Briefing 2023-01-14

Bargain hunting pushes stocks up

Stocks bounced back in the outgoing week that ended on Thursday, with turnover gaining momentum as bargain hunters, buoyed by regulatory moves, chased sector-specific shares. As the two regulators concerned remained stuck to their past decisions, stock investors seemed to be encouraged to put bets on some oversold stocks, market insiders said. Page 9

DNCC introduces holiday market

The Dhaka North City Corporation (DNCC) on Friday launched its first holiday market in the city's Agargaon, with special focus on promoting the small and medium enterprises (SMEs). The city authorities will gradually introduce such market across the 54 wards upon success of the first venture (holiday market). Page 16

Iftikhar, Zadran behind Barishal's win

Pakistan recruit Iftikhar Ahmed blasted a 26 ball-57 not out as Fortune Barishal cruised to a 26-run win over Chattogram Challengers in the first match of the Chattogram phase of BPL on Friday at Zahur Ahmed Chowdhury Stadium. Thanks to Iftikhar's knock which included three fours and five sixes, Barishal compiled a hefty 202-7, which was too much for the hosts as they were restricted to 176-4 eventually. Page 13

UN chief urges nations to uphold UN values

UN Secretary-General Antonio Guterres on Thursday called on all member states to uphold the vision and the values of the UN Charter and the rule of law in particular. "First and foremost, I urge all member states to uphold the vision and the values of the United Nations Charter and the Universal Declaration of Human Rights, and to abide by international law," the UN chief told a Security Council meeting. Page 14