Briefing 11-04-2022

Dhaka stocks snap losing streak
Stocks ended marginally higher on Sunday, snapping a four-day losing streak, as bargain hunters showed their buying interest in the sector-wise issues at lucrative prices. The market witnessed see-saw movement several times before closing higher amid increased participation of investors. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 21.21 points or 0.31 per cent to settle at 6,662, after losing 130 points in the past four consecutive sessions. Page 9
PTI to quit assemblies: Fawad
The Inter-Services Public Relations (ISPR) on Sunday termed a report by the BBC Urdu "fake" that claimed an "unpleasant" meeting between Pakistan Tehreek-e-Insaf (PTI) Chairperson Imran Khan and army chief General Qamar Javed Bajwa took place at the Prime Minister's Office hours before Imran's ouster through a no-trust vote. Page 17
Russia emergency fund up by $3.5b
The Russian government said on Sunday it has increased its reserve fund used for emergency spending by 273.4 billion roubles ($3.52 billion) to ensure economic stability against the backdrop of Western sanctions over Ukraine. The sanctions, imposed after Russia invaded Ukraine on Feb. 24 in what Moscow describes as a "special military operation", cut Russia off from the global financial system and supply channels. Page 14
Indian rice export rates ease
Export prices of rice in India dipped last week as supplies increased following the extension of a government scheme to provide subsidised grains, while rates in Vietnam and Thailand were mostly flat amid softer demand and rising output, reports Reuters. Page 19