Briefing 19-08-2022

Ten cos grab 37pc market cap of DSE

Ten largest listed companies by market value accounted for 37 per cent of the total market capitalisation of Dhaka Stock Exchange as of Wednesday despite price erosion of their stock. The total market cap of the DSE now stands at approximately Tk 5,081 billion, with the top 10 large-cap firms having a combined market value of around Tk 1,875 billion, according to statistics available with the DSE. Page 9

China to send troops to Russia for drills

Chinese troops will travel to Russia to take part in joint military drills, Beijing's defence ministry said. Beijing and Moscow have close defence links and China has said it wants to push bilateral relations "to a higher level," even as Moscow faces international sanctions and widespread condemnation over its war in Ukraine. Page 14

Shakib makes BCB chief optimistic

Bangladesh Cricket Board (BCB) president Nazmul Hassan Papon has confidence about the Tigers' success in the upcoming Asia Cup despite the team's vulnerability in the shortest format of the cricket. The Tigers won just two matches in the last 10 encounters including a 2-1 series defeat at the hands of Zimbabwe, which was their first ever series defeat in this format against the African opponents. Page13

Eight AGMs in a single day!

The embattled Dhaka BRT Company Limited is set to hold eight annual general meetings (AGMs) in a single day on Friday to fulfil its legal obligations. The trouble Gazipur-Airport BRT (bus rapid transit) line has been built under the state-backed company. Although the company's board meeting has been held regularly since its formation in 2013, sources say, no AGM has so far been convened. Page 16