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 July 08, 2021

Stocks continue to fall amid profit taking

The stock market continued to fall for a second consecutive day yesterday owing to a profit booking tendency prevailing among investors. Despite this, companies whose performances were not up to the mark remained bullish.Meanwhile, the Bangladesh Securities and Exchange Commission (BSEC) decided to extend trading hours by an hour to 2:00pm from today in tune with that of banks. Trade on a normal day ends at 2:30pm. From today, the pre-opening session begins at 9:45am and the post-closing session ends at 2:15pm, said a BSEC press release.The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), nosedived 19.35 points, or 0.31 per cent to 6,177.21. Investors are raking in profits from the market as the prime index had risen to its highest point in three-and-a-half years. Last Monday, the DSE’s index soared to 6,219. When the market opened on a rising trend yesterday, many people started availing profits and the rising trend proves that investors had confidence on the market. Among the top 10 gainers, only two were from the “A” category, meaning they had provided more than 10 per cent dividends last year. Another four were from the “Z” category, meaning they had either failed to provide dividends or closed production. Three more were from the “B” category, meaning their dividend payout was less than 10 per cent.Alltex Industry shed the most, falling 7.80 per cent, followed by Desh Garments, FAR Chemical Industries, First Finance and Tallu Spinning Mills. The port city bourse also fell today. The CASPI, the general index of Chittagong Stock Exchange, nosedived 74 points, or 0.41 per cent, to 17,881. Among 307 stocks to witness trade, 110 advanced, 170 dropped and 27 remained unchanged.

Source: https://www.thedailystar.net/business/economy/stock/news/stocks-continue-fall-amid-profit-taking-2126117

Approval for PranAgro’sTk 150cr bond

A non-convertible, coupon bearing green bond of Tk 150 crore of Pran Agro was approved at a commission meeting of the Bangladesh Securities and Exchange Commission (BSEC) yesterday. The coupon rate of the bond is 9 per cent. It will be issued to scheduled banks, mutual funds, insurance companies, organisations, trust funds and institutional investors through private placement. With the bond proceeds, Pran will enhance its liquidity and capital base. Then face value of each bond is Tk 10 lakh. Its trustee Green Delta Insurance, and its arranger Standard Chartered Bank. Earlier last May, Pran Agro issued a non-convertible and redeemable bond worth Tk 210 crore, equivalent to $25 million, with 100 per cent credit guarantee from a global company, the first of its kind in the country. In the commission meeting, the BSEC approved a proposal to form a board of governance for a market stabilisation fund. The BSEC decided to create the fund worth more than Tk 21,000 crore with unclaimed dividends of listed companies.

Source: https://www.thedailystar.net/business/economy/stock/news/approval-pran-agros-tk-150cr-bond-2126053

HSBC enhances banking proposition for NRBs

The Hongkong and Shanghai Banking Corporation (HSBC) in Bangladesh and Bangladesh Merchant Marine Officer’s Association (BMMOA) signed a MoU to facilitate BMMOA members with privileges on HSBC products and services. HSBC’s Non Resident Bangladeshi (NRB) proposition will support BMMOA members and NRB’s with services and products that support their special circumstances of being away from Bangladesh, said a statement. NRB’s will now be able to access banking services at their fingertips for meeting their daily banking requirements through the HSBC Select proposition. They will be able to open accounts and service bonds remotely. In addition, NRBs will also be able to avail HSBC’s overseas education facilities for their children studying abroad.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/hsbc-enhances-banking-proposition-for-nrbs-1625674828

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,681.79
FTSE100$ 7,064.25↓86.77↓1.21%
Nikkei 225$ 28,118.03↓248.92↓0.88%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 71.04↓1.16↓1.61%
Crude Oil (Brent)$ 72.35↓1.08↓1.47%
Gold Spot$ 1,811.36↑ 7.73↑0.43%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8050
GBP 1BDT 117.0648
EUR 1BDT 100.0105





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