Briefing 2024-07-07

Bank sector feeling the heat of bad image painted by a few
It is worrisome that 15 out of 36 listed banks are trading below the face value of Tk 10 per share but what is more troubling is that some of them still have a P/E ratio higher than the industry's. For example, AB Bank closed at Tk 7.4 per share on the Dhaka Stock Exchange (DSE) on Thursday, way below the face value. Page 9
Ronaldo's intl career likely to end
Defeat for Portugal at the European Championship on Friday likely brought down the curtain on the extraordinary international career of Cristiano Ronaldo. While Portugal's totemic forward has made no pronouncements on his future with the national team, the 39-year-old struggled to revive former glories at the tournament in Germany and departed Euro 2024 without scoring apart from in shootouts. Page 13
Starmer begins UK 'rebuild' on first day
Newly elected British prime minister Keir Starmer on Saturday began his first full day in charge with a meeting of his Cabinet after his Labour party's landslide election win ended 14 years of Conservative rule. Starmer held his first Cabinet meeting on the day. Page 14