Bargain hunting pushes stocks up
Stocks bounced back in the outgoing week that ended on Thursday, with turnover gaining momentum as bargain hunters, buoyed by regulatory moves, chased sector-specific shares.As the two regulators concerned remained stuck to their past decisions, stock investors seemed to be encouraged to put bets on some oversold stocks, market insiders...
Read more
BRAC Bank signs agreement with JICA, Citibank
BRAC bank has signed an agreement with Japan International Cooperation Agency (JICA) and Citibank N.A. for a long-term loan facility totalling USD 100 million, aiming to contribute to the country's SDGs by supporting green finance projects. JICA is providing $90 million for a term of eight years and Citi N.A....
Read more
Asiatic Laboratories IPO opens Monday
The IPO subscription of Asiatic Laboratories -- the first initial public offering of 2023 -- will open on Monday (January 16), aiming to raise Tk 950 million from the capital market under the book-building method.The subscription period will run up to January 22 and the general public can buy the...
Read more
Global equity funds see first weekly inflow in 10 weeks
Global equity funds drew their first weekly inflow in 10 weeks in the week to January 11 on hopes of easing inflation and expectations that China's re-opening would boost global economies, reports Reuters.Refinitiv Lipper data showed global equity funds attracted $5.17 billion in net purchases, for their first weekly inflow...
Read more
