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 September 23, 2020

DSEX dips below 5,000-mark on selling binge

Stocks extended the losing streak for the fourth straight session Tuesday, with key index of the major bourse falling below 5,000-mark, as investors continued booking profits on major sectors issues. DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 4,970, shedding 42.01 points or 0.83 per cent over the previous day. The core index lost more than 146 points or 2.85 per cent in the past four consecutive sessions after a big jump in recent weeks. The benchmark index surged a cumulative 1,144 points or 29 per cent in the past 13 consecutive weeks. The DSE market-cap also added Tk 752 billion during the period under review.According to the order, merchant banks or brokerage firms will now be able to provide margin loan to their clients at a maximum limit of 1:1 when the DSEX will be below 4,000 points. Top negative index contributors of the market were British American Tobacco, Bangladesh Submarine Cable, Berger Paints, Beacon Pharma and Beximco, according to data from amarstock.com, a stock market data analyst. Two other indices also ended lower. The DS30 index, comprising blue chips, lost 12.61 points to finish at 1,714 and the DSE Shariah Index slumped 11.37 points to close at 1,126.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/dsex-dips-below-5000-mark-on-selling-binge-1600790915

‘Britain makes trade deal with EU more difficult’

Britain is making it more difficult to reach a basic trade deal with the European Union by pushing through domestic legislation that undermines its international withdrawal treaty with the EU, Irish foreign Minister Simon Coveney said on Tuesday. Speaking to reporters after EU ministers were briefed by the EU’s chief Brexit negotiator Michel Barnier on progress in talks, Coveney said many EU foreign ministers were starting to think that Britain did not want a deal with the EU.The government of Prime Minister Boris Johnson is pushing a bill, expected to pass through the lower chamber of parliament next week that would break agreements Britain made in the withdrawal treaty.

Source: https://today.thefinancialexpress.com.bd/trade-market/britain-makes-trade-deal-with-eu-more-difficult-1600791954

National Housing Finance and Investments re-elects Chairman and Vice Chairman

The Board of Directors of National Housing Finance and Investments Limited in its 219th meeting held recently elected Mahbubur Rahman as Chairman and Syed M. AltafHussain as vice chairman of the company for next 2 years.Mr. Mahbubur Rahman is the President of International Chamber of Commerce (ICC) – Bangladesh, The world business organization. He is also Chairman and CEO of ETBL Holdings Limited and Founder Chairman, Eastland Insurance Co. Ltd.Syed M. AltafHussain has been elected as Vice-Chairman of National Housing Finance and Investments Limited at its 219th Meeting of the Board recently for 2 years.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/national-housing-finance-and-investments-re-elects-mahbubur-rahman-chairman-altaf-hussain-vice-chairman-1600790772

Apex Footwear recommends 25pc cash dividend

The board of directors of Apex Footwear Ltd, a pioneer in the manufacture and export of leather footwear from Bangladesh, has recommended 25 per cent cash dividend for the year ended on June 30, 2020.The EGM and annual general meeting (AGM) will be held on November 12 at 11:00am and 11:15am respectively using the digital platform. The record date for EGM and AGM is on October 12. The leading shoemaking brand in Bangladesh has also reported earnings per share (EPS) of Tk 5.62, net asset value (NAV) per share of Tk 249.95 and net operating cash flow per share (NOCFPS) of Tk 144.14 for the year ended on June 30, 2020 as against Tk 10.91, Tk 249.83 and Tk 86.29 respectively for the same period of the previous year.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/apex-footwear-recommends-25pc-cash-dividend-1600790834

MBL signed MoU with PrimaDollar, UK

Mercantile Bank Limited (MBL) signed a Memorandum of Understanding (MoU) with PrimaDollar, UK to facilitate Fintech-based export factoring services to the customers of MBL exporting under Open Account credit terms on Monday.Under Export Factoring, exporters of MBL may be eligible to receive up to 95 per cent of the deferred value of the goods on sight basis from PrimaDollar, UK.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/mbl-signed-mou-with-primadollar-uk-1600791089

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 27,288.18
FTSE100$ 5,829.46↑25.17 ↑0.43%
Nikkei 225$ 23,267.58↓92.72↓0.40%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 39.45↓ 0.35↓0.88 %
Crude Oil (Brent)$ 41.44↓0.28↓0.67 %
Gold Spot$ 1,889.48↓10.73↓0.56%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8000
GBP 1BDT 108.6966
EUR 1BDT 99.8350
INR 1BDT 1.1526





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