Monday’s evening business round up of Bangladesh

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 end almost flat after volatile trading

Bangladesh’s stocks ended almost flat on Monday after volatile trading as investors mostly followed cautious stance.

 

Cabinet approves draft of Company (amendment) Law, 2018

The cabinet has approved in principle the draft of ‘The Company (amendment) Law, 2018′ incorporating a provision allowing formation of a ‘one-man company’.

 

Sensex soars 373 points; Nifty climbs to 10,629

Benchmark indices rose about 1 per cent in a volatile trading, led by gains in index heavyweights HDFC Bank Ltd and consumer goods giants Hindustan Unilever Ltd and ITC Ltd.

 

Indian rupee trading a tad strong at 70.68

Rising for the eighth straight day, the Indian rupee climbed 39 paise to 70.30 against the US dollar, as global crude prices slipped below the $60 per barrel mark. According to forex dealers, dollar’s weakness against other currencies overseas and a firm domestic equity market too supported the rupee.

 

Asia markets mixed; oil prices attempt to stage a recovery

Asia markets were mixed on Monday as energy stocks declined after oil prices fell last week to their lowest levels in more than a year.

 

Euro rallies as Italy relief lifts risk appetite

The euro strengthened against major currencies on Monday, with risk appetite lifted after the European Union and Britain agreed a Brexit deal and signs that Italy is willing to reach a compromise over its 2019 budget plans.

 

Gold gains on concerns over growth; focus on Fed, G20

Gold rose on Monday as fears of a slowdown in global economic growth and uncertainty surrounding the U.S. interest rate trajectory bolstered the metal’s appeal ahead of a G20 meeting, with the focus on U.S.-China trade tensions.

 

Oil prices claw back some losses after a ‘Black Friday’ plunge

Oil prices on Monday clawed back some losses from a nearly 8-percent plunge the previous session, but Brent failed to hold above $60 per barrel amid generally weak financial markets.

 

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, November 26.

BBN/SS/AD