Bargain buying snaps three-week market downturn
The benchmark equity index rebounded this week, paring more than half of the sharp losses suffered in the previous week and snapping a three-week losing streak, as bargain hunters showed renewed buying interest in beaten-down stocks.Analysts noted that the market showed signs of recovery momentum, as opportunistic investors moved to...
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Eastern Lubricants sees 74pc surge in profit
Eastern Lubricants Blenders saw its profit jump 74 per cent year-on-year to Tk 68.53 million for FY'25, driven by higher sales of base oil and a significant boost in non-operating income.The state-run company's earnings per share (EPS) for FY'25 stood at Tk 43.18, up from Tk 24.82 in the previous...
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BRAC BANK SIGNS PARTNERSHIP AGREEMENT WITH SMC ENTERPRISE
BRAC Bank has entered into a partnership with SMC Enterprise Ltd. to streamline its nationwide receivable operations through a modern cash management solution. Through this arrangement, SMC Enterprise will utilise BRAC Bank's virtual account system to collect payments from distributors in real time, ensuring accuracy in receivables and reducing manual...
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Global equity funds draw inflows for ninth week on earnings optimism
Global equity funds attracted inflows for a ninth straight week as fund investors, encouraged by an overall strong third-quarter earnings season, brushed off concerns about lofty tech valuations, reports Reuters.LSEG Lipper data showed that investors bought a net $4.43 billion worth of global equity funds during the week to November...
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Asia-Pacific markets decline as tech stocks extend losses
Asia-Pacific markets fell Friday, after US tech stocks lost ground and investors' hopes of a December rate cut by the Federal Reserve faded, reports CNBC.Japan's Nikkei 225 tumbled 2.4 per cent to close at 48,625.88, while the Topix index ended the day flat.Tech conglomerate SoftBank plunged more than 10 per...
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