Monday’s midday business round up of Bangladesh

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 positive at midday Monday

Bangladesh’s stocks stayed in the positive trend at midday on Monday as some investors continued on buying spree on sector-wise stocks.

 

Digital Security Bill gets President Hamid’s assent

Amid widespread criticism and concerns over free speech, President Abdul Hamid has signed the Digital Security Bill; thereby enacting it as a law.

 

Sensex, Nifty in the green at mid-session

Taking bearish cues from the Asian markets, the Sensex and the Nifty started the session on a negative note. The Indian domestic benchmark indices opened the session with a gap-down and extended their decline. However, witnessing buying interest at lower levels, the indices bounced back into positive territory.

 

Strong dollar, FII outflows pull rupee down by 14 paisa

The rupee dropped by another 14 paisa to 73.90 per dollar in early trade Monday due to strengthening of dollar against other currencies overseas and unabated foreign fund outflows. The dollar gained strength as China’s central bank eased its domestic policy to support the economy.

 

China markets fall more than 3.7 percent after central bank cuts reserve ratio for lenders

China markets fell to their lowest in months on Monday after the central bank cut the reserve requirement for banks over the weekend.

 

Gold falls as China’s policy ease supports dollar

Gold fell on Monday as the dollar firmed after China’s central bank eased its domestic policy to support the economy amid concerns that an escalating trade dispute with the United States could hurt growth.

 

Oil drops as US considers granting some countries waivers on Iran sanctions

Oil prices fell on Monday after Washington said it may grant waivers to sanctions against Iran’s oil exports next month, and as Saudi Arabia was said to be replacing any potential shortfall from Iran.

BBN/SSK/AD