• Thursday, December 18, 2014

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Dhaka Stock Exchange

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...

Stocks return to black after three days in red

Stocks broke a three-day losing streak to return to the black yesterday, riding on investors' buying into large-cap firms. DSEX, the benchmark general index of the Dhaka Stock Exchange, gained 23 points or 0.52 percent, to close at 4,564. The shariah index of the Dhaka bourse, closed at 1,063 points after gaining 2.87 points or 0.27 percent. Recent momentum in multinational companies and fast-moving consumer goods continued to support markets following the uptrend witnessed throughout much of the past two weeks, said...

DSE halts trade of Shahjibazar for unusual price hike

DSE halts trade of Shahjibazar for unusual price hike

The Dhaka Stock Exchange management yesterday suspended trading of Shahjibazar Power Company shares indefinitely owing to unusual price hike of the newly-listed firm. “Pursuant to BSEC's investigation and recent unusual price movement of the company, the DSE, in the greater interest of investors and the capital market, has decided to suspend the trading of Shahjibazar Power with effect from today [yesterday] until further decision,” the bourse said in a web posting. The premier bourse also enquired the power generation company if there was any undisclosed price-sensitive information behind the unusual hike since the listing on July 15, to which the company answered in the negative. Earlier on July 31, the Bangladesh Securities...

Turnover hits six-month high

Turnover hits six-month high

Turnover on the Dhaka Stock Exchange hit a six-month high yesterday with the stocks ending in black for the fifth consecutive session, implying an increased interest in buying. Turnover, the most important indicator of the market, advanced almost 30 percent to Tk 763.90 crore, also crossing the Tk 700 crore level for the first...

Stocks end positive on better half-yearly data

Stocks closed positive for the second week as better than expected half-yearly earnings declarations lure investors to pour money in the market. Week-on-week, DSEX, the key index of the Dhaka Stock Exchange, ended the day at 4,427.16 points, after gaining 35 points or 0.80 percent. It was the last trading week on the premier bourse before a nine-day Eid vacation. LankaBangla Securities said: “The market seems to be getting back some sort of momentum helped by good corporate earnings of listed...

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