Dhaka, Bangladesh (BBN) - The BBN (Bangladesh Business News) has prepared the midday business round up compiling reports, published by different newspapers and news portals in Bangladesh.
Bangladesh’s stocks open positive
Bangladesh’s stocks witnessed upward trend in early hour of trading on Wednesday, the third trading session of the week. Both bourses — the premier bourse Dhaka Stock Exchange (DSE) and the port city bourse Chittagong Stock Exchange (CSE) saw positive trend when filed the report at 10:45am.
Bangladesh’s call money turnover falls, FX stable
The inter-bank call money and foreign exchange opened almost stable on Wednesday, treasury officials said. The call rate ranged between 2.00 per cent and 4.50 per cent against 2.75 per cent and 4.50 per cent of the previous working day, market operators told the BBN.
Gemeni Sea Food recommends 70pc dividend
The board of directors of Gemeni Sea Food has recommended 20 percent cash and 50 percent stock dividend for the year ended on June 30, 2016, said a an official disclosure on Wednesday. The final approval will come during the annual general meeting (AGM) scheduled to be held on September 21 at 11:30am at Celebrity Convention Centre, Dhanmondi in Dhaka.
Apex Tannery recommends 40pc cash dividend
The board of directors of Apex Tannery Limited has recommended 40 percent cash dividend for the year ended on June 30, 2016, said an official disclosure on Wednesday. The final approval will come during the annual general meeting (AGM) scheduled to be held on October 2 at 10am at Gulshan Shooting Sport Federation in Dhaka.
Bangladesh Bank purchases $40m more from three banks
The central bank of Bangladesh purchased US$40 million more from three commercial banks on Tuesday to keep the inter-bank foreign exchange (forex) market stable, officials said. “The central bank is buying the US currency continuously from the banks directly at market rate to protect the interests of exporters and migrant workers by keeping the exchange rate of the Bangladesh Taka (BDT) against the US dollar stable,” a senior official of the Bangladesh Bank (BB) told BBN in Dhaka.
Sensex up 66 points, Nifty holds 8,600; Just Dial falls 5.3%
Benchmark BSE Sensex was trading higher on Wednesday after oscillating between red and green in the early session taking cues from cautious global markets amid US Federal Reserve indicating raising interest rates as early as September. Besides, domestic sentiment was affected by the discouraging macro-economic data as wholesale inflation soared to a 23-month high of 3.55% in July, making investors trim their positions.
Shenzhen-Hong Kong stock tie up approved by government
China has approved a long-anticipated trading link between Hong Kong and Shenzhen’s stock markets and abolished an overall quota limit that investors considered restrictive. The Shenzhen Connect was supposed to be launched more than a year ago but was postponed due to market volatility, reports BBC. It is now expected to go live by the end of the year.
BBN/SSR/AD