DSEX tops 5,400 after three months on reform hopes, blue-chip rally
The benchmark index of the Dhaka Stock Exchange (DSE) crossed the 5,400-point mark this week for the first time in three months, buoyed by strong buying in blue-chip stocks and renewed investor optimism following a series of regulatory and policy developments.The broad DSEX index soared 139 points, or 2.60 per...
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Global equity fund inflows at 3-week high as AI optimism boosts sentiment
Global equity fund inflows surged to a three-week high in the week to June 3 as a set of robust earnings in the technology sector and investor enthusiasm over the AI boom bolstered demand, reports Reuters.According to LSEG Lipper data, global equity funds attracted a net $21.44 billion during the...
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Asian stocks take another hit from AI, Mideast worries
HONG KONG, June 5 (AFP): Asian equities went into reverse Friday on continued worries about the AI trade after disappointing forecasts from chip titan Broadcom, while investors were also keeping a wary eye on stuttering Middle East peace efforts.After leading several markets to record highs this year, technology firms are...
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MERCANTILE BANK OPENS FOUR MORE SUB-BRANCHES
Mercantile Bank PLC opened four new sub-branches on Thursday, aiming to provide modern and convenient banking services. The sub-branches are Miarhat Sub-Branch in Swarupkathi, Pirojpur; Shibchar Sub-Branch in Madaripur; Merajnagar Sub-Branch in Kadamtali, Dhaka; and Bhola Banglabazar Sub-Branch in Bhola. Mati Ul Hasan, Managing Director of the bank, along with...
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SpaceX sets $135 price for blockbuster IPO, upending Wall Street convention
NEW YORK, June 5 (Reuters): SpaceX publicly set a $135 price for shares in its initial public offering on Wednesday, upending the longstanding Wall Street price-discovery apparatus and underscoring Elon Musk's determination to raise record sums his way.The company's decision to publish a price a week ahead of its landmark...
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