Dhaka, Bangladesh (BBN) – The BBN (Bangladesh Business News) has prepared the business round up compiling reports, published by different newspapers and news portals Wednesday midday in Bangladesh.

Bangladesh’s stocks stay upbeat at midday
Bangladesh’s stocks stayed upbeat at midday on Wednesday as the investors remained active on large-cap stocks.

Bangladesh Taka remains stable against US dollar
The exchange rate of Bangladesh Taka (BDT) against the US dollar in the inter-bank foreign exchange market remained almost stable in early hour transactions on Wednesday.

Al-Arafa Bank recommends 20pc cash dividend
Al-Arafa Islami Bank Limited has recommended 20 per cent cash dividend for the year ended on December 31, 2016, said an official disclosure on Wednesday.

Asia Pacific Insurance recommends 10pc cash dividend
Asia Pacific General Insurance Company has recommended 10 per cent cash dividend for the year ended on December 31, 2016, said an official disclosure on Wednesday.

Crude trims gains in Asia as EIA data on inventories ahead
Crude oil prices trimmed earlier gain in Asia on Wednesday an output disruption in Libya and shrugged off a larger than expected build in US inventories as estimated by an industry group and awaited official government figures later in the day.

Gold dips in Asia with details of historic Brexit start awaited
Gold dipped in Asia on Wednesday with markets awaiting the UK’s formal move to start a split from the European Union later in the day, an historic moment that will see British Prime Minister Theresa May outline the end game on areas from trade to defense cooperation.

Sensex gains 114 points ahead of March F&O expiry
The Sensex and Nifty were trading higher by nearly 0.4 per cent due to covering-up of pending short positions by investors ahead of the March derivatives contract expiry tomorrow.

Indian Rupee gains 9 paisa against the US dollar
The Indian rupee advanced 9 paisa against the US dollar to breach the 65 level at 64.95 — a fresh 17-month high — in early session Wednesday on increased liquidation of the American currency by exporters and banks.

Asian shares mostly higher, UK Brexit formalization ahead
Asian markets were mostly higher on Wednesday, after US equities rose higher on the back of a strong consumer confidence survey with markets awaiting the formal move by the UK to start an historic split with the European Union.
BBN/SK/AD