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Selling spree pulls bourses down

DHAKA, Nov 4, 2019 (BSS) – Country’s premier bourse, Dhaka Stock Exchange (DSE) bounced back to the downbeat leaving behind the positive vibe of previous session as the risk-averse investors continued their selling spree. Read More »

Bangladesh bourses bounce back

Country’s both the bourses turned back and registered upward trend after the six consecutive days buoyed by the positive note of large cap companies. Country’s capital bourse, Dhaka Stock Exchange (DSE) closed today by returning to green with a mentionable gain in all indexes. “Positive movement of large cap stocks like GP, United power contributed the maximum to the positive ... Read More »

Steps taken to make Bangladesh capital market vibrant: PM

Dhaka, Jul 8 – Prime Minister Sheikh Hasina on Monday said her government has taken various steps to ensure a vibrant capital market that will supplement its efforts to make Bangladesh a developed country by the year 2041. “Various measures are being taken to protect the interests of investors which will ensure a conducive environment for a vibrant capital market,” ... Read More »

Trade truce euphoria eases and markets tread water

London, July 2 (AP/UNB) — Global stock markets traded in fairly narrow ranges Tuesday as investors moved on from the latest truce in the costly US-Chinese trade war. Investors were encouraged Monday by the agreement between Presidents Donald Trump and Xi Jinping of China at a weekend meeting of the Group of 20 major economies to resume trade negotiations. Forecasters ... Read More »

Uber shifts into lower gear, prices IPO at $45

San Francisco, May 10 (AP/UNB) — Uber is about to embark on a wild ride on Wall Street with the biggest and most hotly debated IPO in years. The world’s leading ride-hailing service set the stage for its long-awaited arrival on the stock market by pricing its initial public offering at $45 per share late Thursday. The price is at ... Read More »

Price fall in large-caps drives stocks further down

Dhaka, May 8, 2019 – Stock markets today closed the week with downward trend due mainly to price fall in large-cap securities, official news agency BSS reported on Wednesday. The falling major sectors were pharmaceuticals and chemicals, ceramics and insurance. A total of 165 securities of the large-cap group moved down due to lower activities. The broader DSEX index of ... Read More »

PM Hasina pledges action if anyone plays with share market

She welcomes BNP MPs for joining parliament Dhaka, Apr 30 – Prime Minister Sheikh Hasina on Tuesday warned that action will be taken if anyone wants to play with the share market. “… if anyone wants to play (with the market), obviously we’re taking action and will take so,” she said while giving her winding-up speech in the second session ... Read More »

Google stock drops amid slowing ad-revenue growth

San Francisco, Apr 30 (AP/UNB) — Google parent Alphabet beat analyst earnings expectations but reported slowing revenue growth amid tougher competition in the online advertising market. Alphabet shares dropped more than 7% in after-hours trading. Google’s advertising revenue, its key moneymaker, grew by 15 percent to $30.7 billion — slower than investors had hoped. Google’s digital-ad rivals include Facebook and ... Read More »

Asian shares advance under impact of US-China trade talks

Tokyo, Mar 18 (AP/UNB) — Shares rose in Asia on Monday as investors awaited signs the U.S. and China could be making progress in negotiations on resolving the trade war between the two biggest economies. Japan’s benchmark Nikkei 225 added 0.7 percent in morning trading to 21,591.90. Australia’s S&P/ASX 200 rose 0.1 percent to 6,181.20. South Korea’s Kospi was flat ... Read More »

Saudi wealth fund has shown no interest in bankrolling Tesla buyout

Saudi Arabia’s Public Investment Fund (PIF) has shown no interest so far in financing Tesla Inc CEO Elon Musk’s proposed $72 billion deal to take the U.S. electric car maker private, despite acquiring a minority stake in the company this year, two sources familiar with the matter said. The 47-year-old investor and engineer stunned financial markets when he said on ... Read More »