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Stocks end lower as major sectors witness corrections

The Dhaka Bourse ended lower on Sunday due to corrections witnessed by major sectors.Of the major sectors, banking, financial institutions and engineering witnessed correction and left a negative impact on the indices and turnover value.The market opened with a positive note, but shortly afterwards the broad index of the premier...

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Apex Footwear to buy land, building in Tongi

Apex Footwear, an 'A' category company, will purchase one bigha (20 kathas) of land with a six-story building at a cost of Tk 290 million, excluding registration and other costs.The company on Sunday made the disclosure through the website of Dhaka Stock Exchange (DSE).According to the disclosure, the board of...

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Aramit Thai Aluminium plans to triple production

CHATTOGRAM, Sept 23: Aramit Thai Aluminium Ltd, one of the leading aluminum profile producers of the country, has taken a project to triple its annual production to 15, 000 metric tonnes (MT).Currently, production of the factory at Kalurghat heavy industrial area is 5,000 MT per year. The company will now...

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Evince Textiles goes to 'Z' category today

Evince Textiles Limited (ETL), an 'A' category company, will be placed in 'Z' category today (Monday) as the company has not recommended any dividend for the year ended on June 30, 2018.The company on Sunday became the worst loser following its 'no dividend' declaration.On the day, the company's share price...

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LankaBangla Finance, MGA sign MoU

LankaBangla Finance Limited (LBFL) recently signed an MoU with Meet Greet & Assist Services (MGA Services) for its customer privilege, according to a statement. Khurshed Alam, SEVP & Head of Retail Finance of LBFL & Group Captain Mohammed Salimullah (Rtd), Managing Partner of MGA signed the MOU on behalf of...

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Bank Asia holds training on Islamic Banking

Bank Asia Limited organised a day-long training programme on 'Islamic Banking & Finance' at Bank Asia Institute for Training & Development (BAITD) in the city recently, according to a statement. Bank Asia organised the training for 73 participants from Dhaka-based 35 branches.President & Managing Director (current charge) of the bank...

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Best Remittance Collecting Bank for the year-2017

Managing Director & CEO of Islami Bank Bangladesh Limited Md. Mahbub ul Alam receiving an award as the Best Remittance Collecting Bank for the year-2017 from Finance Minister AMA Muhith in presence of Bangladesh Bank Governor Fazle Kabir at a programme at Bangladesh Bank Training Academy in the capital recently

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News Briefs-(24-9-2018)

Recommendation of dividendDoreen Power Generations and Systems Limited: The company has recommended 15 per cent cash dividend for all shareholders excluding the sponsors/directors and 10 per cent stock dividend for all shareholders for the year ended on June 30, 2018. The sponsors/directors hold 76.70 million shares out of total 1,056.00...

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Indian shares recover

Indian shares recouped most losses after key indexes plunged over 3 per cent in afternoon trade on panic-selling in housing finance and property stocks, reports Reuters.The broader NSE index fell as much as 3.3 per cent to 10,866.45, its first time below 11,000 since late July. The benchmark BSE index...

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Chairman of the Executive Committee of Shahjalal Islami Bank

Chairman of the Executive Committee of Shahjalal Islami Bank and Chairman of Shahjalal Islami Bank Securities Ltd. Anwer Hossain Khan inaugurating the bank's relocated branch at Moss-Rose Heights, CDA Avenue, WASA Moor in Chattogram on Sunday

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Mercantile Bank Limited Managing Director & CEO Kazi Masihur Rahman handing over

Mercantile Bank Limited Managing Director & CEO Kazi Masihur Rahman handing over a cheque to General Secretary of Nilphamari Diabetic Association Dr. Md. Mazibul Hasan Chowdhury Shahin at the bank's head office in the capital recently

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Managing Director of Credence Asset Management Md. Zakir Hossain handing over a cash

Managing Director of Credence Asset Management Md. Zakir Hossain handing over a cash dividend warrant of Tk 9.10 million to ICB Managing Director Kazi Sanaul Huq for the financial year 2017-18 recently while Chairman of ICB Prof. Dr. Mojib Uddin Ahmed, Deputy Managing Director of the ICB Mosaddek-ul-Alam and Director...

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Mongolia's Honourary Consul to Bangladesh and President of WEAB Nasreen Fatema Awal

Mongolia's Honourary Consul to Bangladesh and President of Women Entrepreneur Association of Bangladesh (WEAB) Nasreen Fatema Awal holding talks with Speaker of Mongolian Parliament Enkhbold Miyegombo recently when a delegation led by her visited Mongolia's capital Ulaanbaatar

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