:57:39

Stocks opened marginally higher on Wednesday as investors showed their buying spree on low-cap textile sector issues. Following the previous day’s marginal correction, the market opened on a po...

IPDC Finance to issue Tk 1.5b subordinated bond

IPDC Finance to issue Tk 1.5b subordinated bond

FE ONLINE REPORT 2021-06-23 10:49:59

The board of directors of IPDC Finance has decided to issue Tk 1.50 billion non-convertible unsecured coupon-bearing subordinated bond with six years tenure. The bond will be issued through private p...