Briefing 27-07-2022

Push for amending book-building system

DSE Brokers Association of Bangladesh (DBA) has demanded amendment of current book-building system. Terming the existing system faulty, they urged the authorities concerned to amend the bidding system to attract big and well performing companies to the stock market. Page 9

20 nations meet on Afghan problems

Around 20 countries gathered to discuss the overall situation in Afghanistan on the opening day of a two-day conference hosted by Uzbekistan at its capital city Tashkent. India was represented at the gathering by senior diplomat JP Singh, the external affairs ministry's point person for Afghanistan, people familiar with the development said. Page 17

Call to raise intra-D8 trade to $1.3t

The entrepreneurs of the D8 (Developing-8) countries have been urged to gear up efforts to raise intra-trade within the bloc to $1.3 trillion. Addressing the meeting of the D8 entrepreneurs dubbed as 'D-8 Business Forum and Expo', foreign minister Dr AK Abdul Momen made the call on Tuesday. This target can be achieved through collective and sincere efforts by all the stakeholders, he added. Page 20

Oil rises for 2nd day on supply concerns

Oil prices rose on Tuesday for a second day on growing concerns about tightening European supply after Russia, a key energy supplier to the region, cut gas supply through a major pipeline. Brent crude futures rose $1.25, or 1.2 per cent, to $106.40 a barrel by 1359 GMT, extending the previous day's 1.9 per cent gain. US West Texas Intermediate (WTI) crude futures were up 98 cents, or 1 per cent, at $97.68 after climbing by 2.1 per cent on Monday. Page 19