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 24, 2022

Stocks rebound strongly after eight-day slump

Stock market rebounded strongly Monday, snapping an eight-day slump, as bargain hunters put fresh bets on stocks, riding on the government’s moves to revamp the ailing market. Market insiders said the stock market regulator and the finance ministry took a number of initiatives to increase fund flow in the stock market which helped the market bounce back. The Bangladesh Securities and Exchange Commission raised the margin-loan ratio to 1:1 while the finance ministry asked to extend the tenure and amount of the capital-market refinancing fund to support the moribund market. Following the news, the bargain hunters, including institutional investors, rushed to buy shares from the very beginning of the session and the key index climbed over 100 points instantly at the opening. Finally, DSEX, the prime index of the Dhaka Stock Exchange (DSE), soared 118.86 points or 1.93 per cent to settle at 6,261, after losing 556 points in the past eight consecutive days. Two other indices also ended higher with the DSE 30 Index, comprising blue chips, rose 32.58 points to finish at 2,309 and the DSE Shariah Index (DSES) jumped 15.26 points to close at 1,376. The Chittagong Stock Exchange (CSE) also rebounded with the CSE All Share Price Index – CASPI -soaring 322 points to settle at 18,400 and the Selective Categories Index – CSCX rising 192 points to close at 11,039.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/stocks-rebound-strongly-after-eight-day-slump-1653319610

Taka devalued again to keep dollar market stable

The Bangladesh Bank on Monday depreciated taka by Tk0.40 re-fixing the local currency’s exchange rate against the US dollar at Tk87.90 to stabilise the volatile forex market, according to sources at the central bank. This is the third depreciation of the local currency against the greenback this May. Till Sunday, the inter-bank exchange rate was Tk87.5, which was fixed on 16 May. On 9 May, the exchange rate had been increased by Tk0.25 to Tk86.7 from Tk86.45. On 12 April, following an inter-ministerial meeting, the BPC was told to pay the fuel oil bill by purchasing dollars at the market rate or the interbank rate. On April 26 of the same month, the BPC informed the decision to the state-owned and private banks.  With the inter-bank exchange rate rising, the value of paper dollars is also increasing by leaps and bounds. On Monday, buyers had to pay Tk98.20 to buy $1 from money exchangers. Earlier, on 17 May, the price of $1 rose to Tk102 in the kerb market.

Source: https://www.tbsnews.net/economy/interbank-exchange-rate-dollar-rises-tk8790-425338

 StanChart wins ‘Best CSR Bank’ award

Standard Chartered Bangladesh was recognised as the ‘Best CSR Bank in Bangladesh’ at the International Finance Awards ceremony. The bank was awarded by the International Finance for its commitment to empowering all members of the community and for enabling both long-term and sustainable progress, growth, and recovery. In dealing with the pandemic, Standard Chartered Bangladesh has facilitated lasting economic and social recovery while addressing the pressing need to save lives.

Source: https://today.thefinancialexpress.com.bd/trade-market/stanchart-wins-best-csr-bank-award-1653324657

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 31,880.24
↑ 618.34↑ 1.98 %
FTSE100$ 7,513.44↑ 123.46↑ 1.67 %
Nikkei 225$ 26,862.71↓ 138.81↓ 0.51 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 109.71↓ 0.58↓ 0.53 %
Crude Oil (Brent)$ 112.79↓ 0.63↓ 0.56 %
Gold Spot$ 1,856.54↑ 2.95↑ 0.16 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 87.5000
GBP 1BDT 109.2875
EUR 1BDT 92.4350

*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<

* Exchange Rates are taken from BB website, as on latest update.<




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