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

Stocks back to green as investors take position on low price level

The Dhaka bourse Wednesday returned to green breaking the losing streak of three consecutive sessions, riding on mixed performance showed by major sectors.The market started the session with 'optimism' and the rising trend continued for half an hour on Dhaka Stock Exchange (DSE). After adding 55 points in the short...

BSEC allows block trading of Summit Power shares

The securities regulator has allowed transaction of more than 70.23 million shares of Summit Power Limited held by Summit Holdings Limited through block trading facilities of the stock exchanges.To facilitate the transaction, Bangladesh Securities and Exchange Commission (BSEC) waived the companies from complying with the relevant securities rules. The decision...

HC stays taking nomination fee from willing candidates

The High Court (HC) has stayed a decision of taking nomination fee from the candidates interested to contest the election of shareholder director of Dhaka Stock Exchange (DSE).The stay order came Tuesday following a writ petition filed by a shareholder, SM Shahudul Haque Bulbul. The election for the post of...

ICSB team meets NBR chairman

Institute of Chartered Secretaries of Bangladesh (ICSB) Wednesday urged National Board of Revenue (NBR) to allow Chartered Secretary professionals to become income tax practitioners like Chartered Accountants and Cost & Management Accountants under the Income Tax Ordinance, 1984.The ICSB made the plea when a delegation, led by its president Mohammad...

News Briefs(15-03-2018)

Mahbub becomes DMD of City BankCity Bank appointed Mohammad Mahbubur Rahman as Deputy Managing Director (DMD) of the bank recently. He had been working in the same bank as its Chief Financial Officer since 2011. Prior to joining City Bank, Mr Mahbub was the Financial Management Specialist for South Asia...

Star Ceramics celebrates annual dealer meet

Star Ceramics organises its Annual Dealer Meet, Bangladesh 'Hoye Dekhabo Superstar' at Army Golf Garden in the city recently, according to a statement. About two hundred of the country's best dealers of tiles and sanitary ware attended the event. The highlight of the event was the celebration of its last...

Region mostly soft, some Saudi stocks surge on positive news

DUBAI, March 14 (Reuters): Most Middle Eastern stock markets were soft on Wednesday with Qatar pulling back after two days of strong gains, but a few individual stocks in Saudi Arabia rose sharply in response to positive news.The Qatari index, which had surged 6.7 per cent in the previous two...

DSE/CSE News in Brief (15-03-2018)

DSE NEWSDividend disbursementPadma Oil Co. Ltd: The company has disbursed cash dividend for the year ended on June 30, 2017 to the respective shareholders' bank accounts through BEFTN. Besides, shareholders, whose cash dividends have not yet been deposited in their respective bank accounts, are requested to contact with company's share...

Sri Lankan stocks fall on foreign selling

COLOMBO, Mar 14 (Reuters): Sri Lankan shares fell on Wednesday from their highest close in nearly two weeks hit in the previous session, as selling by foreign investors weighed on sentiment, brokers said.Foreign investors sold a net 183.3 million rupees ($1.18 million) worth of shares, but they have been net...

Speaker of Jatiya Sangsad handing over SME loan cheque

Dr. Shirin Sharmin Chaudhury, MP, Speaker of Jatiya Sangsad handing over SME loan cheque for Tk 5.0 million to Moushumi Zaman, Proprietor of MC Trade Center at 'Banker-Nari Uddokta Somabesh & Ponno Prodorshony Mela 2018', at Shishu Academy recently with Fazle Kabir, Governor of Bangladesh Bank and Md. Zakir Hossain,...

Social Islami Bank Limited Quazi Osman Ali opening bank's agent banking outlet

Managing Director and CEO of Social Islami Bank Limited (SIBL) Quazi Osman Ali opening the bank's agent banking outlet, "Dhondi Bazar Unit", at Noagaon, Shonargaon of Narayangonj Wednesday when Deputy Managing Director Zafar Alam, Noagaon Union Parishad Chairman Alhajj Md. Yusuf Dewan, the bank's senior executives and branch managers, unit...

Indian shares end lower as oil stocks drag

Indian shares ended marginally lower on Wednesday as oil stocks such as Indian Oil Corp Ltd and Oil and Natural Gas Corporation Ltd fell after global crude prices firmed on strong Chinese factory data, reports Reuters.The broader NSE index closed 0.15 per cent lower at 10,410.90, while the benchmark BSE...

Investors' Meeting, March 2018 organised by UCB Capital Management

Investors' Meeting, March 2018 organised by UCB Capital Management Limited and represented by Renata Limited in progress in the city recently with Managing Director of the company Mohammed Rahmat Pasha present on the occasion among others