Stocks edge up on bargain hunting
Stocks ended the week marginally higher, snapping a two-week losing streak as bargain hunters rushed to accumulate oversold shares, helping the benchmark index regain footing after a period of sustained bearish pressure.DSEX, the benchmark index of Dhaka Stock Exchange (DSE), settled at 5,245 points on Thursday, registering an increase of...
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Global equity funds draw eighth weekly inflow as AI rally lifts tech stocks
Global equity funds attracted inflows for an eighth straight week through May 13 as investors chased the AI-driven rally in technology stocks on optimism over strong chipmaker earnings and shrugged off inflation concerns, reports Reuters.They bought a net $39.15 billion of global equity funds in their largest weekly net purchase...
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BRAC Bank's Tk 7b bond debuts on Alternative Trading Board of DSE
BRAC Bank PLC's Tk 7.0-billion second subordinated bond was listed on the Alternative Trading Board (ATB) of Dhaka Stock Exchange PLC (DSE) on May 12 under the ticker symbol 'BBL2NDSB'.To mark the listing, a bell-ringing ceremony was held at the DSE Tower at Nikunja, attended by senior officials of BRAC...
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Cerebras shares skyrocket in debut as AI mania grips markets
Shares of chip designer Cerebras Systems soared 89% above the initial public offering price on their Nasdaq debut, extending the market's unrelenting frenzy for companies seen as the biggest beneficiaries of the artificial intelligence boom, reports Reuters.Its shares opened at $350 on Thursday, well above the IPO price of $185...
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Asia-Pacific markets decline--
Asia-Pacific markets fell on Friday as investors tracked the second day of high-stakes talks between US President Donald Trump and Chinese President Xi Jinping, reports CNBC. Trump on Friday left Beijing after the 2-day summit, also attended by a delegation of American business leaders, including Tesla CEO Elon Musk and...
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DHAKA BANK OPENS 118TH BRANCH IN CITY--
DHAKA BANK OPENS 118TH BRANCH IN CITYDhaka Bank PLC has inaugurated its 118th Branch, 'Gulshan Avenue Branch', at Hena Suvastu Skyline Avenue, Gulshan in Dhaka recently. A.T.M. Hayatuzzaman Khan, Director and Chairman, EC Committee of the bank, was present as the chief guest. Chairman of the bank Abdul Hai Sarker,...
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