Briefing 2023-10-22
Sunday, 22 October 2023
When hope for capital expansion
lures investors into small-cap stocks
Libra Infusions was the number one gainer last week with an appreciation of 27.53 per cent on the Dhaka Stock Exchange (DSE). Apart from this company, many small-cap companies having weak fundamentals have exhibited abnormal price hikes in the mostly stagnant market. Libra Infusion jumped 101 per cent between July 11 and October 18 though it has been incurring losses since 2020. Page 9
World leaders attend Cairo peace summit
Leaders and top officials from more than a dozen countries have gathered in the Egyptian capital, Cairo, for a conference to discuss ways to "de-escalate" the Israel-Hamas war amid growing fears of a wider Middle East conflict. Page 14