Stocks rebound as bargain hunters drive market recovery
Stocks saw a strong rebound this week, paring all the losses from the previous week, as investors looked for bargains among beaten-down stocks in anticipation of short-term gain.Market analysts said the market recovery was largely supported by the state-run Investment Corporation of Bangladesh (ICB) as it began injecting funds into...
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Hami Industries' stock keeps rising despite its financial struggles
Hami Industries, a junk stock, has been flying high on the Dhaka Stock Exchange (DSE) despite enduring financial losses and failing to pay dividends for over a decade.The financial indicators of the 'Z' category company remain deeply negative, with losses piling up. And the company has yet to disclose its...
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BRAC BANK HOLDS BUSINESS CONTINUITY PLAN DRILL
BRAC Bank has recently organised Annual Business Continuity Plan Drill 2024 to test and streamline its preparedness in the event of a disaster. The daylong drill included a simulation in which critical units vital to banking operations, such as account services, asset operations, cards operations, payments & transactions, trade services,...
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Global equity funds face huge outflows ahead of Fed rate decision
Investors liquidated equity funds at the fastest rate in 15 years in the week to December 18, driven by caution and profit-taking in anticipation of a hawkish outcome from the US Federal Reserve's policy meeting after a recent market rally, reports Reuters.According to LSEG Lipper data, investors divested a net...
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