Stocks rebounded strongly on Sunday, snapping out of a three-day plunge, as bargain hunters put fresh bets on lucrative shares in anticipation of potential turnaround after reappointment of the securities regulator chairman. Professor Shibli Rubayat-Ul Islam has been reappointed as chairman of t
National Bank continued to be in the red in 2023, weighed down by default loans and higher interest payments against borrowed funds and deposits. However, the amount of losses incurred last year was 54 per cent less to Tk 14.97 billion, compared to the previous year. Accordingly, the earnin
Professor Shibli Rubayat-Ul Islam has been reappointed as the chairman of the Bangladesh Securities and Exchange Commission (BSEC) for another four-year term. Prof Islam is a former dean of the Faculty of Business Studies of Dhaka University. The Financial Institutions Division of the Ministry of
National Bank Ltd, which is currently undergoing the process of merger with the United Commercial Bank, continued to suffer losses in 2023 owing to the waiver in interest due to rising non-performing loans and higher interest expenses on borrowings. The private commercial bank incurred a loss of T
Power Grid Company gained a profit of Tk 2.17 billion in January-March this year, a remarkable turnaround from the loss of Tk 0.5 billion in the same period a year ago. Asif Khan, chairman of EDGE Asset Management, said stability in foreign exchange rates mainly helped the company return to profit
Stocks continued on their downward trajectory this week, with the benchmark equity index plunging below 5,600 mark for the first time in three years despite regulatory efforts to stem the market decline. Panicked by the macroeconomic uncertainty and geopolitical crisis, investors started dum
Startup Bangladesh Limited, a government-backed venture capital (VC) firm, is set to make a strategic investment worth Tk 10 million in Pulse Tech, a local healthcare venture, to expand retail pharmaceutical operation in the country. To this effect, the Startup BD made the formal announcement at a
Bangladesh Export Import Company (BEXIMCO) has announced to commence subscription of 'Beximco 1st Unsecured Zero Coupon Bond' on Sunday (April 28), aiming to collect Tk 15 billion. The bond subscription will continue until May 15, according to a statement published on Thursday. A zero-coupon bond
Reckitt Benckiser (Bangladesh) reported a profit of Tk 151.7 million for January-March this year, almost the same as for the same quarter last year, despite a decline in sales revenue. The UK-based multinational company that sells health and hygiene-related products earned revenue of Tk 1.32 billi
Grameenphone (GP) rose more than 1 per cent to Tk 235 per share on the Dhaka bourse on Thursday after it reported a 72 per cent year-on-year profit growth for the first quarter this year. The leading telecom operator secured a quarterly profit of Tk 13.4 billion in January-March this year, highest
IFIC Bank backtracked on its two-year plan to sell its stake in Nabil Bank of Nepal as policy changes in the South Asian country diminished the possibility of gaining the expected profit from the deal. Instead, it considers keeping its 7.77 per cent share in Nabil Bank, Nepal's number one
The Dhaka bourse on Thursday failed to break out of losing streak despite the regulatory move limiting stocks' daily allowable correction to 3 per cent from 10 per cent. In a market review, EBL Securities said the depressed market observed a further backlash as investors negatively reacted t
The main index of the Dhaka Stock Exchange has gone back to three-year-old levels on the first day after the minimum threshold for share price declines was lowered to prevent the index from falling. On the last business day of the week on Thursday, the DSEX dropped 60 points or 1 per cent to 5,518
