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 May 12, 2021

DSEX exceeds 5,700-mark ahead of Eid holiday

Stocks extended the winning streak on Tuesday with the core index of the Dhaka Stock Exchange (DSE) crossing the 5,700-mark again ahead of Eid holiday. Today (Wednesday) is the last trading day before Eid holiday. However, trading on the bourses will remain closed only Thursday as the market will resume from Sunday (May 16), officials said. The market opened on sharply higher mood on Tuesday which sustained till end of the session amid growing confidence of investors in the market. DSEX, the prime index of the DSE, went up by 78.67 points or 1.39 per cent to settle at 5,724, hitting three and a half months high since January 28. DSEX added more than 213 points in five consecutive sessions. Two other indices also ended higher with the DSE 30 Index, comprising blue chips, advanced 28.76 points to finish at 2,194 and the DSE Shariah Index (DSES) rose 10.41 points to close at 1,271. Turnover, a crucial indicator of the market, also soared to Tk 14.03 billion on the country’s premier bourse, in a further buck by 3.78 per cent over previous day’s tally of Tk 13.52 billion.The banking sector also soared 3.10 per cent, followed by financial institutions with 2.0 per cent, telecommunication 1.50 per cent, food 0.90 per cent and engineering 0.60 per cent. Gainers took a strong lead over the losers, as out of 362 issues traded, 218 advanced, 71 declined and 73 issues unchanged on the DSE trading floor. Beximco – the flagship company of Beximco Group- continued to dominate the turnover chart with shares worth about Tk 1.20 billion changing hands, followed by Brac Bank (Tk 570 million), National Feed Mills (Tk 513 million), BATBC (Tk 445 million) and Robi (Tk 425 million). A total number of 211,728 trades were executed in the day’s trading session with a trading volume of 456.15 million shares and mutual fund units.The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index – CASPI -soaring 235 points to settle at 16,566 and the Selective Categories Index – CSCX rising 142 points to close at 9,990. Of the issues traded, 176 advanced, 65 declined and 46 remained unchanged on the CSE.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/dsex-exceeds-5700-mark-ahead-of-eid-holiday-1620746719

Biotech firm Ginkgo to merge with SPAC in $15b deal

Ginkgo Bioworks will go public through a merger with a blank-check company led by former Hollywood executives Harry Sloan and Jeff Sagansky, in a deal that values the biotech company at $15 billion, the companies said on Tuesday, reports Reuters. The deal with Soaring Eagle Acquisition Corp is expected to fetch $2.5 billion in proceeds for the combined entity, the companies said. Baillie Gifford, Putnam Investments and accounts advised by ARK Investment Management have agreed to invest $775 million in the deal.

Source: https://today.thefinancialexpress.com.bd/trade-market/biotech-firm-ginkgo-to-merge-with-spac-in-15b-deal-1620749401

HSBC Bangladesh rolls out digital payments solution for apparel sector

The Hongkong and Shanghai Banking Corporation Limited and Babylon Group have signed an agreement recently to migrate the apparel manufacturer’s payments onto the bank’s online banking platform. HSBCnet will enable the local corporate to make all kinds of local payments – like salary, wages, and vendor payments – remotely and without any manual intervention, according to a media release received Tuesday. HSBCnet is an innovative online banking platform and offers a fast, simple and secure way to run one’s business.The solution eliminates the paper-based instructions typically required to process local payments, allowing clients to authorise transactions seamlessly – including via mobile application.With robust security and audit trail features, HSBCnet effectively supports clients to achieve faster banking turnaround times, reduced costs and greater transparency across the payments cycle.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/hsbc-bangladesh-rolls-out-digital-payments-solution-for-apparel-sector-1620746822

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,269.16
FTSE100$ 6,947.99↓175.69↓2.47%
Nikkei 225$ 28,105.91↓502.68↓1.76%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 64.98 ↓0.30↓0.46%
Crude Oil (Brent)$ 68.19↓0.36↓0.53%
Gold Spot$ 1,827.19↓10.28↓0.56%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8000
GBP 1BDT 119.8054
EUR 1BDT 102.8709





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