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

Important Business News Extracts April 19, 2020

Power sector issues sustain huge erosion in prices

The prices of fuel & power stocks suffered losses between 5.0 per cent and 46 per cent in past one year as the market outlook was depressed during the year. Of the 19 companies listed in the sector, prices of 17 firms witnessed price erosion while two saw slightly higher in the last one year between March 25, 2019 and March 25, 2020, according to statistics available with the Dhaka Stock Exchange. In the past one year until March 25, 2020, DSEX, the prime index of the bourse, lost 1,522 points or 27.5 per cent to settle at 4,008 on March 25, the last trading session before the government holiday. The share price of heavyweight United Power Generation & Distribution Company slumped nearly 45 per cent during the year to close at Tk 222.20 on March 25, 2020. The state-run Eastern Lubricants also witnessed 43 per cent price erosion in the past one year to close at Tk 804.20 each on March 25, 2020, the DSE data showed. The share price of Baraka Power also saw 34 per cent price fall in the past one year under review to close at Tk 19.90 each. The Chittagong-based CVO Petrochemicals Refinery witnessed 32 per cent price correction in the past one year to close at Tk 115.40 each. The share price of Doreen Power Generations and Systems also fell 31.8 per cent to close at Tk 57.10 each on March 25. The state-run Power Grid Company of Bangladesh also saw 31.6 per cent price fall to close at Tk 40.40 each on March 25, 2020. The share price of Khulna Power also witnessed 24.5 per cent price fall during the year under review to close at Tk 45.30 each on March 25. The Meghna Petroleum also lost more than 22 per cent during the year under review to close at Tk 157.80 each on March 25. The Shahjibazar Power Company also saw 21.6 per cent price erosion in the past one year to close at Tk 72 each on March 25. The state-run Titas Gas Transmission & Distribution Company also lost nearly 21 per cent of its share price in the past one year to close at Tk 29.90 each. The GBB Power’s share rose 24 per cent to close at Tk 12.40 and the Linde Bangladesh’s share advanced 1.35 per cent to close at Tk 1239 each on March 25, 2020.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/power-sector-issues-sustain-huge-erosion-in-prices-1587222825

GrameenKalyan offers healthcare services

GrameenKalyan (GK), one of the Grameen organizations, during the Coronavirus pandemic, has undertaken several initiatives. It provided all its healthcare professionals with Personal Protective Equipment (PPE), masks and sanitisation products so that they are able to safely continue providing primary healthcare services among people living in rural and semi-urban areas. The healthcare assistants of each healthcare center of GK have been trained to build Covid-19 responsiveness, emphasizing on frequent and correct hand-washing procedure, spraying germicides, also raising awareness about maintenance of personal hygiene, among local people.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/grameenkalyan-offers-healthcare-services-1587223184

Customers paying bills through bKash while maintaining social distance

To follow government directives for preventing Coronavirus, people are relying on bKash as an essential financial service during the Covid-19 emergency. They are utilizing the facility of paying utility bills of electricity, gas, water and internet anytime from home. There are around 2.7 million prepaid subscribers of 6 electricity distribution companies across the country who require immediate recharging to have uninterrupted electricity service. However, for technical limitation of some vending meters, a very small portion of prepaid customers cannot avail the service currently.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/customers-paying-bills-through-bkash-while-maintaining-social-distance-1587223164

NBR steps in to decongest Ctg port

Six more types of imported goods can now be stored at private inland container depots before they are delivered to importers, said the National Board of Revenue yesterday as part of its efforts to resolve the acute container congestion at Chattogram port. Seeds, fibres, pharmaceutical raw materials, yarn, tyre cord, insecticides, fungicide and herbicide can now be can be stored at the 19 ICDs until June 30. The NBR also allowed the import containers bound for Kamalapur ICD from Chattogram port to be sent to the river terminal of Summit Alliance Port in Munshiganj until June 30. The development comes after the Chattogram Port Authority proposed the moves on April 14 to shift about 20,000 twenty-foot equivalent units of import containers from the yards.

Source: https://www.thedailystar.net/business/news/nbr-steps-decongest-ctg-port-1894450

Govt. widens OMS operation

The government is expanding its open market sale (OMS) operation across the country to sell more essential items at subsidized rates to the common people. In this regard, the Trading Corporation of Bangladesh (TCB) appointed 46 new dealers temporarily on April 16 last. Currently, an estimated of 2,861 dealers has been listed with the trading corporation across the country. TCB has already asked its regional and camp offices to take action for breaching terms of the contracts signed with the entity. In its directive, the TCB warned of cancelling dealership licence if any report is run in print, electronic and online media about any anomaly in selling its goods. It launched OMS of key essential items from April 01 to keep prices within the purchasing power of the public ahead of Ramadan. The OMS programme will continue across the country until May 20, excepting Fridays. The entity is selling goods through 400 trucks. The commerce ministry on April 15 last constituted eight teams to monitor the ongoing truck-sale activities of TCB in the two Dhaka city corporation areas

Source: https://today.thefinancialexpress.com.bd/trade-market/govt-widens-oms-operation-1587222286

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
↑ 704.81↑ 2.90 %
FTSE1005786.96↑ 158.53↑ 2.82 %
Nikkei 22519897.26↑ 607.06↑ 3.15 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 18.27↓ 1.60↓ 8.05 %
Crude Oil (Brent)$ 28.08↑ 0.26↑ 0.93 %
Gold Spot$ 1682.82↓ 34.88↓ 2.03 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.1593
GBP 1BDT 103.900
EUR 1BDT 90.3850
INR 1BDT 1.09337





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