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

Stocks fall on poor quarterly earnings disclosures

Stocks slipped into the red on Sunday, snapping a two-day gaining streak, as investors went late-hour selling spree amid lower than expected earnings disclosure of some listed companies.Market insiders said the market went back to the red as some listed companies' quarterly earnings failed to meet the investors' expectation.Some 12...

DSE holds workshop for EIs to ensure logical IPO bidding

Dhaka Stock Exchange (DSE) on Sunday arranged a workshop for eligible investors (EIs) to ensure logical bidding of IPO shares under book building method.The premier bourse arranged the workshop following the instruction of the Bangladesh Securities and Exchange Commission (BSEC).Presently, there are around eight hundred EIs, including stock dealers, merchant...

Z-category stocks see sharp rise

Rahima Food Corporation witnessed highest gain on Sunday following increased earnings disclosure for the January-March quarter, when the 'Z' category company registered capital gain on sale of land.Besides, some other 'Z' category companies continued with their 'unusual' price hike despite there is no undisclosed price sensitive information (PSI) for the...

GP, GSK Q1 earnings slide

Some 12 more listed companies, including the largest-market cap company Grameenphone (GP), disclosed un-audited financial reports for the January-March quarter of 2018 on Sunday.Of them, the earnings per share (EPS) of seven companies, including GP and GlaxoSmithKline Bangladesh, declined while five companies' earnings increased in the quarter compared to the...

IDLC inaugurates 39th branch in Faridpur

IDLC Finance Limited inaugurated its 39th branch in Faridpur on Sunday, according to a statement. Aziz Al Mahmood, Chairman of IDLC Finance Limited, inaugurated the branch as the chief guest. "As a progressive and responsible brand IDLC has been creating new milestones of achievements. We will continue our success in...

Hakkani Pulp starts trial run of tissue unit

Hakkani Pulp & Paper Mills has started trial production of its tissue paper unit as installation of the unit is almost completed. "Based on the performance of trial production, the date of commercial production will be declared in time," according to a disclosure posted on the Dhaka Stock Exchange (DSE)...

News Briefs-(23-04-2018)

National Ins recommends 10pc divBangladesh National Insurance Company Ltd has recommended 10 per cent cash dividend for the year ended on December 31, 2017. The AGM will be held on June 25 and the record date is on May 17.Eastland Ins recommends 15pc divEastland Insurance Company Ltd has recommended 7.50...

Mutual Trust Bank Limited and Chittagong Club Limited

Mutual Trust Bank Limited (MTB) and Chittagong Club Limited (CCL) have recently launched an exclusive MTB-Chittagong Club Limited (CCL) World Mastercard Credit Card for the CCL members. MTB Managing Director & CEO Anis A. Khan handing over the first card to CCL Chairman Meah Mohammed Abdur Rahim at a ceremony...

A. Rouf Chowdhury, Chairman of Bank Asia, inaugurating 120th branch

A. Rouf Chowdhury, Chairman of Bank Asia, inaugurating the 120th branch of the bank as the chief guest at Banani - 11 in the city Sunday while M Syeduzzaman, former Chairman of Bank Asia, Dilwar H. Chowdhury, Director, and Md. Arfan Ali, President & Managing Director of the bank were...

Pose for photograph after inaugurating a five-day 'Orientation Course on Banking' organised by AIBTRI

Managing Director (Current Charge) of Al-Arafah Islami Bank Limited Kazi Towhidul Alam pose for a photograph after inaugurating a five-day 'Orientation Course on Banking' organised by Al-Arafah Islami Bank Training & Research Institute (AIBTRI) as the chief guest on Sunday while Principal of the Institute and Executive Vice President Md....