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DSEX crosses 5,800-level as stocks rise in post-Eid trade

Stocks continued to move higher on Sunday, with the core index of Dhaka Stock Exchange (DSE) surpassing the 5,800-level after a gap of four months amid growing investor confidence.Returning after a three-day Eid-ul-Fitr closure, investors shrugged off Covid-19 worries and retained their appetite for banking and financial institutions stocks, buoyed...

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MTB launches Islamic Banking window

Mutual Trust Bank Ltd. (MTB), with a vision to prioritise and fulfil the customers' expectations, aspiration and overall needs, has recently launched its Islamic Banking Wing titled `MTB Yaqeen', a complete Shari'ah-based banking solution, says a statement. Sheikh Kamaluddin Abdullah Zafree, Chairman, MTB Shari'ah Supervisory Committee, launched the Islamic Banking...

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Bank Asia to issue Tk 5.0b perpetual bonds

The board of directors of Bank Asia has decided to raise Tk 5.0 billion through issuance of perpetual bonds to boost the capital base of the bank.The bank will issue the bond through private placement for raising funds as additional Tier 1 capital to support the bank's BASEL-III compliance in...

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Nialco Alloys share subscription begins

The subscription for shares in Nialco Alloys through qualified investor offer (QIO) began on Sunday under the fixed-price method, which will continue until May 20 using an electronic subscription system.Nialco Alloys is the country's first-ever small and medium enterprise (SME) to enter the stock market for trading on the stock...

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IFIC Bank donates Covid medicine to Nepal

IFIC Bank Limited and its Nepalese joint venture, Nepal Bangladesh Bank, has donated 5,000 vials of Remdesivir injection to Nepal government for treating Covid-19 patients. Recently, a token box of Remdisivir injection manufactured by Beximco Pharma has been handed over to Nepalese Ambassador Dr. Banshidhor Mishra in Dhaka. In August...

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VAMLGF declares 15pc cash dividend

Vanguard AML Growth Fund (VAMLGF), an open-ended mutual fund of Vanguard Asset Management Ltd., declared a 15 per cent cash dividend for its unit holders for the year ended on 31 March 2021, says a statement.The trustee board of the fund has declared the 15 per cent cash dividend (i.e....

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EXIM Bank now connected to Add Money network of bKash

EXIM Bank Limited, a third generation Shariah-based Islami bank, has partnered with bKash to be connected to the largest Add Money network of the mobile financial service, says a statement. As a result, one million account holders of EXIM Bank can now transfer fund instantly to any bKash account 24/7...

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DSE/CSE News in Brief (17-05-2021)

Board meetingsGPH Ispat Ltd: A board meeting of the company will be held on May 22, 2021 at 3:00 PM to consider, among others, un-audited financial statements of the company for the third quarter period ended on March 31, 2021.IT Consultants Limited: A board meeting of the company will be...

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Pizza Hut, KFC operator Devyani International files IPO papers with SEBI

Pizza Hut, KFC and Costa Coffee operator -Devyani International - filed initial public offering (IPO) papers with capital market regulator Securities and Exchange Board of India (SEBI) to raise Rs 14.00 billion through share sale via IPO. The IPO consists of fresh issue of equity shares worth Rs 4.00 billion...

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