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G20 summit concludes with India, Brazil & Russia boasting success
Indian Prime Minister Narendra Modi concluded the G20 summit on Sunday (10 September), where divisions over the Ukraine conflict and climate change took center stage, granting him a moment in the diplomatic spotlight.
The G20 leaders have been deeply divided over the Ukraine war since Russia’s invasion last year, with Russian President Vladimir Putin notably absent from the summit to avoid political scrutiny. Finding common ground has been a persistent challenge, particularly regarding the ongoing conflict.
In a bid to mitigate a diplomatic embarrassment, India, as the host, pushed for a joint statement on Saturday that condemned the use of force for territorial gain but refrained from direct criticism of Russia. The move was met with mixed reactions, with Kyiv stating that the G20 had “nothing to be proud of,” while Russian Foreign Minister Sergei Lavrov, standing in for Putin, claimed a diplomatic victory by stating that the text didn’t mention Russia.
On Sunday, Modi officially closed the summit by passing a ceremonial gavel to Brazilian President Luiz Inacio Lula da Silva, who will assume the bloc’s presidency in December. Lula emphasized the importance of not letting geopolitical issues overshadow the G20’s discussions and stressed the need for peace and cooperation.
Despite the urgent climate crisis, G20 leaders failed to reach an agreement on phasing out fossil fuels, instead endorsing a target to triple global renewable energy capacity by 2030 and committing to a “phasedown” of coal in line with national circumstances.
Modi, who sees the summit as India’s diplomatic maturation and seeks a permanent seat on the UN Security Council, celebrated the African Union’s accession to the G20, transforming it into a more inclusive “people’s G20.” He also proposed another G20 leaders’ meeting in November via video link, opening the door for Putin and China’s Xi Jinping to participate.
Lula stated that Putin would be welcome to attend next year’s event in Rio de Janeiro, even though Brazil is a signatory to the International Criminal Court (ICC), which has issued a warrant for Putin’s arrest on war crimes charges.
On the summit’s sidelines, Turkish President Recep Tayyip Erdogan held face-to-face talks with Egyptian President Abdel Fattah al-Sisi, marking a significant step in mending a decade-long rift between their countries.
World leaders paid their respects to Mahatma Gandhi, India’s revered independence hero, by visiting the site of his cremation. Many leaders, including Modi, walked barefoot in the rain-dampened area, while others wore slippers as a mark of respect. They observed a moment of silence and laid wreaths at the marble plinth that honors Gandhi’s memory.
Weekly Dhaka Stock Exchange, DSE, Dhaka Bourse has seen a negative performance in Indices, Turnover & Market Capitalization throughout the whole week, This information was disclosed in the weekly market review from the DSE.
According to sources, (5 working days) the turnover of DSE lost by Tk 3 thousand 289 crore 7 lakh (August 18 – August 22). At the same time, the market capitalization has decreased by 16 thousand 132 crore 59 lakh taka.
The benchmark index ‘DSEX’ lost by 203.92 points or 3.45 percent, in the outgoing week. At the end of the week, the index stands at 5,699 points. The Shariah-based index ‘DSES’ dropped 45.64 points or 3.61 percent and therefore the index stands at 1,264 points. The blue-chip index ‘DS30’ decreased by 88.76 points or 4.07 percent, hence the index stands at 2,090 points.
Shares and units worth 3 thousand 122 crore 5 lakh taka were traded in Dhaka Stock Exchange. At the end of the week, the market capitalization stood at 6 lakh 92 thousand 831 crore 80 lakh taka.
Shares and units of 394 companies were traded on Bourse during the week. Of these, 5 shares were unchanged, 357 companies declined, and 32 companies advanced.
Grameenphone Limited has ranked at the top of weekly trading on DSE. The Company records an average turnover of 57 crore 69 lakh taka.
Midland Bank PLC ranked at the top of weekly gainers on DSE. The share has risen 12.09 percent to its highest price.
SEML FBLSL Growth Fund has ranked at the top of weekly losers on DSE. The unit has dropped 14.52 percent lowest in the last week.
Prime Minister Sheikh Hasina today offered solace to the families of those killed during the chaos instigated by BNP-Jamaat terrorists, who exploited the recent quota reform movement. The grieving families met her at her official residence, Ganabhaban.
Among the bereaved were the family members of Abu Sayeed, a student from the English Department at Begum Rokeya University, Rangpur (BRUR), along with 33 other families. Sheikh Hasina presented them with saving certificates and cash as a gesture of assistance.
The sight of the prime minister brought the grieving families to tears. As each family member approached Sheikh Hasina, their emotions overflowed, and they broke down crying.
The prime minister, visibly moved, also struggled to contain her emotions. Tears streamed down her face as she listened to their stories, and she appeared deeply distressed.
In her attempt to console the families, Sheikh Hasina shared her own pain, saying, “Look at me, I am living with so much pain.” She reassured them of her support, expressing that she, too, understands the agony of losing loved ones. “It’s my misery that I have to see your tears,” she continued.
The atmosphere at Ganabhaban was heart-wrenching, filled with grief and shared sorrow.
Present at the event were Speaker Shirin Sharmin Chaudhury and Home Minister Asaduzzaman Khan, with Prime Minister’s Office Secretary Mohammad Salahuddin moderating the proceedings.
Abu Sayeed’s father Makbul Hossain, mother Monwara Begum, and other relatives traveled from Rangpur to Dhaka and attended the gathering at Ganabhaban.
Abu Sayeed, a 12th batch student in the English Department at BRUR, died on July 16 during the quota reform movement in Rangpur. Earlier, on July 26, the BRUR administration provided financial support to Sayeed’s family, delivering a cheque of Taka 750,000 to his parents in Pirganj, Rangpur.
Dhaka Stock Market DSE, Bourse on the first working day of the week, 28th July, ended with a drop in Indices and Turnover from the previous working session. This information is known from DSE sources.
488 crore 38 lakh taka shares were traded on this day. 8 crore 96 lakh less tradings were done in DSE today compared to the previous workday, July 25th, Shares worth Tk 497 crores 34 lakh shares were traded last time, Thursday.
The benchmark DSEX decreased 29.92 points or 5,383 The Shariah-based index DSES lost 5.65 points or 1,177 and the blue-chip index DS30 dropped by 11.51 points or 1,951.
Of the issues traded, 88 advanced, 261 declined and 43 remained unchanged.
Techno Drugs Limited ranked top gainer on DSE, the share price increased by Tk 4.20 paisa or 9.93 percent. On this day, the share was last traded at Tk 46.50 paisa.
Shurwid Industries Limited ranked top loser on the DSE, the share price dropped by Tk 0.30 paisa or 3.00 percent. On this day, the share was last traded at Tk 9.70 paisa.
DSE topped on trade is Agni Systems Limited 28 crore 71 lakh takas of company shares have been traded.
A total of 33 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 31 lakh 74 thousand 737 shares of the companies were traded. The financial value of which is 30 crore 93 lakh taka
