FEATURE STORY

Lawmakers in Bangladesh elected ruling party veteran Mirza Fakhrul Islam Alamgir as the country’s president on Thursday, a largely ceremonial post left vacant after the early resignation of his predecessor.

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A late-session bounce saved Dalal Street from a deeper cut, but could not prevent the bears from stamping their authority on Monday. After a strong start, benchmark indices slid over 1% intra-day before recovering half the losses, closing marginally lower on cautious trade ahead of a major US announcement on Iran.

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