Thursday’s evening business round up of Bangladesh

Last updated: October 26, 2017

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Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Thursday’s evening business round up compiling reports, published by different newspapers and news portals both in local and international.

Bangladesh’s stocks extend gaining streak
Bangladesh’s stocks extended the gaining streak for the second day in a row on Thursday as some listed companies declared hefty dividend which prompted investors to take fresh stake.

Sensex ends at life-time high of 33,147; Nifty scales new peak of 10,344
Markets continued their record-setting streak for yet another session on Thursday with both the Sensex and Nifty ending at life-time highs due to optimism over earnings and short-covering on derivatives expiry.

Indian rupee jumps 17 paisa to 64.72 due to sustained dollar selling
The Indian rupee appreciated by another 17 paisa to 64.72 against the dollar on Thursday due to sustained selling of the American currency by exporters and banks.

Asia markets tread water as investors digest regional earnings; ECB ahead
Asian shares closed narrowly mixed in Thursday trade following the softer lead from Wall Street and as investors digested regional earnings releases. Notable names on the earnings calendar included SK Hynix, ANZ and OCBC.

Gold gains on weaker dollar; markets brace for ECB decision
Gold prices gained amid a weaker dollar and a firmer euro on Thursday, with the market expecting the European Central Bank to taper monetary stimulus at a meeting later in the day.

Oil trades roughly flat as the market tightens, but US output and exports remain high
Oil prices were little changed on Thursday, pressured by an unexpected increase in U.S. crude inventories and high U.S. production and exports. However, prices remained near multi-month highs as crude markets tightened.
BBN/SSK/ANS

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