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
Rate last updated: 02/01/2014 11:15:04 AM
Stocks posted marginal gain for the second straight session on Sunday as investors showed their appetite on Banking sector shares. The market opened on positive note and the key index rose more than 29 points within first 30 minutes of trading, but rest of the session shed most of the initial gains. Finally, DSEX, the prime index of the Dhaka Stock Exchange [DSE], went up by 7.26 points or 0.14 per cent to settle at 4,975. According to Market analysts, Banking stocks like BRAC Bank, Eastern Bank, Al-Arafah Islami Bank, Mutual Trust Bank, Trust Bank and Square Pharma jacked the index up. The market ended marginally higher, many investors remained worried about the recent volatility of the market and maintained cautious approach. The DSE Shariah Index also gained 1.01 points to close at 1,149. However, the DS30 index, comprising blue chips, saw a fractional loss of 0.98 point to finish at 1,767. Turnover, a crucial indicator of the market, fell to Tk 3.84 billion, which was 6.80 per cent lower than the previous day’s Tk 4.12 billion. The heavyweight Banking sector posted the highest gain of 1.10 per cent with prices of 23 Banks closed higher out of 30 listed Banks.
The Board of Directors of two Private Commercial Banks — ONE Bank Ltd and Jamuna Bank Ltd– have decided to issue non-convertible perpetual bond worth Tk 4.0 billion each. The ONE Bank will issue non-convertible perpetual bond [at floating rate] worth Tk 4.0 billion, according to an Official disclosure on Sunday. The Bank will issue the bond for raising fund to meet regulatory capital support of the Bank under Tier-1, subject to the approval of the regulatory authorities – BB and Bangladesh Securities and Exchange Commission [BSEC], according to the disclosure. The board of directors of Jamuna Bank has decided to raise fund against issuance of coupon-bearing non-convertible perpetual bond worth Tk 4.0 billion through private placement. The Bank will issue the bond for raising fund as part of the additional Tier-I of revised regulatory capital framework for Banks in line with Basel-III.
Bangladesh can receive as much as $100 billion from remittance if the country’s huge volume of young population is trained in new technologies, according to the Asian Development Bank yesterday. In fiscal 2018-19, about 12 million migrant workers sent home $16.4 billion. An international conference on Blockchain Technology organized by the ADB. Blockchain is a cutting-edge high-level creative technology that can revolutionize many areas of modern life by improving transparency, accountability and efficiency in service delivery, governance, financial sector, industries, trade and other areas. The ADB organized the two-day event with a view to introducing the Blockchain Technology in Bangladesh, inspiring dialogues among stakeholders and identifying areas where the technology can be used to unleash the growth potential of the country. After the completion of the Padma Bridge the country will see 1 percent economic growth [GDP] while the other under-construction mega structures will generate the rest of the expected growth. Bangladesh is now the world’s 30th largest economy and it will become the 26th largest by 2030. By 2041 Bangladesh will reach the top 20.
Source: https://www.thedailystar.net/business/news/remittance-soar-if-youths-trained-new-tech-adb-1807222
Gas-rich Brunei is interested to supply Liquefied Natural Gas [LNG] to Bangladesh amid the country’s mounting natural gas demand. Brunei’s High Commissioner to Bangladesh Haji Haris Othman has expressed the interest during a courtesy call on state minister for Power, Energy and Mineral Resources Nasrul Hamid in the secretariat on Sunday. Brunei currently has a memorandum of understanding to supply LNG to Bangladesh, according to an Energy Ministry official. A final deal is yet to be inked. Bangladesh is importing LNG from Qatar’s RasGas and Oman’s Oman Trading International and re-gasifying in two floating LNG terminal at Moheshkhali island in the Bay of Bengal. State-run Petrobangla has so far imported five dozens of LNG cargoes to feed the gas-guzzling consumers in the country. Bangladesh has also shortlisted some 17 global suppliers to purchase LNG from spot market. Separately, Bangladesh has moved to build a land-based LNG import terminal. A dozen of potential builders have already submitted expression of interests for the land-based LNG terminal.
Yarn consumption doubled over the last six years because of high demand from domestic garment manufacturers and high volume of garment export, according to industry insiders. In fiscal 2012-13, local knitters and weavers consumed 10 lakh to 11 lakh tonnes of yarn. Last year, the amount stood at 22 lakh tonnes, according to Monsoor Ahmed, Secretary to the Bangladesh Textile Mills Association [BTMA], and the platform for the primary textile sector. Between fiscal 2012-13 and 2018-19, Bangladesh’s garment export increased nearly 10 percent. Last fiscal year, apparel shipment from Bangladesh was $34.13 billion, which was $21.51 billion in fiscal 2012-13, according to data from the Export Promotion Bureau. The sector also witnessed a setback in shipment because of elections in some major markets, financial crisis in some economies and Brexit. On the other hand, there were some sunny sides for the local garment exporters like new export destinations such as Japan, India and China, where Bangladesh’s garment export has been growing at a faster rate in comparison to traditional markets like the EU, the US and Canada. The local garment exporters have been receiving a lot of work orders because of the US-China trade war that compelled many international retailers and brands to come to Bangladesh. Lower production of yarn by local spinners means cotton consumption by Bangladesh also declined. Last fiscal year, Bangladesh imported nearly 7.7 million bales of cotton, which was 8.2 million bales in fiscal 2017-18.
Source: https://www.thedailystar.net/business/news/yarn-consumption-doubles-six-years-1807231
The price of onion marked a fresh hike in the local market as Indian government on Sunday banned the export of all varieties of onion for an indefinite period. India also restricted stock limits on both retail and wholesale traders following a price surge of the commodity there, according to the local media. Onion was selling at 70-80 rupee a kilogram in the Indian capital of New Delhi. Following the India’s export ban, onion prices in different kitchen markets in Dhaka soared by Tk 10 per kg to Tk 90 on Sunday evening. On September 13, India raised its maximum export price of onion to $850 a tonne, pushing up prices of the item in Bangladesh market. As such, onion prices rose up by Tk 20-25 a kg at retail level here. The government has already taken steps like open market sale [OMS], enhanced market watch and meetings with key traders to stabilize onion prices. The state-run Trading Corporation of Bangladesh [TCB] has been selling onion at Tk 45 a kg through 16 trucks since September 16 in the capital.
Source: http://today.thefinancialexpress.com.bd/first-page/india-imposes-ban-on-onion-exports-1569778161
Asian University for Women [AUW] has been given Value Added Tax [VAT] exemption for place and house rent for the sake of expanding Women’s Education in the country, reports BSS. The National Board of Revenue [NBR] issued a Statutory Regulatory Order [SRO] to this end last week saying, the AUW has been running by the foreign finance without any intention of making profit. Considering this aspect, the NBR under the section 126 of the VAT Act, 2012, has given the exemption to the AUW.
Source: http://today.thefinancialexpress.com.bd/trade-market/vat-exemption-for-auw-1569769529
| Index Name | Close Value | Value Change | Percentage Change |
|---|---|---|---|
| DSEX | 4975.73846 | 0.00 | 0.00 |
| DJIA | 26,820.25 | ↓ 70.87 | ↓0.26% |
| FTSE100 | 7,426.21 | ↑ 75.13 | ↑1.02% |
| Nikkei 225 | 21,780.20 | ↓98.70 | ↓0.45% |
| Commodity | Close Value | Value Change | Percentage Change |
|---|---|---|---|
| Crude Oil (WTI) | $ 56.05 | ↑ 0.14 | ↑ 0.25% |
| Crude Oil (Brent) | $ 61.94 | ↑ 0.03 | ↑ 0.05% |
| Gold Spot | $ 1,492.38 | ↓ 4.63 | ↓ 0.31% |
| Exchange Rates | |
|---|---|
| USD 1 | BDT 82.9118 |
| GBP 1 | BDT 101.849 |
| EUR 1 | BDT 90.6791 |
| INR 1 | BDT 1.17449 |
Call Center: 16474 & +8809678016474 (Overseas) Copyright © 2024 Dhaka Bank PLC. All rights reserved.
