Stocks plunge as panic grips investors
Shares on the Dhaka Stock Exchange plunged yesterday as uncertainty over the course of the pandemic and the future of the economy gripped investors following the announcement of a countrywide shutdown from July 1. The DSEX, the benchmark index of the premier bourse, closed 100 points, or 1.64 per cent, down at 5,992. This was the first time since April 2 that the index shed 100 points.The massive dip pushed the key index of the DSE below 6,000 after 14 sessions. Shares on the Chittagong Stock Exchange also declined.The profits of the listed companies dropped 30 to 35 per cent last year due to the two-month-long closure of factories. Among all the sectors, textile rose 1.62 per cent as the garment industry would be out of the purview of the curb. Life insurance advanced 1 per cent. General insurance dropped 4.71 per cent, and mutual funds fell 3.32 per cent, according to the daily market update of the UCB Stock Brokerage Ltd.The CASPI, the general index of the Chittagong Stock Exchange, dropped 297 points to 17,359. Among 311 stocks traded, 58 advanced, 241 dropped, and 12 remained unchanged.
Islami Bank approves 10pc cash dividend
The 38th Annual General Meeting of Islami Bank Bangladesh Limited was held on Sunday on a virtual platform. Professor Md. Nazmul Hassan, Ph.D, Chairman of the bank. The meeting approved 10 per cent cash dividend for the shareholders as well as Financial Statements of the bank for the year ended on December 31, 2020.
BEPZA signs MoU with fire service to expedite OSS
With a view to simplifying fire safety services in the factories of EPZs, Bangladesh Export Processing Zones Authority (BEPZA) and Bangladesh Fire Service and Civil Defence (FSCD) signed a Memorandum of Understanding (MoU) at BEPZA Complex. BEPZA signed the MoU with the Department of Fire Service and Civil Defence as a part of making the One Stop Service more effective for the EPZ investors.
Local and Global Stock Indices *
|Index Name||Close Value||Value Change||Percentage Change|
|↑ 237.02||↑ 0.69 %|
|FTSE100||$ 7,136.07||↑ 26.10||↑ 0.37 %|
|Nikkei 225||$ 29,046.28||↓ 19.90||↓ 0.07%|
World Commodities *
|Commodity||Close Value||Value Change||Percentage Change|
|Crude Oil (WTI)||$ 74.01||↓0.04||↓0.05%|
|Crude Oil (Brent)||$ 76.08||↓0.10||↓0.13%|
|Gold Spot||$ 1,780.14||↓1.30||↓0.07%|
Major Currencies Exchange Rates Movement in Last Seven Days *
|USD 1||BDT 84.9500|
|GBP 1||BDT 117.9106|
|EUR 1||BDT 101.4048|
*CURRENCIES AND COMMODITIES ARE TAKEN FROM BLOOMBERG.<