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

Stocks edge up after volatile trading

Stocks extended their winning spell for the two consecutive sessions Tuesday as optimistic investors went on late hours buying spree on lucrative stocks. Analysts said the market recovery continued despite day-long volatility as some enthusiastic investors went on late hours buying spree, especially on bank, textile and financial institutions. After...

Pacific Denims leads transaction chart

Pacific Denims Tuesday dominated the transaction chart of premier bourse and the port city's bourse as investors took position on its share on debut day. Pacific Denims made its share trading debut on both bourse - Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) on Tuesday. Pafici Denims, ACI...

IBBL to issue Tk 5.0b Mudaraba Bond

Islami Bank Bangladesh Limited (IBBL) will issue "IBBL Mudaraba Redeemable Subordinated Bond" worth Tk 5.0 billion, said an official disclosure on Tuesday. "The board of directors has taken the decision to raise the Tier-II Capital of the Bank under Basel-III through issuance of 7 years non-convertible "IBBL Mudaraba Redeemable Subordinated...

MTB closes deal with DEG for $ 20 million term loan

Mutual Trust Bank Limited (MTB) recently closed a term loan deal for US$ 20 million with the German development finance institution DEG - Deutsche Investitions-und Entwicklungsgesellschaft mbH, a member of KfW Bankengruppe. The closing ceremony was held at a city hotel recently, said a statement. The occasion was graced by...

News Briefs

Standard Bank elects EC chair Mr. Md. Zahedul Hoque has been elected as the Chairman of Executive Committee of the Board of Directors of Standard Bank Limited recently. He did his Bachelors of Business Administration in 1992 from Northeast Lousiana University, USA. A renowned businessman Mr. Hoque is the Director...

Photo: Prime Insurance Company

Photo: Abdul Malek, Secretary, Local Government Division, LGRD & Cooperatives Ministry, GoB speaking as Chief Guest

Banking sector registers highest gain

The Dhaka bourse rallied for the two consecutive sessions on Tuesday with increased turnover value as some enthusiastic investors remained active on bank issues. The day's session began with a bearish tone and the key index of the Dhaka Stock Exchange (DSE) fell 30 points within the first 30 minutes....

Shippers\' Council chair to attend East Coast Maritime Summit

Md. Rezaul Karim, Chairman, Shippers' Council of Bangladesh (SCB) will leave for Andhra Pradesh, India today (Wednesday) to attend the 5th East Coast Maritime Business Summit to be held on February 9 and 10 in Visakhapatnam. The theme of the summit is 'Rebooting Business Strategies' which essentially focuses on how...

SE Asian stocks largely down on global uncertainty

Most Southeast Asian stock markets fell on Tuesday, in line with global equities, as lack of details on U.S. President Donald Trump's economic policies and geopolitical concerns in Europe dented risk appetite, reports Reuters. "The policies of the Trump administration and what he's planning to do with them are still...

New executive director of BB

Md Shafiqul Islam has been promoted to the executive director of Bangladesh Bank (BB) recently. Prior to the promotion, Shafiqul Islam was the general manager of the central bank, according to a statement. He was graduated in Finance and completed his Master's degree from Dhaka University. He joined Bangladesh Bank...

DSE/CSE News in Brief

DSE News Resumption of trading SAIF Powertec Limited: Trading of the shares of SAIF Powertec Limited will resume today (Wednesday) after record date. Transfer of deceased director's shares among his successors Daffodil Computers Ltd: Daffodil Computers Ltd informed that 61,30,323 shares of late Mr. Delwar Hossain Chowdhury, a director of...