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

Stocks drift lower as bank shares slump

Stocks slipped back into the red on Sunday, after a single-day break, as risk-averse investors went on late hours selling binge, particularly on banking sector shares.DSEX, the key index of the Dhaka Stock Exchange, went down by 18.46 points or 0.37 per cent to settle at 4,923, after gaining more...

Index Agro's cut-off price fixed at Tk 62 each

The cut-off price of Index Agro Industries shares has been fixed at Tk 62 each through electronic bidding by eligible investors.The eligible investors took part in the price discovery of the company's shares by bidding for 72 hours from November 1 to November 4, as per the book building method.During...

Subra Systems to go public

Subra Systems Limited has submitted IPO (initial public offering) proposal to the securities regulator seeking its approval to raising capital worth Tk 300 million.The company which provides software solutions will raise the capital offloading 30 million shares at an offer price of Tk 10 each under the fixed price method,...

News Briefs (09-11-2020)

OPEC would miss 'friend Trump', wary of strains under BidenLONDON/DUBAI, Nov 08 : Key members of OPEC are wary that strains in the OPEC+ alliance could reemerge with Joe Biden as US President, sources close to the organisation said, and would miss President Donald Trump who went from criticising the...

DSE/CSE News in Brief (09-11-2020)

Board meetingsPrime Textile Spinning Mills Ltd: A board meeting of the company will be held on November 12, 2020 at 3:00 PM to consider, among others, un-audited financial statements of the company for the first quarter period ended on September 30, 2020.Summit Power Limited: A board meeting of the company...

Modhumoti Bank signed MoU with Mitu Properties

Modhumoti Bank Limited signed an MoU with Mitu Properties Limited recently at Modhumoti Mirpur Branch. In presence of Md. Shafiul Azam, Managing Director & CEO of Modhumoti Bank, Md. Shaheen Howlader, Head of Corporate & Investment Banking Division of the bank, and Md. Moshiur Rahman Chowdhury, Managing Director of Mitu...

A cheque handover ceremony

A cheque handover ceremony was held at Bangladesh Bank Head Office under a project, especially designed to strengthen economic sustainability of the RMG sector named "Program to Support Safety Retrofits and Environmental Upgrades in the Bangladeshi Ready-made Garment (RMG) Sector Project (SREUP)" recently. Abu Farah Md. Nasser, Executive Director of...

Premier Bank inaugurated Baidder Bazar Sub Branch

The Premier Bank Limited inaugurated its Baidder Bazar Sub Branch at Satvaiya para, Baidder Bazar, Sonargaon, Narayanganj recently. The inauguration was addressed by Narayanganj Branch Manager and Zonal Head Shahid Hasan Mallick as the chief guest while Sahdat Hossain, SEVP, Head of CRM, Premier Bank Limited, was special guest.

Correction (09-11-2020)

The headline of a news item titled 'EHL approves 5pc cash dividend', published on page-9 of The Financial Express of Sunday carried a mistake. The dividend should be 15 per cent, instead of 5 per cent. We regret the inadvertent mistake.

Gulf markets mixed as Biden win is no 'make or break' for regional economies

DUBAI, Nov 8 (Reuters) : Gulf stock markets were muted on Sunday after Joe Biden’s U.S. election victory, reflecting expectations that his administration will not bring radical changes to the region’s struggling economies.In Saudi Arabia, the stocks index declined 0.2% at market open but posted some gains in early trading...

Eco-fashion offers a renaissance for new Tunisian brands

MAHDIA (Tunisia), Nov 08 (AP): The sun is setting by the time Tunisian fashion designer Chems Eddine Mechri reaches the breezy, seaside town of Mahdia. He has spent half the day driving in the scorching heat in pursuit of the precious, handmade fabrics he needs for his upcoming winter collection.With...