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

Bangladesh’s stocks stay down at midday
Bangladesh’s stocks stayed in the downward trend at midday on Sunday as most of the investors remained on selling binge.

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 almost stable in early hour transactions on Sunday.

Phoenix Finance recommends 20pc cash dividend
Phoenix Finance and Investment has recommended 20 per cent cash dividend for the year ended on December 31, 2016, said an official disclosure on Sunday.

Central Insurance recommends 12pc dividend
Central Insurance Company has recommended 7.0 per cent cash dividend and 5.0 per cent stock dividend for the year ended on December 31, 2016, said an official disclosure on Sunday.

IPO subscription of Nurani Dyeing begins
The initial public offering (IPO) subscription of Nurani Dyeing & Sweater began on Sunday which will raise BDT 430 million from the public using the fixed price method.
BBN/MS/SK