Briefing 20-04-2022
Wednesday, 20 April 2022
Regulator's latest step helps stocks rebound
The market rebounded on Tuesday, snapping a two-day massive fall, as the bargain hunters put fresh bets on lucrative stocks taking the advantage of recent price erosion. Market analysts said the stocks rebounded with renewed investors' optimism as aggressive sell-off was halted following the securities regulator intervention. Page 9
Shakib joins Rupganj
All-rounder Shakib al Hasan joins Legends of Rupganj for the remaining part of Dhaka Premier League, the country's traditional club based tournament, in order to prepare for the upcoming home series against Sri Lanka. Legends chairman Lutfur Rahman Badal confirmed the development to the agency on Tuesday that also ends up speculation regarding his availability in the two-match Test series against Lankans, scheduled from May 15. Page 15
Lankan president’s wings to be clipped
Sri Lanka's prime minister said Tuesday the constitution will be changed to clip presidential powers and empower Parliament as protesters continued to call on the president and his powerful family to quit over the country's economic crisis. Page 17
Oil prices dip on demand concerns
Oil prices fell in volatile trading on Tuesday on demand concerns after the International Monetary Fund (IMF) reduced its economic growth forecasts and warned of higher inflation. Brent crude was down $3.94, or 3.4 per cent, to $109.22 a barrel at 1338 GMT, having risen more than $1 to $114.21 earlier in the session. Page 19