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

BSEC to bring change in book building method rules

The securities regulator has allowed Esquire Knit Composite to determine cut-off price through electronic bidding as part of going public under book building method.The regulatory approval came at a meeting held Tuesday at the office of the Bangladesh Securities and Exchange Commission (BSEC).Esquire Knit Composite will raise Tk 1.5 billion...

BTMA accords reception to Mirza Salman Ispahani

Bangladesh Textile Mills Association (BTMA) accorded a reception to Mirza Salman Ispahani, Chairman of M M Ispahani Limited and also managing director & chairman of Pahartali Textile and Hosiery Mills, for being elected the president of International Cotton Association (ICA). The BTMA honoured Mr Ispahani at a programme, held at...

Jute Spinners price jumps 56pc in 16 sessions

The share price of 'Z' category company Jute Spinners soared 56 per cent in sixteen sessions though the company is not in operation since June, 2016.On Tuesday, the company also secured third position in the chart of top 10 gainers with a price hike of 7.33 per cent.The company also...

Regulator approves CDBL MD's appointment

The securities regulator Tuesday approved the appointment of Shuvra Kanti Choudhury, FCA, as managing director (MD) & CEO of Central Depository Bangladesh Limited (CDBL).The regulator approved the appointment of Mr. Choudhury, a former executive director of BSEC for two years.The board of CDBL recently took the decision of appointing Mr....

Stocks keep gaining riding on GP

Stocks witnessed yet another positive session Tuesday amid increased trading activities as optimistic investors showed their buying spree on Grameephone's shares.Market operators said the market stayed on positive note largely supported by heavyweight GP shares as enthusiastic investors took position on GP, anticipating positive earnings and dividend declaration. The telecom...

New DMD of SIBL

Abu Naser Chowdhury has recently joined as Deputy Managing Director (DMD) at Social Islami Bank Limited (SIBL). Prior to his joining at SIBL, he was the Deputy Managing Director of Rupali Bank Limited, said a statement. He started his banking career as Senior Officer at Janata Bank Limited in 1986....

Square, Beximco Pharma, GP dominate turnover chart

Top 10 traded companies accounted for more than 40 per cent transactions of the premier bourse Tuesday while Square Pharmaceuticals, Beximco Pharma and Grameenphone dominated the list.Dealers said the fundamentally sound issues like Square Pharma, Grameenphone continued to attract investors as they are anticipating positive quarterly earning declarations.The telecom sector...

H R Textile Mills approves 10pc cash dividend

The 33rd Annual General Meeting of H R Textile Mills Limited was held at Spectra Convention Centre Limited in the city on Monday, said a press release. The company declared 10 per cent cash dividend for the year ended June 30, 2016, which has been approved in the 33rd AGM....

AB Bank elects new chairman

The Board of Directors of AB Bank Limited in its 643rd Meeting held on Monday elected M. A. Awal as the Chairman and Feroz Ahmed as the Vice-Chairman of the Bank. Earlier on December 21, 2017 at the 35th Annual General Meeting of the Bank, Mr. Moshtaque Ahmed Chowdhury, Shajir...

DSE News in Brief (24-01-2018)

Dividend declarationMarico Bangladesh Limited: The board of directors of Marico Bangladesh Limited has declared 250 per cent second Interim cash dividend based on 9 months financials for the period ended on December 31, 2017. Record date for entitlement of interim cash dividend: 12.02.2018.Credit ratingGlobal Heavy Chemicals: ARGUS Credit Rating Services...

Launching of co-branded Diners Club International Auto Credit Card and Diners Club International Fuel Card

EBL Managing Director and CEO Ali Reza Iftekhar, Vroom Services Limited Chairman Muhammad Ziaul Islam Chowdhury, Managing Director Habibur Rahman and Diners Club International Director (South Asia, Singapore, Philippines, Malaysia) Subhrajit Basu along with others at the launching of co-branded Diners Club International Auto Credit Card and Diners Club International...

Mutual Trust Bank Limited donats blankets

Mutual Trust Bank Limited (MTB), as part of its Corporate Social Responsibility (CSR) initiatives, has recently donated blankets for distribution amongst the cold-affected people of different regions of the country through the Cadet College Club authorities. Group Capt Muhammad Alamgir, acsc (Retd), President, Cadet College Club Limited (CCCL) received a...

Annual Managers' Conference -2018 of Northern General Insurance

Annual Managers' Conference -2018 of Northern General Insurance Co. Ltd. was held at a hotel in Cox's Bazar recently. Engineer Abdul Matin,Chairman presided over the conference. Director and Chairman, S Alam Group Md. Saiful Alam. KDS Group Chairman Khalilur Rahman, M A Maleque, Abdus Samad, Nasir Uddin, Thamina Rahman, Md....