Briefing 06-09-2022

Stocks succumb to profit taking
The benchmark equity index dropped further on Monday, extending the losing streak for a second straight session as shaky investors rushed to lock in profits from quick-gaining stocks. The market witnessed see-saw trading right from the start of the session, which turned into a free-fall in the later part of the session. Page 9
Deadly tremors jolt Chinese, Afghan cities
A 6.6 magnitude earthquake has hit southwestern China, killing at least 21 people. The quake struck at 13:00 local time (05:00 GMT) in Sichuan province at a depth of 10km (6 miles). The impact severed telecommunications lines and triggered mountain landslides that caused "serious damage", local media reports say. Page 17
India-SL do-or-die Super Four tie today
After losing to arch-rivals Pakistan in the first match of Super Four, India take on Sri Lanka in their second match of the Asia Cup 2022 at Dubai International Cricket Stadium on Tuesday. It
will be the 26th Twenty-20 International match between the two teams and the second in Asia Cup. Page 15
Forex rate stable after BB tightens spending
Bangladesh Bank's move to curb foreign currency spending has resulted in stability in the market after a jump in the exchange rate over the last four months. Through several regulatory measures against some banks and money exchange houses, the volatile forex market is seemingly stable now. Banks' and kerb market's exchange rate of US dollar stood at Tk 95 and Tk 98-100 respectively. Page 20