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 05, 2020

Active BO accounts down 7.25pc in 2019

The number of active BO accounts declined 7.25 per cent in the just concluded calendar year from the number of accounts observed at the end of previous year. The officials familiar with the matter said a good number of BO accounts were closed in 2019 due to non-payment of maintenance fees and a regulatory move taken to ensure compliances. The number of active BO accounts stood at 2.57 million on December 30, 2019 whereas the number of accounts was 2.78 million at the end of 2018. As a result, the number of active BO accounts dropped by 7.25 per cent or 201,634 in 2019 from the figures in December, 2018. Of 2.57 million accounts found active as of December 30 last, above 1.63 million accounts are individual while the remaining 932,483 accounts are opened jointly in the name of male and female. Of total number of active accounts, the non-resident Bangladeshis own 145,516 accounts opened to conduct share transactions or to apply for IPO (initial public offering) shares. The number of BO accounts reached its peak at around 3.4 million in the fiscal year 2010-11, the year of market bubble-burst, as people, lured by the booming share prices, then had rushed to open accounts with different brokerage houses. In December, 2019 the BSEC took an initiative of introducing SMS alerts on updates of BO accounts.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/active-bo-accounts-down-725pc-in-2019-1578152348

15 cos see rise in institutional investments

Some 15 listed companies witnessed rise in institutional investments in the just concluded calendar year due to increased interest of institutional investors. The companies under A and B-categories witnessed rise of institutional investments between 3.0 per cent and 10 per cent in November compared to October, 2019. They have not yet disclosed the figures of institutional investments stood at the end of December of the just concluded calendar year. As on October 31, 2019 institutional investors held 16.80 per cent shares in City General Insurance Company, a ‘B’ category company. Later, institutional investments rose 3.40 per cent to close at 20.20 per cent by November 30, 2019. Institutional investors held 11.21 per cent shares in Kattali Textile, an ‘A’ category company, as on October 31, 2019. On November 30, 2019 institutional investments rose to 20.33 per cent in Kattali Textile with a rise of 9.12 per cent. The amount of institutional investments was 16.42 per cent in Central Pharmaceuticals as on October 31. Later, institutional investments in the company rose 5.56 per cent to close at 21.98 per cent as on November 30. By November 30, institutional investments in National Feed Mills rose 4.21 per cent to close at 23.85 per cent from the amount observed on October 31. Of other companies, Janata Insurance, New Line Clothings, Sea Pearl Resorts, Dragon Sweater and Spinning, Republic Insurance, Active Fine Chemicals, GSP Finance, Al-Haj Textile and Alif Manufacturing witnessed above 3.0 per cent rise in institutional investments during October to November, 2019.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/15-cos-see-rise-in-institutional-investments-1578152399

KPCL generates highest weekly turnover again

Khulna Power Ltd dominated the Dhaka Stock Exchange’s turnover chart for the second consecutive week while ten most-traded stocks grabbed 21 per cent transactions. Market analysts said investors continued to show their appetite on Khulna Power shares after the news that the company will acquire 35 per cent ordinary shares of United Payra Power Plant. Recently, the power generation company has decided to acquire 35 per cent ordinary shares of United Payra Power Plant, subject to approval of relevant authorities. According to the DSE data, some 12.17 million shares of Khulna Power were traded, generating a turnover of more than Tk 585 million, which was 4.49 per cent of the week’s total turnover of Tk 13.02 billion. The company’s paid-up capital is Tk 3.97 billion and authorised capital is Tk 7.0 billion while total number of securities is 397.41 million. The sponsor-director own 69.99 per cent stake in the company, while the institutional investors own 11.46 per cent, foreign investors 0.72 per cent and the general public 17.83 per cent as on November 30, 2019. Beacon Pharma notched the fifth spot, with shares worth Tk 237 million changing hands. The life insurer’s share closed at Tk 45.80 each, soaring 8.02 per cent over the previous week. The turnover of LafargeHolcim was Tk 235 million. The cement producer’s share price rose 8.26 per cent to close at Tk 36.70 each. Shurwid Industries featured a turnover of Tk 221 million. The company’s share closed at Tk 32.90 each, soaring 12.29 per cent. The turnover of Daffodil Computers was Tk 214 million. The company’s share closed at Tk 60.50 on Thursday, remaining unchanged over the previous week. National Life Insurance featured a turnover of Tk 209 million. The life insurer’s share closed at Tk 269.70 each, losing 6.52 per cent.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/kpcl-generates-highest-weekly-turnover-again-1578152449

New DMD of SBAC Bank

Altaf Hossain Bhuiyan has been promoted as Deputy Managing Director of South Bangla Agriculture and Commerce Bank ( SBAC) Ltd. Prior to the promotion as DMD, Altaf was the Senior Executive Vice President of the Bank. Altaf started his banking career with Pubali Bank Ltd in 1997 as Probationary Senior Officer. Later on he switched to NCC Bank Ltd in 2000 and worked in different capacities and responsibilities at Branch Banking and Head Office. He joined in Shahjalal Islami Bank Ltd in the year 2005.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/new-dmd-of-sbac-bank-1578152480

Over 70 firms to attend ‘Made in Bangladesh’ expo in Qatar

More than 70 companies from Bangladesh will showcase a wide-range of exportable products and services in the three-day exhibition on ‘Made in Bangladesh’ to be held from January 28 at the “Doha Exhibition and Convention Center (DECC)” in Qatar. Bangladesh Forum Qatar (BFQ) with the assistance of Bangladesh Embassy is organising the fair, reports BSS. Talking to BSS, BFQ Founding President Iftekhar Ahmed said the event would go a long way in rebranding Bangladesh as an economic powerhouse and breaking the stereotype of being a supplier of low-cost human resources.

Source: https://today.thefinancialexpress.com.bd/trade-market/over-70-firms-to-attend-made-in-bangladesh-expo-in-qatar-1578155351

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DSEX4,459.29112↑ 6.00017↑0.13
↓ 233.92↓ 0.81%
FTSE1007,622.40↑ 18.10↑ 0.24%
Nikkei 22523,656.62↓181.10↓ 0.76%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 63.05 ↑ 1.87↑ 3.06 %
Crude Oil (Brent)$ 68.60 ↑ 2.35↑ 3.55 %
Gold Spot$ 1,552.19↑ 23.06↑ 1.51%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.2666
GBP 1BDT 108.842
EUR 1BDT 92.8789
INR 1BDT 1.15819





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