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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.
Bangladesh’s stocks stay in positive trend at midday
Bangladesh’s stocks stayed in the positive trend at midday on Monday as some investors continued their buying appetite on sector-wise stocks.
Sensex surges 218 points; Nifty climbs to 10,675
The Sensex was trading higher by nearly 170 points on easing geopolitical concerns and a sharp correction in global crude prices.Strengthening of rupee against the odllar, encouraging earnings by some more companies and easing concerns over US-North Korea summit too boosted the investor sentiment.
Indian rupee strengthens to 67.39 on fresh dollar selling
The Indian rupee strengthened by 39 paise to 67.39 against the dollar at the interbank forex market today on fresh selling of the greenback by exporters and banks.
Most Asian markets edge higher, with oil prices extending losses
Asian markets reversed early losses to edge higher on Monday, following positive weekend news regarding U.S.-North Korea relations. Investors also digested the extended slide in oil prices after top producers indicated output could increase.
Gold dips on revived hopes of US-North Korea summit
Gold prices fell on Monday on revived hopes of a U.S.-North Korea summit, while a strong dollar also weighed on the market.
Oil slumps as OPEC, Russia look to raise output amid US surge
Oil prices slumped on Monday, extending steep declines from Friday, as Saudi Arabia and Russia said they may increase supplies and as U.S. production gains show no signs of abating.
BBN/SSK/AD