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

Stocks post marginal gains after bumpy ride

Stocks posted marginal gain on Tuesday after choppy trading as the investors were active both sides of the trading fence throughout the session.Market insiders said a section of investors sold shares from power, financial institutions and telecom sectors while some took position on banking, textile and cement issues.Meanwhile, listed companies...

Kattali Textile's IPO lottery draw tomorrow

The IPO lottery draw of Kattali Textile will be held tomorrow (Thursday) to allocate 34 million ordinary shares among the successful applicants.The event will be held at 10:30 am at the AGB Colony Community Center in Motijheel, according to a disclosure posted on the Chittagong Stock Exchange (CSE) on Tuesday.The...

Govt's tax revenue from DSE slumps 30pc in Q1

The government's revenue earnings from the Dhaka bourse fell 30 per cent in the first quarter (Q1) of the current fiscal year (FY) compared to the same quarter a year ago as trading volume was on the decline.Market insiders said sluggish trading activities coupled with low share sales by sponsor-directors...

ICSB delegation meets BSEC chairman

A delegation of the Institute of Chartered Secretaries of Bangladesh (ICSB) led by its President Mohammad Sanaullah FCS called on Dr. M. Khairul Hossain, Chairman, Bangladesh Securities and Exchange Commission (BSEC) at Securities Commission Bhaban in the city on Tuesday, according to a statement. President of the institute briefed the...

Share price of five small cap cos rising sans PSI

The share prices of five small cap companies were rising 'abnormally' despite having no disclosed price sensitive information (PSI) for the recent price hikes.Following the abnormal price hikes, the Dhaka Stock Exchange (DSE) have made queries to explain whether there were any 'undisclosed' PSI.In their replies, the companies have informed...

SIBL signs deal with REB

Social Islami Bank Limited (SIBL) signed a corporate deal with Bangladesh Rural Electrification Board (REB) for collecting electricity bills of REB through SIBL agent banking outlets at the office of REB recently, according to a statement. Md. Sirajul Hoque, Deputy Managing Director of SIBL and Md. Hossain Patwary, Director (Finance)...

News Briefs-(03-10-2018)

ECRL rates Singer 'AAA'Emerging Credit Rating Limited (ECRL) has assigned the rating of Singer Bangladesh Limited as "AAA" in the long term and "ST-1" in the short term along with a stable outlook of the company based on audited financials up to December 31, 2017, unaudited financials up to June...

New CEO of Global Ins

Mosharrof Hossain Having approval from Insurance Development & Regulatory Authority (IDRA), Md. Mosharrof Hossain has joined Global Insurance Limited as its Chief Executive Officer (CEO), according to a statement. He completed his graduation with honours and post-graduation in Islamic History & Culture from Dhaka University. He also obtained MBA in...

DSE/CSE News in Brief (3-10-2018)

DSE NEWSBoard meetingNational Tea Company Ltd.: As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the company has informed that a meeting of the board of directors will be held on October 11, 2018 at 3:30 pm to consider, among others, audited financial statements of the company...

Mohammed Shawkat Jamil and Jalalul Azim exchanging documents after signing agreement

Managing Director (Acting) of United Commercial Bank Limited (UCB) Mohammed Shawkat Jamil and Managing Director and CEO of Pragati Life Insurance Limited Jalalul Azim exchanging documents after signing an agreement in presence of senior officials of both the companies at the UCB head office in the capital recently. With this...

Md Farman R. Chowdhury greeted

Al-Arafah Islami Bank Ltd Managing Director Md Farman R. Chowdhury (first from left) being greeted by Mahmud Hossain (middle), CEO & Managing Director of Millennium Information Solution Ltd, a subsidiary of the bank, on Tuesday

Chairman of NCC Bank Limited Md. Nurun Newaz Salim presiding over a meeting of the board of directors

Chairman of NCC Bank Limited Md. Nurun Newaz Salim presiding over a meeting of the board of directors of the bank at NCC Bank Bhaban in the city recently while Vice-Chairman Sohela Hossain and Managing Director & CEO of the bank Mosleh Uddin Ahmed were present