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

Dhaka stocks inch up after two-day slump

Dhaka stocks inched higher on Monday, after remaining down in the past two straight sessions.DSEX, the prime index of Dhaka Stock Exchange (DSE), settled at 5,326, advancing 3.15 points or 0.05 per cent over the previous session.Brokers said the market finished almost flat with increased trading activities as pre-Eid sale...

Prices of low-segment cigarettes of foreign and local brands to be same

Multinational companies are likely to be able to sell cigarettes in the country at prices equivalent to those manufactured by local companies from the next fiscal year (FY).In the proposed budget for FY 2018-19, the government has removed the discrimination in the price slabs for sale of both local and...

Asia Ins re-elects chairman, vice chairman

Yussuf Abdullah Harun FCA, MP, was unanimously re-elected chairman of the board of directors of Asia Insurance Limited at its 130th board meeting held on Monday, said a statement.Mr. Harun was born in Comilla on November 15, 1947. He had a brilliant academic career. He obtained B.com. (Hons) Degree from...

Kay & Que plans to merge with Multisourcing

The board of directors of Kay & Que Limited has adopted a draft scheme of amalgamation of Multisourcing Limited with Kay & Que.The amalgamation is, however, subject to approval by the shareholders at the extraordinary general meeting (EGM) and the High Court, according to a posting on the Dhaka Stock...

Share prices of three cos rise 'abnormally' sans PSI

The share prices of three listed companies rose 'abnormally' despite having no undisclosed price sensitive information (PSI) of the companies.The companies are Aziz Pipes, Aramit and Renwick Jajneswar & Co (Bd). The share price of Aziz Pipes rose 'abnormally' in nine sessions from May 28 to June 10 when the...

SK Trims IPO lottery draw today

The draw of SK Trims & Industries IPO lottery will be held today (Tuesday) to allocate 30 million ordinary shares to the successful applicants.The draw will be held at 10:30 am at the auditorium of Institute of Engineers, Bangladesh (IEB) in Dhaka.The results will be published on the websites of...

BSEC approves Silva Pharma IPO

The securities regulator has approved the IPO (initial public offering) proposal of Silva Pharmaceuticals under the fixed price method. The approval came on Monday at a meeting held at the office of the Bangladesh Securities and Exchange Commission (BSEC). The company will raise a capital worth Tk 300 million by...

Credit rating result

The City Bank Ltd.: Credit Rating Agency of Bangladesh Limited (CRAB) has announced the rating of the company as "AA2" in the long term and "ST-2" in the short term along with a stable outlook based on audited financial statements of the company up to December 31, 2017 and other...

Asia Insurance Limited

Asia Insurance Limited Vice Chairman Mahbubul Alam presiding over the 18th annual general meeting (AGM) in the capital on Monday when company directors and senior executives were present among others. The meeting approved 10 per cent cash dividend for the year 2017

19th AGM of Paramount Insurance

The 19th annual general meeting (AGM) of Paramount Insurance in progress in the city recently where the shareholders unanimously approved 10 per cent stock dividend for the year 2017

Managing Director of First Security Islami Bank Limited Syed Waseque Md Ali inaugurating the Kalia Branch

Managing Director of First Security Islami Bank Limited Syed Waseque Md Ali inaugurating the Kalia Branch of the bank at Kalia, Narail recently while Head of General Services Division S M Nazrul Islam and Zonal Head, Khulna Md. Abdur Rashid were present