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Regulator approves revised rights proceeds utilisation by Alif Manufacturing

Regulator approves revised rights proceeds utilisation by Alif Manufacturing

FE Report 2023-02-06 09:47:40

The securities regulator has consented to the revised plan to utilize right issue proceeds by Alif Manufacturing Company. The Bangladesh Securities and Exchange Commission (BSEC) gave the approval re...

8 debentures listed on DSE matured at least one and a half decades ago

8 debentures listed on DSE matured at least one and a half decades ago

Mohammad Mufazzal 2023-02-05 09:06:20

If someone visits the website of the Dhaka Stock Exchange (DSE) from home and abroad, they will find that the number of listed securities is 657 including eight debentures. The debt instruments were...

Weekly market review: Stocks flat as investors digest earnings

Weekly market review: Stocks flat as investors digest earnings

FE REPORT 2023-02-04 10:11:27

Stocks ended nearly flat in the week to Thursday after a three-week rally as investors tried to rebalance their portfolios taking cues from the latest quarterly earnings reports. Investors mostly opt...

Genex Infosys tops turnover chart for fourth week

Genex Infosys tops turnover chart for fourth week

FE REPORT 2023-02-04 10:03:46

The ten most-traded stocks accounted for 48 per cent of transactions on the Dhaka Stock Exchange (DSE) in the outgoing week, with Genex Infosys dominating the turnover list for the fourth straight wee...

India's Adani shares nosedive

India's Adani shares nosedive

-- 2023-02-03 14:51:24

Shares of India's Adani Group companies fell sharply on Friday as ripples from a market rout disrupted parliament for a second day, fanning fears of systemic risk after a critical research report by a...

Apple forecasts another drop in revenue

Apple forecasts another drop in revenue

-- 2023-02-03 11:48:20

Apple on Thursday forecast that revenue would fall for a second quarter in a row but that iPhone sales were likely to improve as production had returned to normal in China after Covid-related shutdown...

Trading of Dhaka Bank Perpetual Bonds begins Sunday

Trading of Dhaka Bank Perpetual Bonds begins Sunday

FE REPORT 2023-02-03 09:05:06

Trading of Dhaka Bank Perpetual Bonds will commence on the stock exchanges on February 5 under the settlement category 'N' as an eighth listed perpetual bonds. The Dhaka Stock Exchange trading code f...

Aftab Automobiles evades loss as revenue jumps 131pc

Aftab Automobiles evades loss as revenue jumps 131pc

FE Report 2023-02-03 09:00:35

Aftab Automobiles narrowly escaped loss in October-December of the FY23 only by raising revenue at nearly 131 per cent year-on-year. Its earnings per share (EPS) rose to Tk 0.01 for the second quar...

Provisioning rules eased for broker, merchant banks

Provisioning rules eased for broker, merchant banks

-- 2023-02-02 18:50:33

Bangladesh Bank (BB) has halved banks' general provisioning requirement to 1.0 per cent against their loans for brokerage firms, stock dealers, and merchant banks. "It has been decided that banks wil...

MetLife profit falls 33pc

MetLife profit falls 33pc

-- 2023-02-02 12:51:17

MetLife reported a 33 per cent drop in fourth-quarter adjusted profit on Wednesday as a global market rout hurt the US insurer's investment returns, reports Reuters. Lower private equity returns...

DSE turnover crosses Tk 2b-mark after first hour of trading

DSE turnover crosses Tk 2b-mark after first hour of trading

FE ONLINE REPORT 2023-02-02 11:49:48

Stocks opened marginally higher on Thursday as investors showed their buying interest in sector-specific issues whose financial performance was not affected by recent macroeconomic challenges. Turnov...

FedEx to cut senior jobs as part of larger staff reduction

FedEx to cut senior jobs as part of larger staff reduction

-- 2023-02-02 10:57:11

FedEx Corp on Wednesday said it would cut its officer and director ranks by more than 10 per cent as part of a broad cost-reduction effort that has reduced staffing at the delivery giant by 12,00...

IFAD Autos' profit plunges on lower demand for imported vehicles

IFAD Autos' profit plunges on lower demand for imported vehicles

FE Report 2023-02-02 10:11:52

IFAD Autos saw a steep 75.9 per cent year-on-year fall in profit for the second quarter of the FY23, hit hard by revenue fall coupled with escalating foreign exchange loss. With the first quarter inc...

Renata's profit dips to 10-quarter low on stronger dollar

Renata's profit dips to 10-quarter low on stronger dollar

BABUL BARMAN 2023-02-02 09:41:44

Renata Limited's profit dropped below Tk 1 billion in October-December 2022 for the first time in 10 quarters due to a spike in the prices of raw materials driven by the dollar crisis. One of the lea...

Al-Madina Pharma to raise Tk 50m through QIO

Al-Madina Pharma to raise Tk 50m through QIO

FE Report 2023-02-02 09:38:45

Al-Madina Pharmaceuticals will raise a capital worth Tk 50 million through Qualified Investor Offer (QIO). The company will utilise the fund for expanding business and repaying loans along with cater...

Intel cuts employee, executive pay

Intel cuts employee, executive pay

-- 2023-02-01 13:23:46

Intel said on Tuesday that it had made broad cuts to employee and executive pay, a week after the company issued a lower-than-expected sales forecast driven by a loss of market share to rivals an...

Adani Group stocks rout deepens to $72b

Adani Group stocks rout deepens to $72b

-- 2023-02-01 11:56:49

Most Adani Group stocks dropped on Wednesday, extending losses to $72 billion after a short-seller report criticised the conglomerate and despite the group completing a closely watched share sale a da...

ICB AMCL approves dividends

ICB AMCL approves dividends

FE Report 2023-02-01 09:21:24

The trustee of the ICB AMCL Shotoborsho Unit Fund has approved dividends for FY 2022. As per the approval, the unit holders whose names appeared in the fund's registers within December 31, 2022 will...

ACI's profit drops marginally in Q2

ACI's profit drops marginally in Q2

FE REPORT 2023-02-01 09:18:31

ACI Limited, one of the leading conglomerates in Bangladesh, has posted a marginal drop in profit in the three months through December 2022, caused by an increase in costs due to currency devaluation...

India's Adani Enterprises enters final day of crucial $2.5bn share sale

India's Adani Enterprises enters final day of crucial $2.5bn share sale

FE ONLINE DESK 2023-01-31 12:09:07

India's Adani Enterprises climbed 2 per cent in early trade on Tuesday, the last day for its $2.5 billion secondary share sale, with all eyes on whether the company can secure enough backin...

Adani Group plans independent audit of group companies

Adani Group plans independent audit of group companies

FE ONLINE DESK 2023-01-31 10:20:30

India's Adani Group is planning to hire one of the "big six" accounting firms to assess its corporate governance and audit practices following allegations of fraud by short-selling firm Hindenburg, Re...

DESCO reports first loss in 10 quarters

DESCO reports first loss in 10 quarters

FE REPORT 2023-01-31 09:22:38

Dhaka Electric Supply Company (DESCO) - the state-owned electricity distributor - has reported a loss of Tk 31.71 million in the three months through December 2022 despite a growth in distribution r...

India's Adani Group CFO says stocks rout similar to colonial-era massacre

India's Adani Group CFO says stocks rout similar to colonial-era massacre

FE ONLINE DESK 2023-01-30 15:00:06

India's Adani Group has said a US short-seller's report on the business house was a "calculated attack" on the country and its institutions while a senior executive has compared a rout of its st...

Expressions marks 30th anniversary

Expressions marks 30th anniversary

FE DESK 2023-01-30 14:08:23

Employees of Expressions Ltd pose for photo at the celebration programme of the advertising agency in Rajendrapur on Friday. Expressions Ltd., one of the country's leading advertising agencies, celeb...

Adani group's market loss swells to $65b

Adani group's market loss swells to $65b

-- 2023-01-30 13:10:48

Most Adani group shares extended their sharp falls to Monday as a detailed rebuttal of a US short-seller's criticisms by the Indian conglomerate failed to pacify investors whose market losses ha...

Crown Cement cuts costs, pushes up sales to return to profit

Crown Cement cuts costs, pushes up sales to return to profit

BABUL BARMAN 2023-01-30 12:20:28

Crown Cement returned to profit in the second quarter of the FY23 ended in December, having suffered losses in the previous two quarters, as it boosted revenue while cutting down costs. It secured a...

Adani hits back at Hindenburg, says it made all disclosures

Adani hits back at Hindenburg, says it made all disclosures

-- 2023-01-30 10:06:33

India's Adani Group issued a detailed response on Sunday to a Hindenburg Research report that sparked a $48 billion rout in its stocks, saying it complies with all local laws and had made necess...

IDLC Asset Management Shariah Fund holds 12th Sharia Supervisory Board meeting

IDLC Asset Management Shariah Fund holds 12th Sharia Supervisory Board meeting

FE ONLINE DESK 2023-01-29 12:38:43

The IDLC Asset Management Shariah Fund, managed by IDLC Asset Management Limited, held its 12th Shariah Supervisory Board Meeting on January 28th, 2023. The board reviewed the second quarter's sharia...

India's Adani says $2.5 billion share sale on track even as bankers mull changes

India's Adani says $2.5 billion share sale on track even as bankers mull changes

FE ONLINE DESK 2023-01-29 10:43:07

A $2.5 billion share sale by India's Adani Enterprises remains on schedule at the planned issue price, the company told Reuters on Saturday, while sources said bankers were considering changes d...

Digital tool facilitating quick remedy to investors'complaints

Digital tool facilitating quick remedy to investors'complaints

MOHAMMAD MUFAZZAL 2023-01-29 08:06:48

If there is an issue in hand, such as non-payment of dividends, delay in the settlement of share transactions or forced selling of holdings, investors have an easy tool to make a complaint. The remed...