Briefing 09-04-2022

Stocks plummet amid sluggish turnover
Stocks plummeted in the outgoing week to Thursday, with jittery investors selling off their shares to skirt further losses amid persistent volatility on the market. Out of the five trading days this week, four sessions suffered losses amid sluggish turnover, as trading hours have been reduced by 30 minutes during the Holy Ramadan. Week on week, the prime DSEX index of Dhaka Stock Exchange (DSE), slid 116.60 points or 1.73 per cent to settle at 6,641, after gaining 4.95 points in the week before. Page 9

Methane emissions at record high in 2021
Levels of methane in the atmosphere increased last year by the largest amount since measurements began four decades ago, government scientists said Thursday, adding to concerns about the planet-warming gas, which spews from oil and natural gas operations. Methane is less abundant in the atmosphere than carbon dioxide, but it is more potent in its near-term effects on global warming. Page 14

IEA to release 120m barrels of oil
The International Energy Agency (IEA) has listed members' contributions to a 120-million-barrel release of crude and oil products from emergency stockpiles aimed at cooling global oil prices following Russia's invasion of Ukraine. Page 15

Eid sales getting pace in city
Sales in the city's shopping malls and fashion houses are gradually getting momentum ahead of the Eid-ul-Fitr, the largest religious festival of the Muslims. People usually buy new outfits and fashion accessories to celebrate the festival. So, shop owners have put on display various types of attractive wears and accessories for fashion-lovers. Page 16