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

Stocks fall as trading resumes after Eid

FE ReportStocks fell marginally as trading resumed on Monday after the five-day Eid holidays, with most of the investors remaining in selling mode.DSEX, benchmark index of Dhaka Stock Exchange (DSE), went down by nearly 24 points or 0.44 per cent to settle at 5,341.The trading and administrative activities of both...

Deputy Managing Director & CSBO of Mercantile Bank Limited Adil Raihan and Secretary

Deputy Managing Director & CSBO of Mercantile Bank Limited Adil Raihan and Secretary & CEO (CC) Dhaka South City Corporation (DSCC) Md. Shahabuddin Khan exchanging documents of an MoU signed between the two organisations at the DSCC headquarters recently. As per the agreement, the bank will facilitate collection of trade...

IPO subscription of VFS Thread to open June 24

FE ReportThe public subscription of VFS Thread Dyeing Limited will open on June 24 and continue till July 02, officials said.The company will raise a fund worth Tk 220 million through the initial public offering (IPO) under fixed price method.The securities regulator, Bangladesh Securities and Exchange Commission (BSEC), approved the...

BBS Cables inks Tk 154m deal with BREB

BBS Cables Limited has signed an agreement with Bangladesh Rural Electrification Board (BREB) to supply conductors. The company earlier received a 'Notification of Award (NOA)' for supplying the conductors under 'Rural Electrification Programme in Sylhet Division and Infrastructure Development of BREB Headquarters" with a contract price of over Tk 154.11...

ARGUS rates Premier Bank 'AA+'

ARGUS Credit Rating Services Limited (ACRSL) has announced the rating of Premier Bank Limited as "AA+" for long term and "ST-1" for short term in consideration of financials of the bank up to December 31, 2017 (audited) and first quarter of financial year 2018 (unaudited), and other relevant quantitative as...

Share prices of 18 companies remain below face value

Mohammad MufazzalThe shares of 18 listed companies were being traded below their face value of Tk 10 as on Monday, mainly because of their poor performance in the last financial year.Many of those companies have also displayed losses in the latest quarter (January-March) of 2018.Most of the companies have been...

NCC Bank signs deal with Bread & Beyond

NCC Bank Limited has signed a corporate agreement with Bread & Beyond recently, according to a statement. Under the agreement, NCC Bank's credit cardholders will get up to 10 per cent discount on all items of Bread & Beyond.In presence of Managing Director & CEO of NCC Bank Mosleh Uddin...

DSE News in Brief (19-6-2018)

DSE NEWSDividend disbursementRepublic Insurance Company Limited: The company has informed that it has credited the bonus shares for the year ended on December 31, 2017 to the respective shareholders' BO accounts on 12.06.2018.Asia Insurance Limited: The company has informed that cash dividend warrants will be distributed to the shareholders from...