DSEX sinks below 5000-mark as Islamic banks' merger dampens market sentiment
Stocks continued their downward trajectory this week, falling below the psychological threshold of 5,000-mark for the first time in four months amid persistent bearish sentiment.Market analysts said investors had been suffering from a confidence crisis for a long time, while the news of the dissolution of the boards of five...
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Summit Alliance Port posts record profit of Tk 675m in FY25
Summit Alliance Port has reported its highest-ever annual profit of Tk 675 million for FY25, marking a significant increase driven by higher revenue from container handling in export, import, and freight services.The company, a market leader in the Inland Container Depot (ICD) and Container Freight Services (CFS) industry, saw a...
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BANK ASIA HOSTS AWARENESS PROGRAMME ON GENDER EQUALITY
Bank Asia PLC organised a daylong awareness programme on 'Gender equality and prevention of sexual harassment' at the Bank Asia Institute for Training and Development in Dhaka recently. Rumana Akhter Tulee, Assistant Vice President of Bank Asia, conducted the session as the resource person. The programme was designed to enhance...
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Asia-Pacific markets fall, as AI stocks resume sell-off
Asia-Pacific markets fell Friday, tracking Wall Street declines on persistent concerns over lofty valuations in artificial intelligence stocks, reports CNBC.Shares of major AI companies fell Thursday stateside, weighing down on the broader US market. The biggest declines were from Nvidia, Microsoft, Palantir Technologies, Broadcom, and Advanced Micro Devices.Japan's benchmark Nikkei...
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Global equity fund inflows jump to five-week high
Global equity funds saw a surge in inflows in the week through November 5 as investors, optimistic about rising artificial intelligence-linked corporate deals, favoured higher allocations during a market correction, reports Reuters.Investors acquired a net $22.37 billion worth of global equity funds in their largest weekly purchase since October 1,...
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