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

Stocks snap two-day gaining streak

Stocks slipped into red Monday, snapping a two-day gaining streak, as cautious investors sold shares to bag profit.Market operators said the cautious investors booked quick-profit on large-cap sectors, especially pharmaceuticals, telecommunication and non-bank financial institutions issues, taking the market into the red zone."The market witnessed a natural correction, as some...

Three Z-category cos share price soaring sans price sensitive info

Share price of three Z-category companies -- Beximco Synthetics, Sonargaon Textile and Information Services Networks - are soaring without any price sensitive information (PSI).In the last three months, the Beximco Synthetics' share price jumped more than 88 per cent to close at Tk 14.30 on Monday on the Dhaka Stock...

EBL to get $20m loan from ADB

The Asian Development Bank (ADB) Monday signed an agreement with Eastern Bank Ltd (EBL) for a $20 million loan to help improve the standards and quality in Bangladesh's textile and garment sector and help fill the equity gap in the local financial market.The agreement was signed by Ali Reza Iftekhar,...

Ten top-traded cos grab 28pc turnover

Ten top-traded companies accounted for more than 28 per cent transactions on the country's major bourse on Monday. Grameephone (GP) topped the list. Market operators said fundamentally-sound issues like GP and Square Pharmaceuticals continued to attract investors following their positive quarterly earning declarations.Recently, the board of directors of the GP...

IBBL appoints two AMDs

Islami Bank Bangladesh Limited has appointed Md. Shamsuzzaman and Mohammed Monirul Moula as Additional Managing Directors of the bank, said a statement. Md. Shamsuzzaman, AMD of the bank has been heading the bank's Operations Wing. Earlier he served the bank as DMD. M. Shamsuzzaman started his banking career as a...

Green Delta Ins recommends 20 per cent dividend

The board of directors of Green Delta Insurance has recommended 20 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Monday.The final approval will come during the annual general meeting (AGM) scheduled to be held on March 29 at 11:00am in Dhaka.The...

Wall St strives to bounce back from worst week in two years

US stock index futures held on to gains of more than 1 per cent as Wall Street attempts to bounce back from its worst week in two years, while volatility remains relatively elevated and US bond yields hit a new four-year high, reports Reuters.By 8:26 a.m. ET (1326 GMT), Dow...

News Briefs--(13-02-2018)

PBIL starts journey in CtgPrime Bank Investment Ltd (PBIL) has launched its operation in Chittagong recently. Prime Bank former Chairman Mr. Md. Nader Khan, Managing Director & CEO of PBIL Mr. Tabarak Hossain Bhuiyan and high officials of different corporate entities were present at the ribbon cutting ceremony & meet...

DSE/CSE News in Brief (13-02-2018)

DSE NEWSResponse to DSE queriesBeximco Synthetics: In response to a DSE query dated February 11, 2018, Beximco Synthetics Limited has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike of shares.Sonargaon Textiles: In response to a DSE query dated February 11, 2018,...

Dubai exchange explores options as Indians stop licensing securities abroad

DUBAI, Feb 12 (Reuters): The Dubai Gold and Commodities Exchange (DGCX) said on Monday it was working with Indian counterparts to explore alternatives after India's three main stock markets announced they would stop licensing their indexes and securities abroad.India's decision appears to threaten several products offered by the DGCX, which...

Modhumoti Bank Limited inaugurated its Shibpur Branch

Modhumoti Bank Limited inaugurated its Shibpur Branch at Narsingdi on Monday. Abdullah Al Islam Jakob, MP, Deputy Minister for Environment and Forests inaugurated the branch as the Chief Guest. Humayun Kabir, Chairman of the Board of Directors of Modhumoti Bank Limited presided over the ceremony. Barrister Sheikh Fazle Noor Taposh,...

Prime Bank inaugurated a Coastal Vessel 'MV Chaklader-6'

Md. Touhidul Alam Khan, Deputy Managing Director & Chief Business Officer of Prime Bank inaugurated a Coastal Vessel 'MV Chaklader-6' as chief guest at Sadarghat, Dhaka recently. The Coastal Vessel 'MV Chaklader-6' of Chaklader Shipping Lines Ltd. (CSL), a concern of MEP Group is financed by Prime Bank. Shamsul Alam...

Capitec Asset Management Company started its journey

Capitec Asset Management Company started its journey on Sunday. Former governor of Bangladesh Bank, Dr. Atiur Rahman inaugurated the operations of the company. Chairman of the company, Mohshina Naila and other directors of the company, Hasan Rahman, MP of Kishoreganj-2 Advocate Md. Suhrab Uddin and member of Bangladesh national cricket...

Delegation of Bangladesh Indenting Agents' Association

A delegation of Bangladesh Indenting Agents' Association (BIAA) led by Vice-President A K M Azad visited the Centre for Training & Rehabilitation of Destitute Women (CTRDW), a project of HEED Bangladesh, at Mirpur in the city recently. Dalia Gharami, Manager, CTRDW welcomed the BIAA team. After exchanging views, the BIAA...