Briefing 12-04-2022

Stocks slip into red after single-day break
Stocks slipped into the red on Monday, after a single-day break, as the risk-averse investors sold shares amid lack of clear market direction. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 23.88 points or 0.35 per cent to settle at 6,638, after gaining over 21 points in the previous day. Two other indices also edged lower with the DSE 30 Index, comprising blue chips, shedding 6.60 points to close at 2,451 and the DSE Shariah Index (DSES) fell 5.05 points to finish at 1,454. Page 9
‘Next few days of war are crucial’
Ukraine's president warned his nation Sunday night that the coming week would be as crucial as any in the war. "Russian troops will move to even larger operations in the east of our state," Volodymyr Zelenskyy said in his nightly address. He accused Russia of trying to evade responsibility for war crimes. Page 17
Oil drops below $100 on reserves release
Oil prices dropped by $4 a barrel on Monday, with Brent crude tumbling below $100 on plans to release record volumes of crude and oil products from strategic stocks and on continuing coronavirus lockdowns in China. Brent crude for June delivery was down $4.29, or 4.2 per cent, at $98.49 a barrel by 1341 GMT. US West Texas Intermediate crude lost $4.33, or 4.4 per cent, to $93.93. Page 19
BSTI starts issuing halal certificates
Bangladesh Standard and Testing Institution (BSTI) started issuing halal certificates for products from Monday. As part of the move, the BSTI issued halal certificates for nine products of three organisations under Olympic Industries on the first day. Page 14