The equity benchmark index bounced back in the outgoing week after two weeks of losses, as buoyant investors put fresh bets on shares, riding on renewed optimism spurred by market supportive measures.This week, the regulator took a series of actions, including reinstating normal lower circuit breakers, lifting the floor price...
Read moreBritish American Tobacco Bangladesh (BATBC) dominated the weekly turnover chart this week for the first time in more than two years, while ten most-traded firms accounted for 37 per cent of the transactions on the Dhaka Stock Exchange (DSE). Being upbeat about the development of the country's political landscape, investors...
Read moreMd Nazrul Islam Swapan, a prominent businessman and industrialist, was unanimously elected as the Chairman of the Board of Directors of EXIM Bank at the 174th Emergent Board Meeting of the bank held on Friday, says a press release.Earlier, he served as a member of the board of directors of...
Read moreGlobal bond funds attracted the biggest weekly inflow in six weeks in the seven days to August 28, buoyed by heightened purchases of government bonds amid anticipation of a September Fed rate cut and ongoing Middle East tensions, reports Reuters.According to LSEG data, investors acquired a net 17.69 billion worth...
Read moreSHANGHAI/BEIJING (Reuters) - Major state-owned banks were buying dollars in China's onshore foreign exchange market on Friday to slow down a rising yuan, four people with knowledge of the matter said.The banks' actions come as the yuan strengthened to an eight-month high of 7.0895 per dollar, breaking chart resistance at...
Read moreAsia-Pacific markets climbed Friday after economic data from the US calmed recessionary fears, while investors also assessed a slew of data from Japan, reports CNBC.Initial jobless claims in the US fell to 231,000 from the prior week's 232,000, but were slightly higher than the 230,000 expected by Dow Jones.In addition,...
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