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 22, 2021

Turnover rises to Tk 17.86b riding on banking issues

Dhaka Stock Exchange (DSE), however, saw a rise in turnover riding on banking sector which witnessed significant participation from investors. Of 20 top turnover leaders, 11 were banks which posted turnover values ranging between Tk 226 million and Tk 904 million. Following investors’ increased participation, the banking sector solely contributed 43.5 per cent in market turnover featured by the DSE. Of the banks, IFIC Bank had the highest contribution of Tk 904 million in market turnover featured by the DSE. The market opened the Sunday’s session positively but soon later the DSE broad index DSEX failed to sustain and displayed see-saw movement till closure. DS30 index comprising blue chip securities went down by 0.41 per cent or 11.10 points to close at 2683.84. Of 359 issues traded, 117 advanced, 227 declined and 15 were unchanged on Sunday. The DSE posted a turnover of Tk 17.86 billion which was 22.25 per cent higher than the turnover of previous session. Beximco topped the scrip wise turnover chart with a value of Tk 1.27 billion followed by IFIC Bank Tk 904 million, One Bank Tk 858 million, First Security Islami Bank Tk 839 million and NCC Bank Tk 593 million.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/turnover-rises-to-tk-1786b-riding-on-banking-issues-1637509387

Eyeing $1bn investment, Japanese industrial zone revs up for 2022 opening

The Araihazar Economic Zone in Narayanganj will go into production in late 2022, with the potential of a $1 billion Japanese investment and creation of one lakh jobs. Japanese factories in the economic zone, which is now being built under a government-to-government (G2G) basis, will be manufacturing cars, motorcycles, mobile phones, electronic equipment and motor parts, according to the Bangladesh Economic Zones Authority (Beza). The Tk2,582-crore industrial zone sprawls on 1,000 acres of land in Araihazar upazila, 32 kilometres away from Dhaka. Beza Executive Chairman Yusuf Harun told The Business Standard that the government has already provided the authority with 620 acres of land as the remaining 380 acres are under acquisition process. Data obtained from the Japanese embassy in Dhaka say the cumulative direct investment from Japan in Bangladesh amounted to $390.18 million until September 2020. Furthermore, as of April 2021, some 321 Japanese companies were operating in the country. The number quadrupled from 83 in 2010. The amount of investment in FY20, even amid the Covid-19 pandemic, was $60 million – about three times higher compared to FY10.

Source: https://www.tbsnews.net/economy/industry/eyeing-1bn-investment-japanese-industrial-zone-revs-2022-opening-332827

Dhaka Bank inaugurated Manda Sub-branch

Dhaka Bank Limited inaugurated its Manda Sub-branch under Islami Banking Branch at Mugda. Mohammad Abu Jafar, Additional Managing Director of Dhaka Bank Limited, inaugurated the Manda Sub-branch under Islami Banking Branch while Emranul Huq, Managing Director & CEO, Dhaka Bank, virtually announced the inauguration of the sub-branch through a digital platform recently.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/dhaka-bank-inaugurated-manda-sub-branch-1637509611

Mr. Masihul Huq re-appointed as Community Bank MD

The board of directors of Community Bank Bangladesh Limited has appointed Masihul Huq Chowdhury as the Managing Director & CEO of the bank for the second consecutive term, which has been duly approved by Bangladesh Bank. His upcoming 3-years term will be effective from 1st December 2021. The Board of Directors of Community Bank expressed that the appointment of Mr. Masihul Huq Chowdhury in his second-term will play a vital role in the continuity of growth of this Bank. Mr. Masihul Huq Chowdhury started his career with American Express Bank in 1992 just after obtaining Masters of Business Administration from the Institute of Business Administration (IBA), University of Dhaka. During the 30 years career he worked for Standard Chartered, Citibank N.A., IPDC and other leading financial institutions both in country and overseas.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/masihul-huq-re-appointed-as-community-bank-md-1637509537

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 35,601.98
FTSE100$ 7,223.57↓32.39↓0.45%
Nikkei 225$ 29,774.11↑ 28.24↑ 0.09 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 75.78↓ 0.16↓ 0.21 %
Crude Oil (Brent)$ 78.59↓ 0.30↓ 0.38 %
Gold Spot$ 1,845.64↓ 0.09↓ 0.00 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 85.8000
GBP 1BDT 115.4525
EUR 1BDT 96.8682





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