Stocks back in the red amid multiple headwinds
Stocks retreated into the red in the outgoing week to Thursday, after a single-week break, as political tensions added to a prolonged bearish sentiment, prompting investors to stay away from the market.Moreover, 82 per cent of shares remain trapped in 'floor price', squeezing the opportunities for investors to derisk their...
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Ten cos grab one-third of DSE turnover
The ten most-traded companies accounted for one-third of transactions on the Dhaka Stock Exchange (DSE) this week, with three IT firms making their way to the top turnover list.The three IT companies are Aamra Networks, Genex Infosys and ADN Telecom.According to available data with the DSE, some 14.72 million Aamra...
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China economy hopes give world markets a boost
LONDON/SYDNEY, Dec 9 (Reuters): World stocks rose on Friday on expectations China's economy would strengthen as COVID-19 curbs ease, but stocks were heading for a 2 per cent weekly loss in nervy markets ahead of the Federal Reserve's policy meeting next week.US S&P futures were up 0.18 per cent, while...
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BRAC Bank hits milestone of 1.0m SME customers
BRAC Bank has achieved a milestone of serving 1.0 million SME customers, an unprecedented accomplishment in the industry, says a press release.In fulfilling the entrepreneurial dreams of the customers, the bank has disbursed SME loans worth Tk 1.0 trillion to grassroots entrepreneurs across the country in the 21 years of...
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Global equity funds see biggest weekly outflows in three months
Outflows from global equity funds in the week ended December 7 hit a three-month high on fears that interest rates could stay higher for longer than expected amid mounting worries about a recession next year, reports Reuters.According to Refinitiv Lipper data, investors offloaded a net $22.03 billion worth of global...
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