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 16, 2021

Stocks rebound as insurers show momentum

Stocks posted a marginal gain on Tuesday, after a two-day moderate correction, driven mainly by general insurance shares. The market opened higher which persisted till the end of the session with some volatility as investors mostly focused on general insurance issues. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 8.69 points or 0.14 per cent to settle at 6,022, after losing 53 points in the past two consecutive sessions. The DSE 30 Index, comprising blue chips, also gained 3.90 points to finish at 2,176. However, the DSE Shariah Index (DSES) saw a fractional loss of 0.52 point to close at 1,284. The investors’ activity mostly focused on general insurance sector, capturing 25 per cent of the day’s total turnover, followed by engineering with 13 per cent and textile 12 per cent. Turnover, a crucial indicator of the market, crossed Tk 20 billion-mark after a single-day break and amounted to Tk 20.32 billion, which was 17 per cent higher than the previous day’s mark of Tk 17.40 billion. Beximco – the flagship company of Beximco Group- continued to dominate the turnover chart with shares worth Tk 966 million changing hands, followed by Pioneer Insurance (Tk 633 million), National Polymer (Tk 631 million), Pragati Insurance (Tk 405 million) and Lub-rref (Bangladesh) (Tk 399 million). Energypac Power was the day’s top gainer, hitting the upper limit circuit breaker with 10 per cent rise, while Intech was the worst loser, losing 5.92 per cent as its third quarter earnings plunged by 75 per cent to Tk 0.01 for January-March, 2021. A total number of 306,267 trades were executed in the day’s trading session with a trading volume of 581.62 million shares and mutual fund units. The market-cap of DSE rose to Tk 5,066 billion on Tuesday, up from Tk 5,063 billion in the previous session. However, the Chittagong Stock Exchange (CSE), inched lower with the CSE All Share Price Index – CASPI -losing 1.16 points to settle at 17,464 and the Selective Categories Index – CSCX shedding 3.42 points to close at 10,513.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/stocks-rebound-as-insurers-show-momentum-1623775541

BEPZA signs MoU with DoE to strengthen ‘One Stop Service’

The Bangladesh Export Processing Zones Authority (BEPZA) and the Department of Environment (DoE) signed a Memorandum of Understanding (MoU) at BEPZA Complex in the city recently to ease the services for the existing enterprises as well as to set up new industries in the EPZs, says a statement. From now on, the EPZ investors will get more facilities, including issuance and renewal of environment clearance services easily through online. BEPZA signed the MoU with DoE as a part of making the ‘One Stop Service’ more effective for the investors.

 Source: https://today.thefinancialexpress.com.bd/trade-market/bepza-signs-mou-with-doe-to-strengthen-one-stop-service-1623774738

LafargeHolcim Bangladesh joins hand with HSBC Bangladesh

The Hongkong and Shanghai Banking Corporation Limited (HSBC) has recently implemented Host-to-Host connectivity with LafargeHolcim Bangladesh Limited (LHBL) by integrating their Enterprise Resource Planning (ERP) system with HSBC Connect. HSBC is able to integrate its electronic banking platform with different standard ERP systems, which is defined as Host-to-Host connectivity. This Bangladesh-based system integration, coupled with a wide range of payment products, will help LHBL disburse its commercial and statutory payments with more efficiency and less operational risk. HSBC offers a wide range of online capabilities that move beyond basic connectivity into more sophisticated integrated solutions to manage banking requirements around cash and liquidity management. Cutting-edge solutions like Host-to-Host integration between HSBC systems and a client’s ERPs offer more efficient cash management, reducing the turn-around-time and cost for its valued clients.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/lafargeholcim-bangladesh-joins-hand-with-hsbc-bangladesh-1623776033

IDLC Finance gets new chief executive

IDLC Finance has recently witnessed the appointment of a new chief executive officer (CEO) and managing director (MD). The appointee, M Jamal Uddin, has been serving the non-banking financial institution (NBFI) as its acting CEO and MD. He joined the company as a management trainee officer back in 1994. Uddin is the first homegrown CEO of the IDLC with over 27 years of experience in the financial sector. He obtained his BBA and MBA degree from International University, Missouri, USA.

Source: https://www.thedailystar.net/business/news/idlc-finance-gets-new-chief-executive-2111853

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,299.33
↑ 94.42↑ 0.27 %
FTSE100$ 7,172.48↓ 25.80↓ 0.36 %
Nikkei 225$ 29,328.66 ↑ 112.64↑ 0.38 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 72.71↑ 0.59↑ 0.82 %
Crude Oil (Brent)$ 74.66↑ 0.67↑ 0.91 %
Gold Spot$ 1,860.46↑ 1.44↑ 0.08 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8010
GBP 1BDT 119.6966
EUR 1BDT 102.7788





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