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 December 04, 2019

Remittance inflow increases by 31.75pc in Nov

Expatriate Bangladeshis sent US$ 1,555.22 million remittances in November of the current fiscal 2019-20, which is apparently 31.75 per cent higher than the same month of the preceding year, according to a Bangladesh Bank [BB] data. The country received $1,180.44 million remittances during the month of November in 2018-19 financial year. According to the BB data, expatriate Bangladeshis sent $ 7,714.19 million remittances during the first five months of the current fiscal 2019-20. During the month of October, the country received $1,639.62 million while $1,476.91 million in September, $1,444.75 million in August and $1,597.69 million in July of the fiscal 2019-20. But in 2018-19, the country got $1,239.11 million in October, $1,139.66 million in September, $1,411.05 million in August and $1,318.18 million in July.

Source: https://today.thefinancialexpress.com.bd/trade-market/remittance-inflow-increases-by-3175pc-in-nov-1575394566

BSEC Okays Alternative Trading Board Rules

The securities regulator has approved the rules for alternative trading board keeping the scope of transaction of all type of non-listed securities. The Bangladesh Securities and Exchange Commission [BSEC] approved the rules at a meeting held on Tuesday at the BSEC office. As per the rules titled ‘Bangladesh Securities and Exchange Commission [Alternative Trading Board] Rules, 2019’, all non-listed securities can be included in the board for trading purpose. The existing companies of the OTC [over-the-counter] market will also allowed in the alternative trading board on condition to conduct their share trading. The shareholders of thousands of non-listed companies require a reliable platform like alternative trading board to conduct transactions of their shares.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/bsec-okays-alternative-trading-board-rules-1575393663

DSEX dips below 4,700-mark again

Stocks kept the losing streak on Tuesday with core index of the prime bourse falling below 4,700-mark again, as investors continued their selling binge. DSEX, the prime index of the Dhaka Stock Exchange [DSE], went down by 37.24 points or 0.78 per cent to close at 4,697, after losing more than 24 points in the previous day. Market analysts said worried investors went on selling spree on large-cap issues like Grameenphone and Square Pharma, taking the market in the red zone. Five-large-cap issues -GP, Square Pharma, Brac Bank, Olympic Industries and BATBC– jointly contributed 20 points fall of DSEX. Two other indices also finished lower. The DS30 index, comprising blue chips, lost 11.79 points to finish at 1,617 and the DSE Shariah Index shed 7.04 points to close at 1,060. Turnover, a crucial indicator of the market, also fell to Tk 4.12 billion, which was 15 per cent lower than the previous day’s turnover of Tk 4.82 billion. According to International Leasing Securities, investors kept on profit taking sell-pressure on large-cap sectors shares. Among the major sectors, banking witnessed the highest loss of 1.50 per cent, followed by telecom with 1.20 per cent, engineering 1.10 per cent, food 0.90 per cent, pharma 0.80 per cent and power 0.10 per cent. Only cement sector gained 3.10 per cent riding on sector heavyweight LafargeHolcim which gained 6.09 per cent. Losers took a strong lead over the gainers as out of 349 issues traded, 199 closed lower, 118 ended higher and 32 remained unchanged on the DSE trading floor. A total number of 125,338 trades were executed in the day’s trading session with trading volume of 160.82 million shares and mutual fund units. The market-cap of the DSE also fell to Tk 3,537 billion on Tuesday, from Tk 3,558 billion in the previous session.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/dsex-dips-below-4700-mark-again-1575393740

LafargeHolcim generates highest Turnover

Ten most traded companies accounted for more than 27 per cent transactions on the Dhaka Stock Exchange [DSE] on Tuesday. LafargeHolcim Bangladesh topped the list. Market analysts said investors continued their buying appetite on LafargeHolcim shares in the past few sessions after the amalgamation news of its subsidiary. Recently, the Supreme Court has approved the amalgamation of its subsidiary Holcim Cement [Bangladesh] with its parent company LafargeHolcim Bangladesh. According to the DSE data, some 4.26 million shares of LafargeHolcim were traded, generating a turnover of 162 million, which was 3.92 per cent of the day’s total turnover of Tk 4.12 billion. The multinational cement manufacturer’s share closed at Tk 38.70, soaring 6.09 per cent over the previous day. The LafargeHolcim, which was listed on the DSE in 2003, disbursed 10 per cent cash dividend for the year ended on December 31, 2018. The sponsor-directors own 64.68 per cent stake in the company, while institutional investors own 15.94 per cent, foreign investors 0.97 per cent and the general public 18.41 per cent as of October 31, 2019, the DSE data showed. The Sonar Bangla Insurance came second on the turnover chart, with shares worth Tk 152 million changing hands. The company’s share rose 7.17 per cent to close at Tk 49.30 each. Stylecraft clinched the third spot, with shares worth Tk 130 million changing hands. The company’s share closed at Tk 326.80, shedding 3.26 per cent over the previous day. Dutch-Bangla Bank emerged as the fourth, with shares worth Tk 126 million changing hands. The bank’s share price fell 1.09 per cent to close at Tk 72.40 each.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/lafargeholcim-generates-highest-turnover-1575393915

58 new RMG Units set up in Jan-Oct 2019

The entrepreneurs have made fresh investment to set up 58 new garment factories since January to October this year while 60 units faced shutdown, according to BGMEA information. Industry insiders said the new ones are coming up with safety compliance and modern, green technology while the small and non-compliant ones are failing to sustain in the highly competitive market. Of the new units, 43 per cent have been set up by fresh entrepreneurs and the rest by the ones who are already in the business for a long period of time, according to Bangladesh Garment Manufacturers and Exporters Association [BGMEA]. Some 29,594 workers have lost their jobs due to the closure of the 60 units while the new units created employment for 51,359 people. According to the trade body, factories having 5-100 machines are categorized as small, 101-200 medium and factories having more than 200 machines are large ones. Some 29,999 units of machines for manufacturing knit, woven and sweater items have been imported and installed in the new units, BGMEA data showed. The 80-line factory created employment for some 8,000 people with the annual export target of US$ 100 million. Total export of the four units would reach US$ 250 million with a total workforce of 18,000 people and 180 lines production capacity. The country earned $ 34.13 billion from exports of knit and woven items in the last fiscal year, according to official data. RMG exports, however, witnessed a negative growth of 6.67 per cent to $ 10.57 billion during the July-October period of the current fiscal year [FY 2019-20]. Bangladesh fetched $ 11.33 billion during the first four months of FY 2018-19 through exporting apparel items

Source: https://today.thefinancialexpress.com.bd/trade-market/58-new-rmg-units-set-up-in-jan-oct-2019-1575394460

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DSEX4,697.35095↓37.24↓ 0.79
↓ 280.23↓ 1.01%
FTSE1007,158.76↓ 127.18↓ 2.86%
Nikkei 22523,087.80↓292.01↓ 1.25%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 56.38 ↑ 0.28↑ 0.50%
Crude Oil (Brent)$ 61.12↑ 0.30↑ 0.49%
Gold Spot$ 1,479.56↑ 1.95↑ 0.13%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.1281
GBP 1BDT 107.855
EUR 1BDT 92.0899
INR 1BDT 1.16017





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