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

Appreciating mode of BDT against US dollar continues
Appreciating mode of Bangladesh Taka (BDT) against the US dollar in the inter-bank foreign exchange market continued in early hour transactions on Monday.

Bangladesh’s stocks stay positive at midday on Monday
Bangladesh’s stocks stayed positive trend at midday on Monday amid choppy trading as investors were active both sides of trading fence.

Public subscription of BBS Cables begins Tuesday
Initial Public Offering (IPO) subscription of BBS Cables, a sister concern of Bangladesh Building Systems, will begin on Tuesday, which will raise BDT 200 million from the public using the fixed price method.

Economy of hotels, restaurants growing
The hotels and restaurants sector has grown with the estimated size of its economy standing at Tk 68.20 billion in the current fiscal year (FY17).

Indian rupee gains 15 paisa against dollar in early trade
Indian rupee strengthened by 15 paisa to 64.49 per dollar in early trade on selling on Monday of the US dollar by banks and exporters.

Sensex moves up 163 points
The BSE benchmark index Sensex and the NSE’s broader Nifty 50 continued to trade higher in the morning session.

Markets mostly higher in Asia, shrug off N Korea missile test
Asian equities traded mostly higher on Monday, following the continued recovery on Wall Street last week and as investors digest yet another missile test out of North Korea at the weekend.

Gold slightly weaker in Asia as Trump tour eyed, NKorea shrugged off
Gold drifted weaker in Asia on Monday as Donald Trump’s first visits abroad as president were in focus with a flurry of deals signed in Saudi Arabia in the first stop and with investors shrugging off the latest missile test by North Korea at the weekend.

Oil rises on expectation of extended, possibly deepened output cut
Oil prices rose on Monday, supported by reports that an OPEC-led supply cut would not only be extended into next year but might also be deepened in order to tightening the market and prop up prices.
BBN/SS/ANS