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 13, 2020

DSE turnover at two-month low

Stocks extended the losing streak on Monday with turnover hitting two months low on Dhaka Stock Exchange (DSE), as shaky investors continued their sell-offs on major sector-wise issues. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 48.65 points or 1.0 per cent to settle at seven-week low at 4,809. The benchmark barometer lost more than 125 points in the past three consecutive sessions. Turnover, a crucial indicator of the market, also fell to two-month low to Tk 6.94 billion, which was 21 per cent lower than the previous day’s turnover of Tk 8.75 billion. World Bank’s forecasts at a lower GDP growth (1.6 per cent in the current fiscal year) for Bangladesh added further woes to the market performance, said a leading broker. According to International Leasing Securities, the risk-averse investors continued their heavy sell offs on major sectors as experts cautioned about the second wave of Covid-19 which may hit Bangladesh in winter. Two other indices also ended lower. The DS30 index, comprising blue chips, lost 10.10 points to finish at 1,637 and the DSE Shariah Index shed 2.39 points to close at 1,096. After a significant gain in recent weeks, general insurance witnessed the highest correction, losing 9.0 per cent, followed by mutual fund with 7.2 per cent, engineering 5.1 per cent, banking 1.0 per cent, financial institutions 0.80 per cent and pharma 0.50. The Chittagong Stock Exchange also ended lower with its All Shares Price Index (CASPI)-losing 133 points to close at 13,747 while the Selective Categories Index – CSCX shedding 77 points to close at 8,259. Of the issues traded, 184 declined, 48 advanced and 39 remained unchanged on the CSE. The port city bourse traded 12.13 million shares and mutual fund units with turnover value of more than Tk 260 million.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/dse-turnover-at-two-month-low-1602514297

Olympic Industries to import brand new machinery worth Tk 49.26m

The board of directors of Olympic Industries has decided to import brand new complete set of machinery, equipment and spare parts from China at an estimated total cost of US$ 579,600 equivalent around Tk 49.26 million. The specifications of item are: PET Co-Extrusion Sheet Extrusion Line complete with Extruder, Preheating system, Master Batch, Dousing unit, Glass heater, Encoder motor, Inverter, Touch screen etc. at an estimated cost of US$ 433,070 equivalent around Tk 36.81 million. Capacity: 480-500 Kgs of final PET Sheet of 0.33 thicknesses per hour. There will be fully automatic three station Thermoforming machine complete with Mould, Electric lifter, Clamping cylinder, Main Servo motor with drive sheet feeding, forming and cutting, Stacking, Vacuum unit for forming etc. at an estimated cost US$ 146,530 equivalent around Tk 12.45 million. Each share of the Olympic Industries, which was listed on the Dhaka Stock Exchange (DSE) in 1989, closed at Tk 166.20 on Monday, gaining 1.40 per cent over the previous day following the news. The company’s paid-up capital is Tk 1.99 billion and authorised capital is Tk 2.0 billion, while the total number of securities is 199.93 million. The sponsor-directors own 27.73 per cent stake in the company, institutional investors 16.97 per cent, foreign 39.73 per cent and the general public 15.57 per cent as on September 30, 2020, the DSE data shows.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/olympic-industries-to-import-brand-new-machinery-worth-tk-4926m-1602514521

Dhaka Central Zone of Islami Bank Bangladesh Limited organised a webinar titled ‘Compliance of Shari’ah in Banking Sector’

Dhaka Central Zone of Islami Bank Bangladesh Limited organised a webinar titled ‘Compliance of Shari’ah in Banking Sector’ on Saturday. Syed Abu Asad, Director of the bank, addressed the programme as the chief guest while Muhammad Qaisar Ali, Additional Managing Director, was special guest.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/dhaka-central-zone-of-islami-bank-bangladesh-limited-organised-a-webinar-titled-compliance-of-shariah-in-banking-sector-1602514619

10 Bird Game winners get iPhones from bKash

Some 10 participants have been selected as winners who achieved the highest points by playing ‘Bird Game’ from July 21 to July 31, 2020. bKash, the leading mobile financial service provider, has handed over 10 iPhone SEs to the winners of Bird Game. With great response of the customers, bKash is going to launch the Bird Game competition again on October 15, 2020 and it will be open for customers until October 31, 2020. This time, the game modality and prize will be different. Details of the new campaign will be available for customers on bKash Facebook page.

Source: https://today.thefinancialexpress.com.bd/trade-market/10-bird-game-winners-get-iphones-from-bkash-1602515807

Gold, silver prices rise

Gold and silver prices edged higher in Indian markets on Monday. On MCX, December gold futures edged up 0.4 per cent to 51,016 per 10 gram, rising for the third day, while silver jumped 1.4 per cent to 63,769 per kg. Gold and silver had finished the previous session on a strong note, rising 1.2 per cent and 4 per cent respectively. In global markets, gold prices edged lower on the day, falling from three-week highs hit earlier in the session. A stronger US dollar and uncertainty over US stimulus package put pressure on gold. Spot gold fell 0.2 per cent to $1,925.29 per ounce, after hitting $1,932.96 earlier in the session. The dollar index was up 0.07 per cent against rivals, making gold more expensive for holders of other currencies. The uncertainty over US stimulus saga continued, with President Donald Trump and House Speaker Nancy Pelosi blaming each other for a lack of progress on a deal. Among other precious metals, silver eased 0.4 per cent to $25.02 per ounce, platinum fell 1 per cent to $876.80, and palladium was down 0.2 per cent to $2,435.35. Analysts say that hopes of a bigger stimulus package if Democrats come to power in the US and uncertainty over global economic recovery will lend support to the precious metal at lower levels. In August, gold futures in India had hit record highs of 56,200 per 10 gram. Meanwhile, dealers sold physical gold was sold at a premium in India last week for the first time in two months as jewellers stocked up ahead of the festive season. In India, gold prices include 12.5 per cent import duty and 3.0 per cent.

Source: https://today.thefinancialexpress.com.bd/trade-market/gold-silver-prices-rise-1602515690

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 28,837.52
↑ 250.62↑ 0.88 %
FTSE100$ 6,001.38↓ 15.27↓ 0.25 %
Nikkei 225$ 23,579.89↑ 21.20↑ 0.09 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 39.48↑ 0.05↑ 0.13 %
Crude Oil (Brent)$ 41.76↑ 0.04↑ 0.10 %
Gold Spot$ 1,910.50↓ 12.27↓ 0.64 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8000
GBP 1BDT 110.6640
EUR 1BDT 100.3014
INR 1BDT 1.1615





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