Business
DSE benchmark index drops 29.64 points in early trading; Tk 105.6cr traded in 90 mins
The Dhaka Stock Exchange (DSE), Bangladesh's main capital market, experienced a downtrend in the first 90 minutes of trading on Sunday.
Within the first 1:30 hours of the session, shares and mutual fund units worth Tk 105.6 crore were exchanged through 42,107 transactions, according to DSE records. A total of 4.2 crore shares and units changed hands during this period.
A total of 385 companies participated in trading during the early session. Among them, prices of 60 companies advanced, prices of 265 companies declined, and prices of 60 companies remained unchanged.
The benchmark DSEX index dropped 29.64 points, settling at 5,167.18 points. The DSES Shariah index fell by 6.89 points to 1,157.07 points, while the DS30 blue-chip index slid by 8.55 points to 1,903.36 points during the same period.
140 minutes ago
Stocks ended last week slightly up
Bangladesh's capital market orchestrated an upward movement last week, with the main index of the Dhaka Stock Exchange gaining 11.78 points to reach 5197.
The percentage change for the broad index was 0.23 percent. Market participation was 18.53 percent. The average daily turnover for the week was Tk 444.3 crore.
The capital market is making notable strides on various economic fronts, demonstrating resilience and adaptability in the face of challenges.
Fresh designs, new era: Bangladesh Bank to launch new notes
This progress is timely, as an IMF mission is visiting to validate compliance and discuss the next steps.
A new inflation calculation methodology, focusing on 20 key products, aims to provide a more accurate picture, excluding volatile items like fuel and vegetables.
Furthermore, efforts to enhance the business environment through regulatory reforms and incentives are attracting more foreign direct investment, supporting economic growth.
DSE benchmark index up 5.36 points; Tk 113.8 crore traded in 1:30 hrs
Bangladesh continues to implement structural adjustments and strategic policies, well-positioned to overcome challenges and sustain its growth trajectory in the coming years.
13 hours ago
Fresh designs, new era: Bangladesh Bank to launch new notes
The much-hyped launch of new Bangladeshi currency notes is on the horizon, with denominations of Tk 20, Tk 100, Tk 500, and Tk 1,000 expected to grace the market within the next six months.
Bangladesh Bank made the disclosure, sparking widespread curiosity about the design elements of the forthcoming notes.
The introduction of new notes is certain. But, it is too early to confirm the exact design specifications, said Husne Ara Shikha, spokesperson and executive director of the central bank.
With Mujib or No Mujib?
Sources close to the central bank hinted at a potential shift in design philosophy, suggesting that the iconic portrait of Sheikh Mujibur Rahman might no longer feature on the new notes.
Speculations abound that the new currency could instead highlight Bangladesh’s national emblem or the graffiti from the July Revolution, reflecting a distinct cultural and historical ethos.
They said the government has approved the printing of new currency notes, and they are expected to be introduced within six months after completing the necessary processes.
Design Overhaul
Additional insights from the Security Printing Corporation and the Ministry of Finance suggest that the proposed changes are poised to reshape the visual identity of Bangladesh’s banknotes.
If implemented, the designs would shift from portraying Sheikh Mujibur Rahman to showcasing religious sites, traditional Bengali motifs, and, intriguingly, the evocative imagery of the July Revolution’s graffiti.
Read: BB raises limit for private travel foreign currency exchange
1 day ago
Annual BIDS conference on Development set to start on Saturday
Bangladesh Institute of Development Studies (BIDS) is set to host its four-day flagship event, the Annual BIDS Conference on Development from Saturday.
The theme of the conference is "Equality, Opportunity, Freedom, and Dignity: Restructuring Institutions for Equitable and Sustainable Development."
The conference will take place at Lakeshore Hotel in the capital.
The aim of the conference is to provide a platform for the dissemination of research conducted by national and international scholars and engage wider communities on contemporary development issues and debates.
The conference will feature a total of 30 papers, 2 keynote addresses, and 12 public lectures from Bangladesh and abroad, encompassing various themes such as economic and social reforms agenda, poverty, equality, agriculture, food security, living conditions, inflation, urbanization, education, health, energy, environment, public debt, child marriage, credit, food system transformation, and so on.
Wahiduddin Mahmud, Adviser to the Ministry of Planning and Ministry of Education, will grace the event as the Chief Guest in the inaugural session of the conference.
The inaugural address, “The Middle-Income Trap” will be presented by Indermit Gill, Chief Economist of the World Bank Group and Senior Vice President for Development Economics, along with Somik V. Lall, Director, World Development Report (WDR) 2024.
BIDS Director General will deliver the opening remarks, “Introducing the Theme of Interconnectedness: Equality, Opportunity, Freedom, and Dignity.”
The public lectures will cover issues like ‘Agenda for Economic and Social Reform’ by Rehman Sobhan, Chairman, Centre for Policy Dialogue; ‘Corporate Agriculture’ by M. A. Sattar Mandal, Professorial Fellow at BIDS; ‘Structural Transformation and its Effect on Growth and Poverty’ by Jessica Leight, Senior Research Fellow at IFPRI; ‘Building Resilience among the Poor: Lessons from the Field’ by Yasuyuki Sawada, Former Chief Economist at Asian Development Bank and Professor at the University of Tokyo, and others.
Keynote addresses titled ‘Equality and Opportunity’ by Ravi Kanbur, T.H. Lee Professor of World Affairs, International Professor of Applied Economics and Management, Professor of Economics, Cornell University and ‘Can Bangladesh Renew its Elite Bargain for Development?’ by Stefan Dercon, Professor, Blavatnik School of Government and the Economics Department, University of Oxford, will be held on day 1 and day 3 of the conference, respectively.
There will be academic sessions on BIDS works on technology, supply chain and employment in firms, education and health, macro energy and environment, credit agricultural productivity and land use.
2 days ago
Stock market ends week in a slump amid selling pressure
The Dhaka Stock Exchange (DSE) closed Thursday's trading session on a downtrend, driven by heavy selling pressure and heightened market volatility.
The DSE's broad index, DSEX, dropped by 41.54 points, settling at 5,196.82 points, down from the previous session's 5,238.37 points. The Shariah-based DSES index also declined, losing 8.29 points to close at 1,163.96 points, while the DS30 blue-chip index fell by 15.96 points, ending at 1,911.92 points.
DSE benchmark index up 5.36 points; Tk 113.8 crore traded in 1:30 hrs
Analysts attributed the cautious investor behavior, as many opted to cash in on recent gains. Additionally, regulatory fines imposed for stock manipulation exacerbated market anxiety, further dampening investor confidence.
Turnover at the DSE also fell significantly, decreasing by 29.7% to Tk 335.1 crore, compared to the previous session’s Tk 476.5 crore. The volume of shares and units traded dropped to 14.11 crore through 121,527 transactions, down from Wednesday’s 21.83 crore shares and 152,114 transactions.
Out of the 388 issues traded, 42 advanced, 308 declined, and 38 remained unchanged.
The port city bourse, Chittagong Stock Exchange (CSE), also ended the day on a downward trajectory. The All Share Price Index (CASPI) dropped by 64.01 points, settling at 14,581.10 points.
DSE index climbs for third straight day, gains 12.32 points
On the CSE, 195 companies participated in trading, with 39 gaining, 125 declining, and 29 remaining unchanged. The total number of shares and units traded stood at 19.54 lakh through 1,463 transactions, with a trading value of Tk 3.84 crore, down from the previous day’s Tk 4.97 crore.
2 days ago
Job Circular in Prime Minister's Educational Assistance Trust: 10th Grade Jobs
Prime Minister's Education Assistance Trust has released a recruitment notification for a post under revenue sector. One person in 10th grade will be appointed temporarily in this institution. Interested candidates should apply online.
Post Name: Accounts Officer
No. of Posts: 1
Qualification: Master's Degree or equivalent in Business Administration or Commerce from a recognized University or Second Class (Honours) Degree. Class III will not be accepted in any examination. Must have computer training.
Age: Maximum 32 years as on 29 December 2024.
Pay Scale: TK.16,000-38,640 (Grade-10)
How to apply
Interested candidates should apply by filling the form on this website. Detailed information regarding recruitment can be known in this link ( https://pmeat.gov.bd/sites/default/files/files/pmeat.portal.gov.bd/notices/af3fbfe3_69ed_4aaf_ae70_5c63a1c58d47/2024-12-03-10-14-a11827eb298fdf7e92370b9b3cfbfa98.pdf) . If there is any problem in applying online, call 121 from any Teletalk mobile number or email at [email protected] and [email protected].
The subject of the mail must mention the organization and position name and user ID and contact number.
Application fee
A total of Tk 558 including Tk 500 for examination fee and Tk 58 for Teletalk service charge should be submitted via SMS from the Teletalk prepaid mobile number within 72 hours of filling the form online.
Application Deadline: 9 to 29 December 2024, up to 5 PM.
2 days ago
DSE benchmark index up 5.36 points; Tk 113.8 crore traded in 1:30 hrs
The Dhaka Stock Exchange (DSE), the country's main capital market, saw an upward trend in the first 1:30 hour on Thursday.
Though the market showed an upward trend, the trading pace was slow in the morning in the DSE.
Shares and units of 5.08 crore were exchanged through 40001 transactions. In this time, shares and mutual funds worth Tk 113.8 crore were traded.
DSE index climbs for third straight day, gains 12.32 points
A total of 368 companies participated in trading. Among these, prices of 151 companies increased, 131 companies decreased and 86 companies remained unchanged at the DSE.
The main index DSEX increased by 5.36 points to 5243.73 points, the DSES Shariah index was up by 1.64 points to 1173.89 points, and the DS30 special blue chip rose by 0.52 points to 1924.40 points during the first 1:30 hour on Thursday.
2 days ago
DSE index climbs for third straight day, gains 12.32 points
The Dhaka Stock Exchange (DSE) closed Wednesday’s trading session on a positive note, with the benchmark index advancing for the third consecutive day.
The DSEX, the broad index of the DSE, rose by 12.32 points to reach a two-week high of 5,238.37 points, up from 5,226.04 points in the previous session.
The DS30, which tracks blue-chip stocks, also registered gains, rising by 6.71 points to close at 1,927.88. However, the Shariah-compliant DSES index dipped slightly, losing 2.29 points to settle at 1,172.24.
Market sentiment remained broadly positive throughout the session, with price appreciation in most stocks driving the indices upward.
Despite the upbeat performance in indices, market turnover dropped by 7% to Tk 476.51 crore compared to Tk 500.1 crore in the previous session. Total trading volume also decreased, with 21.83 crore shares and units exchanged through 1,52,114 transactions, down from Tuesday’s 22.24 crore shares and 1,60,981 transactions.
Of the 394 issues traded on the DSE, 139 advanced, 206 declined, and 49 remained unchanged.
The Chittagong Stock Exchange (CSE) also closed in positive territory. The CASPI, the CSE’s All-Share Price Index, climbed by 42.92 points to settle at 14,645.12.
At the CSE, 237 companies were traded, with 104 gaining, 111 declining, and 22 remaining unchanged. A total of 25.81 lakh shares and units were traded through 2,095 transactions, with a turnover value of Tk 4.97 crore, down from Tk 6.35 crore on Tuesday.
3 days ago
Bangladesh saw export growth by 15.63% in Nov
Bangladesh exported goods worth US $4.12 billion in November of the current fiscal year 2024-25, marking a growth of 15.63 percent year-on-year.
The Export Promotion Bureau (EPB) released the information at a press conference held at the EPB conference hall on Wednesday.
According to the EPB’s provisional data, Bangladesh's exports amounted to $19.9 billion over the five months from July to November in FY 2024-25, reflecting a growth of 11.76 percent compared to the same period of the previous fiscal year 2023-24.
Bangladesh’s export earnings rebound from slump
Among the export earnings, the agricultural sector saw a positive growth of 15.82 percent, while the manufacturing sector grew by 15.6 percent.
Home textile exports surged by 20.74 percent, and exports of animal origin products (guts, bladders and stomachs) witnessed the highest growth, rising by 125.93 percent.
But, leather and leather products exports experienced a slight decline of 0.35 percent among the major export categories.
BB announces 10% incentive for exporting agro-processed products
Speaking at the press conference, EPB Executive Chairman Anwar Hossain highlighted the resilience of the export sector.
"Despite several challenges, the export sector achieved a growth of 15.63 percent in November and 11.62 percent in the July-November period. This indicates that the export sector has rebounded sharply," he said.
3 days ago
Job Circular in Biman Bangladesh Airlines, Post 525
Biman Bangladesh Airlines Limited has released revised notification for recruitment of manpower. This organization will employ 525 people in 3 category posts. Interested candidates should apply online.
1. Post Name: Ground Service Assistant
No. of Posts: 380
Eligibility: Bachelor's degree with 2.8 on CGPA-4 scale
3.0 on GPA-5 scale in each of SSC and HSC examination or 2.8 on GPA-4 scale for Diploma degree holders. A minimum of 'D' average in any five subjects at 'O' level and minimum 'D' average in any two subjects at 'A' level. Must have computer knowledge. Must be proficient in Microsoft Word. Must be proficient in speaking English. Uttara High School and College Center who were scheduled for examination under recruitment circular dated 17th April 2023 need not apply afresh. They can participate in the exam in the previous application.
Age: Below 32 years as on 12 April 2024
Type of Job: Initially three years contractual. Will be permanently assimilated from the date of joining after satisfactory completion of three years contractual service.
Read: Job Circular: Land Ministry to recruit 278 deputy assistant settlement officers
Pay Scale: 12,500-30,230 Tk.
2. Post Name: Commercial Assistant
No. of Posts: 100
Eligibility: Bachelor's degree with 2.8 on CGPA-4 scale. 3.0 on GPA-5 scale each in SSC and HSC examination or 2.8 on GPA-4 scale for Diploma holders
A minimum of 'D' average in any five subjects at 'O' level and minimum 'D' average in any two subjects at 'A' level. Must have computer knowledge. Must be proficient in Microsoft Word. Must be proficient in speaking English.
Age: Below 32 years as on 12 April 2024
Type of Job: Initially three years contractual. Will be permanently assimilated from the date of joining after satisfactory completion of three years contractual service.
Pay Scale: 12,500-30,230 Tk.
3. Post Name: Accounts Assistant
No. of Posts: 45
Eligibility: Bachelor's Degree in Commerce Faculty with 2.8 on CGPA-4 scale. 3.0 on GPA-5 scale in each of SSC and HSC examination or 2.8 on GPA-4 scale for Diploma degree holders.
A minimum of 'D' average in any five subjects at 'O' level and minimum 'D' average in any two subjects at 'A' level. Must have computer knowledge.
Age: Below 32 years as on 12 April 2024
Type of Job: Initially three years contractual. Permanent assimilation will be made from the date of joining after satisfactory completion of three years contractual service.
Pay Scale: 12,500-30,230 Tk.
How to apply
Interested candidates should apply by filling the form on this website. Detailed information regarding recruitment can be known in this link https://biman.gov.bd/sites/default/files/files/biman-airlines.portal.gov.bd/notices/bff705be_23c5_440a_95ee_9a8bd0c57240/2024-12-03-04-01-a4b882b024edb054e2fa1e79f0e865c0.pdf . If there is any problem in applying online, call 121 from teletalk number or email at [email protected].
Application fee
335 Tk for each post towards examination fee through SMS from Teletalk prepaid mobile number within 72 hours of online form filling.
Application Deadline: 4 to 18 December 2024, up to 5 PM.
3 days ago