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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.

Prime Insurance recommends 15pc cash dividend
The board of directors of Prime Insurance has recommended 15 percent cash dividend for the year ended on December 31 in 2017, said an official disclosure on Thursday.

Dhaka hunkers down in anticipation
Dhaka has hunkered down in anticipation of violence as a lower court is expected to deliver a verdict in the Zia Orphanage Graft case. Roads are empty from the morning as few people have brought out cars. Many educational institutions cancelled classes and some shopkeepers kept their shutters down.

Bangladesh’s stocks stay positive at midday Thursday
Bangladesh’s stocks maintained the positive trend at midday on Thursday as investors continued their buying appetite on large-cap stocks.

Razzak dazzles on comeback, SL 105/4 at lunch
The wicket at the Sher-e-Bangla National Stadium lived up to its pre-match billing of being a result pitch as Bangladesh veteran left-arm spinner reminded all and sundry of the dangers he can pose on a responsive Mirpur wicket by prising out three of the four Sri Lanka wickets to fall before lunch. Having won the toss and not hesitating to bat first on a pitch where dark footmarks appeared within the first two hours of the match, Sri Lanka reached the first interval of the series decider on a shaky 105 for four with the rest of the day promising even more turn and venom from Bangladesh’s three-pronged spin attack.

Sensex soars nearly 500 points to 34,565; Sun Pharma climbs 4%, Dr Reddy’s 3%
The S&P BSE Sensex soared nearly 500 points to an intraday high of 34,565.03 and the Nifty jumped 134.35 points to the day’s high of 10,611.05 on heavy buying by domestic institutional investors in realty, IT, healthcare and TECk stocks amid mixed global cues.

Indian rupee wipes off early losses
The Indian rupee wiped off its early losses and was trading a tad strong at 64.26 owing to strong domestic equities and a weak dollar.

Markets in Asia climb despite softer US lead
Most Asian indexes climbed on Thursday after last session’s rally stalled late in the trading day.

Gold declines on firmer dollar amid US rate hike views
Gold prices dropped on Thursday for a third consecutive day, holding near four-week lows hit in the previous session, on a firmer greenback amid expectations of more U.S. interest rate hikes this year.

Oil prices fall as US output soars above 10 million bpd
Oil prices on Thursday were close to their lowest levels this year, with soaring U.S. output undermining OPEC’s efforts to tighten markets and prop up prices.