Stocks end flat as investors await cues
Stocks closed flat this week as investors remained cautious amid lingering uncertainty surrounding ceasefire negotiations between the US and Iran, keeping overall market sentiment subdued.Market participants said the bourse is currently in a consolidation phase, as investors lack strong directional conviction due to mixed macroeconomic signals and geopolitical tensions."The market...
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NCC BANK SIGNS AGREEMENTS WITH SME FOUNDATION
NCC Bank has recently signed two financing agreements with SME Foundation aimed at expanding access to finance for Cottage, Micro, Small, and Medium Enterprises (CMSMEs). The agreements cover the Credit Wholesaling Programme under the government's Revolving Fund and a participation agreement under the Food Value Chain Improvement Project (FVCIP). Commerce...
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Equity fund inflows rise as war risks ebb, upbeat earnings boost mood
Global equity funds received a fourth successive weekly inflow in the week through April 15 as upbeat earnings and increased optimism that the Iran war could be resolved more quickly than expected boosted risk appetite, reports Reuters.Investors allocated a net of $31.26 billion to global equity funds in their largest...
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Wall Street indexes rally after Iran opens Hormuz
Wall Street's main indexes jumped on Friday after investors cheered Iran's decision to open the Strait of Hormuz following a ceasefire accord agreed in Lebanon, reports Reuters.Iran's Foreign Minister Abbas Araqchi announced in a post on X that passage for all commercial vessels through the Strait of Hormuz was "completely...
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DeepSeek raising funds at $10b valuation
Chinese artificial intelligence startup DeepSeek is in talks with investors to raise at least $300 million at a valuation of $10 billion, according to a report published in The Information on Friday, reports Reuters.The company, whose low-cost models took the AI industry by storm and rattled stock markets last year,...
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