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Stocks see moderate correction

Dhaka bourse witnessed a moderate correction on Monday after continuous upward trend of the market observed in previous eleven sessions in a row.According to market operators, the correction took place as many investors booked profits offloading securities whose prices recently rose amid the rally of the market.The DSEX, the broad...

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BRAC Bank, Olympic Industries dominate turnover chart

Top 10 turnover leaders grabbed 21.16 per cent of the transaction featured by the Dhaka Stock Exchange (DSE) on Monday.On the day, the premier bourse featured a turnover of above Tk 9.65 billion amid moderate correction observed in broad index.BRAC Bank topped the turnover chart featuring a value of above...

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Western Marine obtains UAE orders for two oil tankers

CHATTOGRAM, Jan 7: The Western Marine Shipyard Ltd has secured orders for building two oil tankers for Al Rashid Shipping Ltd, a UAE-based shipping company. The oil tankers will have 6500 DWT (dead weight tonnage) carrying capacity and will cost USD 6.8 million in total.Western Marine Shipyard's managing director Sakhawat...

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News Briefs (8-1-2019)

Delta Spinners downgraded to ‘Z’ categoryDelta Spinners will be placed in 'Z' category from existing 'A' category with effect from today (Tuesday). According to a disclosure posted on DSE website, the company will be shifted to 'Z' category as it failed to hold an AGM in the Gregorian calendar year...

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Asian shares rally, eye Sino-US trade talks

SYDNEY, Jan 7 (Reuters): Asian shares were set for a rousing start on Monday as a dovish turn by the Federal Reserve and startlingly strong US jobs data soothed some of the market's worst fears about the global outlook.Investors are keen to see how Chinese markets react to the central...

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Wall Street financial firms plan new exchange to challenge NYSE, Nasdaq

A group of financial services firms, including Morgan Stanley, Fidelity Investments and Citadel Securities LLC, have agreed to jointly launch a new low-cost bourse that will rival Intercontinental Exchange Inc's the New York Stock Exchange and Nasdaq Inc, the companies said in a joint statement on Monday, reports Reuters.The companies...

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Indian stocks rise in global relief rally

Indian shares rose on Monday along with global markets as upbeat US data, a more dovish tone by the Federal Reserve, and the start of Sino-US trade talks soothed investor nerves about a slowing global economy, reports Reuters.The benchmark BSE index closed the session 0.43 per cent higher at 35,850.16,...

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DSE/CSE News in Brief (8-1-2019)

DSE NEWSDisbursement of dividendGQ Ball Pen Industries Ltd.: The company has informed that it has disbursed the cash dividend for the year ended on June 30, 2018 to the respective shareholders.Query responseShinepukur Ceramics Limited: In response to a DSE query dated January 06, 2019, the company has informed that there...

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Qatar Airways launches global campaign

Qatar Airways announced its latest global sales promotion designed to inspire passengers to explore new and exciting destinations in 2019.The promotion is valid on all Qatar Airways flights booked from 7 - 16 January 2019 for travel between 7 January and 20 May 2019. Passengers who book during the promotion...

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MoU signing ceremony between Bank Asia Ltd & Channel i

An MoU signing ceremony took place on the Channel i premises between Bank Asia Ltd & Channel i recently to start telecasting "Antorvuktir Arthoniti" a year-long weekly talk-show on financial inclusion. Arfan Ali, President & Managing Director of Bank Asia Ltd seen

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Md. Joynal Abedin distributing blankets among cold-affected people

Md. Joynal Abedin, Director of Islami Bank Bangladesh Limited, distributing blankets among the cold-affected people in bank's Sreenagar branch, Munshigonj on Sunday.

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SIBL organised a month-long training on Foundation Course

Social Islami Bank Limited (SIBL) organised a month-long training on Foundation Course in Banking for newly-joined officers at SIBL Training Institute of the Bank. Quazi Osman Ali, Managing Director and CEO of the Bank, was present as the Chief Guest. Abu Naser Chowdhury, DMD of the bank, also seen

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BDBL celebrated 9th anniversary

Bangladesh Development Bank Limited (BDBL) celebrated 9th anniversary of the bank recently. Shahabuddin Ahmed, Secretary, Ministry of Food, People's Republic of Bangladesh, and senior most director of BDBL Board of Directors, attended the programme as the chief guest. Manjur Ahmed, Managing Director of BDBL, seen.

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