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The Financial Express

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Axiata seeks 66pc stake in Indonesia's Link Net

Axiata seeks 66pc stake in Indonesia's Link Net

REUTERS 2021-07-30 18:48:17

Malaysian telecoms group Axiata Group Bhd is exploring a deal to acquire an equity holding of almost two-thirds of Indonesia's PT Link Net Tbk shares, it said in a stock exchange filing on Friday. Th...

SBAC Bank’s investors get minimum 60 IPO shares

SBAC Bank’s investors get minimum 60 IPO shares

FE Online Report 2021-07-29 19:21:50

A general investor will get a minimum of 60 initial public offerings (IPOs) shares of South Bangla Agriculture & Commerce Bank (SBAC) against the application of Tk 10,000. The Dhaka Stock Exchang...

DSEX records new high as investors stay afloat

DSEX records new high as investors stay afloat

FE ONLINE REPORT 2021-07-29 18:04:47

Stocks posted a marginal gain on Thursday, with the key index of the Dhaka Stock Exchange (DSEX), hitting a new high since its inception more than eight year back. DSEX, the prime index of the Dhaka...

Stocks down in early trading on profit-booking

Stocks down in early trading on profit-booking

FE ONLINE REPORT 2021-07-29 11:02:43

Stocks witnessed a downward trend in early trading on Thursday as cautious investors are booking profit on sector-wise issues following reduced trading days news next week. Trading on the bourses wil...

Premier Bank to issue Tk 4.0b perpetual bond

Premier Bank to issue Tk 4.0b perpetual bond

FE ONLINE REPORT 2021-07-29 10:29:58

The board of directors of Premier Bank has decided to raise Tk 4.0 billion through the issuance of unsecured contingent-conversion floating rate perpetual bonds to boost the capital base of the bank....

National Life Insurance declares 32pc cash dividend

National Life Insurance declares 32pc cash dividend

FE ONLINE REPORT 2021-07-29 10:01:26

The board of directors of National Life Insurance Company has recommended a 32 per cent cash dividend for the year ended on December 31, 2020. The final approval of the dividend will come during th...

Most listed banks see whopping growth in earnings per share

Most listed banks see whopping growth in earnings per share

FE REPORT 2021-07-29 09:13:35

Standard Bank has returned to profit in the second quarter (Q2) that ended on June 30, 2021, against the same quarter last year while Dutch-Bangla Bank's earnings dropped slightly in April-June, 202...

Market ‘distortions’ weakening telecom industry, Robi CEO says

Market ‘distortions’ weakening telecom industry, Robi CEO says

-- 2021-07-28 17:39:37

Admitting significant contributions of digital vision to financial performance, Mobile phone operator Robi’s Managing Director and CEO Mahtab Uddin Ahmed has said distorted price mechanisms and...

DSEX exceeds 6,400-mark

DSEX exceeds 6,400-mark

FE ONLINE REPORT 2021-07-28 16:33:58

Stocks bounced back in a gaining streak on Wednesday, after two-day marginal correction, as investors showed their buying interest on sector-specific issues based on the latest corporate declarations....

Stocks open higher after two-day correction

Stocks open higher after two-day correction

FE ONLINE REPORT 2021-07-28 11:10:49

Stocks witnessed an upward trend on Wednesday, after a two-day marginal correction, as bargain hunters were active on the major sector issues. The market opened on a positive note and the benchmark...

Mandatory listing of MNCs on Bangladesh's stock exchange suggested

Mandatory listing of MNCs on Bangladesh's stock exchange suggested

FE REPORT 2021-07-28 08:45:04

Experts at a seminar on Tuesday suggested introducing a provision for a mandatory listing of multinational companies (MNCs) on the stock exchange so as to increase the depth of the capital market. Th...

South Bangla Bank’s IPO subscription hits 14 times high

South Bangla Bank’s IPO subscription hits 14 times high

FE ONLINE REPORT 2021-07-27 22:09:49

The initial public offering (IPO) subscription of South Bangla Agriculture & Commerce Bank (SBAC) hit 14 times high and the bank will be allocated IPO shares Thursday, officials said. The private...

Green Delta Insurer’s earnings jump 243pc in Q2

Green Delta Insurer’s earnings jump 243pc in Q2

FE ONLINE REPORT 2021-07-27 11:42:41

Green Delta Insurance has posted a 243 per cent growth in its second quarter (Q2) earnings for April-June, 2021, compared to the same quarter of last year thanks to higher investment income and lower...

Stocks witness slow trend at opening

Stocks witness slow trend at opening

FE ONLINE REPORT 2021-07-27 11:04:13

Stocks posted a marginal rise at the opening on Tuesday as investors were mostly cautious following the Bangladesh Bank’s latest directive to curb the flow of stimulus funds to unproductive sect...

Marico Bangladesh declares 200pc interim cash dividend

Marico Bangladesh declares 200pc interim cash dividend

FE ONLINE REPORT 2021-07-26 21:07:11

The board of directors of Marico Bangladesh has declared a 200 per cent interim cash dividend for the year ending on March 31, 2022, based on three months financials for the period ended on June 30, 2...

Stocks snap six-day winning streak

Stocks snap six-day winning streak

FE ONLINE REPORT 2021-07-26 16:41:16

Stocks slipped into the red on Monday, snapping a six-day winning streak, as risk-averse investors booked some profit on quick-gaining issues. After hitting the key index an all-time high the previou...

Stocks open marginally lower in cautious trade

Stocks open marginally lower in cautious trade

FE ONLINE REPORT 2021-07-26 11:07:59

Stocks witnessed a marginal fall in early trading on Monday, after hitting an all-time high in the previous day, as risk-averse investors opted for booking some profit on sector-wise issues. The ma...

World's eyes are now on Bangladesh, says BSEC chief

World's eyes are now on Bangladesh, says BSEC chief

-- 2021-07-26 09:46:42

Bangladesh is now recognised as an attractive destination for investment in the world, says Shibli Rubayat-Ul-Islam, chairman of the Bangladesh Securities and Exchange Commission (BSEC). He said this...

Expert panel formed to make DSE trading system foolproof

Expert panel formed to make DSE trading system foolproof

FE REPORT 2021-07-26 09:07:16

The securities regulator has formed a seven-member expert panel to facilitate the development of trading operations at Dhaka Stock Exchange (DSE) removing the existing complexities. The panel led b...

Banks warned of stimulus fund flow to 'unproductive' sectors

Banks warned of stimulus fund flow to 'unproductive' sectors

SIDDIQUE ISLAM AND BABUL BARMAN 2021-07-26 09:00:11

As part of a precautionary measure to avert a possible 'asset bubble', Bangladesh Bank (BB) has warned the commercial banks of diverting funds to unproductive sectors like the stock market or real e...

DSEX soars post-Eid session to reach record high  

DSEX soars post-Eid session to reach record high  

FE Online Report 2021-07-25 16:43:21

The prime index of the Dhaka Stock Exchange (DSEX) hit a record high on Sunday, the first session after Eid vacation, as buying binge added strength to the equity indices despite virus worries. The...

Tarique Amin joins DSE as managing director

Tarique Amin joins DSE as managing director

-- 2021-07-25 16:15:02

Tarique Amin Bhuiyan on Sunday joined as the managing director of the Dhaka Stock Exchange Limited (DSE). DSE Board of Directors in its 1008th meeting held on July 04 decided to appoint him as the ma...

Stocks open post-Eid session higher

Stocks open post-Eid session higher

FE ONLINE REPORT 2021-07-25 10:57:15

The prices of most of the shares on the bourses witnessed an upward trend in the early hour of trading on Sunday, the first session after the Eid holidays. The Dhaka Stock Exchange (DSE) and Chittago...

Beximco Synthetics trading suspension extended till Aug 3

Beximco Synthetics trading suspension extended till Aug 3

FE Report 2021-07-25 10:12:43

Share trading of Beximco Synthetics has been suspended for another 15 days, according to information of Dhaka Stock Exchange (DSE). As per the decision, the company's share trading will remain susp...

Four banks post 2nd quarter earning per share growth

Four banks post 2nd quarter earning per share growth

FE REPORT 2021-07-25 08:47:22

Four listed banks have witnessed substantial growth in EPS (earnings per share) for April-June (Q2), 2021 compared to the same period of the previous year riding on operating income, among others. Th...

Stock market to reopen Sunday after Eid holidays

Stock market to reopen Sunday after Eid holidays

FE ONLINE REPORT 2021-07-24 19:47:52

Trading and official activities on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) will resume on Sunday after the Eid-ul-Azha holidays. The bourses remained closed for five days,...

Berger Paints to pay 375pc cash dividend

Berger Paints to pay 375pc cash dividend

FE REPORT 2021-07-24 09:06:06

Berger Paints Bangladesh has recommended a 375 per cent cash dividend for the year ended on March 31, 2021. The multinational company has also decided to sign a distributor agreement with the Promat...

City Bank to issue Tk 7.0b subordinated bond

City Bank to issue Tk 7.0b subordinated bond

FE REPORT 2021-07-24 09:05:27

The City Bank Limited has decided to raise Tk 7.0 billion through issuance of subordinated bond to strengthen its capital base and support continuous business growth. The board of directors of the...

ACME Pesticides allowed to go public

ACME Pesticides allowed to go public

FE REPORT 2021-07-20 09:00:53

The securities regulator has approved the IPO (initial public offering) proposal of ACME Pesticides which will raise a capital worth Tk 300 million. The approval came Monday at a meeting held at the...

Asian shares hit 1-week lows on renewed virus scare

Asian shares hit 1-week lows on renewed virus scare

REUTERS 2021-07-19 12:21:01

Asian shares slipped to a one-week low on Monday and perceived safe haven assets, including the yen and gold, edged higher amid fears of rising inflation and a surge in Covid-19 cases, while oil price...