News Briefs (2022-04-02)

CAPM declares Unit Fund NAV

CAPM Company Limited has declared the Net Asset Value (NAV) of CAPM Unit Fund. The total NAV of CAPM Unit Fund stood at Tk 130,428,233.64 on the basis of cost price and Tk 144,324,418.05 on the basis of market price at the close of the operations on March 31. The NAV per unit at cost price

and market price of the fund are Tk 117.56 and Tk 130.08 respectively against the face value of Tk 100 per unit. Per unit subscription and surrender prices of the CAPM Unit Fund have been re-fixed at Tk 130.08 and Tk 129.68 respectively. The prices will remain valid from April 03 until announcement of the next NAV.

— Statement

NAV of IBBL Islamic MF

CAPM Company Limited has declared the Net Asset Value (NAV) of CAPM IBBL Islamic Mutual Fund. The total NAV of CAPM IBBL Islamic Mutual Fund stood at Tk 714,085,952.47 on the basis of cost price and Tk 823,276,011.80 on the basis of market price at the close of the operations on March 31. The NAV per unit at cost price and market price of the fund are Tk 10.68 and Tk 12.31 respectively against the face value of Tk 10 per unit. — Statement

Russian stocks hit over 5-week highs

The Russian rouble touched a more than five-week high in early Moscow trade on Friday before settling close to 83 to the dollar, and Russian stocks edged higher, with investors eyeing events in Ukraine and an ongoing gas payments saga. At 0741 GMT, the rouble was 0.1 per cent weaker against the dollar at 83.25, earlier clipping 80.3325, its strongest mark since February 23. It had gained 0.2 per cent to trade at 92.29 versus the euro. On the interbank market, the rouble was as strong as 75 against the dollar earlier this week and was hovering near 82 on Wednesday. The rouble was at 83 to the dollar on the EBS electronic platform. — Reuters

Indian shares close at two-month highs

BENGALURU, Apr 1: Indian shares closed at a two-month high on Friday as power companies rallied on expectations of higher demand in the summer months, while heavyweight financials also lent support. Buoyed by gains late in the session, the NSE Nifty 50 index (.NSEI) closed 1.18 per cent higher at 17,670.45 and the S&P BSE Sensex (.BSESN) rose 1.21 per cent to 59,276.69. Both the indexes added more than 3 per cent this week, helped by a slide in crude prices. After surging due to Russia's invasion of Ukraine, oil prices have retreated this week thanks to a massive reserve release by the United States.

— Reuters