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 16, 2019

Core index hits fresh nine-month high

The core index of the prime bourse on Tuesday hit fresh nine months high, as investors showed their buying appetite on financial issues. Market analysts said investors were active on both sides of trading fence, taking the market turnover above Tk 11 billion-mark for the second day in a row. According to a leading broker, the local and foreign investors were active on the trading floor as they continued to pour money anew into stocks amid growing confidence and rising trend of junk stocks is a matter of concern and investors should be careful. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 27.04 points or 0.46 per cent to settle at 5,863. It was the highest level of DSEX since April 09, last year. According to IDLC Securities, the day’s rise was driven by financial and pharmaceutical companies and top three positive index contributors were Square Pharmaceuticals, Dhaka Bank and Delta Life Insurance. The two other indices also edged higher. The DS30 index, comprising blue chips, advanced 3.07 points to finish at 2,029 and the DSES (Shariah) index gained 4.03 points to settle at 1,330.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/core-index-hits-fresh-nine-month-high-1547570038

IFIL launches 3 investment and deposit products

Islamic Finance and Investment Limited on Tuesday launched three new investment and deposit products to facilitate customers and provide better financial service. The company launched the products at a press conference held at National Press Club in Dhaka. The country’s first Shariah based non-bank financial institution, IFIL, brought one deposit product— Mudaraba Asan Deposit Scheme, and two investment products. According to the CEO Mudaraba Asaan Deposit Scheme was introduced to encourage core deposit from the low-end to high-end individual clients and the product is very much flexible unlike other deposit scheme in the sense that the client can deposit any amount at anytime in this scheme and the profit must be counted on daily basis. Raha, an investment facility, will support the opening and retirement of letter of credit amount to purchase and acquisition of raw materials, capital machinery, commercial vehicles and heavy equipment of the clients against L/C opened and maintained with other banks. Under Silaa Ul Istihlak, the product is offered to purchase commodity items to resale in the market to fulfill the seasonal demand of the market.

Source: http://www.newagebd.net/article/61887/ifil-launches-3-investment-and-deposit-products

United Finance’s share jumps 20pc in two days

The share prices of four listed companies surged recently despite having no undisclosed price sensitive information (PSI). The companies are: United Finance, Bangladesh Lamps, Sonarbangla Insurance and the state-run Renwick Jajneswar. These companies’ share rose up to 20 per cent within two trading days. Following the unusual price hike, the Dhaka Stock Exchange (DSE) served show-cause notices on the companies. In response, the companies in knee-jerk responses separately informed the prime bourse on Tuesday that there was no undisclosed price sensitive information for the recent unusual price hike of the shares.Share price of United Finance jumped 20 per cent within two trading days to close at Tk 24.20 each on Tuesday.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/united-finances-share-jumps-20pc-in-two-days-1547570425

Govt to allow LNG import in pvt sector

The government would soon open the import of liquefied natural gas (LNG) to the private sector, enabling them to sell the fuel to clients of their choice. According to the Minister of Power and Energy the private sector would be able to import LNG, regasify and sell it to consumers under a specific policy to be formulated soon. The price of LNG or regasified LNG would be determined by the private importers themselves and the private sector would be allowed to build LNG import terminal, if necessary, to facilitate business. Govt would also be allowed to supply their regasified LNG through state-run national gas grid against payment of wheeling charges.

Source: http://today.thefinancialexpress.com.bd/first-page/govt-to-allow-lng-import-in-pvt-sector-1547573578

BSEC approves proposal of determining cut-off price of Popular Pharma

The securities regulator has approved the proposal of determining cut-off price of Popular Pharmaceuticals as part of its plan of offloading shares through book building method. The approval came on Tuesday at a meeting held at the office of the Bangladesh Securities and Exchange Commission (BSEC). As per the public issue rules, the cut-off price of the Popular Pharmaceuticals will be determined through electronic bidding. The company will go public under book building method to raise a capital worth Tk 700 million. General investors get the shares of a company, allowed to offload shares under book building method, after determining the cut-off price of shares. The EIs purchase shares at cut-off price, while general investors get shares through IPO (initial public offering) at 10 per cent discount of the cutoff price.


Real estate betting big on 2019

Home sales are likely to pick up this year after a underwhelming 2018, spurred by hopes of political stability and positive economic growth outlook. According to the president of the Real Estate & Housing Association of Bangladesh (REHAB) as the election is over there is political stability and they expect the market to be better this year than the last one. This year, the market may expand by up to 9 percent in terms of sales of the number of units and the loan opportunity extended by the government for public sector employees would have a positive impact on the demand for homes.

Source: https://www.thedailystar.net/business/news/real-estate-betting-big-2019-1688041

S. S. Steel makes trading debut tomorrow

S. S. Steel Ltd will make its share trading debut on the stock exchanges tomorrow (Thursday) under the “N” category. The Dhaka Stock Exchange (DSE) trading code for the company is “SSSTEEL” and the company code is 13245 while the Chittagong Stock Exchange (CSE) scrip ID is 16038 and scrip code is “SSSTEEL”. The S. S. Steel will be the 37th listed company under the “Engineering” sector on the Dhaka bourse. The sector accounted for around 6.0 per cent of the DSE’s total market capitalization. The engineering sector company raised a capital worth Tk 250 million from the capital market by offloading 25 million ordinary shares using the fixed price method. The securities regulator — Bangladesh Securities and Exchange Commission (BSEC) approved the company’s IPO proposal on July 17 last year to raise the said amount.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/s-s-steel-makes-trading-debut-tomorrow-1547570095

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DSEX5,863.27706 ↑27.0429 ↑ 0.46%
DJIA24,065.59↑155.75 ↑ 0.65%
Nikkei 22520,414.32↓140.97↓0.69%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 52.00↓ 0.11↓ 0.21%
Crude Oil (Brent)$ 60.57↓0.07 ↓ 0.12%
Gold Spot $1,288.85 ↓ 0.66↓ 0.05%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.7724
GBP 1BDT 107.5889
EUR 1BDT 95.4922
INR 1BDT 1.1795





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