DSE market PE ratio hits 10-year low
The overall market price-earnings ratio of Dhaka Stock Exchange reached rock bottom at 10.58, a 10 years low as of March 25 this year amid free-fall of stock prices. The overall market PE ratio stood at 10.58 on March 25 this year, the last trading day before the government-announced lockdown, according to statistics available with the prime bourse. The overall market PE ratio hit the highest level at 30.58 in 2010, when the market saw a wild trend before the crashing. The DSE key index lost 1,522 points, wiping out market capitalisation of Tk 1,015 billion in the past 12 months since March 25 of last year. The year-long depressed capital market also sent at least 92 issues below their face value of Tk 10 in the DSE as of March 25, 2020. The fundamentally strong securities were not spared from the relentless fall in the share prices during the period under review. Currently, the banking issues are the cheapest among the all sectors as its PE ratio stood at only 6.20 as of March 25, this year, followed by telecom sector 9.50, power 9.60, engineering 12.90 and pharmaceuticals 15.20.
City Bank donates food items to poor
City Bank provided food support to the poor who have come under major food safety related threat due to ongoing coronavirus situation. The bank is providing food bags, each weighing 18 kilograms, containing 10 kgs of rice and other food essentials to 20 thousand families through 8 centres across the country. It is estimated that some 100,000 people will receive good support for one week through this initiative. Besides, some 3000 families of 13 districts under Dhaka Range of Bangladesh Police are receiving the relief bags from City Bank through Uttaran Foundation, a social organisation founded by Habibur Rahman, DIG of Dhaka Range. Moreover, 2000 middle class families living in the outskirts of Gulshan are receiving same through DC Gulshan of DMP, while DC Ramna is leading another initiative to send City Bank relief bags to 500 families of tannery workers in Hazaribag area.
LafargeHolcim Bangladesh distributed necessary food items
LafargeHolcim Bangladesh distributed necessary food items among the contractor’s employees of its Surma Plant at Chhatak, Sunamganj. The company will cover around 600 such employees in first phase under this project. Harpal Singh, Plant Manager, Surma Plant, was present during the food distribution.
PRAN-RFL Group distributes foods among poor
PRAN-RFL Group, one of the business conglomerates of the country, has continued its food support to the helpless and poor people, who have become affected by the lockdown due to coronavirus outbreak. In the second phase, the group will provide dried food items among 40 thousand families of more than 20 districts of the country including the capital. .
Local and Global Stock Indices *
|Index Name||Close Value||Value Change||Percentage Change|
|↑ 445.41||↑ 1.86 %|
|FTSE100||5597.65||↓ 193.66||↓ 3.34 %|
|Nikkei 225||19277.49||↓ 272.62||↓ 1.93 %|
World Commodities *
|Commodity||Close Value||Value Change||Percentage Change|
|Crude Oil (WTI)||$ 19.87||↑ 0.00||↑ 0.00 %|
|Crude Oil (Brent)||$ 27.95||↑ 0.26||↑ 0.94 %|
|Gold Spot||$ 1715.75||↓ 1.28||↓ 0.07 %|
Major Currencies Exchange Rates Movement in Last Seven Days *
|USD 1||BDT 83.1300|
|GBP 1||BDT 104.261|
|EUR 1||BDT 90.8641|
|INR 1||BDT 1.09465|
*CURRENCIES AND COMMODITIES ARE TAKEN FROM BLOOMBERG.<