Bangladesh, Dhaka (BBN) – Bangladesh Business News prepares Tuesday’s evening business round up compiling reports, published by different newspapers and news portals.
Bangladesh’s stocks extend winning streak amid rising turnover
Bangladesh’s stocks extended the winning streak for the fifth straight day on Tuesday as investors remained active on major sectors issues. DSEX, the prime index of Dhaka Stock Exchange (DSE), went up by 14.24 points or 0.26 per cent to settle at 5,358. It has been the highest since July 4, 2019, when DSEX was 5,380. DSEX added more than 260 points in the past five consecutive sessions. Total market-cap of DSE surged to BDT 4,442 billion on Tuesday, hitting a fresh all-time high, driven by the biggest-ever issue — Robi. The previous day’s market-cap was also a record high of BDT 4,418 billion.
Bangladesh Govt planning to hold SSC exam in June, HSC in August
Bangladesh government is planning to hold next year’s SSC exam in June. It is also planning to hold the same year’s HSC exam in July-August, Education Minister Dipu Moni said at virtual press briefing. “We would hold the exams if the Covid-19 situation is favourable,” she said.
Oil rises on hopes US pandemic stimulus to spur fuel demand
Oil rose on Tuesday, for the third time in four sessions, on expectations for rising fuel demand as the United States may expand their pandemic aid payments and a final Brexit deal is set to stabilize trade between Europe and the UK. Brent crude climbed 52 cents, or 1%, to $51.38 a barrel, and U.S. West Texas Intermediate (WTI) crude futures added 53 cents, or 1.1%, to $48.15 a barrel.
US futures, global stocks ride the stimulus wave: Markets Wrap
U.S. equity futures rose with global stocks as a wave of stimulus optimism spread across Europe and Asia. The dollar slipped with Treasuries. S&P 500 contracts added 0.5%, pointing to another day of gains in the wake of a combined $2.3 trillion Covid-19 relief and government funding package that won the president’s approval Sunday evening. The MSCI ACWI Index touched its highest level, following records set in U.S. bourses, as the House backed Donald Trump’s proposal to boost stimulus checks to $2,000 from $600.