Moody s rating downgrade to impact foreign investment thedailystar.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedailystar.net Daily Mail and Mail on Sunday newspapers.
Stocks’ bull run fails to bring cheer to insurers
Their premium income fell for first time in at least 12 years
Insurance stocks surged throughout the 2020. But now figures show that insurance companies did not have good business as their premium income fell for the first time in at least 12 years.
The stock prices of non-life insurance companies that usually help hedge the risk of losses from damage and accidents of goods and assets rose over 95 per cent on average throughout 2020.
However, data released by the Insurance Development and Regulatory Authority (IDRA) showed that premium incomes of non-life insurers decreased 7.46 per cent year-on-year to Tk 4,366 crore last year.
Vaccine rollout cheers up stock investors
Key indices climb up across the globe
The start of the Covid-19 vaccine rollout in the UK and the US cheered institutional investors around the world, allowing global stock markets to end higher last week and Bangladesh was no exception.
Institutional investors began taking part in the stock market and most importantly were choosing the manufacturing sector in the Dhaka Stock Exchange.
As the vaccine arrived on the scene, the US and the UK already started administering it into the human body, so investors all over the world are optimistic of the economy bouncing back, said Abdul Latif, a stock investor with around 20 years experience.