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 20, 2019

Dhaka stocks’ rally extends to 5th week

Dhaka stocks continued with gains in the past week to extend the bull run to the fifth week as investors kept injecting funds, especially into the financial scrips, while a some others went for profit taking share sales. The daily average turnover on Dhaka Stock Exchange increased further by 7 per cent to Tk 1,054.33 crore in the last week from Tk 985.12 crore in the previous week. DSEX, the key index of DSE, advanced 0.49 per cent, or 28.27 points, to close at 5,7825.57 points on Thursday, the last trading session of the week. The DSEX gained 573.72 points in the last five weeks. The market advanced in another week as a prolong rise in it provoked investors to make new investments at the market. The surge, however, was capped as many investors went for profit taking share sales over the week after their recent gains. According to EBL securities weekly market commentary the capital bourse of the country witnessed positive movement in the first three sessions of the week but it went into red zone in the last two sessions amid profit booking tendency among investors. During the week, investors opted for profit booking on shares that witnessed price appreciation in the recent upbeat momentum while some took positions in fundamental stocks ahead of earnings declarations. The financial sector led the surge for another week with a gain in share prices of non-bank financial institutions and bank by 2.6 per cent and 0.7 per cent respectively, stockbrokers said. Average share prices of insurance sector continued to surge for the third consecutive week.

Source: http://www.newagebd.net/article/62310/dhaka-stocks-rally-extends-to-5th-week

Khulna Power, BBS Cables dominate weekly turnover chart

Top 10 market leaders grabbed 18.61 per cent of total market turnover observed in five sessions of last week. Dhaka Stock Exchange (DSE) featured a turnover of above Tk 52.71 billion in last week. Of total market turnover, above 9.81 billion came transactions of the shares of top 10 companies. Khulna Power Company topped the chart of weekly turnover leaders. The company posted a turnover of above Tk 1.71 billion and grabbed 3.25 per cent of total market turnover. The company’s share price closed at Tk 64.80 each on Thursday. The closing price of the previous week was Tk 65.30 each. BBS Cables featured a turnover of above Tk 1.32 billion in last week and grabbed 2.51 per cent of total market turnover. The company’s share price declined to Tk 108 each on Thursday from Tk 110.60, the closing price of previous week. Olympic Industries grabbed 2.40 per cent of total market turnover after featuring a turnover of above Tk 1.26 billion in five sessions of last week. The company’s share price closed at Tk 255.70 each on Thursday. The closing price of the shares of company was Tk 258.40 each in previous week. JMI Syringes & Medical Devices posted a turnover of above Tk 859.32 million in last week and grabbed 1.63 per cent of the market turnover. The company’s share price rose 19 per cent to close at Tk 463 in five sessions of last week.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/khulna-power-bbs-cables-dominate-weekly-turnover-chart-1547913169

Largest private economic zone to be ready this year

The country’s largest private economic zone, Sirajganj Economic Zone Ltd (SEZL), may open for entrepreneurs within this year. The zone’s director expects that we will be able to allot the plots of the zone within December this year or the first half of next year at maximum. The zone is expected to create employment opportunities for five lakh people and bring in over $2 billion in investments. Its architectural layout designates space for 400 industries. The SEZL spent Tk 350 crore to acquire 1,035.93 acres of land, which was now being readied and levelled with sand. Its physical infrastructure is also being developed, one being through the ongoing construction of a jetty. Other facilities include dormitories and housing of five-star or equivalent standards for workers, one-stop administrative and logistic amenities, health and day care centres and technical institutions. The zone will have its own means of sourcing water and will generate steam through a dedicated plant. It will very soon start setting up a 300-MW power plant for uninterrupted electricity supply while availing natural gas from the government. The SEZL will dispose of its industrial waste through a common effluent treatment plant (CETP) characterised by zero discharge.

Source: https://www.thedailystar.net/business/economy/news/largest-private-economic-zone-be-ready-year-1690039

AMCL (Pran) sees steady growth

Agricultural Marketing Company Ltd. (Pran) posted a steady growth in revenue earnings in last five fiscal years (FYs). To keep the revenue growth stable, the company always laid importance on a ‘strong’ distribution network and ‘effective’ marketing promotions. The company’s revenue was above Tk 1.72 billion for the FY 2013-14. Later, the revenue gradually rose. The revenue was above Tk 1.88 billion in 2014-15, above Tk 2.09 billion in 2015-16, above Tk 2.38 billion in 2016-17 and above Tk 2.53 billion in 2017-18. AMCL (Pran) produces consumable products using agro-commodity and various beverages. The company’s products include different types and brands of juice and drinks, mineral water, soft drinks, ice pop and mango bars.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/amcl-pran-sees-steady-growth-1547912838

Stockbrokers seek liquidation rules for delisted firms

Dhaka Stock Exchange Brokers Association has requested market regulator Bangladesh Securities and Exchange Commission to set liquidator with the task of liquidating a delisted company, paying back its loans and buying back its public shares. According to the brokers liquidation of a company after being delisted from the stock exchange was an international practice and the association was making the proposal following international standards. DBA mentioned that India’s market regulator, Securities and Exchange Board of India, has regulations to liquidate delisted companies and keep the companies’ sponsors away from the capital market for a specific period of time. One DBA officials mentioned it made the appeal as the country’s premier bourse has started delisting non-performing and erring companies from the market and the general shareholders of the companies risk losing their investments when the companies would be delisted due to lack of proper rules in this regard.

Source: http://www.newagebd.net/article/62307/stockbrokers-seek-liquidation-rules-for-delisted-firms

BEPZA to set up fund to meet emergencies

A fund would be set up with owners, buyers and workers of the companies operating in the country’s eight export processing zones (EPZs). The ‘owners-buyers-workers’ fund aims to meet expenses with regard to emergency support, social safety net and other development and administrative requirements. A provision to this effect has been incorporated in the latest ‘Bangladesh EPZ Labour Ordinance 2019’. The government issued a gazette notification on January 15 in this connection. The fund will have contributions from each purchase order, donation from buyers, government, foreign individual or companies, a certain amount from workers and profit from the fund’s investment. Certain rules would regulate the proposed fund’s administration, management, utilization of its money and other issues. Labour inspection at factories within the EPZs is allowed in conformity with the labour law.

Source: http://today.thefinancialexpress.com.bd/last-page/bepza-to-set-up-fund-to-meet-emergencies-1547915678

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DSEX5,825.57232 ↓13.91065 ↓ 0.24%
DJIA24,706.35↑ 336.25 ↑ 1.38%
FTSE1006,968.33 ↑133.41↑1.95%
Nikkei 22520,666.07↑263.80↑1.29%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 53.80↑1.73↑ 3.32%
Crude Oil (Brent) $ 62.70↑1.52↑2.48%
Gold Spot$1,282.11↓9.94↓ 0.77%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.6294
GBP 1BDT 107.6478
EUR 1BDT 95.0281
INR 1BDT 1.1748





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