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Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Thursday’s midday business round up compiling reports, published by different local and international newspapers and news portals.
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Asia markets gain as BOJ cuts inflation outlook; ECB awaited
Asian indexes were higher in Thursday trade as investors digested the Bank of Japan's announcements and awaited decisions from the Bank Indonesia and the European Central Bank. Japan's benchmark Nikkei 225 rose 0.6 percent and South Korea's Kospi edged up by 0.17 percent.
Bangladesh’s stocks stay red at midday on Thursday
Bangladesh’s stocks stayed in the negative trend at midday on Thursday as cautious investors continued on profit booking mood on sector specific stocks. After witnessing correction in the past three consecutive sessions, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw downward trend amid slow trading activities.
Bangladesh Taka remains unchanged against greenback
The Bangladesh Taka (BDT) remained stable against the US dollar in the inter-bank foreign exchange market in early hour transactions on Thursday. The US dollar was quoted at BDT 80.64 unchanged from the previous level in the inter-bank foreign exchange market till the report was filed at 11:30 am (local time).
Bangladesh’s Rupali Life Ins recommends 10% dividend
The board of directors of Rupali Life Insurance Company has recommended 10 percent cash dividend for the year ended on December 31, 2016, said an official disclosure on Thursday. The final approval will come during the annual general meeting (AGM) scheduled to be held on September 28 at 10:00am at Institute of Diploma Engineers Bangladesh in Dhaka.
Oil steady after big drop in US fuel stocks, but markets remain bloated
Oil prices held steady on Thursday, hanging on to gains made the previous session when falling U.S. crude stocks lifted the market, as analysts offered mixed supply outlooks for the commodity ahead of a key OPEC meeting next week. Crude oil prices are still capped below the key $50-per-barrel mark on concerns about high supplies from the Organization of the Petroleum Exporting Countries (OPEC) despite its pledge to cut output along with non-OPEC producers.
Sensex falls below 32K; IT, metal stocks lose shine
The benchmark BSE index Sensex failed to sustain its initial momentum and fell below the 32,000-level due to fresh selling in metal, IT, TECk and auto stocks amid positive global cues. At 10.15 a.m., the 30-share BSE index Sensex was up 4.3 points or 0.01 per cent at 31,959.65 and the 50-share NSE index Nifty was down 5.3 points or 0.05 per cent at 9,894.35.
Rupee weakens to 64.35
The rupee weakened by 7 paise to 64.35 against the dollar due to fresh demand for the American currency from importers and the dollar's strength against other currencies overseas. But continuous foreign capital inflows and a firm domestic stock market prevented the rupee's further slide.
BBN/SSR/AD
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