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 December 27, 2020

0.19m BO accounts in two months added

The number of new beneficiary owner (BO) accounts continued to rise as the stock market is showing a signs of stability after the latest market debacle in 2010-2011. Market operators attributed the rising trend of new BO accounts to higher number of initial public offerings (IPOs) and stability in the secondary market under the new leadership of the securities regulator.Around 190,480 new BO accounts were opened in the just two months, according to data of the Central Depository Bangladesh Limited (CDBL), which preserves electronic data of all individual and institutional investors.Total number of BO accounts increased to 2,543,453 as of December 24, which was 2,352,973 two months back on October 24, the CDBL data shows. Of the total number of active BO accounts, male investors own 1,871,581 and female investors own 658,082 while the remaining 13,790 belong to different companies as of December 24, 2020, the CDBL data shows. Currently, there are 1,624,144 individual accounts and 905,519 joint accounts. The non-resident Bangladeshis won 155,480 accounts to conduct share transactions or to apply for IPO shares.DSEX, the core index of the Dhaka Stock Exchange (DSE) surged 1,158 points or 28.52 per cent in seven months since the market resumed on May 31, after remaining shut in more than two months due to Covid-19 pandemic.Currently, an investor has to pay Tk 450 per annum to keep his/her BO account active. Of the Tk 450, the CDBL gets Tk 100, while the government, DP and BSEC get Tk 200, Tk 100 and Tk 50 respectively.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/019m-bo-accounts-in-two-months-added-1608994387

Beximco Pharma shares perk up on vaccine deal

Beximco Pharma has been the top choice for stock investors in the last few weeks as they believe the drug producer will make higher profits in the days to come with the administering of a Covid-19 vaccine in Bangladesh. Stock price of the local drug maker rose 58 per cent to Tk 174 in a span of the past three months. Piggybacking on the upward trend in pharmaceutical and insurance sectors, the DSEX, the benchmark index of Dhaka Stock Exchange, rose 110 points or 2.16 per cent before closing the week at 5,218. During the period, average daily turnover, another important indicator of the stock market, rose around 23 per cent to Tk 1,124 crore from that the previous week.Net sales of the company—that holds an 8.5 per cent share of the country’s Tk 230 billion pharma market—rose 12.3 per cent year-on-year to Tk 2,561 crore in 2019-20. Its profit rose 16.6 per cent year-on-yeartoTk 354 crore in the last financial year, according to its annual report.Once the vaccine is approved for human application, Beximco Pharma will buy each dose from Serum for $4 and then supply it to the government for $5.Beximco, that holds around 29 lakh shares of the drug making company, topped the turnover list of the DSE last week followed by Beximco Pharmaceuticals, IFIC Bank, LafargeHolcim and Orion Pharmaceuticals. Beximco led the gainers’ list also with a 44 per cent rise in share price in a week while Dominage Steel shed the most with an 18.78 per cent fall.Among the market capitalisation leaders, Beximco Pharmaceuticals rose 12.8 per cent and Square Pharmaceuticals 3.5 per cent last week.Among the sectors, non-life insurance companies topped the gainers’ list. Stocks of the insurance sector rose 6.38 per cent while pharmaceuticals soared around 3 per cent.

Source: https://www.thedailystar.net/business/news/beximco-pharma-shares-perk-vaccine-deal-2017945

ACI approves 80pc cash, 10pc stock dividend

The 47th Annual General Meeting of Advanced Chemical Industries Limited was held on Thursday through a digital platform.The Audited Financial Statements for the year ended 30 June 2020 together with Reports of the Directors and Auditors of the company were approved by the shareowners in the meeting. They have also approved 80 per cent cash dividend and 10 per cent stock dividend for the said financial year.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/aci-approves-80pc-cash-10pc-stock-dividend-1608994458

BSRM Steels approves 15pc cash dividend

The 18th Annual General Meeting of BSRM Steels Limited was held recently on a digital platform. The meeting was presided over by AlihussainAkberali FCA, Chairman of the Company. The chairman welcomed all shareholder to the 18th Annual General Meeting. In his welcoming speech, he stated that the company could not achieve expected profit due to the Covid-19 pandemic.Audited Accounts for the financial year 2019-20 along with the Report of the Board of Directors were approved in the meeting. Shareholders of the company attended virtually the meeting, approved the appointment of Directors, Professional Accountant & Auditors for the year 2020-21.

Source: https://today.thefinancialexpress.com.bd/trade-market/bsrm-steels-approves-15pc-cash-dividend-1608999299

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 30,199.87
FTSE100$ 6,502.11↑6.36 ↑0.10%
Nikkei 225$ 26,656.61↓ 11.74 ↓ 0.04%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 48.23 ↑0.11↑0.23%
Crude Oil (Brent)$ 51.29↑0.09↑0.18%
Gold Spot$ 1,883.46↑10.57↑0.56%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8000
GBP 1BDT 114.4461
EUR 1BDT 103.3627
INR 1BDT 1.1524





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