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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 begin year on positive note amid low turnover
The first trading session of the New Year edged higher on Monday amid sluggish trading activities as investors were cautious to take fresh investment.

Shakib leads all-rounder rankings in all formats
Bangladesh’s all-rounder Shakib Al Hasan was the “runaway leader” in all-rounder rankings across all three formats of cricket in 2017, the International Cricket Council (ICC) announces after the rankings were updated.

PM Hasina declares pharmaceuticals ‘Products of the Year’ at DITF
Prime Minister Sheikh Hasina has declared the pharmaceutical products, including their raw materials, as the “Products of the Year” 2018.

Overseas employment sees new record in 2017
Bangladesh sent a record over1.0 million workers abroad with jobs in 2017, highest in the history of overseas employment sector. Earlier the highest number was 875,055 in 2008.

Indian rupee strengthens to 63.63
The Indian rupee strengthened to 63.63 against the US dollar on the first trading day of 2018 on the back of increased selling of the American currency by banks and exporters.

Sensex plunges 244 points on first trading day of 2018
The benchmark BSE Sensex today dropped by 244 points, its biggest single-day fall in the past one month, to close below the key 34,000-mark on the first trading day of 2018 after a late sell-off in auto, banking and IT stocks.

The Week Ahead: 5 things to watch on the economic calendar
Investors will get back to work fast when markets reopen after the Christmas and New Year’s holidays this week, with all eyes on the monthly U.S. employment report due Friday.

Dollar lower in 2018, gold to take out previous 2011 high
By now you know that my swing trading approach is to focus on the 5-6 Month Intermediate Cycle Low (ICL) to establish positions. It seems that everything that I track has the 5-6 month low to low cycle. Sometimes the ICLs come sooner at 4 months or later at 7+ months but the average is 5-6 months.
BBN/SS/AD