Ahsan Habib

The Bangladesh Securities and Exchange Commission (BSEC) has taken an initiative to return funds that were raised through debentures about 30 years ago, totalling around Tk 150 crore.

Energypac Power Generation is set to raise Tk 150 crore through initial public offering (IPO), the proceeds of which will be used to make liquid petroleum gas (LPG) more available as a primary fuel source for vehicles in Bangladesh and repay the company’s bank loans.

Listed non-banking financial institution (NBFI) Premier Leasing and Finance witnessed a staggering 114 per cent year-on-year increase in classified loans in 2019.

Lub-rref, a local lubricant producer, is set to invest Tk 400 crore to establish the country’s first state-of-the-art base oil refinery with an aim to meet the growing demand for lubricants from both home and abroad.

Around 68 percent of the people who had to stop working in urban areas of Dhaka and Chattogram due to the pandemic have lost their jobs, according to a World Bank report.

Bangladesh Securities and Exchange Commission (BSEC) has decided to remove the directors who still do not hold at least 2 per cent shares of their listed companies although the regulator made it mandatory nine years ago.

Local motorcycle maker Runner Automobiles has joined hands with Bajaj Auto, a global market leader based in India, to set up a Tk 300 crore manufacturing plant for CNG and LPG-run three-wheelers in Mymensingh.

Insurance companies have been witnessing an uptrend among their shares over the last couple of months thanks to the Insurance Development and Regulatory Authority’s (IDRA) move to limit commission payments to agents, according to industry analysts.

Stock prices of Pragati Life Insurance were not adjusted on the trading board of Dhaka Stock Exchange (DSE) yesterday despite issuance of right shares, causing the securities to change hands at a higher price.

The Covid-19 outbreak has showed clearly how poorly Bangladesh’s stock market was digitally prepared to fight a pandemic like this.

The stock price of Pragati Life Insurance was not reduced despite issuance of right shares and it was traded on the Dhaka Stock Exchange (DSE) trading board today at over its new price.

GPH Ispat, a listed steel manufacturing company, witnessed a jump in share prices after news broke that its new Tk 2,390 crore plant began production using state-of-the-art technology on a trial basis.

How does a stock join the ranks of its priciest peers in a bourse? Undoubtedly pegging on the company’s earnings, assets, potentiality and brand value.

The Padma Oil Company, a statutory organisation under the power, energy and mineral resources ministry, has stepped forward to make liquid petroleum gas (LPG) more available as a primary fuel source for vehicles in Bangladesh.

HeidelbergCement Bangladesh, the German cement maker, has been incurring losses since the second quarter of 2019 due to fierce competition in the market, higher prices of clinker, the imposition of advance income tax and higher interest cost.

Despite a significant drop in interest income, Rupali Bank’s profits jumped last year as higher investment in treasury bills and bonds saved the day.

Rani Marka Dheutin (corrugated iron sheets) once ruled the roost in rural Bangladesh.

It seems the junk stock are walking all over the market in the last few days: the index was going whichever direction they were heading.

Only one out of the 28 non-listed insurance companies offloaded shares even though Finance Minister AHM Mustafa Kamal in September last year warned that their licences will be cancelled if they fail to go public within three months.

Stock prices of listed drug makers rose more than the benchmark index of the Dhaka bourse during the last three months thanks to optimism about higher profits of the companies during the pandemic.