Stocks end flat as investors remain wary
The benchmark equity index ended nearly flat this week as investors took to the sidelines following last week's sharp fall, which dampened market sentiment.The market volatility persisted throughout the week as cautious investors adopt 'wait and see' approach amid uncertainties over the market outlook.However, selling pressure somewhat eased this week,...
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Ring Shine Textiles suffers loss of Tk 396m despite higher revenue
Struggling Ring Shine Textiles has reported a loss of Tk 396 million for July-September quarter this year, despite a rise in revenue.The company also suffered a loss of Tk 430 million in the same quarter last year, according to a filing with the stock exchange on Thursday.As a result, the...
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BRAC BANK PARTNERS WITH SEAGULL HOTELS
BRAC Bank has partnered with Seagull Hotels Limited to extend exclusive Employee Banking services. Under the partnership, Seagull officials will enjoy a convenient and delightful banking experience, including salary accounts, multi-currency debit cards, credit cards, loan facilities, DPS, FD, and a host of benefits and privileges of the BRAC Bank...
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Global equity funds draw ninth weekly inflow in a row
Global investors stepped up purchases in equity funds in the week ended November 27, encouraged by prospects of robust US growth under the Trump administration and boosted by cooling treasury yields, reports Reuters.Investors pumped a substantial $12.19 billion into global equity funds, a jump of 32% compared with about $9.24...
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Talabat set to raise $2b from Dubai IPO
Talabat Holding, one of the biggest food ordering businesses in the Middle East, is set to raise about $2 billion from the largest initial public offering in the UAE this year, after its parent Delivery Hero on Friday priced the offering at the top end of the indicated range, reports...
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