• Monday, March 02, 2015

  • edailystar
  • 2015/01/17/ad_1421494947.jpg
  • ROBI

Dhaka Stock Exchange

Stocks break losing streak

Stocks break losing streak

Stocks returned to the black yesterday, breaking a two-day losing streak, as investors placed buy orders of shares and mutual fund units amid political strife. DSEX, the benchmark general index of the Dhaka Stock Exchange, went up 30.93 points or 0.65 percent, to close at 4,800.41. DSES, the shariah index of DSE, rose 4.04...

Stocks fall for second day amid sell-offs

Stocks fall for second day amid sell-offs

Stocks declined for the second day as investors sold off scrips yesterday to bag profits amid continued political strife. DSEX, the benchmark general index of the Dhaka Stock Exchange, fell 61.71 points or 1.28 percent to close at 4,769.47. DSES, the shariah index of Dhaka bourse, fell 14.64 points or 1.28 percent to close...

Beximco Pharma secures $51.6m from German bank

Beximco Pharmaceuticals will borrow about $51.6 million from Frankfurt-based BHF-Bank Aktiengesellshaft to expand its production. The local drug maker, a unit of business conglomerate Beximco Group, struck a loan deal with the German bank, according to a posting on the Dhaka Stock Exchange website yesterday. Beximco Pharma has also received approval from the Board of Investment of Bangladesh to raise the fund, which will be utilised to partially finance a new plant and machinery purchase. The loan will come at an interest...

Tk 1,000cr through IPOs despite slow markets

Tk 1,000cr through IPOs despite slow markets

Seventeen new securities went public on the Dhaka Stock Exchange in 2014, roping in about Tk 1,000 crore through initial public offerings. Most of them were low-cap companies, and some even presented false financial data in their prospectuses, which raised questions about the quality of the IPOs. Bangladesh Securities and Exchange Commission suspended the IPO subscriptions of Khulna Printing and Packaging (KPP), and fined FAR Chemicals and Shahjibazar Power Company for fabricating information. However, KPP later completed the process after a court order. “Any company, large or small, is welcome to get listed on the market, provided that it has strong fundamentals. But in recent times, many companies got involved in irregularities before...

DSE revises stock trading charges

The Dhaka Stock Exchange yesterday revised its charges on stock trading in the backdrop of a jump in the number of trades following the introduction of a lot-free share transaction system last week. There will be no 'hawla' charge from today, in line with the modification, but investors will have to pay 'laga' charges at a rate of 0.03 percent on total turnover instead of a 0.02 percent rate. The 'hawla' charge refers to the fees on the completion of a...

DSE launches new trading system today

Dhaka Stock Exchange is set to introduce a new and fast automated trading system today that will ensure smooth share transactions as well as mitigate some existing problems. There were a lot of allegations against the existing trading system, which was introduced two years back, Swapan Kumar Bala, managing director of DSE, said at a press briefing at the bourse's premises yesterday. An internal probe body as well as the Bangladesh Securities and Exchange Commission suggested replacing the existing trading...

GP profit falls in third quarter

Grameenphone's net profit slipped 6.86 percent year-on-year to Tk 534.53 crore in the July-September period, according to the Dhaka Stock Exchange. The mobile operator saw Tk 573.94 crore in net profit in the same period last year, buoyed by the sales proceeds of Tk 100 crore that it received through the sale of 51 percent stake of Grameenphone IT, a subsidiary, to the global software company, Accenture. The operator's revenue grew 6.10 percent to Tk 7,674 crore in the first nine...

Stocks break two-day losing spell

Stocks returned to the black yesterday, breaking a two-day losing streak, as investors went on a buying spree amid optimism. DSEX, the benchmark general index of the Dhaka Stock Exchange, gained 22.5 points or 0.42 percent, to close at 5,315. The shariah index, DSES, of the premier bourse, rose 8.67 points or 0.69 percent, to close at 1,248. Having optimistic support of large-cap stocks, the market reversed last two sessions' correction mood, IDLC Investments said. Meanwhile, investors started rebalancing portfolios ahead of...

Tax receipts from stocks soar 70pc

Tax receipts from stocks soar 70pc

The government's tax earnings from the stockmarket soared 70 percent year-on-year last month, mainly due to a rising trend in turnover. The government earned Tk 17.58 crore in taxes in September, up from Tk 10.33 crore in the same month last year, according to data from Dhaka Stock Exchange. The daily average turnover on the...

Bangladesh's apex group emerges as shoemaker to world

Bangladesh's apex group emerges as shoemaker to world

To see a different face of Bangladesh manufacturing, a country that has earned notoriety with its ready-made garment plants, one drives 25 miles north of Dhaka city to Gazipur district. Amid a predominantly industrial enclave of garment makers is a 24-acre site where 5,500 workers, mostly women, are busy stitching not clothes but...

ICC Cricket World Cup Beta Version Super Chef
2015/01/30/ad_1422559481.gif
concord

Ads by Google

  • edailystar

Ads by Google

Amor Ekushey 2015
wide angle
Promoting Knowledge