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

DSE for imposing lock-in on sponsors’ bonus shares

The Dhaka Stock Exchange (DSE) will sit with the securities regulator soon with a set of proposals to dig out the listed companies' wrongdoings that affect the interest of general investors.Before sitting with the Bangladesh Securities and Exchange Commission (BSEC), the board of the premier bourse will finalise proposals made...

MBL businesses to grow more, two new subsidiaries in the offing

Mercantile Bank Ltd (MBL) during the last three years witnessed a solid growth in all parameters of businesses due to concerted efforts, performed by a team of committed and dedicated professionals.MBL is now in the process of establishing 2 new subsidiary companies : MBL Asset Management Limited (including venture capital)...

Turnover slumps 22pc on prime bourse

Stocks posted moderate gain Sunday as some investors showed their buying appetite on sector specific issues, particularly banking sector shares.Market analysts said bargain hunters took position on stocks which suffered losses in recent price correction, helping the market index to close higher.Investors chose the financial sector shares as the sector...

Shasha Denims to acquire 80pc stakes in EOS Textile

Shasha Denims Ltd. has now decided to acquire 80 per cent of stakes in EOS Textile Mills for US$ 12 million (about Tk 1014 million), reversing its earlier decision to acquire 40 per cent of stakes.EOS Textiles Mills, a 100 per cent export-oriented textile company, was established by Italian investors...

News Briefs-(18-2-2019)

JMI to issue 11.10m shares to NIPRO at Tk 164.10 eachJMI Syringes & Medical Devices has decided to sell per share at Tk 164.10 to NIPRO Corporation of Japan, including Tk 154.10 as a premium. The decision was taken at an extra-ordinary general meeting (EGM) held on Saturday in line...

DSE/CSE News in Brief (18-2-2019)

DSE NEWSBonus shares Shahjibazar Power Co. Ltd.: The bonus shares of the company for the year ended June 30, 2018 have already been credited to the respective shareholders BO Accounts on Sunday.Spot tradingNitol Insurance Co. Ltd.: Trading of the shares of the company will be allowed only in the spot...

Sensex posts worst weekly close in three months

MUMBAI, Feb 17 (Business Standard): The benchmark indices continued to fall for the seventh straight day. This week, the benchmark indices lost 2.02 per cent, the worst weekly close since October 26, 2018. Market participants said the macroeconomic concerns, disappointing results in the last seven sessions and lingering US-China trade...

IFIC Bank Limited has entered into an agreement with the Western Union

IFIC Bank Limited has entered into an agreement with the Western Union for facilitation of remittance service to the beneficiaries in Bangladesh. Shah A Sarwar, Managing Director & CEO of IFIC Bank Limited, and S.S. Ramanathan, Senior Country Manager, Western Union, South Asia, exchanged the agreement on behalf of their...

Managers' Conference-2019 of Prime Bank

The Managers' Conference-2019 of Prime Bank Limited was held on Saturday at Intercontinental Dhaka. Chairman of the Board of Directors Azam J Chowdhury inaugurated the conference as the chief guest. Managing Director & CEO of the bank Rahel Ahmed presided over the conference

49th AGM of BPC

Md. Shamsur Rahman, Secretary and Chairman of Bangladesh Petroleum Corporation (BPC) and Padma Oil Company Limited, presiding over the 49th annual general meeting (AGM) of the company at 'International Convention Centre in Chattogram on Saturday where Md. Masudur Rahman, Managing Director, and Sohel Abdullah, Company Secretary, were present. The AGM...