Craftsman Footwear to Raise Tk 5 Crore through QIO

On May 20, 2025, Bangladesh’s stock market rebounded from a five-year low as bargain hunters capitalized on undervalued shares. The DSEX rose 13 points (0.28%) to 4,789 in the first hour of trading. Blue-chip and Shariah indices also posted gains.

Golam Mainuddin has been unanimously elected as Chairman of Apex Footwear Ltd. during the company’s 282nd Board Meeting. Previously serving as an Independent Director, he is recognized for his leadership at British American Tobacco Bangladesh and holds leadership roles across several major organizations

In 2024, Bata Shoe Company (Bangladesh) reported a 26% year-on-year profit decline, with net profit dropping to Tk 29.57 crore and earnings per share falling from Tk 29.31 to Tk 21.62. The decline was driven by over 10% food inflation and political unrest, which forced the closure of nearly half its stores in Q3.

Over the past seven years, 56 companies raised Tk5,178 crore through IPOs in Bangladesh, but 24 of them—collectively raising over Tk2,000 crore—have been downgraded to the Z and B categories due to poor financial performance.

As the US moves to impose reciprocal tariffs, Bangladeshi exporters—especially in the footwear, pharmaceutical, plastic, and agro-processed sectors—are facing growing uncertainty. Footwear exporters, however, see strategic opportunities if the US adjusts its tariffs in Bangladesh's favor.

The Dhaka Stock Exchange (DSE) saw a significant decline on Sunday, with the DSEX index falling nearly 30 points, or 0.56%, to 5,174, marking its lowest level since February 10. This drop was driven by investor unease following tensions within the Bangladesh Securities and Exchange Commission (BSEC) over the forced retirement of an executive director.