Stocks rebound on regulatory measures, strong earnings
The benchmark equity index rebounded strongly this week after a five-week rout, potentially signalling an end to the downward trend, as bargain hunters came out of the sidelines to snap up beaten-down stocks. Favourable earnings reports and regulatory moves to restore stability in the market contributed to the index's recovery.Analysts...
Read more
City Bank's Q3 profit jumps 41pc on higher investment income
City Bank PLC posted an impressive 41 per cent year-on-year profit growth, reaching Tk 2.01 billion in the third quarter (Q3) of this year, driven by substantial income from investments, particularly in government securities.The private commercial bank's consolidated earnings per share (EPS) stood at Tk 1.49 for this July-September quarter,...
Read more
FIRST SECURITY ISLAMI BANK HOLDS BOARD MEETING
The 274th meeting of the Board of Directors of First Security Islami Bank PLC was held at its Head Office in Dhaka on Thursday, with its Chairman Mohammad Abdul Mannan in the chair. The meeting approved the unaudited financial statement for the third quarter (Q3) that ended on September 30....
Read more
Exxon, Chevron surpass Q3 profit expectations on record oil output
NEW YORK, Nov 1 (Reuters): US oil producers Exxon Mobil and Chevron posted better-than-expected third-quarter profits on Friday, outperforming their European rivals, as record high oil production cushioned the blow from a plunge in fuel margins.The two focused on expanding oil and gas production as rivals BP and Shell spent...
Read more
