Photo: Investing.com

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.

Ambee Pharma recommends 30pc dividend
The board of directors of Bangladesh’s Ambee Pharmaceuticals has recommended 30 percent cash dividend for the year ended on June 30 in 2017, said an official disclosure on Monday.

Bangladesh’s stocks stay upbeat at midday
Bangladesh’s stocks stayed upbeat at midday on Monday as investors continued their buying binge on sector-wise stocks.

Move to make bond market active
Capital market investors can now buy and sell government securities through the Dhaka Stock Exchange in a development that is expected to make the country’s bond market active.

Sensex trading flat; M&M, ONGC top gainers
The Sensex and Nifty were trading on a flat note due to capital outflows, mixed trend in other Asian bourses and caution ahead of earnings from some more blue-chip companies this week.

Indian rupee drops by 14 paisa to 64.69 on FII outflows
The Indian rupee dropped by 14 paisa to 64.69 against the dollar at the interbank forex market today due to fresh foreign fund outflows.

Asian shares edge lower as Trump’s Asia tour gets rolling; SoftBank falls 2.7%
Most major Asian indexes edged down on Monday as investors digested earnings reports and President Donald Trump’s tour of the region got underway.

Gold steady, but Fed rate hike concerns weigh
Gold held steady on Monday, but hovered near a one-week low hit in the previous session, as largely upbeat U.S. economic data reinforced the prospects of another rate hike by the Federal Reserve next month.

Oil hits highest levels since 2015 amid tightening markets, Saudi purge
Oil prices hit their highest levels since July 2015 early on Monday as markets tightened, while Saudi Arabia’s crown prince cemented his power over the weekend through an anti-corruption crackdown that included high profile arrests.
BBN/SS/AD