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

Govt earnings from DSE jump 7.72pc in FY '19

The government's revenue earnings from the Dhaka Stock Exchange (DSE) soared 7.72 per cent in the just concluded fiscal year (FY) over the previous fiscal.Market analysts attributed the rise in revenue earnings to higher share sales by sponsor-directors and placement holders.According to the DSE data, the government's revenue earnings reached...

Stocks fall further amid low investors’ confidence

Stocks extended the losing streak for the third straight sessions on Wednesday, as investors kept selling shares of major sectors amid no sign of market recovery.DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 12.71 points or 0.23 per cent to finish at 5,372.Although the government...

ACME starts commercial production at steroid facility

The ACME Laboratories has announced the start of commercial production at its state-of-the-art steroid and hormone facility in Dhamrai following successful completion of trial production.The steroid and hormone facility is one of the three projects for which the company raised funds through initial public offering (IPO), said an official disclosure...

National Life tops DSE turnover chart

Ten most traded companies accounted for one-fifth of transactions on the Dhaka Stock Exchange (DSE) on Wednesday, with the National Life Insurance Company making it to the top of the turnover chart.According to the statistics available with the DSE, about 629,232 shares of National Life were traded, generating a turnover...

BNICL approves 12pc dividend

Bangladesh National Insurance Company Limited (BNICL) approved 12 per cent cash dividend for the year 2018 at its 23rd annual general meeting (AGM) held at the Spectra Convention Centre in the city recently. The meeting also approved the company's audited financial statements for the year ended on December 31, 2018....

Monzur Mofiz joins ONE Bank as AMD

Md Monzur Mofiz has joined ONE Bank Limited as its Additional Managing Director (AMD) with effect from July 01, says a statement. Prior to his new assignment, Mr Monzur was the deputy managing director and chief business officer of Dutch-Bangla Bank Ltd. During his 26-year career, Mr Monzur worked as...

News Briefs (04-07-2019)

Md Shafiul Azam, Managing Director & CEO of Modhumoti Bank Limited, and Engr Zakiul Islam, Managing Director of Northern Electricity Supply Company, exchanging the documents of an MoU between the two organisations at the head office of the electricity supply company recently Modhumoti Bank to collect bills from NESCL customers...

Banks scramble to re-pitch for Aramco IPO roles

LONDON/DUBAI, July 03 (Reuters): Investment banks are scrambling to re-pitch to advise Saudi Aramco on a possible initial public offering, sources familiar with the matter said, with Saudi Arabia's energy minister confirming plans for the listing to proceed in 2020 or 2021."Bankers previously involved in the IPO are pushing for...

Major Asian markets decline on trade worries

Major Asian markets declined on Wednesday as global trade concerns weighed on investor sentiment, reports CNBC.The Nikkei 225 slipped 0.53 per cent to close at 21,638.16, while the Topix fell 0.65 per cent to end its trading day at 1,579.54.In mainland China, the Shanghai composite was lower by 0.94 per...