Stocks end four-week losing streak, but volatility persists
The benchmark equity index bounced back in the outgoing week, snapping a four-week losing streak, as smart investors put fresh bets on beaten-down stocks, pushing the turnover higher.Still, cautious investors stayed on the sidelines to wait for upbeat outlook on both the economic and political fronts. During the week, Dhaka...
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Most MNCs see price gains as market rebounds
Majority of the listed multinational companies (MNCs) witnessed price appreciation on the Dhaka Stock Exchange (DSE) this week. This price gains happened at a time when the market made modest gains, gradually recovering from the shocks experienced over the preceding two weeks.Insiders see the favourable price movements among well-performing companies,...
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Global equity and bond funds see big outflows
Global equity and bond funds saw significant withdrawals in the week ended August 23 amid worries that robust US economic data could keep interest rates elevated for a prolonged period, reports Reuters.Investors also avoided putting money in riskier assets ahead of Fed Chair Jerome Powell's speech at a Jackson Hole...
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Asia markets fall, European mixed
Asia-Pacific markets fell across the board on Friday as investors prepared for signals on US monetary policy from central bankers' comments at the Jackson Hole meeting on Friday, reports CNBC.Japan's Nikkei 225 tumbled 2.05 per cent, leading losses in Asia and closing at 31,624.28. The Topix was down 0.88 per...
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AB Bank Limited signed an agreement with Bangladesh Bank, aiming to provide loans for the CMSME
AB Bank Limited signed an agreement with Bangladesh Bank, aiming to provide loans for the CMSME entrepreneurs under the pre-finance scheme of Tk 250 billion. Mohammad Ashiqur Rahman, Director, SME and Special Programs Department, Bangladesh Bank, and Tarique Afzal, President and Managing Director, AB Bank, signed this agreement.
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