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 November 15, 2021

Stocks start day with rising trend

The stock market gained in the first two hours of trading today. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 41 points, or 0.59 per cent, to 6,971 till 12 pm. At the DSE, 165 stocks advanced, 150 fell and 53 remained the same. The index rose thanks to the increased participation of investors. Square Textile topped the gainers’ list that rose 10 per cent followed by Acme Pesticides, Brac Bank, Sena Kalyan Insurance and Mozaffar Hossain Spinning Mills.

Source: https://www.thedailystar.net/business/organisation-news/news/listed-pharmas-post-higher-profits-demand-picks-2230256

Most spinning mills enjoy profitability improvement

The top-tier spinning mills listed on both Dhaka and Chattogram bourses are posting stellar growth in their profits as the price they are enjoying has outgrown their costs amid an increase in sales, especially for the spinners who produce comparatively higher value yarns. Matin Spinning Mills, a concern of DBL Group, posted 212% year-on-year growth in its quarterly profits for the July-September quarter this year. Its quarterly earnings per share stood at Tk2.68 for the first quarter of the current fiscal year, which was Tk0.86 in the corresponding period of the previous year. It secured Tk0.75 in EPS for the first quarter of this fiscal year, which was a meagre Tk0.11 in the same period a year ago. Following years of struggle to contain costs amid a downward pressure in yarn price, its stock price plunged below the Tk5 level in mid-2020. Spinners with the internal legacy of management problems that often caused production disruption or irregular disclosures, such as Delta Spinners, Dulamia Cotton are found posting deterioration in earnings and it is not a big shock to analysts.

Source: https://www.tbsnews.net/economy/stocks/most-spinning-mills-enjoy-profitability-improvement-329698

Mercantile Bank signs deal with Narayanganj City Corporation

Mercantile Bank Limited has signed an agreement with Narayanganj City Corporation recently. The agreement was signed by Adil Raihan, DMD & CSBO of the bank, and Md Abul Amin, CEO of Narayanganj City Corporation & Deputy Secretary, in presence of Narayanganj city Mayor Salina Hayat Ivy. As per the agreement, Mercantile Bank will facilitate the collection of water and sewerage bills, holding tax, trade licence fees (new and renewal) and other services of Narayanganj City Corporation through online banking system, collection booth, mobile financial services ‘MyCash’, agent banking, digital banking app ‘MBL Rainbow’, Internet banking and other delivery channels.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/mercantile-bank-signs-deal-with-nganj-city-corporation-1636907893

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 36,100.31
↑ 179.08↑ 0.50 %
FTSE100$ 7,347.91↓ 36.27↓ 0.49 %
Nikkei 225$ 29,757.53↑ 147.56↑ 0.50 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 80.41↓ 0.38↓ 0.47 %
Crude Oil (Brent)$ 81.73↓ 0.44↓ 0.54 %
Gold Spot$ 1,857.54↓ 7.36↓ 0.39 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 85.8000
GBP 1BDT 115.0835
EUR 1BDT 98.2410





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