Finance News: Latest Financial News, Finance News today in Bangladesh

DSEX slumps below 5,500-mark

The prime index of the Dhaka Stock Exchange (DSE) fell below 5,500-mark after three months on Sunday as worried investors continued their selling binge.DSEX, the prime index of the DSE, went down by 13.60 points or 0.24 per cent to settle at 5,491. It was the lowest level of DSEX...

SBAC to go public

South Bangla Agriculture and Commerce (SBAC) Bank, a fourth generation private commercial bank, has taken initiative to go public under the fixed price method.As part of offloading shares, the SBAC Bank signed an agreement on Sunday with its issue manager--ICB Capital Management.Md. Golam Faruque, MD & CEO of the bank,...

Eastern Lubricant's price soaring sans PSI

Share price of state-run Eastern Lubricants was soaring despite having no price sensitive information (PSI).Despite the country's capital market passing a bearish trend throughout the month amid low trading activities, the company's share price continued to rise.In the last one month, the share price of Eastern Lubricants share price jumped...

Global Money Week ends

The managing director of the Dhaka Stock Exchange (DSE) has laid importance on proper investment of small savings to achieve the desired target of the economic development, a release said.He also said the country's capital market has a vast prospect which is linked with the economic development.The DSE managing director...

Most ten-traded cos snare 36pc transaction

Most ten-traded firms grabbed more than 36 per cent transaction on the Dhaka Stock Exchange (DSE) Sunday while United Power dominated the chart for the second day in a raw.Market analysts said investors continued to show their appetite for United Power shares amid earnings expectation as the January-March quarter ended.The...

Reliance Insurance approves 10pc stock, 15pc cash dividend

The 31st Annual General Meeting of Reliance Insurance Limited was held on Sunday at the Hotel Lake Shore, Gulshan-2, Dhaka. Mr. Shamsur Rahman, Chairman of the Board of Directors, presided over the meeting.The meeting was attended by a large number of shareholders, who took keen interest in the proceedings. The...

BRAC Bank, Shanta Securities sign custodial agreement

BRAC Bank Limited and Shanta Securities Limited have signed a custodial agreement, said a statement. Under this agreement BRAC Bank will be extending its custodial services to the foreign clients of Shanta Securities Limited who are planning to invest in the Bangladesh capital market. Shanta will also be introducing foreign...

EBL inks deal with iPay

M. Khorshed Anowar, Head of Retail Banking of Eastern Bank Ltd (EBL) and Zakaria Swapan, Founder and CEO of iPay signed an agreement at EBL Head Office in Dhaka recently, said a statement. The agreement allows customers of iPay to pay online through EBL SKYPAY Payment Gateway, using any VISA...

News Briefs(01-04-2019)

Shamim Chowdhury New chairman of CSE The Board of Directors of CSE elected Maj Gen Mohammad Shamim Chowdhury, nwc, psc (Retd.) as the Chairman of Chittagong Stock Exchange Ltd. in line with the Exchanges Demutualization Act, 2013 on Sunday. Mr Shamim retired from the Bangladesh Army in 2013, after completing...

Mercantile Bank donated Tk 1.0 million

Mercantile Bank Limited donated Tk 1.0 million to the Society for the Welfare of Autistic Children (SWAC) as part of CSR activities of the Bank. Bank's Chairman A.K.M. Shaheed Reza handed over the cheque to SWAC Chairperson Subarna Chakma on Sunday at the Bank's Head Office. Bank's Managing Director &...

School Banking Conference of First Security Islami Bank

A School Banking Conference was held in Chattogram, organised by First Security Islami Bank Ltd. as a Lead Bank of Financial Inclusion Programme in Educational Institutions through Lead Banking System under the instruction of Bangladesh Bank. S. M. Moniruzzaman, Deputy Governor, Bangladesh Bank, was present on the occasion as Chief...

Green Delta Insurance Company Limited approved 20% dividend

Green Delta Insurance Company Limited approved 20% dividend (10% stock and 10% cash) for its shareholders for the year ended December 31, 2018. The approval came at the 33rd Annual General Meeting of the company, held on Sunday. Md. Abdul Karim, Chairman of the company, Ms. Farzanah Chowdhury, MD &...

275th meeting of the Board of Directors of Pragati Insurance

The 275th meeting of the Board of Directors of Pragati Insurance Ltd was held on Sunday at the Head office of the Company. Syed M. Altaf Hussain, Chairman of the Company, presided over the meeting. Former chairman, Abdul Awal Mintoo, Mohammed A. Awwal, directors and Md. Rezaul Karim, Managing Director...