Stocks skid as earnings reports weigh
The equity benchmark index failed to sustain its positive momentum this week as investors retreated to the sidelines following a series of earnings reports that fell short of expectations. The market experienced a sluggish pace throughout the week, with investors showing increased caution amid concerns over proposed tightening of margin...
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Square Pharma's profit grows 26pc in Q2 on strong sales
Square Pharmaceuticals, the flagship company of Square Group, posted a nearly 26 per cent year-on-year growth in profit for the second quarter (Q2) of FY25, driven by increased sales. The drug manufacturer's net profit stood at Tk 6.60 billion in October-December 2024, up from Tk 5.25 billion in the same...
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Al Arafah Islami Bank signs payroll banking agreement with IBN Sina Trust
Al-Arafah Islami Bank signed an agreement with the IBN Sina Trust recently to provide payroll banking services for the employees of the Trust. Managing Director & CEO of the bank Farman R Chowdhury and Member (Finance) of the Trust Kazi Harun Or Rashid were present at the ceremony. Deputy Managing...
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Global equity funds draw biggest weekly inflow in five weeks
Global equity funds witnessed a surge in investments in the week through January 29, driven by a record rally in European shares, softened US tariff expectations on China, and prospects of further rate cuts by major central banks, reports Reuters.Investors pumped a robust $15.2 billion into global equity funds during...
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Higher yields drive record demand for Euro zone govt debt sales
LONDON, Jan 31 (Reuters): Euro zone governments saw record demand for bond sales in January, showing that investors are ready to cover unprecedented funding needs if paid the right price.Strong demand for the sales followed a surge in bond yields, as prices fell earlier in the month, driven in part...
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