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

DSEX dips below 5,300-mark after 18 months

Stocks witnessed yet another bearish session on Tuesday with the core index of the Dhaka bourse dipping to 18-month low.Market insiders said investors continued their selling spree amid low confidence in the market.The broad index was at its peak during the first hour of the trading session but started falling...

SCB wins two FinanceAsia awards

Standard Chartered Bangladesh (SCB) has won two awards at the prestigious FinanceAsia 2018 Country Awards recently, according to a statement. At a recent ceremony, the bank was recognised by FinanceAsia as the Best International Bank and Best International Investment Bank in Bangladesh. In addition to its strong performance and innovative...

Merchant banks get more time for loss provisioning

The securities regulator has extended the timeframe by two years to complete provisioning of the unrealised losses in the portfolios of merchant banks and their clients.The Bangladesh Securities and Exchange Commission (BSEC) extended the timeframe following a request by Bangladesh Merchant Bankers Association (BMBA).The existing timeframe in this regard is...

Jute Spinner's share price soaring despite no production

The share price of Jute Spinners Limited, a "Z" category company, was soaring despite the company's production remained close since 2006.In three consecutive sessions, the share price jumped more than 15 per cent or Tk 27.8 each to reach Tk 183.20 on Monday, and almost doubled (195 per cent) in...

DSE buys 2.26m shares of 123 companies

Dhaka Stock Exchange (DSE) has bought more than 2.26 million shares of 123 companies on behalf of two brokerage houses on Tuesday to execute trade settlement.Abdul Matin Patwary, DSE chief financial officer, said two brokerage houses failed to execute trade settlement with the Central Depository Bangladesh Limited (CDBL) on Monday...

Jamuna Bank gets new chairman of EC, RMC, audit committee

Kanutosh Shiajul Rafiqul Kanutosh Majumder was elected as the chairman of the executive committee (EC) of Jamuna Bank at its board meeting recently, according to a statement. Md. Shiajul Islam Varosha was elected as the chairman of risk management committee (RMC) while Md. Rafiqul Islam as the chairman of the...

News Briefs--(4-7-2018)

Aman Cotton IPO lottery draw today The IPO lottery draw of Aman Cotton Fibrous will be held today (Wednesday) to allocate 8.33 million ordinary shares to the successful applicants. The initial public offering (IPO) lottery draw will be held at 10:30am at The Institution of Engineers, Bangladesh in the city,...

DSE/CSE News in Brief (4-7-2018)

DSE NEWSBoard meetingUnited Commercial Bank Ltd.: As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the company has informed that a meeting of the board of directors will be held on July 09, 2018 at 03:00 pm to consider, among others, un-audited financial statements of the company...