Stocks suffer steep slide on renewed economic concerns
The benchmark equity index tumbled 2.07 per cent this week, registering its steepest single-week fall this year, as jittery investors dumped their holdings amid growing economic uncertainties.Market analysts pointed to several negative factors rattling investor confidence, including a sudden hike in gas prices and rising concerns over potential corporate tax...
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Pragati Ins posts Tk 413m profit, boosted by premium growth
Pragati Insurance has reported a record profit of Tk 413 million for the year 2024, the highest since its listing on the stock exchanges in 1996, buoyed by higher premium income despite adverse business climate engendered by inflationary pressure.According to a disclosure of price-sensitive information released on Thursday, the general...
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BRAC BANK HONOURS 78 COWORKERS WITH 'LEARNING LUMINARIES AWARD'
BRAC Bank has recognised 78 of its coworkers for their exceptional commitment to training and development through 'Learning Luminaries Award 2024'. The award celebrates excellence in various categories, including top trainers, high scorers in training evaluations, successful project team members, and dedicated support division members. Managing Director & CEO of...
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Chinese tea chain Chagee hits $6.2b valuation on Nasdaq debut
Chinese tea chain Chagee secured a valuation of $6.2 billion after its shares gained 21% in their Nasdaq debut on Thursday, defying volatility stemming from the United States' trade war with Beijing, reports Reuters.The company's American depositary shares opened at $33.75 apiece, compared with the initial public offering price of...
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