Ahsan Habib

Floor price was a buzzword at the Dhaka Stock Exchange (DSE) yesterday as it prevented many investors from selling shares even though trading resumed after a long break of more than two months.

The stock market is set to be unbolted today after a good two months and that too under the leadership of new faces at the Bangladesh Securities and Exchange Commission (BSEC).

Marico Bangladesh pursuit of product diversification in the personal grooming category continues, with the fast-moving consumer goods company now rolling out a shampoo.

Indian fast-moving consumer goods company Marico’s profits soared 30 per cent to Tk 264 crore in the financial year that concluded in March as its flagship Parachute-branded coconut oil continues to win the hearts of Bangladeshi customers.

One word that would accurately sum up M Khairul Hossain’s nine-year-long tenure as the chairman of the Bangladesh Securities and Exchange Commission would be indulgent.

The pandemic is changing the way we present ourselves to the world.

Bangladesh is the only country in the world where stock trading has remained closed because of the coronavirus pandemic.

In an undaunted move, the central bank yesterday instructed banks to not give any cash dividend to both sponsors and investors until September to boost their capacity to absorb the strain on their capital base from the ongoing economic dire straits.

Six local drug makers are set to produce the experimental antiviral drug remdesivir, which has shown promise in fighting the new coronavirus, from this month.

IPDC, the country’s first private sector non-banking financial institution, swam against the tide in 2019.

Abdul Mannan, a stock investor who maintains two beneficiary owner’s accounts, has been incurring losses on all counts for the last six months as the stock indices were plumbing new depths every day amid a fund crisis and a confidence deficit in the market.

IDLC Finance, a listed non-bank financial institution, took another hit to its profit last year thanks to the bearish stock market and volatile money market.

Delta Brac Housing Finance Corporation, or DBH, one of the leading listed non-bank financial institutions, logged in higher profits last year though its interest income dropped.

GSK Bangladesh’s profits surged in 2019 even though the British multinational saw a decline in turnover thanks to the relief from incurring losses from its pharma unit.

Big business groups have turned to e-commerce and home delivery to head off a collapse in sales amid the countrywide movement control order.

Grameenphone’s net profits soared 25.8 per cent year-on-year to Tk 1,070 crore in the first quarter of the year driven by data revenue and cost-efficient programmes despite operating an increasingly challenging environment.

Hardly anyone turns up at the National Parliament House these days to get some fresh in the evenings.

In a first for Bangladesh, listed companies are using virtual platforms to hold annual general meetings as part of their business continuity plans while avoiding mass gatherings and maintain social distancing in the face of coronavirus outbreak in the country.

In the fight against coronavirus, two important facets have come out to help protect against the highly contagious, lethal pathogen: hand hygiene and the hygiene of frequently touched surfaces.

The stock market regulator has no right to set the criteria for issuing new stock brokerage licences; rather, the bourses can exert their authority to do so as per the demutualisation rules, stock brokers said.