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

Stocks tumble to one-month low

Stocks plummeted on Sunday, pushing the benchmark index down to one-month low, as risk-averse investors went on a selling spree in large-cap sectors' shares.DSEX, the prime index of the Dhaka Stock Exchange (DSE), dipped 48.18 points or 0.82 per cent to settle at more-than-one-month low of 5,763.Market analysts said banking,...

Some MNCs keep rallying

Some listed multinational companies (MNCs) have witnessed a continuous rise in their share prices over the last 10 sessions.The share prices rose as high as 34.73 per cent from January 27 to February 10 on the Dhaka Stock Exchange (DSE).LafargeHolcim Bangladesh, however, bucked the trend as it saw price correction...

Midland Bank opens branch in Rajshahi

Midland Bank Limited has opened its Rajshahi Branch at Boalia recently, said a statement. Ahsan-uz Zaman, Managing Director & CEO of the bank, along with AHM Khairuzzaman Liton, Mayor of Rajshahi City Corporation, and AFM Shahinul Islam, General Manager, Bangladesh Bank, Rajshahi Office, formally inaugurated the branch at New Market...

Top ten cos grab 32pc turnover of DSE

The United Power Generation dominated the Dhaka bourse's turnover chart on Sunday while ten most traded companies captured more than 32 per cent of transactions.Market analysts said the investors continued to show their buying appetite for United Power Generation & Distribution Company's shares as it posted modest earnings growth for...

Major port operator planning to launch its first hyperloop for cargo in India

DP World, one of the world's largest port operators, is launching its first hyperloop project in India, its chairman told CNBC on Sunday.Last year, DP World, UAE's state-owned port operator, signed a partnership with Virgin Hyperloop One to develop a cargo transporter. Now it's revealed its first project destination will...

News Briefs-(11-2-2019)

Modhumoti Bank holds 'Business Dev Meeting'Modhumoti Bank Limited held a 'Business Development Meeting' for bank branches located in Dhaka and its nearby areas at its head office in the city recently. Md Shafiul Azam, Managing Director & CEO of the bank, inaugurated the programme where the management has given strategic...

DSE/CSE News in Brief (11-2-2019)

DSE NEWSRecommendation of dividendPrime Insurance Company Ltd.: The board of directors has recommended 10 per cent cash dividend for the year ended on December 31, 2018. The AGM of the company will be held on March 31, 2019 at 11:00 am at Hotel Purbani Ltd., Dilkusha, Dhaka. The record date...

'Business Development Meeting'

Md Shafiul Azam, Managing Director & CEO of Modhumoti Bank Limited, and Kazi Ahsan Khalil, Deputy Managing Director, posing with senior officials of the bank at a 'Business Development Meeting' for bank branches located in Dhaka and its nearby areas at its head office in the city recently

Bank Asia officials posing with meritorious students

Rumee A Hossain, chairman, Board Executive Committee of Bank Asia Ltd. and director of Bank Asia Foundation, Md Arfan Ali, president and managing director, and other officials posing with the meritorious students from Cumilla-Noakhali region who received higher education scholarship from the bank at a ceremony organised by the Bank...

Md Rafiqual Alam Bhuiyan handing over a cheque

Md Rafiqual Alam Bhuiyan, Deputy Managing Director of Pragati Life Insurance Limited, handing over a cheque for Tk 4,985,208 to Aneeq Hossain Chowdhury, Head of Shared Services of Grameenphone, as death claim of its employee (Area Manager) late Mozammel Hoque Molla under Group Insurance Policy recently

Lutful Habib and James P McDonald exchanging documents of MoU

Lutful Habib, Acting Head, Retail Banking, Standard Chartered Bank, and James P McDonald, General Manager of InterContinental Dhaka, exchanging documents of an (MoU) on behalf of their respective organisations recently. Under the MoU, the bank's Signature, Platinum, Titanium credit card and Priority banking debit card holders will now be able...

Name of 'CAPM Venture Capital & Finance Limited ' has been changed to 'CVC Finance Limited'

The name of 'CAPM Venture Capital & Finance Limited (CVCFL)' has been changed to 'CVC Finance Limited' through a programme at its head office in the city on Saturday. Chairman of the company Mahmud Hussain, Managing Director Mustafizur Rahman and other officials seen cutting a cake at the programme