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 27, 2019

EPS of eight companies rise marginally in Q2

The EPS (earnings per share) of eight listed companies rose marginally for October-December (Q2), 2018 compared to same period of the previous year. The EPS of Miracle Industries, S. S. Steel, Dhaka Electric Supply Company, Rangpur Foundry, Agricultural Marketing Company Limited (Pran), Eastern Housing Limited, Malek Spinning Mills and Western Marine Shipyard rose. According to un-audited financial statement for Q2, the EPS of Miracle Industries was Tk. 0.27 for October-December 2018 as against Tk. 0.26 for October-December 2017. The EPS was Tk. 0.55 for July-December 2018 as against Tk. 0.53 for July-December 2017. S. S. Steel has reported its EPS of Tk. 0.54 for October-December 2018 as against Tk. 0.31 for October-December 2017. The EPS of Dhaka Electric Supply Company was Tk. 0.81 for October-December 2018 as against Tk. 0.33 for October-December 2017. The company’s EPS was Tk. 1.76 for July-December 2018 as against Tk. 0.86 for July-December 2017. Rangpur Foundry has reported its EPS of Tk. 1.05 for October-December 2018 as against Tk. 1.02 for October-December 2017. The EPS of Agricultural Marketing Company Limited (Pran) was Tk. 1.78 for October-December 2018 as against Tk. 1.76 for October-December 2017. The company’s NOCFPS (net operating cash flow per share) was Tk. 16.45 for July-December 2018 as against Tk. 5.87 for July-December 2017.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/eps-of-eight-companies-rise-marginally-in-q2-1548517638

Finance shares pull investors at DSE

Finance shares on the Dhaka Stock Exchange drew investors last week as they poured money in the financial sector ahead of their full-year earnings reports, helping it make up almost half of the turnover. Nearly 44 percent turnover came from banks, non-bank financial institutions, and insurance shares in the week. According to UCB Capital Management, the banking sector accounted for 20.07 percent of the turnover, while the insurance sector’s share was 13.04 percent and NBFI’s 10.78 percent. As per a leading stock broker only the financial sector is going to declare annual earnings and dividend in the coming months, so investors want to hold these shares. In the week, the banking sector saw the highest gain as well, adding 5.90 percent. It was followed by telecommunications (5.68 percent), insurance (4.95 percent), mutual funds (2.92 percent), power (2.40 percent), and financial institutions (0.82 percent). On the other hand, engineering, food and pharmaceuticals sectors shed 1.78 percent, 0.88 percent and 0.02 percent respectively.

Source: https://www.thedailystar.net/business/news/finance-shares-pull-investors-dse-1693459

DSE for sound fund flow for stocks in MPS

Dhaka Stock Exchange has urged the Bangladesh Bank to declare capital market-friendly monetary policy that would ensure consistent liquidity flow in the market. Bangladesh Bank will announce monetary policy statement for the second half of the current fiscal year 2018-2019 on January 30. On January 22, the country’s premier bourse sent a letter to BB governor Fazle Kabir with a 7-point proposal for the interest of the capital market. As per the officials of the bourse banks’ single party exposure and stock market exposure limits squeezed liquidity flow at the stock market. The central bank should announce its MPS so that it could not widen the wound in the market. In the MPS, the premier bourse also appealed to emphasis the capital market as a mean of long term financing for the public, private and small capitalised companies rather than conventional bank loans, DSE said in the latter to BB. As per DSE the bourse set to launch small capital board in the market. To accelerate the cash flow in the stock market, the DSE has also urged to consider a number of issues. The Banking Companies Act 1991, which was amended in 2013, has restricted a bank’s stock market exposure on consolidated basis to 25 per cent of its capital. The banks’ capital includes paid-up capital, share premium, statutory reserve and retained earnings.

Source: http://www.newagebd.net/article/62950/dse-for-sound-fund-flow-for-stocks-in-mps

Far East Knitting posts steady growth in turnover

Far East Knitting & Dyeing Industries (FEKDI) has posted a steady growth in turnover values in last five fiscal years (FYs) following the company’s increased production capacity. But a mixed trend was observed in net profit during the period due to various reasons including the hikes in gas and electricity bill and wages of employees. As per the officials the decline in export prices is the major reason behind the mixed trend in net profit amid increased turnover values. For the FY 2017-18, the FEKDI has reported its turnover of above Tk 3.59 billion, which was 10 per cent higher than the turnover of the previous FY. But the company’s net profit declined 25 per cent to close at above Tk 261.90 million in the FY 2017-18 compared to same period of the previous year. As per the the company’s directors’ report there has been a significant downward pressure on the export prices of the final garment while the cost of production continued to rise.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/far-east-knitting-posts-steady-growth-in-turnover-1548515711

Stocks Bull Run extends to 6th week Dhaka stocks rallied in the past week, stretching the bull-run to the sixth consecutive week, as investors continued buying shares of financial and telecommunication sectors eyeing better earnings disclosures. DSEX, the key index of DSE, surged 2.14 per cent, or 124.44 points, to close at 5,950.01 points on Thursday, the last trading session of the week. On Thursday, the index hit a fresh 11-month high after February 18, 2018 when it was at 5,950.75 points. The DSEX gained 698 points in the last six weeks. After a solid gain on the first day of the week, the index dipped on the following day amid profit booking share sales, but it posted gains in the remaining three sessions as investors continued buying shares, especially financial scrips and Grameenphone. The market has been maintaining bullish vibe since the December 30 election amid fresh enthusiasm and excitement from the investors, pushing the index to close to 6,000 points. The expectation over companies’ upcoming financial disclosures also supported the market rally in the past week.

Source: http://www.newagebd.net/article/62953/stocks-bull-run-extends-to-6th-week

Businesses for quick, smooth cargo delivery at port

Businesses have demanded quicker and smoother delivery of imported cargo without harassment during customs valuation and revenue collection to facilitate higher production in factories. At the same time, they urged the Customs authority to be vigilant against attempts to smuggle goods by corrupt businesses while taking delivery of their import cargo. The views were expressed at a seminar, organised on Saturday at the Chittagong Custom House auditorium in observance of the International Customs Day 2019. As per the Minister the Customs men must also sincerely and honestly see that any importer or exporter doing business honestly must not face any kind of harassment at the Customs House.

Source: http://today.thefinancialexpress.com.bd/trade-market/businesses-for-quick-smooth-cargo-delivery-at-port-1548517086

Transaction through Mobile Financial Services reach widens

Transactions through mobile financial services (MFS) grew 20.41 percent year-on-year to Tk 378,885 crore in 2018 thanks to the rising acceptance of digital payments by private and public entities. By the end of December 2018, the number of active accounts availing the service also grew by about 77.68 percent to 3.73 crore compared to what was at the start of the year, according to a report of Bangladesh Bank. The BB has been collecting data on MFS from 2014 and that year about Tk 103,157 crore was transacted through the channel. It was Tk 157,776 crore in 2015 and Tk 234,690 crore in 2016. Industry insiders said government offices were increasingly accepting this new mode of payment while different private sectors have been using this platform for salary disbursement. Initially customers mostly used this platform for sending money and now more than Tk 1,000 crore is being transacted for payment of different bills and payments every day.

Source: https://www.thedailystar.net/business/news/mfs-reach-widens-1693450

Mtb holds annual business conference

Mutual Trust Bank Ltd. (MTB) held its Annual Business Conference 2019 (MABC 2019) on Saturday at a local hotel in Dhaka. The conference discussed strategies and plans on how the bank will reach its desired targets in 2019, considering the previous year’s achievements and current year’s economic scenario and market conditions. “MTB Shining”, the theme for 2019, was unveiled at the conference. The MTB Chairman, appreciated the hard work put in by all MTBians for significant progress in the year 2018 in terms of the growing network, infrastructure, products and services.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/mtb-holds-annual-business-conference-1548515783

BB governor for quality training

Bangladesh Bank (BB) Governor Fazle Kabir recently underscored the need for ensuring quality training for bankers to mitigate the risks of the banking sector. “Quality training will help ease the risks of the banking sector. It will also promote professionalism among the bankers,” he said while handing over the certificates of a five-day training course at the central bank headquarters in the city, said a press release. Bangladesh Institute of Bank Management (BIBM) and Banking Finance and Insurance Institute of Nepal (BFIIN) jointly organised the training course on “Risk based Internal Audit”. A total of 23 Nepalese bankers participated in the training course. As per the governor the training course has created an opportunity to exchange banking related experiences between the two countries.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/bb-governor-for-quality-training-1548515907

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DSEX5,950.01115 ↑ 24.76822 ↑ 0.42%
DJIA24,737.20↑ 183.96↑ 0.75%
FTSE1006,809.22 ↓ 9.73↓ 0.14%
Nikkei 22520,773.56↑ 198.93↑0.97%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 53.69 ↑0.56 ↑1.05%
Crude Oil (Brent) $ 61.64↑0.55↑0.90%
Gold Spot $1,305.25↑ 24.04↑ 1.88%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.7101
GBP 1BDT 110.4638
EUR 1BDT 95.4797
INR 1BDT 1.1762





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