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The Financial Express

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Finance minister for strong bond market

Finance minister for strong bond market

FE Online Report 2020-06-11 17:09:56

Finance Minister AHM Mustafa Kamal has proposed to introduce the provision of TDS (tax deducted at source) at the time of payment of interest and discount on bonds to make the bond market attractive t...

Stocks end flat on budget day

Stocks end flat on budget day

FE ONLINE REPORT 2020-06-11 15:28:34

Stocks posted a modest gain on Thursday, as investors are cautiously waiting for the budget announcements before making any further investment decisions. Finance Minister AHM Mustafa Kamal is unveili...

Stocks open flat as budget unveil today

Stocks open flat as budget unveil today

FE ONLINE REPORT 2020-06-11 11:41:33

Stocks witnessed almost flat in early trading on Thursday as the investors are closely eyeing on national budget unveiled today. The growing virus tension and the floor price limitation also kept the...

Shahjalal Bank declares 10pc dividend

Shahjalal Bank declares 10pc dividend

FE ONLINE REPORT 2020-06-11 10:43:42

The board of directors of Shahjalal Islami Bank Ltd has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2019. The board has also decided to increase t...

BSEC scraps Delta Hospital's IPO

BSEC scraps Delta Hospital's IPO

FE Report 2020-06-11 10:28:36

The securities regulator on Wednesday scrapped the IPO proposal of Delta Hospital as the company is unwilling to go public with 'insufficient' share price determined at the bidding. The decision was...

Stocks end flat ahead of budget

Stocks end flat ahead of budget

FE ONLINE REPORT 2020-06-10 15:28:32

Stocks witnessed yet another flat session on Wednesday as investors mostly followed cautious stance ahead of national budget and ongoing Covid-19 pandemic. DSEX, the key index of the Dhaka Stock Exch...

Stocks open nearly flat amid dull trading

Stocks open nearly flat amid dull trading

FE ONLINE REPORT 2020-06-10 11:40:44

Stocks remained almost flat in early trading on Wednesday as investors’ concerns over the worsening Covid-19 situation and the floor price limitation kept the market nearly inactive. Within fir...

Dutch-Bangla Bank’s profit surges 59pc in Q1

Dutch-Bangla Bank’s profit surges 59pc in Q1

FE ONLINE REPORT 2020-06-10 11:28:33

Dutch-Bangla Bank Ltd’s profit after tax surged 59 per cent year-on-year in the first quarter (Q1) for January-March, 2020. The board of directors of the bank in a meeting held on Tuesday, amon...

Chinese companies put US listing plans on ice as tensions mount

Chinese companies put US listing plans on ice as tensions mount

Reuters 2020-06-10 11:17:29

Chinese companies are putting off plans for US listings as tensions between the world’s top two economies rise, lawyers, bankers, accountants and regulators involved in what has been a major cap...

BSEC rejects Dragon Sweater's rights offer

BSEC rejects Dragon Sweater's rights offer

FE REPORT 2020-06-10 09:51:21

Bangladesh Securities and Exchange Commission (BSEC) has rejected the rights share offer of Dragon Sweater and Spinning Ltd. The securities regulator issued a letter to the company on June 3 in thi...

Regulator asks bourses to fully digitalise trading platforms

Regulator asks bourses to fully digitalise trading platforms

FE Report 2020-06-10 09:41:45

The securities regulator has asked both the bourses to set work plans for transforming the trading platforms into completely digitalised ones to avoid trade disruptions during any kind of pandemic i...

Dhaka stocks edge up amid sluggish turnover

Dhaka stocks edge up amid sluggish turnover

FE ONLINE REPORT 2020-06-09 15:30:17

Stocks edged up on Tuesday when the turnover dipped below Tk 1.0 billion-mark again as investors mostly followed cautious stance ahead of the national budget and ongoing Covid-19 pandemic. DSEX, the...

Stocks open on slow trend amid low turnover

Stocks open on slow trend amid low turnover

FE Online Report 2020-06-09 11:40:12

Stocks witnessed a modest gain in early trading on Tuesday as investors are concerned over the worsening Covid-19 situation and the floor prices mechanism which kept the market almost inactive. Withi...

LankaBangla Finance declares 12pc dividend

LankaBangla Finance declares 12pc dividend

FE ONLINE REPORT 2020-06-09 11:23:43

The board of directors of LankaBangla Finance Ltd has recommended 7.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2019. The final approval of the dividend will co...

Square Pharma’s EPS surges 16pc in Q3

Square Pharma’s EPS surges 16pc in Q3

FE Online Report 2020-06-09 10:41:02

Square Pharmaceuticals Ltd’s consolidated earnings per share (EPS) surged 16 per cent year-on-year in third quarter (Q3) for January-March, 2020. The board of directors of the company in a meet...

Stipulated IPO price: Walton Hi-Tech seeks 10pc additional discount

Stipulated IPO price: Walton Hi-Tech seeks 10pc additional discount

FE Report 2020-06-09 10:20:41

Walton Hi-Tech Industries has made a proposal of issuing IPO shares with 10 per cent additional discount on stipulated price considering the interest of the capital market and small investors. The co...

Stocks slip back into red

Stocks slip back into red

FE ONLINE REPORT 2020-06-08 14:48:55

Stocks slipped back into the red on Monday, after a single-day break, as investors mostly followed a cautious stance amid the ongoing virus scare. DSEX, the key index of the Dhaka Stock Exchange, wen...

Baraka Power’s net profit jumps 51pc in nine months

Baraka Power’s net profit jumps 51pc in nine months

FE ONLINE Report 2020-06-08 10:35:49

The net profit of Baraka Power Ltd rose more than 51 per cent year-on-year in the nine months for July, 2019 to March, 2020. The board of directors of the company in a meeting on Sunday approved the...

Listed banks can now disburse cash dividend

Listed banks can now disburse cash dividend

FE REPORT 2020-06-08 10:14:00

The central bank has now allowed the listed banks to disburse cash dividend for 2019 to individual investors (local and foreign) within September 30. The Bangladesh Bank (BB) issued a circular to thi...

Stocks post modest gains, snapping four-day losing streak

Stocks post modest gains, snapping four-day losing streak

FE ONLINE REPORT 2020-06-07 15:26:46

Stocks on both the bourses posted modest gains on Sunday, snapping a four-day losing streak, as some investors showed their buying binge on selective categories. DSEX, the key index of the Dhaka Stoc...

Stocks post slight gain at open amid low turnover

Stocks post slight gain at open amid low turnover

FE Online Report 2020-06-07 11:40:20

Stocks on both the bourses witnessed a slight gain trend at opening on Sunday despite investors’ concerns over the worsening COVID-19 situation and the floor prices mechanism kept the market alm...

RN Spinning Mills decides to reduce paid-up capital

RN Spinning Mills decides to reduce paid-up capital

FE Online Report 2020-06-07 10:31:27

The board of directors of RN Spinning Mills has decided to reduce its paid-up share capital by issuing 1 share against existing 7 shares (7:1) of Tk 10 each to the existing shareholders. The reductio...

Formation of special fund: Scheduled banks asked to submit info on daily basis

Formation of special fund: Scheduled banks asked to submit info on daily basis

Mohammad Mufazzal 2020-06-07 10:03:18

Bangladesh Bank (BB) has asked the scheduled banks to submit information on daily basis regarding the formation of the special fund earlier announced to support the country's ailing capital market....

ACME Lab’s net profit drops slightly in nine months

ACME Lab’s net profit drops slightly in nine months

FE Online Report 2020-06-07 09:54:27

ACME Laboratories Ltd’s net profit after tax fell slightly by 1.74 per cent year-on-year in the nine months for July, 2019 to March, 2020. The board of directors of the company in a virtual mee...

LafargeHolcim tops Sustainalytics ESG Rating in construction materials sector

LafargeHolcim tops Sustainalytics ESG Rating in construction materials sector

FE DESK REPORT 2020-06-06 10:24:56

Sustainalytics, a global leader in environmental, social and governance risks (ESG) and Corporate Governance research and ratings, published its latest LafargeHolcim ESG Risk Rating. Of all 101 const...

Weekly Review: Twin perils hit stocks hard

Weekly Review: Twin perils hit stocks hard

Babul Barman 2020-06-06 10:17:51

Stocks plunged in the outgoing week, the first week after two months break, as the growing tension over the impacts of Covid-19 pandemic and the new 'floor price' system. Both the perils kept investo...

Asian stocks set for best weekly gain in nine years

Asian stocks set for best weekly gain in nine years

REUTERS 2020-06-05 13:42:03

Asian stocks extended gains on Friday and were poised for their biggest weekly rise since 2011 while the euro hit a 1-1/2 month high as Europe’s central bank surprised with more stimulus, fuelli...

Public opinion sought on draft rules for issuance of debt securities

Public opinion sought on draft rules for issuance of debt securities

FE Report 2020-06-05 10:07:07

The securities regulator has sought public opinion on the draft rules formulated for issuance of debt securities including the green bond. The stakeholders will be allowed to submit their opinions on...

Prime Bank's net profit grows 18 per cent in Q1

Prime Bank's net profit grows 18 per cent in Q1

FE DESK REPORT 2020-06-05 10:03:13

Prime Bank Limited has earned a net profit of Tk 510 million in the first quarter (Q1) of 2020 on solo basis, registering a growth of 18 per cent over the corresponding period of 2019. The bank has a...

FIs seek refinancing fund of Tk 100 billion

FIs seek refinancing fund of Tk 100 billion

FE REPORT 2020-06-05 10:00:28

Prime Minister Sheikh Hasina joined a ceremony on Thursday via video conference where a delegation of Bangladesh Leasing and Finance Companies Association (BLFCA) donated Tk 95 million to the Prime...