Briefing 24-08-2022

Stocks rally as turnover rises
Stocks extended the winning streak for a sixth straight session on Tuesday, with turnover hitting a fresh seven-month high, thanks to higher participation of general investors. The market opened higher and the key index rose about 52 points in the first three hours, but most of the gains was wiped out in the remaining hour of the session amid short-term profit-booking tendency among the investors. Page 9
Fears grow of Russian attacks
The United States on Tuesday urged its citizens to leave Ukraine, saying it believed Russia was preparing to target civilian and government infrastructure in the next few days as the war reaches the six-month mark. The warning followed a ban by the Ukrainian government on celebrations in the capital Kyiv on Wednesday's anniversary of independence from Soviet rule due to fears of attack. Page 17
Pak troops to provide security at Qatar WC
Pakistan's cabinet has approved a draft agreement that allows the government to provide troops for security at the FIFA soccer World Cup in Qatar later this year, Pakistan's information minister said on Monday. Page 15
BD needs long-term strategy on EU trade
Bangladesh needs to develop a longer-term strategy and action plan for strengthening trade and economic ties with the EU taking the emerging issues and policy shifts there into consideration mainly to address the post graduation challenges. The country also needs to take preparation to grab more EU export market as China might lose 8.0 to 10 per cent market share there within next decade due to the global geo-political changes. Page 20