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 11, 2021

Stocks rise but turnover falls

Bangladesh’s stock market bounced back yesterday after taking a tumble the previous day. However, market turnover dropped at the same time. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), advanced 25 points, or 0.34 per cent, to 7,367. Tallu Spinning and C&A Textiles, both of which are junk stocks, were among the day’s top ten gainers while Tamijuddin Textiles, a recent returnee from OTC market to the main market. At the DSE, 240 stocks rose, 124 declined and 12 remained unchanged. Turnover of the Dhaka bourse dropped 21 per cent to Tk 1,962 crore, down from Tk 2,497 crore. Far East Knitting & Dyeing topped the gainers’ list, rising 34 per cent after news broke that the company’s board recommended 10 per cent cash dividends for the year that ended on June 30, 2021. Its earnings per share stood at Tk 0.79 for the period while it was Tk 0.32 the year before. Sonali Paper & Board Mills shed the most, falling by 9.39 per cent, followed by Unique Hotel, ICB Islamic Bank, Silva Pharmaceuticals, and Coppertech Industries. The Chittagong Stock Exchange (CSE) also rose yesterday as the CASPI, the general index of the port city bourse, gained 74 points, or 0.34 per cent, to 21,515.

Source: https://www.thedailystar.net/business/economy/stock/news/stocks-rise-turnover-falls-2195636

StanChart launches special account for clients to donate account profits

Standard Chartered Bank today launched Standard Chartered Saadiq Sadaqah Account for clients to donate profits generated by the account to a charity of their choice. The mudaraba based savings account is designed to support philanthropic expectations of Sadaqah (charity), which leads to sustainable development of the society as a whole. The profit will be calculated as a part of the mudaraba pool maintaining Shariah principles and will be transferred to the charity account after applicable tax deduction.

Source: https://www.thedailystar.net/business/news/stanchart-launches-special-account-clients-donate-account-profits-2195471

 New Council Member of ICSB

Md. Zahangir Alam Manik FCS has been elected a new Council Member of Institute of Chartered Secretaries of Bangladesh (ICSB). A total of three candidates contested in this by-election. Currently, Mr. Md. Zahangir Alam Manik FCS is serving as the Chairman of Dhaka Regional Chapter Sub Committee of ICSB.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/new-council-member-of-icsb-1633882336

Exclusive economic zone to boost Japanese investment

Japanese Ambassador ITO Naoki on Sunday said the Japanese Economic Zone in Araihazar, Narayanganj, would be able to go into operation within next year, expediting Japanese investments in Bangladesh. He also suggested that both Bangladesh and Japan governments could take an initiative to conduct a joint study on signing a free trade agreement (FTA) between the two countries. The Japanese envoy made the remarks during a bilateral business meeting with President of Dhaka Chamber of Commerce and Industry (DCCI) Rizwan Rahman at the DCCI office. Mentioning that Bangla-desh and Japan have a strong bilateral business relationship since long, he thanked the Japanese government for providing Covid-19 vaccine for people in Bangladesh. He said the bilateral trade volume was US$2.92 billion in fiscal year 2019-20 — the exports were worth US$ 1.20 billion and the imports 1.72billion. Due to coronavirus pandemic, Bangladesh’s exports to Japan in 2020-21 were US$1183.64 million, which was quite low than the previous year, he said and hoped that it would increase in the coming days. He also informed that 321 Japanese companies are now operating (their activities) in Bangladesh and that the Japanese FDI in Bangladesh was US$ 397.15 million in March 2021. He also thanked the Japanese entrepreneurs who have already registered for ‘Bangladesh Trade and Investment Summit’ to be jointly organised by the Ministry of Commerce and the DCCI from October 26.

Source: https://today.thefinancialexpress.com.bd/trade-market/exclusive-economic-zone-to-boost-japanese-investment-1633884015

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,746.25
↓ 8.69 ↓ 0.03 %
FTSE100$ 7,095.55↑ 17.51↑ 0.25 %
Nikkei 225$ 28,437.86 ↑ 388.92↑ 1.39 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 80.88↑ 1.53↑ 1.93 %
Crude Oil (Brent)$ 83.61↑ 1.22↑ 1.48 %
Gold Spot$ 1,755.24↓ 1.89↓ 0.11 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 85.6000
GBP 1BDT 116.5444
EUR 1BDT 99.0478





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