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

Turnover remains poor on DSE

Stocks slipped into the red on Monday, after a single-day break, as risk-averse investors went on selling binge on sector specific shares.DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 20.67 points or 0.43 per cent to settle at 4,761, after adding 11 points in the...

City Bank EPS rises to Tk 2.58 in 3rd Quarter

City Bank presented its 3rd Quarter 2019 financial performances through an 'Earnings Disclosure' event organized on Monday at the bank's Head office.Consolidated Earnings Per Share (EPS) of the bank was recorded at BDT 2.58 for the period from January to September 2019 against that of BDT 2.21 during the same...

BRAC Bank inaugurated service outlet at Wholesale Club

BRAC Bank Limited has inaugurated a service outlet at Wholesale Club Ltd. Selim R. F Hussain (centre-middle), Managing Director and CEO of BRAC Bank, inaugurated the outlet at Member Service Department (MSD) at Wholesale Club Ltd, the first ever 24/7 hypermarket in the country launched by Jamuna Group, at Jamuna...

Ali Reza Iftekhar (5th from left-front row)

Ali Reza Iftekhar (5th from left-front row), Managing Director and CEO of Eastern Bank Limited, and Zakir Hossain (6th from left), Director, Jamuna Group, seen at the launching ceremony of EBL-Wholesale Club co-branded credit and prepaid card, held at Jamuna Future Park in Dhaka

News Briefs (22-10-2019)

Pragati Life revises rights issue proposal The board of directors of Pragati Life Insurance Ltd has revised the rights issue proposal. The life insurer now decided to issue one rights share for existing one share, according to an official disclosure on Monday. On July 8, the board of directors of...

United Power tops turnover, gainer charts on prime bourse

Ten most traded companies accounted for more than 24 per cent transactions on the prime bourse on Monday, while United Power generated the highest turnover.The power generation and distribution company also topped the day's gainer chart, soaring 7.20 per cent over the previous day to close at Tk 284.20 each.Market...

GP sees 'very challenging environment' in Q3

Grameenphone Ltd. reported total revenues of BDT 107.5 billion for the first nine months of 2019, a 9.5 per cent growth from the same period last year.The operator's subscriber base grew by 6.0 per cent to 75.7 million during the same period. The company acquired 0.4 million new subscribers during...

India's Infosys US listed shares plunge

BENGALURU, Oct 21 (Reuters): US-listed shares of Infosys Ltd fell nearly 16 per cent in premarket trading on Monday after the Indian software services exporter said it had received whistleblower complaints alleging "unethical practices" by the company's executives.The company issued a statement after The Economic Times reported https://economictimes.indiatimes.com/tech/ites/whistleblower-complaint-placed-before-audit-committee-infosys/articleshow/71686001.cms that an...

Bank Of America expands zero-commission stock trading

Bank Of America said on Monday it would expand its zero-dollar online trading to all customers of its Preferred Rewards program and cut commissions for others, following similar moves by several online brokers, reports Reuters.Discount brokerage Charles Schwab Corp, Fidelity Investments and TD Ameritrade had eliminated commissions on online trading...

DSE/CSE News in Brief (22-10-2019)

Recommendation of dividendApex Spinning & Knitting Mills Limited: The board of directors has recommended 20 per cent cash dividend for the year ended on June 30, 2019. The AGM will be held on December 12, 2019 at 9:00 am at Spectra Convention Center Limited, House: 19, Road: 07, Gulshan: 1,...

Quarterly Business Conference

The Quarterly Business Conference of Chattogram zone of First Security Islami Bank Limited was held recently. The conference was presided over by Syed Waseque Md. Ali, Managing Director of First Security Islami Bank Limited where Abdul Aziz, Additional Managing Director, Md. Mustafa Khair and Md. Zahurul Haque, deputy managing directors,...

Md. Ali Noor

Md. Ali Noor, Director General, CPTU, IMED, Ministry of Planning and Md Abdul Jabber Chowdhury (2nd from left), AMD & CBO of Premier Bank Limited, exchanging a signed agreement on behalf of respective institution. The Premier Bank Limited inked the deal with Central Procurement Technical Unit (CPTU), IMED, Ministry of...

M. Shahidul Islam (3rd from left)

M. Shahidul Islam (3rd from left), Managing Director & CEO of Shahjalal Islami Bank Limited (SJIBL), seen at a business review meeting with the officials of Chattogram and Cox's Bazar area branches of the bank at a hotel in Chattogram recently where Abdul Aziz, Additional Managing Director was present