Oil price goes up, gold down

Dhaka stocks make recovery in last week US stocks rise Friday, post best day Wednesday in eight weeks Band bonanza on upcoming Eid festival Gold breaks $1,250 an ounce, oil prices reach at $73.56 per barrel Japanese Yen hovers near 15-year highs against US dollar Call money rates stable last week Apex trade body hosts iftar party Friday Bank holiday Sept 7 IMF to provide $450 million assistance to flood-hit Pakistan Customs stations will remain open Sept 3, 4, 7

Stock Index (closing)

Aug 05, 2010

DSE	Up by 0.67% to 6575.39 points
CSE	Up by 0.21% to 12612.74 points

Exchange Rate

Aug.05, 2010

Currency	Buying	Selling
USD	68.80	69.80
GBP	108.73	111.84
EUR	89.86	92.78
JPY	0.80	0.83

Oil	$77.23/barel
Gold	$1165.85 /ounce
Silver	$17.60 /ounce

Thursday	2.50-3.0%
Wednesday	2.50-3.0%

Inter-bank forex

Wednesday's opening	Tk69.08-09
Tuesday's closing	Tk69.08-09

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Prayer Timing

	Azan	Jamaat
Fajr	4:20	4:55
Zohr	12:45	1:15
Asr	5:00	5:15
Maghrib	6:47	6:50
Esha	8:15	8:45

Oil price goes up, gold down

News

New York, NY (BBN)- U.S. crude oil prices hit an 11-week high above USD 79 per barrel on Friday then retreated to close lower, as markets digested the European bank stress test results while taking support from the temporary loss of some Gulf of Mexico oil production ahead of Tropical Storm Bonnie.

On the other hand, gold prices closed down on Friday as volume thinned and traders digested the results of the bank stress tests from the European Union.

BBN/SSR/SI/AD-25July10-10:57 am (BST)

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