Thursday’s evening business round up of Bangladesh

Last updated: November 22, 2018

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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.

United Power rules week’s turnover chart for second week
United Power Generation & Distribution Company dominated the Dhaka Stock Exchange (DSE) turnover chart for the second week in a row that ended on Thursday.

China offers visa on arrival for qualified Bangladeshis
Bangladeshi citizens who are qualified and able to provide relevant supporting documents can apply for port visa, also known as visa on arrival, at relevant Chinese ports, Chinese Embassy official in Dhaka said on Thursday.

Bangladesh’s stocks finish slightly higher after a month
Bangladesh’s stocks finished slightly higher on Thursday with core index of the prime bourse crossing the 5,300-mark after one month as some investors showed their buying spree on sector-wise stocks.

Sensex ends below 35K levels; down 218 points
Due to headwinds from the US markets, the Sensex dropped to a low of 34,937 before settling at 34,981.02, down 218 points. On the NSE, the Nifty lost 73 points to 10,526.75.

Indian rupee rises against US dollar
Rising for the seventh straight day, the Indian rupee strengthened by 46 paise to 71.00 against the US dollar on Thursday on the back of falling crude oil prices.

Asia stocks mixed as investors remain cautious amid uncertainty
Stocks in China were mostly negative on Thursday as investors remained cautious.

Safe-haven dollar dips as risk appetite improves, euro strengthens
The dollar drifted lower in Asian trade on Thursday as demand for safe haven currencies remained subdued after a rebound in global equities, while the euro strengthened on hopes for a resolution of Italy's budget dispute.

Gold steady as risk-on sentiment weighs on dollar
Gold prices held firm on Thursday after hitting the highest in two weeks in the previous session, with improved risk appetite weighing on the U.S. dollar.

Oil dips on swelling US inventories, but expected OPEC supply cut stems losses
Oil prices dipped on Thursday after U.S. crude inventories increased to their highest level since December 2017 amid concerns of an emerging global glut, although an expected supply cut by producer cartel OPEC prevented further drops.

Top 5 things to know in the market on Thursday
Here are the top five things you need to know in financial markets on Thursday, November 22.
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