Stocks slip into red amid flurry of earnings results
The benchmark index of the Dhaka Stock Exchange (DSE) slipped into the red this week, reversing a single-week of gains, as risk-averse investors largely stayed on the sidelines amid the ongoing earnings disclosures.Market analysts noted that investors appeared cautious, adopting a 'wait-and-see' approach as regulatory uncertainties surrounding leveraged trading and...
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BAT Bangladesh posts 23pc drop in Q3 profit on sales slump
British American Tobacco (BAT) Bangladesh has posted a 23 per cent year-on-year decline in profits for the third quarter of this year, primarily driven by lower sales and increased operational costs.The multinational tobacco company reported a profit of Tk 3.05 billion for the July-September period as against Tk 3.97 billion...
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ICB ASSET MANAGEMENT HOLDS 25TH Annual General Meeting
The 25th Annual General Meeting (AGM) of ICB Asset Management PLC was held in the Board Room of the company in Dhaka on Thursday. The meeting was presided over by Prof Abu Ahmed, the Chairman of the Board of Directors of the company. Chief Executive Officer Mahmuda Akhter, other members...
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Global equity funds see massive inflows
Global equity funds attracted massive investments in the week to October 29 ahead of an anticipated interest rate cut by the US Federal Reserve and a trade deal between US President Donald Trump and Chinese President Xi Jinping, reports Reuters.Investors accumulated a net $10.58 billion worth of global equity funds,...
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