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 22, 2020

Stocks drift marginally lower after 4 sessions

Dhaka bourse on Tuesday closed marginally lower after the core index gained 398 points in previous four consecutive sessions amid announcement of some market supportive measures and stakeholders’ subsequent meeting in this regard. On the day, the DSEX, core index of Dhaka Stock Exchange (DSE), declined marginally as large-cap companies having impact on index performed mixed. The turnover value crossed Tk 4.0 billion-mark following investors’ active participation observed during mid-session. The market opened the day’s session negatively and the core index witnessed see-saw movement for 50 minutes. Later, the DSEX rebounded but failed to sustain and closed the day’s session with a marginal loss. At the end of the session, the DSEX settled at 4408.11 with a loss of 0.58 per cent or 26.13 points. The shariah based index DSES declined 0.71 per cent or 7.30 points to close at 1007.64. Of 356 issues traded on the DSE, 79 advanced, 237 declined, and 40 remained unchanged. The premier bourse DSE on Tuesday featured a turnover of above Tk 4.06 billion which was 17.76 per cent less than that of the previous session. Of the major sectors which witnessed price correction, bank declined 0.3 per cent, engineering 1.3 per cent, fuel & power 0.3 per cent and textile 2.1 per cent. Of the sectors which witnessed price appreciation, financial institutions advanced 3.5 per cent, and cement 1.1 per cent. Investors’ concentration was focussed mostly on pharmaceuticals & chemicals which grabbed 16.4 per cent of the market turnover followed by engineering 12.7 per cent and bank 10.8 per cent.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/stocks-drift-marginally-lower-after-4-sessions-1579628255

Square Pharma tops turnover chart

Square Pharmaceuticals on Tuesday featured the highest turnover value following investors’ increased transactions executed in the main trading floor and block board. On the day, the company posted a turnover of Tk 315 million and snared 7.77 per cent of the market turnover featured by Dhaka Stock Exchange (DSE). Of total turnover featured by Square Pharmaceuticals, Tk 273 million came from transactions executed in main trading floor of the prime bourse. The remaining Tk 40 million from the transactions was executed in the block board. Meanwhile, two directors of the company-Anjan Chowdhury and Ratna Patra- have expressed intension to purchase 0.3 million shares each at the prevailing market price. According to two separate corporate disclosures posted on DSE website, the said amount of shares will be purchased from the public market within 30 working days. On Tuesday, the share price of Square Pharmaceuticals closed at Tk 195.10 each with a marginal loss of 0.36 per cent or Tk 0.7 on the DSE.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/square-pharma-tops-turnover-chart-1579628401

Govt to protect interest of salt producers

Industries Minister Nurul Majid Mahmud Humayun on Tuesday assured the salt producers of providing all government supports to protect their interest. The ministry remains alert so that no one can import edible salts in the name of industrial salt, he told a press briefing on the ministry’s achievement and activities related to Bangabandhu’s birth centenary programmes at his ministry in the city. Bangladesh is going to celebrate the birth centenary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman from March 17, 2020 to March 17, 2021. Besides, Mr. Humayun said that salt should be procured directly through Bangladesh Chemical Industries Corporation (BCIC).

Source: https://today.thefinancialexpress.com.bd/trade-market/govt-to-protect-interest-of-salt-producers-1579629352

‘More air connectivity’ to aid tourism

Experts at a programme in the city suggested that more air connectivity is required for enhancing tourism in the country and making popular for the tourists the existing tourist destinations in all seasons or round the year. They observed that authorities in Bangladesh have already destroyed many ecologically-sensitive tourist spots and not yet developed as many tourist spots while they also could not make them as attractive as they should have been due to lack of sensitivity, adequate tourist facilities and sincerity to promote the sector. They expressed their disappointment over the slow progress of some of the infrastructure development projects which could be helpful for tourism promotion. They suggested staking steps to raise awareness about environmentally-sustainable tourist destinations and move forward together for generating more employment, changing socio-economic condition and making economic progress through air connectivity and tourism development. The observations came at an exchange of views meeting on ‘Air Connectivity to Enhance Tourism’ at a hotel in Cox’s Bazar recently. Infrastructure development work started in March, 1984, and could not be completed even in 2020. “The same is the case with the construction work of Khan Jahan Ali Airport which started in 2007. The authorities still talking about land acquisition.

Source: https://today.thefinancialexpress.com.bd/trade-market/more-air-connectivity-to-aid-tourism-1579629417

Allow 100pc FDI sans any discrimination

Visiting apparel sector leaders from Sri Lanka have requested Bangladesh to allow 100 per cent foreign direct investment (FDI) without any discrimination between local and foreign companies in offering supports. They also expressed their interest to invest in Bangladesh’s textile and garment industry to collectively utilise the existing strengths of both the countries and grab global market. They also expressed their interest to invest in Bangladesh’s textile and garment industry to collectively utilise the existing strengths of both the countries and grab global market. The delegation stressed the need for equal policy support to encourage investment from Sri Lanka that is good at manufacturing value added garment items and have collaboration with buyers in products innovation.

Source: https://today.thefinancialexpress.com.bd/trade-market/allow-100pc-fdi-sans-any-discrimination-1579629388

D Money signs deal with LankaBangla Finance

D Money Bangladesh Limited and LankaBangla Finance Limited signed an agreement for digital payment collection recently. Under the agreement, D Money users can make payment of LankaBangla credit card bills and DPS through the Dmoney App. Aref R. Bashir, Co-Founder & Managing Director of D Money Bangladesh Limited, and Khwaja Shahriar, Managing Director & CEO of LankaBangla Finance Limited signed the agreement on behalf of their respective organisations.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/d-money-signs-deal-with-lankabangla-finance-1579628582

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DSEX4,408.10941↓ 26.13↓ 0.59 %
↓ 152.06↓ 0.52 %
FTSE1007,610.70↓ 40.74↓ 0.53 %
Nikkei 22524,013.99↑ 149.43↑ 0.63 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 58.11↓ 0.27↓ 0.46 %
Crude Oil (Brent)$ 64.33↓ 0.26↓ 0.40 %
Gold Spot$ 1,551.38↓ 6.79↓ 0.44 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.2649
GBP 1BDT 108.518
EUR 1BDT 92.3816
INR 1BDT 1.16950





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