Stocks see sharp fall as confidence crumbles
The benchmark equity index dropped sharply this week as jittery investors continued to offload their holdings amid concerns over the prevailing macroeconomic situation.Market analysts said the lack of investor confidence, coupled with heightened uncertainty, led many to refrain from making fresh bets on stocks. The volatile investor sentiment was further...
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Miracle Industries soars despite poor performance
Miracle Industries, a company with a troubled financial track record, has seen its stock price surge on the Dhaka Stock Exchange (DSE) over the past month, despite a lack of fundamental reasons for the spike.As its factory has been suspended for four years due to a working capital shortage, the...
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BRAC BANK ACHIEVES TK 120B NET DEPOSIT GROWTH IN 12 MONTHS
BRAC Bank's Branch Network has achieved a milestone by recording a net deposit growth of Tk 120 billion in the 12 months of 2024, despite deposit crisis in the banking industry. The bank organised a ceremony to celebrate this achievement at the Head Office on Thursday. Selim R. F. Hussain,...
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Global equity funds witness robust inflows on hopes of Fed rate cut
Global equity funds attracted inflows for an 11th successive week through December 11, supported by signs that a cooling US labour market and stable consumer prices might facilitate a third consecutive rate cut by the Federal Reserve this month, reports Reuters.Investors snapped up global equity funds worth a net $10.18...
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