Monday’s midday business round up of Bangladesh

Last updated: February 20, 2017

Dhaka, Bangladesh (BBN) – The BBN (Bangladesh Business News) has prepared the business round up compiling reports, published by different newspapers and news portals Monday midday in Bangladesh.

Bangladesh’s stocks fail to stay positive at midday

Bangladesh’s stocks failed to keep the morning hour’s positive trend at midday on Monday as risk-averse investors were busy to book quick-profit on sector specific stocks.

Bangladesh Taka remains stable against US dollar
The exchange rate of Bangladesh Taka (BDT) against the US dollar in the inter-bank foreign exchange market remained stable in early hour transactions on Monday.

IPDC Finance recommends 20pc stock dividend
IPDC Finance has recommended 20 per cent stock dividend for the year ended on December 31, 2016, said an official disclosure on Monday.

Crude gains slightly in Asia in thin trade
Crude edged up slightly in thin Asian trade on Monday with markets on hold ahead of a public holiday in the US.

Gold down slightly in Asia
Gold prices eased slightly in Asia on Monday after a further signal that a rate hike in March is a solid possibility in otherwise light trade with US markets shut for a holiday.

Sensex trading flat
The benchmark BSE Sensex and the NSE index Nifty were trading flat due to profit booking by investors in recent gainers amid mixed Asian cues.

Indian Rupee trading flat at 67.01
Indian rupee was trading flat at 67.01 against the dollar due to dollar's strength against other currencies overseas amid a weak domestic equity market.

Asian markets open lower
Asian markets opened mostly lower on Monday, as investors await further details from President Donald Trump on his economic policies, including tax reforms.
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