$

TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK

TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK

£

TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK

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Rate last updated: 02/01/2014 11:15:04 AM

Important Business News Extracts January 27, 2020

Stocks keep gaining on large-cap issues

Stocks extended the gaining streak for the third straight session on Sunday as bargain hunters continued to show their buying interest on sector specific large-cap issues. DSEX, the prime index of the Dhaka Stock Exchange, went up by 14.31 points or 0.31 per cent to settle at 4,528. The core index added more than 120 points in the past three straight sessions. Market analysts said lucrative price level of selective large-cap stocks attracted bargain hunters, taking the market in the green zone further. Price of five large-cap stocks – British American Tobacco Bangladesh Company, Renata, Olympic Industries, Marico and Delta Life Insurance- surged to help the index nudge higher. The five companies added more than 16 points in DSEX while BATBC alone contributed 9.70 points, according to data of amarstock.com. The market stabilising moves came following 12 months of drastic fall in the share prices that caused the DSEX to dip to a 56-month low on January 14. The DS30 index, comprising blue chips, also gained 2.43 points to finish at 1,545. However, the DSE Shariah Index saw a fractional loss of 0.26 point to close at 1,035. Turnover, another important indicator of the market, stood at Tk 4.74 billion, which was 7.78 per cent lower than the previous day’s transaction of Tk 5.14 billion. Food & allied sector booked the highest gain of 3.59 per cent, followed by engineering with 0.46 per cent, pharmaceuticals 0.37 per cent and banking 0.18 per cent. On the other hand, non-bank financial institutions witnessed the highest loss of 1.88 per cent, followed by telecommunication with 1.67 per cent and power 0.35 per cent. Losers, however, took a slight lead over the gainer, as out of 356 issues traded, 158 closed lower, 150 ended higher and 48 issues remained unchanged on the DSE trading floor. A total number of 145,396 trades were executed in the day’s trading session with trading volume of 173.56 million securities.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/stocks-keep-gaining-on-large-cap-issues-1580059576

Ten most-traded cos snare 29 per cent transaction

Ten most traded companies accounted for more than 29 per cent transactions on Dhaka Stock Exchange on Sunday. LafargeHolcim Bangladesh Ltd dominated the turnover chart for the three consecutive sessions. Market insiders said investors continued to show their interest on the cement maker’s shares after the amalgamation news of its subsidiary. Recently, the Supreme Court has approved the amalgamation of its subsidiary Holcim Cement (Bangladesh) with its parent company LafargeHolcim. According to data available with the DSE, some 7.83 million shares of LafargeHolcim were traded, generating a turnover of 352 million, which was 7.42 per cent of the day’s total turnover of Tk 4.74 billion. The multinational cement manufacturer’s share closed at Tk 44.60, shedding 0.45 per cent, after soaring 15.76 per cent in the previous week. The company’s share traded between Tk 30.70 and Tk 46.50 in the last one year. The company’s consolidated earnings per share (EPS) in nine months for January-September, 2019 was Tk 1.01 as against Tk 0.42 for January-September, 2018. The LafargeHolcim, which was listed on the DSE in 2003, disbursed 10 per cent cash dividend for the year ended on December 31, 2018. Khulna Power notched the fifth spot, with shares worth Tk 113 million changing hands. The company’s share closed at Tk 52.20 each, losing 2.61 per cent. The turnover of National Tubes was Tk 111 million. The company’s share price shed 1.88 per cent to close at Tk 130.40. Paramount Textile featured a turnover of Tk 108 million. The company’s share closed at Tk 63.20, advancing 0.48 per cent over the previous day. The turnover of Bangladesh Submarine Cable Company was Tk 102 million. The state-run company’s share price fell 1.23 per cent to close at Tk 104 each.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/ten-most-traded-cos-snare-29-per-cent-transaction-1580059641

Mujib Borsho Cup Golf Tournament -2020 by Dhaka bank

Winners of the Mujib Borsho Cup Golf Tournament -2020 posing with guests at the prize giving ceremony in city’s Army Golf Club on Sunday. Dhaka Bank Limited sponsored the tournament marking the birth centenary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman.

Source: https://today.thefinancialexpress.com.bd/sports/winners-of-the-mujib-borsho-cup-golf-tournament-2020-1580059254

MTB Dhaka Town Hall 2020 held

Mutual Trust Bank Ltd. (MTB) held its Dhaka Town Hall 2020 recently at a local venue in Dhaka. “Powering Future”, the theme for 2020, was unveiled at the conference. The MTB Chairman, Md. Hedayetullah appreciated the hard work put in by all MTBians for significant progress in the year 2019 in terms of the growing network, infrastructure, products and services. Syed Mahbubur Rahman, MTB Managing Director & CEO thanked all MTBians for taking the leap in becoming one of the best governed and highly equipped banks in the country.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/mtb-dhaka-town-hall-2020-held-1580059781

Annual Business Conference 2020 of UCB

Land Minister Saifuzzaman Chowdhury addressing the Annual Business Conference 2020 of United Commercial Bank Limited (UCB) at a city hotel on Sunday while directors, Managing Director Mohammed Shawkat Jamil and senior executives were present.

Source: https://today.thefinancialexpress.com.bd/trade-market/saifuzzaman-chowdhury-addressing-annual-business-conference-2020-of-ucb-1580060687

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DSEX4,528.20492↑ 14.31↑ 0.32 %
DJIA28,989.73
↓ 170.36↓ 0.58 %
FTSE1007,585.98↑ 78.31↑ 1.04 %
Nikkei 22523,406.25↓ 420.93↓ 1.77 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 52.95↓ 1.24↓ 2.29 %
Crude Oil (Brent)$ 59.41↓ 1.28↓ 2.11 %
Gold Spot$ 1,579.71↑ 8.18↑ 0.52 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.2570
GBP 1BDT 108.778
EUR 1BDT 91.7721
INR 1BDT 1.16659

*CURRENCIES AND COMMODITIES ARE TAKEN FROM BLOOMBERG.<

AN IMPORTANT MESSAGE FROM

EMRANUL HUQ

MANAGING DIRECTOR & CEO OF DHAKA BANK LIMITED

Dear Valued Patrons,

At the very onset, let me express my heartiest gratitude for allowing us to serve you and I also wanted to reach out to you directly with an assurance that Dhaka Bank is fully equipped to support you during this difficult time.

Last couple of weeks ago we all were living in a peaceful condition, performing our daily tasks freely and perfectly. Entire economy and business environment was also in a good shape, until COVID-19 put a forceful stoppage to the overall life style and economy of the world. We all know that social distancing and cleanliness are the keys to prevent this pandemic. Hence, we urge your conscious effort to limiting public interaction and suspending wherever possible.

YOUR SAFETY MEANS EVERYTHING TO US
In this current situation, Dhaka Bank and its employees are beside you where we are fully online, either working from home or at our offices under a robust Business Continuity Plan (BCP) to serve you with limited branch banking and a full-fledged alternate delivery channel services.

WE WILL TAKE CARE OF YOUR BANKING NEEDS
Our state of the art Mobile App, Dhaka Bank GO (Click https://bit.ly/2WVfieu) and Internet Banking - Dhaka Bank Direct gives you the freedom of banking online anytime from anywhere. You can check the balance and transfer money to any designated Banks including any Dhaka Bank or bKash Account, make utility bill payments and mobile top-up through our Mobile App and Internet Banking Services. Our ATMs are also running efficiently with availability of sufficient cash for your convenience where you can make cash withdrawals whenever the need arises. Mentionable, the withdrawal of cash from any ATMs within Bangladesh with Dhaka Bank Debit Cards are absolutely free of charges up till April 30, 2020 (Dhaka Bank will bear the cost). Our corporate customers can also use our completely safe and secured online platform Dhaka Bank C-Solution for Payments, Inter Bank Fund Transfers, etc.

Moreover, to fulfill your urgent requirement, we have a limited no. of branches up and running by ensuring all kinds of precautionary and safety measures for you.

GET IN TOUCH IF YOU ARE IN EXTREME EMERGENCY
In case of extreme emergency and facing difficulties in conducting banking transactions, please let us know through our 24/7 Contact Center number 16474 (or, dial +8809678016474 for ISD/Overseas Calls). We are always with you to combat your difficulties.

WE WILL FREQUENTLY UPDATE YOU
As you know we are going through a critical phase and the situation is novel to all of us. We are getting lot of new information from various sources everyday about COVID-19 which will be shared at www.dhakabankltd.com.

Thank you for your trust and continued support to us. I firmly believe that jointly we will be able to combat this situation and win against all the odds.

Please stay home, stay safe and take care of yourself and family.

Best regards,

Emranul Huq
Managing Director & CEO
Dhaka Bank Limited

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