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

Click to Close

Rate last updated: 02/01/2014 11:15:04 AM

Important Business News Extracts Aug 20, 2019

Ten cos grab 28pc transaction of DSE

Ten most-traded companies captured more than 28 per cent transactions on the Dhaka Stock Exchange Monday. Khulna Power Company topped the list for the two straight sessions. Market analysts said investors showed their appetite on Khulna Power shares amid higher dividend expectations as the company’s year-end in June. According to statistics available with the DSE, some 3.58 million shares of Khulna Power were traded, generating a turnover of Tk 214 million, which was 4.41 per cent of the prime bourse’s total turnover. The total turnover on the DSE stood at Tk 4.85 billion on Monday, up from Tk 3.24 billion in the previous day. The company’s share traded between Tk 58.60 and Tk 61.80, before closing at Tk 59 on Monday, shedding 2.48 per cent over the previous session. Its share price hovered between Tk 47.10 and Tk 144.90 in the last one year. The company’s paid-up capital is Tk 3.97 billion and authorized capital is Tk 7.0 billion while total number of scurrilities is 397.41 million. The sponsor-directors own 69.99 per cent stake in the company, while institutions own 11.21 per cent, foreign investors 0.72 per cent and the general public 18.08 per cent as of June 30, 2019, the DSE data shows. Orion Infusion followed next, with shares worth Tk 198 million changing hands. The company’s share price soared 9.61 per cent to close at Tk 67.30 each. JMI Syringes clinched the third spot, with shares worth Tk 181 million changing hands. The company’s share closed at Tk 506.60, losing 2.89 per cent.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/ten-cos-grab-28pc-transaction-of-dse-1566234549

Stocks keep gaining riding on GP shares

Stocks extended the gaining spell for the third straight session on Monday as investors showed their buying appetite on Grameenphone [GP] shares. DSEX, the prime index of the Dhaka Stock Exchange [DSE], settled at 5,227, gaining 10.72 points or 0.20 per cent over the previous session. Analysts said the market kept gaining as investors are taking fresh position in fundamentally strong issues like GP. GP, the largest market-cap listed company’s share price surged 2.17 per cent to close at Tk 323.90 each on Monday. GP, which accounted for more than 14 per cent market-cap of DSE, largely contributed to the index gain as GP alone added 14.81 points to the DSEX. GP’s share upward price movement led market to close positive. The market started on a positive note and the upward trend sustained till end of the session amid late hours sale pressure. Finally it ended more than 10 points higher. Two other indices also edged higher. The DS30 index, comprising blue chips, advanced 5.46 points to finish at 1,847 and the DSES [Shariah] index rose 4.95 points to settle at 1,202. Turnover, another important indicator of the market, stood at Tk 4.85 billion, which was nearly 50 per cent higher than the previous day’s turnover of Tk 3.24 billion.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/stocks-keep-gaining-riding-on-gp-shares-1566234652

Many Gen Insurance Cos witness EPS rise in Jan-June

The earnings of most of the listed general insurance companies rose in the first half [H1] of 2019 compared to that of the corresponding period of last year. According to un-audited financial statements, 26 general insurance companies saw their Earnings Per Share [EPS] rise, out of 35, in January-June 2019, according to statistics available with the Dhaka Stock Exchange [DSE]. EPS is the portion of a company’s profit allocated to each share. In short, it serves as an indicator of a company’s profitability. Market analysts said most of the non-life insurers’ earnings increased as they reduced operational costs and Banks’ interest rates rose against their deposit amount. Among the general insurance companies, EPS of Prime Insurance posted the biggest rise of 967 per cent in January-June 2019. The insurer’s EPS stood at Tk 0.64 for January-June, 2019 as against Tk 0.06 in the same period of the previous year. The EPS of Paramount Insurance also rose 148 per cent to Tk 0.87 for January-June, 2019 as against Tk 0.35 for the same period a year ago. United Insurance’s EPS rose 58 per cent to Tk 1.33 in January-June, 2019, up from Tk 0.84 in the same period a year ago. The City General Insurance’s EPS also increased 41 per cent to Tk 0.62 for January-June, 2019 which was Tk 0.44 in the same period of the previous year.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/many-gen-ins-cos-witness-eps-rise-in-jan-june-1566234437

RBI weighs linking some new Bank loans to Policy Rate

The Reserve Bank of India [RBI] is looking to get Banks to link some new loans to its key Policy Rate or other external benchmarks. Governor Shaktikanta Das said on Monday, as he pushes them to cut rates faster to stimulate a flagging economy. Since February, the RBI has cut the repo rate by 110 basis points [bps], but most Indian Banks – which rely on an opaque rate-setting mechanism, have not come close to following suit. The State Bank of India [SBI], the largest lender by assets, has cut its benchmark lending rate by 30 bps. Commercial Banks cite high deposit rates for their inability to cut loan ones. Marginal reductions restrict how much borrowers benefit from the repo cuts.

Source: https://www.thedailystar.net/business/news/govt-sets-export-target-54b-1783357

Mercantile Bank Workshop on ICT Security Awareness

Mercantile Bank recently organized a Workshop titled “ICT Security Awareness for IT Contact Person of Branches” at its Training Institute in Dhaka recently. A total of 58 Officials from various branches of the Bank participated in the Workshop. Md. Quamrul Islam Chowdhury, Managing Director & CEO of the Bank inaugurated the training and delivered his speech emphasizing on the security risks from internal and external sources and advised to be fully conversant with the safety measures in order to maintain IT security at all levels of Banking. A.K.M. Atiqur Rahman, SEVP, CTO & Head of IT division and Javed Tariq, Principal of MBTI were present in the programme.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/mercantile-bank-workshop-on-ict-security-awareness-1566234778

TIB calls for defining terms of country-specific SEZs

Transparency International Bangladesh [TIB] has called for defining the terms and conditions before setting up country-specific economic zones, and publishing them for the sake of national interest. The transparency watchdog, however, acknowledged the importance of developing Special Economic Zones [SEZs] in different parts of Bangladesh by countries like India, China and Japan. Bangladesh Economic Zones Authority [BEZA] has been allowing the SEZs to stimulate the economic growth through industrialization and employment generation. TIB, through a statement issued on Monday, called for assessing the desired short, medium and long term outcome from such SEZs. The Dhaka chapter of the Berlin-based organization also requested the government to assess possible risks of the projects before setting next course of actions in this regard.

Source: http://today.thefinancialexpress.com.bd/trade-market/tib-calls-for-defining-terms-of-country-specific-sezs-1566235017

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
FTSE100 7,189.65 ↑72.50 ↑1.02%
Nikkei 225 20,642.72 ↑79.56↑0.39%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 56.21 0.00 0.00%
Crude Oil (Brent) $ 59.72 ↓0.02↓0.03%
Gold Spot $ 1,495.96 ↑0.04↑0.00%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 82.8475
GBP 1BDT 100.536
EUR 1BDT 91.8941
INR 1BDT 1.15822





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