Tuesday’s midday business round up of Bangladesh

Last updated: January 3, 2017

Dhaka, Bangladesh (BBN) – The BBN (Bangladesh Business News) has prepared the midday business round up compiling reports, published by different newspapers and news portals in Bangladesh.

Bangladesh Taka appreciates by 4 paisa against US$ at customer level
The Bangladesh Taka (BDT) appreciated by nearly four paisa against the US dollar at customer level on Monday.

Traders claim DCC market fire pre-planned
Shop owners and staff of Gulshan 1 DCC market have blamed the city corporation authorities and Metro Group for the deadly fire that broke out early Tuesday and damaged several hundred shops.

New Tk5 note to hit market Thursday
The government is going to release new Tk5 notes in the market from January 5.

Bangladesh’s stocks stay positive amid volatility at midday
Bangladesh’s stocks keep the early hour’s positive trend in midday Tuesday amid volatility, the third session of the New Year, as investors played both sides of trading fence.

Euro may overlook German CPI uptick, US ISM survey in focus
The US Dollar corrected lower overnight having traded broadly higher against its major counterparts in yesterday. The Australian and New Zealand Dollars proved best-supported, which may reflect the two currencies’ allure as the highest yielders in the G10 FX space.

Banks’ Q1 performance causes concerns
Bangladesh’s banking sector performance witnessed some concerns including higher classified loans in the first quarter (Q1) of this fiscal year (FY) compared to that of the previous quarter.

Indian Rupee trading strong at 68.09
Indian rupee strengthened to 68.05 on fresh US dollar selling by banks and exporters and the dollar’s weakness against other currencies overseas.

Sensex up 85 pts on core sector growth; consumer durables stocks spurt
The Sensex and Nifty were trading higher by nearly 0.4 per cent due to a pick-up in infrastructure sector in November coupled with firm Asian cues.

Asian markets higher; China Caixin PMI beats forecasts
Asian markets gained on Tuesday after a key indicator of China’s private manufacturing showed a robust gain in December.Mainland Chinese shares started the New Year on stronger footing, with the Shanghai composite up 0.15 per cent and the Shenzhen composite rising 0.314 per cent.
BBN/SS/ANS

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