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 June 07, 2021

DSE daily turnover hits 10.5 yrs high

The daily trade turnover on Dhaka Stock Exchange (DSE) climbed to 10 and a half years high on Sunday since the country’s stock market developed bubbles that soon burst. Turnover, a crucial indicator of the market, jumped to Tk 26.69 billion on the country’s premier bourse, by 22 per cent over the previous day’s tally of Tk 21.82 billion. It happens to be the biggest single-day transaction volume since December 6 in 2010, when the turnover scaled a record amount of Tk 27.10 billion. However, the all-time-high turnover on the DSE was Tk 32.49 billion recorded on December 5 in 2010, when the market saw a bull run before a crash. The then key index – DGEN — also peaked at 8,918 on that fateful day.Experts find reasons for the present bullish trend in the stock trading because of lower returns on the money market, limited scope of investment in other instruments, regulatory reforms and earnings surprises by the listed firms despite the pandemic.The recent growth in turnover and index — the two most important indicators — in general suggests that the investors’ confidence in the market is back on the ascent, he said. The investors showed confidence while the institutional and high net worth individual investors were putting fresh funds on stocks on expectation of capital gains from the recent rally, said an analyst at a leading brokerage firm.However, he advised the investors to know the tricks of trade on the stock market and then invest in shares of their good choices in order to avert any misfortune. The new budget proposed to cut corporate tax rate for the listed firms by 2.5 percentage points to 22.5 per cent for the upcoming fiscal year.

Source: https://today.thefinancialexpress.com.bd/first-page/dse-daily-turnover-hits-105-yrs-high-1623002981

Banking hours to remain 10am to 3pm till June 16

Bangladesh Bank has instructed banks to keep their doors open for customers from 10:00am to 3:00pm until June 16. The banking regulator took the decision yesterday as the government has extended the ongoing nationwide restrictions on public movement to curb the spread of Covid-19.The bank branches will remain open until 4:30 pm to complete their regular procedures, according to a central bank notice. Banks have been following the rostering system for their employees since April 14 as instructed by the government. The government enforced lockdown-like measures on April 5 after the Covid-19 infection rate began an alarming rise.

Source: https://www.thedailystar.net/business/banking/news/banking-hours-remain-10am-3pm-till-june-16-2106329

Standard Chartered wins ‘Best Int’l Bank’ award in Bangladesh

Standard Chartered Bank Bangladesh has recently been recognised as the ‘Best International Bank’ FinanceAsia Awards 2021. This achievement marks the eleventh occasion the Bank has received this prestigious award since 2009. This is the fifth major international award the Bank has achieved in the first quarter of 2021, said a statement. FinanceAsia is Asia’s authoritative source for finance, investment banking, economic and capital markets news. Founded in 1996, the publication engages with audience consisting of corporate CFOs and CEOs, bank and broker executives, portfolio managers and service providers. Each year, The Financeasia Awards recognizes the best performing banks across the region.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/standard-chartered-wins-best-intl-bank-award-in-bangladesh-1622998497

New DMD of Southeast Bank

S.M. MainulKabir has been promoted to Deputy Managing Director (DMD) of Southeast Bank Limited. Prior to his new assignment he was Senior Executive Vice President (SEVP), Credit Risk Management Division of Southeast Bank. He started his career with National Bank Limited in 1995 as Probationary Officer. He also worked in Exim Bank and Jamuna Bank in different capacities, later he joined Southeast Bank on 2004. He completed his Bachelor of Commerce and Masters of Commerce in Finance & Banking and MBA in Management Studies from University of Dhaka.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/new-dmd-of-southeast-bank-1622998590

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,756.39
↑179.35↑ 0.52%
FTSE100$ 7,069.04↑4.69 ↑0.07%
Nikkei 225$ 29,032.81 ↓91.29↓ 0.32%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 69.30 ↓0.32↓0.46%
Crude Oil (Brent)$ 71.47↓0.42↓0.58%
Gold Spot$ 1,887.41↓4.18↓0.22%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8020
GBP 1BDT 120.0627
EUR 1BDT 103.1956





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