Briefing 2023-07-16

Why capital gains in bank, food

sectors signify nothing

Except for the bank and food sectors, all other major sectors with a large share of the stock market remained almost flat showing no significant growth in value over the last nearly one year. Each of the sectors witnessed 8 per cent growth in market value since the re-imposition of the floor price until July 11, but the capital gain was limited to small-cap stocks. Page 9

Landslides, floods kill 22 in S Korea

At least 22 people have been killed by deadly flooding in South Korea, as torrential rainfall continues to batter central regions. A third day of downpours triggered landslides and caused a major dam in the central North Chungcheong province to overflow. Heavy rain submerged roads, swept away cars and disrupted railways. Page 14

Tigers eye T20 series victory today

Bangladesh are eyeing third successive series victory in T20 format when they will take on Afghanistan in the second and final match at the Sylhet International Cricket Stadium today (Sunday). Page 13

BD seeks support for climate activities

Minister of Environment, Forest and Climate Change Md Shahab Uddin said Bangladesh is seeking financial support from the International Financial Institutions and Development Partners for its adaptation activities. Page 16