Briefing 22-04-2022

DSE turnover surpasses Tk 7.50b mark
Daily turnover on the Dhaka Stock Exchange (DSE) crossed Tk 7.50-billion mark on Thursday, as some institutional investors, buoyed by regulatory measures, pumped fresh funds into stocks. Turnover, a crucial indicator of the market, clocked in at Tk 7.54 billion on the country's premier bourse, 25 per cent up from the previous day's volume of Tk 6.05 billion. Page 9
Oil prices rise on supply concerns
Oil prices rose on Thursday amid concerns about supply as the European Union (EU) mulls a potential ban on Russian oil imports days after diminished supplies from Libya rocked the market. Brent crude futures rose $1.58, or 1.5 per cent, to $108.38 a barrel at 1343 GMT. US West Texas Intermediate (WTI) crude futures gained $1.64, or 1.6 per cent, to $103.83 a barrel. Page 19
Russia’s missile test fuels US fears
President Vladimir Putin's calculated move to test-launch a new intercontinental ballistic missile, declaring it a warning to those in the West who "try to threaten our country," fed into a growing concern inside the Biden administration: that Russia is now so isolated from the rest of the world that Putin sees little downside to provocative actions. Page 17
FBCCI seeks easier licensing process
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has called upon the government to put an end to the complexities in obtaining and renewing licences to help reduce cost of doing business. The apex trade body made the demand at a seminar titled ' Present Situation of the One Stop Service System of BIDA' jointly organised by FBCCI and Bangladesh Investment Development Authority (BIDA) held at FBCCI on Thursday. Page 20