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Higher non-operating income: State-run energy companies deviating from business norm

Higher non-operating income: State-run energy companies deviating from business norm

Mohammad Mufazzal 2023-02-26 08:48:49

TITAS Gas Transmission & Distribution Company's profit grew at 27 per cent year-on-year for the October-December quarter of the FY23, mainly riding on non-operating income. Its non-operating in...

City Bank signs MoU with Bangladesh Agricultural University

City Bank signs MoU with Bangladesh Agricultural University

FE ONLINE DESK 2023-02-25 12:02:27

City Bank recently signed an agreement with Bangladesh Agricultural University at City Bank Center. Under this agreement both organizations will work together to establish a knowledge partnership whi...

BSC sails to top of DSE turnover chart

BSC sails to top of DSE turnover chart

FE REPORT 2023-02-25 10:36:59

Ten most-traded firms accounted for 43 per cent of the transactions on the Dhaka Stock Exchange (DSE) in the outgoing week to Thursday, with Bangladesh Shipping Corporation (BSC) dominating the turnov...

Stocks stare at more losses as investor sentiment drops

Stocks stare at more losses as investor sentiment drops

FE REPORT 2023-02-25 09:56:46

Stocks extended losses for a fourth week to Thursday, as gloomy economic outlook continues to weaken investor confidence amid liquidity crisis in the market. Jittery investors opted to liquidate thei...

Aramit's profit halves in Oct-Dec

Aramit's profit halves in Oct-Dec

FE REPORT 2023-02-24 08:44:39

Aramit Ltd saw a whopping 45 per cent year-on-year fall in profit in October-December (Q2) of the FY22. Though the company's expenses declined, including the cost of goods sold, it failed to secure a...

DSE fails to get top ten gainers

DSE fails to get top ten gainers

FE ONLINE REPORT 2023-02-23 16:09:28

Stocks continued bleeding for the four consecutive sessions Thursday as risk-averse investors opted for liquidating their position to escape from further losses on their portfolios. The stock market...

Stocks down at open amid sluggish turnover

Stocks down at open amid sluggish turnover

FE ONLINE REPORT 2023-02-23 12:27:02

Stocks witnessed a downward trend at the opening on Thursday as cautious investors kept their sell-off amid a lack of clear market direction. Following the previous three days’ fall, DSEX, the...

Save LafargeHolcim, cement industry takes severe blow in 2022

Save LafargeHolcim, cement industry takes severe blow in 2022

BABUL BARMAN 2023-02-23 08:55:29

2022 was a year of bad business for the overall cement industry. Out of the seven cement companies listed, three went into the red and three others saw their profit slowing down at 15-30 per cent. L...

Anomalies spotted in SS Steel financials

Anomalies spotted in SS Steel financials

FE REPORT 2023-02-23 08:54:25

An auditor has found some inconsistencies in the financials of SS Steel for the year ended on June 30, 2022. Mentioning some inconsistencies, including violation of Financial Reporting Council (FRC)...

Robi launches eSIM facilities

Robi launches eSIM facilities

FE REPORT 2023-02-23 08:52:43

The country's second-largest telecom operator - Robi Axiata Ltd -has launched eSIM facility for its customers. Robi customers would be able to enjoy digital services without the need for a physical S...

How to explain listed MFs' latest double-digit returns on investments

How to explain listed MFs' latest double-digit returns on investments

MOHAMMAD MUFAZZAL 2023-02-21 08:27:06

Half of listed mutual funds (MFs), which have been receiving lukewarm responses from investors since the 2010 stock market debacle, surpassed all other listed securities in terms of latest annual yiel...

Automation goes on to stop manipulation: Regulator

Automation goes on to stop manipulation: Regulator

FE REPORT 2023-02-21 08:26:15

The securities regulator has continued its effort to complete the automation in data handling to curb manipulations in the stock market. Officials of the Bangladesh Securities and Exchange Commission...

BSEC appoints four new independent directors at Dhaka Stock Exchange

BSEC appoints four new independent directors at Dhaka Stock Exchange

-- 2023-02-20 19:52:14

Bangladesh Securities and Exchange Commission (BSEC) has appointed four new independent directors at Dhaka Stock Exchange (DSE). A letter signed by the Additional Director of BSEC Mohammad Nazrul Isl...

Stocks extend losing streak amid lack of confidence

Stocks extend losing streak amid lack of confidence

FE ONLINE REPORT 2023-02-20 15:33:51

Stocks extended the losing streak for the second straight session on Monday as sellers kept their dominance on the trading floor amid a lack of clear direction in the market. Some of the recently ral...

Reckitt Benckiser's 2022 profit falls on declining demand for hygiene products

Reckitt Benckiser's 2022 profit falls on declining demand for hygiene products

FE REPORT 2023-02-20 08:48:38

Reckitt Benckiser Bangladesh reported an 18.4 per cent year-on-year drop in profit in 2022, mainly for costlier raw materials and a sharp devaluation of local currency against the dollar. The listed...

Forex loss halves Robi's profit in 2022, snatching away its "moment of glory"

Forex loss halves Robi's profit in 2022, snatching away its "moment of glory"

FE REPORT 2023-02-20 08:45:56

Foreign exchange loss dealt a heavy blow to Robi Axiata's financials as it wiped out 49 per cent of its profit after tax in 2022. The gradual fall of the taka against the dollar eat up Tk 1.79 bill...

Robi’s net profits increase 2.81pc in 2022

Robi’s net profits increase 2.81pc in 2022

FE ONLINE REPORT 2023-02-19 10:54:16

Robi Axiata, the country’s second largest telecom operator, posted a 2.81 per cent growth in profit year-on-year to Tk 1.83 billion in 2022. Based on the profit, the multinational company decla...

Mid-cap drug makers lose, wiping out much of market value

Mid-cap drug makers lose, wiping out much of market value

MOHAMMAD MUFAZZAL 2023-02-19 09:25:37

The pharmaceuticals and chemicals sector lost over 6.5 per cent in market capitalisation to Tk707.6 billion in the three months through February 16 this year, at a time when a good number of stocks on...

Weekly market review: Stocks flounder on selling spree

Weekly market review: Stocks flounder on selling spree

FE REPORT 2023-02-18 09:20:25

Stocks extended the losing streak for a third straight week to Thursday as sellers kept their dominance on the trading floor amid lack of clear direction of the market. Some of the recently rallied s...

Confidence Cement's Q2 profit slides 20pc

Confidence Cement's Q2 profit slides 20pc

FE REPORT 2023-02-18 09:17:39

Confidence Cement Limited, a concern of Chattogram-based Confidence Group, on Thursday reported a 20 per cent drop in profit year on year in the second quarter (Q2) of fiscal year 2023. The company a...

Despite inflation, most food makers earn double-digit profit growth in H1, FY23

Despite inflation, most food makers earn double-digit profit growth in H1, FY23

BABUL BARMAN 2023-02-17 09:14:44

A majority of listed food makers gained double-digit profit growth year-on-year in the first half of the ongoing financial year even when inflation is sky high and all other indicators portray a tur...

DSE ponders changing rules to shake up ATB

DSE ponders changing rules to shake up ATB

MOHAMMAD MUFAZZAL 2023-02-16 17:53:55

The Dhaka Stock Exchange has been considering bringing changes in the rules of the Alternative Trading Board (ATB) to boost investor participation and attract more companies to offload shares. Since...

BSEC allows one more open-end MF of Tk 500m

BSEC allows one more open-end MF of Tk 500m

FE REPORT 2023-02-16 10:40:30

The stock market regulator has approved the draft prospectus of an open-end mutual fund named PLI AML 1st Unit Fund -- with an initial target size of Tk 500 million. The approval came on Wednesday at...

Midland Bank’s IPO subscription opens today

Midland Bank’s IPO subscription opens today

FE ONLINE REPORT 2023-02-16 10:22:48

The initial public offering (IPO) subscription of Midland Bank opens today (Thursday) and will continue until February 23, which will raise Tk 700 million under the fixed price method. The fourth-gen...

Cheaper bank stocks yielded more than others in 2022

Cheaper bank stocks yielded more than others in 2022

MOHAMMAD MUFAZZAL 2023-02-15 09:06:16

In 2022 when the stock market was highly illiquid for the imposition of floor prices, the possibility of capital gains dwindled, often to nil for stretches of time for majority securities. Companies'...

Premier Cement returns to profit in Q2, riding on higher revenue

Premier Cement returns to profit in Q2, riding on higher revenue

FE REPORT 2023-02-15 09:05:17

Premier Cement Mills PLC, one of the leading cement makers in Bangladesh, returned to profit in the second quarter of the fiscal year 2022-23 (FY23) after suffering a big loss in the first quarter, ri...

City General Insurance’s profit jumps 34pc in 2022

City General Insurance’s profit jumps 34pc in 2022

FE ONLINE REPORT 2023-02-14 12:12:41

City General Insurance has reported higher profit for the year that ended on December 31, 2022, on the back of higher premium earnings. The general insurer reported earnings per share of Tk 2.25 for...

Reliance Insurance bags record profit in 2022 on high premium income

Reliance Insurance bags record profit in 2022 on high premium income

FE REPORT 2023-02-14 08:59:33

Reliance Insurance, one of the leading general insurers in Bangladesh, posted a record profit in 2022, despite it being a challenging year, backed by higher gross premium income. The insurer's profit...

IFIL looks to grow through investments in sustainable, small businesses

IFIL looks to grow through investments in sustainable, small businesses

ISMAIL HOSSAIN 2023-02-14 08:58:43

Islamic Finance and Investment Limited (IFIL) has been giving priority to cottage, micro, small and medium enterprises (CMSME) in making sustainable and socially responsible investments for its future...

Adani saga spotlight shifts to Indian regulator

Adani saga spotlight shifts to Indian regulator

FE ONLINE DESK 2023-02-13 15:36:37

India's market regulator is set to brief the federal government on its investigation into Adani group's shelved share sale, two sources said, thrusting the watchdog into the limelight in a week when i...