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Briefing 2023-05-27

May 27, 2023 00:00:00

Stocks surge to 6-month high on buying spree

Stocks reach 6-month high on buoyant investor buying, with DSEX climbing 35.54 points to settle at 6,325.73. Blue-chip DS30 Index up 3.22 points, while DSES Index rises 2.53 points. Medium- and small-cap stocks drive gains in prime index. Page 9

Bashundhara Kings win 4th straight BPL title

Bashundhara Kings win fourth straight BPL title with thrilling 6-4 victory over Sheikh Russel. Dorielton's hat-trick, supported by Robson and Morsalin, seals historic win. Kings led 3-2 at halftime, maintaining dominance throughout the match. Page 13

Oil prices rise amid supply uncertainty

Oil prices rose on Friday amid mixed messages on supply from Russia and Saudi Arabia ahead of the next OPEC+ meeting. Brent crude increased by 1 per cent to $77.03 a barrel, while US West Texas Intermediate rose 1.3 per cent to $72.79 a barrel. Concerns over weaker demand growth and a strengthening dollar added pressure. Page 15

Ctg customs misses revenue target

Chattogram Custom House misses the revenue target for the first ten months of FY23, collecting Tk 48,815 crore in that period due to import decline. The ten-month target was Tk 62,647 crore, while the full-year target stands at Tk 74,206 crore. Page 16

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