Briefing 03-08-2022

Stocks afloat riding on regulatory support
The stock market extended the winning streak Tuesday with turnover hitting almost three months high on the premier bourse as investors put fresh funds on stocks riding on favourable regulatory interventions. Turnover, a crucial indicator of the market, stood at Tk 11.83 billion on the country's prime bourse, in a further buck by 28 per cent over previous day's tally of Tk 9.22 billion. Page 9
Oil price rises on global demand concerns
Oil rose on Tuesday ahead of a meeting of OPEC+ producers this week that may not lead to a further boost in crude supply, although concern about a possible global recession limited gains. The Organi-zation of the Petroleum Exp-orting Countries and allies including Russia, known as OPEC+, meet on Wednesday. Two of eight sources said a modest output hike would be discussed, while the rest said a boost was unlikely. Page 19
T20 series win for Zimbabwe over Tigers
Zimbabwe clinched their maiden T20I series win over a higher-ranked side when they beat Bangladesh by 10 runs in the third game in Harare on Tuesday. The home side roused a full-house crowd by lifting themselves from 67 for 6 to finish on a competitive 156 for 8, before restricting Bangladesh to 146 for 8 in 20 overs. Page 15
China population starts to shrink by 2025
China's population will begin to shrink by 2025, officials have said, as family sizes grow smaller and citizens age. The world's most-populous country has been grappling with a looming demographic crisis as it faces a rapidly ageing workforce, slowing economy and its weakest population growth in decades. Page 17