Stocks down on pre-Eid sell pressure
The equity benchmark index failed to sustain its positive momentum this week, wiping out all the gains from the previous week, as investors opted to book profits on quick gaining stocks in the run-up to Eid holidays.Market operators said investors seeking to withdraw cash in preparation for the festivities offloaded...
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Loss-making Progressive Life flying high on DSE
Progressive Life Insurance Company, a Z-category stock, has been flying high on the Dhaka Stock Exchange (DSE), posting a staggering 71 per cent increase in its share price over the past month. The loss-making life insurer's stock soared to Tk 62.30 on Thursday, up from Tk 36.4 on February 23,...
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CoreWeave targets up to $32b valuation in test for AI IPOs
CoreWeave is targeting a valuation of up to $32 billion on a fully diluted basis in its US initial public offering, as the Nvidia-backed startup bets on strong demand for generative artificial intelligence, reports Reuters.The listing is seen as crucial to the revival of a largely moribund US IPO market,...
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Global equity funds see selloff on tariff woes
Investors pulled heavily out of global equity funds during the week through March 19 on lingering worries over the potential impact of US President Donald Trump's aggressive trade policies on global economy, reports Reuters.They offloaded a net $29.7 billion worth of global equity funds during the week, the most for...
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