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

Daily Business News Flash August 12, 2021

Stocks edge up after single-day break

Stocks edged marginally higher on Wednesday, after a single-day break, as investors were active. Meanwhile, South Bangla Agriculture & Commerce Bank (SBAC) made a flying trading debut on Wednesday as its share price rose 10 per cent to close at Tk 11 each — the highest allowable limit, from its issue price of Tk 10. Only 66 trades were executed with a trading volume of 8,247 shares on debut trading day on Dhaka Stock Exchange. SBAC Bank raised Tk 1.0 billion by issuing 100 million ordinary shares by issuing 100 million shares at a face-value of Tk 10 each. Every investor got a minimum of 60 shares against the application of Tk 10,000 in the initial public offering (IPO).Turnover, a crucial indicator of the market, fell to Tk 22.12 billion, which was 22 per cent lower than the previous day’s tally of Tk 28.40 billion. Turnover fell significantly as Bangladesh Bank’s decision to mop up excess liquidity in the banking sector made investors cautious. On the hand, engineering sector lost the most of 2.60 per cent as the sector heavyweight Walton plunged 3.87 per cent alone, followed by general insurance 0.40 per cent, power 0.30 per cent, financial institutions 0.20 per cent and banking 0.10 per cent. Losers took a strong lead over the gainers, as out of 376 issues traded, 236 declined, 111 advanced and 29 issues remained unchanged on the DSE trading floor. Beximco – the flagship company of Beximco Group- continued to dominate the turnover chart with shares worth Tk 2.0 billion changing hands, followed by IFIC Bank (Tk 973 million), Malek Spinning (Tk 653 million), LafargeHolcim (Tk 649 million) and Islamic Finance (Tk 466 million).However, the Chittagong Stock Exchange (CSE), edged lower with the CSE All Share Price Index – CASPI -losing 4.23 points to settle at 19,277 and the Selective Categories Index – CSCX shedding 3.0 points to close at 11,563.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/stocks-edge-up-after-single-day-break-1628704803

 Premier Bank inks deal with SSLCOMMERZ

An agreement was signed between The Premier Bank Limited and SSLCOMMERZ for Premier Bank Digital Account Registration Service. M. Reazul Karim, Managing Director & CEO of The Premier Bank Limited, and Ahmed Kamal Choudhury, Advisor of SSLWireless, signed the agreement on their behalf. Premier Digital Account Registration Service will allow the customer onboarding and instant activation of Bank Accounts. Along with Premier Digital Account Registration, Bangla QR Code will also be launched to explore the new horizon for technology based service to the valued clients.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/premier-bank-inks-deal-with-sslcommerz-1628705124

 BSEC approves IPO of SenaKalyanInsurance Company

The securities regulator has approved the IPO (initial public offering) proposal of Sena Kalyan Insurance Company which will raise a capital worth Tk 160 million under the fixed price method. The approval came Wednesday at a meeting held at the office of the Bangladesh Securities and Exchange Commission (BSEC). The company will utilise the fund for the purpose of purchasing the government securities, investing in listed securities, purchasing office space, and catering the IPO expense. As per the financial statement for the year ended on December 31, 2020 the company’s net asset value per share is Tk 21.09 (without revaluation) and the earnings per share (EPS) is Tk 3.93. And the weighted average of the EPS for last five years has stood at Tk 2.65.The securities regulator has also said such applications will not considered in future if investors make more than two IPO applications against one bank account. The securities regulator has taken another decision of restructuring the board of Nurani Dyeing & Sweater along with taking measures against the auditors of the concern year as the company remains closed without any price sensitive information.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/bsec-approves-ipo-of-sena-kalyan-ins-1628704893

 Walton makes strong comeback

Walton Hi-tech Industries saw its profits double in the recently concluded fiscal 2020-21, riding on higher sales of air conditioners and refrigerators past an earnings decline for the pandemic. One of the country’s biggest electrical home appliance manufacturers, its profits rose 123 per cent to Tk 1,642 crore year-on-year.Meanwhile, its earnings per share (EPS) rose near 124 per cent to Tk 54.21. In fiscal 2019-20 it had dropped 47 per cent, according to data from the Dhaka Stock Exchange. Based on the profit, it announced 250 per cent cash dividends for general public shareholders and 170 per cent cash dividend for directors and sponsors.Operating costs rose at a slower pace compared to sales, so the profit soared, he added. Despite the high profits and dividend declarations, the stock price of the newly listed company dropped 3.87 per cent to Tk 1,417 yesterday. Meanwhile, Walton has decided to buy 236 decimals of land for Tk 172 crore, excluding registration cost, at Bashundhara to erect “Iconic Tower” for housing the Walton Corporate Office.The local electronics giant approved 200 per cent cash dividends for general investors and 75 per cent for directors and sponsors for the year ending on June 30, 2020.  

Source: https://www.thedailystar.net/business/economy/news/walton-makes-strong-comeback-2150431

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 35,484.97
↑220.30↑ 0.62%
FTSE100$ 7,220.14↑59.10↑0.83%
Nikkei 225$ 28,114.79↑44.28↑0.16%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 69.31↑0.06↑0.09%
Crude Oil (Brent)$ 71.49↑0.05↑0.07%
Gold Spot$ 1,751.14↓0.56↓0.03%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8450
GBP 1BDT 117.4849
EUR 1BDT 99.4553





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.

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.

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.

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.

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