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 January 08, 2023

Bank branches go past 11,000 mark for first time

Branches of banks in Bangladesh have gone past the 11,000-mark for the first time despite expanding digitalisation in the financial sector, central bank data showed. Scheduled banks had 11,030 physical branches in October, according to the Bangladesh Bank review of e-banking and e-commerce statistics. Scheduled banks facilitate financial transactions by opening branches and installing automated teller machines (ATMs), point of sale (POS) devices, cash deposit machines (CDMs), and cash register machines (CRMs) in urban and rural areas. There were 13,269 ATMs, 1.02 lakh POS machines, 1,221 CDMs, and 2,256 CRMs in October. The review showed a bank branch serves 15,332 persons on average while every 12,745 persons receive digital financial services using an ATM. The BB monthly report made the calculation using the total population of 16.91 crore for the fiscal year of 2020-2021. The use of mobile financial service (MFS) has kept expanding, according to the report.

Source: https://www.thedailystar.net/business/economy/news/bank-branches-go-past-11000-mark-first-time-3215126

Gold price hits record high

The price of gold has hit Tk 90,714 per bhori, the highest in the history of Bangladesh, as Bangladesh Jewellers’ Association (Bajus) decided to hike prices of the precious metal by 3 per cent from today. “We have decided to increase prices as we have to pay higher to buy from the international market. The increased cost of dollars has also fueled gold prices,” said MA Hannan Azad, chairman of the Bajus standing committee on pricing and price monitoring. Before the hike, the price of each bhori (11.66 grams) of 22-carat gold was Tk 88,382 or Tk 7,580 each gram, according to a Bajus press release. The association took the decision as the price of pure gold went up in the local markets, it said. Earlier, the price of gold had increased on December 29. 

Source: https://www.thedailystar.net/business/economy/news/gold-price-hits-record-high-3215146

Pharma sector tops DSE turnover chart

The ten most-traded companies accounted for almost 41 per cent transactions on the Dhaka Stock Exchange (DSE) in the first week of 2023, with pharmaceuticals sector dominating the turnover list.

The pharmaceutical sector captured almost 23 per cent in the weekly turnover while Orion Infusions made its way to the top of the chart. Pharma & chemicals sector companies such as Orion Infusions, Orion Pharma, Navana Pharma and Advent Pharma were dominating the turnover list in the recent weeks as their shares traded above the floor price. According to DSE data, some 1.51 million Orion Infusions shares were traded during the week, generating a turnover of Tk 719 million, which was 6.35 per cent of the week’s total turnover. The company’s share price closed at Tk 422.40 on Thursday, losing 19.91 per cent over the previous week. However, Orion Infusions was the second-highest yearly gainer in 2022, soaring 502 per cent although the market is passing through a bearish trend. Intraco Refueling Station came second in the turnover list with shares worth Tk 626 million changing hands. Its share closed at Tk 39.90, losing 1.48 per cent over the previous week. Sea Pearl Beach Resorts clinched the third spot, with shares worth Tk 584 million changing hands. The company’s share closed at Tk 212.20 on Thursday, soaring 13.66 per cent over the previous week.

Source: https://thefinancialexpress.com.bd/stock/pharma-sector-tops-dse-turnover-chart-1673064536

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,630.61
↑ 700.53 ↑ 2.13%
FTSE100$ 7,699.49↑ 66.04↑ 0.87%
Nikkei 225$ 25,973.85 ↑ 153.05↑ 0.59%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 73.77 ↑ 0.10↑ 0.14%
Crude Oil (Brent)$ 78.57 ↓ 0.12 ↓ 0.15%
Gold Spot$ 1,865.69↑ 32.80↑ 1.79%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 104.6000
BDT 107.0000

*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<

* Exchange Rates are taken from BB website, as on latest update.<




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