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Lafarge Surma organises Halkhata in Gazipur

The country’s leading cement manufacturer Lafarge Surma Cement Limited organised Halkhata in Gazipur on January 26, said a press release.
Lafarge in cooperation with its exclusive distributor R Trading organized the programme where the cement producer also awarded 17 retailers of the district for their last year’s performance.
Mr K. Swaminathan, the commercial director, Gopal C Ghosh, the finance controller, and other high officials of Lafarge Surma Cement were present at the function.
Around 300 retailers attended programme which was followed by a cultural show and raffle draw.

Dhaka stocks close downbeat

Staff Correspondent
Dhaka stocks finished Thursday downbeat after posting a gain in the previous day in a volatile trading amid a downtrend at the market in recent weeks, market operators said.
The general index of Dhaka Stock Exchange lost 3.93 points, or 0.15 per cent, to close at 2649.49, while its blue chips index, DSE20, shed 6.14 points...read more

Stocks end nearly flat

Dhaka stocks ended the week virtually unchanged with investors wandering from one sector to another looking for profit...read more

Beximco Pharma down in London trade

Prices of global depository receipts (GDRs) issued by Beximco Pharmaceuticals fell by around 47 percent at the Alternative Investment Market of London Stock...read more

ABBANK

The Bank has informed that the Board of Directors of the Bank has resolved that the Authorized Capital of the Bank be increased to Tk. 600,00,00,000/- (Taka Six hundred crore) divided into 6,00,00,000 (six crore) ordinary shares of Tk. 100/- each from the exiting Tk. 300,00,00,000/-(Taka Three hundred crore) subject to the approval from Bangladesh Bank and other regulatory authorities. The Board has also approved necessary amendments to relevant clauses/articles of the Memorandum and Articles of Association of the Bank.

un-audited half yearly

SONALIPAPR

As per un-audited half yearly accounts as on 31.12.08, the Company has reported net profit of Tk. 0.92 m. with EPS of Tk. 0.10 as against last year's half yearly net loss of Tk. (3.57) m. and EPS of Tk. (0.39). Accumulated loss of the Company was Tk. (114.27) m as on 31.12.08.

AL-HAJTEX

As per un-audited half yearly accounts as on 31.12.08, net loss of the Company was Tk. (7.56) m. with diluted EPS of Tk. (1.08) as against last year's half yearly net profit of Tk. 6.88 m. and EPS of Tk. 0.98 (restated). Accumulated loss of the Company was Tk. (6.96) m. as on 31.12.08.

NPOLYMAR

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 10.02 m. with EPS of Tk. 37.37 as against last year's half yearly of Tk. 6.05 m. and Tk. 22.57 respectively.

APEXWEAV

As per un-audited half yearly accounts as on 31.12.08, the Company has reported net loss of Tk. (47.22) m. with EPS of Tk. (12.15) as against last year's half yearly profit after tax of Tk. 9.22 m. and EPS of Tk. 2.37 (restated). Accumulated loss of the Company was Tk. (42.58) m. as on 31.12.08.

FUWANGCER

As per un-audited half yearly accounts as on 31.12.08, the Company has reported net loss of Tk. (1.09) m. with EPS of Tk. (0.36) as against last year's half yearly profit after tax of Tk. 8.67 m. and EPS of Tk. 2.89.

MIRACLEIND

As per un-audited half yearly accounts as on 31.12.08, the Company has reported net loss of Tk. (27.14) m. with EPS of Tk. (1.37) as against last year's half yearly net profit of Tk. 12.12 m. and EPS of Tk. 0.61.

DAFODILCOM

As per un-audited half yearly accounts as on 31.12.08, profit after tax of the company was Tk. 9.80 m. with diluted EPS of Tk. 0.48 as against last year's half yearly of Tk. 7.21 m. and Tk. 0.35 (restated) respectively.

QSMDRYCELL

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 20.03 m. with EPS of Tk. 1.04 as against last year's half yearly of Tk. 10.66 m. and Tk. 0.56 respectively.

AGNISYSL

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 14.57 m. with EPS of Tk. 0.80 as against last year's half yearly of Tk. 9.88 m. and Tk. 0.54 (restated) respectively.

PRIMETEX

As per un-audited half yearly accounts as on 31.12.08, the Company has reported net profit of Tk. 20.53 m. with EPS of Tk. 5.37 as against last year's half yearly of Tk. 24.96 m. and Tk. 6.54 respectively.

DSHGARME

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 0.18 m. with EPS of Tk. 0.54 as against last year's half yearly of Tk. 0.29 m. and Tk. 0.85 respectively.

LIBRAINFU

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 2.91 m. with EPS of Tk. 23.22 as against last year's half yearly of Tk. 3.43 m. and Tk. 27.39 respectively.

USMANIAGL

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 26.88 m. with EPS of Tk. 47.26 as against last year's half yearly of Tk. 23.65 m. and Tk. 41.58 respectively.

SAIHAMTEX

As per un-audited half yearly accounts as on 31.12.08, the Company has reported net profit of Tk. 3.56 m. with EPS of Tk. 2.85 as against last year's half yearly of Tk. 5.29 m. and Tk. 4.23 respectively.

GRAMEEN1

As per un-audited half yearly accounts as on 31.12.08, the Fund has reported net profit of Tk. 12.83 m. with earning per unit of Tk. 0.75 as against last year's half yearly of Tk. 7.13 m. and Tk. 0.42 respectively as on 31.12.07. The Fund has also informed that figures of December 2007 has been readjusted.

GRAMEENS2

As per un-audited half yearly accounts as on 31.12.08, the Fund has reported net profit of Tk. 80.70 m. with earning per unit of Tk. 0.65.

AIMS1STMF

As per un-audited half yearly accounts as on 31.12.08, the Fund has reported net profit of Tk. 18.39 m. with earning per unit of Tk. 0.11 as against last year's half yearly of Tk. 7.87 m. and Tk. 0.05 respectively as on 31.12.07. The Fund has also informed that figures of December 2007 has been readjusted.

NTLTUBES

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 13.84 m. with diluted EPS of Tk. 10.14 as against last year's half yearly of Tk. 17.44 m. and Tk. 12.78 (restated) respectively.

MIDASFIN

As per un-audited half yearly accounts as on 31.12.08, the Company has reported net profit of Tk. 26.71 m. with EPS of Tk. 7.59 as against last year's half yearly of Tk. 30.65 m. and Tk. 8.70 (restated) respectively.

Asian stocks rise

Asian stocks rose in quiet trade Tuesday as dealers took a lead from a jump on Wall Street and some rare positive economic data from the United States amid a slew of...read more

Stocks fall for second day

Dhaka stocks slid for a second day in what market analysts said was irrational behaviour.

"There's no reason for the market to trade bearish," an analyst said. "No fundamentals are working in the market."...read more

HRTEX

The Board of Directors has recommended cash dividend @ 8.50% for the year ended September 30, 2008. Date of AGM : 23.03.09, Time: 10:30 AM, Venue: Trust Milonayaton, 545, Old Airport Road, Dhaka Cantonment, Dhaka-1206. Book Closure: 20.02.09 to 23.03.09.

JAMUNAOIL

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 225.88 m. with EPS of Tk. 5.02 as against last year's half yearly of Tk. 103.99 m. and Tk. 2.31 respectively.

BDWELDING

The Board of Directors of the company has approved the Price Sensitive Information as under: The Board of Directors in its meeting held on 27.01.09 has been informed by 5 (five) Sponsors Shareholders namely Mrs. Hosne Ara Khan, Mr. Aminur Reza Khan, Mr. A. R. Khan, Mr. Kazi Anwar Ahmed and Mrs. Nahreen Mahmud that they have entered into an agreement through a MOU with ICB to sell their entire holdings of 35,92,500 shares of Tk. 10.00 each out of 1,04,00,000 paid-up shares of the company outside the trading floor of the Exchanges. The MOU also stipulates that ICB will induct 03 (three) Directors and will hold the position of Chairman of the Board. The above arrangement of selling-buying of shares is subject to the approval of SEC and other concerned authorities.

MONNOCERA

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 1.05 m. with EPS of Tk. 0.78 as against last year's half yearly of Tk. 3.60 m. and Tk. 2.67 respectively.

STANCERAM

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 0.35 m. with EPS of Tk. 0.60 as against last year's half yearly of Tk. 0.63 m. and Tk. 1.08 respectively..

RAHIMTEXT

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 4.23 m. with EPS of Tk. 23.25 as against last year's half yearly of Tk. 4.11 m. and Tk. 22.56 respectively.

FINEFOODS

As per un-audited half yearly accounts as on 31.12.08, the Company has reported net profit of Tk. 0.43 m. with EPS of Tk. 0.06 as against last year's half yearly net loss of Tk. (0.60) m. and EPS of Tk. (0.09).

DESCO

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 582.54 m. with EPS of Tk. 45.83 as against last year's half yearly of Tk. 493.67 m. and Tk. 38.84 respectively.

AMCL(PRAN)

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit before tax of Tk. 21.32 m. as against last year's half yearly of Tk. 19.14 m.

JUTESPINN

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 1.84 m. with EPS of Tk. 10.80 as against last year's half yearly profit before tax of Tk. 5.06 m. Accumulated loss of the Company was Tk. (7.93) m. as on 31.12.08.

POWERGRID

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 950.33 m. with EPS of Tk. 26.08 as against last year's half yearly of Tk. 720.52 m. and Tk. 19.77 respectively.

BDAUTOCAR

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 1.34 m. with EPS of Tk. 4.12 as against last year's half yearly of Tk. 1.21 m. and Tk. 3.75 respectively. Accumulated loss of the Company was Tk. (31.29) m as on 31.12.08.

KEYACOSMET

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 45.07 m. with EPS of Tk. 1.56 as against last year's half yearly of Tk. 44.79 m. and Tk. 1.56 respectively.

KEYADETERG

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 27.77 m. with EPS of Tk. 1.55 as against last year's half yearly of Tk. 27.66 m. and Tk. 1.55 respectively.

SOUTHEASTB

The Bank has informed that the Board of Directors has decided to increase the Authorized Share Capital of the Bank from Tk. 350.00 crore to Tk. 1,000.00 crore subject to the approval from the Regulatory Authorities and the Shareholders in the EGM. The date and venue of the EGM to be notified later. The Board has also approved to purchase floor space of 15,351 Sft. at 5th Floor in Eunoos Trade Center, 52-53, Dilkusha C/A, Dhaka at the negotiated price of Tk. 12,000/- per Sft. for Office space.

SAMORITA

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 6.98 m. with EPS of Tk. 10.58 as against last year's half yearly of Tk. 8.05 m. and Tk. 12.20 respectively.

SAVAREFR

As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 0.10 m. with EPS of Tk. 0.78 as against last year's half yearly of Tk. 0.46 m. and Tk. 3.29 respectively.

SALEHCARPT

SEC has fined Mrs. Dilara Begum, (Chairperson/Director), Mrs. Shamim Ara Begum (Managing Director), Mr. Rezaul Karim (Director), Mr. Badrul Haque (Director) of Taka 1.00 lac each for non-compliance of Securities related Laws in connection with non-submission of monthly shareholding position of the company during October 2007 to May 2008.

RASPITDATA

(Suspended): SEC has fined Mr. Md. Abdur Razzak (Chairman/Managing Director/Director) and Mr. Md. Ashraful Alam (Director) of Taka 1.00 lac each for non-compliance of Securities related Laws in connection with non-submission of monthly shareholding position of the company during October 2007 to May 2008.

Dhaka stocks fall again

United News of Bangladesh . Dhaka

The Dhaka Stock Exchange registered fall on Monday after gaining in two consecutive days as the prices of shares fell across the board....read more

Stocks slip back into losses

Dhaka stocks treaded back into the red yesterday, driven by the profit-taking sales of shares that capped a two-day rally.

Shares of most companies that gained over the previous few days traded down on the Dhaka Stock Exchange (DSE).

Some analysts however said investors' shakiness and confusion about the market were the reason behind bearish trade.

“Despite having interest in the market, the investors are still in confusion. Their confidence is running low,” said Yawer Sayeed, managing director of AIMS of Bangladesh.

The benchmark index, DSE General Index, fell 26.12 points, or 0.97 percent, to 2,662.04 points. The DSE All Share Price Index also declined 21.79 points, or 0.97 percent, to 2,202.72 points.

Although the market started positively by gaining about 7 points in opening trade, it soon started sliding. By the 60-minute mark, the net loss of the day stood at about eight points.

In the next 45 minutes, the market gained around 13 points. Later, DGEN traded down for the rest of the day.

Of the 254 traded securities on the DSE, 66 advanced, 181 declined and seven remained unchanged.

A total of 2,45,94,615 shares worth Tk 283.01 crore changed hands on the premier bourse.

Beximco Pharma topped the turnover leaders on the DSE with 21,40,650 traded shares worth Tk 36.05 crore. The other turnover leaders were Beximco, Shinepukur Ceramics, Summit Power, British American Tobacco, AIMS 1st Mutual Fund, Summit Alliance Port, Aftab Automobiles, Grameen Mutual Fund One: Scheme Two and BSRM Steels.

Chittagong stocks also recorded a fall. The CSE Selective Categories Index dropped 50.25 points, or 0.93 percent, to 5,320.2 points. The CSE All Share Price Index also slid 72.26 points, or 0.87 percent, to 8,181.04 points.

A total of 42,78,052 shares worth Tk 35.38 crore changed hands on the Chittagong Stock Exchange. Of the 151 traded scrips on the port city bourse, 38 advanced, 109 declined and four remain unchanged.

Beximco Pharma topped the turnover leaders on the CSE with 2,51,750 traded shares worth Tk 4.22 crore. The other turnover leaders were Beximco, Shinepukur Ceramics, AIMS 1st Mutual Fund, BSRM Steels, Grameen Mutual Fund One: Scheme Two, Summit Power, Titas Gas, Eastern Housing and AB Bank.

Beximco Pharma to raise Tk 460cr from GEM

Beximco Pharmaceuticals Limited (BPL) yesterday announced a subscription agreement with GEM Global Yield Fund Limited (GEM Global), USA to raise Tk 460 crore by issuing its shares or warrants.

Bangladesh's pharmaceutical giant approved the issuance of ordinary shares aggregating up to Tk 410 crore and warrants worth Tk 50 crore to GEM, according to a press statement.

The company intends to utilise the capital for its BMRE, diversification and working capital.

“The move is testimonial of international of foreign fund manager to Bangladeshi market and reflects the tremendous confidence shown by foreign investors to Bangladeshi market," said Salman F Rahman, vice chairman of Beximco Group.

The shares of BPL will be issued under the variable pricing method at 90 percent of the average market value on Dhaka Stock Exchange Limited (DSE), whereas the warrants will be issued at Tk 200 per warrant/share.

The shares/warrants will be issued to GEM under the Companies Act 1994, subject to approval of its shareholders in their extraordinary general meeting (EGM) and the approval of the Securities and Exchange Commission.

Beximco Pharma expects to increase its turnover and net profit to Tk 1,006 crore and Tk 203 crore respectively in 2010 as most of the additional turnover and profit comes from exports.

Grameen Mutual Fund floats 3rd scheme this year

The third scheme of Grameen Mutual Fund One will be floated this year following the success of earlier two schemes, a move that will strengthen the mutual fund's contribution to the country's stock market...read more

Dhaka stocks gain for 2nd day

Dhaka stocks on Sunday gained for the second trading day with investors’ participation on the rise, market operators
said.
The general index of Dhaka Stock Exchange gained 17.11 points, or 0.64 per cent, to close at 2688.17, while its blue chips index, DSE20, advanced by 22.04 points, or 1.01 per cent, to finish at 2211.25.
A merchant bank official said the market
saw a buying spree of investors who bought shares to avail themselves of the lower prices of securities after recent weeks’ price fall.
The market, however, witnessed fluctuating movements of price indices on the day, he said.
Market analysts said the market had gained some sort of steadiness since the Securities and Exchange Commission held a market-review meeting with merchant banks and stock exchanges.
The stock market regulatory body convened the meeting on Tuesday following a demonstration staged by a group of retail investors in front of the DSE building on Monday amid a continuous fall in share prices.
Of the total 250 issues traded on the DSE on Sunday, 147 advanced, 98 declined, and five remained unchanged.
Turnover at the DSE increased to Tk 271.23 crore from the Thursday’s Tk 244.62 crore.
Beximco Pharmaceuticals topped the turnover leaders with a total transaction of Tk 25.10 crore.
ACI, Beximco, Shinepukur Ceramics, Summit Power, ACI Formulations, Titas Gas, Summit Alliance Port, Aftab Automobile, and Uttara Bank were the rest of the top 10 turnover leaders of the day.
Chittagong stocks also posted a gain for the second consecutive trading day on Sunday.
The selective categories index of Chittagong Stock Exchange gained 13.23 points, or 0.25 per cent, to close at 5370.46, while its blue chips index, CSE30, advanced by 19.43 points, or 0.28 per cent, to finish at 7027.76.
Of the total 150 issues traded on the CSE floor, 74 posted gains, 70 dropped, and six remained unchanged.
Turnover at the CSE, however, decreased slightly to Tk 32.68 crore from the Thursday’s Tk 33.13 crore.

5 sponsor directors to quit BD Welding

Five sponsor directors of a listed company, Bangladesh Welding and Electrodes (BD Welding), have sought to quit the company, officials said.

The sponsors, who are also close relative to each other, have already sent a proposal to the state-run Investment Corporation of Bangladesh (ICB) to buy their shares outside the trading floor of the stock exchanges.

These sponsors are AR Khan, founder of BD Welding, Hosne Ara Khan, wife of AR Khan, Aminur Reza Khan, son of AR Khan, Nahreen Mahmud, sister of AR Khan, and Kazi Anwar Ahmed, husband of Nahreen Mahmud.

The five sponsors hold 35,92,500 shares out of 1,04,00,000 shares of the company.

People close to the sponsors said AR Khan, who is the key person behind the management of the company, is an aged person of 90 years and sick.

Now he wants to transfer his and his relatives' sponsorship to a strong managerial person or company like ICB.

Transfer of the sponsorship is however subject to the approval of Securities and Exchange Commission and other regulatory authorities.

“We have received the proposal from the sponsor directors of BD Welding and we are now studying the proposal as well as the company's business performance,” said Ziaul Haque Khondker, managing director of ICB.

Excluding the five sponsor directors, BD Welding, which was listed with the stock exchanges in 1999, has three other sponsors/directors.

The sponsors and directors hold 48.08 percent stakes in the company, while institutions hold 6.93 percent stakes and general investors hold 44.99 percent shares.

As per the half yearly financial report posted on the Dhaka Stock Exchange website, the company made a net profit of Tk 4.09 million as of June 30, 2008.

The company, however, incurred a net loss of Tk 6.99 million in 2007 against Tk 2.43 million in 2006.

Chittagong-based BD Welding, which is being traded under B category on the stock exchanges, mainly produces welding rod and industrial oxygen.

The authorised capital of the company is Tk 150 million and paid up capital is Tk 104 million.

On the DSE yesterday, each BD Welding share of Tk 10 was traded between Tk 40 and Tk 45.

FDI proposals decline

Foreign direct investment (FDI) commitments were the lowest in 2008 both in terms of value and the number of proposals, according to Board of Investment (BoI) data.

Only 13 projects worth $60 million from intended foreign investors were registered with the BoI last year. Canada alone intended to invest about $53 million in one project.

Some 141 projects worth $327 million were registered in 2007.

Registration means an investment commitment by an intending investor, not actual investment. Registration is an official approval for expression of investment intent by an investor.

During registration, an entrepreneur submits an investment proposal to BoI to be implemented in a specified period.

The number of foreign investment proposals registered with BoI in 2006 was 166 worth $1,471 million. The number of proposals was 131 worth $3.8 billion in 2005.

“Investors want stable politics. The years 2007 and 2008 were volatile for domestic and foreign investors,” said a senior BoI official.

Leasing companies demand tax cuts

The Bangladesh Leasing and Finance Companies Association (BLFCA) yesterday demanded cuts in corporate taxes for non-bank financial institutions to help the sector grow and contribute to increased economic activities...read more

BDWELDING

The company has informed that based on the applications of five Sponsors Directors/Shareholders namely Messers A. R. Khan, Hosne Ara Khan, Aminur Reza Khan, Kazi Anwar Ahmed and Nahreen Mahmud are in a process to sell their entire holdings of 35,92,500 shares out of paid-up 1,04,00,000 shares of the company to Investment Corporation of Bangladesh (ICB) outside the trading floor of the Stock Exchanges subject to the approval of SEC and other regulatory authorities.

EAGLESTAR

As per un-audited half yearly accounts as on 31.12.08, the Company has reported net loss of Tk. (18.83) m. with EPS of Tk. (3.57) as against last year's half yearly of Tk. (11.20) m. and Tk. (2.12) respectively. Accumulated loss of the Company was Tk. (196.61) m. as on 31.12.08.

USMANIAGL

SEC has issued show-cause cum hearing notice to the Company, its Directors, Managing Director and Company Secretary for non-compliance with securities related laws in connection with retention of auditor for a consecutive period exceeding three years i.e. for the year ended on June 30, 2008 without the clearance of the Commission.

BDDYE

SEC has issued show-cause cum hearing notice to the Company, its Directors, Managing Director and Company Secretary for non-compliance of SEC's Directive dated July 30, 2008 in connection with the 'Accounts Receivables' of Tk. 36,53,87,314.00 as shown in the audited financial statements for the year ended December 31, 2006.

DSE team calls on commerce minister

A team of the Dhaka Stock Exchange on Thursday called on the commerce minister, Faruk Khan, at his office in the capital.
Saiful Islam, senior vice-president of the DSE, led the 12-member team of the bourse.
‘At the meeting, we have updated the minister on the current position of the country’s stock market,’ Saiful Islam told New Age.
He said the DSE team urged the government to develop the market much more. ‘We have urged him to raise funds from the country’s stock market in implementing large infrastructure projects and to offload shares of more state-owned enterprises on the market,’ he said.
‘The minister has assured us that the government will provide all sorts of supports for further growth of the country’s capital market,’ Saiful said, adding, ‘The minister has also asked us to ensure transparency in the market.’
DSE vice-president Sharif Ataur Rahman, directors Md Abdullah Bokhari, Md Rakibur Rahman, MA Quayum, Nasir Uddin Chowdhury, Md Hanif Bhuiya, Lailun Nahar Ekram, Brig Gen Md Johurul Alam, and chief executive officer (current charge) AFM Shariful Islam, among others, were also on the visiting team.

Dhaka stocks inch upward

Dhaka stocks gained slightly on Thursday amid a volatile trend at the market in recent weeks, market operators said....read more

Stocks end slightly higher

Dhaka stocks ended slightly higher yesterday, driven by sharp gain in the share prices of some state-owned and small market capitalisation companies....read more

Dhaka stocks finish on low note

Dhaka stocks finished mixed on Wednesday owing to a profit-taking selling pressure amid a volatile trading after Tuesday’s a quick-fire surge, market operators said...read more

Dhaka stocks slip

Dhaka stocks fell slightly yesterday amid a spell of confusion that surfaced over the government's pledges about the capital market...read more

ICB to manage IT project under equity fund

The state-owned Investment Corporation of Bangladesh (ICB) is set to manage the IT project under the Equity and Entrepreneurship Fund (EEF)...read more

Stocks return from losses

After a long bearish spell, Dhaka stocks returned from losses yesterday on expectations of a positive outcome from a meeting between the market regulators and merchant bankers.The Securities and Exchange Commission (SEC) sat with the merchant bankers...read more

Dhaka stocks rebound on buying spree

SEC holds meeting with bourses merchant banks
Dhaka stocks rebounded on Tuesday mainly owing to institutional buying after the SEC’s market-review meeting with merchant banks and stock exchanges, said market operators.
The general index of Dhaka Stock Exchange gained 76.34 points, or 2.94 per cent, to close at 2672.65, while its blue chips index, DSE20, advanced by 65.53 points, or 3.09 per cent, to finish at 2183.54.
The Securities and Exchange Commission, stock market regulatory body, held the meeting in the SEC conference room a day after a group of retail investors, frustrated with the continuous fall in share prices, staged demonstration in front of the DSE building.
Before the Tuesday’s rise, the market had dropped for the straight fourth trading day. The market had remained bearish for couple of weeks, said the operators.
DSE stockbrokers said institutional buying pushed the share prices up across the board on Tuesday. The SEC’s meeting also gave a positive signal to the market, they said.
‘In today’s (Tuesday’s) meeting, we have discussed the present market situation,’ the SEC executive director, Farhad Ahmed, told reporters.
He said investors should not be panicky with the downward trend at the market.
‘SEC chairman has communicated with the finance minister, who showed his willingness to visit the commission soon,’ he said.
Representative of the leading merchant banks and stock exchanges were present in the meeting.
Market analysts said the market had been dull in the recent weeks as institutional investors preferred a ‘wait-and-see’ policy while retail investors, dejected by the recent dullness at the market, scurried to sell off their holdings.
Of the total 249 issues traded on Tuesday, 232 advanced, 14 declined and three remained unchanged.
Turnover at the DSE increased to Tk 233.72 crore from the Monday’s Tk 321.40 crore.
Beximco topped the turnover leaders with a total transaction of Tk 21.54 crore.
Shinepukur Ceramics, Beximco Pharmaceuticals, Summit Power, Titas Gas, Jamuna Oil, Uttara Bank, Grameen Two Mutual Fund, Summit Alliance Port and ACI Formulations were the rest of the top 10 turnover leaders on the day.
Chittagong stocks also gained sharply on Tuesday.
The selective categories index at the Chittagong Stock Exchange gained 151.34 points, or 2.90 per cent, to close at 5373.88, while its blue chips index, CSE30, advanced by 217.77 points, or 3.20 per cent, to finish at 7027.05.
Of the total 142 issues traded on the CSE floor, 129 posted gains, 10 dropped and three remained unchanged.
Turnover at the CSE, however, dropped to Tk 37.29 crore from the Monday’s Tk 46.29 crore.

Finance minister to visit SEC soon

As investors await a positive policy direction on the bearish capital market from the new government, Finance Minister AMA Muhit's forthcoming first-ever....read more

DSE investors stage demo as prices fall

Frustrated at the continuous fall in share prices, a group of retail investors on Monday staged a demonstration in front of the Dhaka Stock Exchange building....read more

Shinepukur Ceramics to raise Tk80cr in bonds

Shinepukur Ceramics, a fully export-oriented bone china and porcelain tableware manufacturing company, has decided to borrow Tk 80 crore from its parent company Beximco..read more

Stocks slump as investors seek refuge in Beximco

Dhaka stocks fell sharply yesterday with a trend of investors flocking to Beximco Group shares.Over the past few weeks, the investors have showed interest mainly in...read more

Shinepukur to expand bone china output

Shinepukur Ceramics Ltd has signed a memorandum of understanding with a German company for setting up an expansion unit of bone china...read more

Dhaka stocks drop for 3rd day

Dhaka stocks finished down on Sunday, the third consecutive trading day, in a market that saw continuous price fluctuations amid a downtrend for the last couple of weeks...read more

Dhaka stocks end lower

Dhaka stocks fell on the first trading day of the week, despite the debut of two issues yesterday.The benchmark index of Dhaka Stock Exchange, DSE General Index, dropped 18.38 points, or 0.68 percent, to 2,677.19 points....read more

ACI to raise Tk 130cr in bonds

Advanced Chemical Industries (ACI) Limited has decided to borrow Tk 130 crore through issuing convertible zero coupon bonds for loan repayment and fresh investment...read more

Bear grabs Dhaka stocks for 2nd week

Dhaka stocks dropped last week, extending its bear run for the second consecutive week, amid decreased participation of investors, market operators said.
The general index of Dhaka Stock Exchange lost 65.09 points, or 2.36 per cent,....read more

Trade tops bank loan

The sectoral distribution of bank credit has marked a significant change, with a majority share going for trade financing, central bank data show.

Some 35.4 percent of total bank credit was meant for the trade financing as of September 2008, which was only 18.7 percent in March...read more

Stocks mostly down

Dhaka stocks fell with a topsy-turvy trading yesterday, showing a lack of investors' confidence.

The price fluctuations throughout the day reflected that the investors were yet to get back their confidence fully, according to experts...read more

BB mulls farm credit target for banks

Bangladesh Bank (BB) mulls fixing a farm credit target to boost agriculture production, officials said.“BB is considering a target for private local and foreign commercial banks, as those are reluctant to give farm loans,” a senior central bank official told The Daily Star yesterday.read more

COMPANY NEWS

As per decision of the Board of Directors of DSE, trading of the shares of Republic Insurance Company Limited will start at DSE with effect from January 18, 2009 under 'N' category. DSE Trading Code for Republic Insurance Company Limited is "REPUBLIC" and DSE company code # 25739. Market lot is 50 and Face Value is Tk. 100.00 per share.

COMPANY NEWS

As per decision of the Board of Directors of DSE, trading of the shares of BSRM Steels Limited will start at DSE with effect from January 18, 2009 under 'N' category. DSE Trading Code for BSRM Steels Limited is "BSRMSTEEL" and DSE company code # 13227. Market lot is 50 and Face Value is Tk. 100.00 per share.

ALARABANK

The Bank has informed that the Brokerage House of Al-Arafah Islami Bank Ltd., (Member No. 234) has been inaugurated today (15.01.09) at 10:00 AM at its Head Office situated at Peoples Insurance Bhaban (7th Floor), 36, Dilkusha C/A, Dhaka-1000.

POWERGRID

The company has informed that Ashuganj-Serajganj-Bogra-Barapukuria 230 KV Transmission line constructed by Power Grid Co. of Bangladesh Ltd. under West Zone Power System Development Project has been energized on 31.12.08. The company has also informed that: (a) Total cost of the project: For erection of Transmission line and Sub-stations: USD 41.27 million + Euro 19.00 million + SEK 62.19 million + JPY 139.20 million + Taka 1320.00 million. (b) Sources of Financing of the Project: i) Government of Bangladesh (GOB); ii) Asian Development Bank (ADB); iii) KfW Germany; iv) Suppliers Credit; v) Sweden International Development Agency (SIDA); vi) Nordic Development Fund (NDF). However, the company did not inform about the expected profitability from above project.

BIONICFOOD

In response to a DSE query, the company has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike. An investigation team of DSE has visited registered office of the company at Khulna and revealed that no responsible officer of the company was available in the office except one Manager who is not conversant with stock market affairs. The Manager has informed that an officer whose working place at Dhaka is responsible for looking after capital market affairs. After telephonic conversation with the concerned officer at Dhaka office, he has informed that the factory of the company is not in operation for last four years. He has also informed that the share office at Dhaka is closed which was not informed to DSE earlier.

NITOLINS

The company has informed that it has received the Credit Rating Report from Credit Rating Information and Services Ltd. (CRISL) on 07.01.2009 and obtained 'A' grade for the year 2007.

MERCINS

SEC has warned the Company, its Directors, Managing Director and Company Secretary for non-compliance of securities laws in connection with submission of audio-visual recording of AGM held on June 29, 2006.

AGNISYSL

The company has informed that it has credited the stock dividend for the year 2007-2008 to the respective shareholder's BO Account.

BDCOM

The company has informed that it has credited the stock dividend for the year 2007-2008 to the respective shareholder's BO Accounts

PRIME TEX

do you know prime tex is best share of dse?
there are a financial consultancy name-prime financial consultant,
it has a brokerage registration under cse,
good buying price,good eps, so why can't go with prime tex?

Cash-strapped banks borrow Tk 5000 crore

The commercial banks on Wednesday borrowed Tk 5,000 crore from the central bank through Repo (repurchase agreement) and the call money market to meet their increasing liquidity crisis, banking sources said.read more

TEXTILE sector

now textile sector is some up bit mode but volume is not bullish.
textile sector is one of the most prospective sector.from this sector our country earn near 80% foreign currency every year..earning of this sector day by day increase..
if you wish you can go with prime tex.sq tex. delta spin.or hr tex
hr tex is one of the gambling stock.....

AGRANI INS

i've observed last few trading days turnover-i think it will be up now

Signs of capital flight from DSE mark 2008

Sell-offs by foreign fund managers outpaced the buying pressure on the country's prime bourse in growing signs of capital flight from the stock market in 2008 in the wake of the global financial crisis.read more

Dhaka stocks close flat

Dhaka stocks finished Wednesday flat in a volatile trading with its general index posting a slight gain after a two-day bear run, market operators said.
Trading at the Dhaka and Chittagong stock exchanges remains closed today due to a holiday on the occasion of Ashura.read more

MAKSONSPIN

The Board of Directors has recommended stock dividend @ 15% for the year ended on 30.09.2008. Date of AGM: 15.02.09, Time: 10:30 AM, Venue: National Shooting Federation, Gulshan-1, Dhaka. Record Date: 29.01.09.

GOLDENSON

The company has informed that the Board of Directors of the company has decided to purchase 215 decimals land @ Tk. 5.00 Lac per decimal at total amount of Tk. 10.75 crore adjacent to factory building of the company for its expanded units namely Golden Son Ltd. Accessories Division and Dying unit and two Venders Agreement will be executed between M/S Golden Son Ltd. & Mr. Belal Ahmed for 60 decimal of land and another Venders Agreement will be executed between M/S Golden Son Ltd. & M/S Ron Son Ltd. Out of which in the 1st phase purchase document for 60 decimals of land will be made with Mr. Belal Ahmed, Managing Director of company (owner of the land) and the value of the land Tk. 3.00 crore will be paid by issuing 15,00,000 Ordinary shares...continue

PRAGATIINS

The company has informed that it has signed a MOU with M/s. Sanofi Aventies Limited for purchase of 4 floors of the Pragati-RPR Centre, 20-21, Kawran Bazar, Dhaka from M/s. Sanofi Aventies Ltd. at price of Tk. 18.50 crore (Taka Eighteen crore and fifty lacs) only.

COMPANY NEWS

The Asset Manager of Prime Finance First Mutual Fund has informed that the subscription period of Prime Finance First Mutual Fund has been rescheduled from January 04, 2009 to January 11, 2009 (working days) instead of January 04, 2009 to January 08, 2009 due to Govt. holiday for the Holy Ashura (January 08, 2009).

Islamic banking shines

Deposits of the Islamic banking industry grew by 21 percent in the year to June 2008, higher than 15 percent growth of the conventional banking sector in the same period, central bank data show....read more

Dhaka stocks drop on profit-taking

Dhaka stocks dropped on Monday because of a profit-taking selling pressure from investors in volatile trading after a six-day bull run, market operators said...read more

convertible bond

a convertible bond is a type of bond that can be converted into shares of stock in the issuing company, usually at some pre-announced ratio. It is a hybrid security with debt- and equity-like features. Although it typically has a low coupon rate, the holder is compensated with the ability to convert the bond to common stock, usually at a substantial discount to the stock's market value.

Prime Insurance gets new MD

AQM Wazed Ali has joined Prime Insurance Company Ltd as its managing director recently.
Before the joining, he was the deputy managing director of Federal Insurance Company Ltd, a news release said....read more

Dhaka stocks extend bull run for 2nd week

Dhaka stocks saw a bullish trend for the second consecutive week that ended Thursday, thanks to an increased participation of investors, market operators said....read more

Chowdhury Mohidul Haque new BB ED

Chowdhury Mohidul Haque, general manager, Department of Currency Management and Payment Systems, read more

PCBs post huge profit in 2008

The country’s private commercial banks made a huge operating profit in 2008 calendar year despite global financial crisis, bank sources said.read more

New issues lift stocks

The debut of two new issues pulled up the indices of Dhaka Stock Exchange on the first day of the New Year yesterday.read more

DSE trade to cover country in 2 years

Dhaka Stock Exchange plans to reach out trading facilities to the doorsteps of people in a span of two years.read more

PCBs post rise in profit

Private commercial banks (PCBs) kept up a good show in 2008 despite a global and domestic slowdown in business activity, according to data received from different PCBs.read more

tannery industry. gloomy future

be aware of buying any tannery stock(apex tannery,adelchi) etc..
because international tannery market is abnormal and they are buying tannery products from bangladesh at small volume

AGNI

somebody told me that...agni is hotcake for upcoming few days, i don't know why they told me that

MAKSONSPIN

As per un-audited half yearly accounts as on 31.03.08, the company has reported profit after tax of Tk. 37.72 m. with EPS of Tk. 0.99 (based on Post-IPO paid-up capital).

NHFIL

As per un-audited half yearly accounts as on 30.06.08, the company has reported profit after tax and provision of Tk. 26.89 m. with EPS of Tk. 5.17 (based on Post-IPO paid-up capital).

ECABLES

As per audited accounts as on 30.06.08, the Company has reported profit after tax of Tk. 36.22 m. with EPS of Tk. 15.09 as against Tk. 29.41 m. and Tk. 12.25 respectively as on 30.06.07.

SEC NEWS

Usmania Glass Sheet Factory Ltd.: SEC has warned the company, its Directors, Managing Director and Company Secretary for non-compliance of securities laws in connection with retention of auditor for a consecutive period exceeding three years.

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