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

Stocks end flat in cautious trading

Stocks finished almost flat on Wednesday, a day after the index booked the highest single-session rally in six months, as investors stayed cautious amid market volatility. DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,077, registering a fractional loss of 0.46 point over the previous day.The...

Summit Technopolis signs deal with NetWorld Holdings

The NetWorld Holdings signed an agreement with Summit Technopolis recently to build a facility that will print Magnetic Ink Character Recognition (MICR)-encoded cheque book on two acres of land at Bangabandhu Hi-Tech City in Kaliakoir, Gazipur, said a statement. Under the agreement, Summit Technopolis, a company of Summit Group, will...

BSEC asks DSE to take steps for Coppertech listing

The securities regulator has asked the premier bourse to take steps for the listing of Coppertech Industries as per the section 5(4) of the listing regulations.The Bangladesh Securities and Exchange Commission (BSEC) also asked the Dhaka Stock Exchange (DSE) to inform them (regulator) within 10 working days about what steps...

Uttara Bank's EPS soars 85pc in H1

The earnings per share (EPS) of Uttara Bank soared 85 per cent in January-June period of 2019, compared to the same period in the previous year.The bank's consolidated EPS for the six-month period stood at Tk 2.50 as against Tk 1.35 for January-June 2018, registering an increase of 85 per...

Trust Bank to collect Titas Gas bills

Trust Bank Limited (TBL) has signed an agreement with Titas Gas Transmission & Distribution Company Limited (TGTDCL) recently for gas bill collection, said a statement. Junaid Masroor, Deputy Managing Director and COO of TBL, and Mahmudur Rab, Secretary/General Manager of TGTDCL, signed the agreement on behalf of their respective organisations....

Ten companies grab 26pc turnover on DSE

The ten most traded companies accounted for 26 per cent transactions on the Dhaka Stock Exchange (DSE) on Wednesday, with Square Pharmaceuticals bagging the top spot on the turnover chart.Market analysts said investors got interested in Square Pharma shares amid expectations for high dividend declaration as the company's year-end is...

Heidelberg’s EPS turns negative in Apr-Jun quarter

The earnings per share (EPS) of Heidelberg Cement Bangladesh has turned negative in the April-June quarter due to higher cost of goods sold and lower financial income.The cement manufacturer's consolidated earnings per share came down to negative Tk 0.72 for April-June 2019 as against Tk 4.21 for April-June 2018, according...

BSEC launches online report submission platform

The securities regulator has introduced an online report submission platform to facilitate the submission of market intermediaries' reports to the regulator.Chairman of the Bangladesh Securities and Exchange Commission (BSEC) Prof M Khairul Hossain inaugurated the platform at a programme at the BSEC office on Wednesday.Representatives of different merchant banks, brokerage...

LankaBangla signs deal with Zantrik

LankaBangla Finance Ltd. (LBFL) signed a memorandum of understanding (MoU) with Zantrik Ltd. recently for its customer privilege, said a statement.Khurshed Alam, Head of Retail Business of LBF and Farhana Chowdhury, Chairman of Zantrik Ltd signed the MoU on behalf of their respective organisations.Under the MoU, LBFL Card members will...

Sensex extends decline to fifth day

Indian domestic markets ended Wednesday's trading session with losses as weak corporate earnings and sluggish economic outlook dented investors' sentiment, reports business-standard.com. Indices slipped for the fifth session in a row dragged by metals, banking and automobile stocks.The benchmark S&P BSE Sensex closed at 37,848 level, down 135 points, or...

Dr Haider Ali re-appointed EXIM Bank MD

Dr Haider Ali Miah Export Import Bank of Bangladesh Limited re-appointed Dr Mohammed Haider Ali Miah as the Managing Director, effective from today. He has been performing this duty since 2012, said a statement.Dr Haider started off his banking career in 1984 as a probationary officer. Afterwards, he joined EXIM...

News Briefs (25-07-2019)

Delta Life Ins approves 26pc cash dividendThe 33rd annual general meeting (AGM) of Delta Life Insurance Company Limited approved 26 per cent cash dividend for the year 2018. Chairman of the board of directors Lt. Gen. M. Noor Uddin Khan (Retd.) presided over the meeting held on Wednesday. The shareholders...

Chairman of Delta Life Insurance

Chairman of Delta Life Insurance Company Limited Lt. Gen. M. Noor Uddin Khan (Retd.), Chief Executive Officer Adeeba Rahman, directors and senior executives of the company seen on the dais at the 33rd annual general meeting of the company on Wednesday

Woori Bank

Woori Bank, Bangladesh awarded five of its employees the 'Integrity Award' under different categories. The photo shows Jeong Ho Choi, General Manager and Country Manager of the bank, posing with the winners at the bank's strategic conference recently