IPO: Chartered Life

IPO: Chartered Life

Issuer Name: Chartered Life Ltd.
Issue Type: Ordinary Shares
Total fund to be raised through IPO: BDT 150,000,000
Total Number of shares to be offloaded 15,000,000
Face Value: BDT 10 each share
Subscription Opens: 25th September
Subscription Closes: 29th September

IPO: Navana Pharmaceuticals Limited

IPO: Navana Pharmaceuticals Limited

Cut off date for minimum investment: September 5th, 2022
Minimum Investment in listed securities: BDT 50,000. For NRB, BDT 100,000
Subscription amount: BDT 10,000
Subscription Period: 13th September to 19th September.

For further details please refer to the IPO Summary and Prospectus below.

IPO: Meghna Insurance

IPO: Meghna Insurance

Issuer Name: Meghna Insurance Company Limited
Issue Type: Ordinary Shares
Total Fund to be raised through IPO: BDT 160,000,000
Total Number of Shares to be offloaded: 16,000,000
Face value: BDT 10 each share

Khulna Power to sell 110MW plant

Khulna Power to sell 110MW plant

Khulna Power Company Limited (KPCL) is set to sell its 110 megawatt barge mounted power plant at a value of $15 million, according to a company statement posted on the Dhaka Stock Exchange (DSE) website yesterday. An asset purchase agreement has been signed between KPCL and Excelerate Global Operations LLC of the US to this end, it said.The company also informed that they have applied […]

Stocks rise for fourth day

Stocks rise for fourth day

The stock index in Bangladesh continued to rise for a fourth consecutive day yesterday while turnover of the market reached nearly Tk 900 crore after 14 working days. The DSEX, the benchmark index of Dhaka Stock Exchange (DSE), rose 20 points, or 0.31 per cent, to 6,683 at the end of the day. In the last four days, the index rose 200 points. Source: The […]

ICB allowed holding over 5% shares of blue-chip firms

ICB allowed holding over 5% shares of blue-chip firms

In a letter to the ICB Managing Director Abul Hossain on Wednesday, the BSEC said the state-owned investment firm can hold more than 5% shares of the blue-chip listed companies.Earlier, ICB had the approval to hold up to 10% shares of any listed firm without prior approval of the regulator, but after Professor Shibli Rubayat-Ul-Islam became the BSEC chairman in 2020, the commission reduced the […]

DSE considering using MFS accounts to bring in new investments

DSE considering using MFS accounts to bring in new investments

The Dhaka Stock Exchange (DSE) is considering setting up beneficiary owner (BO) accounts for people with mobile financial services (MFS) accounts but no traditional bank accounts, so as to increase new investments and the number of investors in the country’s capital market. Source: The Business Standard

Stocks that ruled 2021

Stocks that ruled 2021

Fortune Shoes brought the biggest fortune for stock investors in the Dhaka Stock Exchange (DSE) in 2021. The Barishal-based synthetic footwear exporter, growing in significance in export markets while eyeing a slice of the rapidly expanding local market, saw its share price appreciate 390% in a year, from 15 December, 2020 to 15 December, 2021. This was even before considering the 5% stock and 10% […]

Stocks rally on finance ministry’s meeting call

Stocks rally on finance ministry’s meeting call

Source: The Business Standard Indices of both stock exchanges jumped as investors rushed to buy scripts following the news that the finance ministry called a meeting with the heads of the central bank, securities regulator, and revenue board over the capital market situation. On Thursday, the broad-index DSEX of the Dhaka Stock Exchange (DSE) rose 89 points or 1.30% to reach 6,936, while the blue-chip […]

Stocks continue upward trend

Stocks continue upward trend

Source: The Daily Star The stock market continued to rise today thanks to the higher demand for bank stocks The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 12 points, or 0.17 per cent, to 7,103 points untill 12 pm.In the last four days, the index has been on a rising trend.At the DSE, 131 stocks advanced, 212 declined and 14 remained […]