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LafargeHolcim declares 18pc interim dividend as strong growth momentum continues

LafargeHolcim declares 18pc interim dividend as strong growth momentum continues

FE ONLINE REPORT 2022-11-15 22:29:22

LafargeHolcim Bangladesh declared an interim cash dividend at 18 per cent for the ten months period ended on October 31, 2022. The declaration came at a meeting of the board of directors of the compa...

Beximco eyes boost to profit, helped by 5.25pc stake in BSC

Beximco eyes boost to profit, helped by 5.25pc stake in BSC

FE REPORT 2022-11-15 09:06:13

Beximco Ltd bought a 5.25 per cent stake in the state-run Bangladesh Shipping Corporation (BSC) at the expense of around Tk 1.18 billion in anticipation of a boost to its own profit in the days to com...

Overpriced Orion Infusion plunges as disclosure jolts investors to reality

Overpriced Orion Infusion plunges as disclosure jolts investors to reality

BABUL BARMAN 2022-11-15 09:05:17

Orion Infusion's stock plunged 12.58 per cent on Monday, becoming the day's worst loser, after soaring 'abnormally' by 12 times in the past five months. The stock skyrocketed from just Tk 79.70 on Ju...

Bourses change trading hours from Tuesday

Bourses change trading hours from Tuesday

-- 2022-11-14 16:54:49

Share trading of Dhaka Stock Exchange (DSE) will be held as per the new office schedule – from 10:00 am to 2:30 pm – from Tuesday, an official notification said. The Deputy General Manage...

Renata's profit slumps despite growth in revenue

Renata's profit slumps despite growth in revenue

FE REPORT 2022-11-14 09:23:53

Renata Limited's stock plunged 6.55 per cent or Tk 85.3 on the Dhaka Stock Exchange to Tk 1,217.90 on Sunday after its disclosure of a 10 per cent fall in profit in the first quarter of the current fi...

Titas registers quarterly operating loss for the first time since 2008 listing

Titas registers quarterly operating loss for the first time since 2008 listing

BABUL BARMAN 2022-11-14 09:19:52

Titas Gas Transmission & Distribution Company has reported operating losses for the July-September quarter of FY23 for the first time since it was listed with the stock market in 2008, mainly for...

Market controlling mechanism: Is it a boon or a bane?

Market controlling mechanism: Is it a boon or a bane?

MOHAMMAD MUFAZZAL 2022-11-13 09:45:31

Regulatory measures have become frequent phenomena for the capital market since March 2020, either to prevent it from cascading down or to keep it upbeat, but experts say such interventions do not hav...

Healthcare Pharma launches Eli Lilly’s new diabetes drug in Bangladesh

Healthcare Pharma launches Eli Lilly’s new diabetes drug in Bangladesh

FE ONLINE REPORT 2022-11-12 20:12:35

Healthcare Pharmaceuticals Ltd, one of the largest pharmaceutical companies in Bangladesh, has launched Eli Lilly & Company’s Humalog® 200 for diabetes treatment in Bangladesh. Humalog&...

Stocks back in the red as traders weigh earnings

Stocks back in the red as traders weigh earnings

FE REPORT 2022-11-12 10:52:06

The stock market returned to the red this week, eroding prior week gains, as wary investors dumped their holdings of major sector shares amid increasingly gloomy and uncertain economic outlook. Moreo...

Beximco Pharma's profit drops in Q1 even as revenue up

Beximco Pharma's profit drops in Q1 even as revenue up

BABUL BARMAN 2022-11-12 10:42:44

Beximco Pharmaceuticals witnessed a 4.7 per cent drop in net profit in the first quarter (Q1) of the current financial year on the back of higher raw materials costs and sharp depreciation of local cu...

New Robi CEO for continuity of telecom policies

New Robi CEO for continuity of telecom policies

FE REPORT 2022-11-11 11:05:53

Newly appointed Robi Axiata Chief Executive Officer (CEO) Rajeev Sethi wants continuity of policies in the country's telecom sector. "We seek continuity from the telecom regulator; nobody likes uncer...

Pharma Aids' profit drops 31pc in FY22

Pharma Aids' profit drops 31pc in FY22

FE REPORT 2022-11-11 10:00:38

Pharma Aids, the pioneer ampoules manufacturer in Bangladesh, has reported a 31 per cent decline in profit in the fiscal 2021-22, compared to the previous fiscal year, mainly for deferred tax expenses...

Pain of growth: Cement makers have to pay for unused capacity

Pain of growth: Cement makers have to pay for unused capacity

MOHAMMAD MUFAZZAL 2022-11-11 08:52:10

The capacity expansion of the cement industry since 2008 far outstripped demand leaving a significant part of it sitting idle to the cost of profit. The industry's production capacity rose an astonis...

Stocks open higher after three-day slump

Stocks open higher after three-day slump

FE ONLINE REPORT 2022-11-10 11:18:50

Stocks opened higher on Thursday, after three-day fall, as the bargain showed their buying binge on sector-wise issues. The news that the International Monetary Fund (IMF) agreed to give a total $4.5...

Eastern Cables returns to profit after losses in 19 quarters

Eastern Cables returns to profit after losses in 19 quarters

BABUL BARMAN 2022-11-10 09:33:34

Eastern Cables, the state-run wire maker, reported to have gained a profit of Tk 8.98 million in the fiscal year 2021-22, even after incurring losses in the first three quarters amounting to Tk 56 mil...

Eastern Cables returns to profit after four years

Eastern Cables returns to profit after four years

FE ONLINE REPORT 2022-11-09 11:35:09

Eastern Cables, the state-run wire maker, returned to profit in the fiscal year 2021-22 after suffering losses in the past four fiscal years. The cable manufacturer raked a profit of Tk 8.98 mil...

Musk's net worth slips below $200b as Tesla shares waver

Musk's net worth slips below $200b as Tesla shares waver

-- 2022-11-09 11:29:10

Elon Musk's net worth dropped below $200 billion on Tuesday as investors dumped Tesla shares on fears the top executive and largest shareholder of the world's most valuable electric-vehicle maker...

Bourses open lower amid volatile trading

Bourses open lower amid volatile trading

FE ONLINE REPORT    2022-11-09 10:54:55

Stocks opened marginally lower on Wednesday as the shaky investors continued their sell-off in the major sector issues amid dismal earnings disclosure from most of the companies. Following the p...

Meghna Cement makes a turnaround gaining profit of Tk 55.87m in FY22

Meghna Cement makes a turnaround gaining profit of Tk 55.87m in FY22

BABUL BARMAN 2022-11-09 10:32:41

Meghna Cement Mills, a concern of Bashundhara Group, gained Tk 55.87 million in profit in the fiscal 2021-22 ended in June, a turnaround from Covid-induced losses the year before. As a result, earnin...

Bangladesh changes stock trading hours after new government office time

Bangladesh changes stock trading hours after new government office time

-- 2022-11-08 20:47:09

Bangladesh Securities and Exchange Commission (BSEC) has revised the capital market transaction hours following the new government office timings, reports bdnews24.com. The capital market will now re...

Foreign investors continue share selling spree

Foreign investors continue share selling spree

FE REPORT 2022-11-08 11:38:04

Foreign investors continued selling shares in the last two months, dismayed by local currency depreciation among other reasons. Sales of shares surpassed the volume purchased during the period. Acco...

Stocks open higher after IMF-BSEC meeting

Stocks open higher after IMF-BSEC meeting

FE ONLINE REPORT 2022-11-08 11:09:10

Stocks open higher on Tuesday, after a single-day break, as the bargain hunters showed their buying binge in sector-wise issues. The market opened higher a day after a meeting was held between Intern...

Walton gets severe blow in July-Sept as consumers' purchasing power erodes

Walton gets severe blow in July-Sept as consumers' purchasing power erodes

BABUL BARMAN 2022-11-08 10:31:46

Walton Hi-Tech Industries PLC, the most valued local company in terms of market capitalisation, went into the red in the first quarter of the fiscal 2022-23, ended in September, for costlier raw mater...

REIT draft rules to be finalised soon

REIT draft rules to be finalised soon

FE REPORT 2022-11-08 10:28:22

The draft rules for the Real Estate Investment Trust (REIT) are set to be finalised soon by the securities regulator - to create an opportunity for general people to get dividends from the real-estate...

IMF for capacity building of BSEC

IMF for capacity building of BSEC

-- 2022-11-07 16:26:15

Visiting delegation of the International Monetary Fund (IMF) has suggested capacity building of the Bangladesh Securities and Exchange Commission (BSEC) to act in a way so that people from various bac...

Stocks open lower after our-day rise

Stocks open lower after our-day rise

FE ONLINE REPORT 2022-11-07 11:16:16

Stocks opened lower on Monday, after four-day rising trend, as the cautious investors booked some profits on quick-gaining shares. Following the previous day’s rise, DSEX, the prime index of th...

Associated Oxygen to issue bond for expansion

Associated Oxygen to issue bond for expansion

FE REPORT 2022-11-07 10:29:50

Associated Oxygen, which produces gas products for the last three decades, has decided to issue a convertible bond worth Tk 2.50 billion for its business expansion. Associated Oxygen signed a fund ar...

Non-banks go into losses, battered by interest rate cap, capital market

Non-banks go into losses, battered by interest rate cap, capital market

BABUL BARMAN 2022-11-07 10:25:00

The bearish stock market and the lending interest rate cap have been eating into profits of non-bank financial institutions, worsening the health of the overall sector. Most of the companies that l...

Markets open week on high note

Markets open week on high note

FE ONLINE REPORT 2022-11-06 11:14:00

Stocks opened marginally higher on Sunday, riding on the price appreciation in some selective stocks. Following the previous week’s gain, DSEX, the prime index of the Dhaka Stock Exchange (DSE)...

British Int'l Investment to provide $50m climate loan to Pubali Bank

British Int'l Investment to provide $50m climate loan to Pubali Bank

FE DESK 2022-11-06 10:30:40

British International Investment (BII), the UK's development finance institution and impact investor, announces a $50 million loan to Pubali Bank Limited, a leading universal bank in Bangladesh. The...