Despite being efficient in management, British American Tobacco Bangladesh Company (BATBC) experienced a 9.41 per cent year-on-year decline in profit in the first quarter through March this year due to lower revenue. The company's management efficiency is reflected in the reduction in oper
Stocks slipped into the red on Tuesday as risk-averse investors were mostly in selling mode amid the prevailing volatility in the market. The DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down 81 points to settle at 5,585. This is the biggest fall in the last one month since 15th A
State-run Investment Corporation of Bangladesh (ICB) is forging a survival plan with the hope of receiving promised capital support from the government. The biggest investment bank in the country, it had maintained a strong performance after listing in 1977 through 2011, the year it gained
The stock ended 30 points down in the premier bourse on Monday, after a single-day break, as risk-averse investors were mostly in selling mode amid the prevailing volatility in the market. The DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down 29.96 points to settle at 5,667. On S
The regulator considers dividing listed securities into two categories -- one for non-performing stocks and the other for the remaining securities -- to encourage investors to assess them based on companies' fundamental strength. At present, stocks are labelled as 'A', 'B', 'G', 'N' and 'Z
The stock ended 36 points up in the premier bourse on Sunday, breaking a three consecutive days losing streak. The investors’ enthusiasm sustained, as the institutional investors were putting fresh stakes on large-cap stocks amid high hopes, market insiders said. The DSEX, the prime index o
The board of directors of Phoenix Insurance Company has recommended 12 per cent cash dividend for the year ended on December 31, 2023. The final approval will come during the annual general meeting (AGM) scheduled to be held on July 24 at 3:00 pm through a digital platform, said an official disclo
IPDC Finance, one of the leading non-bank financial institutions, has reported more than 21 per cent growth in profit year on year in the January-March quarter, fuelled by higher investment income and reduction of operating expenses. The non-bank financial institution (NBFI) logged a net profit of
At the end of March 2024, the amount of deposits in NRBC Bank increased by nearly 17 per cent. Moreover, compared to the same period last year, the Net Asset Value (NAV) per share of the bank increased. This information was obtained from the unaudited financial report of the bank's first quarter (
Stocks extended the losing streak for three days in a row on Thursday as cautious investors chose to reduce their capital market exposure amidst concerns over the market outlook owing to a challenging external environment. The investor sentiment has been affected by the potential interest rate hik
The initial public offering (IPO) subscription of Techno Drugs is set to open June 9, aiming to raise Tk 1.0 billion from the stock market under the book-building method. The IPO subscription of the company will continue until June 13, according to its IPO prospectus published on Thursday. The cu
The government appointed three commissioners to the Bangladesh Securities and Exchange Commission (BSEC) 10 days after the reappointment of its chairman for the second term. Of the three commissioners, Shaikh Shamsuddin Ahmed, a professor of finance at the University of Dhaka, has been reappointed
The securities regulator has fined seven individual investors and one institution Tk 20 million in total for violating the securities rules and manipulating stock prices. The Bangladesh Securities and Exchange Commission (BSEC) slapped the fine on them upon completion of hearings based on investig
