Briefing 2024-07-02
Tuesday, 2 July 2024
DSE SME board gains 13pc in FY24, advantaged by absence of floor price
The SME market index soared almost 13 per cent year-on-year in the just concluded financial year as it drew a significant number of investors at a time when the main market endured persistent price erosion. Substantial price hikes of most SME stocks in the absence of floor price and inclusion of new companies helped the SME board index soar by 163 points to 1,454 in FY24. Page 9
Win for far right in French first-round vote
Marine Le Pen's far-right National Rally (RN) party scored historic gains to win the first round of France's parliamentary election on Sunday, exit polls showed, but the final result will depend on days of horsetrading before next week's run-off. The RN was seen winning around 34% of the vote, exit polls showed, in a huge setback for President Emmanuel Macron who had called the snap election. Page 11
BPL players' draft to be held in Sept
The players' draft of the 11th edition of the Bangladesh Premier League (BPL) is likely to be held in September. The BCB will finalize the timeframe on Tuesday, said its CEO Nizam Uddin Chowdhury. "We communicated with the teams which played the BPL in its last edition," he said. Page 13