Thursday’s midday business round up of Bangladesh

Last updated: October 5, 2017

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

Bangladesh’s stocks stay upbeat at midday on Thursday
Bangladesh’s stocks maintained the upward trend at midday on Thursday as investors continued their buying spree on sector-wise stocks.

Shakib to be honoured with World Cricket Committee membership
The Marylebone Cricket Club (M.C.C) wishes to appoint Bangladesh’s premium all-rounder Shakib Al Hasan as a member of the World Cricket Committee. The prestigious MCC, founded in 1787 is the owner of the Lord’s cricket ground and has the sole authority on the laws of the game of cricket.

Indian rupee weakens to 65.10 as dollar edges up
The Indian rupee declined 9 paise to 65.10 as the dollar inched up against a basket of peers on Thursday after data shed more positive light on the US economy.

Oil & gas, PSU stocks pull Sensex down 50 points
The Sensex and Nifty pared their initial gains and were trading marginally down due to heavy selling in oil & gas, PSU, consumer durables and banking stocks.

Asia mixed in afternoon trade — Australian retail sales record unexpected fall
Asia traded mixed on Thursday, with some Australian retailers faltering after lower-than-expected sales data showed consumers Down Under were cutting back.

Gold little changed ahead of U.S. jobs data
Gold was mostly unchanged early on Thursday as the dollar held firm on strong U.S. services sector growth, with markets awaiting the key U.S. non-farm payrolls report on Friday.

Oil stabilizes on expectations of extended output cut, but US crude exports drag
Oil prices stabilized on Thursday on expectations that Saudi Arabia and Russia would extend production cuts, although record U.S. exports dragged on the market.
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