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

Stocks end flat after latest bumpy ride

Stocks ended almost flat Wednesday with turnover falling further as investors went on late-hour selling binge, especially the stocks of banks and power sectors.Analysts said the market ended flat after high volatility as a section of the investors continued booking profit while some others were busy rebalancing portfolio amid ongoing...

BRAC Bank records 35pc profit growth in 2017

BRAC Bank has recorded a growth of nearly 35 per cent in year-on-year consolidated net profit in 2017 over last year.The bank reported a consolidated net profit after tax of BDT 5,498 million in 2017 which was BDT 4,076 million in 2016. The consolidated operating profit increased to BDT 9,422...

Union Capital gets Tanzim as chairman for 4th term

Chowdhury Tanzim Karim (Barrister-at-Law) has been re-elected as the Chairman of Union Capital Limited for the fourth consecutive term at a recent meeting of the board of directors of the company. He is a practicing lawyer specialised in company, commercial, banking and securities laws. Mr Tanzim is the Head of...

UCB and Radisson Blu Dhaka Water Garden exchanging documents after signing of MoU

United Commercial Bank (UCB) Additional Managing Director Ahsan Afzal and Radisson Blu Dhaka Water Garden General Manager Christoph Voegeli shaking hands while exchanging documents after signing a Memorandum of Understanding (MoU) for their respective organisations in presence of senior executives from both sides at the hotel premises in Dhaka recently....

HC stays Indo-Bangla Pharma IPO for six months

The High Court (HC) has stayed the IPO (initial public offering) process of Indo-Bangla Pharmaceuticals Limited for six months as four directors of the company are 'loan defaulters' as guarantors, a jurist said.The stay order issued following a writ petition filed by National Bank Limited (NBL) over non-payment of loans...

Monno Stafflers share hits two-year high sans PSI

The share price of Monno Jute Stafflers is soaring without any price sensitive information (PSI) as the company's price surged further by 7.50 per cent Wednesday.In last five trading days, the company's share price jumped more than 30 per cent or by Tk 243 each to close at Tk 1,051.60...

Takaful Ins recommends 11pc dividend

The board of directors of Takaful Islami Insurance has recommended 5.0 per cent cash and 6.0 per cent stock dividend for the year ended on December 31, 2017.The final approval will come during the annual general meeting scheduled to be held on May 13. The record date for entitlement of...

Ten top-traded cos clinch 31pc turnover

The top 10-traded companies captured nearly 31 per cent transaction of the Dhaka Stock Exchange (DSE) Wednesday, with Brac Bank topping the list.Market insiders said the investors were active in buying Brac Bank shares throughout the session amid optimism as the recorded 35 per cent growth in year-on-year net profit...

National Life Insurance Company

Chairman of National Life Insurance Company (NLIC) Limited Morshed Alam, MP, handing over a cheque for Tk 30.1 million for settlement of a total of 362 insurance claims of Kashba Model area, Brahmanbaria, as the chief guest, to a recipient while Chairman of Uttara Group Matiur Rahman and CEO of...