Stocks edge higher as investors bet on undervalued equities
Stocks closed the week marginally higher, supported by bargain hunting in beaten-down equities, even as record-high fuel price hikes and persistent Middle East tensions cast a shadow over investor sentiment.The benchmark indices managed to eke out gains as selective accumulation of undervalued stocks by tactical investors helped cushion broader market...
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Peoples Ins profit jumps 57pc on premium growth
Peoples Insurance PLC has reported a record profit for the year 2025, driven by strong premium growth, improved underwriting performance and lower claim expenses.The non-life insurer posted a profit of Tk 313 million for the year, registering a 57 per cent surge from Tk 199 million in 2024. The strong...
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IFIC BANK OPENS EIGHT NEW ATM BOOTHS-
IFIC BANK OPENS EIGHT NEW ATM BOOTHSTo make financial transactions easier, faster and more secure, IFIC Bank is installing more than 150 ATM booths across the country this year. As part of this initiative, Chairman of the bank Md. Mehmood Husain virtually inaugurated eight new ATM booths at a programme...
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Nestle rides out Iran war impact, seeks turnaround in China
LONDON, April 24 (Reuters): Nestle beat first-quarter sales forecasts and stuck to its annual outlook on Thursday, riding out the impact of the Iran war though it warned about the risk of higher energy and freight costs and a needed turnaround in a tough China market.The world's biggest packaged food...
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Global equity fund inflows surge to 17-month high on AI optimism
Weekly inflows into global equity funds surged to a more than 17-month high in the week through April 22, fuelled by optimism over demand for artificial intelligence and robust first-quarter earnings from some major US banks, reports Reuters.According to LSEG Lipper data, global equity funds attracted net weekly investments of...
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