Dhaka | Dhaka City | Bangladeshi News
Dhaka | Dhaka City | Bangladeshi News
The Dhaka bourse witnessed a sustained decline in indices on Thursday, despite the regulator's move to keep stocks floating through a 3 per cent circuit breaker. The main index of Dhaka Stock Exchange (DSE) DSEX fell by nearly 100 points in the early hours. However, it managed to recover to some extent in the following […]
failed recovery attempts According to insiders, in an effort to keep the situation under control, the regulator called up top executives of various brokerage houses and merchant banks and asked them to reduce share sales. However, they are no longer trying to drive the market. BSEC Executive Director Mohammad Rezaul Karim said, “We want to […]
There are some examples where common investors have suffered the most losses in the last two years. The share price of Sea Pearl Beach Resort, which was Tk 44 in July 2022, rose rapidly and reached more than Tk 320 within six months. Inspired by the good returns, some ordinary traders invested in the stock […]
“If someone has invested in good stocks, there is no need to panic and sell those stocks,” Farooq Ahmed Siddiqui, former chairman of Bangladesh Securities and Exchange Commission (BSEC), the capital market regulatory body, told Prothom Alo. Even if the prices of these stocks fall temporarily, this will change. According to relevant sources, BSEC held […]
Investors are getting the wrong message as a large number of good companies have been ousted from the Dhaka Stock Exchange (DSE)’s flagship index – DSEX – leaving manipulative stocks to dominate. In the DSE, leading companies like ACI, RAK Ceramics, Titus, Crown Cement, Walton, IDLC and IPDC, known for their strong fundamentals, have been […]
The 35 companies are: Anwar Galvanizing, Baraka Power, British American Tobacco Bangladesh, Beximco Limited, Bangladesh Submarine Cables, BSRM Limited, BSRM Steel, Confidence Cement, DBH, Doreen Power, Envoy Textile, Grameenphone, HR Textile, IDLC Finance, Index Agro Industries. , Islami Bank, KDS Accessories, KPCL, Kattali Textile, Malek Spinning, National Housing Finance, National Polymer, Orion Pharmaceuticals, Padma Oil, […]
This has resulted in pressure on the dollar, which has fallen 3 per cent against a basket of major peers this month. The euro was at $1.0940 EUR=EBS on Monday, not far from the recent four-month high of $1.0965, while the dollar softened to 149.23 yen JPY=EBS. Tighter official corrections for the Chinese yuan also […]
US officials have jumped in to contain the turmoil this month by protecting depositors of tech-focused SVBs, but US Treasury Secretary Janet Yellen declined to extend that protection more broadly. Yellen told lawmakers on Wednesday that she had not considered or discussed “full insurance” for deposits without congressional approval. His comments previously pressured shares of […]
But while the 30 per cent anchor portion of the issue was fully subscribed last week, book building saw only 3 per cent bids on Monday amid concerns over a fall in Adani’s shares. By Tuesday, the overall share sale was fully subscribed due to flood of foreign institutional investors and corporate funds, although participation […]
Shares of Adani Enterprises fell to Rs 2,712 ($33), its lowest point in the day, well below the FPO price band of Rs 3,112-3,276 per share. The Hindenburg Report accused the Adani group of engaging in “a brazen stock manipulation and accounting fraud scheme over the course of decades”. It claimed that Adani’s elder brother […]
Hindenburg said that decades of a pattern of “government leniency toward the group” had made investors, journalists, citizens and politicians unwilling to challenge its conduct “for fear of retribution”. The Adani Group’s market capitalization has grown by more than $45 billion since the release of the report, and its legal head announced on Thursday that […]
Asia’s richest man Gautam Adani’s net worth saw a drop of $6 billion on Wednesday after a US investment firm accused him of “brazen stock manipulation and accounting fraud”. Adani, 60, is the world’s third-richest person with an estimated net worth of around $120 billion and interests ranging from Australian coal mines to India’s busiest […]
