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 October 07, 2021

USDA launches $27m trade facilitation project for Bangladesh

US Department of Agriculture (USDA) today launched a $27 million project to support the government to expand cross border trade in agricultural goods by simplifying and automating import and export processes and improve capacity of laboratories and warehouses. The five-year scheme, Bangladesh Trade Facilitation Project, also aims to work on fostering private and public investment in cold storages facilities and temperature controlled logistics to make international trade of agricultural products more efficient.Land O’Lakes Venture37, a US-based not-for-profit economic and agricultural development organisation, will implement the project to end in September 2025.

Source: https://www.thedailystar.net/business/news/usda-launches-27m-trade-facilitation-project-bangladesh-2192606

Power, pharma issues steer stocks

Stocks ended marginally higher on Wednesday, after choppy trading, as investors showed buying interest on power and pharma issues ahead of corporate declarations. The market opened on a sharp rise and the key index rose more than 75 points within the first 25 minutes. But late hours profit booking on selective large-cap stocks eroded most of the initial gain. At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up 19.66 points or 0.26 per cent to settle at 7,351 points after adding 3.85 points in the previous day. The two other indices also edged higher to set at new highs. The DS30 index, comprising blue chips advanced 9.69 points to finish at 2,787 and the DSE Shariah Index (DSES) rose 5.82 points or to close at 1,600. Turnover, another important indicator of the market, rose to Tk 26.81 billion on the prime bourse, which was 14 per cent higher than the previous day’s tally of Tk 23.52 billion. Among the major sectors, power posted the highest gain of 2.80 per cent, followed by pharma with 1.10 per cent and textile 0.40 per cent. On the other hand, financial institutions saw the biggest hit, losing 3.20 per cent, followed by general insurance 2.50 per cent, cement 1.80 per cent, telecom 1.0 per cent and banking 0.80 per cent. A total number of 334,220 trades were executed in the day’s trading session with a trading volume of 545.93 million shares and mutual fund units. The market-cap of the DSE, however, dropped further to Tk 5,806 billion on Wednesday, from Tk 5,815 billion in the previous day. The Chittagong Stock Exchange (CSE) also ended marginally higher with the CSE All Share Price Index – CASPI -gaining 81 points to settle at 21,514 and the Selective Categories Index – CSCX – rising 49 points to close at 12,922.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/power-pharma-issues-steer-stocks-1633541850

 Standard Chartered unveils Expat Banking services

Standard Chartered has announced the launch of Expat Banking services, through which expatriates residing in Bangladesh will enjoy access to a full range of banking services, seamlessly integrating their banking experience across Bangladesh and their home countries. The first dedicated helpdesk under this service is the Bangladesh-India Non-Resident Indian (NRI) desk, catering to the banking needs of Indian expatriates, one of the largest expatriate communities in Bangladesh. Enjoy value-added services such as financial insights from a dedicated team of specialists and relationship managers, and special rates on foreign exchange conversions for all inward remittances into an NRI account held with Standard Chartered Bank, India.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/standard-chartered-unveils-expat-banking-services-1633541899

Stock market needs diversified products

Bangladesh Securities and Exchange Commission (BSEC) has underscored the need for bringing diversified products to enhance the country’s capital market strength.He was speaking as the chief guest at a webinar titled ‘Sustainable Finance in the context of capital market’ organised by the Chittagong Stock Exchange (CSE) on the occasion of ‘World Investor Week-2021’ held virtually on Wednesday. CSE Chairman Asif Ibrahim was the special guest. Prof. Dr. Mohammad Saleh Juhur, Department of Finance at Business Administration Faculty at University of Chittagong, presented the keynote paper. Mohammad Golam Faruk, managing director of CSE (Acting) delivered the welcome speech.Hopefully, CSE will be able to offer an environmentally friendly blue bond soon. He said the main objective of World Investor Week 2021 is to make people aware. “As the capital market investment is risky, investors should invest wisely”.This webinar is series of programee marking the ‘World Investor Week-2021’ in accordance with the declaration of International Organisation of Securities Commissions (IOSCO), a global cooperative of securities regulatory bodies. The BSEC launched the ‘World Investor Week 2021′ on Monday. Throughout the week, stakeholders, intermediaries, stakeholders’ association will arrange various programmes to mark the World Investor Week.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/stock-market-needs-diversified-products-1633541670

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,416.99
↑102.32 ↑0.30%
FTSE100$ 6,995.87↓81.23↓1.15 %
Nikkei 225$ 27,790.81↑261.94↑0.95%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 76.59↓0.84↓1.08%
Crude Oil (Brent)$ 80.56↓0.52↓0.64%
Gold Spot$ 1,759.97↓2.77↓0.16%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 85.5000
GBP 1BDT 116.5622
EUR 1BDT 99.1800





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