Dollar rises to Tk86.45 in interbank market
The interbank exchange rate increased by Tk0.25 and stood at Tk86.45 per US dollar on Wednesday. The value of the taka has been declining in the domestic market due to an increase in imports and rise in the price of goods in the international market following the Covid-19 lockdowns, said relevant sources. The interbank exchange rate reached Tk86.20 by increasing Tk0.20 on 23 March, and remained the same till Tuesday. Although the exchange rate was Tk86.45 in the interbank market, banks sold dollars to customers at Tk90-92. In the curb market, it was sold at Tk92-93. In the first July-February period of the current fiscal year, the country’s import expenditure stood at $58.77 billion, which was 46.68% more compared to the same period in the previous year. At the same time, exports in the first nine months of the current fiscal stood at $38.60 billion, which was 33.41% higher compared to the same period last year. Bangladesh received $15.30 billion in remittances in the first nine months of the current fiscal – a 17.7% decrease compared to the same period a year ago.
DSE turnover crosses Tk 9.0b
The market ended almost flat on Wednesday, with turnover crossing Tk 9.0 billion-mark after four-week, as investors were active on both sides of the trading fence amid ongoing corporate declarations. DSEX, the key index of the Dhaka Stock Exchange, saw a fractional gain of 0.07 point to settle at 6,677, after gaining over 10 points in the previous day. Two other indices, however, closed in the red. The DSE 30 Index, comprising blue chips, shed 8.16 points to finish at 2,466 and the DSE Shariah Index (DSES) fell 2.96 points to close at 1,453. Turnover crossed Tk 9.0 billion-mark after four weeks and amounted to Tk 9.32 billion on the country’s premier bourse, climbing further by 22 per cent over previous day’s mark of Tk 7.66 billion. Unique Hotel & Resorts has reported EPS of Tk 2.83 for January-March 2022, as against loss of Tk 0.14 per share in the same quarter last year. Accordingly, its share rose 9.98 per cent to close at Tk 69.40 on Wednesday. The Chittagong Stock Exchange (CSE) edged up with the CSE All Share Price Index – CASPI -gaining 34 points to settle at 19,612 and the Selective Categories Index – CSCX – advancing 20 points to close at 11,768.
Al-Haj Nur Mohammed elected as chairman of Jamuna Bank
Al-Haj Nur Mohammed was unanimously elected as the Chairman of Jamuna Bank for the second time in the Board of Directors of Jamuna Bank Limited. Al-Haj Nur Mohammed completed his education from Dhaka University. He is a former Member of Parliament from Munshiganj, Chairman of Jamuna Bank Foundation, Founder of Al-Haj Nur Mohammed Trust, President of Munshiganj Chamber of Commerce and Industry and Chairman of Bangladesh Anti Drug Federation.