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 24, 2020

Pharma stocks shine amid rising Covid-19 cases

Prices of some disinfectants and chemical stocks are soaring as investors are anticipating brisk business amid rising coronavirus cases in Bangladesh. Shares of Central Pharma, ACI Formulations and ACI Ltd have witnessed their price surge in the last three sessions amid bearish market. ACI Formulations and ACI which supply hexisol and hand wash jumped 25 per cent and 20 per cent respectively in the past three straight sessions. People familiar with the matter said the pharma sector is tracking gains from the overseas trend, amid the virus scare that has infected over 349,676 people and caused more than 15,300 deaths globally until Monday. The official deaths toll from coronavirus is now three and total infected stands at 33 in Bangladesh as one more death and six new cases were confirmed on Monday. In the past three sessions, the Central Pharma’s share price jumped 33 per cent as temporary suspension of the license of production of few drugs of the factory is withdrawn on Sunday. The prices of Central Pharma, ACI Formulations and ACI Ltd were the Monday’s top gainers, soaring 10 per cent, 9.99 per cent and 6.25 per cent respectively. Prices of 14 pharma & chemicals issues soared, only three declined and 15 remained unchanged on the Dhaka Stock Exchange on Monday. The pharma sector also captured nearly 37 per cent of the day’s total turnover.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/pharma-stocks-shine-amid-rising-covid-19-cases-1584979314

Walton to receive premium worth Tk 973.12 million

Walton Hi-Tech Industries will receive an aggregate amount of premium worth Tk 973.12 million from eligible and general investors offloading above 2.75 million shares of ten taka each. The company is going to receive such amount of premium offering only 0.91 per cent shares as eligible investors (EIs) quoted prices up to Tk 765 per share. The company officials said the EIs quoted prices in the bidding taking into account the fundamental base of the Walton Hi-Tech Industries. Under the book building method, the stock exchanges have already conducted price bidding required to allot 50 per cent shares to the EIs before floating IPO (initial public offering). After the bidding, the cut-off price has been fixed at Tk 315 each and the value of the shares allotted to EIs stood at above Tk 609.65 million, of which premium worth Tk above 595.86 million will come from over 1.37 million shares. So, above 1.37 million shares will be issued through IPO at a price of Tk 283.50 each. In that case, the allotted value of the shares to be issued to general investors and NRBs will stood at above Tk 391.05 million, of which above Tk 377.25 million will be the premium. As a result, the amount of total premium that will be received by Walton Hi-Tech Industries will stand at Tk 973.12 million for above 2.75 million shares of Tk 10 each. The Bangladesh Securities and Exchange Commission (BSEC) allowed Walton Hi-Tech to explore its cut-off price on January 7 – a requirement for going public under the book building method. The company will raise a capital worth Tk 1.0 billion using the book building method to expand business and repay bank loans.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/walton-to-receive-premium-worth-tk-97312-million-1584979370

Two more banks declare dividend

Dhaka stocks went down on Sunday, a day after the securities regulator imposed circuit breaker to boost the ailing capital market. DSEX, the key index of the Dhaka Stock Exchange, shed 14.79 points or 0.37 per cent to settle at 3,960, after jumping 371 points in the previous session. Trading on bourses took place from 10:30am to 1:30pm as the bourses curtailed trading time by one hour due to anxiety for coronavirus pandemic. The presence of investors on the trading floor was thin as the bourses discourage their clients for rushing in the brokerage houses and encourage more for trading through mobile apps and other internet-based devices. Bangladesh Securities and Exchange Commission imposed circuit breaker on Thursday to curb the free-fall of stock prices. However, the CSE edged higher with its All Shares Price Index (CASPI)-advancing 53 points to close at 11,18Two more banks – Mercantile Bank and Bank Asia have recommended dividend for the year ended on December 31, 2019, according to separate official disclosures on Monday. Mercantile Bank: The board of directors of Mercantile Bank has recommended 11 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2019. The annual general meeting will be held on April 30 and the record date is on April 15. The bank has also reported consolidated earnings per share (EPS) of Tk 3.01, consolidated net asset value (NAV) per share of Tk 22.96 and consolidated net operating cash flow per share (NOCFPS) of Tk 2.23 for the year ended on December 31, 2019 as against Tk 3.12 (restated), Tk. 22.91 and Tk 2.04 respectively for the same period of the previous year. Each share of the bank, which was listed on the DSE in 2004, closed at Tk 12.30, soaring 10.81 per cent over the previous day. It was also the day’s top gainer. 7. The bank has also reported consolidated EPS of Tk 1.68, consolidated NAV per share of Tk 21.09 and consolidated NOCFPS of Tk 22.94 for the year ended on December 31, 2019 as against Tk 1.92 (restated), Tk 19.89 and Tk 3.00 respectively for the same period of the previous year.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/two-more-banks-declare-dividend-1584979558

UCB signs deal with Grand Palace Hotel

United Commercial Bank Limited (UCB) signed an agreement with Grand Palace Hotel & Resorts Ltd at the corporate office of the bank in the city recently. Under the agreement, all credit and debit cardholders of UCB will enjoy special 45 per cent discount on published room rent and 10 per cent discount on restaurant food bill at Grand Palace Hotel & Resorts both Sylhet and Rangpur outlets. .

Source: https://today.thefinancialexpress.com.bd/stock-corporate/ucb-signs-deal-with-grand-palace-hotel-1584979844

Visa cardholders can now load up bKash wallets

Customers of mobile financial service provider bKash will be able to load their wallets by way of their Visa debit or credit cards, in a development that will give further momentum to propagating cashless transactions in Bangladesh. The service comes in the thick of the coronavirus outbreak. It is said that the novel virus spreads through bank notes, a disclosure that has prompted South Korea’s central bank to quarantine bank notes and China to clean potentially infected cash with ultraviolet light and high temperature. Experts also suggested going cashless to avoid contagion of the virus that is wrecking havoc around the globe. At the time of writing, the deadly virus has claimed more than 15,000 lives and sickened more than 343,000. COVID-19 has taken a menacing form in Bangladesh, and is said to have reached the community transmission level. Banks have also been asked to divide the workforce at least into two groups on the basis of their responsibilities. The groups will run the operations of the banks on a rostering basis every week. The central bank also asked banks to accelerate online services so that customers need not visit branches in person to carry out banking. Customers can pay for a wide range of service through bKash: mobile recharge, money transfer, payment at point-of-sales terminal, pay utility bills, buy tickets, pay insurance, and so on. With the large number of Visa and bKash users, this service will make digital payments simple and seamless for people across the country .

Source: https://www.thedailystar.net/business/news/visa-cardholders-can-now-load-bkash-wallets-1885009

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DSEX3,984.75↑ 24.58↑ 0.62 %
↓ 582.05↓ 3.04 %
FTSE1004993.89↓ 196.89↓ 3.79 %
Nikkei 22517640.17↑ 752.39↑ 4.46 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$24.27 ↑ 0.91↑ 3.90%
Crude Oil (Brent)$ 27.75 ↑ 0.72↑ 2.66 %
Gold Spot$1,577.47↑ 24.24↑ 1.56%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 82.9291
GBP 1BDT 96.0952
EUR 1BDT 88.9876
INR 1BDT 1.09008





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