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

Walton Hi-Tech makes stellar debut

Walton Hi-Tech Industries made a flying trading debut on Wednesday as its shares price jumped 50 per cent -- the highest allowable limit, riding on investors' 'irrational hype' over the new issue.The local electronics giant's share closed at Tk 378 each on the Dhaka Stock Exchange (DSE), soaring 50 per...

Listed cos for amendment of Corporate Governance Code

A delegation of the Bangladesh Association of Publicly Listed companies (BAPLC), led by its President Azam J Chowdhury called on the Chairman of Bangladesh Securities and Exchange Commission (BSEC) Prof. Shibli Rubayat Ul Islam and the Commissioners at the Securities Exchange Bhaban at Agargaon in the capital Tuesday.Commissioners of BSEC...

Al-Arafah Islami Bank re-elects Chairman, Vice Chairman

Abdus Samad Labu has been re-elected as the Chairman and Mohammed Abdus Salam as the Vice Chairman of Al-Arafah Islami Bank Limited. The 351st meeting of the board of directors re-assigned them as Chairman and Vice Chairman unanimously on Wednesday, said a statement. Abdus Samad Labu is one of the...

Stocks end nearly flat after volatile trading

Stocks ended almost flat on Wednesday as investors were active on the both sides of trading fence amid debut trading a new issue - Walton Hi-Tech Industries.DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 4,972, gaining 2.02 points or 0.04 per cent, after losing 146 points...

Prime Bank launches 'Neera'

Prime Bank has introduced a unique women-focused initiative 'Neera' with a promise to help achieve financial freedom, social progress, self-care and wellness of women of all spheres of the society, said a statement. Today women in Bangladesh are making significant contribution to the economy. 'Neera' appreciates their immense contribution and...

Realme C17 launched in Daraz Bangladesh globally for the first time

Daraz Bangladesh (daraz.com.bd), a concern of Alibaba Group and e-commerce platform launched the Realme C Series smartphone, Realme (C17) worldwide for the first time, said a statement. The smartphone was launched recently by the renowned model Jannatul Peya on the Facebook live from the official Facebook page of Daraz. This...

Dhaka Regency to hold tourism fest

The Dhaka Regency Hotel and Resort is going to host the 10-day "Dhaka Regency Tourism Fest 2020" for travel lovers on the occasion of World Tourism Day. During the Corona pandemic the festival is set to begin at the hotel's signature restaurant Grandiose, with the utmost caution and hygiene and...

News Briefs (24-09-2020)

Nike set to lift S&P 500, Dow ahead of business activity dataThe S&P 500 and the Dow were set for a higher open on Wednesday ahead of data that would throw light on the pace of an economic recovery from a coronavirus-driven recession, while Nike was set for a record...

Maizbhandar Darbar Sub-branch of First Security Islami Bank

The Maizbhandar Darbar Sub-branch of First Security Islami Bank Ltd started its operation at Gulzar-a-Ibrahim Emporium, Fatikchari in Chattogram on Wednesday with a view to providing shariah-based modern banking services to its clients. Syed Waseque Md Ali, Managing Director of First Security Islami Bank, inaugurated the sub-branch through a video...

Correction (2020-09-24)

There was an inadvertent mistake in the headline of an item titled 'National Housing Finance and Investments re-elects Mahbubur Rahman Chairman, Altaf Hussain Vice Chairman' in our Wednesday's issue.Actually they were elected, not re-elected.We regret the mistake.

24th AGM of Northern Islami Insurance

The 24th Annual General Meeting (AGM) of Northern Islami Insurance Ltd was held on a digital platform recently. S.M. Ayub Ali Chowdhury, Chairman of the company presided over the meeting. Among others, Independent Director Umme Habiba Akter, CEO Abdul Haque FCA, CFO Sujit Kumar Dey FCA and Company Secretary M.H....

DSE/CSE News in Brief (24-09-2020)

Disbursement of dividend MIDAS Financing Ltd: The company credited the bonus shares for the year ended on December 31, 2019 to the respective shareholders' BO Accounts on September 13, 2020 and cash dividend to the respective shareholders' bank accounts through EFT.Popular Life Insurance Company Limited: The company disbursed cash dividend...

Pragati Insurance declares 22pc dividend

Pragati Insurance Ltd. declared 22 per cent cash dividend for the year 2019 in its 34th Annual General Meeting held on Wednesday through a digital platform, says a statement. The meeting was presided over by Syed M. Altaf Hussain, Chairman of the company. Vice-Chairman Tabith Mohd. Awal, Members of the...