Lock-in on Asiatic Lab shares extended amid price manipulation concerns
The securities regulator has extended the lock-in period by at least three years on the shares held by sponsors, directors, and placement holders of Asiatic Laboratories, citing their alleged intention to offload shares after inflating prices through the publication of "unrealistic" price-sensitive information (PSI).The earlier lock-in period was to expire...
Read more
Premier Cement wins approval to issue preference shares
The stock market regulator has finally allowed Premier Cement Mills to raise Tk 1.61 billion by issuing preference shares to high-net-worth individuals, including commercial banks.As per the regulatory approval, the cement manufacturer will issue 322 preference shares, fully redeemable and non-convertible in nature, with a five-year tenure.Raising money through preference...
Read more
Power Grid to issue 1.32 billion more preference shares against govt funds
The securities regulator has approved Power Grid Company's proposal to issue another 1.32 billion irredeemable and non-cumulative preference shares in favour of the power division secretary against share money deposits.The state-run electricity transmission and distribution service provider will issue the shares at Tk 10 each, totalling Tk 13.24 billion, against...
Read more
Stocks retreat after early rally on political uncertainty
The market opened higher on Tuesday, but the gains did not last amid major political developments.The prime index surged more than 50 points within the first 30 minutes of trading until11:00am following the oath-taking of newly-elected members of parliament (MPs).Chief Election Commissioner AMM Nasir Uddin administered the oath around 10:45am...
Read more
Sena, Crystal Insurance slide on DSE despite higher profits
Sena Insurance and Crystal Insurance experienced price erosion on the prime bourse on Tuesday despite reporting a year-on-year increase in profit for 2025.Army-run general insurer Sena Insurance reported a 20.51 per cent higher profit of Tk 206.8 million in 2025 compared to the year before.Sena Insurance, a concern of Sena...
Read more
Major Gulf equities retreat on US-Iran caution
Major stock markets in the Gulf slipped in early trade on Tuesday as investors were cautious ahead of US-Iran nuclear talks, while Iran conducted naval drills near the Strait of Hormuz, reports Reuters.Saudi Arabia's benchmark index dropped 0.9 per cent, with Al Rajhi Bank losing 1.1 per cent and Saudi...
Read more
