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 30, 2020

DSEX dips below 5,000-mark again

Stocks drifted lower on Tuesday, after a single-day break, as risk-averse investors opted for booking profit on quick-gaining stocks. The market opened on upbeat note and the key index of the major bourse rose 25 points within first 30 minutes. But, all the initial gains wiped out as the sessions progressed amid profit booking sell-offs. Finally, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down 21.25 points or 0.42 per cent to settle at 4,982.According to International Leasing Securities, the shaky investors preferred to book quick-gain after the news that the securities regulator has revised the margin loan limit announced recently based on the movement of the broad index of DSE which will come into effect from January 1, 2021. Among the major sectors, financial institutions witnessed the highest correction of 2.10 per cent, followed by banking and power with 1.0 per cent each. The engineering sector posted the highest gain of 3.9 per cent, followed by general insurance with 2.3 per cent and food 2.0 per cent.The Chittagong Stock Exchange also ended lower with its All Shares Price Index (CASPI)-losing 37 points to close at 14,261 while the Selective Categories Index – CSCX shedding 22 points to close at 8,560. Of the issues traded, 136 declined, 112 advanced and 39 remained unchanged on the CSE. The port city bourse traded 17.17 million shares and mutual fund units with turnover value of Tk 635 million

Source: https://today.thefinancialexpress.com.bd/stock-corporate/dsex-dips-below-5000-mark-again-1601394835

Mercantile Bank opens 20 new agent banking outlets

Mercantile Bank Limited launched twenty more new ‘Agent Banking Outlets’ across the country to provide basic banking services to the unbanked population of the country.Customer can enjoy any banking services like opening different A/Cs and deposit schemes or cash deposit, withdrawal, transfer and remittance easily through Biometric registration. Bank’s Managing Director Md. Quamrul Islam Chowdhury said that utility bill, salary of government and private organisations, merchant payment, school-college-university fees will be added to the MBL Agent Banking services soon. He also claimed that quick progress of MBL agent banking will ensure the higher client services and satisfaction.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/mercantile-bank-opens-20-new-agent-banking-outlets-1601394873

Fifth Cotton Day-Bangladesh held in Dhaka

COTTON USA held a virtual seminar in Dhaka to celebrate the fifth Cotton Day- Bangladesh recently. Cotton Council International (CCI) introduced Cotton Day in 2016 in Bangladesh to celebrate US Cotton as well as Bangladesh being the largest manufacturer and exporter of cotton apparel products.Over one thousand participants including spinning and textile mill owners, executives, garment manufacturers, officials from international brands and retailers, cotton merchants and traders including agents attended the virtual seminar.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/fifth-cotton-day-bangladesh-held-in-dhaka-1601394926

TK Group to set up three units, invest $205m

TK Group, a local conglomerate, is set to invest US $205.28 million to manufacture consumer goods and chemical products at the Bangabandhu Sheikh MujibShilpa Nagar (BSMSN). It will establish several industrial units on an area of 60 acres and generate employment for over 2,000 people. Samida Food Products limited, a subsidiary of the TK Grouop, signed a land lease agreement with Bangladesh Economic Zones Authority (BEZA) at a ceremony held at the latter’s headquarters in the city on Monday.Modern Syntex, another concern of the TK Group, is currently setting up a factory in the BSMSN on 20 acres of land, the statement said. Besides, two other subsidiaries of the group got land lease at the Maheshkhali Economic Zone.

Source: https://today.thefinancialexpress.com.bd/trade-market/tk-group-to-set-up-three-units-invest-205m-1601396088

Deadline for loan rescheduling extended again for rawhide traders

The central bank yesterday extended the timeframe of relaxed loan rescheduling facility for rawhide traders for the second time in order to help them stay away from the defaulted zone. Having been announced on July 5, the initial deadline to apply for the facility was set at July 30 but seeing as many rawhide traders failed to do so within the stipulated timeframe, the central bank was forced to push the deadline to October 29. Now though, due to the considerable number of loan defaulters among rawhide traders, the deadline has again been extended to December 30 of this year, as per a notice from Bangladesh Bank issued yesterday.Under the relaxed rescheduling facility, traders are allowed to reschedule defaulted loans that were taken in the form of working capital and demand loans after paying only 2 per cent down-payment on the outstanding loans as of June 30.Rawhide traders will have to pay back at least 15 per cent of their outstanding loans after rescheduling their non-performing loans if they want to secure further funding.

Source: https://www.thedailystar.net/business/news/deadline-loan-rescheduling-extended-again-rawhide-traders-1969845

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 27,452.66
FTSE100$ 5,897.50↓30.43 ↓0.5 1%
Nikkei 225$ 23,362.80↓176.30↓0.75%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 38.97↓ 0.32↓0.81 %
Crude Oil (Brent)$ 40.55↓0.48↓1.17 %
Gold Spot$ 1,888.06↓10.01↓0.53%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8200
GBP 1BDT 108.8665
EUR 1BDT 98.9680
INR 1BDT 1.1501





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