Briefing 2022-09-26

Fall in large-caps pulls DSEX down
Stocks began the week in the red as large-cap shares from pharmaceuticals, power and miscellaneous sectors nosedived on Sunday following their recent price surge. The market opened on a positive note but the morning optimism failed to sustain after the first-hour trading due to heavy selling pressure on selective stocks. Page 9
Italy votes as Meloni looks for victory
Italians are deciding whether to choose their most right-wing government since World War Two, in an election being followed closely across Europe. Giorgia Meloni leads the far-right Brothers of Italy party and is aiming to become the country's first female prime minister allied with two other parties on the right. Page 17
BPL names seven franchise owners
After detailed evaluation and assessment of the Expression of Interest (EOI) documents submitted by the intending franchise owners, Bangladesh Premier League (BPL) T20 Governing Council has finalised seven BPL franchises. They all are invited to complete the process of securing Franchise Ownership Rights for the next three (9th, 10th & 11th) editions of the tournament. Page 15
Insurers urged to follow IFRS
Speakers at a seminar on Sunday urged the insurers to follow the international financial reporting standard (IFRS) for playing an important role in achieving the country's economic goals. Following the standards would help ensure transparency in the sector and gain people's trust that lags much behind that of the expectations, they said. Page 20