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 22, 2021

Top 10 companies snare 22.36pc of turnover

Top 10 companies grabbed 22.36 per cent of the turnover posted by Dhaka Stock Exchange (DSE) in last week. Riding on investors’ increased participation, the companies featured turnovers ranging between Tk 1.36 billion and Tk 5.42 billion. During the week, the premier bourse DSE featured a daily turnover above of Tk 25.77 billion which was 3.21 per cent less than the daily average turnover of previous week. Of top 10 companies, Beximco posted a total turnover of Tk 5.42 billion in last week. The company grabbed 5.26 per cent of the weekly turnover posted by the main bourse. During the week, the company’s share price advanced 0.37 per cent to close at Tk 107.90 each. IFIC Bank posted a turnover of Tk 3.34 billion in four sessions and grabbed 3.24 per cent of the weekly market turnover. The company’s share price advanced 1.19 per cent to close at Tk 17 each.Orion Pharma posted a turnover of Tk 1.70 billion and captured 1.65 per cent of the weekly market turnover. During the week, the company’s share price closed at Tk 72.50 each with a rise of 3.13 per cent.Of other top turnover leaders, Malek Spinning Mills posted a turnover of Tk 1.53 billion, Keya Cosmetics Tk 1.42 billion, AB Bank 1.41 billion and National Housing Tk 1.36 billion.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/top-10-companies-snare-2236pc-of-turnover-1629561715

 What drove NBFI’s half yearly profits boost

10 of the 23 publicly listed NBFIs, mostly the top-tier ones, already disclosed their financial statements for the January-June period and that reveals significant year-on-year growth in net profits after tax for nine firms.The noticeable improvement in earnings deserves some analytical breakdown, said Rehan Kabir, a senior research associate at EBL Securities.First half of 2020 was a tough period for all the lenders as The Bangladesh Bank capped the deposit and lending rates for scheduled banks at 6% and 9% respectively from the beginning of April and the average cost of deposits initially did not come down in line with the lending rate.Average cost of deposits for NBFI sector dropped below 7.6% in last June, which was 230 basis points less than the June of 2020, he said citing Bangladesh Bank data. Half yearly net interest income improved on a year-on-year basis for many of the top NBFIs

Source: https://www.tbsnews.net/economy/what-drove-nbfis-half-yearly-profits-boost-291268

SBAC Bank appoints new AMD

The South Bangla Agriculture & Commerce (SBAC) Bank has recently witnessed the appointment of a new additional managing director. The appointee, M ShamsulArefin, was previously serving National Credit and Commerce Bank as managing director and chief risk officer. He started his banking career with Eastern Bank as a probationary officer in 1994 and subsequently worked at One Bank, ShahjalalIslami Bank, Jamuna Bank and Premier Bank. He obtained a BBA degree from Aligarh Muslim University and MBA degrees in finance, one from the University of Dhaka and another from North South University.

Source: https://www.thedailystar.net/business/economy/banks/news/sbac-bank-appoints-new-amd-2157711

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 35,120.08
↑225.96↑0.65 %
FTSE100$ 7,087.90↑29.04↑0.41 %
Nikkei 225$ 27,013.25↓267.92 ↓0.98%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 62.14↓1.36↓2.14%
Crude Oil (Brent)$ 65.18↓1.27↓1.91%
Gold Spot$ 1,781.12↑0.74↑0.04%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 85.0000
GBP 1BDT 116.9515
EUR 1BDT 99.5690





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