Stocks halt rout in choppy trade
Stocks posted a slight uptick last week following six consecutive weeks of declines, as bargain hunters snapped up lucrative blue-chip stocks in anticipation of short-term gains.After hitting a fresh five-year low last week, the market gained some ground, buoyed by regulatory efforts, although economic and political uncertainties continue to cloud...
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Phoenix Finance suffers record loss of Tk 8b in 2024
Phoenix Finance and Investments suffered a record loss in 2024, driven by increased provisioning and reduced income from the ailing stock market.The non-bank financial institution reported a loss of Tk 8.08 billion in 2024, compared to a loss of Tk 7.05 billion the previous year.As a result, the company's loss...
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AL-ARAFAH ISLAMI BANK SYLHET ZONE HOSTS TOWN HALL MEETING
A daylong 'Town Hall Meeting' of Al-Arafah Islami Bank Sylhet Zone was held at Bangladesh Academy for Rural Development (BARD) in Cumilla on Friday. Managing Director (Current Charge) of the bank Mohd. Rafat Ullah Khan inaugurated the event as the chief guest. Deputy Managing Directors Md Asaduzzaman Bhuiyan and Mohammed...
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Global equity funds see biggest weekly outflow in six weeks
Global equity funds have seen weekly outflows for the first time in six weeks, pressured by rising US Treasury yields and mounting concerns over the US debt burden and tax-cut legislation, following Moody's downgrade of the US sovereign credit rating, reports Reuters. According to LSEG Lipper, global equity funds saw...
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