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 28, 2020

Turnover crosses Tk 10 billion-mark

Dhaka bourse closed the Tuesday’s session marginally lower amid a down trend continued for fourth consecutive session. On the day, DSEX, the broad index of Dhaka Stock Exchange (DSE), declined as losers took control over the gainers following investors’ stance opted to book profits. The turnover, however, crossed Tk 10 billion-mark riding on general insurance sector. The market opened the session positively but after five minutes the core index failed to sustain and displayed ups and downs till mid-session. Later, the broad index lost more points amid the declining trend that continued till closure. At the end of the session, the DSEX settled at 4867.96 points with a loss of 0.49 per cent or 24.04 points. Of other indices, the shariah based index DSES declined 0.57 per cent or 6.41 points to close at 1103.05 points. DS30 index comprising blue chip securities closed at 1675.41 points with a loss of 0.44 per cent or 7.50 points.Of the major sectors which witnessed price correction, engineering declined 2.5 per cent, bank 0.52 per cent, textile 1.4 per cent, life insurance 3.6 per cent, mutual funds 1.6 per cent, and financial institutions 0.38 per cent. Of the sectors which witnessed price appreciation, general insurance advanced 4.4 per cent, fuel & power 0.1 per cent, IT 1.2 per cent and tannery 0.50 per cent. Investors’ participation was concentrated mostly on general insurance sector which featured a turnover of above Tk 3.73 billion followed by pharmaceuticals & chemicals above Tk 1.03 billion, financial institutions Tk 888.4 million, and engineering Tk 670.5 million. Beximco Pharmaceuticals topped the scrip wise turnover chart with a value of Tk 462 million followed by LankaBangla Finance Tk 355 million, Sandhani Life Insurance Company Tk 297 million, BRAC Bank Tk 261 million and BeximcoTk 257 million.On Tuesday, the CASPI, benchmark index of the Chittagong Stock Exchange (CSE), declined 0.29 per cent or 41.77 points to close at 13900.58 points. Of 273 issues traded, 94 advanced, 136 declined and 43 were unchanged. At the end of the session, the port city bourse CSE posted a turnover of above Tk 314.29 million.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/turnover-crosses-tk-10-billion-mark-1603815927

Renata recommends 140pc dividend

Renata has recommended 130 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2020. The company’s board of directors has made the recommendation at a meeting. The company has also said stock dividend has been recommended to utilise its retained amount as capital for manufacturing facility expansion. The company’s earnings also rose marginally for the year ended on June 30, 2020 compared to same period of the previous year. For the year ended on June 30, 2020 the company has reported earnings per share (EPS) of Tk 45.29, which was 6.84 per cent higher than the EPS of previous year. Renata has also reported consolidated NAV per share of Tk. 245.65 and consolidated NOCFPS of Tk. 52.89 for the year ended on June 30, 2020 as against Tk. 209.91 and Tk. 47.76 respectively for the same period of the previous year. In its disclosure, the company has informed that bonus shares have been recommended in view to utilise its retained amount as capital for manufacturing facility expansion.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/renata-recommends-140pc-dividend-1603816046

Guardian Life inks deal with Thyssenkrupp

Guardian Life Insurance Ltd. andThyssenkrupp Elevator (BD) Private Ltd. have recently signed a group insurance agreement under which all the employees of Thyssenkrupp Elevator (BD) Private Limited will enjoy Life coverage and Medical benefits. Mr. M MMonirulAlam, Chief Executive Officer, GLIL and Mr. Angshu Prakash Banerjee, General Manager, Thyssenkrupp Elevator (BD) signed this agreement on behalf of their company. Mahmud Afsar, SVP & Head of Corporate Sales; Iftakher Ahmed, Head of CRM.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/guardian-life-inks-deal-with-thyssenkrupp-1603816014

Bank Asia inks deal on fostering business incubation for women entrepreneurs

Bank Asia Ltd. and Bangladesh Institute for ICT Development (BIID) have signed an agreement aiming to foster entrepreneurship among women & rural youth through Business Incubation facility under B-Lab initiative. Around 1,00,000 women entrepreneurs will get opportunity to explore their full potential in business.Through the agreement, women who want to be entrepreneur can avail online services ‘B-Lab’ of BIID and Bank Asia will provide training on financial literacy to enhance the financial capability of those entrepreneurs. BIID also ensures training on legal, organizational, accounting, planning, distribution and quality control issues for planning and managing the business of the entrepreneurs successfully.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/bank-asia-inks-deal-on-fostering-business-incubation-for-women-entrepreneurs-1603815971

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 27,463.19
FTSE100$ 5,728.99↓63.02↓1.09%
Nikkei 225$ 23,410.76↓75.04↓0.32%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 38.66↓0.91↓2.30 %
Crude Oil (Brent)$ 40.43↓0.77↓1.87 %
Gold Spot$ 1,906.50↓1.49↓0.08%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8000
GBP 1BDT 110.4520
EUR 1BDT 100.1658
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