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

Stocks fall again after two-day rally

Stocks broke a two-day rally on Monday, going back to the red zone as the market witnessed late-hour selling pressure.DSEX, the prime index of the Dhaka Stock Exchange (DSE), fell more than 39 points or 0.72 per cent, finishing the day at 5,417 points.Brokers said the market opened higher, but...

ICB, its subsidiaries to waive 100pc interest on margin loans

Investment Corporation of Bangladesh (ICB) and its two subsidiaries will waive 100 per cent interest on the margin accounts of the 'affected' investors.The subsidiaries are ICB Capital Management Limited (ICML) and ICB Securities Trading Company Limited (ISTCL).The investors, who incurred substantial losses after the 2010-11 stock market debacles, would be...

Legacy Footwear's share price continues to soar sans PSI

The share price of Legacy Footwear continued to soar with no apparent reason. The price jumped 6.79 per cent further on Monday to close at Tk 88.10 each at the Dhaka bourse. The share soared more than 58 per cent in 13 trading days till Monday.The price rose nearly 325...

EBL cardholders to get complimentary stay at hotels

The cardholders of Eastern Bank Limited (EBL) will enjoy two nights of complimentary stay at hotels in 25 European and North American destinations against purchase of return air tickets for couple from www.flightexpert.com, according to a statement. The complimentary hotel stay will be offered in the destinations like Amsterdam, Athens,...

News Briefs-(29-5-2018)

Hanif Hasina Republic Insurance Mohd. Hanif Chowdhury and Mrs. Hasina Gazi have been re-elected as chairman and vice chairman of the board of directors of Republic Insurance Company Limited at its 115th board meeting. Mr. Chowdhury is the chairman of Unitex Group of Companies. He was the vice chairman...

Akij Group availed $ 38 million financial support from DEG and Standard Chartered-Malaysia for acquisition of two Malaysian companies

(sitting from left) Managing Director & CEO, Green Delta Capital Limited, Md Rafiqul Islam, Chief Executive Officer of Standard Chartered-Bangladesh, Naser Ezaz Bijoy and Directors of Akij Group, Sk Jamil Uddin and Sk Shamim Uddin, posing for photo, among others, in a ceremony held in the city on Sunday. The...

Goldman Sachs plans $600m stake sale in ReNew Power

Goldman Sachs Group Inc.'s planned $600 million stake sale in ReNew Power Ventures Pvt. Ltd will mark the biggest exit for a private equity fund through an initial share sale in India, according to a dealstreetasia.com report published Monday. ReNew Power, which filed its draft share sale documents on 8...

DSE News in Brief (29-5-2018)

Spot tradingShahjalal Islami Bank: Trading of the shares of the company will be allowed only in the spot market and block transactions will also be settled as per spot settlement cycle with cum benefit from today (Tuesday) to tomorrow (Wednesday). Trading of the shares of the company will remain suspended...