Stocks end flat amid selling pressure
The benchmark equity index closed the week almost flat as a three-day rally lost momentum on the last trading session of the week, with bargain hunters rushing to secure short-term gains amid cautious trading amid subdued sentiment.During the week, news of the interest rate being revised down on the Tk...
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Salvo Chemical now plans to issue shares at Tk 16 each to its sponsor-directors
To meet regulatory requirements, Salvo Chemical Industry Ltd has revised its plan and now decides to issue shares at Tk 16 each to its existing sponsor-directors, instead of the earlier price of Tk 10 each.In a price-sensitive disclosure on Thursday, the company referred to earlier news from May 23, and...
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BANK ASIA AWARDS EMPLOYEES FOR DEPOSIT MOBILISATION
Bank Asia PLC has awarded its employees for their remarkable performance in 'Deposit Campaign'. The award giving ceremony was held at Bank Asia Tower in the city on Thursday. Sohail R K Hussain, Managing Director of the bank, and Additional Managing Directors Shafiuzzaman and ANM Mahfuz, along with senior management...
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Global equity funds see robust inflows as investors bet on growth
Global equity funds saw a notable rise in inflows in the week through December 4, driven by a record-setting rally fueled by strong U.S. economic growth prospects and optimism about tech stocks, despite political turmoil in France and South Korea, reports Reuters.Investors pumped a robust $21.8 billion into global equity...
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Investment banks eye 2025 income boom as Trump drives deal rebound
LONDON, Dec 6 (Reuters): President-elect Donald Trump's return to the White House is seen fuelling a dealmaking revival that could bolster investment banking income to $316 billion globally next year, a jump of about 5.7% on 2024, data seen by Reuters shows.M&A bankers are forecast to rake in about $27.6...
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