Market cap surges by Tk 506b as investors' optimism rides winds of change
Stocks saw a steep rise in the outgoing week after a three-week fall, with the benchmark equity index surpassing 5,900-mark after four and a half months, as investors rushed into the market riding on renewed optimism.Market experts said spontaneous participation backed by high hopes and excitement drove up the index...
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City Bank's profit grows 6pc in Q2
City Bank PLC has posted a 6 per cent growth in second-quarterly profit, riding on higher interest income following removal of the interest rate cap.The private lender earned a consolidated net profit of Tk 1.57 billion in April-June quarter this year, up from Tk 1.48 billion in the same quarter...
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Asia-Pacific markets up
Asia-Pacific markets closed higher on Friday, tracking gains on Wall Street after new labor market data boosted investor confidence in the US economy and eased recession concerns following a sharp market sell-off earlier in the week, reports CNBC.Australia's S&P/ASX 200 rose 1.25 per cent to close at 7,777.7. Japan's Nikkei...
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Rollercoaster week in US stocks leaves investors braced for bumps ahead
NEW YORK, Aug 9 (Reuters): A week of wild market swings has investors looking ahead to inflation data, corporate earnings and presidential polls for signals that could soothe a recent outbreak of turbulence in US stocks.Following months of placid trading, US stock volatility has surged this month as a run...
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