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Struggling bank stocks keep market muted

Dhaka stocks inched up for the second day in the new year on Thursday as struggling bank scrips kept the market muted. DSEX, the prime index of Dhaka Stock Exchange, advanced by 0.13 per cent, or 6 points, to close at 4,459.29 points on Thursday, after inching up by 0.35 [...]

Shakil, Shahjahan elected Dhaka Stock Exchange directors

Shakil Rizvi Stock managing director Shakil Rizvi and Jahan Securities managing director Mohammad Shahjahan were on Sunday elected shareholder-directors of the Dhaka Stock Exchange for a three-year tenure. According to the result declared by the Dhaka Stock Exchange election commission, 178 out of the 259 voters cast their votes for [...]

Dhaka stocks take breather after relentless rout

Dhaka stocks advanced on Thursday to end a three-day losing spell as a section of investors went for bargain hunting to arrest the relentless fall in share prices while the others remained cautious. Dhaka stocks , the key index of Dhaka Stock Exchange, gained 0.88 per cent, or 38.88 points, [...]

Saudi Aramco market value touches $2t

Saudi Aramco hit the $2 trillion target sought by Saudi leader crown prince Mohammed bin Salman on Thursday as its shares clocked up a second day of gains, defying some scepticism about the state-owned oil firm’s long-term value. Aramco’s shares closed at 36.8 Saudi riyals on Thursday, putting the company’s [...]

Kamal laments protests against stock market fall

Finance minister AHM Mustafa Kamal on Wednesday said that there was no similarity between the stock market in Bangladesh and those in other countries. The stock markets in other countries do not witness any investors’ demonstration if the markets drop to bottom, Mustafa Kamal told reporters after chairing meetings of [...]

Indonesia likely to record trade deficit in November

Indonesia trade balance is likely to have returned to a deficit in November after a surprise surplus in the prior month, a Reuters poll showed on Friday. The median forecast of 11 economists in the poll was for a trade deficit of about $130 million in November, following a revised [...]

Investors to get SMS alerts on BO AC activities

Stock market investors would soon be automatically notified through short messaging service (SMS) about activities related to opening and closing of beneficiary owner accounts or changing of names, mobile numbers, bank and bank accounts. The market regulator, Bangladesh Securities and Exchange Commission, on Tuesday approved a proposal from the Central [...]

ICB proposes Citi Group as partner for issuance of $500m bond

State-owned Investment Corporation of Bangladesh has proposed Citi group Global Markets as its partner for raising $500 million from the international market by issuance of bond. ICB managing director Abul Hossain say that the proposal was submitted to the Power Division last month as the fund would be used for [...]

Global stock market rise sharply in 2019

Global Stock markets mostly retreated Tuesday in shortened end-of-year sessions, but rose sharply overall in 2019 thanks to late surges on receding recession fears and easing China-US trade war tensions. London’s benchmark FTSE 100 index closed down 0.6 per cent from the previous session — but jumped 12.1 per cent [...]