Valor of Bangladesh

The DSEX, the broad index of the Dhaka Stock Exchange, rose by 5.69 points (0.10%) to 5,564.63, marking its fifth day of gains. The Shariah-based DSES ticked up by 0.02% to 1,215.14, while the blue-chip DS30 fell by 0.23% to 1,959.90.

Turnover dropped by 2.22% to Tk 888 crore, with 164 issues advancing, 197 declining, and 33 remaining unchanged. The pharmaceuticals sector led with 15.68% of turnover.

Key gainers included Sea Pearl Beach Resort & Spa, Khan Brothers, Golden Son, and Global Heavy Chemicals. Top losers were Unilever Consumer Care, Bangladesh Lamps, and Tamijuddin Textile Mills.

The Chittagong Stock Exchange's Caspi index also saw a rise, going up 81.63 points (0.52%) to 15,794.66.

Sandeep Ghosh, group country manager for India and South Asia at Visa, will arrive in Bangladesh tomorrow for a two-day visit. Ghosh will meet with policy elites, government stakeholders, and key partners to explore opportunities for Visa in Bangladesh's digital payments landscape and support the Smart Bangladesh vision. His efforts have been crucial in fostering a trusted payments ecosystem and driving financial inclusion. This visit underscores Visa's commitment to aiding Bangladesh's digital transformation and financial inclusion agenda.

Despite challenges like dollar shortages and power supply issues, Ananta Group is set to invest $70 million in a synthetic knit fabric manufacturing facility in Narsingdi. Named Ananta Knitwear Limited, the new unit will support the company's export market for activewear and sportswear. The group aims for a $700 million export turnover over the next five years. The project is partially funded by a $40 million long-term loan from the Asian Development Bank (ADB), with the rest financed internally. Sharif Zahir, managing director, confirmed the investment plans to The Business Standard.

Bangladesh Bank has stopped its daily repo facility for banks, complying with an IMF loan condition. Repo auctions will now be held twice a week, on Mondays and Wednesdays, according to a circular issued yesterday. Other liquidity support options will remain available daily.

Islami Bank Becomes Largest Lender in Bangladesh.

Islami Bank Bangladesh PLC has overtaken Sonali Bank PLC to become the largest lender by total deposits. In 2023, the Shariah-compliant bank attracted Tk 153,456 crore in deposits, up 9% year-on-year. Sonali Bank, the largest state-run lender, mobilized Tk 150,606 crore, a 6% increase. This makes Islami Bank the largest bank in Bangladesh in terms of both deposits and loans.

Here's wishing you and your family peace,harmony, happiness, good health and prosperity on the auspicious occasion of Eid.

Huge Congratulations to Sharif Zahir on his appointment as Chairman of National Finance Limited.

Your dedication and expertise in the finance sector are truly inspiring. Wishing you continued success and leadership in this new role.

Valor of Bangladesh is pleased to announce the successful conclusion of the "Next Level Leader 2024" event in collaboration with ACCA. This enriching ''Financial Leadership MasterClass" featured top industry leaders from across the country and special guests.
We sincerely appreciate the contributions of all the esteemed faculty members for their unwavering support.

Call to register: 01792162645

Join us for an empowering experience at the Next Level Leader Summit on May 18th and 19th at Lakeshore Hotel!

Meet our inspiring lineup of faculties and unlock your leadership potential.

Reserve your spot now! Call 01950737601 for registration.

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We are thrilled to announce our upcoming event, "Next Level Leader: The Financial Leadership MasterClass 2024," presented in collaboration with ACCA.

We eagerly anticipate your participation in this insightful event. For further queries, contact 01950737601

Wishing everyone a blessed Eid filled with joy, peace, and prosperity. Eid Mubarak to you and your loved ones! 🌙✨

বাংলা ভাষা আন্দোলনে সকল শহীদের প্রতি রইলো গভীর শ্রদ্ধাঞ্জলি।

Get ready to elevate your financial expertise to new heights! 🌟

The Financial Leadership Masterclass 2024 is almost here. Stay tuned for a transformative experience that will forge the next generation of financial leaders.

Congratulations to Zara Mahbub, our valued ambassador, on her appointment as Member of Parliament for Chapainawabganj.

Your journey inspires us all!

https://drive.google.com/file/d/1hm8bfeeHnePVKpcwpq56fP9rqzN2k0vb/view?usp=sharing

📰 Dive into the stories of strength and progress! ✨ Our Yearly Newsletter for 2024 is out now. Explore the inspiring journey of Valor of Bangladesh.

Happy Birthday to our visionary leader! Your dynamic spirit and dedication to the well-being of others inspire us. May this year bring more opportunities to empower the team and achieve even greater success. Cheers to breaking boundaries and blazing new trails!"

Selim R. F. Hussain, the Managing Director & CEO of BRAC Bank PLC, has been elected as the Chairman of The Association of Bankers Bangladesh Limited (ABB).
The newly elected Board of Governors, consisting of 16 members, will officially assume their roles on January 1, 2024. According to a press statement, under Hussain's leadership, the ABB board is committed to advancing the organization's mission and goals. Their focus is on promoting collaboration within the banking sector and contributing to the overall economic growth of Bangladesh

Congratulations to Ashraf Ahmed on being elected as the President of Dhaka Chamber of Commerce and Industry (DCCI) for the year 2024!
Mr. Ashraf Ahmed, a graduate of the Institute of Business Administration (IBA), University of Dhaka, and CEO of Riverstone Capital Limited, brings his extensive experience in the financial services industry to the role. With a background in multinational banks and expertise in project finance, capital markets, and mergers and acquisitions, Ashraf Ahmed is well-equipped to lead DCCI.

Congratulations to the Bangladesh Under-19 Cricket Team, the champions of the ACC Men's U19 Asia Cup 2023!

Wishing You a Glorious Victory Day!
As we raise our national flag high, let the victory echoes resonate across the land. Happy Victory Day to the people of Bangladesh – a nation that triumphed against all odds and continues to march forward with resilience, pride, and the spirit of liberation!