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 19, 2021

Stock profit booking continues

A tendency to take out profits continued to prevail in the stock market yesterday as had been in the last couple of days. The DSEX, the Dhaka Stock Exchange’s (DSE) benchmark index, dropped 48.71 points, or 0.83 per cent, to 5,801.72 yesterday. Institutional investors are also pouring in their funds, he added. Turnover, an important indicator of the stock market, plunged 36 per cent to Tk 1,519 crore. ADN Telecom topped the gainers’ list, rising 9.82 per cent, followed by Associated Oxygen, New Line Clothings, National Feed Mills and Asia Insurance. Beximco topped the turnover list with trade worth Tk 249 crore followed by Robi Axiata, LankaBangla Finance, Beximco Pharmaceuticals and Summit Power. Savar Refractories shed the most, dropping 9.61 per cent, followed by Alltex Industry, Robi Axiata, Alif Manufacturing and Union Capital. The Chattogram bourse also fell yesterday. The general index of Chittagong Stock Exchange (CSE), the CASPI, dropped 173.58 points, or 1.01 per cent. Among the 255 stocks witnessing trade, 43 advanced, 162 fell and 50 remained unchanged.

Source: https://www.thedailystar.net/business/news/stock-profit-booking-continues-2030221

Mr. Ahmed Jamal appointed director of Bangladesh Bank

Mr. Ahmed Jamal, Deputy Governor of Bangladesh Bank, was appointed as a director on the board of directors and member of the executive committee of Bangladesh Bank for three years. The Financial Institutions Division under the Ministry of Finance issued a notification in this regard on Sunday.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/ahmed-jamal-appointed-director-of-bangladesh-bank-1610990032

Energypac Power makes debut trading today

Energypac Power Generation will make its shares trading debut today (Tuesday) on Dhaka Stock Exchange and Chittagong Stock Exchange under “N” category. DSE trading code for Energypac Power is “EPGL” and company code is 15,322 while CSE code is “EPGL” and scrip ID is 20,022, according to official disclosures on Monday. Energypac Power raised Tk 1.50 billion under the book-building method by issuing a total of 40.30 million ordinary shares to expand its LPG business, repay some bank loans and bearing the IPO expenses. The stock market regulator — Bangladesh Securities and Exchange Commission (BSEC) — approved the company’s IPO proposal on October 21, 2020. The IPO subscription for shares of the company was held between December 7 and December 13, 2020.Its IPO was oversubscribed by 6.91 times. The cut-off price of Energypac shares had been fixed at Tk 35 each. However, general investors, including non-resident Bangladeshis, got IPO shares at a 10 per cent discount on the cut-off price of Tk 31 each. As per un-audited Q1 consolidated financial statement, the company’s profit after tax is Tk 66.48 million and basic EPS of Tk 0.44 for the period for July-September, 2020 as against profit after tax of Tk 131.61 million and basic EPS of Tk 0.88 for the same period of the previous year. However, post-IPO basic EPS for the period of July-September 2020) ended on 30 September 2020 would be Tk 0.35. The pre-IPO net asset value (NAV) per share (considering pre-IPO paid up shares) is Tk 50.43 as on 30 September 2020 and the same is Tk 47.64 (considering post-IPO paid up shares). The company’s pre-IPO paid up capital is more than Tk 1.49 billion and authorised capital is Tk 5.0 billion. Apart from LPG business expansion and loan repayment, the company’s IPO proceeds will be used to bear the cost of the public offering process.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/energypac-power-makes-debut-trading-today-1610989918

BEZA to add six more services to OSS platform this month

Bangladesh Economic Zones Authority (BEZA) is set to add six more services to its virtual One-Stop Service (OSS) platform this month, aiming to facilitate investment in the economic zones. With the new ones, a total of 54 services related to operation of an industrial unit in the economic zone will be available online, officials familiar with the development said. New services include no objection certificate (NOC) for establishment of power plant, NOC for construction of water treatment plant, NOC for construction of central effluent treatment plant, NOC for construction of sewage treatment plant, TIN certification and construction permit. When contacted, BEZA Executive Chairman Paban Chowdhury on Monday said the investment promotion agency (IPA) is adding services as per its commitment to investors. Unlike the IPAs in other countries such as India and Vietnam, BEZA is offering so many services from its physical and virtual OSS platforms. BEZA is offering 125 services related to making investment in the economic zones (EZs) from its brick-and-mortar OSS center located at its head office in the city’s Kawran Bazar area. Of the total, 48 types of services including project registration, project clearance, trade licence, import permit and export permit have also been made available on virtual OSS. As of January 7 this year, BEZA OSS platform provided a total of 10,721 services including 58 project clearances, 7,910 import permits, 1,514 export permits, 788 visa recommendations and 342 work permits, according to the official data. BEZA, an entity under the Prime Minister’s Office (PMO), launched its OSS in October 2019. Since then, it has been adding more services to the platform. The government enacted One-stop Service Act in February 2018 on the back of an initiative taken by BEZA in 2015.

Source: https://today.thefinancialexpress.com.bd/trade-market/beza-to-add-six-more-services-to-oss-platform-this-month-1610989363

UCB opened two sub-branches

The United Commercial Bank Limited (UCB) opened two sub-branches at Monipur Uchcha Vidyalaya & College, Dhaka (Main Campus – Boys & College Bhaban, Rupnagar) on Sunday. State Minister for Industries Kamal Ahmed Mojumder along with UCB Managing Director Mohammed Shawkat Jamil inaugurated the sub-branches as the chief guest.

Source: https://today.thefinancialexpress.com.bd/trade-market/ucb-opened-two-sub-branches-1610989635

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 30,814.26
↓ 177.26↓ 0.57 %
FTSE100$ 6,720.65↓ 15.06↓ 0.22 %
Nikkei 225$ 28,672.72↑ 430.51↑ 1.52 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 52.27 ↓ 0.09↓ 0.17 %
Crude Oil (Brent)$ 54.99↑ 0.24↑ 0.44 %
Gold Spot$ 1,838.19↓ 3.07↓ 0.17 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8030
GBP 1BDT 115.2432
EUR 1BDT 102.4554
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