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BSBA president elected

CHITTAGONG, October 13: Mohammed Abu Taher has been elected president of Bangladesh Ship Breakers Association (BSBA) in the first-ever direct election in its 30 years' history. Besides, Amzad Hossain Chowdhury and Md Shafi have been elected vice president of the association. They were unanimously nominated in a meeting of BSBA's...

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Medhat made CTO of Grameenphone Grameenphone has appointed Medhat El Husseiny as Chief Technology Officer (CTO) of the company. Medhat, who is an Egyptian national, brings over 20 years of experience from telecom sector, holding senior management roles in different multinational companies, said a Grameenphone press release Monday. Prior to...

Photo: International Organisation of Securities Commissions (IOSCO)

Photo: Bank Alfalah Limited

Stocks witness marginal correction

Stocks witnessed marginal correction Monday after four straight sessions' bullish streak as investors booked some profit on financial stocks. The market tumbled in the early session, losing 42 points within 90 minutes of trade. However, it partly recovered by the price appreciation of large cap stocks in the final hour...

Asian stocks tumble to 7-month lows

SYDNEY, Oct 13 (Reuters): Asian stocks stumbled to seven-month lows on Monday, while crude oil prices were pinned near a four-year trough as promising trade numbers out of China failed to cheer a market still worried about faltering global growth. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.8...

Sensex closes higher

MUMBAI, Oct 13 (Reuters): The BSE Sensex closed higher on Monday as stocks of blue-chip companies recovered from recent losses, tracking positive cues from European markets, while technology shares rose for a second consecutive day. Improving China trade data also helped sentiment as it eased some of the recent concerns...

Sebi bars DLF from capital mkts for three years

MUMBAI, Oct 13 (PTI): Regulator Securities and Exchange Board of India (Sebi) has barred realty major DLF and also six top executives including Chairman KP Singh, from securities markets for three years, after finding the company guilty of "active and deliberate suppression" of material information at the time of its...

Photo: Social Islami Bank Limited

Photo: The \\\'Dealer conference 2013\\\' of Birla Tyres

Photo: Head of ICT Division of First Security Islami Bank Limited (FSIBL)

IPO Diary

Daily Market Update

BB allows Islamic banks to finance green projects

Bangladesh Bank (BB) has issued a guideline allowing Islamic banks and non-banking financial institutions (NBFIs) to finance in eco-friendly green projects, including renewable energy initiatives under its Shariah-based refinancing scheme. Under the guidelines, the interested Islamic banks and NBFIs will have to sign separate agreements with the BB's Green Banking...

BSEC opens anti-money laundering wing

The securities regulator has opened an anti-money laundering wing to prevent capital flight and financing of terrorism through the capital market, official sources said. Mohammad Saifur Rahman, an executive director of Bangladesh Securities and Exchange Commission (BSEC), said a decision of forming an anti-money laundering wing was taken recently. According...