Junk NBFI stocks soar despite looming liquidation
Despite facing liquidation, the shares of scam-hit non-bank financial institutions (NBFIs) have surged sharply on the stock exchanges over the past three months.The five listed NBFIs-FAS Finance, Premier Leasing, Fareast Finance, People's Leasing, and International Leasing-have seen their share prices jump between 238 per cent and 343 per cent during...
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Stocks retreat amid persistent economic strain
Stocks ended lower on Thursday as many investors remained on the sidelines.The DSE's prime index decreased by 53.05 points, closing at 5,219.74.The blue-chip index DS30, comprising 30 leading companies, lost 21.29 points to 1,980.36, while the DSES Index, representing Shariah-compliant companies, witnessed an erosion of 5.88 points to 1,059.58 by...
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Trump's fresh Iran threats give investors a risk-off reality check
US President Donald Trump's threat to bomb Iran back to the Stone Age has sharply raised stakes in a war now in its fifth week and crushed investors' hopes for a swift end to a conflict that is squeezing oil supplies and fanning inflation, reports Reuters.Global markets recoiled on Thursday,...
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MODHUMOTI BANK LAUNCHES 'DEPOSIT POWER DRIVE 2026' CAMPAIGN
As part of Modhumoti Bank's ongoing effort to ensure depositors' funds safety and provide diverse benefits, the bank has recently launched "Deposit Power Drive 2026" campaign. Md. Shafiul Azam, managing director & CEO of the bank, formally inaugurated the campaign at the bank's head office in Gulshan. Shahnawaj Chowdhury, additional...
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MEGHNA BANK REACHES TK100B IN DEPOSITS
Meghna Bank reached the milestone of Tk100 billion in deposits at the end of the first quarter of 2026. A ceremony was held at the bank's head office to mark this achievement. The bank's senior management team led by Syed Mizanur Rahman, managing director (MD), was present at the event....
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CITY BANK, UNDP PARTNER TO ADVANCE GREEN BOND, CLIMATE FINANCE
City Bank has signed a memorandum of understanding (MoU) with the United Nations Development Programme (UNDP) to accelerate climate finance in Bangladesh, with a strategic focus on developing the country's emerging green and thematic bond market. The MoU was signed by Mashrur Arefin, managing director & CEO of City Bank,...
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Global companies delay IPOs and slash dividends as Middle East conflict rattles markets
The Middle East conflict has significantly impacted global financial markets, affected logistics and hindered the supply of raw materials integral to a host of industries, reports Reuters.Below is a list of some of the companies reacting to the crisis by postponing their initial public offerings or withdrawing their dividend proposals,...
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SHAHJALAL ISLAMI BANK HOLDS 916TH EC MEETING
The 916th meeting of the Executive Committee (EC) of Shahjalal Islami Bank PLC (SJIB PLC) was held at its Corporate Head Office in Dhaka on Wednesday. The meeting was presided over by Executive Committee Chairman Md Sanaullah Shahid. The members of the committee discussed various issues related to investments in...
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BENGAL ISLAMI LIFE SIGNS AGREEMENT WITH UNICO HOSPITAL
Bengal Islami Life Insurance Limited and Unico Hospital PLC has signed a corporate agreement to provide healthcare services to Health Takaful customers. M. M. Monirul Alam, Chief Executive Officer of Bengal Islami Life, and Ardra Kurien, Chief Executive Officer of Unico Hospital, signed the agreement on Wednesday. Under this corporate...
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Stocks sink as Trump vows to keep hitting Iran
LONDON/SINGAPORE, April 2 (Reuters): Oil prices surged and global equity and bond markets recoiled again on Thursday after US President Donald Trump dashed hopes of a swift resolution to the Middle East war.Brent crude jumped more than 7 per cent to trade near $108 a barrel after Trump said in...
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Most Gulf equities retreat on fears of prolonged Middle East conflict
Major Gulf stock markets fell in early trading on Thursday after President Donald Trump said the US would continue its attacks on Iran, without specifying when the war would end, reports Reuters.In a prime-time address late Wednesday, Trump said the US would carry out aggressive strikes on Iran over the...
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Indonesia says stock market reform drive completed after Feb's selloffs
JAKARTA, April 2 (Reuters): Indonesia has completed key stock market reforms ahead of a self-imposed deadline linked to MSCI's May index review, a senior official said on Thursday, following mass equity selloffs triggered by an MSCI warning earlier this year.The proposed reforms were unveiled after index provider MSCI warned in...
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