Stock market rout deepens with Tk 243b wiped out in six weeks
The benchmark equity index continued its downward trajectory this week, dropping to its lowest in nearly five years as investor sentiment remains battered due to lack of any positive cues. Fears of further devaluation of the taka following the adoption of market-based exchange rate regime sent the investors rushing to...
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Bank Asia's Q1 profit up 113pc on higher investment income
Bank Asia PLC has reported a remarkable 113 per cent year-on-year growth in profit for the first quarter of 2025, driven by substantial income from investments in government securities.The third generation private commercial bank logged a consolidated profit of Tk 1.66 billion for the January-March period as against nearly Tk...
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TOWN HALL MEETING OF AL-ARAFAH ISLAMI BANK HELD IN BOGURA
Al-Arafah Islami Bank held a daylong 'Town Hall Meeting' of its Bogura Zone at a resort in Bogura on Friday. Managing Director (Current Charge) of the bank Mohd. Rafat Ullah Khan inaugurated the event as the chief guest. Deputy Managing Directors Md. Abdullah Al Mamun and Md. Asaduzzaman Bhuiyan were...
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Global equity fund inflows surge on trade optimism, inflation relief
Global equity funds attracted the largest weekly inflow in seven weeks in the week through May 14, buoyed by a US-China trade war truce that has significantly reduced the risk of a global recession, reports Reuters.According to LSEG Lipper data, global equity funds bagged a net $19.57 billion in inflows...
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