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

Nearly 140 cos raise Tk 27.95b by issuing bonus shares

Nearly 140 companies recommended stock dividends in 2017 to raise an aggregate amount of Tk 27.95 billion in the calendar year.Of the 140 companies, 39 are scheduled to take shareholders' approval of the stock dividend offers at the annual general meetings (AGM) to be held during December 21 to December...

Stocks extend losses on banking shares' slide

Stocks witnessed yet another bearish session on Thursday with a sluggish turnover value as investors were mostly cautious ahead of the year-end drawing near.Market insiders said retail investors remained cautious about fresh exposure to the market, while institutional investors adopted a 'go-slow' strategy as the year-end closing is nearing.The heavyweight...

No PSI as Rupali Life's share price soars

The share price of Rupali Life Insurance Company is soaring without any price sensitive information (PSI).Within one month, the life insurer's share price jumped by more than 32 per cent or nearly Tk 12 to close at Tk 49 on Thursday. The company also figured in the top 10 turnover...

BB asks banks, FIs to connect with NPSB by 2018

Bangladesh Bank (BB) asked on Thursday the all banks and Financial Institutions (FIs) to connect their established Point of Sale (POS) with the National Payment Switch of Bangladesh (NPSB) by December 2018 and to operate the interbank card transactions through NPSB, reports BSS. The central bank instructed the banks and...

GP tops DSE transaction chart

The largest market capitalisation listed company Grameenphone (GP) dominated the Dhaka bourse's transaction chart on Thursday as the top 10 traded companies accounted for 25 per cent of the turnover.Brokers said investors concentrated mostly on shares of the lone listed company from the telecommunication sector throughout the whole session amid...

AB Bank approves 12.50pc stock dividend

The 35th Annual General Meeting (AGM) of AB Bank Ltd was held at a city hotel on Thursday.The AGM approved 12.50 per cent stock dividend for the year ended in 2016, according to a statement. The AGM also adopted directors' report and audited financial statements and appointed Moshtaque Ahmed Chowdhury,...

Anlima Yarn Dyeing approves 10pc dividend

The 22nd Annual General Meeting (AGM) of Anlima Yarn Dyeing Limited was held on the factory premises at Karnapara in Savar on Wednesday.Chairperson of the company Mrs Hubbun Nahar Hoque presided over the meeting. Managing Director Mahmudul Hoque briefed the shareholders about the performance of the company for the year...

DSE/CSE News in Brief (22-12-2017)

DSE NewsDividend disbursementVanguard AML BD Finance Mutual Fund One: The Asset Manager of the Mutual Fund has informed that the cash dividend has disbursed for the year ended on September 30, 2017 to the respective unit holders' bank account through BEFTN on December 18, 2017.Withdrawal of authorised representativesKhurshid Securities Ltd:...

China markets edge up

SHANGHAI, Dec 21 (Reuters): China stocks rose on Thursday, as investors were inspired by Beijing's commitment to maintain steady economic growth next year while deepening structural reforms and curbing financial risks.The Chinese government will push forward with structural supply-side reforms and maintain neutral monetary policy in 2018 as it looks...

News Briefs- (22-12-2017)

Jamuna Bank opens 117th branch in MunshiganjJamuna Bank Ltd opened its 117th branch at Binodpur of Panchashar in Munshiganj recently. Chairman of Jamuna Bank Foundation Nur Mohammed inaugurated the branch as the chief guest. Jamuna Bank Managing Director and CEO Shafiqul Alam presided over the programme. Additional Managing Director Mirza...

24th AGM of Bangladesh Association of Banks

The 24th Annual General Meeting (AGM) of Bangladesh Association of Banks (BAB) was held in the city on Wednesday. Chairman of BAB and EXIM Bank Md Nazrul Islam Mazumder presided over the meeting.

Chairman of Jamuna Bank Foundation Nur Mohammed inaugurating the 117th branch of its Bank

Chairman of Jamuna Bank Foundation Nur Mohammed inaugurating the 117th branch of Jamuna Bank at Binodpur of Panchashar in Munshiganj recently.

Standard Bank Ltd opens its 120th branch at Bhulta

Standard Bank Ltd (SBL) opened its 120th branch at Bhulta in Narayanganj on Wednesday. Vice Chairman of the bank SAM Hossain inaugurated the branch as the chief guest with Managing Director & CEO of SBL Mamun-Ur-Rashid in the chair.

UCB opens its 173rd branch in Manikganj

United Commercial Bank Limited (UCB) opened its 173rd branch in Manikganj on Wednesday. Director of the bank Bazal Ahmed inaugurated the branch as the chief guest.

Director & former vice-chairman of NCC Bank Ltd Khairul Alam Chaklader inaugurating the 109th branch of the bank in Pabna Sadar

Director & former vice-chairman of NCC Bank Ltd Khairul Alam Chaklader inaugurating the 109th branch of the bank in Pabna Sadar on Wednesday. Managing Director & CEO Mosleh Uddin Ahmed presided over the programme.