Briefing 2023-06-23

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FE Team | Published: June 23, 2023 00:32:27

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Losers in business become winners on DSE
Rumours of speculative betting on securities caused loss-making companies to dominate the list of top gainers on the Dhaka Stock Exchange. Despite ongoing business losses, these companies experienced surges in stock prices, attracting investors hoping for quick profits. The rise of small-cap stocks susceptible to price manipulation is attributed to major contributors to the index being stuck at floor prices. Page 9
Tigers face injury scare ahead of Afghan series
Tamim Iqbal, Liton Das, and Naim Sheikh encountered injury concerns simultaneously during a practice session for the upcoming ODI series against Afghanistan. Tamim Iqbal, already ruled out of the Test, aggravated his back issue. Liton Das suffered discomfort after a hit to his hand, while Naim Sheikh took a blow to the knee but continued batting. Team management assures no major worries. Page 17
China restaurant blast kills 31
A gas explosion at a barbecue restaurant in Yinchuan, China, killed 31 people, including high school students and retirees. The incident occurred during the Dragon Boat Festival holiday weekend. Gas and chemical blasts are not uncommon in China, despite safety improvement efforts. Locals express concern over potential risks and urge vigilance. Page 18
Nepal sees energy co-op potential with BD
The Nepalese Ambassador to Bangladesh Ghanshyam Bhandari highlighted the significant potential for cooperation between the two countries, particularly in the energy sector. In the keynote speech at a dialogue in Dhaka, he expressed optimism about the first trilateral power transaction from Nepal to Bangladesh through the Indian grid and discussed ongoing talks for joint investment in a hydropower project. Page 20