Stock Market

Stocks extended the winning streak for the second straight sessions on Wednesday as bargain hunters continued their buying binge on insurance sector issues.

The deadline for the companies to meet the regulatory requirement expires on November 30

The Dhaka bourse posted a profit of Tk 27 crore for the financial year that ended on June 30, down 72 per cent year-on-year

Positive news about possible vaccines had helped push the MSCI World Index to a record high earlier in the week, but investors pulled back as a host of countries announced record infection rates and tougher lockdowns.

Stocks slipped into the red in the outgoing week that ended on Thursday as shaky investors opted for booking profit on sector-wise issues based on the latest corporate declarations.

The 25th annual general meeting (AGM) of Chittagong Stock Exchange (CSE) was held on Thursday at the CSE Conference hall in Agrabad, Chattogram.

US President Donald Trump is mounting an unprecedented, and thus far unsuccessful, challenge to last week’s presidential election, but that hasn’t shaken Wall Street’s forward momentum.

Stocks ended lower on Tuesday, after remaining flat in the previous day, as risk-averse investors went on profit booking sell-offs on large-cap issues.

Companies willing to raise funds showed lukewarm response to submit IPO proposals based on the financials for the year ended on June 30 as COVID-19 hit their businesses along with hampering preparation of going public.

Stocks slipped back into the red on Sunday, after a single-day break as risk-averse investors went on late hours selling binge on sector-wise issues.