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Road accident kills 3 Bangladeshis in Oman
Three Bangladeshi citizens were killed after a car carrying them skidded off in Oman on Sunday morning.
The deceased were identified as Md Jahed, 42, Absar, 45 and Salahuddin, all of them hailing from different villages under Rangunia upazila of Chattogram.
They used to work at Modern Rose Trading Enterprise LLC in Muscat of Oman.
Mohammad Rezaul Karim, the Bangladeshi owner of the company, confirmed the matter.
Rezaul Karim said a private car carrying the victims skidded off the road after its driver lost control of the vehicle at Tamrit area in the morning while they were returning to Muscat after finishing their works from Salalah city, 1,000 kilometres away from Muscat, leaving the trio dead on the spot.
The photo shows the damaged private car. Photo: Collected
Rezaul Karim said the accident happened in Tamrit area in the morning as a private car carrying them skidded off the road after its driver lost control of the vehicle, leaving the trio dead on the spot.
The victims were returning to Muscat after finishing their works from Salalah city, 1,000 kilometres away from Muscat, he said.
Of the dead, car driver Md Jahed is the nephew of the Bangladeshi owner of the company.
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66 stocks can fall max 2pc a day
Star Business Report
Star Business Report
Stocks of 66 listed companies, for whom the floor price was recently lifted, will be allowed to fall a maximum of 2 per cent a day instead of the usual 10 per cent.
The market has a circuit breaker or trading curb which limits abnormal price fluctuations to 10 per cent in both directions for all stocks.
However, the latest decision of the stock market regulator has kept unchanged the upper limit, meaning a 10 per cent rise will be allowed a day.
The floor price, which is essentially a limit on how low prices can go, was set for all stocks on March 19, 2020 by the Bangladesh Securities and Exchange Commission (BSEC).
Lockdown tip: Hold on to good stocks
Analysts advise investors not to panic
With a new lockdown coming up to curb the fast spread of the coronavirus, stock market analysts have recommended not to panic and holding on to shares of companies with good performance records.
Road Transport and Bridges Minister Obaidul Quader yesterday made public the government decision to impose a seven-day countrywide lockdown from Monday.
Investors need to have patience during the crisis period and they should not sell shares of companies showcasing good performances, said Sharif Anwar Hossain, president of the DSE Brokers Association (DBA).
Many investors gained profits by purchasing shares at a lower price during last year s lockdown, he said.