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 […]

Price index crossing 7,000 mark not risky yet: BSEC chairman

Price index crossing 7,000 mark not risky yet: BSEC chairman

The stock market’s current price index that crossed 7,000 points is not risky, rather there is more room for it to go up, given the price-to-earnings ratio, said Professor Shibli Rubayat-Ul-Islam, Chairman of the Bangladesh Securities and Exchange Commission (BSEC). The commission is not concerned about the bank’s overexposure to stocks as the market is not now driven by the banking sector, the BSEC chairman […]

Stocks jump for cuts in bond, savings interest rates

Stocks jump for cuts in bond, savings interest rates

Shares on the Dhaka Stock Exchange rose for the second consecutive day yesterday thanks to the investors’ sustained optimism and a cut in the interest rate on savings certificates and wage-earners development bonds.The DSEX, the benchmark index of the premier bourse in the country, advanced 52 points, or 0.73 per cent, to close the day at 7,258.The gain took the index to its highest level, […]

BB rates Brac Bank as one of top 10 sustainable banks

BB rates Brac Bank as one of top 10 sustainable banks

Brac Bank has been named one of the top 10 sustainable banks of Bangladesh based on its performance during the pandemic last year.  Bangladesh Bank’s Sustainable Finance Department (SFD) prepared a list of top 10 sustainable banks and five non-bank financial institutions (NBFIs) based on their performances and published their names on its website based on a rating, said a press release. This is the […]