Stocks end almost flat amid volatility
Stocks returned to the green in the outgoing week after a single-week break but ended almost flat, as investors were active on both sides of the trading fence amid a lack of clear direction.The market witnessed volatility due to cautious investors' profit-booking tendency in recently rallied stocks, while optimistic investors...
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Global equity funds see 4th week of outflows on slowdown worries
Global equity funds witnessed a fourth successive weekly outflow in the week ended May 10, hit by deadlock over the US debt ceiling and lingering worries over an economic slowdown, reports Reuters.According to Refinitiv Lipper, global equity funds saw $4.9 billion worth of outflows, which was the fourth consecutive outflow....
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Wall St subdued as consumer sentiment takes hit from rate hikes
Wall Street's main indexes struggled to gain on Friday as US consumer sentiment slumped to a six-month low, indicating the rapid interest rate hikes were starting to hurt economic growth, while Tesla shares shed their initial gains, reports Reuters.Consumer sentiment in May dropped to its lowest reading since last November...
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DSE tax receipts grow 14pc in April as turnover jumps
Tax revenue from the Dhaka bourse grew 14 per cent month on month in April, thanks to increased turnover and higher share sales by sponsor-directors of the listed companies.The government collected tax worth Tk 200 million last month as against Tk 175 million in March 2023, according to the Dhaka...
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