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 March 07, 2019

Banking, Engineering, Textile sector dominate turnover chart

Stocks finished almost flat Wednesday after see-saw movement throughout the session as investors booked some profits with cautious positioning. As per the Market Analysts, the market ended flat as a section of investor bagged profit while some others were busy rebalancing portfolio ahead of earnings and dividend declarations of financial sectors. According to a broker, the investors from both sides of the trading fence were active throughout the trading session amid current volatile market sisuation. The market moved significantly between red and green as the days wore on with intra-day volatility was more than 25 points. After witnessing volatility, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,686, losing 1.10 points or 0.01 per cent over the previous day. As EBL Securities, Investors’ cautious stance pulled down the index to the red zone as selling pressure on the sector specific shares from the engineering, power, telecom and pharma sectors prevailed. The two other indices also slipped into the red. The DS30 index, comprising blue chips, fell 2.77 points to finish at 1,993 and the DSE Shariah Index lost 0.51 point to close at 1,303.


16pc Women work in BD ICT sector

According to a new study, Bangladesh has a 16-per cent female workforce in the fast-growing ICT (information and communications technology) sector. The male-female ratio in the sector is 5:1, revealed the country’s first ICT job market study. Daffodil International University conducted the study titled ‘Survey on ICT job market in Bangladesh’. The report published on Wednesday also found that data administrator, programming, project management, IT sales and marketing, and web development are the five jobs in great demand. However, the lowest supplies in the sector against the market demand are web development, IT research and development, solution and architect, technical writing and digital media or animator.

Source: http://today.thefinancialexpress.com.bd/last-page/16pc-women-work-in-bd-ict-sector-1551895727

Dev Partners eager to help Bangladesh achieve SDGs

International development partners yesterday expressed interest in supporting Bangladesh in the attainment of the sustainable development goals (SDGs), particularly those in areas of human rights and good governance. The expression came at a “Goal Groups’ Consultation with International Development Partners” organised by the Citizen’s Platform for SDGs at Brac Centre Inn in Dhaka.

Source: https://www.thedailystar.net/business/news/dev-partners-eager-help-bangladesh-achieve-sdgs-1711432

Monno Ceramic tops DSE turnover chart

Monno Ceramic Industries dominated the prime bourse’s turnover chart Wednesday while top ten-traded companies grabbed 36 per cent transactions. Market analysts said investors showed their buying appetite on Monno Ceramic shares as the regulator lifted restriction on it and put back the shares of the company on the public market from the spot market. The Bangladesh Securities and Exchange Commission on February 20, 2019 lifted restriction on Monno Ceramic after more than six months. On August 16, 2018, the BSEC sent the Monno Ceramic to the spot market for the unusual price hike of their shares. According to statistics from the Dhaka Stock Exchange, about 792,617 shares of Monno Ceramic were traded, generating a turnover of Tk 334 million, which was 5.87 per cent of the prime bourse’s total turnover.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/monno-ceramic-tops-dse-turnover-chart-1551894007

Mahin Group to build Tk 400cr Spinning Mill

Mahin Group, a trouser and woven fabrics manufacturer, is going to invest Tk 400 crore this year to set up a spinning mill to produce 30 tonnes of yarn a day. As Managing Director of the group, they will go into production in August next year. Of the investment, 70 percent will come from banks and the remaining 30 percent from the company’s coffer. A significant amount of the investment will come from foreign sources. Mahin Group has bought 26 bighas of land at Charsindhur in Narsingdi to set up the mill, which will have the capacity for 55,000 spindles. It will start the construction of the pre-fabricated factory building in May this year and will begin the installation of machinery in March next year.

Source: https://www.thedailystar.net/business/news/mahin-group-build-tk-400cr-spinning-mill-1711447

Silco Pharma’s IPO subscription begins today to raise Tk 300m

The initial public offering (IPO) subscription of Silco Pharmaceuticals begins today (Thursday), aiming to raise Tk 300 million from the capital market.The subscription for shares of the pharma company by the eligible investors through electronic subscription system will be started from 10:00am Thursday and continued until 5:30pm on March 19 (round the clock). The securities regulator — Bangladesh Securities and Exchange Commission (BSEC) — approved the Silco Pharma’s application to raise the fund on December 20, 2018. According to the BSEC approval, using the fixed-price method, Silco Pharma will float 30 million ordinary shares of Tk 10 each. As of June 2017, five financial years’ weighted average earnings-per share (EPS) of the company stood at Tk 1.46 and net asset value (NAV) per share at 25.41. The company will utilise the IPO proceeds to construct factory building, purchase machinery and delivery van and bear the IPO expenses.


Mercantile Bank donated Tk. 2.5 million to Gonoshasthaya Dialysis Centre

Mercantile Bank Limited donated Tk. 2.5 million to the Gonoshasthaya Dialysis Centre to establish an ultra modern dialysis unit consisting of specialised bed with audio and video facilities. Bank’s Managing Director & CEO Md. Quamrul Islam Chowdhury handed over the cheque to Dr. Mohib Ullah Khondoker, coordinator of Gonoshasthaya Dialysis Centre on Tuesday at the bank’s head office. MBL’s Additional Managing Director Mati Ul Hasan along with other senior executives & officers of the bank were present


Private sector vital for SDGs

Private sector’s engagement is vital for achieving Sustainable Development Goal 6 that stands for ensuring availability and sustainable management of water and sanitation for all. The Hongkong and Shanghai Banking Corporation (HSBC) in collaboration with WaterAid organised the event at InterContinental Dhaka. Principal Coordinator for the SDG affairs at the Prime Minister’s Office attended the programme as the chief guest. The Chief Guest emphasis on private sector’s involvement in achieving the SDG 6, saying Bangladesh needs to spend 2.5 percent of its GDP to ensure water and sanitation for all.

Source: https://www.thedailystar.net/business/news/private-sector-vital-sdgs-1711435

Int’l Firm to survey site of land-based LNG terminal

Petrobangla would carry out multiple surveys, including metocean, offshore geotechnical and bathymetry, by a global firm on the proposed site of a land-based LNG import terminal at Matarbari. As per A Senior Official of the state entity, the firm would be appointed soon to conduct surveys to successfully implement the country’s first land-based LNG terminal. The Petrobangla has decided to carry out the surveys for the terminal within the shortest possible time. For the facility, a project developer to be selected through a competitive bidding would use the surveyed data while building the terminal before June 2023. The US-based Excelerate Energy, the owner of the lone operational offshore LNG terminal at Moheshkhali in the Bay of Bengal, did the surveys of its own before building the facility.

Source: http://today.thefinancialexpress.com.bd/last-page/intl-firm-to-survey-site-of-land-based-lng-terminal-1551895573

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
FTSE1007,196.00 ↑12.57↑0.17%
Nikkei 22521,435.18↓161.63↓0.75%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 56.40↑0.18↑0.32%
Crude Oil (Brent)$ 66.31 ↑0.32↑0.48%
Gold Spot$1,286.66↑0.30↑0.02%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.9922
GBP 1BDT 110.7101
EUR 1BDT 94.9532
INR 1BDT 1.1998





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