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 25, 2020

Mutual funds shine again on DSE

The prices of all listed 37 mutual funds rose on the Dhaka bourse yesterday thanks to the stock market regulator’s move to clear the confusion on the use of margin loans for the purchase of the investment vehicle. Thanks to the rise of mutual funds, the DSEX, benchmark index of the Dhaka Stock Exchange, advanced 10.83 points, or 0.22 per cent, to 4,833.19 on the day. The Bangladesh Securities and Exchange Commission (BSEC) issued a circular on December 30 in 2010 and lifted the block on the use of margin loan for the purchase of mutual fund units. Turnover, one of the important indicators of the stock market, increased 8 per cent to Tk 671 crore yesterday compared to the previous day on the DSE floor. AB Bank First Mutual Fund topped the gainers’ list that rose 10 per cent followed by Apex Foods, BD Lamps, SEML FBLSL Growth Fund and Continental Insurance. Beximco Pharmaceuticals was the most traded stock with shares worth Tk 41 crore changing hands, followed by Nitol Insurance, Continental Insurance, Northern Insurance and ADN Telecom. Of the total 359 issues traded, 179 advanced, 71 declined, and 99 remained unchanged. United Airways shed the most losing 6.66 per cent, followed by BIFC, Shyampur Sugar, Tallu Spinning and Alltex Industries. The Chattogram Stock Exchange also rose. The CSEX, the prime index of the port city bourse, was up 38 points, or 0.45 per cent, to close the day at 8,355. Out of the 235 securities traded, 129 rose, 52 fell, and 54 remained the same.

Source: https://www.thedailystar.net/business/news/mutual-funds-shine-again-dse-2000609

SIBL opens three new branches

Social Islami Bank Limited (SIBL) inaugurated 162nd, 163rd and 164th branches in Bhanga, Faridpur, Muradnagar, Cumilla and Chayani Bazar, Begumgonj, Noakhali respectively on Tuesday

Source: https://today.thefinancialexpress.com.bd/stock-corporate/sibl-opens-three-new-branches-1606234547

New AMD of Standard Bank

Md. Touhidul Alam Khan, a banker with 27 years of experience in banking, joined Standard Bank Limited as Additional Managing Director on Tuesday. Prior to joining, he was the Deputy Managing Director of Prime Bank Limited. Mr. Khan obtained his Masters in Finance from University of Dhaka and started his career with Agrani Bank Limited as Senior Officer in 1993. Throughout his banking career Mr. Touhidul Alam has worked in Bank Asia, Modhumoti Bank and Prime Bank and held senior management positions in different capacities like CAMLCO, CBO, CRO.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/new-amd-of-standard-bank-1606234789

US envoy meets CEO of PPP Authority

Earl R. Millar, Ambassador of the United States to Bangladesh, paid a courtesy call on Sultana Afroz, Secretary to the Bangladesh government & CEO of the Public-Private Partnership Authority (PPPA), on Tuesday. He was accompanied by John Smith-Screen, Office Director-Economic Growth Office, USAID, American Embassy. Ferdousi Shahriar, Director-General of Americas, Ministry of Foreign Affairs also participated in the meeting, said a statement. Sultana Afroz, CEO of PPP Authority, noted that Bangladesh could foresee much scope of collaboration between Bangladesh and the USA. Earl Miller, US Ambassador recognized the importance of public private partnership to leverage resources for undertaking mega projects. He also discussed the strong bilateral relations between the two countries.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/us-envoy-meets-ceo-of-ppp-authority-1606234863

India to work with Bangladesh to help develop hi-tech parks, IT sector

India and Bangladesh will work together to invest in Bangladesh’s hi-tech parks and develop the Information Technology (IT) sector of the country, reports BSS. Indian High Commissioner in Dhaka Vikram Kumar Doraiswami and State Minister for Information and Communication Technology (ICT) Zunaid Ahmed Palak discussed the matter in a meeting at the Bangladesh Hi-Tech Park conference room at ICT Tower in city’s Agargaon area on Tuesday. The Indian High envoy noted that there are many opportunities to work together for the sustainable development of the IT sector, adding that the partnership with Bangladesh in other sectors, including the ICT sector, would be further enhanced. He said that according to the vision of Prime Minister Sheikh Hasina, the progress of all sectors including ICT sector of Bangladesh is visible in a short time. It will go further in the coming days.

Source: https://today.thefinancialexpress.com.bd/trade-market/india-to-work-with-bangladesh-to-help-develop-hi-tech-parks-it-sector-1606235778

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 30,046.24
↑ 454.97 ↑ 1.54 %
FTSE100$ 6,432.17↓ 98.33↓ 1.55 %
Nikkei 225$ 26,407.96↑ 242.37 ↑ 0.93 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 45.41 ↑ 0.50↑ 1.11 %
Crude Oil (Brent)$ 48.48 ↑ 0.62↑ 1.30 %
Gold Spot$ 1,802.60 ↓ 4.99↓ 0.28 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8000
GBP 1BDT 112.9960
EUR 1BDT 100.4202
INR 1BDT 1.1524





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