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 January 02, 2019

DSEX gains highest in nine months

The prime index of the major bourse soared 1.47 per cent on Tuesday, the first day of the year, which is the biggest single-day gain in the last nine months. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by nearly 80 points or 1.47 per cent to settle at 5,465, as investors put fresh stakes on stocks. It was the biggest single-day gain of DSEX since March 29, 2018, when the index gained nearly 109 points or 1.97 per cent. DSEX added more than 245 points in the past eight consecutive sessions. Engineering sector posted the highest gain of 2.47 per cent, followed by power with 2.34 per cent, banking 2.03 per cent, and financial institutions 1.55 per cent. Trading activities, however, remained low on the day, as the total turnover amounted to Tk 5.30 billion, which was 1.48 per cent lower than the previous day’s Tk 5.38 billion. The prices of about 80 per cent traded issues soared. Out of the 341 issues traded, 264 closed higher, 54 ended lower, and 23 issues remained unchanged on the DSE trading floor. The two other indices also ended higher. The DS30 index, comprising blue chips, soared 27.41 points to finish at 1,908, and the DSES (Shariah) index rose 12.98 points to settle at 1,245.

Source: http://today.thefinancialexpress.com.bd/first-page/dsex-gains-highest-in-nine-months-1546363229

Banks post solid operating profits despite challenges

Private banks reported hefty operating profit in the just concluded year, helped by the much higher interest rate on lending than that on deposits. The banks gave emphasis on mobilising funds by opening non-interest bearing capital and savings accounts, which cut down costs and pushed up profits, said top bankers. The Daily Star obtained data of 28 banks’ operating profits: 25 posted growth in the range of 1.5 percent to 40 percent. For instance, Premier Bank logged in about Tk 618 crore as operating profits for 2018, up 40 percent year-on-year. Among the banks, Islami Bank Bangladesh registered the highest profit of Tk 2,770 crore in 2018, up 14.46 percent year-on-year. Southeast Bank is in a buoyant mood as its operating profit touched four digits for the first time in its history: its profits stood at Tk 1,012 crore last year, up from Tk 901 crore a year earlier. Dhaka Bank’s operating profit surged 24 percent year-on-year to Tk 650 crore last year. Against the backdrop, the banks went to the central bank and managed a deferral support to keep provisioning against their non-performing loans in phases

Source: https://www.thedailystar.net/business/news/banks-post-hefty-operating-profits-despite-challenges-1681651

DBH to issue Tk 3.0b zero coupon bonds

The board of directors of Delta Brac Housing Finance Corporation (DBH) has decided to issue non-convertible zero coupon bonds of Tk 3.0 billion (in face value). The bond will be multiple tranches and fund will be raised through private placement. Each share of the company, which was listed on the Dhaka bourse in 2008, closed at Tk 130.30 on Tuesday, gaining 0.69 per cent over the previous session. In the last one year, the company’s share price hovered between Tk 126.10 and Tk 144. The company disbursed 30 per cent cash dividend for the year ended on December 31, 2017. The company’s earnings per share (EPS) stood at Tk 1.82 for July-September, 2018 as against Tk 1.83 for July-September, 2017. The net operating cash flow per share (NOCFPS) was Tk 22.91 for January-September, 2018 as against Tk 28.94 for January-September, 2017. The net asset value (NAV) per share was Tk 39.41 as on September 30, 2018 and Tk 34.56 as on December 31, 2017. The company’s paid-up capital is Tk 1.21 billion and authorised capital is Tk 2.0 billion, while the total number of securities is 121.85 million.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/dbh-to-issue-tk-30b-zero-coupon-bonds-1546358307

BJMA wants duty on raw jute export

The country’s private jute millers have urged the government to impose duty on export of raw jute to help curb its export and survive local jute goods producers. The local jute goods producers were facing difficulty in procuring the basic raw materials for their mills due to the export, they said, adding that some 1.3-1.4 million bales of raw jute have already been exported in last six months. BJMA said they repeatedly urged the government to consider jute goods as processed agro-products and provide incentives. The millers also sought full implementation of the mandatory jute packaging act 2010 to increase the local use of eco-friendly products in the country. But they are yet to get this benefit. The export earnings from jute goods declined about 22 per cent in the July-November period of the current fiscal year (FY) as compared to the same period of the previous FY. The government has formed a jute sector development fund of Tk 100 billion. The association sought distribution of the fund immediately. Considering the ailing condition of the jute Industry, the government has taken multiple measures, including block account facilities, to help regain the lost glory of the jute sector.

Source: http://today.thefinancialexpress.com.bd/trade-market/bjma-wants-duty-on-raw-jute-export-1546357782

Sylhet division procures 5,073 tonnes of rice

The district food department procured a total of 5,073 tonnes of rice from all the four districts of Sylhet division till December 31, 2018. An official of the department said some 1,752 tonnes of rice have been procured in Sylhet against the season’s target 7,064 tonnes, 1,214 tonnes in Moulvibazar against the target 5,780 tonnes, 967 tonnes were procured in Habiganj having a target of 4,193 tonnes. However, 1,140 tonnes of rice have so far been procured in Sunamganj against 5,126 tonnes of target. The food department earlier signed contracts with the rice mill owners for getting supply of 22,163 tonnes of rice this season. Out of the total target, 3,802 tonnes of rice would be procured from Sadar upazila, 1,306 tonnes from Saidpur, 1,820 tonnes from Domar 2,618 tonnes from Jaldhaka, 1604 tonnes from Dimla and 955 tonnes from Kishoreganj.

Source: http://today.thefinancialexpress.com.bd/country/sylhet-division-procures-5073-tonnes-of-rice-1546354709

Potato price may go further up

The acreage of potato cultivation is set to decline this year as farmers are switching to other crops after witnessing severe losses last year. As a result, potatoes might be pricier this year. New potatoes are now selling at Tk 18-24 (granola and courage) and Tk 28- 30 (deshi red) per kg at growers’ end in Nilphamari, Rangpur, Dinajpur, Thakurgaon, Panchagarh and Gaibandha districts which was Tk 12-18 a kg in the corresponding period of last year. The crop was selling at Tk 35-50 a kg in Dhaka and Chattogram. The stored potatoes were still selling at Tk 22-26 a kg in the cities. The trading Corporation of Bangladesh (TCB) data showed the current potato price is 15-18 per cent higher than that of a year ago. A farmer got 1.5 tonnes of deshi potatoes from my lands and sold 80 per cent of the crop at Tk 34,000 per tonne. Farmers in many districts got low yield last fiscal year amid water-logging due to the flooding in the later part of 2017. According to the Bangladesh Bureau of Statistics (BBS), the country grew 10.5 million tonnes of the carbohydrate-rich crop in the FY ’18. The demand for potatoes is 7.2-7.5 million tonnes annually, according to the directorate general of food.

Source: http://today.thefinancialexpress.com.bd/trade-market/potato-price-may-go-further-up-1546357881

Pubali Bank reappoints additional MD

Safiul Alam Khan Chowdhury has recently been reappointed additional managing director of Pubali Bank for three years. He has been serving at the post since January 2016, the bank said in a statement yesterday. Chowdhury was earlier the deputy managing director of Pubali Bank. He started his banking career as a senior officer at the bank in 1983. He got his graduate and postgraduate degrees from the University of Dhaka.

Source: https://www.thedailystar.net/business/banking/news/pubali-bank-reappoints-additional-md-1681624

Berger Paints Bangladesh Limited Rupali Chowdhury inaugurating a Berger Experience Zone

Managing Director of Berger Paints Bangladesh Limited Rupali Chowdhury inaugurating a Berger Experience Zone franchised to Dina Hardware Paint and Electric at Mohammadpur in the city recently with senior executives of the company present.

Source: http://today.thefinancialexpress.com.bd/trade-market/berger-paints-bangladesh-limited-rupali-chowdhury-inaugurating-a-berger-experience-zone-1546357933

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DSEX5,385.64133↑ 79.61↑1.48%
Nikkei 22520,014.77↓62.85↓0.31%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 45.31↓0.10↓0.22%
Crude Oil (Brent)$ 53.50↓0.30↓0.56%
Gold Spot$ 1,282.70↑0.10↑0.01%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.8750
GBP 1BDT 106.7561
EUR 1BDT 96.0033
INR 1BDT 1.2042





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