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
Rate last updated: 02/01/2014 11:15:04 AM
Paid-up capital of a significant number of brokerage firms of Dhaka Stock Exchange (DSE) still remain poor compared to stipulated capital requirements set to avert the risk of doing business. The Bangladesh Securities and Exchange Commission (BSEC) enacted the risk based rules in May 29, 2019 setting minimum capital requirement ranging between Tk 50 million and Tk 150 million for the stock brokers in accordance with the nature of their operations. The BSEC set the minimum capital requirements following the bitter experience of 2010-11 stock market crash for which lenders were blamed for disbursing margin loans beyond their capacity of controlling risks. Of 250 brokerage firms, the paid-up capitals of six are still below Tk 10 million, while 15 brokerage firms have paid-up capital worth Tk 10 million each. According to DSE information, 93 brokerage firms are doing business with paid-up capitals ranging from above Tk 10 million to Tk 50 million each. The paid-up capitals of the remaining brokerage firms are above Tk 50 million each. According to Bangladesh Securities and Exchange Commission (Risk Based Supervision) Rules, 2019, a general stock broker must have a minimum regulatory capital worth Tk 50 million as base requirement. Regulatory capital means the minimum amount of total capital (sum of core capital and supplementary capital) requirement that the intermediaries are required to main on continuous basis. A stock broker having involvement with wholesale trading will have an additional capital worth Tk 30 million over the base requirement. A stock dealer will have an additional Tk 20 million over the base requirement, but minimum Tk 20 million is required if the entity works as stock dealer only. And a full functional stock broker and stock dealer will have a minimum regulatory capital worth Tk 150 million.
Dhaka Bank Limited donated Tk 1.0 million to Bagerhat DC Office to support poor and underprivileged people of Bagerhat district to fight coronavirus pandemic. Mehedi Zaman Khan, Manager, Khulna Branch, handed over the cheque to Ishtiaq Ahmed, Executive Magistrate, DC Office, Bagerhat.
Source: https://today.thefinancialexpress.com.bd/stock-corporate/dhaka-bank-donated-tk-10-million-1588002593
Employees of Mutual Trust Bank Limited (MTB) donated their one-day salary for the people in need who have been suffering during the nationwide shutdown due to the coronavirus pandemic, and to help fight the coronavirus outbreak in the country. “The country and its people have given us many successes and now, this is our duty to stand beside our country and its people during their time in distress”, MTB Managing Director & CEO Syed Mahbubur Rahman said. He also expressed heartfelt gratitude to all employees of MTB for their support towards the cause of the nation.
BBS Cables Ltd handed over personal protective equipment (PPE), mask and gloves to health care providers, hospitals, health workers, administrative service providers, thana and other government office representatives in different districts and upazilas of the country recently. Managing Director of BBS Cables Eng. Abu Noman Howlader, Director Eng. Muhammad Badrul Hassan and Eng. Muhammad Rohul Majid were present on the occasion.
Source: https://today.thefinancialexpress.com.bd/stock-corporate/bbs-cables-handed-over-ppe-1588002791
GSK Bangladesh’s profits surged in 2019 even though the British multinational saw a decline in turnover thanks to the relief from incurring losses from its pharma unit. Last year, the company’s profits stood at Tk 98.57 crore in 2019, up from the Tk 63.54 crore losses it had logged in for the previous year. This year’s earnings per share stood at Tk 81.83, which is its highest yet since it got listed in the Dhaka Stock Exchange in 1976. “The shuttering of our loss-making pharma unit has brought this result to our balance sheet,” said Masud Khan, chairman of GSK Bangladesh In 2019, its revenues amounted to Tk 447.5 crore, down 7.1 per cent year-on-year, thanks to lower sales of Horlicks, a sweet malted milk-based beverage that has been one of the crown jewels in its portfolio since ages. After the shutdown of its pharma unit in 2018, the company’s focus turned to its consumer healthcare business, where Horlicks is its premier brand. In 2019, sales of the company’s powder products, including Horlicks, dropped 11.08 per cent to Tk 404.17 crore. Horlicks, which can be bought for as low as Tk 10 in sachets, increased its market penetration to 8.9 per cent in 2019 from 6.9 per cent in 2018. However, the large packs of Horlicks faced a challenging market situation this year with a decline in average household consumption. Sales of GSK Bangladesh’s oral product, like Sensodyne, rose 59.75 per cent to Tk 43.31 crore. But for now, the company is rewarding its shareholders generously: it is set to distribute 530 per cent cash dividend for the year ended on December 31, 2019. Some 18 per cent of the company’s shares are with the public. Stocks of the multinational company traded at Tk 2,046 on March 25, the last day of trading before it went on recess for the outbreak of coronavirus in Bangladesh.
Source: https://www.thedailystar.net/business/news/gsk-bangladesh-had-stunning-turnaround-2019-1897465
| Index Name | Close Value | Value Change | Percentage Change |
|---|---|---|---|
| DJIA | 24133.78 | ↑ 358.51 | ↑ 1.51 % |
| FTSE100 | 5846.79 | ↑ 94.56 | ↑ 1.64 % |
| Nikkei 225 | 19754.04 | ↓ 29.18 | ↓ 0.15 % |
| Commodity | Close Value | Value Change | Percentage Change |
|---|---|---|---|
| Crude Oil (WTI) | $ 11.21 | ↓ 1.57 | ↓ 12.28 % |
| Crude Oil (Brent) | $ 19.18 | ↓ 0.81 | ↓ 4.05 % |
| Gold Spot | $ 1693.78 | ↓ 20.21 | ↓ 1.18 % |
| Exchange Rates | |
|---|---|
| USD 1 | BDT 83.1662 |
| GBP 1 | BDT 103.271 |
| EUR 1 | BDT 90.1032 |
| INR 1 | BDT 1.09883 |
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