The Bangladesh Securities and Exchange Commission (BSEC) has relaxed the initial public offering (IPO) rules for Best Holdings on three conditions to help the owning entity of Le Méridien Dhaka raise fund from the public.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), added 2 points, or 0.03 per cent, to 6,341 at 11:32 am.

The company’s accumulated loss now stands at Tk 325 crore

Islami Bank Bangladesh Ltd’s profit grew 1.4 percent year-on-year to Tk 343.33 crore in the January-June half of 2023.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), gained 12 points, or 0.19 per cent, to 6,345 at 12:05 pm.

ACI Ltd, one of the leading business houses in Bangladesh, has decided to enter into the aviation business and invest Tk 10 crore in a digital bank, said the company.

Stock market intermediaries in Bangladesh need to operate more responsibly and increase their contribution in achieving the country’s sustainable development goals to boost investor confidence, according to government officials.

BSEC awards nine stakeholders in three categories

Heidelberg Cement Bangladesh Ltd has continued to recover from losses as it registered profit for the second quarter in a row thanks to a reduction in the cost of sales.

The prime indices of Dhaka and Chattogram bourses rose slightly in the morning session today.

United Commercial Bank PLC suffered a 43.50 per cent year-on-year decline in profit in April-June of 2023 owing to a significant decrease in the operating profit stemming from a spike in interest expenses on deposits and borrowings and operating expenditures.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), added 6 points, or 0.09 per cent, to 6,343 at 11:15 am.

BSEC to sit with the parties involved

Social Islami Bank Limited made a Tk 36.92 crore profit in the second quarter of 2023, an increase of more than 3 per cent year-on-year.

British American Tobacco (BAT) Bangladesh Company Ltd today said its overall profit grew 4 per cent in the first six months of the current financial year, driven by higher sales and leaf export although it recorded a marginal decline in earnings in the second quarter.

The DSEX, the benchmark index of the premier bourse in Bangladesh, lost 6 points, or 0.1 per cent, to 6,358 at 11:40 am.

Major indices of the stocks market in Bangladesh yesterday fell owing to lower investor participation, according to experts.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), slid 23 points, or 0.36 per cent, to close at 6,342.

The Ibn Sina Pharmaceutical is going to invest Tk 10 crore in its subsidiary the Ibn Sina API Industry Ltd as part of its capital investment in order to purchase capital machineries, the company said today.

The DSEX, the benchmark index of the premier bourse in Bangladesh, lost 6 points, or 0.1 per cent, to 6,358 at 11:40 am.