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

Low-cap stocks continue to soar

FE ReportShare prices of most of the "Z" category companies are rising abnormally in recent weeks though they had no price sensitive information (PSI) or any expansion plan amid sluggish market movement.Within one month, some "Z" category companies' share price jumped between 8.12 per cent and 49.12 per cent while...

Southeast Bank Limited shifted its Chapainawabganj branch

Southeast Bank Limited shifted its Chapainawabganj branch to Sarkar Tower at Chapainawabganj Municipality area. SM Mainuddin Chowdhury, Additional Managing Director of the bank formally inaugurated the newly-located branch Sunday.

DSE turnover dips below Tk 4.0b-mark

Turnover on Dhaka Stock Exchange (DSE) came down to Tk 3.38 billion Sunday, hitting nearly seven months low, as investors were reluctant to take fresh exposure in the market ahead of year-closing.Turnover, the crucial indicator of the market, fell 16 per cent to Tk 3.38 billion, compared to the previous...

Prime Insurance Company arranged a "Claims Settlement Ceremony"

Prime Insurance Company arranged a "Claims Settlement Ceremony" at the Head office of the company recently. Md. Shafiqur Rahman Patwary, Chairman of Insurance Development and Regulatory Authority (IDRA) was the Chief Guest of the ceremony and handed over claims cheque to the clients from different companies. Member of IDRA Gokul...

New MD of Prime Bank

The Board of Directors of Prime Bank Limited appointed Rahel Ahmed as Bank's new Managing Director & CEO with effect from December 14, 2017. Mr. Ahmed is a career banker and worked as DMD and Chief Business Officer of the bank since joining in early 2015. Rahel Ahmed He is...

City Bank wins ICT award

City Bank has been announced as the "Best Online Bank" by the ICT Division of the Government of Bangladesh. The award was given based on recommendations from Bangladesh Bank. At a ceremony held in Dhaka celebrating the first National ICT Day, City Bank's Acting Managing Director Adil Islam received the...

United Power tops DSE turnover chart

FE ReportUnited Power Generation & Distribution Company dominated the Dhaka bourse turnover chart Sunday while top 10 traded companies grabbed more than 24 per cent transaction.Market insiders said United Power Generation emerged as turnover leader following the news of its hefty dividend recommendation.Recently, the Board of Director of the power...

The 46th Annual General Meeting (AGM) of Aramit Ltd was held in Chittagong recently.

The 46th Annual General Meeting (AGM) of Aramit Ltd was held in Chittagong recently. Chairman of the company SM Jamal Ahmed presided over the meeting. The company approved 45 per cent final cash dividend for the year ended on June 30, 2017.

Investors adopt 'wait-and-see' stance

FE ReportMost of the major sectors declined on Sunday and the Dhaka bourse Sunday closed marginally lower.On the day, investors' participation on Dhaka bourse declined significantly and the Dhaka Stock Exchange (DSE) featured a turnover below Tk 4.0 billion. According to International Leasing Securities, the market opened with an upward...

Institute of Chartered Secretaries of Bangladesh (ICSB)

Institute of Chartered Secretaries of Bangladesh (ICSB) Saturday celebrated the Victory Day. Freedom Fighter Engineer Rejaul Karim Chowdhury graced the occasion as the Chief Guest while President of ICSB, Mohammad Sanaullah FCS chaired the programme.

DSE/CSE News in Brief (18-12-2017)

DSE NewsStock dividend disbursementDragon Sweater and Spinning Limited: Dragon Sweater and Spinning Limited informed that it has credited the bonus shares for the year ended on June 30, 2017 to the respective shareholders' BO Accounts on December 12, 2017.Board meetingKeya Cosmetics Ltd: Keya Cosmetics Ltd. has informed that a board...

Stocks rebound riding on banking issues

Stocks returned to green Monday as some optimistic investors took position on heavyweight banking sector shares ahead of year-closing.Brokers said the market returned to the positive territory, though most of the traded issues closed lower, riding on bank and telecommunication stocks.Share price of 24 banks, out of 30 ticked higher.Shahjalal...