Stocks fall as investor sentiment dips
Stocks ended the outgoing week in the red, extending the losing streak to a third week, as the investors continued selloffs on sector-specific shares amid the ongoing earnings season.Of the five trading days during this week, the first two sessions suffered losses while the remaining three ended higher as the...
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Olympic Industries’ profit slumps to seven-year low on high production cost
The net profit of Olympic Industries Limited slumped to nearly Tk 1.21 billion in fiscal year (FY) 2021-22, the lowest in seven years, dented by higher production cost and rising raw materials prices.The country's leading biscuit maker has reported a profit after tax of Tk 1.21 billion for the year...
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Global equity funds receive inflows for first time in 10 weeks
Global equity funds attracted money inflows in the week ended October 26, bolstered by expectations the Federal Reserve would slow its pace of rate hikes to counter the economic slowdown, reports Reuters.According to Refinitiv Lipper data, investors bought a net $7.8 billion worth of global equity funds in the week,...
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School banking campaign held in city
Dhaka Bank Limited carried out a school banking campaign at Rajuk Uttara Medel College in Dhaka recently, says a statement.Emranul Huq, Managing Director & CEO of the bank, was present as special guest at the programme.Anisul Hoque, Editor of Kishore Alo, was present as the chief guest and Md Mostaque...
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