Monday’s evening business round up of Bangladesh

Last updated: October 9, 2017

Photo: Getty Images

Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Monday’s evening business round up compiling reports, published by different newspapers and news portals both in local and international.

Bangladesh’s stocks slum after BB fines 7 banks
Bangladesh’s stocks suffered a sharp fall on Monday as investors went on panic sale after Bangladesh Bank (BB) fined seven banks for violating securities rules on share investment.

Bangladesh to get PayPal Oct 19
PayPal services, an international gateway for online payment, will be available to Bangladeshis from October 19. State minister for ICT Division Zunaid Ahmed Palak today confirmed the matter to The Daily Star.

Internet disruption likely in mid Oct
Internet users are likely to face disruption in data services in mid October due to maintenance work of the primary submarine cable under the Bay of Bengal.

Indian rupee strengthens to 65.27 on fresh dollar selling
The Indian rupee strengthened by 11 paisa to 65.27 against the dollar due to dollar selling by banks and exporters.

Sensex ends marginally up; realty stocks major gainers
The Sensex and Nifty ended marginally higher led by realty and consumer durables stocks amid caution ahead of corporate results season that begins later this week.

Mainland China markets shine despite lackluster Caixin services PMI
Most Asia markets closed higher on Monday as investors in Asia digested the release of China Caixin services PMI.

Gold gains amid renewed North Korea fears
Gold prices climbed to their highest in more than a week on Monday as renewed concerns over North Korea's nuclear ambitions stoked safe-haven demand for the precious metal and weighed on the dollar.

Oil up on expectation of Saudi production restraint, lower US rig count
Oil prices edged up on Monday, after a 2 percent slide on Friday, on expectations that Saudi Arabia would continue to restrain its output in order to support prices, and as the amount of rigs drilling for new oil in the United States dipped.

Top 5 things to know in the market on Monday
Here are the top five things you need to know in financial markets on Monday, October 9.
BBN/SSK/ANS

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