Briefing 11-08-2022

Stocks take a tumble as worries mount

The benchmark equities index dropped sharply lower on Wednesday, extending the losing streak for a third day in a row, as investors remained on the sidelines amid deepening economic worries. The Dhaka Stock Exchange (DSE) opened the day's session in the red and the benchmark DSEX index continued its downtrend throughout the session, punctuated by weak recovery attempts. Page 9

Four Palestinians killed in W Bank

Israeli forces killed four people Tuesday in the occupied West Bank, the Palestinian health ministry said, including two teens and a man Israel said was a senior militant commander. The latest violence comes two days after a truce halted deadly conflict between the Israeli military and Islamic Jihad militants in the coastal Palestinian enclave of Gaza, and as Israeli forces continue months of at times deadly raids in the West Bank. Page 17

Tigers avert clean sweep

Sikandar Raza's golden run ended with a golden duck as his Zimbabwe side lost by 105 runs to Bangladesh on Wednesday in the third one-day international in Harare. An unbeaten 85 by Afif Hossain lifted Bangladesh to 256-9 in 50 overs when put in to bat and Mustafizur Rahman then took 4-17 as Zimbabwe were all out for just 151 in 32.2 overs. Page 15

Global downturn depresses garment export

Bangladesh's apparel export has been on a downturn with utilisation orders showing further fall in latest weeks under an enforced global business crunch, insiders say. Reports of late have it that consumer demand undergoes contraction and some showrooms give a vacant look in the western world, concomitant with recession alarm ringing in some developed economies. Page 14