Stocks pick up steam amid renewed optimism
Stocks rose sharply higher, extending gains for a second straight week with robust market participation, as clarity on the upcoming election roadmap and encouraging macroeconomic indicators bolstered investor sentiment.Analysts said well-performing stocks remained the focus for investors, driven by attractive valuations and a decline in interest rates on government securities.The...
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ISN shares jump 150pc in three weeks sans price sensitive info
Information Services Network Ltd (ISN) has been flying high on the Dhaka Stock Exchange (DSE) despite repeated warnings from the company that there is no undisclosed information for abnormal price hike.The IT Company, which is under 'B' category, has reported a loss of Tk 1.86 million for nine months through...
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China tech giant JD.Com unit, two other firms plan $1 billion Singapore REIT
SINGAPORE/HONG KONG, Aug 29 (Reuters): The property investment arm of Chinese e-commerce giant JD.Com and two other firms plan to launch a Singapore-based real estate investment trust (REIT) with assets potentially valued at more than $1 billion, said two sources with knowledge of the matter.JD Property, the unlisted infrastructure investment...
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BRAC BANK NAMED 'BEST BANK' AT C'WEALTH BUSINESS EXCELLENCE AWARDS
BRAC Bank has been honoured with the title of 'Best Bank in the Private Sector' of Bangladesh at the Commonwealth Business Excellence Awards 2025, held in Kuala Lumpur, Malaysia, on Friday. The accolade recognises BRAC Bank's outstanding achievements in business excellence, innovation, customer-centric governance, and its contributions to the people,...
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American Bitcoin, backed by Trump sons, aims to start trading on Nasdaq in Sept
HONG KONG, Aug 29 (Reuters): American Bitcoin, the bitcoin miner backed by two of U.S. President Donald Trump's sons, has locked in crypto and traditional investors to back an all-stock merger that will allow the firm to soon start trading on the Nasdaq, the company's largest investor said.The unlisted firm's...
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Gap forecasts weaker annual growth amid tariff concerns
Gap on Thursday forecast weaker annual operating margin growth after posting quarterly comparable sales below estimates, driven by impacts from tariffs on imports of goods to the U.S., sending its shares down about 10% in extended trading, reports Reuters.The company in May said that it had expected about $250 million...
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