Portfolio October to December 2011

1 ISSUE OCT-DEC, 2011

PORTFOLIO


PORTFOLIO


PORTFOLIO

CSE Registered OffceCSE Building1080 Sk. Mujib Road, AgrabadChittagong, BangladeshTel : 88 031 - 714632-3,720871-3, 726976-7Fax : 88 031-714101e-mail : [email protected] : www.cse.com.bdwww.csebd.comwww.bangladeshstockmarket.com

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The quarterly publication PORTFOLIO isPublished by Market Development DepartmentChittagong Stock Exchange Ltd.

CSE Portfolio Invites Article:Articles on subjects of interest to professionalsin the securities market are welcome.

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DisclaimerViews expressed by authors in the publishedarticles are their own. Every reasonable carehas been taken to ensure the accuracy of allthe matters printed. The Chittagong stock Exchange Ltd. (CSE) does not accept responsibility for any consequence of their use.

FOURTH QUARTER

OCTOBER - DECEMBER 2011


PORTFOLIO

Board of Directors

Former Presidents TeniorAmir Khosru Mahmud Chowdhury 01.04.1995 to 24.12.2001

Mirza Salman Ispahani 25.12.2001 to 18.11.2003

Habibullah Khan 19.11.2003 to 14.12.2005

MKM Mohiuddin 15.12.2005 to 15.11.2007

Nasiruddin Ahmed Chowdhury 16.11.2007 to 08.11.2009

Fakhor Uddin Ali Ahmed 08.11.2009 to 01.12.2011

PresidentAl-Maruf Khan, FCA

Vice-Presidents Mirza Salman Ispahani

M.K.M. Mohiuddin

Tareq Kamal

Elected DirectorsAbu Sayed Md. Shahidullah

ASM Nayeem, FCCA, FCA

Bijan Chakroborty

Fakhor Uddin Ali Ahmed

Md. Mofizuddin

Mohammed Mohiuddin, FCMA

Nasiruddin Ahmed Chowdhury

Shahjada Mahmud Chaudhuri

Nominated DirectorsAbdus Salam

Abul K. A. Mubin

A.K. Azad

C.M. Shafi Sami

Kutubuddin Ahmed

Salim Uddin, FCA, FCMA

Moinul Islam Mahmud

Parveen Mahmud, FCA

Architect Taslim Uddin Chowdhury

Dr. Yussuf Abdullah Harun, FCA

Dr. Zaidi Sattar

Mr. Syed Sajid HusainCEO & Ex-Officio Director

Mr. Syed Sajid Husain, MBA (IBA), EEE(BUET) Chief Executive Officer

Mr. Ahmad Dawood, FCA, FCMAHead of Finance & Company Secretary

Mr. AKM Shahroze Alam, MBA (RRU), M. Com.Assistant General Manager, Market Development

Mr. Kamal Uddin Jalal, MBA (USTC), M. Com.Assistant General Manager, Research & Development

Mr. Khaled Hamidi, M. Com.Manager, Market Development

Editorial Board

CONTENTS

Summary Statistics 75Month-wise Yearly Statistics 76CSE Market Performance 77 Turnover Value : 2011 77Sectoral Index 78Sector-wise Market Indicator 79Most Active Securities 79Category-wise Turnover Value -pie chart 80

Contracts & Turnover Volume 80Sectoral Performance 81Top 10 CSE Members 82Top 10 Securities by Mkt. Capitalization 82 New Listing 82IPOs in the Market 83Rights Shares 83

Round up 2011 :

Market Performance : OCT-Dec 2011 23Billboard as on Dec 2011 23CSE Performance –graph 24Most Active : Oct-Dec 2011 25Most Gainers : Oct-Dec 2011 26Sector-wise Performance 26Basic Statistics on Listed Securities 28NAV of Mutual Funds 42Most Active CSE Members : Oct-Dec 2011 44Sectoral Index 44Sector-wise Market Indicator 45New Listing : Oct-Dec 2011 45IPOs in the Market : Oct-Dec 2011 46Half Yearly Performance (Un-Audited)of Listed Companies 48CSE Over The Counter (OTC) Market 54Shareholding Composition of Listed Securities 56

PORTFOLIOOctober-December 2011

Special Annual Edition 2011

• CSE Market Statistics :October-December 2011 :

• Major CSE Events-2011 62

• Regulatory Updates-2011 72

• CSE Market Statistics-2011 :

• Editorial 04

• CSE Milestones 05

• Economic Outlook 06

• International Market Review 07

• Article :

1. Dr. Zaidi Sattar 08 2. Prof. Dr. Saleh Jahur 10

• Corporate News 16

• Economic News 18

• News on International Markets 21


PORTFOLIO

CONTENTS

Summary Statistics 75Month-wise Yearly Statistics 76CSE Market Performance 77 Turnover Value : 2011 77Sectoral Index 78Sector-wise Market Indicator 79Most Active Securities 79Category-wise Turnover Value -pie chart 80

Contracts & Turnover Volume 80Sectoral Performance 81Top 10 CSE Members 82Top 10 Securities by Mkt. Capitalization 82 New Listing 82IPOs in the Market 83Rights Shares 83

Round up 2011 :

Market Performance : OCT-Dec 2011 23Billboard as on Dec 2011 23CSE Performance –graph 24Most Active : Oct-Dec 2011 25Most Gainers : Oct-Dec 2011 26Sector-wise Performance 26Basic Statistics on Listed Securities 28NAV of Mutual Funds 42Most Active CSE Members : Oct-Dec 2011 44Sectoral Index 44Sector-wise Market Indicator 45New Listing : Oct-Dec 2011 45IPOs in the Market : Oct-Dec 2011 46Half Yearly Performance (Un-Audited)of Listed Companies 48CSE Over The Counter (OTC) Market 54Shareholding Composition of Listed Securities 56

PORTFOLIOOctober-December 2011

Special Annual Edition 2011

• CSE Market Statistics :October-December 2011 :

• Major CSE Events-2011 62

• Regulatory Updates-2011 72

• CSE Market Statistics-2011 :

• Editorial 04

• CSE Milestones 05

• Economic Outlook 06

• International Market Review 07

• Article :

1. Dr. Zaidi Sattar 08 2. Prof. Dr. Saleh Jahur 10

• Corporate News 16

• Economic News 18

• News on International Markets 21


PORTFOLIO

Editorial

Towards Stable and Sustainable Capital Market

Bangladesh Capital Market faced a huge challenge in 2011. The market experienced drastic fall leading to reaction from different corners. The significant fall in Index and other market parameters which started in late 2010 did not show any sustainable sign of recovery till end 2011.

Towards modernizing the market, CSE achieved unparallel success in 2011. The next Generation Trading System (NGTS) was commissioned on October 20, 2011 which facilitates mobile and internet trading of securities alongside regular trading. It has bundle of modern features to facilitate trading of derivatives and futures in addition to equities and bonds. The NGTS has equipped the exchange with modern surveillance features. CSE also brought dynamism in financial settlement by introducing Electronic Fund Transfer (EFT), first of its kind in Bangladesh. To enhance the credibility of financial reporting by the listed companies, CSE established Corporate Finance department and equipped it with required resources.

Despite having lots of remarkable achievements few of which mentioned above, there has been drastic fall in the market throughout the year. As capital market is strongly connected to money market, conservative money market policy including

acute liquidity crisis also affected our capital market. As against Tk.140 crore (approx.) daily average turnover in 2010, only Tk.79 crore (approx.) was achieved in 2011. The number of new listings also reduced from 23 in 2010 to 14 in 2011. CSE lost Market Capitalization of a thousand billion Taka on point to point basis. (CSE market capital as on 31st December 2011 was 1994 billion and on 31st December 2010 was Tk.2998 billion).

In recent days a number of regulatory reforms have been made, which are expected to benefit the market in the long run. Securities and Exchange Ordinance, 1969, Securities and Exchange Commission (Public Issue) Rules, 2006 (Book Building Method) are few of them. CSE is also working closely with the SEC and other stakeholders to bring about qualitative changes in the market with training and development of market intermediaries with the help of development partners. CSE is also concentrating in research and development for product diversification and overall improvement of governance structure of the market. These initiatives are expected to make our capital market more matured and developed leading to a stable and sustainable capital market, ensuring good governance and elevating confidence level of stakeholders.


PORTFOLIO

CSE Milestones

12th Feb 1995 Received approval of Bangladesh Government

1st April, 1995 Incorporated as a limited company

10th October 1995 Introduced Floor Trading

1st January 1996 Became corresponding member of World Federation of Exchanges (Former FIBV)

2nd June 1998 Introduced Automated Trading on WAN

16th January 2000 Convened South Asian Federation of Exchange (SAFE)

26th January, 2004 Central Depository Bangladesh Ltd. (CDBL) formed

30th May, 2004 Internet Trading Service launched (ITS)

4th July, 2004 Introduced Over-the-Counter (OTC) market

14th July, 2004 CSE initiates the idea of Securities Institute by raising formal proposal

14th Dec, 2005 Organises Capital Market Fair- First of its kind in the country

10th March, 2007 Introduced Comprehensive Training Program on Stock Market for investors, professionals and others. First of its kind in the country

12th June, 2007 Submission to SEC of draft Regulatory Framework on Financial Derivatives

18 October, 2008 CSE became a member of OIC Member States’ Stock Exchange Forum

28 Nov, 2010 CSE signed a contract with Millennium IT Software Ltd. and Polaris Software Lab Ltd for Next Generation Trading System (NGTS)

13 Jan, 2011 Execution of trade of Short Sell under the Regulations

11 Sep, 2011 Signing of agreement for launching electronic fund transfer through Bangladesh Electronic Fund Transfer Network (BEFTN)

20 October,2011 Introduced Next Generation Trading System (NGTS) and the new website


PORTFOLIO

Sl No Item Unit 2007-08 2008-09 2009-10 2010-11 2011-12 1 GDP at Current Market Price Tk. Crore 545,822 614,943 694,324 787495 (P.) 787495 (P.)

2 GDP growth rate at (1995/96) Constant price Per cent 6.21 5.74 6.07 6.66

3 Price Indices of Agricultural Product 1969-70=100

4 General Index of Industrial Production 1988-89=100 384.82 413.00 442.12 497.26 (jul to feb)

5 Annual Per Capita GDP US$ 559.00 620.00 687.00 755.00 (P.)

6 Annual Per Capita GNI US$ 608.00 676.00 751.00 818.00 (P.)

7 GNI at Current Price Tk. Crore 594,212 670,696 758,928 852,822 (P.)

8 Tax to GDP Per Cent 8.80 8.54 8.95 8.56 (P.)

9 Investment Rate (% of GDP) Per Cent 24.21 24.37 24.41 24.73 (P.)

(a) Public Sector Per Cent 4.90 4.70 5.00 5.30 (P.)

(b) Private Sector Per Cent 19.30 19.70 19.40 19.50 (P.)

10 Domestic Savings Rate (% of GDP) Per Cent 20.31 20.08 20.10 19.59 (P.)

11 National Savings Rate (% of GDP) Per Cent 30.21 29.57 30.02 28.40 (P.)

12 Industrial/Mfg. Growth Rate (% of GDP) Per Cent 7.21 6.68 6.50 9.51 (P.)

(a) Large & Medium Scale Industry Per Cent 7.26 6.58 5.98 10.41 (P.)

(b) Small Scale Industry Per Cent 7.10 6.90 7.77 7.34 (P.)

13 Agricultural Growth Rate (% of GDP) Per Cent 2.93 4.10 5.56 4.82 (P.)

14 Inflation, GDP deflator (annual) Per Cent 8.79 6.41 5.67 (Est.)

15 Services (% of GDP) Per Cent 49.50 49.70 49.78 49.72

16 Exports of goods and services (% of GDP) Per Cent 17.80 17.40 16.20 14.50

17 Imports of goods and services (% of GDP) Per Cent 24.50 22.70 21.30 19.50

18 Total Domestic outstanding debt (% of GDP) Per Cent 17.22 17.72 16.92 16.72 (P.)

19 Total Financing (% of GDP) Per Cent 4.13 3.57 2.62 2.59 (P.)

20 FDI Inflow US$ Million 650 941 636 768 324 (July-oct)

21 Portfolio Investment US$ Million 48 (159) (117) (28) 31 (July-oct)

22 Domestic Credit Per Cent 248,767.80 288,507.20 340,176.00 433,419.20 472,494.60 (Now)

23 Revenue Collection Per Cent 47,435.66 52,527.25 62,157.18 82,320.68 31,605.44 (July-Nov)

24 Monetary Aggregates

(a) Narrow Money (M1) Tk. Crore 59,849.90 66,426.90 87,988.30 103,101.10 1,08,017.80 (as of oct)

(b) Broad Money(M2) Tk. Crore 248,794.90 296,499.80 3,63,031.20 440,519.90 4,64823.90 (as of Nov)

(c) Currency in circulation Tk. Crore 35,648.50 39,448.70 50,465.40 60,526.90 64,302.70 (Nov)

25 Reserve Money Tk. Crore 52,789.60 63,390.00 80,510.30 97,493.50 99,158.30 (Nov)

26 Growth of Money Supply Per Cent 17.63 19.17 22.44 21.34 5.52

27 Monetary Base to Money Supply ratio Per Cent 21.22 23.40 22.18 22.13 21.33

28 Reserve Money Multiplier Times 4.71 4.27 4.51 4.52 4.69

29 Bank Rate Per Cent 5.00 5.00 5.00 5.00 5.00

30 Dollar conversion (month average) 1$=Tk. 68.53 69.06 69.36 74.19 81.99 (as on 29th Dec)

31 Inflation Rate (weighted Avg.) Per Cent 9.94 6.66 7.31 8.80 10.51 (as of Nov)

32 Call Money Rate (monthly average) Per Cent 9.74 1.71 6.62 10.93 12.70 (as of Nov)

33 Commercial Lending Rate (weighted Avg.) Per Cent 11.82 13.46 12.36 13.74 13.95 (as of Nov)

34 Deposit Rate (weighted Avg.) Per Cent 7.46 8.26 7.40 9.09 9.97 (as of Nov)

35 Balance of lending & deposit rate Per Cent 4.36 5.20 4.97 4.65 3.98 (as of Nov)

36 Value of Import US$ Million 21,629.00 22,507.10 23,738.40 33,657.50 11,765.50 (July-oct)

37 Value of Export US$ Million 14,110.80 15,565.19 16,204.65 22,924.38 8,118.51 (July-oct)

38 Balance of Trade US$ Million (7,518.20) (6,941.91) (7,533.75) (10,733.12) (3,646.99)

39 Foreign Exchange Reserve US$ Million 6,148.82 7,470.96 10,749.74 10,911.55 9,285.20 (Nov)

40 Remittances US$ Million 7,914.78 9,689.26 10,987.40 11,650.32 4,921.08 (July-Nov)

41 Government Borrowing

(a) Bangladesh Bank Tk. Crore 25,523.80 28,479.20 21,793.30 31,358.10 39,228.40 (as of oct)

(b) Deposit Money Bank Tk. Crore 36,681.30 47,542.30 52,252.70 66,306.10 72,939.90 (as of oct)

Source:Economic Trends, Annual Report of Bangladesh Bank & Website. Economic Review 2011, Ministry of Finance & Website.MCCI & Bureau of Statistics Website

Economic Outlook


PORTFOLIO

Americas

Country INDEX VALUE CH ANGE % CHANGEGDP

( in Bn USD)Interest Rate (%) Inflation Rate (%)

USA

DOW JONES INDUS. AVG 12,845.10 -17.1 -0.13%

14582 0.25 3.00S&P 500 INDEX 1,344.33 -0.57 -0.04%

NASDAQ COMPOSITE INDEX 2,901.99 -3.67 -0.13%

Europe

Country INDEX VALUE CHANGE % CHANGEGDP


UK FTSE 100 INDEX 5,892.20 -8.87 -0.15% 2246 0.50 4.20

Germany DAX INDEX 6,764.83 -1.84 -0.03% 3310 1.00 2.00

Sweden OMX STOCKHOLM 30 INDEX 1,074.11 -4.55 -0.42% 458 1.75 2.30

Switzerland SWISS MARKET INDEX 6,147.03 -6.28 -0.10% 524 0.00 -0.70

Asia-Pacific

Country INDEX VALUE CHANGE % CHANGEGDP


Australia S&P/ASX 200 INDEX 4,274.20 -21.78 -0.51% 925 4.25 3.10

Japan NIKKEI 225 8,897.98 -31.22 -0.35% 5498 0.00 -0.20

Hong Kong HANG SENG INDEX 20,677.10 -32.83 -0.16% 224 0.50 5.70

China CSI 300 INDEX 2,451.53 -52.79 -2.11% 5879 6.56 4.10

India BSE Sensex 17,785.20 77.86 0.44% 1729 7.50 6.49

Malaysia Malaysia KLCI 1,538.77 1.68 0.11% 238 3.00 3.00

S. Korea KOSPI 1,976.61 3.48 0.18% 1014 3.25 3.40

Singapore FTSE Straits Times 2,949.51 9.41 0.32% 223 0.01 5.50

Thailand SET 1,095.12 1.11 0.10% 319 3.25 3.38

Pakistan Karachi All Share Index 8,461.58 35.23 0.42% 175 12.00 10.10

Srilanka Colombo All Sh 5,561.43 -24.96 -0.45% 50 7.50 3.80

Indonesia Jakarta Composite Index 3,936.79 -38 -0.96% 707 6.00 3.65

Bangladesh DSE General Index 3,812.19 195.95 5.42% 100 7.25 10.63

Source: The Wall Street Journal, Trade Economics and Bloomberg

International Market Review


PORTFOLIO

The latest MPS from the coffers of Bangladesh Bank comes at the worst of times. The global recovery shows signs of petering out with premonitions of an impending crisis in the Eurozone that could engulf the entire world economy – developed, emerging, and developing economies. In its January release, IMF has further reduced its forecast of global growth. The IMF now expects the global economy to grow 3.3 percent in 2012, according to an update to its World Economic Outlook, down from a 4 percent September projection. Growth in world trade was already projected to decline by two percentage points. The twin forecasts indicate an external environment that is inimical to our export prospects – now the prime mover of jobs and income growth. After a superb performance of 41 percent growth in the last fiscal year, export growth for the last six months is down to 14.7% for July-December 2011 – still a respectable figure by any measure. However, the outlook for exports in the coming six months is subdued by adverse developments in the Eurozone and a rather anemic recovery in the US economy.

Nevertheless, the MPS looks like a bold initiative, well-crafted, and technically consistent with the goals set for the next six months. In reviewing the MPS in July 2010, I wrote about the inflation geni and the urgent need for curbing money supply (M2) growth. Indeed, for those who watch the Consumer Price Index on a regular basis should know that the days of under 5% inflation rate is long gone. Since 2004, the rate of inflation has been on a slow but certain creep, ranging from 5.8% to as much as 9% between 2004 and 2010. In 2011, it finally reached the psychologically unacceptable double digits. During all this time, the central bank has been fighting the inflation battle with only modest success, though, to be fair, it can hardly be faulted for not trying. Generally, in its six-monthly MPS, it set the right targets for restricting money supply growth to curb inflation, but actual achievements were far from target -- until the most recent six-month period, July-December 2011.

One could ask the question: did the Bangladesh Bank try hard enough in the past with all the monetary ammunition in its bag? There are obvious trade-offs between the twin objectives of fueling growth and managing inflation. To be sure, it is a tough balancing act. Looking at the past failures at achieving the targeted broad money (M2) growth (see Table 1), with private sector credit registering growth rates of 24-26% in each of the past three years, it is a logical inference that monetary policy was tilted in favor of private sector driven growth even at the cost of some inflation. Growth was good and we even had a stock market bubble thanks to the presence of easy money. The trouble is, once the inflation geni is out of the bottle, it is tough to put it back in, without imposing heavy costs on the real economy. That precisely is the situation now, with more complications added to the macroeconomic scene from certain fiscal excesses of the past year coupled with adverse developments in the capital and financial account of our balance of payments, registering net foreign aid disbursements – for the first time in recent memory -- reduced to a trickle.

Table1. Bangladesh Monetary Aggregates: Targets and Developments(Half Yearly Growth Rates)

FY10(Dec) 2011(June) 2011(Dec) 2012(Jun)

Target Actual Target Actual Target Actual Target

1. Net Foreign Asset 4.2 14.2 4.2 5.2 -1.6 -8.6 -8.9

2. Net Domestic Assets 17.6 23.4 17.6 25.0 22.1 22.9 21.9

Domestic credit 17.9 24.4 17.9 27.4 20.0 25.7 19.1

Credit to the pub. sec. 25.3 12.0 25.3 33.6 28.1 62.0 31.0

Credit to the pvt. Sec. 16.0 27.6 16.0 25.8 18.0 18.0 16.0

3. Broad money 15.2 21.7 15.2 21.3 18.5 17.4 17.0

4. Reserve money 13.0 20.7 13.0 21.1 16.0 12.5 12.2

Source: Various issued of Monetary Policy Statements

So what is our central bank up to? For the first time, the target of broad money growth set in the previous biannual MPS was achieved, largely by squeezing private sector credit, tightening reserve money growth, and some drawdown of foreign exchange reserves to accommodate negative trends in current and capital account. The main slippage can be found in the management of credit to the public sector which overshot the target by 40% -- the upshot of huge subsidies to the power sector stemming from commitments to high cost rental and small power plants which also required heavy imports of petroleum.

ArticleMonetary Policy Statement January 2012

BB Bites the BulletZaidi Sattar


PORTFOLIO

This performance in the immediate past gives a hint of what to expect in the coming six months. The new targets appear consistent with the ultimate goal of current monetary management – to tame inflation down to the single digits though no specific target is mentioned save for a reference to the 7.5% target set in the budget of fiscal year 2011/12. Setting the right monetary targets appears to be the least of BB’s problems. Proof of the pudding is in the eating and that is where we see slippages of the worst kind resulting in money growth targets being repeatedly missed for the past three years, -- until we come to the last six months when the targets appear more credible than before.

One can sense a realization on the part of BB that it is now time to get serious and bite the bullet, if so needed. Though much is made in the MPS about leaving enough space for private sector credit to stimulate inclusive growth, the fact of the matter is that the overwhelming burden of adjustment has been placed on the private sector including the banking sector through contractionary demand management. Whereas private sector credit was growing at a rate of 24-26% in the past two fiscal years, the plan is to whittle it down to 16% primarily by squeezing liquidity out of the banking system and letting interest rates climb to curb lending. This will understandably curtail import demand and reduce pressures on the exchange rate with foreign exchange reserves slated to remain at or near levels seen in December 2011. What is beyond the control of BB of course is the quantum of government borrowing, indications of better coordination with Ministry of Finance notwithstanding. With subsidies estimated at 3.4% of GDP, fiscal deficit for the current fiscal year could approach 5.5-6%, and its financing remains a major headache for the fiscal and monetary authorities combined. The outlook for external financing continues to be grim so reliance on domestic financing remains the option of necessity. If the past is any guide, BB’s control over its targeted sharp reduction of growth in government borrowing from 62% in end December 2011 to 31% by June 2012 is tenuous. To the extent that there will be an attempt to sterilize some of the resulting monetization of the fiscal deficit, it will not be surprising to see Primary Dealer banks burdened with extra loads of low return Treasury bonds. This is tantamount to pulling the rug from under the banking system that provided the wherewithal for private investment for a long time. Solving the power crisis is a national imperative, but the costs must be carefully weighed. It need not throw the entire macroeconomic balance out of kilter.

To sum up, after several years of easy money policy that allowed broad money to grow significantly ahead of the output of goods and services (nominal GDP growth) -- a policy that fueled growth with concomitant inflation -- BB has found it imperative to put the brakes on money supply growth largely by restricting credit to the private sector. This policy of demand restraint could not have come at a worst time. Europe and North America, two of our major export markets, are courting demand restraint to ease out of their debt burdens at a time when unemployment rates are peaking in several OECD countries. Fiscal austerity and demand restraint is the going prescription for distressed countries for coming out of the Eurozone crisis. Burdened by public debt at 100% of GDP the US economy is on track to curb public spending with bipartisan endorsement.

Alas Bangladesh must take the same route to salvation albeit with unpalatable consequences. Private investment is likely to be the first casualty along with some collateral damage to the banking system. Growth comes next and BB has rightly scaled down its projection of GDP growth. 6.5% is more likely than 7%, for FY2012. But it will take a few more of these MPS with tight monetary control to put the inflation gini back into the bottle. The danger is that this could sap the vitality and dynamism out of private enterprise in Bangladesh if it lasts too long.

Dr. Sattar is Chairman, Policy Research Institute & Nominated Director, Chittagong Stock Exchange

Article


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ORGANIZATION OF Futures Derivative Market:Parties, Trading Mechanism and Hedging

Dr. Mohammad Saleh Jahur

Organization of Futures Derivative Market: Parties, Trading Mechanism and Hedging

1.1 Emergence of Futures Derivative Market

In the early nineteenth century, the vast majority of American grains – wheat, corn, barley, rye and oats – were produced throughout the hinterlands of the United States by producers. Most farmers, and particularly those in the East North Central States – the region consisting today of Illinois, Indiana, Michigan, Ohio and Wisconsin – could not ship bulk grains to market profitably (Clark 1966, 4, 15). Instead, most converted grains into relatively high value flour, livestock, provisions and whiskies or malt liquors and shipped them south or, in the case of livestock, drove them east (14). The farmers did not have storage facilities nor had they transport facilities for carrying these to wholesale market. As a result they started suffering from a huge loss for many years. Before the mid-1860s, a network of banks, grain dealers, merchants, millers and commission houses – buying and selling agents located in the central commodity markets – employed an acceptance system to finance the U.S. grain trade (see Clark 1966, 119; Odle 1964, 442). For example, a miller who required grain would instruct an agent in, say, New York to establish, on the miller’s behalf, a line of credit with a merchant there. The merchant extended this line of credit in the form of sight drafts, which the merchant made payable, in sixty or ninety days, up to the amount of the line of credit. The fundamental problem with this system of finance was that commission agents were effectively asking banks to lend them money to purchase as yet unsold grain. To be sure, this inadequacy was most apparent during financial panics, when many banks refused to discount these drafts (Odle 1964, 447).

In 1848 the Illinois-Michigan Canal connected the Illinois River to Lake Michigan. The canal enabled farmers in the hinterlands along the Illinois River to ship their produce to merchants located along the river. These merchants accumulated, stored and then shipped grain to Chicago, Milwaukee and Racine. At first, shippers tagged deliverables according to producer and region, while purchasers inspected and chose these tagged bundles upon delivery. Commercial activity at the three grain ports grew throughout the 1850s. Chicago emerged as a dominant grain (primarily corn) hub later that decade (Pierce 1957, 66). Amidst this growth of Lake Michigan commerce, a confluence of innovations transformed the grain trade and its method of finance. By the 1840s, grain elevators and railroads facilitated high volume grain storage and shipment, respectively. Consequently, country merchants and their Chicago counterparts required greater financing in order to store and ship this higher volume of grain. And, high volume grain storage and shipment required that inventoried grains be fungible – of such a nature that one part or quantity could be replaced by another equal part or quantity in the satisfaction of an obligation..

Merchants could secure these larger loans more easily and at relatively lower rates if they obtained firm price and quantity commitments from their buyers. So, merchants began to engage in forward (not futures) contracts. According to Hieronymus (1977), the first such “time contract” on record was made on March 13, 1851. It specified that 3,000 bushels of corn were to be delivered to Chicago in June at a price of one cent below the March 13th cash market price (74). Meanwhile, commodity exchanges serviced the trade’s need for fungible grain. In the 1840s and 1850s these exchanges emerged as associations for dealing with local issues such as harbor infrastructure and commercial arbitration (e.g., Detroit in 1847, Buffalo, Cleveland and Chicago in 1848 and Milwaukee in 1849) (see Odle 1964). By the 1850s they established a system of staple grades, standards and inspections, all of which rendered inventory grain fungible (Baer and Saxon 1949, 10; Chandler 1977, 211). As collection points for grain, cotton, and provisions, they weighed, inspected and classified commodity shipments that passed from west to east. They also facilitated organized trading in spot and forward markets (Chandler 1977, 211; Odle 1964, 439).

In 1859 the CBT became a state- (of Illinois) chartered private association. As such, the exchange requested and received from the Illinois legislature sanction to establish rules “for the management of their business and the mode in which it shall be transacted, as they may think proper;” to arbitrate over and settle disputes with the authority as “if it were a judgment rendered in the Circuit Court;” and to inspect, weigh and certify grain and grain trades such that these certifications would be binding upon all CBT members (Lurie 1979, 27). By the 1850s traders sold and resold forward contracts prior to actual delivery (Hieronymus 1977, 75). A trader could not offset, in the futures market sense of the term, a forward contact. Nonetheless, the existence of a secondary market – market for extant, as opposed to newly issued securities – in forward contracts suggests, if nothing else, speculators were active in these early time contracts. On March 27, 1863, the Chicago Board of Trade adopted its first rules and procedures for trade in forwards on the exchange (Hieronymus 1977, 76). The rules addressed contract settlement, which was (and still is) the fundamental challenge associated with a forward contract – finding a trader who was willing to take a position in a forward contract was relatively easy to do; finding that trader at the time of contract settlement was not.

The CBT began to transform actively traded and reasonably homogeneous forward contracts into futures contracts in May, 1865. At this time, the CBT: restricted trade in time contracts to exchange members; standardized contract specifications; required traders to deposit margins; and specified formally contract settlement, including payments and deliveries, and grievance procedures (Hieronymus 1977, 76). The inception of organized futures trading is difficult to date. This is due, in part, to semantic ambiguities – e.g., was a “to arrive” contract a forward contract or a futures contract or neither? However, most grain trade historians agree that storage (grain elevators), shipment (railroad), and communication (telegraph) technologies, a system of staple grades and standards, and the impetus to speculation provided by the Crimean and U.S. Civil Wars enabled futures trading to ripen by about 1874, at which time the CBT was the U.S.’s premier organized commodities (grain and provisions) futures

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exchange. Nonetheless, futures exchanges in the mid-1870s lacked modern clearinghouses, with which most exchanges began to experiment only in the mid-1880s. For example, the CBT’s clearinghouse got its start in 1884, and a complete and mandatory clearing system was in place at the CBT by 1925 (Hoffman 1932, 199; Williams 1982, 306). The earliest formal clearing and offset procedures were established by the Minneapolis Grain Exchange in 1891 (Peck 1985, 6). Even so, rudiments of a clearing system – one that freed traders from dealing directly with one another – were in place by the 1870s (Hoffman 1920, 189). That is to say, brokers assumed the counter-position to every trade, much as clearinghouse members would do decades later. Brokers settled offsets between one another, though in the absence of a formal clearing procedure these settlements were difficult to accomplish. Finally, the transformation in Chicago grain markets from forward to futures trading occurred almost simultaneously in New York cotton markets. Forward contracts for cotton traded in New York (and Liverpool, England) by the 1850s. And, like Chicago, organized trading in cotton futures began on the New York Cotton Exchange in about 1870; rules and procedures formalized the practice in 1872. Futures trading on the New Orleans Cotton Exchange began around 1882 (Hieronymus 1977, 77).

1.2 Importance of Futures Market

The futures market is a critical part of a strong economy. It has many roles to play and it fulfills different requirements of the various market players involved. Here are some reasons why the futures market is important to the economy.

• The primary advantage of futures is that it allows individuals and businesses to protect their positions against price fluctuations. For the buyer, it offers protection from future price increases and for the seller, it offers protection from prices falls.

• By allowing the people to set a future sale price, the future contract also helps in forecasting prices.

• Futures help in setting manufacturing goals as they allow businesses to assess the future demand and price for a product. Businesses get a better control over prices by limiting production to cover only the expected demand. They also avoid the losses that can arise out of surplus production, which includes storage of the excess produce and depreciation in quality over time.

• Competitive pricing is facilitated by futures trading and this keeps a balance in prices of the future traded commodities in the market. The huge number of transactions that takes place on a daily basis in the futures market brings price stability.

• Futures trading creates a global marketplace by bringing together consumers, manufacturers and speculators from various countries. It enables buyers and sellers in different countries to insulate themselves against price fluctuations because the contract can be completed without physical delivery of the goods.

1.3 Different Types of Futures Contract

Futures contracts are financial assets just like stocks and bonds, but with some important differences. These differences are what make futures such an appealing investment for traders. Many tend to think that futures are too complicated to understand and consequently, miss many opportunities by not trading them. However, there is a simple but true formula that applies to futures trading as surely as it does to trading in stocks, bonds and real estate.

Futures Market is an organized market. That is why, there are differences between Forward Market and Futures Market with respect to setting of prices, contract & ts size, delivery schedules, Off set, settlements, payment of cash, margin, marking to market etc. Futures market is of two kinds: Commodity Futures and Financial Futures. Further, financial futues is of three kinds. They are interest rate future, currency futures, and stock index futures.

Table 1: Select Futures Contracts Traded

Agriculture Currencies Equity Indexes Interest Rates Metals & EnergyCorn British pound S&P 500 index Eurodollars CopperOats Canadian dollar Dow Jones Industrials Euroyen AluminumSoybeans Japanese yen S&P Midcap 400 Euro-denominated bond GoldSoybean meal Euro Nasdaq 100 Euroswiss PlatinumSoybean oil Swiss franc NYSE index Sterling PalladiumWheat Australian dollar Russell 2000 index British gov. bond (gilt) SilverBarley Mexican peso Nikkei 225 German gov. bond Crude oilFlaxseed Brazilian real FTSE index Italian gov. bond Heating oilCanola CAC-40 Canadian gov. bond Gas oilRye DAX-30 Treasury bonds Natural gasCattle All ordinary Treasury notes GasolineHogs Toronto 35 Treasury bills PropanePork bellies DJ Euro STOXX 50 LIBOR CRB indexCocoa EURIBOR ElectricityCoffee Municipal bond index WeatherCotton Federal funds rateMilk Bankers’ acceptanceOrange, juice, Sugar, lumber, and Rice

Source: Bodie, Kane and Marcus (2005), p. 796

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1.4 Transactions in the Futures Market

Consider the case of the farmer who estimates that it will cost $1.50 per bushel to grow corn and also that the crop will be 100,000 bushels during the summer. The farmer can enter into a contract with a buyer to sell the anticipated 100,000 bushels of corn at a price that represents a profit before the crop is even planted. So the contract stipulates that the farmer will sell 100,000 bushels to the buyer for $2.00 per bushel on September 1 which is 5 months later, regardless of the price of corn at that time in the cash market. The cash market, also known as the spot market is the price at which corn is being sold on that day for immediate delivery. If the farmer does grow 100,000 bushels and the price of the corn does turn out to be $1.50 a bushel, then the farmer will have a profit of $50,000 (100,000 bushels X $0.50)

With a futures contract, the underlying merchandise is known. For example, you can buy a futures contract on gold, lumber, pork bellies, Swiss francs, and many other items. The underlying item or commodity is described specifically in the contract specifications which are determined by the futures exchange on which it trades. The full price of the commodity must be paid only upon contract expiration at which point the trader takes delivery, if one bought futures, or makes delivery, if he sold futures, of the underlying commodity. Finally, transactions in futures can only be done on futures exchanges. These exchanges are located primarily in Chicago and New York. A futures contract is a type of derivative instrument, or financial contract where two parties agree to transact a set of financial instruments or physical commodities for future delivery at a particular price. The example stated below will simplify the concept of futures trading:

Case-I:

Mr. Shakil wants to buy a Laptop, which costs Tk. 50,000 but owing to cash shortage at the moment, he decides to buy it at a later period say 2 months from today. However, he feels that after 2 months the prices of Lap tops may increase due to increase in input/Manufacturing costs .To be on the safer side, Shakil enters into a contract with the Laptop Manufacturer stating that 2 months from now he will buy the Laptop for Tk. 50,000. In other words he is being cautious and agrees to buy the Laptop at today’s price 2 months from now. The forward contract thus entered into will be settled at maturity. The manufacturer will deliver the asset to Shakil at the end of two months and Shakil in turn will pay cash delivery. Thus a forward contract is the simplest mode of a derivative transaction. It is an agreement to buy or sell a specific quantity of an asset at a certain future time for a specified price. No cash is exchanged when the contract is entered into.

1.5 Users of Future Contracts

There are two reasons to use futures contracts: 1) To hedge a price risk, and 2) To speculate in the changing price. A hedger is someone who owns or plans to purchase an inventory of a commodity and wishes to reduce risk associated with this ownership. Hedgers make their purchases or sales solely for the purpose of establishing a known price level in advance for something they later intend to buy or sell in the cash market. They do this by taking an equal and opposite position in the futures market than they have in the cash market. As the price of the commodity fluctuates, the hedger is protected because gains in one market are offset by losses in the other market, regardless of which direction the price moves. Hedgers willingly give up the opportunity to benefit from favorable price changes in order to achieve protection against unfavorable price changes. Speculators, on the other hand, are willing to accept the risk the hedger wishes to relinquish. Speculators take positions on their expectations of future price movement often with no intention of making or taking delivery of the commodity. They buy when they anticipate rising prices and sell when they anticipate declining prices. The speculator provides a very important function in the futures market because without him, the market would not be liquid and the price protection sought by the hedger would be very costly.

1.6 Reasons For Trading Futures

Some of the features that make futures and options appealing investments include leverage, diversification, opportunity, liquidity and price availability.

• Leverage

Futures and options have a unique feature that make them a more attractive instrument from a trading perspective than stocks and bonds, and that is high leverage. Leverage is a measure of the worth or value of an investment relative to the money required to buy (or sell) the investment. For example, if a trader needs to pay the full value of an asset when he buys it, then there is no leverage. On the other hand, if the trader only needs to put up a small fraction of the value of an asset in order to buy it, then leverage is high. Futures are highly leveraged assets since only a little money, referred to as margin, is needed to control a lot of futures value. Typically, a futures contract can be bought or sold with a margin of 2% to 20% of the value of the contract. As mentioned before, with futures, the money or margin required to buy or sell a contract is not a cost but just a “goodwill” performance bond - you get this money back when you close your futures position, plus any gain or minus any loss on the futures position itself.

• Diversification

Futures contracts are also appealing because they can provide diversification to a portfolio of traditional financial assets such as stocks and bonds. Many investors are already aware of the benefits of diversification within their equity portfolios - the more company stocks you hold, the less volatile is the value of your overall portfolio since as some stocks go down, others go up. On average, the portfolio earns a return very similar to the entire market. In the same way, an investment in futures can provide diversification benefits in terms of reducing the overall risk of one’s investment portfolio and increasing total profits.

• Opportunity

Futures and options are available on a wide range of instruments including agricultural commodities like wheat and soybeans, precious metals like gold and silver, foreign currencies like the Deutschemark and Canadian dollar, interest rates like U.S. long-term bonds and Treasury bills, soft commodities like coffee and sugar, index products on equities and currencies, and energy products like crude oil and natural gas, to name a few. With all of these markets, one is bound to discover a trading opportunity or two at almost any time.

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• Liquidity

Investors require market liquidity. A market is said to be liquid if transactions can be executed quickly and easily. There are many futures markets that are liquid, sometimes even more liquid than the cash market for the underlying instruments themselves. For instance, the futures market in U.S. Treasury bonds is regarded as being much more liquid than the cash market. In some cases, the futures market is so liquid that futures prices become the industry benchmark. For example, gold, crude oil and cotton futures prices form the basis for pricing other related products in the industry. On the other hand, some futures markets are thin, meaning not very liquid. A trader should know the liquidity of the market that he is trading or wants to trade, and adjust his trading style appropriately. Volume and open interest provide a good indication of market liquidity, the higher are they, the more liquid is the market.

• Price Availability

Futures and options prices are readily available from a wide range of sources including the Internet. This makes it very easy for traders to monitor the markets, determine their entry and exit points, and manage their futures positions - all of which provide more reasons to trade futures.

1.7 Modus Operandi of Futures Market

1.7.1 Workings of Futures Market

A futures market, like any market, is a place where buyers and sellers meet in order to transact. For every buyer, there is a seller and for every seller, there is a buyer. Matching these two together so that a trade can be consummated requires the participation of a host of individuals and organizations, each having specific roles, which in the aggregate make the futures market the efficient mechanism that it is today. Throughout this section, reference is made solely to the futures market only for convenience and simplicity of presentation. The market for options on futures is structured in very much the same manner

1.7.2 Setting Futures Price

When a trader buys a futures contract, the price represents the price at which the trader is committed to buying the underlying commodity when the futures contract expires. Similarly, when the trader sells a futures contract, the price represents the price at which he is committed to selling the underlying commodity when the futures contract expires. (Not all futures contracts require physical delivery upon expiration; some are simply settled by cash.)

For example, if A buys a COMEX December gold futures at $380 per ounce, then A has the obligation to buy 100 ounces of gold at a price of $380 per ounce in December when the futures expires. (COMEX, which stands for the Commodities Exchange in New York, is the futures exchange on which gold futures trade. COMEX has set the quantity of gold underlying the contract at 100 ounces.) The price of gold futures constantly fluctuates in response to several factors such as supply and demand, interest rates, and prices of other precious metals. However, no matter what the price of gold does after A buys the futures, he will be able to buy gold at the price of $380 per ounce - he has locked in this purchase price.

Futures prices are often different than cash prices for the same commodity. One may find in some cases that futures prices are consistently above cash prices, in which case the futures are said to be trading at a forward premium, or he may find that futures prices are consistently below cash prices, in which case the futures are said to be trading at a forward discount.

Price limits

Some futures markets have daily price limits that restrict prices from moving by more than a prescribed amount from the previous day’s settlement price. These limits are determined by the futures exchange (with Commodity Futures Trading Commission approval) on the basis of variations experienced in the underlying cash markets, and are meant to serve as circuit-breakers when trading becomes especially volatile. If prices reach the upper or lower limit, trading is suspended for a period of time, referred to as the cooling off period, that may last anywhere from several minutes to the remainder of the trading day. The cooling off period helps to discourage panic buying or selling. Following this period, price limits are usually expanded and trading may resume.

Price limits are adjusted from time to time as price volatility changes. In some commodities, the nearby contract month trades without limits for a short period before its expiration. It is important to be aware of the existence of any price limits for the futures contracts that one trades as trades may be difficult or impossible to execute if prices move to the limit and stay there - a condition referred to as locked-limit. This information can be found in the contract specifications.

What influences the price of a future?

Factors Influencing Futures

The market price of the underlying asset

The money market rate

Expected dividend on the underlying asset during the life of the future

Supply/demand

The price of an index future

A theoretical price of an index future may be decided based on the reasoning that the index future serves as a substitute for a share portfolio that is based on the index constituents. Regardless of the choice of investment (futures or underlying shares) the investor will achieve a capital gain or a capital loss.

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The holder of a futures contract will, unlike the shareholder, not receive any dividend payments from the shares in the portfolio, but equally he does not have to tie up funds in the shares as the shareholder. The holder of a futures contract may thus achieve a payoff by using the excess liquidity elsewhere - in the money market, for example. If investments elsewhere produce a better return than the expected return from dividend payments from a share portfolio, the futures purchase will be the best alternative, and as a result the futures price will naturally be higher than the value of the index (this is referred to as the implicit interest rate of futures).Since the size of this difference in investment return is time sensitive, the difference between the futures price and the index value will narrow towards future’s expiry date and will be eliminated at expiry. Returns in the form of dividend payments are relatively limited, and historically they have underperformed the money market rate, which is why index futures are generally priced higher than the index value.

The price of futures on individual shares

The pricing of futures on individual shares follows the same principles as for index futures – the future is a substitute for buying the share. The buyer of a future therefore does not tie up liquidity in the share, but does not receive dividends either.The price of a future on an individual share will, like an index future, generally be higher than the price of the underlying share. However, the expected dividend on a single share may influence the price of the future at the time when dividend is actually paid, by which the price of the share is higher the price of the future.

1.7.3 The Futures Exchange

The central player of a futures market is a futures exchange. A futures exchange is a meeting place where futures contracts are bought and sold. Trading occurs against a background of regulatory surveillance and guidelines from the exchange itself and from the Commodity Futures Trading Commission (CFTC). Each exchange has its own list of products that it trades, and each product is traded in a designated futures trading pit. A trading pit is an area of floor, usually round with concentric steps leading down into the center. The trading pits are each divided into a number of sections designated for trading in particular contract months. No trading may occur outside a contract’s assigned pit, nor is trading permitted at any time other than during those hours which have been designated by the exchange. (Some exchanges also use automated trading facilities or computer networks which serve as trading pits.)

In addition to providing the market place for trading futures and regulating trading within its pits, futures exchanges also design and specify their futures contracts. Futures contracts are very specific in terms of the quality and quantity of goods underlying the contract. You may have wondered who determines these specifications. The answer is the futures exchange. Working with participants in the industry such as traders, fund managers and natural hedgers, a futures exchange designs a contract to meet the greatest need. If the exchange succeeds, it will have designed a futures product that many players can use or trade, and volume in the futures will grow. Contract specifications can sometimes be changed by the exchange, and is usually done to keep the contract viable.

1.7.4 The Futures Broker

Buying or selling a futures contract or an option on a futures contract can only be done in one place: the trading pit on the floor of a futures exchange. To stand in a trading pit, a trader needs to buy an exchange membership, pay annual dues, and register with various regulatory agencies. Naturally, few people would trade futures if it required that they stand in the trading pit. To solve this problem, it steps the futures broker. A futures broker acts as a communication link between the trading pit and the trader, taking orders from the customer, and executing them in the futures pit. By law, futures brokers do not have the authority to take customer funds and hold them in deposit. Only an FCM can do this. For this reason, a futures broker needs to team up with an FCM in order to provide order execution services to its customers.

1.7.5 The Futures Commission Merchant

The Futures Commission Merchant (FCM) is responsible for holding customer funds of the margin account, clearing the futures trade, and performing all back-office recording functions such as marking-to-market a customer’s futures account, sending trade confirmations and account summaries, and year-end tax forms.

1.7.6 The Clearing Corporation

The clearing corporation guarantees the performance of every buyer and seller of a futures or options contract. In a literal sense, it stands as a buyer to every seller and a seller to every buyer. That means that a futures trader does not have to worry about any default of futures counterparty. For example, say that trader A purchase several Swiss franc futures and the price goes up so that she has accrued a $4,500 profit. Whoever sold those futures contracts (and there is a seller for every buyer, and vice-versa) has incurred a loss of $4,500. What happens if that person cannot pay? Does A sacrifice her profit? The answer is “NO”. The clearing corporation guarantees the transaction. The clearing corporation’s elimination of such counterparty credit risk provides a great benefit to the futures and options markets. One may wonder how the clearing corporation does this. The answer lies in the margin deposit that every other futures trader must make before trading any contract. This margin is available to the clearing corporation and, together with other reserve cash and various protection funds, are used to cover any customer default. A clearing corporation is composed of clearing members, most of which are large FCM’s. It is a mark of distinction for an FCM to be a clearing member.

1.7.7 Regulation of the Futures Market

All futures industry-related operations, including exchanges, brokers and FCMs are regulated and licensed by the Commodity Futures Trading Commission (CFTC), a federal agency with jurisdiction over the United States commodities markets. The CFTC regulates in conjunction with the National Futures Association (NFA), the industry’s only national association. The primary purpose of the NFA is to ensure, through self-regulation, high standards of professional conduct and financial responsibility on the part of the individuals and organizations that are its members: Futures Commission Merchants, Introducing Brokers, Commodity Trading Advisors, Commodity Pool Operators, and Associated Persons. In connection with its regulatory responsibilities, the NFA conducts periodic audits of its members’ financial and other records, monitors sales practices and provides a mechanism for the arbitration of futures related disputes between NFA members and the investing public.

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1.7.8 Mechanics of a Futures Trade

With a futures contract, the underlying merchandise is known. For example, an investor can buy a futures contract on gold, lumber, pork bellies, swiss francs, and many other items. The underlying item or commodity is described specifically in the contract specifications which are determined by the futures exchange on which it trades. The price of a futures transaction is agreed upon initially between the buyer and seller, and remains fixed over the holding period, or length of the contract. Each participant in a futures contract is required to open a futures account for depositing margin. Margin is money deposited by both the buyer and the seller to assure the integrity of the contract. Finally, the full price of the commodity must be paid only upon contract expiration at which point the trader takes delivery, if the trader bought futures, or make delivery, if he sold futures, of the underlying commodity. Transactions in futures can only be done on futures exchanges. These exchanges are located primarily in Chicago and New York.

1.7.9 Common Types of Orders

A futures or options order originates with the customer, and is simply a set of instructions for the executing broker. A trader uses a futures order or options order to tell his broker exactly what to buy or sell, when to do it, and at what price. There are many types of orders, each being used during different occasions, but the most common are the market order, the limit order, and the stop order. The examples below use these orders for futures transactions, but the identical orders can be used for option transactions. All orders are assumed to be day orders, meaning that they automatically expire at the end of the trading day if not filled or executed, unless it is specified that the order is “open” or GTC (Good Till Cancelled). A GTC order remains a working order session after session until it is filled or cancelled by the trader who put in the order.

• The Market Order

A market order is the simplest of orders and is used when the greatest priority of the customer is for immediate execution. An order is executed or filled when the futures contracts have all been bought or sold, depending upon the instructions in the order. A market order instructs the executing broker to buy or sell futures contracts immediately at the market price, the best possible price for immediate execution. Market orders are the easiest way to enter or exit a market since the customer receives immediate execution - and must pay or receive whatever price is necessary for immediate execution. For example, a customer who wants to sell 5 March cotton futures immediately would call his broker with a market order to sell 5 March cotton at the market.

• The Limit Order

A limit order is like a market order with one exception, price takes the highest priority. For limit buy orders, the customer includes, along with the type and quantity of futures contracts to purchase, a maximum price to pay for the contracts. A customer will use a limit buy order if they desire to buy the futures contract, but want to pay no more than a specified price - the limit price. This price is always below the prevailing market price, since the customer would have otherwise entered a market order. For example, December gold is trading at $395.75 per ounce. A customer who enters a limit order to buy 5 December contracts at $392.00 is willing to buy gold futures only if they can be acquired for $392.00 per ounce. A limit order to buy is only executed if the market price declines to the limit price. Limit orders are assumed to be day orders, meaning that if prices have not declined to the specified limit by the end of the day, then the order is left unfilled and cancelled.

• The Stop Order

A stop order, like a limit order, is only executed once a specific price is reached, but the motivation for the transaction is different. Whereas the limit order is typically used to enter into a futures position at a specific price, a stop order is usually used to exit or close a futures position at a specific price. Stop orders are most often used to close a position that is losing money, and are hence regarded as a useful risk management tool. A stop order to buy has a price that is above the market price and would be used by a customer having a short futures position. If prices rise so that loss accrues on the customer’s short position, the stop loss provides a limit to the loss - as soon as prices rise to the stop price, the order is executed as a market order. For instance, with September Canadian dollar futures at $.7225, a customer who is short 10 futures might enter a stop loss order to buy 10 September Canadian dollar futures at $.7300. If prices rise to the stop price, the order is executed as a market order and the resulting long position offsets or closes out their initial short position. Similarly, a stop order to sell has a price that is below the market price and would be used by a customer having a long futures position. If prices fall so that loss accrues on the customer’s long position, the stop loss provides a limit to the loss - as soon as prices fall to the stop price, the order is executed, thereby closing out the initial long position.

1.8 Payoff for Futures

Futures contracts have linear payoffs. In simple words, it means that the losses as well as profits for the buyer and the seller of a futures contract are unlimited. These linear payoffs are fascinating as they can be combined with options and the underlying to generate various complex payoffs.

Payoff for buyer of futures: Long Futures

The payoff for a person who buys a futures contract is similar to the payoff for a person who holds an asset. He has a potentially unlimited upside as well as a potentially unlimited downside. Take the case of a speculator who buys a two-month Nifty index futures contract when the Nifty stands at 1220. The underlying asset in this case is the Nifty portfolio. When the index moves up, the long futures position starts making profits, and when the index moves down it starts making losses.

Payoff for Seller of Futures: Short Futures

The payoff for a person who sells a futures contract is similar to the payoff for a person who shorts an asset. He has a potentially unlimited upside as well as a potentially unlimited downside. Take the case of a speculator who sells a two-month Nifty index futures contract when the Nifty stands at 1220. The underlying asset in this case is the Nifty portfolio. When the index moves down, the short futures position starts making profits, and when the index moves up, it starts making losses.

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Corporate News Janata Insurance Co. Ltd.

Janata Insurance Co. Ltd.. was be degraded to “Z” category from existing “A” category with effect from 1 January 2012 as no AGM is held by the company in the year 2011. As per SEC Directive No.SEC/CMRRCD/2001-43/169 & Order No.SEC/CMRRCD/2001-50/167 dated October 01, 2009; the stock brokers/dealers & merchant bankers are requested not to provide loan facilities to their clients against trading of the shares of JANATAINS.

Padma Oil Co. Ltd.

Padma Oil Co. Ltd. was be degraded to “Z” category from existing “A” category with effect from 1 January 2012 as no AGM is held by the company in the year 2011. As per SEC Directive No.SEC/CMRRCD/2001-43/169 & Order No.SEC/CMRRCD/2001-50/167 dated October 01, 2009; the stock brokers/dealers & merchant bankers are requested not to provide loan facilities to their clients against trading of the shares of PADMAOIL.

City Bank Ltd.

The City Bank Ltd. had informed that the Board of Directors of the Bank had approved the revaluation of Lands from Book Value of Tk. 130.54 crore to Tk. 346.51 crore i.e. increased by Tk. 215.97 crore and Buildings from Book Value of Tk. 128.53 crore to Tk. 140.90 crore i.e. increased by Tk. 12.37 crore.

NCC Bank Ltd.

Mr. Md. Abul Bashar, Director of NCC Bank Ltd., had further reported that he hadreceived total 19,26,500 (11,00,250 +3,50,000+4,76,250) shares of the Bank from his mother Mrs. Fatema Khatun(11,00,250 shares), his sister Ms. Sajia Awal (3,50,000 shares) and his brother Mr. Md. Asif Mahmud (4,76,250) by way of gift outside the trading system of the Exchange as announced earlier.

Southest Bank Ltd.

Mr. Md. Akikur Rahman, Sponsor/Director of Southeast Bank Ltd., had reported his intention to buy 5,00,000 shares in addition to his holdings of 76,64,020 shares of the Bank at prevailing market price through Stock Exchange within next 30 working days.

Summit Power Ltd.

Summit Power Limited had informed that the transfer of 5,39,55,326 shares of Khulna Power Company Ltd. in favor of Summit Power Limited has been completed.

Khulna Power Company Ltd.

Securities and Exchange Commission had approved the transfer of shares (proposed) outside the stock exchange trading settlement system on condition that the transferee, namely Summit Power Limited(SPL) should obtain consent of shareholders and be obligated to observe all legal formalities as a promoter/director of Khulna Power Company Ltd.

(KPCL) and subject to complying other applicable laws. Name of the Company: Khulna Power Company Ltd.(KPCL), Transferor: Summit Industrial & Mercantile Corporation (Pvt.) Ltd., Transferees: Summit Power Limited(SPL); Relationship between Transferor and Transferees: Group Associate company, No of shares to be transferred/sold out: 5,39,55,326.The proposed transfer should be executed by 31 December 2011.

Shahjalal Islami Bank Ltd

Mr. Akkas Uddin Mollah, Director of Shahjalal Islami Bank Ltd., had reported his intention to buy 3,74,000 shares in addition to his holdings of 85,31,794 shares of the Bank at prevailing market price through Stock Exchange within next 30 working days.

Bay Leasing & Investment Ltd.

Bay Leasing & Investment Ltd. had informed that the Board of Directors of the company had approved the Fixed Asset (Land and Building) Revaluation report. The revalued amount as submitted for Land and Building of the company now stands at Tk. 76,65,15,600.00 against previous amount of Tk. 39,74,86,308.00 only, resulting in a revaluation surplus of Tk. 36,90,29,292.00. The revaluation had been conducted by Surveyors M/S IIS Consulting (BD) Ltd. and also certified by Rahman Mostafa Alam & Co. Chartered Accountants.

Samorita Hospitals Ltd.

National Credit Ratings Ltd (NCR) had informed that the Rating Committee of NCR had announced “AA-” in the long term and “ST-2” in the short term to Samorita Hospitals Ltd. based on audited financial statements of 30 June 2011.

Delta Brac Housing Finance Corporation Ltd

Credit Rating Agency of Bangladesh Limited (CRAB) had informed that the rating of Delta Brac Housing Finance Corporation Ltd. had been announced as ‘AAA’ in the long term and ‘ST-1’ in the short term on 27 December 2011 based on audited financial statements of the Co. up to 30 June 2011 and other relevant quantitative as well as qualitative information up to date of rating declaration.

Daffodil Computers Ltd.

National Credit Ratings Ltd (NCR) had informed that the Rating Committee of NCR has announced “A” in the long term and “ST-3” in the short term to Daffodil Computers Limited based on audited financial statements of 30 June 2011.

Islami Insurance Bangladesh Ltd.

Credit Rating Agency of Bangladesh Limited (CRAB) had informed that the rating of Islami Insurance Bangladesh Ltd. as ‘BBB

1’ in the long term and ‘ST-3’ in the short term on 14 December 2011 based on audited financial statements of the Co. up to 31 December 2010 and other relevant quantitative as well as qualitative information up to date of rating declaration.


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City General Insurance Co. Ltd.

Credit Rating Information and Services Ltd. (CRISL) had informed that the Rating Committee of CRISL had announced CPA Rating as ‘A-’ to City General Insurance Co. Ltd. on 11 December 2011 in consideration of financials up to Dec’10 and other relevant quantitative as well as qualitative information up to the date of rating declaration.

BRAC Bank Ltd.

Credit Rating Agency of Bangladesh Limited (CRAB) has informed that the surveillance rating of BRAC Bank Ltd. is ‘A1’ in the long term on 8 December 2011 based on relevant quantitative as well as qualitative information up to date of rating declaration.

Prime Finance & Investment Ltd.

Credit Rating Information and Services Ltd. (CRISL) had informed that the Rating Committee of CRISL had announced ‘AA’ in the long term and ‘ST-2’ in the short term to Prime Finance & Investment Ltd. on 4 December 2011 in consideration of financials up to Dec’2010 and other relevant quantitative as well as qualitative information up to the date of rating declaration.

Khulna Power Co. Ltd.

Credit Rating Information and Services Ltd. (CRISL) had informed that the Rating Committee of CRISL had announced “AA” in the long term

and “ST-1” in the short term to Khulna Power Co. Ltd.on 30 November 2011 in consideration of financials and other relevant quantitative as well as qualitative information up to the date of rating declaration.

Rupali Life Insurance Co

Credit Rating Agency of Bangladesh Limited (CRAB) had informed that the surveillance rating of Rupali Life Insurance Co. Ltd. was ‘BBB1’ in the long term on 1 December 2011 based on Audited Financial Statement up to 31 December 2010 and relevant quantitative as well as qualitative information up to date of rating declaration.

Dhaka Bank Ltd

Credit Rating Agency of Bangladesh Limited (CRAB) had informed that the surveillance rating of Dhaka Bank Ltd. was ‘A

2’ on 28 November 2011 based on relevant quantitative as well as qualitative information up to date of rating declaration.

Republic Insurance Co. Ltd.

Credit Rating Agency of Bangladesh Limited (CRAB) had informed that the surveillance rating of Republic Insurance Co. Ltd. is ‘BBB

2’ in the long term and ‘ST-3’ in the short term on 28 November 2011 based on Audited financial statements up to 31 December 2010 and other relevant quantitative as well as qualitative information up to date of rating declaration.


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Economic NewsBangladesh going good among LDCs

The ‘Least Developed Countries Report 2011’ of the United Nations Conference on Trade and Development (UNCTAD) cited Bangladesh as having done better than many other 48 LDCs. According to the report, in terms of overall development scenario and particularly in economic vulnerability category Bangladesh has done well by scoring 23.2 against the threshold of 38. The country accomplished better resilience to offset external shocks during the global recession and has achieved a satisfactory level of real GDP per capita in comparison to many other LDCs. Along with the better performance in reducing economic vulnerability, Bangladesh requires to increase per capita gross national income (GNI) that stands at $640 and improve human assets index (53.3) further to obtain the status of a developing country. Bangladesh receives highest remittance among the LDCs. It shares 3.2% of the merchandise export to developing countries that dubbed Bangladesh as the 6th biggest exporting country among the LDCs. The report appreciated the share and trend of capital formation in Bangladesh and suggested trimming down the savings-investment gap. According to the report debt service to export ratio of Bangladesh fell from 39.9% in 1990 to 5.5% in 2009. Of the LDCs, Bangladesh maintains a low external debt GDP ratio.

Remittance at 6-month low

Inward remittance flow came down to a six-month low of $843.32m in September 2011 mainly due the post-Eid slowdown. According to the statistics of Bangladesh Bank (BB) this collection is 27.84% lower than that of last August. In comparison to the receipt of $837m in September 2010 the growth was mere 0.76%. Bangladesh Bank, however, dubbed the decline as a seasonal effect. However, the collection remained sluggish during the whole of 2011 caused by the stagnancy in manpower export mainly due to the ongoing unrest in the Middle-East. As a result the inter-bank buy-sell rate of US Dollar climbed to Tk75.30-75.33 lately from Tk75-Tk75.02 on September 22, 2011. The foreign exchange (forex) reserve and the exchange rate have deteriorated significantly in recent months as a result of the slow remittance growth and rocketing import bills. On October 03, 2011 the forex reserve of Bangladesh went below $10b mark at $9.8b after 24-months.

Drastic fall in tax from stock market

The GDP to market cap ratio was 42.6 in August 2011, down from 43.68 in July as the market capitalization of Dhaka Stock Exchange has declined by 2.47%. As a result of the declining trade volume in ongoing bearish trend, government’s earning from the capital market has declined by 70.27% from July to August 2011. Tax collection was Tk 177.3m in August, down from Tk. 419m of July as the daily average turnover of August has declined by a whopping 65%. In last fiscal year 2010-11, when the market was at its peak, total revenue collection from stock market trading registered a 154% growth after doubling of the source tax deduction for brokerage commission to 0.1%. Tax receipt from brokerage commission was Tk 3.26b which was complimented by receipt of Tk1.21b from sale of shares by sponsors and placement holders in last fiscal year.

Placement rule finalized

The guideline for placement of shares with private and institutional investors has been introduced by the Securities and Exchange Commission (SEC). To curb the erstwhile mass-scale doling of placement shares allegedly at times as bribes, the guideline has limited the total number of private placement subscribers to a maximum of 100, including institutions. Issuer needs to obtain approval from the regulator for raising capital where issue managers will allocate the placement shares on behalf of the issuer. All applicants must provide Tax-payers Identification Number (TIN) and their holdings will be subject to one year lock-in effective from the date of issuance. Within 15 days of closing subscription the issuer of the shares should submit a complete list of subscribers along with copy of the allotment letters. SEC has also fixed the lock-in period for sponsors for 3 years from the date of the regulators consent and also obligated post issue shareholding of the sponsors to be at 30% of the total paid-up capital of the company. SEC believes this guideline would ensure transparency into the mechanism of fund-raising and impede curb market trading of placement shares.

Market breaths relief

The multi-pronged efforts of the different regulators and stake-holding intermediaries doled a number of capital market friendly prescriptions riding on which Dhaka Stock Exchange (DSE) revived with 220.15 points on October 12, 2011 from the intra-day though of 5139.47 and gained another 208.15 points during the following session. Prolonging the months-long plunge earlier on October 11 the market barometer dipped to 5-month low at 5293.31 points. Massive falls triggered street protests and made the securities regulator and government anxious. The Securities & Exchange Commission (SEC) announced on October 12 that the National Board of Revenue (NBR) will resume the 10% tax rebate facility for investing in primary and secondary markets. Alongside to reduce the cost of trade the enhanced source tax on brokerage commission of 0.1% will be cut down by 50% to earlier level. The Central Depository of Bangladesh Limited (CDBL) also reduced fees on transactions by 30%. Unquestioned investment of undisclosed or untaxed income also got renewed green signal. The Board is also reviewing withdrawal of the tax on the income of mutual funds that came under the tax umbrella first time from the current year. Furthermore, the SEC has formed a three-member committee accommodated to urgently review the existing stock index calculation methods and launch a flawless index computation system. The private placement, book-building, right issue and mutual fund rules are also being amended.

Exchange rate under pressure

When US Dollar value is deflating all over the world recently, in Bangladesh its value is swelling recklessly. Value of Taka has deteriorated by more than Tk. 7 in the last one year. The greenback for BC selling was quoted at average Tk. 76.0668 on October 10, 2011 while it was quoted at Tk. 75.1056 for TT clean. Dollar is becoming dearer in both the formal and informal markets. Continuous currency devaluation is widening the trade gap and imposing obstruction in international trade. Although imbalance in the external balance sheet


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factors and feeble macroeconomic condition has significant impact on the money market but according to the insiders, another major reason of this undue volatility is the detrimental competition among the banks that are purchasing dollars at a higher rate from their exchange houses abroad. Even at times these banks unlawfully act lethargic to repatriate export proceeds to earn extra interest revenue. Reconciliation of the accounts of Export Promotion Bureau (EPB) and Bangladesh Bank (BB) found a gap of nearly US$2b between the export shipments and receipts. Furthermore, as the larger portion of the import bills are not duly placed, the government remains deprived from tax revenue and on the other hand huge amount flees from the local market while making payment of the those bills. Many businesses and corporate houses resort to over or under invoicing against their import bills or trade in their supplies through unapproved channels. In the first month of the current fiscal total capital machinery import of Bangladesh was Tk. 16.99b (86.5% growth), even if the business environment of the country had improved this growth is a bit surprising and many economists believe capital machinery import could be an easy choice of money launderers. In recent times hundi is also gaining more popularity. Huge amount of Dollar is being siphoned away for medical and travel purpose as well. But the regulators are yet to address all these irregularities effectively. However, as per reported request of Bangladesh Bank, the Bangladesh Foreign Exchange Dealers Association (BAFEDA) on October 10, 2011 has taken collective decision to keep the US dollar exchange rate at a stable position and has formed a technical committee to prepare a report on which further actions are to be defined.

MoF lends hand to Agrani Bank

A Tk. 8b worth special Treasury bond, that is eligible for trade and getting re-financing from Bangladesh Bank (BB), has been issued by the Ministry of Finance (MoF) in favor of the state-owned Agrani Bank Limited. Lately the bank was suffering from acute liquidity crisis due to the Tk. 29.01b outstanding loans as of September 05, 2011 to Bangladesh Petroleum Corporation (BPC) and sought support from the government. This 7% interest bearing bond will help Agrani Bank to address the liquidity crisis; in fact if required it could be used for meeting Statutory Liquidity Requirement (SLR) with BB. MoF has also assured to pay back the remaining Tk. 21.01b either in cash or in the form of bond. Same type of bond might also be issued in favor of Sonali Bank Limited.

Foreign aid declines alarmingly

Bangladesh’s foreign aid disbursement dipped by $69.72m or 21.92%% in the first quarter of the current fiscal year thanks to apathy of the implementation agencies. Government received total $246.21m in foreign aid during July-September 2011, $133.46m as loans and $112.76m as grants, Economic Relations Division (ERD) statistics showed. In the same period of last year Bangladesh received $316m for the same purpose. Asian Development Bank (ADB) disbursed $66.38m the highest amount of the total disbursement. Two other prime donors World Bank and the Japan government have disbursed only $42.35m and $15.56m respectively. During the said period donors have committed for total $1.43b ($1.12b grants and $309.67m loans) but the country has not received any budgetary support. Against Tk. 460b development budget target, in the first three months the executing agencies utilized only Tk. 26.22b (5.7%). The government has expressed its concerned on the sharp fall in fund flow. The donors have suggested reviewing all the aid supported projects in each six months and the “problematic” projects in each three months to expedite the implementation process.

Exchange & money market go haywire

Foreign Exchange (forex) Reserve of Bangladesh fell to $9.24b on November 29, 2011, the lowest since August 2009. With dwindling

supply, the Bangladesh Bank (BB) was forced to restrain from providing liquidity support to the banks that made both the exchange rate and call money market volatile. The value of the local currency that was plummeting steadily for the last couple of months, declined with a rapid slide in the first week of December. As of December 8, 2011 exchange rate hit a historic high when the inter-bank and informal curb market rates soared beyond Tk. 80 to the Dollar. The buying and selling rate of Dollar in inter-bank transactions was between Tk. 80-Tk80.75 and between Tk. 82-Tk85 in the curb market. For bills for collection (BC) selling rate was as high as Tk. 80.71 the day before. Slower foreign aid and remittance flow, government’s debt servicing and ever increasing import bills were exerting severe strain on the reserve, thus creating volatility in the dollar exchange rate. In November 2011 Bangladesh received only $915.45m in remittance that is 12% lower than the previous month. Although the central bank was eyeing that the country would be able to collect total $12b in foreign remittance during FY12, on the other side, devalued currency would increase the size of import bills, while, already the country was struggling to manage funds for import bill payments. Previously, BB used to provide foreign currency support to the commercial banks that ultimately had numbing effect on the forex reserve though. Lately BB preferred to remain inactive in the forex market; in fact it had suspended repurchase agreement (Repo) auction temporarily on the plea to curb inflation and provided inadequate liquidity support through special Repo. The market insiders claimed this inactiveness has exacerbated the exchange rate plunge further. Cease of aid & loan from multilateral agencies has aggravated the situation further. Meanwhile, liquidity dearth has lately pushed up call money rate as high as 22%.

Right Issue Rule amended

The Securities & Exchange Commission (SEC) has approved the amended Right Issue Rules tagging a condition that a listed company will have to run profitably in the immediately past year to issue right shares at par value. While only companies having profitability for three preceding years can ask for premium in such offers, for which it will also have to submit credit rating report to the SEC. With the application of right offer the articles & memorandum, returns of allotment of shares and directors’ particulars are also to be submitted along with summarized financial statements and last five years’ dividend declaration and disbursement reports. Right offer documents should be available in the web sites of SEC, stock exchanges, the respective companies and the issue managers during the subscription period. These documents should be posted within 3 days of SEC’s approval. Companies acting as underwriters of the issues will also have to submit the underwriting and portfolio management statement to the securities regulator. The amended version of the Securities & Exchange Commission (Rights Issue) Rules, 2006 is approved by the Commission without significant alteration though premium determination procedure is still demanded strongly. As per a decision of SEC, the company directors will be liable to deliver the offer application to the eligible shareholders within 90 days of the declaration of the issue. If any applicant will miss the right offer due to late or non-delivery the directors will be responsible for the failure.

Bangladesh 146th in HDI ranking

In the Human Development Report 2011 – “Sustainability and Equity: A Better Future for All” Bangladesh remained steady at 146th position among 189 countries in the world and 6th in the South-Asian region with significant improvement in maternal and child health and gender equality. Norway topped the list and Congo seated at the bottom. Sri Lanka ranked top among South Asian countries at 97th position among South Asian nations. The pace of human development in Bangladesh is higher than any of these neighbors. However, the country needs to


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address environmental degradation, climate change and risk of disaster factors and better management of inequality. Although poverty rate had declined from 49% to 31%, the rate was not the same in vulnerable areas. Maternal mortality is still highest in Bangladesh and less than one fourth of the infants are attended by skilled health personnel.

Market rejuvenation package unveiled

The much hyped stock market rejuvenation package was at last announced by the securities regulator on November 23, 2011. The 21-point package primarily focuses on more short-term participation of financial institutions and foreign direct investment in stock market. It also pledged a ‘special scheme’ to protect small investors’ interest and help to compensate their losses. For implementing the compensation scheme a six-member committee has been formed, headed by the ICB managing director, to find and recommend ways for those retail investors who have been affected by margin loans.

10-point Short term measures (tol start immediately)

• Loansextendedtocapitalmarketsubsidiariesofthebankswillnolonger be considered as ‘exposure to stock market’

• Bank’s long-term equity investment will not fall under ‘capitalmarket exposure limit’

• Repatriation of brokerage commission to foreignbrokerage firmsin case of foreign investment will be expedited (subject to proper documentation)

• 10%withholdingtaxonprofitsfromstockinvestmentsbyforeigninstitutions and NRBs will be withdrawn

• Considerationofbanks’exposurelimittothestockmarketwillbealtered to a ‘net-off’ basis from ‘marking to market’ basis

• Deadlineforadjustingsingle-borrowerexposurelimitofbankshasbeen extended to December 31, 2013

• Commercialbankscommitmorestockmarketinvestment

• Surplusfundofinsurancecompaniestobeinjectedinstockmarket

• Sponsor-directorsoflistedcompanieswillhavetoholdminimum30% stake in their respective companies

• Stockmarketsubsidiariesofthefinancialinstitutionswillbeallowedto mobilize 49% of their funds from sources other than from parent companies

4-point mid-term measures (within 3 months)

•Initiativestolaunch‘InvestmentAdvisoryService’

•Availabilityof‘EquityResearchPublication’

•Formulationof‘CorporateGovernanceGuideline’

•Immediatemeasurestoincreasethecapitalofmerchantbanksandother subsidiaries

6-point long-term measures (within 6months)

•Formulationof‘FinancialReportingAct(FRA)’

•Upgradingandtighteningpresent‘InsiderTradingRules’

• Making the ‘Small Investor Protection’ law more time-befitting &sustainable

•Demutualisationofthebourses

•Strengtheningmutualfundsandmakingthosemoreattractive

• Strengthening monitoring activities and establishing improvedsurveillance system.

Earlier the National Board of Revenue (NBR) cleared its position on accepting undisclosed money in the market without asking for its source. On November 20, 2011 SEC announced that the sponsors, promoters and directors of any listed company would jointly hold at least 30% stake in the company.


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News on International MarketsLondon Stock Exchange MillenniumIT selected to provide trading technology to Delhi Stock Exchange

The London Stock Exchange Group announced that its wholly owned subsidiary MillenniumIT had signed a contract with the Delhi Stock Exchange to provide the Indian Exchange with trading technology. The deal would see MillenniumIT provide solutions for equity, derivatives and FX trading as well as clearing technology.

Dubai Financial Market launches new corporate identity

The Dubai Financial Market launched its new corporate identity to reflect the strategic direction and growth of DFM going forward and prepare the Exchange for a new era of sustainable growth. DFM’s new corporate vision and mission are summarized by five key values which govern the exchange’s behavior internally and externally including: transparency, efficiency, confidentiality, innovation and integrity. DFM’s new slogan “Connecting liquidity” underlines the exchange’s commitment to connect liquidity across all its actions, leveraging advanced technology and best practices to drive market growth and trading volume.

London Stock Exchange Group to acquire stake in FTSE International

London Stock Exchange Group has signed a definitive agreement to acquire the 50% stake in FTSEInternational Limited, from Pearson, that LSEG does not already own, for total cash consideration of GBP 450 m. With this acquisition, LSEG significantly diversifies its business into indices, data and analytics and, in particular, creates new growth opportunities for LSEG’s listed derivatives trading business, a key strategic priority for the Group. It will increase access to buy-side firms and services, and will offer an enhanced global footprint, including key emerging and growth markets.

TMX Group makes offer to acquire Razor Risk Technologies

TMX Group and Razor Risk Technologies had entered into a takeover bid implementation agreement under which TMX Group, or its affiliate, would make a takeover bid for all of the issued shares of Razor. This company, headquartered in Sydney, provides credit risk software to clearing houses, stock exchanges, financial institutions and brokerages around the world. It also develops and integrates economic capital market, credit and liquidity risk management requirements across multiple asset classes.

TMX Group enters into support agreement with Maple Group

TMX Group and Maple Group Acquisition Corporation have entered into a support agreement in respect of Maple’s proposed acquisition of all of the outstanding TMX Group shares pursuant to an integrated two-step transaction valued at approximately CAS 3.8 bn. The TMX Group Board unanimously recommended that TMX Group shareholders had accepted and tendered their shares to the Maple offer, and had voted in favor of the second-step arrangement transaction. In making its determinations, the TMX Group Board took into account a number of factors, including the value of the transaction to TMX Group shareholders as well as the expected benefits of the Maple transaction to TMX Group and Canadian capital markets participants and other stakeholders.

TMX Group opens office in Beijing

TMX Group opened a representative office of its indirect wholly owned subsidiaries, Toronto Stock Exchange and TSX Venture Exchange, in Beijing.

Nairobi Stock Exchange changes name

The Nairobi Stock Exchange has changed its name to the Nairobi Securities Exchange Limited. The new name is a reflection of the 2010/2014 strategic plan to evolve into a full service securities exchange which supports trading, clearing and settlement of equities, debt, derivatives and other associated instruments.

Shanghai Stock Exchange renames its large cap equal weight index

The Shanghai Stock Exchange and China Securities Index announced that the SSE Large-Cap Equal eight index would be renamed to SSE 50 Equal Weight index on 22 December 2011. The index methodology would remain the same.

Hong Kong Exchanges and Zhengzhou Commodity Exchange sign MoU

Hong Kong Exchanges and Clearing and Zhengzhou Commodity Exchange signed a Memorandum of Understanding on cooperation and the exchange of information On 14 November 2011.

Tokyo Stock Exchange and NYSE Euronext sign “Master Agreement”

The Tokyo Stock Exchange and NYSE Euronext have signed a “Master Agreement” regarding a mutual connection between TSE’s arrow-net trading system and NYSE Euronext’s Secure Financial Transaction Infrastructure (SFTI) system. Both exchanges are set to launch new services in anticipation of the new arrow-net system in the coming spring, including access to market operators using the existing network environments for trading participants, investors, service providers and other users. Additionally, NYSE Technologies was to commence distributing TSE market data using this connection in December 2011.

Bombay Stock Exchange launches website for mutual funds

The Bombay Stock Exchange, in collaboration with Morningstar India, launched a dedicated website to empower investors with relevant information and tools on evaluating mutual fund investment opportunities.

Bursa Malaysia launches guide to listing

Bursa Malaysia unveiled a practical guide to listing on Bursa Malaysia to assist aspiring companies, particularly small and medium enterprises (SMEs), on their listing journey.

Bursa Malaysia Derivatives introduces negotiated large trade facility

Market participants can now transact large-sized orders on futures contracts listed on Bursa Malaysia Derivatives via the Negotiated Large Trade facility. It allows large trades to be transacted at a single price, thereby minimizing slippage and execution uncertainties. This service


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is available for the KLCI index futures, the crude palm oil futures, the 3-month KLIBOR futures and the 5-Year MGS futures contracts. The new system facilitates direct and private negotiations among customers and enables large orders to be transacted away from the trading system.

Hong Kong Exchanges clearing house and Taiwan Depository & Clearing Corporation sign MoU

The Hong Kong Securities Clearing, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing, and the Taiwan Depository & Clearing Corporation signed a Memorandum of Understanding focused on cooperation and exchange of information.

SIX Securities Services continues internationalization strategy

SIX Securities Services, the SIX Swiss Exchange global post trade services provider, announced the opening of Vietnam, Qatar and Bosnia- Herzegovina as new markets for its customers.

Tokyo Stock Exchange expands co-location and proximity services

Until recently, co-location and proximity service users were limited to trading participants, information vendors, and independent software vendors. As of November 2011, co-location and proximity services had also become available for hosting and network service providers.

Tokyo Stock Exchange launches overseas PR magazine

The Tokyo Stock Exchange Group launched “TSE Magazine ‘Evolving Japan’”, TSE’s first PR magazine targeting overseas investors. This magazine was created for the purpose of supporting IR activities of listed companies and allowing international investors to gain insight into the appeal of Japanese companies and market.

London Stock Exchange acquires transaction reporting service

The London Stock Exchange Group has completed the acquisition of Transaction Reporting Service, the FSA’s Approved Reporting Mechanism. Existing TRS clients can now rapidly migrate to the UnaVista platform, the Group’s own ARM, which has acquired the rights to accept brokers’ TRS-formatted data submissions. TRS customers will benefit from UnaVista’s significant functionality enhancements including management dashboards, data reconciliations and reference data for all asset types incorporating the new Alternative Instrument Identifier Exchange.

Shenzhen Stock Exchange launches equally weighted indexes

The Shenzhen Stock Exchange, in cooperation with the Shenzhen Securities Information, have issued the SZSE 100 equally weighted

index, the SZSE 300 equally weighted index, the SME board equally weighted index and the ChiNext board equally weighted index earlier. The equally weighted index methodology assigns the same initial weights to the sample stocks. It is a strategic index with extensive applications, because equal weighting is able to optimize the weight distribution of industries and individual stocks and improve the long term revenue performance of index.

Bombay Stock Exchange signs technical agreement to re-launch equity derivatives market

The Bombay Stock Exchange and Financial Technologies, a global leader in offering technology solutions, have signed an agreement to provide ODIN, a brokerage solution of Financial Technologies, to BSE members as a part of the exchange’s efforts to re-launch its equity derivatives segment. According to the agreement, BSE’s members will trade on its derivatives segment using ODIN’s computer-to-computer-link platform.

Saudi Stock Exchange launches new financial services

The Saudi Stock Exchange (Tadawul) has launched the new Tadawulaty services, which encompass a bundle of new financial services targeted at the different segments of investors as well as issuers, such as dividends entitlement reports, expected dividends notifications, certificates search, registration services for unlisted companies, trading restriction, and Tawasul services.

Shenzhen Stock Exchange will launch trial of standing supervisor system

The Shenzhen Stock Exchange had issued a circular on the trial implementation of the standing supervisor system in certain sponsors, scheduled to be launched on 1 January 2012 in 11 sponsors to supervise IPO companies. This was another important measure taken by the Exchange to enhance the continuous supervision works of the sponsors on the SME and ChiNext boards.

Stock Exchange of Mauritius launches new website

The Stock Exchange of Mauritius has launched its new website. This move coincides with the implementation of the SEM’s Automated Trading System (SEMATS). The new website contains a number of new features aimed at empowering local as well as foreign investors and assisting them in their research of data and information. The website address remains www.stockexchangeofmauritius.com.

News on International Markets


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Present Quarter Previous Quarter Quarterly Change (+/-) (%)

CSE All Share Price Index as on 31/12/11 14,880.37 16,668.94 (1,788.57) (10.73)

CSE-30 Index as on 31/12/11 13,826.94 14,709.13 (882.19) (6.00)

CSCX Index as on 31/12/11 9,572.67 10,679.41 (1,106.74) (10.36)

Total Turnover Value ( Tk mn) 23,981.05 50,890.96 (26,909.90) (52.88)

Total Turnover Value ( US$ mn) 292.45 675.57 (383.12) (56.71)

Total Turnover Volume ( No. mn) 449.44 722.62 (273.18) (37.80)

Market Capitalisation (Tk.Bn) as on 31/12/11 1,972.42 2,177.94 (205.52) (9.44)

Market Capitalisation (US$ Bn) as on 31/12/11 24.05 28.91 (4.86) (16.80)

Issues Traded 231 232

Issues Gained 19 85

Issues Declined 212 142

Issues Unchanged - 5

Average Daily Turnover Value (Tk. Mn) 420.72 892.82 (472.10) (52.88)

Average Daily Turnover Volume (No. Mn) 7.88 12.68 (4.79) (37.80)

Number of days Traded 57 57 - -

Cash Dividend Yield as on 31/12/11 1.87 1.36 0.51 37.50

Price Earning Ratio (X) as on 31/12/11 14.32 16.25 (1.93) (11.88)

Dollar conversion rate = Tk. 82.00

Tk mn = Taka in Million, Tk Bn= Taka in Billion,

US$ mn= US Dollar in million, US$ Bn= US Dollar in Billion,No. mn = Number in Million

Market Performance: October- December 2011

CSE Market StatisticsOctober-December 2011

Total number of listed securities 241

Total number of companies 201

Total number of mutual funds 37

Total number of Corporate Bonds 3

Total number of issued share, mutual fund certificates and corporate bonds 30,696,038,188 Total number of shares of all listed companies 27,762,056,508

Total number of certificates of all listed mutual funds 2,926,913,000

Total number of all listed Corporate Bonds 7,068,680

Total issued capital of all listed securities 322,129,054,600 Total issued capital of all listed companies 285,791,244,600

Total issued capital of all mutual funds 29,269,130,000

Total issued capital of all corporate bonds 7,068,680,000

Total market capitalisation of all listed securities 1,972,423,439,259 Total market capitalisation of all companies 1,934,029,950,299

Total market capitalisation of all mutual funds 31,483,675,500

Total market capitalisation of all corporate bonds 6,909,813,460

Billboard as on December 31, 2011


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Date All Share Index CSE-30 CSCX Index Turnover Mn Tk.

October 2, 2011 16,643.9675 14,672.6569 10,665.0535 554.74October 3, 2011 16,332.1765 14,465.1935 10,461.0875 421.86October 4, 2011 16,231.9273 14,394.7068 10,385.4968 479.94October 5, 2011 16,155.1367 14,345.3442 10,328.6360 412.41October 9, 2011 15,630.6464 13,917.0127 9,992.6415 483.50October 10, 2011 15,554.1933 13,856.2082 9,942.5372 419.69October 11, 2011 14,951.6317 13,403.2374 9,555.2193 502.53October 12, 2011 15,062.0959 13,597.3656 9,622.2129 565.23October 13, 2011 15,578.7367 14,033.4519 9,955.6488 624.28October 16, 2011 15,159.4114 13,675.1091 9,689.9014 450.85October 17, 2011 15,221.0405 13,714.0680 9,731.1631 414.85October 18, 2011 14,969.8721 13,548.0271 9,566.1972 357.43October 19, 2011 14,826.6812 13,474.6328 9,477.2076 518.77October 20, 2011 15,473.1327 14,244.6359 9,900.5099 200.93October 23, 2011 15,930.4678 14,643.3947 10,201.8874 464.73October 24, 2011 15,474.6210 14,238.2236 9,923.5251 371.91October 25, 2011 15,795.5388 14,446.6458 10,145.9379 389.47October 26, 2011 15,399.2746 14,141.0737 9,897.0126 296.26October 27, 2011 15,148.0152 13,956.8163 9,736.3791 342.65October 30, 2011 14,560.4403 13,520.1422 9,368.4181 357.84October 31, 2011 14,414.0189 13,439.0703 9,283.5921 293.74November 1, 2011 14,862.9329 13,797.7498 9,566.0925 328.40November 2, 2011 14,843.3154 13,776.6572 9,549.7735 324.93November 3, 2011 14,775.5687 13,827.0232 9,502.8358 224.12November 13, 2011 14,369.3058 13,581.2889 9,244.5142 174.14November 14, 2011 13,944.6497 13,247.7976 8,967.0333 347.96November 15, 2011 13,384.0448 12,797.9656 8,605.0752 312.43November 16, 2011 14,211.4495 13,623.1032 9,136.2992 352.77November 17, 2011 14,559.9833 13,831.2789 9,358.0104 495.21November 20, 2011 15,104.2914 14,070.8901 9,672.5413 529.95November 21, 2011 15,145.5991 14,010.9426 9,682.1754 560.84November 22, 2011 15,884.2514 14,633.1019 10,170.5901 851.62November 23, 2011 15,278.1640 14,195.5378 9,791.7793 1196.79November 24, 2011 15,240.2338 14,177.1051 9,768.9989 600.05November 27, 2011 14,465.3337 13,511.3363 9,273.5291 554.28November 28, 2011 14,840.0669 13,919.3661 9,517.9160 491.45November 29, 2011 14,687.9616 13,786.6156 9,423.5545 353.91November 30, 2011 15,003.8530 14,042.2875 9,624.3712 341.75December 1, 2011 14,879.3289 13,930.7706 9,542.6721 250.69December 4, 2011 14,653.7730 13,744.0308 9,405.8766 275.60December 5, 2011 14,363.3373 13,541.2242 9,222.3300 325.19December 7, 2011 14,352.8784 13,429.7840 9,215.3362 381.84December 8, 2011 14,098.4138 13,257.2741 9,058.2146 306.62December 11, 2011 13,878.2419 13,093.2343 8,925.9600 283.31December 12, 2011 13,861.1915 13,064.9791 8,918.4116 242.26December 13, 2011 14,255.0283 13,435.9355 9,169.1206 516.80December 14, 2011 14,049.1272 13,297.7080 9,039.0763 596.30December 15, 2011 14,101.4579 13,364.2906 9,072.0480 314.56December 18, 2011 14,105.0335 13,380.4294 9,074.9593 270.93December 19, 2011 14,290.5059 13,628.9843 9,198.4148 418.83December 20, 2011 14,269.0110 13,592.5756 9,183.3845 360.49December 21, 2011 14,570.6408 13,738.7213 9,373.3852 341.29December 22, 2011 14,773.6373 13,854.8577 9,503.4318 492.06December 26, 2011 14,571.4946 13,697.0210 9,375.3178 364.65December 27, 2011 14,824.5270 13,828.4000 9,536.9431 412.83December 28, 2011 14,754.4608 13,798.9763 9,491.9577 436.10December 29, 2011 14,880.3749 13,826.9433 9,572.6722 441.26

CSE Performance : Oct-Dec 2011

CSE Market Statistics Oct-Dec2011


PORTFOLIOCSE Market Statistics

Company % of TotalBEXIMCO 6.61

U.C.B.L. 5.50

UNITED AIRWAYS (BD) LTD. 5.18

AFTAB AUTO. 4.12

GRAMEENPHONE LIMITED 3.99

LAFARGE SURMA CEMENT LIMITED 3.06

BEXIMCO PHARMA 3.00

SOCIAL ISLAMI BANK LIMITED 2.81

NATIONAL BANK 2.54

PEOPLE'S LEASING & FINANCIAL SERVICES LTD. 2.41

Most Active : Oct-Dec 2011

6.61%

5.50% 5.18%

4.12% 3.99%3.06% 3.00% 2.81% 2.54% 2.41%

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CSE Market Performance Oct-Dec, 2011

CASPI CSE30 CSCX Turovern Tk.000


PORTFOLIO

Company Change%

INTECH ONLINE LIMITED 20.75

AL-ARAFAH ISLAMI BANK LTD 13.51

EASTERN BANK LIMITED 12.76

PRIME FINANCE 1ST MF 12.18

FIRST JANATA BANK MUTUAL FUND 11.39

MEGHNA PETROLEUM 9.50

DHAKA BANK LIMITED 7.25

UTTARA BANK LIMITED 7.15

PUBALI BANK 6.36

PRIME BANK 1ST ICB AMCL MUTUAL FUND 6.10

Most Gainers : Oct-Dec 2011

20.75%

13.51% 12.76% 12.18% 11.39% 9.50%

7.25% 7.15% 6.36% 6.10%

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Most Gainers: Oct - Dec, 2011

SL No.

SECTORNo. of

CompaniesIssued Shares Issued Capital

% of Total

Market capitalisation

% of Total

Turnover Volume

Turnover Value % of Toal

transactionTk. Tk. Tk.

1 LIFE INSURANCE 10 149,726,683 1,497,266,830 0.46 43,552,043,382 2.21 553,952 120,836,255.75 0.502 GENERAL INSURANCE 29 872,067,179 13,109,191,310 4.07 56,029,700,722 2.84 9,092,398 545,167,850.25 2.273 TEXTILES & CLOTHING 20 1,070,261,101 10,702,611,010 3.32 54,616,826,461 2.77 32,145,019 1,528,259,715.00 6.374 PHARMA & CHEMICALS 16 1,047,560,110 10,475,601,100 3.25 141,863,317,881 7.19 19,189,174 1,531,420,484.15 6.39

5FOODS & ALLIEDPRODUCTS

10 175,179,387 1,751,793,870 0.54 11,737,586,850 0.60 8,359,945 413,831,061.25 1.73

6 CEMENT 6 1,428,272,080 14,282,720,800 4.43 69,872,110,776 3.54 11,685,283 1,361,233,586.75 5.687 ENG. & ELECTRICAL 17 913,161,800 9,131,618,000 2.83 93,760,025,065 4.75 11,558,040 1,657,326,704.80 6.918 LEATHER & FOOTWEAR 5 58,465,000 584,650,000 0.18 13,985,114,500 0.71 361,509 26,731,041.50 0.11

9SERVICES & PROPERTY DEVELOPMENT

5 668,553,540 6,685,535,400 2.08 25,143,310,110 1.27 54,303,767 1,578,236,209.40 6.58

10 PAPERS & PRINTING 3 60,901,896 609,018,960 0.19 2,132,537,632 0.11 810,135 27,724,916.50 0.1211 ENERGY 11 2,762,301,306 27,623,013,060 8.58 235,987,598,683 11.96 13,817,463 1,224,740,869.30 5.1112 MUTUAL FUNDS 37 2,926,913,000 29,269,130,000 9.09 31,483,675,500 1.60 66,303,590 562,073,957.50 2.3413 BANKING 29 14,324,881,918 143,248,819,180 44.47 659,247,017,106 33.42 162,782,838 8,120,696,607.00 33.8614 CERAMIC 5 464,494,567 4,644,945,670 1.44 29,178,009,470 1.48 8,004,581 571,890,168.75 2.3815 ICT 5 146,107,728 1,461,077,280 0.45 4,085,060,075 0.21 9,581,244 261,038,923.00 1.0916 LEASING & FINANCE 20 1,763,518,542 20,672,685,420 6.42 183,337,967,428 9.30 16,563,965 1,475,938,279.15 6.1517 TELECOMMUNICATION 1 1,350,300,022 13,503,000,220 4.19 221,449,203,608 11.23 6,040,389 957,660,190.00 3.9918 MISCELLANEOUS 9 506,303,649 5,807,696,490 1.80 88,052,520,553 4.46 18,284,609 2,011,731,353.55 8.3919 CORPORATE BOND 3 7,068,680 7,068,680,000 2.19 6,909,813,460 0.35 4,948 4,515,979.50 0.02

Total 241 30,696,038,188 322,129,054,600 100 1,972,423,439,259 100 449,442,849 23,981,054,153.10 100

Sector-wise Performance : Oct-Dec 2011

LIFE INSURANCE0%

GENERAL INSURANCE2%

TEXTILES & CLOTHING7%

PHARMA & CHEMICALS4%

FOODS & ALLIEDPRODUCTS2%

CEMENT3%

ENG. & ELECTRICAL3%

LEATHER & FOOTWEAR0%

SERVICES & PROPERTY

DEVELOPMENT12%

PAPERS & PRINTING0%ENERGY

3%

BANKING36%

CERAMIC2%

ICT2%

LEASING & FINANCE4%

TELECOMMUNICATION1%

MISCELLANEOUS4%

CORPORATE BOND0%

Sectoral Turnover: Oct - Dec, 2011

MUTUAL FUNDS15%



PORTFOLIO

Basic Statistics on ListedSecurities

CSE Market Statistics-2011

Summary Statistics

Month-wish Yearly Statistics

CSE Market Performance

Turnover Value : 2011

Sector-wise MarketIndicator

Most Active Securities

Category-wise TurnoverValue-pie chart

Contracts & Turnover Volume

Sectoral Performance

Top 10 CSE Members

Top 10 Securities by Market Capitalization

New Listing

IPOs in the Market

Rights Shares

NAV of Mutual Funds

Most Active CSE Members : Oct-Dec 2011

Sectoral Index

Sector-wise Market Indicator

New Listing : Oct-Dec 2011

IPOs in the Market :Oct-Dec 2011

Half Yearly Performance(Un-Audited)of Listed Companies

CSE Over The Counter(OCT) Market

Shareholding Compositionof Listed Securities

Major CSE Events-2011

Regulatory Updates-2011


PORTFOLIO

Basic Statistics on Listed Securities


Scrip ID Company Name Group Year EndLast AGM

DateIssued Share

Issued Capital Tk.

Capital ChangeScrip

IDFace Value

Closing Price

Price Change

Price - 2011

Book Value/Share

Tk

Turnover Turnover EPS DPS PER Div YieldPrice/Book Value Ratio

Market Capital Mn. Tk.

Mkt. Lot Bonus Issue Right Issue Tk. %/(%) High Low Volume Value

Tk. Tk. Tk. Tk. Tk. Tk. x % Tk.

LIFE INSURANCE LIFE INSURANCE Basic Diluted

10001 DELTA LIFE INSURANCE Z 50 200412 17/11/2011 3,600,000 36,000,000 20% 10001 10 2,645.80 (93.30) 40,098.25 29,000.00 - 70 2,438,530.00 3.00 0.11 9524.88

10002 NATIONAL LIFE INS. A 50 201012 3/10/2011 34,651,790 346,517,900 60% 10002 10 357.50 (90.97) 7,995.00 327.00 2553 3,829,263.75 - 12388.01

10003 SANDHANI LIFE INS. A 50 201012 27/7/2011 20,688,075 206,880,750 48% 10003 10 162.30 (26.03) 431.00 130.10 95042 17,841,414.00 - 3357.67

10004 POPULAR LIFE INSURANCE A 500 201012 3/8/2011 20,973,330 209,733,300 37% 10004 10 260.00 (7.90) 604.90 260.00 500 130,000.00 - 5453.07

10005 FAREAST ISLAMI LIFE INS. A 50 201012 24/10/2011 3,939,120 39,391,200 40% 10005 10 160.70 (46.45) 424.00 117.00 149030 25,134,288.00 - 633.02

10006 MEGHNA LIFE INSURANCE A 50 201012 4/8/2011 23,034,368 230,343,680 40% 10006 10 187.50 (13.71) 425.00 140.00 256130 51,094,655.00 - 4318.94

10007 PROGRESSIVE LIFE INS. Z 200 201012 21/09/2011 9,240,000 92,400,000 12% 10007 10 152.00 (92.76) 3,280.00 137.10 1800 1,710,600.00 - 1404.48

10008 PRAGATI LIFE INS. A 500 201012 15/09/2011 8,400,000 84,000,000 10008 10 189.90 (92.75) 4,319.00 2,621.00 0 - - 1595.16

10009 PRIME ISLAMI LIFE INS. A 50 200912 2/9/2010 15,795,000 157,950,000 35% 10009 10 206.40 (27.78) 409.00 177.00 31550 7,241,780.00 5.00 2.42 3260.09

10010 RUPALI LIFE INSURANCE A 50 201012 18/08/2011 9,405,000 94050000 14% 10010 10 171.90 (91.59) 3,499.00 124.00 17277 11,415,725.00 - 1616.72

10 149,726,683 1497266830 10 43552.04

GENERAL INSURANCE GENERAL INSURANCE

11001 RUPALI INSURANCE A 100 201012 7/7/2011 39,489,624 394,896,240 20% 11001 10 66.30 (49.04) 1,750.00 53.00 17.05 353810 38,944,130.00 7.39 3.54 18.73 - 3.89 2618.16

11002 PEOPLES INSURANCE A 250 201012 1/6/2011 46,200,000 4,620,000,000 5% 100% 11002 10 39.10 (14.44) 1,015.00 30.00 105.09 1290171 52,783,440.00 2.11 2.19 5.00 17.88 12.79 0.37 1806.42

11003 GREEN DELTA INS. A 100 201012 15/06/2011 40,824,000 408,240,000 11003 10 150.50 (13.01) 340.90 126.00 65.93 41200 6,251,620.00 13.32 12.31 4.00 12.23 2.66 2.28 6144.01

11004 RELIANCE INSURANCE A 100 201012 30/04/2011 41,067,000 410,670,000 35% 11004 10 112.00 (90.59) 1,500.00 85.00 24.73 100 112,000.00 71.55 5.30 21.13 - 4.53 4599.50

11005 JANATA INSURANCE Z 20 201012 26/7/2011 2,561,328 256,132,800 15% 200% 11005 100 371.50 (29.64) 2,148.50 270.00 112.58 19644 7,872,760.00 18.06 5.34 69.51 - 3.30 951.53

11006 CENTRAL INSURANCE A 200 201012 20/06/2011 22,467,160 224,671,600 15% 11006 10 70.60 (90.33) 1,135.00 58.50 15.13 13840 8,820,465.00 29.81 3.49 20.23 - 4.67 1586.18

11007 FEDERAL INSURANCE A 100 201012 5/7/2011 37,698,329 376,983,290 12% 200% 11007 10 40.10 (26.29) 232.00 29.90 11.01 1744967 73,206,795.00 1.32 0.66 60.86 - 3.64 1511.70

11010 BGIC A 100 201012 28/06/2011 51,454,524 514,545,240 12% 11010 10 49.50 (2.94) 78.00 37.00 14.08 1172748 56,620,478.60 2.46 2.78 17.83 - 3.51 2547.00

11011 PRAGATI INSURANCE A 100 201012 20/06/2011 44,780,300 447,803,000 5% 11011 10 74.00 (91.59) 1,574.00 62.00 26.61 15789 2,564,935.25 33.77 3.61 1.50 20.52 2.03 2.78 3313.74

11013 PHOENIX INS. A 200 201006 15/06/2011 30,736,437 307,364,370 25% 11013 10 82.90 (14.54) 1,598.00 65.00 17.86 54525 4,413,380.00 4.22 3.77 22.02 - 4.64 2548.05

11014 EASTERN INS A 250 201012 18/7/2011 41,057,280 410,572,800 10% 100% 11014 10 54.50 (92.30) 1,500.00 48.00 12.65 18250 2,657,757.00 37.00 1.70 0.50 32.04 0.92 4.31 2237.62

11015 EASTLAND INSURANCE A 100 201012 28/04/2011 37,820,430 378,204,300 37% 11015 10 91.10 (89.47) 1,644.00 72.00 11.07 30600 6,992,925.00 61.65 4.51 3.00 20.18 3.29 8.23 3445.44

11016 PRIME INSURANCE COMPANY LIMITED A 250 201012 18/04/2011 26,761,267 267,612,670 30% 11016 10 53.60 (22.32) 1,714.00 42.70 14.64 86750 4,775,500.00 4.04 3.11 17.23 - 3.66 1434.40

11017 PIONEER INSURANCE COMPANY LIMITED A 500 201012 30/5/2011 27,187,500 271,875,000 25% 20% 11017 10 70.50 (92.81) 2,100.00 66.00 21.03 1250 276,100.00 58.82 4.06 17.38 - 3.35 1916.72

11021 NITOL INSURANCE A 250 201012 23/06/2011 18,900,000 189,000,000 12.50% 11021 10 53.60 (91.35) 980.00 44.10 15.14 20084 3,151,579.00 21.52 2.80 19.12 - 3.54 1013.04

11022 ASIA PACIFIC GENERAL INS. A 250 201012 3/7/2011 42,350,000 423,500,000 100% 11022 10 42.50 (91.37) 1,000.00 33.10 11.33 185870 12,665,637.50 14.61 1.86 1.00 22.83 2.352941 3.75 1799.88

11024 SONAR BANGLA INS. A 500 201012 21/7/2011 20,328,000 203,280,000 12% 11024 10 40.20 (91.37) 858.00 32.10 11.83 162280 11,246,579.50 16.60 1.80 22.31 - 3.40 817.19

11027 PARAMAOUNT INSURANCE A 500 201012 3/7/2011 18,150,000 181,500,000 10% 11027 10 38.40 (91.02) 900.00 30.80 13.09 143085 10,306,087.50 13.04 0.92 41.75 - 2.93 696.96

11028 CITY GENERAL INSURANCE A 100 201012 23/06/2011 38,478,000 384,780,000 12% 100% 11028 10 40.00 (17.18) 1,579.50 29.10 11.41 1119686 45,568,724.00 2.65 1.54 25.91 - 3.50 1539.12

11029 CONTINENTAL INSURANCE B 250 201012 28/03/2011 28,495,500 284,955,000 7% 50% 11029 10 42.70 (91.92) 1,119.00 34.30 10.18 213269 16,756,662.50 20.21 1.58 0.50 27.10 1.17 4.20 1216.76

11030 TAKAFUL ISLAMI INSURANCE A 250 201012 2/7/2011 19,837,500 198,375,000 15% 11030 10 66.00 (90.23) 1,245.00 44.40 14.64 220453 18,862,785.00 34.52 3.50 18.88 - 4.51 1309.28

11031 STANDARD INSURANCE A 250 201012 21/06/2011 18,150,000 181,500,000 10% 11031 10 42.10 (91.38) 835.00 37.00 12.70 85955 7,820,645.00 18.61 2.33 18.10 - 3.32 764.12

11032 NORTHERN GENERAL INSURANCE A 200 201012 20/06/2011 22,218,000 222,180,000 12% 11032 10 47.00 (92.52) 955.00 39.10 11.65 43150 6,719,905.00 11.19 1.51 31.13 - 4.03 1044.25

11033 REPUBLIC INSURANCE A 250 201012 21/06/2011 18,150,000 181,500,000 10% 11033 10 52.00 (91.62) 901.00 44.00 12.99 41810 15,509,062.50 16.95 2.09 24.85 - 4.00 943.80

11034 MARCENTILE INSURANCE A 200 201012 28/06/2010 34,980,000 349,800,000 12% 100% 11034 10 45.10 (91.33) 1,510.00 34.20 12.86 205520 17,021,962.50 2.07 0.98 46.21 - 3.51 1577.60

11035 ASIA INSURANCE A 250 201012 5/5/2011 37,125,000 371,250,000 25% 100% 11035 10 58.20 (15.65) 235.00 41.00 17.72 1575616 91,598,846.40 11.99 5.93 2.50 9.81 4.30 3.28 2160.68

11036 ISLAMI INSURANCE A 250 201012 21/7/2011 18,000,000 180,000,000 20% 11036 10 44.00 (90.47) 742.75 33.20 13.83 89270 7,150,887.50 21.95 1.83 24.05 - 3.18 792.00

11037 PRABHATI INSURANCE A 250 201012 28/06/2011 16,800,000 168,000,000 12% 11037 10 46.70 (90.63) 820.00 36.10 15.03 115856 8,234,363.00 16.40 1.41 33.12 - 3.11 784.56

11038 DHAKA INSURANCE A 500 201012 27/06/2011 30,000,000 300,000,000 100% 11038 10 97.00 (92.56) 3,099.00 81.00 18.40 26850 6,261,837.50 57.57 5.48 17.71 - 5.27 2910.00

29 872,067,179 13,109,191,310 29 56029.70


PORTFOLIO


DateIssued Share

Issued Capital Tk.

Capital ChangeScrip

IDFace Value

Closing Price

Price Change

Price - 2011

Book Value/Share

Tk





LIFE INSURANCE LIFE INSURANCE Basic Diluted

10001 DELTA LIFE INSURANCE Z 50 200412 17/11/2011 3,600,000 36,000,000 20% 10001 10 2,645.80 (93.30) 40,098.25 29,000.00 - 70 2,438,530.00 3.00 0.11 9524.88

10002 NATIONAL LIFE INS. A 50 201012 3/10/2011 34,651,790 346,517,900 60% 10002 10 357.50 (90.97) 7,995.00 327.00 2553 3,829,263.75 - 12388.01

10003 SANDHANI LIFE INS. A 50 201012 27/7/2011 20,688,075 206,880,750 48% 10003 10 162.30 (26.03) 431.00 130.10 95042 17,841,414.00 - 3357.67

10004 POPULAR LIFE INSURANCE A 500 201012 3/8/2011 20,973,330 209,733,300 37% 10004 10 260.00 (7.90) 604.90 260.00 500 130,000.00 - 5453.07

10005 FAREAST ISLAMI LIFE INS. A 50 201012 24/10/2011 3,939,120 39,391,200 40% 10005 10 160.70 (46.45) 424.00 117.00 149030 25,134,288.00 - 633.02

10006 MEGHNA LIFE INSURANCE A 50 201012 4/8/2011 23,034,368 230,343,680 40% 10006 10 187.50 (13.71) 425.00 140.00 256130 51,094,655.00 - 4318.94

10007 PROGRESSIVE LIFE INS. Z 200 201012 21/09/2011 9,240,000 92,400,000 12% 10007 10 152.00 (92.76) 3,280.00 137.10 1800 1,710,600.00 - 1404.48

10008 PRAGATI LIFE INS. A 500 201012 15/09/2011 8,400,000 84,000,000 10008 10 189.90 (92.75) 4,319.00 2,621.00 0 - - 1595.16

10009 PRIME ISLAMI LIFE INS. A 50 200912 2/9/2010 15,795,000 157,950,000 35% 10009 10 206.40 (27.78) 409.00 177.00 31550 7,241,780.00 5.00 2.42 3260.09

10010 RUPALI LIFE INSURANCE A 50 201012 18/08/2011 9,405,000 94050000 14% 10010 10 171.90 (91.59) 3,499.00 124.00 17277 11,415,725.00 - 1616.72

10 149,726,683 1497266830 10 43552.04

GENERAL INSURANCE GENERAL INSURANCE

11001 RUPALI INSURANCE A 100 201012 7/7/2011 39,489,624 394,896,240 20% 11001 10 66.30 (49.04) 1,750.00 53.00 17.05 353810 38,944,130.00 7.39 3.54 18.73 - 3.89 2618.16

11002 PEOPLES INSURANCE A 250 201012 1/6/2011 46,200,000 4,620,000,000 5% 100% 11002 10 39.10 (14.44) 1,015.00 30.00 105.09 1290171 52,783,440.00 2.11 2.19 5.00 17.88 12.79 0.37 1806.42

11003 GREEN DELTA INS. A 100 201012 15/06/2011 40,824,000 408,240,000 11003 10 150.50 (13.01) 340.90 126.00 65.93 41200 6,251,620.00 13.32 12.31 4.00 12.23 2.66 2.28 6144.01

11004 RELIANCE INSURANCE A 100 201012 30/04/2011 41,067,000 410,670,000 35% 11004 10 112.00 (90.59) 1,500.00 85.00 24.73 100 112,000.00 71.55 5.30 21.13 - 4.53 4599.50

11005 JANATA INSURANCE Z 20 201012 26/7/2011 2,561,328 256,132,800 15% 200% 11005 100 371.50 (29.64) 2,148.50 270.00 112.58 19644 7,872,760.00 18.06 5.34 69.51 - 3.30 951.53

11006 CENTRAL INSURANCE A 200 201012 20/06/2011 22,467,160 224,671,600 15% 11006 10 70.60 (90.33) 1,135.00 58.50 15.13 13840 8,820,465.00 29.81 3.49 20.23 - 4.67 1586.18

11007 FEDERAL INSURANCE A 100 201012 5/7/2011 37,698,329 376,983,290 12% 200% 11007 10 40.10 (26.29) 232.00 29.90 11.01 1744967 73,206,795.00 1.32 0.66 60.86 - 3.64 1511.70

11010 BGIC A 100 201012 28/06/2011 51,454,524 514,545,240 12% 11010 10 49.50 (2.94) 78.00 37.00 14.08 1172748 56,620,478.60 2.46 2.78 17.83 - 3.51 2547.00

11011 PRAGATI INSURANCE A 100 201012 20/06/2011 44,780,300 447,803,000 5% 11011 10 74.00 (91.59) 1,574.00 62.00 26.61 15789 2,564,935.25 33.77 3.61 1.50 20.52 2.03 2.78 3313.74

11013 PHOENIX INS. A 200 201006 15/06/2011 30,736,437 307,364,370 25% 11013 10 82.90 (14.54) 1,598.00 65.00 17.86 54525 4,413,380.00 4.22 3.77 22.02 - 4.64 2548.05

11014 EASTERN INS A 250 201012 18/7/2011 41,057,280 410,572,800 10% 100% 11014 10 54.50 (92.30) 1,500.00 48.00 12.65 18250 2,657,757.00 37.00 1.70 0.50 32.04 0.92 4.31 2237.62

11015 EASTLAND INSURANCE A 100 201012 28/04/2011 37,820,430 378,204,300 37% 11015 10 91.10 (89.47) 1,644.00 72.00 11.07 30600 6,992,925.00 61.65 4.51 3.00 20.18 3.29 8.23 3445.44

11016 PRIME INSURANCE COMPANY LIMITED A 250 201012 18/04/2011 26,761,267 267,612,670 30% 11016 10 53.60 (22.32) 1,714.00 42.70 14.64 86750 4,775,500.00 4.04 3.11 17.23 - 3.66 1434.40

11017 PIONEER INSURANCE COMPANY LIMITED A 500 201012 30/5/2011 27,187,500 271,875,000 25% 20% 11017 10 70.50 (92.81) 2,100.00 66.00 21.03 1250 276,100.00 58.82 4.06 17.38 - 3.35 1916.72

11021 NITOL INSURANCE A 250 201012 23/06/2011 18,900,000 189,000,000 12.50% 11021 10 53.60 (91.35) 980.00 44.10 15.14 20084 3,151,579.00 21.52 2.80 19.12 - 3.54 1013.04

11022 ASIA PACIFIC GENERAL INS. A 250 201012 3/7/2011 42,350,000 423,500,000 100% 11022 10 42.50 (91.37) 1,000.00 33.10 11.33 185870 12,665,637.50 14.61 1.86 1.00 22.83 2.352941 3.75 1799.88

11024 SONAR BANGLA INS. A 500 201012 21/7/2011 20,328,000 203,280,000 12% 11024 10 40.20 (91.37) 858.00 32.10 11.83 162280 11,246,579.50 16.60 1.80 22.31 - 3.40 817.19

11027 PARAMAOUNT INSURANCE A 500 201012 3/7/2011 18,150,000 181,500,000 10% 11027 10 38.40 (91.02) 900.00 30.80 13.09 143085 10,306,087.50 13.04 0.92 41.75 - 2.93 696.96

11028 CITY GENERAL INSURANCE A 100 201012 23/06/2011 38,478,000 384,780,000 12% 100% 11028 10 40.00 (17.18) 1,579.50 29.10 11.41 1119686 45,568,724.00 2.65 1.54 25.91 - 3.50 1539.12

11029 CONTINENTAL INSURANCE B 250 201012 28/03/2011 28,495,500 284,955,000 7% 50% 11029 10 42.70 (91.92) 1,119.00 34.30 10.18 213269 16,756,662.50 20.21 1.58 0.50 27.10 1.17 4.20 1216.76

11030 TAKAFUL ISLAMI INSURANCE A 250 201012 2/7/2011 19,837,500 198,375,000 15% 11030 10 66.00 (90.23) 1,245.00 44.40 14.64 220453 18,862,785.00 34.52 3.50 18.88 - 4.51 1309.28

11031 STANDARD INSURANCE A 250 201012 21/06/2011 18,150,000 181,500,000 10% 11031 10 42.10 (91.38) 835.00 37.00 12.70 85955 7,820,645.00 18.61 2.33 18.10 - 3.32 764.12

11032 NORTHERN GENERAL INSURANCE A 200 201012 20/06/2011 22,218,000 222,180,000 12% 11032 10 47.00 (92.52) 955.00 39.10 11.65 43150 6,719,905.00 11.19 1.51 31.13 - 4.03 1044.25

11033 REPUBLIC INSURANCE A 250 201012 21/06/2011 18,150,000 181,500,000 10% 11033 10 52.00 (91.62) 901.00 44.00 12.99 41810 15,509,062.50 16.95 2.09 24.85 - 4.00 943.80

11034 MARCENTILE INSURANCE A 200 201012 28/06/2010 34,980,000 349,800,000 12% 100% 11034 10 45.10 (91.33) 1,510.00 34.20 12.86 205520 17,021,962.50 2.07 0.98 46.21 - 3.51 1577.60

11035 ASIA INSURANCE A 250 201012 5/5/2011 37,125,000 371,250,000 25% 100% 11035 10 58.20 (15.65) 235.00 41.00 17.72 1575616 91,598,846.40 11.99 5.93 2.50 9.81 4.30 3.28 2160.68

11036 ISLAMI INSURANCE A 250 201012 21/7/2011 18,000,000 180,000,000 20% 11036 10 44.00 (90.47) 742.75 33.20 13.83 89270 7,150,887.50 21.95 1.83 24.05 - 3.18 792.00

11037 PRABHATI INSURANCE A 250 201012 28/06/2011 16,800,000 168,000,000 12% 11037 10 46.70 (90.63) 820.00 36.10 15.03 115856 8,234,363.00 16.40 1.41 33.12 - 3.11 784.56

11038 DHAKA INSURANCE A 500 201012 27/06/2011 30,000,000 300,000,000 100% 11038 10 97.00 (92.56) 3,099.00 81.00 18.40 26850 6,261,837.50 57.57 5.48 17.71 - 5.27 2910.00

29 872,067,179 13,109,191,310 29 56029.70


CSE Market StatisticsOct-Dec2011


PORTFOLIO




DateIssued Share

Issued Capital Tk.

Capital ChangeScrip

IDFace Value

Closing Price

Price Change

Price - 2011

Book Value/Share

Tk





TEXTILE TEXTILE

12002 PRIME TEXTILE A 250 201106 24/12/2011 38,200,000 382,000,000 12002 10 36.30 (93.15) 824.75 26.90 23.61 193250 18,777,550.00 18.15 1.81 1.00 20.00 2.75 1.54 1386.66

12004 APEX SPINNING A 400 201103 29/09/2011 8,400,000 84,000,000 12004 10 79.40 (93.46) 1,699.00 1,213.25 48.17 0 - 16.11 1.61 1.50 49.30 1.89 1.65 666.96

12006 DULAMIA COTTON Z 100 201106 24/12/2011 7,556,600 75,566,000 12006 10 10.20 (89.95) - - 10.02 0 - (20.06) (2.01) - - 1.02 77.08

12008 BEXIMCO SYNTHETICS A 200 201012 30/06/2011 68,547,320 685,473,200 15% 12008 10 38.20 (92.21) 615.00 30.10 11.31 616950 97,916,209.00 4.61 0.40 95.31 - 3.38 2618.51

12017 ALLTEX INDUSTRIES Z 500 201106 29/12/2011 48,000,000 480,000,000 12017 10 15.00 (93.07) 361.50 11.60 9.57 1044450 65,856,750.00 1.03 0.10 146.18 - 1.57 720.00

12022 SONARGAON TEXTILE A 250 201012 14/5/2011 22,915,200 229,152,000 10% 100% 12022 10 36.00 (92.33) 1,335.00 28.00 12.74 182710 18,077,787.50 14.15 0.67 53.44 - 2.83 824.95

12023 DELTA SPINNERS LTD. A 200 201106 22/12/2011 30,575,200 305,752,000 100% 12023 10 34.40 (92.76) 717.00 28.40 20.36 461040 39,807,830.00 13.83 1.38 1.00 24.88 2.91 1.69 1051.79

12024 H.R. TEXTILES A 250 201009 28/03/2011 22,000,000 220,000,000 10% 12024 10 41.80 (91.54) 925.00 35.70 11.69 88430 5,314,882.50 15.55 1.41 0.50 29.58 1.20 3.58 919.60

12025 ANLIMA YARN A 100 201106 22/12/2011 17,867,800 178,678,000 12025 10 32.20 (92.64) 577.75 24.00 10.66 124150 11,088,720.00 11.56 1.17 1.00 27.63 3.11 3.02 575.34

12030 SIAHAM TEXTILE MILLS LTD. A 100 201106 9/10/2011 25,000,000 250,000,000 100% 12030 10 60.70 (10.07) 222.00 27.60 13.74 975800 56,578,710.00 18.75 3.31 1.50 18.34 2.47 4.42 1517.50

12031 SAFKO SPINING MILLS LTD A 100 201012 26/5/2011 18,560,000 185,600,000 16% 12031 10 35.10 (91.88) 905.00 28.90 4.16 186072 21,054,603.00 (5.98) (0.52) - - 8.44 651.46

12032 TALLU SPINNING MILLS LIMITED A 100 201106 31/12/2011 21,400,258 214,002,580 15% 12032 10 88.90 (87.53) 970.00 55.00 13.14 137850 20,266,337.50 9.73 0.85 105.09 - 6.76 1902.48

12033 MITHUN KNITTING AND DYEING LIMITED A 100 201106 31/12/2011 7,187,500 71,875,000 15% 12033 10 131.70 (90.35) 2,092.75 71.00 20.49 29765 7,168,600.00 46.10 4.01 32.85 - 6.43 946.59

12034 SQUARE TEXTILES LIMITED A 50 201012 16/06/2011 97,405,993 974,059,930 20% 12034 10 113.50 (18.58) 225.00 92.50 42.12 179722 21,377,454.00 8.79 7.32 1.60 15.50 1.41 2.69 11055.58

12035 METRO SPINNING LIMITED A 500 201106 29/12/2011 47,610,000 476,100,000 15% 12035 10 36.70 (41.56) 91.60 22.80 23.96 799100 34,285,750.00 2.10 1.83 20.10 - 1.53 1747.29

12036 MAKSONS SPINNING A 500 201006 27/12/2010 170,430,000 1,704,300,000 25% 200% 12036 10 34.90 (14.04) 69.80 23.60 14.77 13178992 442,291,129.00 5.07 1.20 29.19 - 2.36 5948.01

12037 THE DHAKA DYEING A 500 201106 29/12/2011 58,464,000 584,640,000 16% 12037 10 53.90 (10.47) 101.00 33.70 11.50 747890 34,362,630.00 1.61 1.39 38.81 - 4.69 3151.21

12038 R. N. SPINNING A 250 201009 21/04/2011 139,141,230 1,391,412,300 30% 12038 10 79.50 (7.67) 124.80 40.70 14.69 2467348 182,172,872.50 5.04 4.16 19.12 - 5.41 11061.73

12039 MALEK SPINNING A 500 201106 27/12/2011 176,000,000 1,760,000,000 10% 12039 10 32.60 (45.21) 104.00 22.10 14.01 7299500 301,072,150.00 0.64 0.58 56.27 - 2.33 5737.60

12040 ZAHINTEX INDUSTRIES N 500 45,000,000 450,000,000 12040 10 45.70 53.80 36.10 10.00 3432000 150,789,750.00 - - - 4.57 2056.50

20 1,070,261,101 10,702,611,010 20 54616.83

PHARMACEUTICALS PHARMACEUTICALS

13002 SQUARE PHARMA A 50 201103 21/09/11 264,834,760 2,648,347,600 35% 13002 10 237.40 (90.96) 3,730.00 190.00 53.79 318530 239,561,170.75 129.07 9.56 3.00 24.83 1.26 4.41 62871.77

13003 ACI LTD A 50 201012 15/06/2011 19,714,756 197,147,560 13003 10 210.00 (17.16) 377.80 175.10 142.70 28006 6,213,769.00 11.14 7.12 12.00 29.49 5.71 1.47 4140.10

13005 BEXIMCO PHARMA A 50 201012 2/7/2011 251,767,810 2,517,678,100 20% 13005 10 93.60 (13.49) 144.00 64.70 42.22 7443976 719,228,030.50 5.17 4.18 22.41 - 2.22 23565.47

13006 RECKIT BENCKISER (BD) LTD. A 50 201012 15/06/2011 4,725,000 47,250,000 13006 10 783.50 (19.02) 1,357.80 800.00 48.13 0 - 26.71 26.71 20.00 29.33 2.55 16.28 3702.04

13007 AMBEE PHARMA A 10 201012 30/06/2011 2,000,000 20,000,000 13007 10 424.30 (9.70) 690.00 293.10 24.40 90852 36,894,000.50 3.68 3.68 3.00 115.17 0.71 17.39 848.60

13008 ORION INFUSION A 100 201106 18/12/2011 20,359,760 203,597,600 13008 10 55.70 (91.69) 980.00 40.00 1.22 160560 31,014,550.00 16.13 1.61 1.50 34.54 2.69 45.74 1134.04

13011 KOHINOOR CHEMICAL A 50 201106 18/12/2011 5,000,000 50,000,000 13011 10 178.00 (91.83) 231.40 162.00 0.14 100 17,000.00 85.16 8.52 4.00 20.90 2.25 1289.08 890.00

13012 LIBRA INFUSIONS LIMITED A 100 201106 28/12/2011 1,251,600 12,516,000 13012 10 293.10 (92.69) 5,236.25 293.00 47.48 600 175,820.00 56.25 5.63 2.00 52.10 0.68 6.17 366.84

13013 IBN SINA PHARMA A 100 201012 23/06/2011 12,960,000 129,600,000 20% 13013 10 129.00 (90.15) 1,840.00 115.00 22.40 12430 1,913,540.00 55.62 4.64 1.00 27.83 0.78 5.76 1671.84

13017 KEYA COSMETICS LIMITED A 500 201106 25/12/2010 61,152,474 611,524,740 13017 10 71.20 (17.50) 124.00 51.00 25.04 2593195 179,709,550.90 5.26 4.39 1.50 16.22 2.11 2.84 4354.06

13020 BERGER PAINTS A 50 201012 9/5/2011 23,188,940 231,889,400 13020 10 525.00 (25.00) 860.00 515.00 72.64 500 294,860.00 30.39 30.39 18.00 17.28 3.43 7.23 12174.19

13021 ACI FORMULATIONS A 50 201012 15/06/2011 30,000,000 300,000,000 13021 10 89.20 (25.73) 1,230.00 71.30 29.62 84100 8,129,605.00 3.05 3.05 3.00 29.21 3.36 3.01 2676.00

13022 MARICO BANGLADESH A 50 201009 28/06/2011 31,500,000 315,000,000 13022 10 382.00 (20.58) 668.00 359.00 61.69 800 329,485.00 21.43 21.43 4.50 17.82 1.18 6.19 12033.00

13023 BEACON PHARMACEUTICALS B 500 201106 26/12/2011 231,000,000 2,310,000,000 5% 13023 10 31.00 (16.67) 68.00 23.60 12.12 6079500 183,313,350.00 0.48 0.48 64.17 - 2.56 7161.00

13024 ACTIVE FINE CHEMICALS A 500 201012 9/6/2011 46,000,000 460,000,000 15% 13024 10 61.80 (12.96) 122.00 47.40 11.92 1423425 88,366,592.50 3.12 1.80 34.24 - 5.18 2842.80

13025 SALVO CHEMICALS Z 500 201012 4/7/2011 42,105,010 421,050,100 5% 13025 10 34.00 (31.31) 78.50 27.10 10.76 952600 36,259,160.00 1.43 0.48 71.04 - 3.16 1431.57

16 1,047,560,110 10,475,601,100 16 141863.32

FOODS & ALLIED PROCUCTS FOODS & ALLIED PROCUCTS

14001 APEX FOOD A 400 201106 29/09/2011 5,702,400 57,024,000 14001 10 82.00 (90.47) 1,317.00 60.00 71.06 2775 676,033.75 18.93 1.89 1.20 43.32 1.46 1.15 467.60

14005 AMCL(PRAN) A 100 201106 24/11/2011 8,000,000 80,000,000 14005 10 134.30 (91.16) 1,820.00 113.00 47.07 5390 939,830.00 56.86 5.69 3.10 23.62 2.31 2.85 1074.40


PORTFOLIO


DateIssued Share

Issued Capital Tk.

Capital ChangeScrip

IDFace Value

Closing Price

Price Change

Price - 2011

Book Value/Share

Tk





TEXTILE TEXTILE

12002 PRIME TEXTILE A 250 201106 24/12/2011 38,200,000 382,000,000 12002 10 36.30 (93.15) 824.75 26.90 23.61 193250 18,777,550.00 18.15 1.81 1.00 20.00 2.75 1.54 1386.66

12004 APEX SPINNING A 400 201103 29/09/2011 8,400,000 84,000,000 12004 10 79.40 (93.46) 1,699.00 1,213.25 48.17 0 - 16.11 1.61 1.50 49.30 1.89 1.65 666.96

12006 DULAMIA COTTON Z 100 201106 24/12/2011 7,556,600 75,566,000 12006 10 10.20 (89.95) - - 10.02 0 - (20.06) (2.01) - - 1.02 77.08

12008 BEXIMCO SYNTHETICS A 200 201012 30/06/2011 68,547,320 685,473,200 15% 12008 10 38.20 (92.21) 615.00 30.10 11.31 616950 97,916,209.00 4.61 0.40 95.31 - 3.38 2618.51

12017 ALLTEX INDUSTRIES Z 500 201106 29/12/2011 48,000,000 480,000,000 12017 10 15.00 (93.07) 361.50 11.60 9.57 1044450 65,856,750.00 1.03 0.10 146.18 - 1.57 720.00

12022 SONARGAON TEXTILE A 250 201012 14/5/2011 22,915,200 229,152,000 10% 100% 12022 10 36.00 (92.33) 1,335.00 28.00 12.74 182710 18,077,787.50 14.15 0.67 53.44 - 2.83 824.95

12023 DELTA SPINNERS LTD. A 200 201106 22/12/2011 30,575,200 305,752,000 100% 12023 10 34.40 (92.76) 717.00 28.40 20.36 461040 39,807,830.00 13.83 1.38 1.00 24.88 2.91 1.69 1051.79

12024 H.R. TEXTILES A 250 201009 28/03/2011 22,000,000 220,000,000 10% 12024 10 41.80 (91.54) 925.00 35.70 11.69 88430 5,314,882.50 15.55 1.41 0.50 29.58 1.20 3.58 919.60

12025 ANLIMA YARN A 100 201106 22/12/2011 17,867,800 178,678,000 12025 10 32.20 (92.64) 577.75 24.00 10.66 124150 11,088,720.00 11.56 1.17 1.00 27.63 3.11 3.02 575.34

12030 SIAHAM TEXTILE MILLS LTD. A 100 201106 9/10/2011 25,000,000 250,000,000 100% 12030 10 60.70 (10.07) 222.00 27.60 13.74 975800 56,578,710.00 18.75 3.31 1.50 18.34 2.47 4.42 1517.50

12031 SAFKO SPINING MILLS LTD A 100 201012 26/5/2011 18,560,000 185,600,000 16% 12031 10 35.10 (91.88) 905.00 28.90 4.16 186072 21,054,603.00 (5.98) (0.52) - - 8.44 651.46

12032 TALLU SPINNING MILLS LIMITED A 100 201106 31/12/2011 21,400,258 214,002,580 15% 12032 10 88.90 (87.53) 970.00 55.00 13.14 137850 20,266,337.50 9.73 0.85 105.09 - 6.76 1902.48

12033 MITHUN KNITTING AND DYEING LIMITED A 100 201106 31/12/2011 7,187,500 71,875,000 15% 12033 10 131.70 (90.35) 2,092.75 71.00 20.49 29765 7,168,600.00 46.10 4.01 32.85 - 6.43 946.59

12034 SQUARE TEXTILES LIMITED A 50 201012 16/06/2011 97,405,993 974,059,930 20% 12034 10 113.50 (18.58) 225.00 92.50 42.12 179722 21,377,454.00 8.79 7.32 1.60 15.50 1.41 2.69 11055.58

12035 METRO SPINNING LIMITED A 500 201106 29/12/2011 47,610,000 476,100,000 15% 12035 10 36.70 (41.56) 91.60 22.80 23.96 799100 34,285,750.00 2.10 1.83 20.10 - 1.53 1747.29

12036 MAKSONS SPINNING A 500 201006 27/12/2010 170,430,000 1,704,300,000 25% 200% 12036 10 34.90 (14.04) 69.80 23.60 14.77 13178992 442,291,129.00 5.07 1.20 29.19 - 2.36 5948.01

12037 THE DHAKA DYEING A 500 201106 29/12/2011 58,464,000 584,640,000 16% 12037 10 53.90 (10.47) 101.00 33.70 11.50 747890 34,362,630.00 1.61 1.39 38.81 - 4.69 3151.21

12038 R. N. SPINNING A 250 201009 21/04/2011 139,141,230 1,391,412,300 30% 12038 10 79.50 (7.67) 124.80 40.70 14.69 2467348 182,172,872.50 5.04 4.16 19.12 - 5.41 11061.73

12039 MALEK SPINNING A 500 201106 27/12/2011 176,000,000 1,760,000,000 10% 12039 10 32.60 (45.21) 104.00 22.10 14.01 7299500 301,072,150.00 0.64 0.58 56.27 - 2.33 5737.60

12040 ZAHINTEX INDUSTRIES N 500 45,000,000 450,000,000 12040 10 45.70 53.80 36.10 10.00 3432000 150,789,750.00 - - - 4.57 2056.50

20 1,070,261,101 10,702,611,010 20 54616.83

PHARMACEUTICALS PHARMACEUTICALS

13002 SQUARE PHARMA A 50 201103 21/09/11 264,834,760 2,648,347,600 35% 13002 10 237.40 (90.96) 3,730.00 190.00 53.79 318530 239,561,170.75 129.07 9.56 3.00 24.83 1.26 4.41 62871.77

13003 ACI LTD A 50 201012 15/06/2011 19,714,756 197,147,560 13003 10 210.00 (17.16) 377.80 175.10 142.70 28006 6,213,769.00 11.14 7.12 12.00 29.49 5.71 1.47 4140.10

13005 BEXIMCO PHARMA A 50 201012 2/7/2011 251,767,810 2,517,678,100 20% 13005 10 93.60 (13.49) 144.00 64.70 42.22 7443976 719,228,030.50 5.17 4.18 22.41 - 2.22 23565.47

13006 RECKIT BENCKISER (BD) LTD. A 50 201012 15/06/2011 4,725,000 47,250,000 13006 10 783.50 (19.02) 1,357.80 800.00 48.13 0 - 26.71 26.71 20.00 29.33 2.55 16.28 3702.04

13007 AMBEE PHARMA A 10 201012 30/06/2011 2,000,000 20,000,000 13007 10 424.30 (9.70) 690.00 293.10 24.40 90852 36,894,000.50 3.68 3.68 3.00 115.17 0.71 17.39 848.60

13008 ORION INFUSION A 100 201106 18/12/2011 20,359,760 203,597,600 13008 10 55.70 (91.69) 980.00 40.00 1.22 160560 31,014,550.00 16.13 1.61 1.50 34.54 2.69 45.74 1134.04

13011 KOHINOOR CHEMICAL A 50 201106 18/12/2011 5,000,000 50,000,000 13011 10 178.00 (91.83) 231.40 162.00 0.14 100 17,000.00 85.16 8.52 4.00 20.90 2.25 1289.08 890.00

13012 LIBRA INFUSIONS LIMITED A 100 201106 28/12/2011 1,251,600 12,516,000 13012 10 293.10 (92.69) 5,236.25 293.00 47.48 600 175,820.00 56.25 5.63 2.00 52.10 0.68 6.17 366.84

13013 IBN SINA PHARMA A 100 201012 23/06/2011 12,960,000 129,600,000 20% 13013 10 129.00 (90.15) 1,840.00 115.00 22.40 12430 1,913,540.00 55.62 4.64 1.00 27.83 0.78 5.76 1671.84

13017 KEYA COSMETICS LIMITED A 500 201106 25/12/2010 61,152,474 611,524,740 13017 10 71.20 (17.50) 124.00 51.00 25.04 2593195 179,709,550.90 5.26 4.39 1.50 16.22 2.11 2.84 4354.06

13020 BERGER PAINTS A 50 201012 9/5/2011 23,188,940 231,889,400 13020 10 525.00 (25.00) 860.00 515.00 72.64 500 294,860.00 30.39 30.39 18.00 17.28 3.43 7.23 12174.19

13021 ACI FORMULATIONS A 50 201012 15/06/2011 30,000,000 300,000,000 13021 10 89.20 (25.73) 1,230.00 71.30 29.62 84100 8,129,605.00 3.05 3.05 3.00 29.21 3.36 3.01 2676.00

13022 MARICO BANGLADESH A 50 201009 28/06/2011 31,500,000 315,000,000 13022 10 382.00 (20.58) 668.00 359.00 61.69 800 329,485.00 21.43 21.43 4.50 17.82 1.18 6.19 12033.00

13023 BEACON PHARMACEUTICALS B 500 201106 26/12/2011 231,000,000 2,310,000,000 5% 13023 10 31.00 (16.67) 68.00 23.60 12.12 6079500 183,313,350.00 0.48 0.48 64.17 - 2.56 7161.00

13024 ACTIVE FINE CHEMICALS A 500 201012 9/6/2011 46,000,000 460,000,000 15% 13024 10 61.80 (12.96) 122.00 47.40 11.92 1423425 88,366,592.50 3.12 1.80 34.24 - 5.18 2842.80

13025 SALVO CHEMICALS Z 500 201012 4/7/2011 42,105,010 421,050,100 5% 13025 10 34.00 (31.31) 78.50 27.10 10.76 952600 36,259,160.00 1.43 0.48 71.04 - 3.16 1431.57

16 1,047,560,110 10,475,601,100 16 141863.32


14001 APEX FOOD A 400 201106 29/09/2011 5,702,400 57,024,000 14001 10 82.00 (90.47) 1,317.00 60.00 71.06 2775 676,033.75 18.93 1.89 1.20 43.32 1.46 1.15 467.60

14005 AMCL(PRAN) A 100 201106 24/11/2011 8,000,000 80,000,000 14005 10 134.30 (91.16) 1,820.00 113.00 47.07 5390 939,830.00 56.86 5.69 3.10 23.62 2.31 2.85 1074.40




PORTFOLIO




DateIssued Share

Issued Capital Tk.

Capital ChangeScrip

IDFace Value

Closing Price

Price Change

Price - 2011

Book Value/Share

Tk






14010 NATIONAL TEA A 50 201012 29/7/2011 6,600,000 66,000,000 14010 10 500.00 (90.01) 6,051.00 462.50 74.02 190 948,253.75 265.87 26.59 2.50 18.81 0.50 6.76 3300.00

14012 RAHIMA FOOD CORP. LTD A 500 201106 22/12/2011 20,000,200 200,002,000 14012 10 35.60 (91.60) 730.00 27.00 4.50 271550 47,090,350.00 8.22 0.54 1.00 65.69 2.81 7.91 712.01

14017 FU-WANG FOODS LIMITED A 100 201106 25/12/2011 53,433,600 534,336,000 20% 100% 14017 10 50.50 (18.02) 123.50 32.80 12.31 3717200 189,876,570.00 1.92 1.48 34.21 - 4.10 2698.40

14018 BANGAS LIMITED A 100 201106 31/12/2011 1,485,000 14,850,000 32% 14018 10 160.00 (91.34) 2,339.00 105.20 14.56 5790 1,258,643.75 25.76 1.95 81.98 - 10.99 237.60

14021 BEACH HATCHERY LIMITED A 500 201012 31/5/2011 28,336,000 283,360,000 15% 14021 10 43.00 (17.47) 112.00 29.30 11.90 1635225 68,408,825.00 2.54 2.21 19.49 - 3.61 1218.45

14022 FINE FOODS LIMITED A 500 201106 23/12/2011 11,622,187 116,221,870 10% 14022 10 53.10 (24.25) 96.70 31.00 12.67 323625 16,325,650.00 1.57 1.43 37.21 - 4.19 617.14

14023 RANGPUR DEIRY & FOOD PRODUCTS A 200 40,000,000 400,000,000 14023 10 35.30 - 44.40 27.00 10.00 2377600 81,248,000.00 - - - 3.53 1412.00

14024 CVO PETROCHEMICAL REFINERY A 50 201106 27/12/2011 15,000,000 150,000,000 25% 14024 10 380.90 (87.88) 384.00 277.00 12.75 20600 7,058,905.00 45.04 3.60 105.70 - 29.88 5713.50

10 175,179,387 1,751,793,870 10 11737.59

CEMENT CEMENT

15001 CONFIDENCE CEMENT A 20 201012 20/06/2011 37,494,600 374,946,000 15% 30% 15001 10 125.50 (17.70) 306.90 84.10 26.28 1121032 133,856,044.00 7.39 6.43 2.50 19.53 1.99 4.77 4705.57

15002 HEIDELBERG CEMENT BANGLADESH LTD A 100 201012 13/06/2011 56,503,580 565,035,800 15002 10 252.20 (91.49) 3,850.00 177.60 76.89 2768 2,708,296.25 177.00 17.68 4.30 14.27 1.70 3.28 14250.20

15003 MEGHNA CEMENT A 100 201012 22/06/2011 22,500,400 225,004,000 15003 10 139.50 (24.43) 358.00 92.00 29.84 164000 21,833,330.00 2.23 2.23 2.50 62.59 1.79 4.68 3138.81

15005 ARAMIT CEMENT LIMITED A 500 201012 25/06/2011 15,400,000 154,000,000 10% 15005 10 111.80 (90.13) 1,648.00 81.10 11.69 8775 1,585,550.00 56.68 5.15 21.70 - 9.57 1721.72

15009 LAFARGE SURMA CEMENT LIMITED Z 500 201012 29/06/2011 1,161,373,500 11,613,735,000 100% 15009 10 26.80 (95.61) 690.00 25.00 10.00 6890300 734,666,137.50 (28.22) (0.00) - 2.68 31124.81

15010 M I CEMENT A 100 201106 18/12/2011 135,000,000 1,350,000,000 35% 15010 10 110.60 (34.94) 219.80 73.80 15.95 3498408 466,584,229.00 5.36 3.23 1.50 34.25 1.36 6.93 14931.00

6 1,428,272,080 14,282,720,800 6 69872.11

ENGINEERING ENGINEERING

16001 AZIZ PIPE Z 500 201012 29/06/2011 4,850,000 48,500,000 16001 10 24.00 (93.33) 747.00 25.10 (38.35) 655 189,816.25 7.18 0.72 33.42 - -0.63 116.40

16002 QUASEM DRYCELLS A 500 201106 15/12/2011 27,648,000 276,480,000 20% 16002 10 67.30 (26.53) 160.00 44.50 19.77 351716 23,761,489.00 2.05 1.70 39.48 - 3.40 1860.71

16003 ANWAR GALVANIZING Z 500 201006 24/03/2011 13,200,000 132,000,000 16003 10 30.50 (90.54) 520.00 19.80 7.55 17200 1,209,700.00 0.13 0.01 2284.88 - 4.04 402.60

16004 AFTAB AUTO. A 50 201108 20/12/2011 68,380,302 683,803,020 20% 16004 10 141.80 (40.57) 463.00 103.00 37.33 5241834 988,427,796.00 16.15 13.46 2.00 10.54 1.41 3.80 9696.33

16005 OLYMPIC INDUSTRIES A 100 201106 29/12/2011 52,240,875 522,408,750 50% 16005 10 130.60 (93.78) 2,756.00 91.50 19.39 79670 27,939,752.50 73.57 4.90 1.00 26.63 0.77 6.73 6822.66

16009 BD. THAI ALLUMINIUM A 50 201012 4/6/2011 41,099,060 410,990,600 25% 16009 10 61.80 (90.77) 7,000.00 44.10 5.71 672213 94,548,862.50 24.54 1.70 36.40 - 10.83 2539.92

16012 BD. AUTO CARS B 50 201106 29/12/2011 3,569,401 35,694,010 5% 16012 10 37.60 (90.00) - - 6.46 0 - 5.21 0.50 75.79 - 5.82 134.21

16013 BD. LAMPS LTD. A 50 201012 11/5/2011 7,208,160 72,081,600 16013 10 195.20 (89.72) 2,644.00 156.20 155.48 1255 245,590.00 85.67 8.57 3.50 22.79 1.79 1.26 1407.03

16014 KAY & QUE (BD) LTD. B 100 201012 23/06/2011 4,902,530 49,025,300 5% 16014 10 43.00 (89.40) 537.50 35.40 10.50 107252 8,219,032.50 4.53 0.42 101.86 - 4.10 210.81

16015 EASTERN CABLES LTD. A 100 201012 28/06/2011 24,000,000 240,000,000 16015 10 57.40 (90.96) 770.00 48.00 13.52 11630 1,203,877.50 6.82 0.68 1.00 84.19 1.74 4.24 1377.60

16016 RANGPUR FOUNDRY LTD. A 500 201012 23/06/2011 10,000,000 100,000,000 16016 10 77.50 (13.50) 144.00 61.00 17.39 24500 1,813,500.00 2.23 2.23 2.10 34.82 2.71 4.46 775.00

16017 BD WELDING ELECTRODES LTD A 500 201012 16/5/2011 37,076,000 370,760,000 10% 200% 16017 10 48.20 (11.88) 265.00 33.00 11.27 1501560 69,578,335.00 1.19 0.39 0.50 125.10 1.04 4.28 1787.06

16019 SINGER BANGLADESH LIMITED A 50 201012 27/04/2011 39,267,580 392,675,800 75% 16019 10 289.40 (89.39) 9,000.00 200.00 31.81 82715 43,631,706.25 176.83 10.10 60.00 28.64 20.73 9.10 11364.04

16020 S ALAM COLD ROLLED STEELS A 100 201009 30/03/2011 98,371,100 983,711,000 10% 50% 16020 10 61.20 (90.83) 845.00 46.80 11.00 604181 80,640,757.50 20.75 1.46 0.50 41.97 0.82 5.56 6020.31

16021 GOLDEN SON A 500 201012 18/06/2011 106,190,392 1,061,903,920 10% 100% 16021 10 61.70 (18.60) 106.50 47.00 17.57 1339774 85,790,307.00 3.54 1.65 0.50 37.43 0.81 3.51 6551.95

16022 BSRM STEELS A 100 201012 31/5/2011 325,500,000 3,255,000,000 20% 16022 10 118.50 (90.67) 2,130.00 94.80 8.54 562381 143,490,203.00 58.81 3.30 35.93 - 13.87 38571.75

16023 NAVANA CNG A 100 201103 22/09/2011 49,658,400 496,584,000 14% 16023 10 83.00 (25.09) 206.70 60.00 25.04 959504 86,635,979.80 6.91 6.06 1.80 13.70 2.17 3.31 4121.65

17 913,161,800 9,131,618,000 17 93760.03

LEATHER & FOOTWEAR LEATHER & FOOTWEAR

17001 APEX TANNERY A 100 201106 29/09/11 15,240,000 152,400,000 17001 10 123.30 (90.36) 1,830.00 88.10 57.16 26445 9,394,772.50 63.55 6.35 3.00 19.40 2.43 2.16 1879.09

17002 APEX FOOTWEAR A 200 201012 3/5/2011 11,250,000 112,500,000 17002 10 299.00 (91.38) 3,495.00 295.00 61.54 6700 3,389,800.00 202.87 20.29 4.00 14.74 1.34 4.86 3363.75

17007 SAMATA LEATHER Z 500 201106 26/12/2011 10,320,000 103,200,000 17007 10 14.00 (93.00) 345.00 14.00 8.80 9650 468,025.00 (1.26) (0.13) - - 1.59 144.48

17008 LEGACY FOOTWEAR LIMITED A 500 201012 28/7/2011 7,975,000 79,750,000 10% 17008 10 40.30 (1.71) 56.50 27.00 7.75 315650 11,641,200.00 1.14 1.03 0.50 39.00 1.24 5.20 321.39

17009 BATA SHOE COMPANY LTD. A 100 201012 23/06/2011 13,680,000 136,800,000 17009 10 605.00 0.83 670.00 431.00 96.57 3064 1,837,244.00 39.76 39.76 25.00 15.21 4.13 6.26 8276.40

5 58,465,000 584,650,000 5 13985.11


PORTFOLIO



DateIssued Share

Issued Capital Tk.

Capital ChangeScrip

IDFace Value

Closing Price

Price Change

Price - 2011

Book Value/Share

Tk






14010 NATIONAL TEA A 50 201012 29/7/2011 6,600,000 66,000,000 14010 10 500.00 (90.01) 6,051.00 462.50 74.02 190 948,253.75 265.87 26.59 2.50 18.81 0.50 6.76 3300.00

14012 RAHIMA FOOD CORP. LTD A 500 201106 22/12/2011 20,000,200 200,002,000 14012 10 35.60 (91.60) 730.00 27.00 4.50 271550 47,090,350.00 8.22 0.54 1.00 65.69 2.81 7.91 712.01

14017 FU-WANG FOODS LIMITED A 100 201106 25/12/2011 53,433,600 534,336,000 20% 100% 14017 10 50.50 (18.02) 123.50 32.80 12.31 3717200 189,876,570.00 1.92 1.48 34.21 - 4.10 2698.40

14018 BANGAS LIMITED A 100 201106 31/12/2011 1,485,000 14,850,000 32% 14018 10 160.00 (91.34) 2,339.00 105.20 14.56 5790 1,258,643.75 25.76 1.95 81.98 - 10.99 237.60

14021 BEACH HATCHERY LIMITED A 500 201012 31/5/2011 28,336,000 283,360,000 15% 14021 10 43.00 (17.47) 112.00 29.30 11.90 1635225 68,408,825.00 2.54 2.21 19.49 - 3.61 1218.45

14022 FINE FOODS LIMITED A 500 201106 23/12/2011 11,622,187 116,221,870 10% 14022 10 53.10 (24.25) 96.70 31.00 12.67 323625 16,325,650.00 1.57 1.43 37.21 - 4.19 617.14

14023 RANGPUR DEIRY & FOOD PRODUCTS A 200 40,000,000 400,000,000 14023 10 35.30 - 44.40 27.00 10.00 2377600 81,248,000.00 - - - 3.53 1412.00

14024 CVO PETROCHEMICAL REFINERY A 50 201106 27/12/2011 15,000,000 150,000,000 25% 14024 10 380.90 (87.88) 384.00 277.00 12.75 20600 7,058,905.00 45.04 3.60 105.70 - 29.88 5713.50

10 175,179,387 1,751,793,870 10 11737.59

CEMENT CEMENT

15001 CONFIDENCE CEMENT A 20 201012 20/06/2011 37,494,600 374,946,000 15% 30% 15001 10 125.50 (17.70) 306.90 84.10 26.28 1121032 133,856,044.00 7.39 6.43 2.50 19.53 1.99 4.77 4705.57

15002 HEIDELBERG CEMENT BANGLADESH LTD A 100 201012 13/06/2011 56,503,580 565,035,800 15002 10 252.20 (91.49) 3,850.00 177.60 76.89 2768 2,708,296.25 177.00 17.68 4.30 14.27 1.70 3.28 14250.20

15003 MEGHNA CEMENT A 100 201012 22/06/2011 22,500,400 225,004,000 15003 10 139.50 (24.43) 358.00 92.00 29.84 164000 21,833,330.00 2.23 2.23 2.50 62.59 1.79 4.68 3138.81

15005 ARAMIT CEMENT LIMITED A 500 201012 25/06/2011 15,400,000 154,000,000 10% 15005 10 111.80 (90.13) 1,648.00 81.10 11.69 8775 1,585,550.00 56.68 5.15 21.70 - 9.57 1721.72

15009 LAFARGE SURMA CEMENT LIMITED Z 500 201012 29/06/2011 1,161,373,500 11,613,735,000 100% 15009 10 26.80 (95.61) 690.00 25.00 10.00 6890300 734,666,137.50 (28.22) (0.00) - 2.68 31124.81

15010 M I CEMENT A 100 201106 18/12/2011 135,000,000 1,350,000,000 35% 15010 10 110.60 (34.94) 219.80 73.80 15.95 3498408 466,584,229.00 5.36 3.23 1.50 34.25 1.36 6.93 14931.00

6 1,428,272,080 14,282,720,800 6 69872.11

ENGINEERING ENGINEERING

16001 AZIZ PIPE Z 500 201012 29/06/2011 4,850,000 48,500,000 16001 10 24.00 (93.33) 747.00 25.10 (38.35) 655 189,816.25 7.18 0.72 33.42 - -0.63 116.40

16002 QUASEM DRYCELLS A 500 201106 15/12/2011 27,648,000 276,480,000 20% 16002 10 67.30 (26.53) 160.00 44.50 19.77 351716 23,761,489.00 2.05 1.70 39.48 - 3.40 1860.71

16003 ANWAR GALVANIZING Z 500 201006 24/03/2011 13,200,000 132,000,000 16003 10 30.50 (90.54) 520.00 19.80 7.55 17200 1,209,700.00 0.13 0.01 2284.88 - 4.04 402.60

16004 AFTAB AUTO. A 50 201108 20/12/2011 68,380,302 683,803,020 20% 16004 10 141.80 (40.57) 463.00 103.00 37.33 5241834 988,427,796.00 16.15 13.46 2.00 10.54 1.41 3.80 9696.33

16005 OLYMPIC INDUSTRIES A 100 201106 29/12/2011 52,240,875 522,408,750 50% 16005 10 130.60 (93.78) 2,756.00 91.50 19.39 79670 27,939,752.50 73.57 4.90 1.00 26.63 0.77 6.73 6822.66

16009 BD. THAI ALLUMINIUM A 50 201012 4/6/2011 41,099,060 410,990,600 25% 16009 10 61.80 (90.77) 7,000.00 44.10 5.71 672213 94,548,862.50 24.54 1.70 36.40 - 10.83 2539.92

16012 BD. AUTO CARS B 50 201106 29/12/2011 3,569,401 35,694,010 5% 16012 10 37.60 (90.00) - - 6.46 0 - 5.21 0.50 75.79 - 5.82 134.21

16013 BD. LAMPS LTD. A 50 201012 11/5/2011 7,208,160 72,081,600 16013 10 195.20 (89.72) 2,644.00 156.20 155.48 1255 245,590.00 85.67 8.57 3.50 22.79 1.79 1.26 1407.03

16014 KAY & QUE (BD) LTD. B 100 201012 23/06/2011 4,902,530 49,025,300 5% 16014 10 43.00 (89.40) 537.50 35.40 10.50 107252 8,219,032.50 4.53 0.42 101.86 - 4.10 210.81

16015 EASTERN CABLES LTD. A 100 201012 28/06/2011 24,000,000 240,000,000 16015 10 57.40 (90.96) 770.00 48.00 13.52 11630 1,203,877.50 6.82 0.68 1.00 84.19 1.74 4.24 1377.60

16016 RANGPUR FOUNDRY LTD. A 500 201012 23/06/2011 10,000,000 100,000,000 16016 10 77.50 (13.50) 144.00 61.00 17.39 24500 1,813,500.00 2.23 2.23 2.10 34.82 2.71 4.46 775.00

16017 BD WELDING ELECTRODES LTD A 500 201012 16/5/2011 37,076,000 370,760,000 10% 200% 16017 10 48.20 (11.88) 265.00 33.00 11.27 1501560 69,578,335.00 1.19 0.39 0.50 125.10 1.04 4.28 1787.06

16019 SINGER BANGLADESH LIMITED A 50 201012 27/04/2011 39,267,580 392,675,800 75% 16019 10 289.40 (89.39) 9,000.00 200.00 31.81 82715 43,631,706.25 176.83 10.10 60.00 28.64 20.73 9.10 11364.04

16020 S ALAM COLD ROLLED STEELS A 100 201009 30/03/2011 98,371,100 983,711,000 10% 50% 16020 10 61.20 (90.83) 845.00 46.80 11.00 604181 80,640,757.50 20.75 1.46 0.50 41.97 0.82 5.56 6020.31

16021 GOLDEN SON A 500 201012 18/06/2011 106,190,392 1,061,903,920 10% 100% 16021 10 61.70 (18.60) 106.50 47.00 17.57 1339774 85,790,307.00 3.54 1.65 0.50 37.43 0.81 3.51 6551.95

16022 BSRM STEELS A 100 201012 31/5/2011 325,500,000 3,255,000,000 20% 16022 10 118.50 (90.67) 2,130.00 94.80 8.54 562381 143,490,203.00 58.81 3.30 35.93 - 13.87 38571.75

16023 NAVANA CNG A 100 201103 22/09/2011 49,658,400 496,584,000 14% 16023 10 83.00 (25.09) 206.70 60.00 25.04 959504 86,635,979.80 6.91 6.06 1.80 13.70 2.17 3.31 4121.65

17 913,161,800 9,131,618,000 17 93760.03

LEATHER & FOOTWEAR LEATHER & FOOTWEAR

17001 APEX TANNERY A 100 201106 29/09/11 15,240,000 152,400,000 17001 10 123.30 (90.36) 1,830.00 88.10 57.16 26445 9,394,772.50 63.55 6.35 3.00 19.40 2.43 2.16 1879.09

17002 APEX FOOTWEAR A 200 201012 3/5/2011 11,250,000 112,500,000 17002 10 299.00 (91.38) 3,495.00 295.00 61.54 6700 3,389,800.00 202.87 20.29 4.00 14.74 1.34 4.86 3363.75

17007 SAMATA LEATHER Z 500 201106 26/12/2011 10,320,000 103,200,000 17007 10 14.00 (93.00) 345.00 14.00 8.80 9650 468,025.00 (1.26) (0.13) - - 1.59 144.48

17008 LEGACY FOOTWEAR LIMITED A 500 201012 28/7/2011 7,975,000 79,750,000 10% 17008 10 40.30 (1.71) 56.50 27.00 7.75 315650 11,641,200.00 1.14 1.03 0.50 39.00 1.24 5.20 321.39

17009 BATA SHOE COMPANY LTD. A 100 201012 23/06/2011 13,680,000 136,800,000 17009 10 605.00 0.83 670.00 431.00 96.57 3064 1,837,244.00 39.76 39.76 25.00 15.21 4.13 6.26 8276.40

5 58,465,000 584,650,000 5 13985.11



PORTFOLIO




DateIssued Share

Issued Capital Tk.

Capital ChangeScrip

IDFace Value

Closing Price

Price Change

Price - 2011

Book Value/Share

Tk





SERVICES & PROPERTIES SERVICES & PROPERTIES

18002 EASTERN HOUSING A 100 201106 24/11/2011 65,159,640 651,596,400 5% 18002 10 70.50 (91.51) 1,445.00 49.30 13.85 1030190 216,847,756.00 40.43 3.85 1.00 18.31 1.42 5.09 4593.75

18004 SAMORITA HOSPITAL LTD. A 100 201006 20/01/2011 8,804,400 88,044,000 18004 10 88.10 (92.78) 1,490.00 79.00 17.31 2450 257,760.00 46.32 3.99 1.60 22.07 1.82 5.09 775.67

18005 SUMMIT ALLIANCE PORT A 100 201012 25/5/2011 120,864,500 1,208,645,000 25% 18005 10 58.30 (27.67) 185.00 43.00 17.14 1548862 102,143,891.00 11.01 8.81 2.00 6.62 3.43 3.40 7046.40

18006 OCEAN CONTAINERS A 100 201012 25/5/2011 32,725,000 327,250,000 25% 18006 10 65.50 (29.11) 137.00 46.80 12.53 234301 17,517,571.00 2.68 2.15 30.51 - 5.23 2143.49

18007 UNITED AIRWAYS B 100 201106 20/09/2011 441,000,000 4,410,000,000 10% 100% 18007 10 24.00 (16.38) 750.00 18.80 10.26 51487964 1,241,469,231.40 1.49 0.71 33.91 - 2.34 10584.00

5 668,553,540 6,685,535,400 5 25143.31

PAPERS & PRINTING PAPERS & PRINTING

19006 SINOBANGLA INDUSTRIES LTD A 500 201010 19/02/2011 19,996,600 199,966,000 100% 19006 10 41.80 (7.93) 86.00 28.50 16.25 345500 13,292,900.00 2.38 1.19 1.00 35.15 2.39 2.57 835.86

19008 MIRACLE INDUSTRIES LTD. B 500 201106 24/12/2011 21,905,296 219,052,960 5% 19008 10 24.50 (21.97) 44.00 18.50 15.91 298135 8,059,116.50 0.22 0.21 117.92 - 1.54 536.68

19009 HAKKANI PULP & PAPER MILLS LIMITED B 500 201106 17/12/2011 19,000,000 190,000,000 19009 10 40.00 (6.98) 71.90 28.00 35.96 166500 6,372,900.00 0.52 0.96 0.50 41.51 1.25 1.11 760.00

3 60,901,896 609,018,960 3 2132.54

OIL & FUEL OIL & FUEL

20002 PADMA OIL Z 50 200906 6/2/2010 29,400,000 294,000,000 200% 20002 10 733.60 - 900.00 490.10 70.20 0 - 46.07 15.36 5.00 47.77 0.68 10.45 21567.84

20004 SUMMIT POWER A 100 201012 26/5/2011 394,360,164 3,943,601,640 30% 20004 10 75.10 (20.02) 144.00 55.00 13.89 2842652 233,797,686.50 4.00 2.91 25.80 - 5.41 29616.45

20005 DHAKA ELECTRIC SUPPLY COMPANY A 500 201006 3/1/2011 260,276,962 2,602,769,620 30% 20005 10 111.20 (92.96) 2,180.00 66.20 32.74 18470 7,939,522.50 111.68 6.87 1.50 16.18 1.35 3.40 28942.80

20006 POWER GRID COMPANY A 500 201006 5/2/2011 419,011,810 4,190,118,100 15% 20006 10 63.50 (91.76) 980.00 45.00 19.83 154161 16,187,857.00 44.11 3.84 1.00 16.56 1.57 3.20 26607.25

20007 JAMUNA OIL A 100 201006 14/5/2011 70,200,000 702,000,000 20% 20007 10 179.20 (31.24) 345.00 160.00 30.36 239380 53,753,570.00 12.53 8.04 3.00 22.30 1.67 5.90 12579.84

20008 MEGHNA PETROLEUM A 100 201006 7/5/2011 48,510,000 485,100,000 5% 20008 10 189.00 9.50 242.00 124.20 30.56 142207 23,438,758.00 10.05 9.57 4.50 19.75 2.38 6.19 9168.39

20009 TITAS GAS A 500 201106 27/11/2011 942,116,030 9,421,160,300 10% 20009 10 67.90 (91.56) 1,005.00 51.00 29.15 524825 111,035,685.00 97.41 9.74 3.00 6.97 4.42 2.33 63969.68

20010 KHULNA POWER A 100 201012 12/6/2011 287,858,340 2,878,583,400 20% 20010 10 63.00 (12.38) 117.50 46.90 11.38 4248784 278,962,790.80 2.25 1.87 33.60 - 5.54 18135.08

20011 BARAKATULLAH ELECTRO DYNAMICS A 200 201106 22/09/2011 103,200,000 1,032,000,000 20% 20011 10 47.60 (22.35) 93.90 34.00 12.00 1743505 81,787,022.00 2.32 1.59 29.93 - 3.97 4912.32

20012 MJL BANGLADESH A 100 201012 21/09/2011 207,368,000 2,073,680,000 15% 20012 10 98.80 (27.14) 197.80 74.30 13.03 3903379 417,782,462.50 3.62 2.45 15.00 40.30 15.18 7.58 20487.96

20013 LINDE BANGLADESH A 50 201012 12/5/2011 15,218,280 152,182,800 20003 10 555.20 (13.11) 612.00 555.10 129.83 100 55,515.00 43.90 43.90 10.00 12.65 1.80 4.28 8449.19

11 2,762,301,306 27,623,013,060 11 235987.60

MUTUAL FUNDS MUTUAL FUNDS

21001 1ST ICB MF A 50 201106 750,000 7,500,000 21001 10 1,000.00 (90.00) 10,300.00 1,020.00 - 3900 3,978,000.00 64.70 204.01 50.00 4.90 5.00 750.00

21002 2ND ICB MF A 50 201106 500,000 5,000,000 21002 10 331.50 (90.35) 4,300.00 3,315.00 - 10 33,150.00 33.02 33.02 25.00 10.04 7.54 165.75

21003 3RD ICB MF A 50 201106 1,000,000 10,000,000 21003 10 254.60 (89.50) 2,546.00 2,222.00 - 10 25,460.00 24.83 24.83 18.50 10.25 7.27 254.60

21004 4TH ICB MF A 100 201106 1,000,000 10,000,000 21004 10 230.00 (90.00) 2,330.00 2,277.00 - 0 - 23.40 23.40 16.50 9.83 7.17 230.00

21005 5TH ICB MF A 100 201106 1,500,000 15,000,000 21005 10 155.20 (90.13) 1,849.00 156.00 - 60 89,280.00 18.93 18.93 13.50 8.20 8.70 232.80

21006 6TH ICB MF A 100 201106 5,000,000 50,000,000 21006 10 50.60 (92.29) 969.00 46.10 - 2360 744,352.50 10.58 10.58 9.00 4.78 17.79 253.00

21007 7TH ICB MF A 500 201106 3,000,000 30,000,000 21007 10 107.90 (90.00) 1,330.00 99.00 - 0 - 13.47 13.47 9.50 8.01 8.80 323.70

21008 8TH ICB MF A 500 201106 5,000,000 50,000,000 21008 10 56.00 (92.17) 815.00 56.00 - 650 126,187.50 12.33 12.33 9.00 4.54 16.07 280.00

21009 1ST BSRS MF A 500 201106 5,000,000 50,000,000 21009 10 93.00 (93.45) 1,950.00 102.00 - 0 - 14.43 14.43 12.50 6.45 13.44 465.00

21010 AIMS FIRST GUARANTEED MUTUAL FUND A 250 201106 41,450,000 414,500,000 130% 21010 10 39.70 496.99 48.40 4.80 - 41745750 284,907,097.50 5.10 4.06 2.80 9.77 7.05 1645.57

21011 ICB AMCL First Mutual Fund A 500 201106 10,000,000 100,000,000 21011 10 43.50 (92.87) 810.00 564.25 - 50 28,212.50 7.38 7.38 5.50 5.89 12.64 435.00

21012 ICB AMCL ISLAMIC MUTUAL FUND A 500 201106 10,000,000 100,000,000 21012 10 24.30 (92.68) 483.00 243.00 - 200 55,137.50 4.17 4.17 3.60 5.82 14.81 243.00

21013 GRAMEEN MUTUAL FUND A 500 201106 17,000,000 170,000,000 50% 21013 10 49.10 (49.49) 127.90 37.10 - 555500 30,688,050.00 9.39 9.39 2.50 5.23 5.09 834.70

21014 ICB AMCL FIRST NRB MUTUAL FUND A 500 201106 10,000,000 100,000,000 21014 10 31.70 (92.11) 630.50 28.50 - 4050 1,140,850.00 4.81 4.81 3.60 6.59 11.36 317.00

21015 ICB AMCL 2ND NRB MUTUAL FUND A 500 201106 100,000,000 1,000,000,000 21015 10 13.80 (91.64) 268.00 11.50 - 21700 1,676,225.00 2.84 2.85 2.25 4.84 16.30 1380.00

21016 GRAMEEN ONE : SCHEME TWO A 500 201106 125,000,000 1,250,000,000 10% 21016 10 17.20 (17.70) 34.80 14.40 - 4405450 78,957,980.00 2.39 2.39 1.00 7.20 5.81 2150.00

21017 PRIME FINANCE 1ST MF A 500 201106 20,000,000 200,000,000 21017 10 22.10 12.18 44.40 15.00 - 167500 3,200,400.00 - - 2.00 9.05 442.00


PORTFOLIO



DateIssued Share

Issued Capital Tk.

Capital ChangeScrip

IDFace Value

Closing Price

Price Change

Price - 2011

Book Value/Share

Tk





SERVICES & PROPERTIES SERVICES & PROPERTIES

18002 EASTERN HOUSING A 100 201106 24/11/2011 65,159,640 651,596,400 5% 18002 10 70.50 (91.51) 1,445.00 49.30 13.85 1030190 216,847,756.00 40.43 3.85 1.00 18.31 1.42 5.09 4593.75

18004 SAMORITA HOSPITAL LTD. A 100 201006 20/01/2011 8,804,400 88,044,000 18004 10 88.10 (92.78) 1,490.00 79.00 17.31 2450 257,760.00 46.32 3.99 1.60 22.07 1.82 5.09 775.67

18005 SUMMIT ALLIANCE PORT A 100 201012 25/5/2011 120,864,500 1,208,645,000 25% 18005 10 58.30 (27.67) 185.00 43.00 17.14 1548862 102,143,891.00 11.01 8.81 2.00 6.62 3.43 3.40 7046.40

18006 OCEAN CONTAINERS A 100 201012 25/5/2011 32,725,000 327,250,000 25% 18006 10 65.50 (29.11) 137.00 46.80 12.53 234301 17,517,571.00 2.68 2.15 30.51 - 5.23 2143.49

18007 UNITED AIRWAYS B 100 201106 20/09/2011 441,000,000 4,410,000,000 10% 100% 18007 10 24.00 (16.38) 750.00 18.80 10.26 51487964 1,241,469,231.40 1.49 0.71 33.91 - 2.34 10584.00

5 668,553,540 6,685,535,400 5 25143.31

PAPERS & PRINTING PAPERS & PRINTING

19006 SINOBANGLA INDUSTRIES LTD A 500 201010 19/02/2011 19,996,600 199,966,000 100% 19006 10 41.80 (7.93) 86.00 28.50 16.25 345500 13,292,900.00 2.38 1.19 1.00 35.15 2.39 2.57 835.86

19008 MIRACLE INDUSTRIES LTD. B 500 201106 24/12/2011 21,905,296 219,052,960 5% 19008 10 24.50 (21.97) 44.00 18.50 15.91 298135 8,059,116.50 0.22 0.21 117.92 - 1.54 536.68

19009 HAKKANI PULP & PAPER MILLS LIMITED B 500 201106 17/12/2011 19,000,000 190,000,000 19009 10 40.00 (6.98) 71.90 28.00 35.96 166500 6,372,900.00 0.52 0.96 0.50 41.51 1.25 1.11 760.00

3 60,901,896 609,018,960 3 2132.54

OIL & FUEL OIL & FUEL

20002 PADMA OIL Z 50 200906 6/2/2010 29,400,000 294,000,000 200% 20002 10 733.60 - 900.00 490.10 70.20 0 - 46.07 15.36 5.00 47.77 0.68 10.45 21567.84

20004 SUMMIT POWER A 100 201012 26/5/2011 394,360,164 3,943,601,640 30% 20004 10 75.10 (20.02) 144.00 55.00 13.89 2842652 233,797,686.50 4.00 2.91 25.80 - 5.41 29616.45

20005 DHAKA ELECTRIC SUPPLY COMPANY A 500 201006 3/1/2011 260,276,962 2,602,769,620 30% 20005 10 111.20 (92.96) 2,180.00 66.20 32.74 18470 7,939,522.50 111.68 6.87 1.50 16.18 1.35 3.40 28942.80

20006 POWER GRID COMPANY A 500 201006 5/2/2011 419,011,810 4,190,118,100 15% 20006 10 63.50 (91.76) 980.00 45.00 19.83 154161 16,187,857.00 44.11 3.84 1.00 16.56 1.57 3.20 26607.25

20007 JAMUNA OIL A 100 201006 14/5/2011 70,200,000 702,000,000 20% 20007 10 179.20 (31.24) 345.00 160.00 30.36 239380 53,753,570.00 12.53 8.04 3.00 22.30 1.67 5.90 12579.84

20008 MEGHNA PETROLEUM A 100 201006 7/5/2011 48,510,000 485,100,000 5% 20008 10 189.00 9.50 242.00 124.20 30.56 142207 23,438,758.00 10.05 9.57 4.50 19.75 2.38 6.19 9168.39

20009 TITAS GAS A 500 201106 27/11/2011 942,116,030 9,421,160,300 10% 20009 10 67.90 (91.56) 1,005.00 51.00 29.15 524825 111,035,685.00 97.41 9.74 3.00 6.97 4.42 2.33 63969.68

20010 KHULNA POWER A 100 201012 12/6/2011 287,858,340 2,878,583,400 20% 20010 10 63.00 (12.38) 117.50 46.90 11.38 4248784 278,962,790.80 2.25 1.87 33.60 - 5.54 18135.08

20011 BARAKATULLAH ELECTRO DYNAMICS A 200 201106 22/09/2011 103,200,000 1,032,000,000 20% 20011 10 47.60 (22.35) 93.90 34.00 12.00 1743505 81,787,022.00 2.32 1.59 29.93 - 3.97 4912.32

20012 MJL BANGLADESH A 100 201012 21/09/2011 207,368,000 2,073,680,000 15% 20012 10 98.80 (27.14) 197.80 74.30 13.03 3903379 417,782,462.50 3.62 2.45 15.00 40.30 15.18 7.58 20487.96

20013 LINDE BANGLADESH A 50 201012 12/5/2011 15,218,280 152,182,800 20003 10 555.20 (13.11) 612.00 555.10 129.83 100 55,515.00 43.90 43.90 10.00 12.65 1.80 4.28 8449.19

11 2,762,301,306 27,623,013,060 11 235987.60


21001 1ST ICB MF A 50 201106 750,000 7,500,000 21001 10 1,000.00 (90.00) 10,300.00 1,020.00 - 3900 3,978,000.00 64.70 204.01 50.00 4.90 5.00 750.00

21002 2ND ICB MF A 50 201106 500,000 5,000,000 21002 10 331.50 (90.35) 4,300.00 3,315.00 - 10 33,150.00 33.02 33.02 25.00 10.04 7.54 165.75

21003 3RD ICB MF A 50 201106 1,000,000 10,000,000 21003 10 254.60 (89.50) 2,546.00 2,222.00 - 10 25,460.00 24.83 24.83 18.50 10.25 7.27 254.60

21004 4TH ICB MF A 100 201106 1,000,000 10,000,000 21004 10 230.00 (90.00) 2,330.00 2,277.00 - 0 - 23.40 23.40 16.50 9.83 7.17 230.00

21005 5TH ICB MF A 100 201106 1,500,000 15,000,000 21005 10 155.20 (90.13) 1,849.00 156.00 - 60 89,280.00 18.93 18.93 13.50 8.20 8.70 232.80

21006 6TH ICB MF A 100 201106 5,000,000 50,000,000 21006 10 50.60 (92.29) 969.00 46.10 - 2360 744,352.50 10.58 10.58 9.00 4.78 17.79 253.00

21007 7TH ICB MF A 500 201106 3,000,000 30,000,000 21007 10 107.90 (90.00) 1,330.00 99.00 - 0 - 13.47 13.47 9.50 8.01 8.80 323.70

21008 8TH ICB MF A 500 201106 5,000,000 50,000,000 21008 10 56.00 (92.17) 815.00 56.00 - 650 126,187.50 12.33 12.33 9.00 4.54 16.07 280.00

21009 1ST BSRS MF A 500 201106 5,000,000 50,000,000 21009 10 93.00 (93.45) 1,950.00 102.00 - 0 - 14.43 14.43 12.50 6.45 13.44 465.00

21010 AIMS FIRST GUARANTEED MUTUAL FUND A 250 201106 41,450,000 414,500,000 130% 21010 10 39.70 496.99 48.40 4.80 - 41745750 284,907,097.50 5.10 4.06 2.80 9.77 7.05 1645.57

21011 ICB AMCL First Mutual Fund A 500 201106 10,000,000 100,000,000 21011 10 43.50 (92.87) 810.00 564.25 - 50 28,212.50 7.38 7.38 5.50 5.89 12.64 435.00

21012 ICB AMCL ISLAMIC MUTUAL FUND A 500 201106 10,000,000 100,000,000 21012 10 24.30 (92.68) 483.00 243.00 - 200 55,137.50 4.17 4.17 3.60 5.82 14.81 243.00

21013 GRAMEEN MUTUAL FUND A 500 201106 17,000,000 170,000,000 50% 21013 10 49.10 (49.49) 127.90 37.10 - 555500 30,688,050.00 9.39 9.39 2.50 5.23 5.09 834.70

21014 ICB AMCL FIRST NRB MUTUAL FUND A 500 201106 10,000,000 100,000,000 21014 10 31.70 (92.11) 630.50 28.50 - 4050 1,140,850.00 4.81 4.81 3.60 6.59 11.36 317.00

21015 ICB AMCL 2ND NRB MUTUAL FUND A 500 201106 100,000,000 1,000,000,000 21015 10 13.80 (91.64) 268.00 11.50 - 21700 1,676,225.00 2.84 2.85 2.25 4.84 16.30 1380.00

21016 GRAMEEN ONE : SCHEME TWO A 500 201106 125,000,000 1,250,000,000 10% 21016 10 17.20 (17.70) 34.80 14.40 - 4405450 78,957,980.00 2.39 2.39 1.00 7.20 5.81 2150.00

21017 PRIME FINANCE 1ST MF A 500 201106 20,000,000 200,000,000 21017 10 22.10 12.18 44.40 15.00 - 167500 3,200,400.00 - - 2.00 9.05 442.00



PORTFOLIO



DateIssued Share

Issued Capital Tk.

Capital ChangeScrip

IDFace Value

Closing Price

Price Change

Price - 2011

Book Value/Share

Tk






21018 EBL FIRST MUTUAL FUND A 500 201106 100,000,000 1,000,000,000 21018 10 10.30 (6.36) 19.60 8.80 - 1625500 17,340,100.00 2.72 2.72 2.10 3.78 20.39 1030.00

21019 ICB AMCL 2ND MUTUAL FUND A 500 201106 50,000,000 500,000,000 21019 10 9.00 (91.87) 184.00 7.60 - 32400 1,674,975.00 1.81 1.81 1.40 4.98 15.56 450.00

21020 ICB EMPLOYEES PROVIDENT MUTUAL FUND A 500 201106 75,000,000 750,000,000 21020 10 8.70 (8.42) 17.90 7.20 - 263000 2,324,100.00 1.44 1.44 1.20 6.05 13.79 652.50

21021 TRUST BANK 1ST MUTUAL FUND A 500 201106 200,000,000 2,000,000,000 21021 10 8.90 (11.00) 18.00 7.20 - 2747500 24,864,250.00 1.98 1.98 1.80 4.50 20.22 1780.00

21022 PRIME BANK 1ST ICB AMCL MUTUAL FUND A 500 201106 100,000,000 1,000,000,000 21022 10 8.70 6.10 16.40 6.50 - 605500 4,635,300.00 1.35 1.35 1.05 6.42 12.07 870.00

21023 DBH 1ST MUTUAL FUND A 500 201106 120,000,000 1,200,000,000 21023 10 8.30 (11.70) 17.00 6.80 - 2388000 20,652,050.00 1.90 1.90 1.70 4.37 20.48 996.00

21024 IFIC BANK 1ST MUTUAL FUND A 500 201106 120,000,000 1,200,000,000 21024 10 8.20 (12.77) 16.50 6.20 - 914000 7,718,400.00 2.39 2.39 1.50 3.44 18.29 984.00

21025 PHOENIX FINANCE 1ST MUTUAL FUND A 500 201106 60,000,000 600,000,000 21025 10 7.30 (13.10) 17.00 5.90 - 530500 3,865,250.00 1.33 1.33 1.00 5.50 13.70 438.00

21026 ICB AMCL 3RD NRB MUTUAL FUND A 500 201106 100,000,000 1,000,000,000 21026 10 7.80 (6.02) 14.90 6.40 - 1241500 9,803,450.00 1.17 1.17 1.00 6.66 12.82 780.00

21027 FIRST JANATA BANK MUTUAL FUND A 500 201106 200,000,000 2,000,000,000 21027 10 8.80 11.39 13.10 6.60 - 1709500 13,291,250.00 0.98 0.98 0.90 9.02 10.23 1760.00

21028 GREEN DELTA MUTUAL FUND A 500 201106 150,000,000 1,500,000,000 21028 10 6.90 (4.17) 14.00 5.40 - 1682000 11,558,650.00 (0.52) (0.52) - 0.00 1035.00

21029 POPULAR LIFE 1ST MUTUAL FUND A 500 201106 200,000,000 2,000,000,000 21029 10 6.90 (4.17) 12.40 5.40 - 758000 5,261,800.00 (0.03) (0.03) - 0.00 1380.00

21030 IFIL ISLAMIC MUTUAL FUND A 500 201106 100,000,000 1,000,000,000 21030 10 6.50 (7.14) 11.90 5.20 - 795000 5,194,550.00 0.15 0.15 42.90 0.00 650.00

21031 PHP FIRST MUTUAL FUND A 500 201106 200,000,000 2,000,000,000 21031 10 6.90 (1.43) 12.30 5.60 - 3899000 26,631,350.00 (0.49) (0.49) - 0.00 1380.00

21032 AIBL FIRST ISLAMIC MUTUAL FUND A 500 201106 100,000,000 1,000,000,000 21032 10 7.70 (6.10) 16.60 6.70 - 155000 1,204,700.00 - - 0.00 770.00

21033 MBL FIRST MUTUAL FUND A 500 201106 100,000,000 1,000,000,000 21033 10 8.00 (1.23) 11.00 7.10 - 16000 125,150.00 - - 0.00 800.00

21034 SOUTHEAST BANK FIRST MUTUAL FUND A 500 201106 90,713,000 907,130,000 21034 10 8.50 - 18.90 7.20 - 25500 208,700.00 - - 0.00 771.06

21035 EBL NRB FIRST MUTUAL FUND A 500 150,000,000 1,500,000,000 21035 10 7.90 (3.66) 9.00 7.30 - 3500 26,050.00 - - 0.00 1185.00

21036 RELIANCE ONE : MUTUAL FUND A 500 55,000,000 550,000,000 21036 10 10.00 - 15.00 10.00 - 0 - - - 0.00 550.00

21037 LR GLOBAL BD MUTUAL FUND ONE A 500 300,000,000 3,000,000,000 21037 10 9.40 (6.00) 9.80 8.00 - 5000 43,500.00 - - 0.00 2820.00

37 2,926,913,000 29,269,130,000 37 31483.68

BANKING BANKING

22002 AB BANK A 50 201012 12/7/2011 368,611,390 3,686,113,900 15% 22002 10 68.40 (90.69) 1,642.00 43.50 299.23 1921663 461,982,366.00 115.31 100.27 1.00 0.68 1.46 0.23 25213.02

22003 NATIONAL BANK A 100 201012 15/03/2011 860,365,603 8,603,656,030 95% 22003 10 66.90 2.76 199.90 51.60 27.08 9478413 608,246,555.00 15.55 2.41 27.80 - 2.47 57558.46

22004 UNITED COMMERCIAL BANK A 50 201012 30/5/2011 727,488,375 7,274,883,750 25% 100% 22004 10 43.90 (8.35) 232.00 30.90 16.74 29448102 1,319,337,929.10 7.49 3.00 14.65 - 2.62 31936.74

22005 RUPALI BANK A 100 201012 19/5/2011 137,500,000 1,375,000,000 10% 22005 10 135.20 (90.51) 1,833.00 98.10 100.84 51283 7,950,510.00 48.02 4.37 30.97 - 1.34 18590.00

22006 CITY BANK A 200 201012 14/08/2011 505,511,130 5,055,111,300 30% 100% 22006 10 53.00 (90.76) 1,020.00 35.10 21.33 2239919 320,840,979.50 59.40 3.70 14.33 - 2.48 26792.09

22007 PUBALI BANK A 25 201012 31/03/2011 670,761,000 6,707,610,000 35% 22007 10 50.20 6.36 111.00 36.00 24.03 6811109 328,448,463.80 6.51 4.82 0.50 10.41 1.00 2.09 33672.20

22008 ISLAMI BANK A 100 201012 18/5/2011 1,000,771,200 10,007,712,000 25% 22008 10 54.60 (89.80) 839.75 46.00 26.09 1149377 174,399,705.90 60.51 4.48 12.18 - 2.09 54642.11

22010 IFIC BANK LTD. A 50 201012 24/7/2011 276,837,900 2,768,379,000 27% 22010 10 68.10 (91.08) 1,460.00 44.00 22.96 1063152 121,796,437.50 76.34 6.01 11.33 - 2.97 18852.66

22012 AL-ARAFAH ISLAMI BANK LTD A 250 201012 6/6/2011 589,337,199 5,893,371,990 26% 100% 22012 10 37.80 13.51 68.70 27.50 15.13 7123177 250,018,169.50 4.14 3.08 12.27 - 2.50 22276.95

22013 PRIME BANK LIMITED A 250 201012 27/03/2011 779,809,558 7,798,095,580 35% 25% 22013 10 44.70 0.22 965.00 34.10 20.29 1470840 65,347,595.00 6.90 4.67 0.50 9.57 1.12 2.20 34857.49

22014 DHAKA BANK LIMITED A 100 201012 29/03/2011 359,045,703 3,590,457,030 35% 22014 10 44.40 7.25 78.40 33.40 20.92 1767088 76,524,694.00 6.31 4.68 9.49 - 2.12 15941.63

22015 SOUTHEAST BANK LIMITED A 250 201012 22/03/2011 831,700,840 8,317,008,400 20% 50% 22015 10 30.20 (90.28) 634.00 22.90 16.83 4808527 499,719,648.25 33.22 2.25 1.00 13.43 3.31 1.79 25117.37

22016 NATIONAL CREDIT & COMMERC BANK LTD. A 250 201012 28/04/2011 594,165,435 5,941,654,350 32% 50% 22016 10 30.60 (3.16) 70.00 23.20 19.15 14977366 454,237,166.30 5.33 3.99 7.67 - 1.60 18181.46

22017 DUTCH-BANGLA BANK LIMITED A 500 201012 24/03/2011 200,000,000 2,000,000,000 22017 10 162.40 (89.59) 2,250.00 120.30 29.02 90560 19,591,482.00 100.12 5.69 3.00 28.55 1.85 5.60 32480.00

22018 MUTUAL TRUST BANK LIMITED A 500 201012 28/03/2011 254,349,840 2,543,498,400 20% 22018 10 34.50 (91.41) 720.00 25.80 18.01 456972 48,360,902.50 35.63 2.97 11.62 - 1.92 8775.07

22020 STANDARD BANK LIMITED A 250 201012 16/5/2011 406,132,030 4,061,320,300 28% 22020 10 30.40 (90.22) 667.00 22.60 16.21 3267921 294,256,737.25 43.40 3.39 8.96 - 1.88 12346.41

22021 ONE BANK LIMITED A 100 201012 28/03/2011 318,867,560 3,188,675,600 55% 22021 10 48.00 (90.81) 1,180.00 33.30 14.55 2720902 335,421,868.00 91.75 5.92 8.11 - 3.30 15305.64

22022 BANK ASIA LIMITED A 500 201012 30/03/2011 525,479,060 5,254,790,600 40% 25% 22022 10 38.30 (90.73) 859.00 28.20 17.72 923675 49,811,150.00 64.24 3.67 10.43 - 2.16 20125.85

22023 MERCANTILE BANK LIMITED A 100 201012 11/4/2011 496,809,200 4,968,092,000 22% 2:03 22023 10 34.90 (88.56) 600.00 24.50 16.27 5400338 439,900,199.00 41.04 2.87 12.16 - 2.15 17338.64

22024 UTTARA BANK LIMITED A 25 201012 19/5/2011 287,517,312 2,875,173,120 20% 22024 10 77.90 7.15 1,675.00 52.50 11.98 3189171 240,993,399.50 6.48 5.40 2.00 14.43 2.57 6.50 22397.60



PORTFOLIO


DateIssued Share

Issued Capital Tk.

Capital ChangeScrip

IDFace Value

Closing Price

Price Change

Price - 2011

Book Value/Share

Tk






21018 EBL FIRST MUTUAL FUND A 500 201106 100,000,000 1,000,000,000 21018 10 10.30 (6.36) 19.60 8.80 - 1625500 17,340,100.00 2.72 2.72 2.10 3.78 20.39 1030.00

21019 ICB AMCL 2ND MUTUAL FUND A 500 201106 50,000,000 500,000,000 21019 10 9.00 (91.87) 184.00 7.60 - 32400 1,674,975.00 1.81 1.81 1.40 4.98 15.56 450.00

21020 ICB EMPLOYEES PROVIDENT MUTUAL FUND A 500 201106 75,000,000 750,000,000 21020 10 8.70 (8.42) 17.90 7.20 - 263000 2,324,100.00 1.44 1.44 1.20 6.05 13.79 652.50

21021 TRUST BANK 1ST MUTUAL FUND A 500 201106 200,000,000 2,000,000,000 21021 10 8.90 (11.00) 18.00 7.20 - 2747500 24,864,250.00 1.98 1.98 1.80 4.50 20.22 1780.00

21022 PRIME BANK 1ST ICB AMCL MUTUAL FUND A 500 201106 100,000,000 1,000,000,000 21022 10 8.70 6.10 16.40 6.50 - 605500 4,635,300.00 1.35 1.35 1.05 6.42 12.07 870.00

21023 DBH 1ST MUTUAL FUND A 500 201106 120,000,000 1,200,000,000 21023 10 8.30 (11.70) 17.00 6.80 - 2388000 20,652,050.00 1.90 1.90 1.70 4.37 20.48 996.00

21024 IFIC BANK 1ST MUTUAL FUND A 500 201106 120,000,000 1,200,000,000 21024 10 8.20 (12.77) 16.50 6.20 - 914000 7,718,400.00 2.39 2.39 1.50 3.44 18.29 984.00

21025 PHOENIX FINANCE 1ST MUTUAL FUND A 500 201106 60,000,000 600,000,000 21025 10 7.30 (13.10) 17.00 5.90 - 530500 3,865,250.00 1.33 1.33 1.00 5.50 13.70 438.00

21026 ICB AMCL 3RD NRB MUTUAL FUND A 500 201106 100,000,000 1,000,000,000 21026 10 7.80 (6.02) 14.90 6.40 - 1241500 9,803,450.00 1.17 1.17 1.00 6.66 12.82 780.00

21027 FIRST JANATA BANK MUTUAL FUND A 500 201106 200,000,000 2,000,000,000 21027 10 8.80 11.39 13.10 6.60 - 1709500 13,291,250.00 0.98 0.98 0.90 9.02 10.23 1760.00

21028 GREEN DELTA MUTUAL FUND A 500 201106 150,000,000 1,500,000,000 21028 10 6.90 (4.17) 14.00 5.40 - 1682000 11,558,650.00 (0.52) (0.52) - 0.00 1035.00

21029 POPULAR LIFE 1ST MUTUAL FUND A 500 201106 200,000,000 2,000,000,000 21029 10 6.90 (4.17) 12.40 5.40 - 758000 5,261,800.00 (0.03) (0.03) - 0.00 1380.00

21030 IFIL ISLAMIC MUTUAL FUND A 500 201106 100,000,000 1,000,000,000 21030 10 6.50 (7.14) 11.90 5.20 - 795000 5,194,550.00 0.15 0.15 42.90 0.00 650.00

21031 PHP FIRST MUTUAL FUND A 500 201106 200,000,000 2,000,000,000 21031 10 6.90 (1.43) 12.30 5.60 - 3899000 26,631,350.00 (0.49) (0.49) - 0.00 1380.00

21032 AIBL FIRST ISLAMIC MUTUAL FUND A 500 201106 100,000,000 1,000,000,000 21032 10 7.70 (6.10) 16.60 6.70 - 155000 1,204,700.00 - - 0.00 770.00

21033 MBL FIRST MUTUAL FUND A 500 201106 100,000,000 1,000,000,000 21033 10 8.00 (1.23) 11.00 7.10 - 16000 125,150.00 - - 0.00 800.00

21034 SOUTHEAST BANK FIRST MUTUAL FUND A 500 201106 90,713,000 907,130,000 21034 10 8.50 - 18.90 7.20 - 25500 208,700.00 - - 0.00 771.06

21035 EBL NRB FIRST MUTUAL FUND A 500 150,000,000 1,500,000,000 21035 10 7.90 (3.66) 9.00 7.30 - 3500 26,050.00 - - 0.00 1185.00

21036 RELIANCE ONE : MUTUAL FUND A 500 55,000,000 550,000,000 21036 10 10.00 - 15.00 10.00 - 0 - - - 0.00 550.00

21037 LR GLOBAL BD MUTUAL FUND ONE A 500 300,000,000 3,000,000,000 21037 10 9.40 (6.00) 9.80 8.00 - 5000 43,500.00 - - 0.00 2820.00

37 2,926,913,000 29,269,130,000 37 31483.68

BANKING BANKING

22002 AB BANK A 50 201012 12/7/2011 368,611,390 3,686,113,900 15% 22002 10 68.40 (90.69) 1,642.00 43.50 299.23 1921663 461,982,366.00 115.31 100.27 1.00 0.68 1.46 0.23 25213.02

22003 NATIONAL BANK A 100 201012 15/03/2011 860,365,603 8,603,656,030 95% 22003 10 66.90 2.76 199.90 51.60 27.08 9478413 608,246,555.00 15.55 2.41 27.80 - 2.47 57558.46

22004 UNITED COMMERCIAL BANK A 50 201012 30/5/2011 727,488,375 7,274,883,750 25% 100% 22004 10 43.90 (8.35) 232.00 30.90 16.74 29448102 1,319,337,929.10 7.49 3.00 14.65 - 2.62 31936.74

22005 RUPALI BANK A 100 201012 19/5/2011 137,500,000 1,375,000,000 10% 22005 10 135.20 (90.51) 1,833.00 98.10 100.84 51283 7,950,510.00 48.02 4.37 30.97 - 1.34 18590.00

22006 CITY BANK A 200 201012 14/08/2011 505,511,130 5,055,111,300 30% 100% 22006 10 53.00 (90.76) 1,020.00 35.10 21.33 2239919 320,840,979.50 59.40 3.70 14.33 - 2.48 26792.09

22007 PUBALI BANK A 25 201012 31/03/2011 670,761,000 6,707,610,000 35% 22007 10 50.20 6.36 111.00 36.00 24.03 6811109 328,448,463.80 6.51 4.82 0.50 10.41 1.00 2.09 33672.20

22008 ISLAMI BANK A 100 201012 18/5/2011 1,000,771,200 10,007,712,000 25% 22008 10 54.60 (89.80) 839.75 46.00 26.09 1149377 174,399,705.90 60.51 4.48 12.18 - 2.09 54642.11

22010 IFIC BANK LTD. A 50 201012 24/7/2011 276,837,900 2,768,379,000 27% 22010 10 68.10 (91.08) 1,460.00 44.00 22.96 1063152 121,796,437.50 76.34 6.01 11.33 - 2.97 18852.66

22012 AL-ARAFAH ISLAMI BANK LTD A 250 201012 6/6/2011 589,337,199 5,893,371,990 26% 100% 22012 10 37.80 13.51 68.70 27.50 15.13 7123177 250,018,169.50 4.14 3.08 12.27 - 2.50 22276.95

22013 PRIME BANK LIMITED A 250 201012 27/03/2011 779,809,558 7,798,095,580 35% 25% 22013 10 44.70 0.22 965.00 34.10 20.29 1470840 65,347,595.00 6.90 4.67 0.50 9.57 1.12 2.20 34857.49

22014 DHAKA BANK LIMITED A 100 201012 29/03/2011 359,045,703 3,590,457,030 35% 22014 10 44.40 7.25 78.40 33.40 20.92 1767088 76,524,694.00 6.31 4.68 9.49 - 2.12 15941.63

22015 SOUTHEAST BANK LIMITED A 250 201012 22/03/2011 831,700,840 8,317,008,400 20% 50% 22015 10 30.20 (90.28) 634.00 22.90 16.83 4808527 499,719,648.25 33.22 2.25 1.00 13.43 3.31 1.79 25117.37

22016 NATIONAL CREDIT & COMMERC BANK LTD. A 250 201012 28/04/2011 594,165,435 5,941,654,350 32% 50% 22016 10 30.60 (3.16) 70.00 23.20 19.15 14977366 454,237,166.30 5.33 3.99 7.67 - 1.60 18181.46

22017 DUTCH-BANGLA BANK LIMITED A 500 201012 24/03/2011 200,000,000 2,000,000,000 22017 10 162.40 (89.59) 2,250.00 120.30 29.02 90560 19,591,482.00 100.12 5.69 3.00 28.55 1.85 5.60 32480.00

22018 MUTUAL TRUST BANK LIMITED A 500 201012 28/03/2011 254,349,840 2,543,498,400 20% 22018 10 34.50 (91.41) 720.00 25.80 18.01 456972 48,360,902.50 35.63 2.97 11.62 - 1.92 8775.07

22020 STANDARD BANK LIMITED A 250 201012 16/5/2011 406,132,030 4,061,320,300 28% 22020 10 30.40 (90.22) 667.00 22.60 16.21 3267921 294,256,737.25 43.40 3.39 8.96 - 1.88 12346.41

22021 ONE BANK LIMITED A 100 201012 28/03/2011 318,867,560 3,188,675,600 55% 22021 10 48.00 (90.81) 1,180.00 33.30 14.55 2720902 335,421,868.00 91.75 5.92 8.11 - 3.30 15305.64

22022 BANK ASIA LIMITED A 500 201012 30/03/2011 525,479,060 5,254,790,600 40% 25% 22022 10 38.30 (90.73) 859.00 28.20 17.72 923675 49,811,150.00 64.24 3.67 10.43 - 2.16 20125.85

22023 MERCANTILE BANK LIMITED A 100 201012 11/4/2011 496,809,200 4,968,092,000 22% 2:03 22023 10 34.90 (88.56) 600.00 24.50 16.27 5400338 439,900,199.00 41.04 2.87 12.16 - 2.15 17338.64

22024 UTTARA BANK LIMITED A 25 201012 19/5/2011 287,517,312 2,875,173,120 20% 22024 10 77.90 7.15 1,675.00 52.50 11.98 3189171 240,993,399.50 6.48 5.40 2.00 14.43 2.57 6.50 22397.60




PORTFOLIO



DateIssued Share

Issued Capital Tk.

Capital ChangeScrip

IDFace Value

Closing Price

Price Change

Price - 2011

Book Value/Share

Tk





BANKING BANKING

22025 EASTERN BANK LIMITED A 200 201012 30/03/2011 452,725,767 4,527,257,670 55% 22025 10 66.30 12.76 128.50 44.10 25.83 3090103 199,756,545.40 8.50 5.55 11.94 - 2.57 30015.72

22026 EXPORT IMPORT BANK OF BD. LTD. A 100 201012 9/6/2011 922,356,286 9,223,562,860 35% 50% 22026 10 28.00 (6.67) 66.00 21.20 16.09 10474111 300,312,829.30 5.33 3.75 7.47 - 1.74 25825.98

22027 SOCIAL ISLAMI BANK A 250 201009 28/04/2011 639,392,570 6,393,925,700 14% 100% 22027 10 26.40 3.12 53.20 19.90 12.04 26103508 673,810,420.60 2.14 1.00 26.37 - 2.19 16879.96

22028 JAMUNA BANK A 250 201012 19/5/2011 364,840,376 3,648,403,760 22% 33.33% 22028 10 34.50 3.29 167.00 25.60 21.45 3793423 127,325,560.70 4.78 2.92 11.81 - 1.61 12586.99

22029 BRAC BANK A 500 201012 24/03/2011 321,235,200 3,212,352,000 20% 22029 10 46.00 (90.35) 885.00 35.00 12.08 600251 63,999,317.50 60.39 4.28 1.00 10.76 2.17 3.81 14776.82

22030 SHAHJALAL ISLAMI BANK A 50 201012 9/5/2011 445,265,535 4,452,655,350 30% 22030 10 32.70 (5.76) 82.00 25.10 15.44 5443748 178,848,535.70 6.05 4.65 7.03 - 2.12 14560.18

22031 PREMIER BANK A 250 201012 6/4/2011 381,861,109 3,818,611,090 31% 22031 10 30.90 (11.46) 66.20 23.00 18.77 5888324 190,099,806.90 6.03 4.59 6.74 - 1.65 11799.51

22032 TRUST BANK A 500 201006 7/6/2011 266,112,740 2,661,127,400 20% 22032 10 42.80 (90.80) 765.00 31.40 20.62 513006 42,495,453.50 58.37 4.86 8.80 - 2.08 11389.63

22033 FIRST SECURITY ISLAMI BANK A 100 201012 30/7/2011 340,032,000 3,400,320,000 12% 20% 22033 10 26.50 (2.21) 41.00 20.00 14.04 8516809 226,862,179.30 2.33 1.61 16.43 - 1.89 9010.85

29 14,324,881,918 143,248,819,180 29 659247.02

CERAMICS CERAMICS

23001 MONNO CERAMIC A 100 201106 29/09/2011 23,928,020 239,280,200 25% 23001 10 62.90 (90.29) 1,179.75 44.90 16.26 61760 9,223,851.25 18.64 1.26 49.84 - 3.87 1505.07

23003 STANDARD CERAMIC B 500 201106 27/12/2011 6,460,650 64,606,500 23003 10 38.00 (91.91) 682.00 31.20 16.12 9630 984,782.50 6.21 0.62 0.50 61.22 1.32 2.36 245.50

23004 FU-WANG CERAMIC IND. A 500 201106 26/12/2011 69,927,594 699,275,940 10% 50% 23004 10 42.00 (89.70) 590.00 32.70 12.55 1745062 221,463,735.00 10.74 0.97 43.50 - 3.35 2936.96

23005 SHINEPUKUR CERAMICS A 100 201012 2/7/2011 111,127,453 1,111,274,530 15% 23005 10 41.40 (21.14) 113.90 29.10 13.70 4280009 186,111,598.00 2.62 2.28 18.17 - 3.02 4600.68

23006 RAK CERAMICS A 200 201012 20/03/2011 253,050,850 2,530,508,500 23006 10 78.60 (18.21) 188.00 60.50 15.02 1908120 154,106,202.00 3.36 2.40 1.50 1.91 5.23 19889.80

5 464,494,567 4,644,945,670 5 29178.01

INFORMATION COMMUNICATION & TECHNOLOGY INFORMATION COMMUNICATION & TECHNOLOGY

24003 INFORMATION SERVICES NETWORK LTD A 500 201012 28/06/2011 9,904,766 99,047,660 10% 24003 10 31.40 (1.26) 42.20 19.80 12.00 203410 5,927,500.00 1.05 0.96 32.73 - 2.62 311.01

24004 BDCOM ONLINE LIMITED A 500 201106 22/12/2011 27,553,680 275,536,800 5% 24004 10 26.10 (19.44) 52.80 18.70 11.31 1409125 38,286,412.00 0.51 1.02 25.55 - 2.31 719.15

24005 INTECH ONLINE LIMITED A 500 201012 30/06/2011 15,927,943 159,279,430 10% 24005 10 29.10 20.75 38.00 16.80 10.95 2499115 71,012,179.00 0.96 0.87 33.32 - 2.66 463.50

24006 AGNI SYSTEMS LIMITED A 500 201106 22/12/2011 42,809,077 428,090,770 50% 24006 10 35.00 (18.60) 60.40 25.50 11.19 1730435 62,400,695.00 1.26 0.95 0.50 36.73 1.43 3.13 1498.32

24007 DAFFODIL COMPUTERS LIMITED A 500 201106 29/12/2011 49,912,262 499,122,620 4% 100% 24007 10 21.90 (14.45) 40.00 17.90 11.58 3739159 83,412,137.00 0.94 0.68 0.60 32.06 2.74 1.89 1093.08

5 146,107,728 1,461,077,280 5 4085.06

LEASING & FINANCE LEASING & FINANCE

25001 I.C.B. A 50 201106 22/10/2011 33,750,000 3,375,000,000 35% 25001 100 1,574.50 (39.90) 4,218.00 1,478.00 915.72 150 278,850.00 152.84 151.12 15.00 10.42 0.95 1.72 53139.38

25002 IDLC FINANCE LTD. A 200 201012 31/03/2011 99,000,000 990,000,000 65% 25002 10 139.10 (92.87) 4,825.00 103.60 29.96 116928 47,360,269.25 134.26 8.14 3.50 17.09 2.52 4.64 13770.90

25003 UTTARA FINANCE A 50 201012 30/5/2011 73,920,000 739,200,000 40% 33.33% 25003 10 113.80 (28.38) 399.00 85.60 30.18 205637 25,531,875.00 16.02 11.44 9.94 - 3.77 8412.10

25004 FIRST LEASE INTERNATIONAL LIMITED A 250 201012 21/04/2011 50,311,800 503,118,000 25% 25004 10 77.20 (92.24) 1,598.25 60.00 22.99 79782 10,534,542.50 34.45 7.00 11.03 - 3.36 3884.07

25005 MIDAS FINANCING LIMITED A 100 201106 8/12/2011 60,134,330 601,343,300 10% 25005 10 63.50 (93.49) 1,885.00 47.00 12.94 94520 10,782,570.00 12.14 1.10 57.53 - 4.91 3818.53

25006 PEOPLES LEASING A 100 201012 2/5/2011 190,627,330 1,906,273,300 75% 25006 10 69.70 (24.57) 309.70 47.60 14.58 7943436 578,381,666.00 9.47 5.41 12.88 - 4.78 13286.72

25007 PRIME FINANCE A 50 201012 29/03/2011 162,450,288 1,624,502,880 80% 25007 10 99.00 (21.80) 478.90 74.00 16.18 448106 48,497,123.00 19.13 10.63 9.32 - 6.12 16082.58

25008 PREMIER LEASING A 250 201012 26/5/2011 104,185,640 1,041,856,400 20% 100% 25008 10 33.50 (95.30) 1,212.00 25.80 11.21 925319 77,413,448.00 31.53 1.31 25.50 - 2.99 3490.22

25009 ISLAMIC FINANCE & INVESTMENT A 100 201012 19/5/2011 69,328,240 693,282,400 16% 50% 25009 10 34.70 (92.44) 985.00 28.00 13.51 199108 17,120,140.50 20.91 1.79 19.42 - 2.57 2405.69

25010 LANKA BANGLA FINANCE A 500 201012 27/03/2011 82,351,500 823,515,000 55% 25010 10 170.50 (11.01) 514.00 122.30 18.35 902926 145,919,680.00 7.59 4.89 34.83 - 9.29 14040.93

25011 BD INDUSTRIAL FINANCE CO. A 500 201012 12/5/2011 55,345,260 553,452,600 25% 25011 10 44.50 (91.99) 1,187.00 33.70 15.72 97422 17,207,810.00 46.58 3.73 11.94 - 2.83 2462.86

25012INDUSTRIAL PROMOTION AND DEVELOPMENT CO.OF BD. LTD

A 500 201012 14/06/2011 94,853,860 948,538,600 10% 25012 10 31.20 (92.04) 715.00 22.90 10.28 317218 26,240,127.50 15.41 1.40 22.27 - 3.03 2959.44

25013 UNION CAPITAL LTD A 500 201012 25/04/2011 95,159,592 951,595,920 75% 25013 10 61.00 (22.78) 259.00 44.00 18.90 2157055 139,736,181.00 10.50 6.00 10.17 - 3.23 5804.74

25014BANGLADESH FINANCE & INVESTMENT COMPANY

A 100 201012 21/06/2011 53,730,752 537,307,520 22% 25014 10 62.50 (28.57) 255.90 44.00 16.59 1593748 107,500,496.40 5.59 4.58 13.64 - 3.77 3358.17

25015INTERNATIONAL LEASING & FINANCIAL SERVICES

A 500 201012 30/03/2011 162,932,000 1,629,320,000 60% 100% 25015 10 46.50 (92.12) 2,670.00 35.30 13.34 515770 60,494,017.50 42.12 2.11 22.08 - 3.49 7576.34

25016 PHOENIX FINANCE & INVESTMENTS A 100 201012 16/06/2011 70,801,070 708,010,700 35% 20% 25016 10 70.40 (92.40) 2,448.00 56.00 14.51 90270 10,384,030.00 45.60 3.29 21.37 - 4.85 4984.40



PORTFOLIO


DateIssued Share

Issued Capital Tk.

Capital ChangeScrip

IDFace Value

Closing Price

Price Change

Price - 2011

Book Value/Share

Tk





BANKING BANKING

22025 EASTERN BANK LIMITED A 200 201012 30/03/2011 452,725,767 4,527,257,670 55% 22025 10 66.30 12.76 128.50 44.10 25.83 3090103 199,756,545.40 8.50 5.55 11.94 - 2.57 30015.72

22026 EXPORT IMPORT BANK OF BD. LTD. A 100 201012 9/6/2011 922,356,286 9,223,562,860 35% 50% 22026 10 28.00 (6.67) 66.00 21.20 16.09 10474111 300,312,829.30 5.33 3.75 7.47 - 1.74 25825.98

22027 SOCIAL ISLAMI BANK A 250 201009 28/04/2011 639,392,570 6,393,925,700 14% 100% 22027 10 26.40 3.12 53.20 19.90 12.04 26103508 673,810,420.60 2.14 1.00 26.37 - 2.19 16879.96

22028 JAMUNA BANK A 250 201012 19/5/2011 364,840,376 3,648,403,760 22% 33.33% 22028 10 34.50 3.29 167.00 25.60 21.45 3793423 127,325,560.70 4.78 2.92 11.81 - 1.61 12586.99

22029 BRAC BANK A 500 201012 24/03/2011 321,235,200 3,212,352,000 20% 22029 10 46.00 (90.35) 885.00 35.00 12.08 600251 63,999,317.50 60.39 4.28 1.00 10.76 2.17 3.81 14776.82

22030 SHAHJALAL ISLAMI BANK A 50 201012 9/5/2011 445,265,535 4,452,655,350 30% 22030 10 32.70 (5.76) 82.00 25.10 15.44 5443748 178,848,535.70 6.05 4.65 7.03 - 2.12 14560.18

22031 PREMIER BANK A 250 201012 6/4/2011 381,861,109 3,818,611,090 31% 22031 10 30.90 (11.46) 66.20 23.00 18.77 5888324 190,099,806.90 6.03 4.59 6.74 - 1.65 11799.51

22032 TRUST BANK A 500 201006 7/6/2011 266,112,740 2,661,127,400 20% 22032 10 42.80 (90.80) 765.00 31.40 20.62 513006 42,495,453.50 58.37 4.86 8.80 - 2.08 11389.63

22033 FIRST SECURITY ISLAMI BANK A 100 201012 30/7/2011 340,032,000 3,400,320,000 12% 20% 22033 10 26.50 (2.21) 41.00 20.00 14.04 8516809 226,862,179.30 2.33 1.61 16.43 - 1.89 9010.85

29 14,324,881,918 143,248,819,180 29 659247.02

CERAMICS CERAMICS

23001 MONNO CERAMIC A 100 201106 29/09/2011 23,928,020 239,280,200 25% 23001 10 62.90 (90.29) 1,179.75 44.90 16.26 61760 9,223,851.25 18.64 1.26 49.84 - 3.87 1505.07

23003 STANDARD CERAMIC B 500 201106 27/12/2011 6,460,650 64,606,500 23003 10 38.00 (91.91) 682.00 31.20 16.12 9630 984,782.50 6.21 0.62 0.50 61.22 1.32 2.36 245.50

23004 FU-WANG CERAMIC IND. A 500 201106 26/12/2011 69,927,594 699,275,940 10% 50% 23004 10 42.00 (89.70) 590.00 32.70 12.55 1745062 221,463,735.00 10.74 0.97 43.50 - 3.35 2936.96

23005 SHINEPUKUR CERAMICS A 100 201012 2/7/2011 111,127,453 1,111,274,530 15% 23005 10 41.40 (21.14) 113.90 29.10 13.70 4280009 186,111,598.00 2.62 2.28 18.17 - 3.02 4600.68

23006 RAK CERAMICS A 200 201012 20/03/2011 253,050,850 2,530,508,500 23006 10 78.60 (18.21) 188.00 60.50 15.02 1908120 154,106,202.00 3.36 2.40 1.50 1.91 5.23 19889.80

5 464,494,567 4,644,945,670 5 29178.01

INFORMATION COMMUNICATION & TECHNOLOGY INFORMATION COMMUNICATION & TECHNOLOGY

24003 INFORMATION SERVICES NETWORK LTD A 500 201012 28/06/2011 9,904,766 99,047,660 10% 24003 10 31.40 (1.26) 42.20 19.80 12.00 203410 5,927,500.00 1.05 0.96 32.73 - 2.62 311.01

24004 BDCOM ONLINE LIMITED A 500 201106 22/12/2011 27,553,680 275,536,800 5% 24004 10 26.10 (19.44) 52.80 18.70 11.31 1409125 38,286,412.00 0.51 1.02 25.55 - 2.31 719.15

24005 INTECH ONLINE LIMITED A 500 201012 30/06/2011 15,927,943 159,279,430 10% 24005 10 29.10 20.75 38.00 16.80 10.95 2499115 71,012,179.00 0.96 0.87 33.32 - 2.66 463.50

24006 AGNI SYSTEMS LIMITED A 500 201106 22/12/2011 42,809,077 428,090,770 50% 24006 10 35.00 (18.60) 60.40 25.50 11.19 1730435 62,400,695.00 1.26 0.95 0.50 36.73 1.43 3.13 1498.32

24007 DAFFODIL COMPUTERS LIMITED A 500 201106 29/12/2011 49,912,262 499,122,620 4% 100% 24007 10 21.90 (14.45) 40.00 17.90 11.58 3739159 83,412,137.00 0.94 0.68 0.60 32.06 2.74 1.89 1093.08

5 146,107,728 1,461,077,280 5 4085.06


25001 I.C.B. A 50 201106 22/10/2011 33,750,000 3,375,000,000 35% 25001 100 1,574.50 (39.90) 4,218.00 1,478.00 915.72 150 278,850.00 152.84 151.12 15.00 10.42 0.95 1.72 53139.38

25002 IDLC FINANCE LTD. A 200 201012 31/03/2011 99,000,000 990,000,000 65% 25002 10 139.10 (92.87) 4,825.00 103.60 29.96 116928 47,360,269.25 134.26 8.14 3.50 17.09 2.52 4.64 13770.90

25003 UTTARA FINANCE A 50 201012 30/5/2011 73,920,000 739,200,000 40% 33.33% 25003 10 113.80 (28.38) 399.00 85.60 30.18 205637 25,531,875.00 16.02 11.44 9.94 - 3.77 8412.10

25004 FIRST LEASE INTERNATIONAL LIMITED A 250 201012 21/04/2011 50,311,800 503,118,000 25% 25004 10 77.20 (92.24) 1,598.25 60.00 22.99 79782 10,534,542.50 34.45 7.00 11.03 - 3.36 3884.07

25005 MIDAS FINANCING LIMITED A 100 201106 8/12/2011 60,134,330 601,343,300 10% 25005 10 63.50 (93.49) 1,885.00 47.00 12.94 94520 10,782,570.00 12.14 1.10 57.53 - 4.91 3818.53

25006 PEOPLES LEASING A 100 201012 2/5/2011 190,627,330 1,906,273,300 75% 25006 10 69.70 (24.57) 309.70 47.60 14.58 7943436 578,381,666.00 9.47 5.41 12.88 - 4.78 13286.72

25007 PRIME FINANCE A 50 201012 29/03/2011 162,450,288 1,624,502,880 80% 25007 10 99.00 (21.80) 478.90 74.00 16.18 448106 48,497,123.00 19.13 10.63 9.32 - 6.12 16082.58

25008 PREMIER LEASING A 250 201012 26/5/2011 104,185,640 1,041,856,400 20% 100% 25008 10 33.50 (95.30) 1,212.00 25.80 11.21 925319 77,413,448.00 31.53 1.31 25.50 - 2.99 3490.22

25009 ISLAMIC FINANCE & INVESTMENT A 100 201012 19/5/2011 69,328,240 693,282,400 16% 50% 25009 10 34.70 (92.44) 985.00 28.00 13.51 199108 17,120,140.50 20.91 1.79 19.42 - 2.57 2405.69

25010 LANKA BANGLA FINANCE A 500 201012 27/03/2011 82,351,500 823,515,000 55% 25010 10 170.50 (11.01) 514.00 122.30 18.35 902926 145,919,680.00 7.59 4.89 34.83 - 9.29 14040.93

25011 BD INDUSTRIAL FINANCE CO. A 500 201012 12/5/2011 55,345,260 553,452,600 25% 25011 10 44.50 (91.99) 1,187.00 33.70 15.72 97422 17,207,810.00 46.58 3.73 11.94 - 2.83 2462.86


A 500 201012 14/06/2011 94,853,860 948,538,600 10% 25012 10 31.20 (92.04) 715.00 22.90 10.28 317218 26,240,127.50 15.41 1.40 22.27 - 3.03 2959.44

25013 UNION CAPITAL LTD A 500 201012 25/04/2011 95,159,592 951,595,920 75% 25013 10 61.00 (22.78) 259.00 44.00 18.90 2157055 139,736,181.00 10.50 6.00 10.17 - 3.23 5804.74


A 100 201012 21/06/2011 53,730,752 537,307,520 22% 25014 10 62.50 (28.57) 255.90 44.00 16.59 1593748 107,500,496.40 5.59 4.58 13.64 - 3.77 3358.17


A 500 201012 30/03/2011 162,932,000 1,629,320,000 60% 100% 25015 10 46.50 (92.12) 2,670.00 35.30 13.34 515770 60,494,017.50 42.12 2.11 22.08 - 3.49 7576.34

25016 PHOENIX FINANCE & INVESTMENTS A 100 201012 16/06/2011 70,801,070 708,010,700 35% 20% 25016 10 70.40 (92.40) 2,448.00 56.00 14.51 90270 10,384,030.00 45.60 3.29 21.37 - 4.85 4984.40




PORTFOLIO




DateIssued Share

Issued Capital Tk.

Capital ChangeScrip

IDFace Value

Closing Price

Price Change

Price - 2011

Book Value/Share

Tk






25017 FIDELITY ASSETS A 500 201012 16/06/2011 51,664,380 516,643,800 15% 25017 10 58.00 (89.08) 965.00 38.10 13.86 251045 22,264,027.50 19.85 1.77 32.68 - 4.19 2996.53

25018DELTA BRAC HOUSING FINANCE CORPORATION

A 100 201106 22/11/2011 100,912,500 1,009,125,000 100% 25018 10 88.60 (96.48) 2,722.00 70.60 14.24 33750 7,148,695.00 98.00 4.98 1.00 17.81 1.13 6.22 8940.85

25019 NATIONAL HOUSING A 100 201012 29/06/2011 57,200,000 572,000,000 10% 25019 10 92.20 (91.80) 1,400.00 90.00 17.77 1405 509,977.50 31.16 2.83 1.00 32.55 1.08 5.19 5273.84

25020 BAY LEASING & INVESTMENT A 200 201012 22/06/2011 94,860,000 948,600,000 100% 25020 10 70.10 (92.14) 3,100.00 47.00 19.65 590370 122,632,752.50 112.00 6.48 1.00 10.82 1.43 3.57 6649.69

20 1,763,518,542 20,672,685,420 20 183337.97

TELECOMMUNICATION TELECOMMUNICATION

26001 GRAMEENPHONE A 200 201012 19/04/2011 1,350,300,022 13,503,000,220 26001 10 164.00 0.31 257.00 136.50 29.75 6040389 957,660,190.00 7.93 7.93 8.50 20.69 5.18 5.51 221449.20

1 1,350,300,022 13,503,000,220 1 221449.20

MISCELLANEOUS MISCELLANEOUS

32001 USMANIA GLASS A 50 201106 25/11/2011 8,190,000 81,900,000 20% 32001 10 128.00 (91.24) 1,880.00 87.00 21.16 4037 1,328,472.50 1.64 11.16 2.10 11.47 1.64 6.05 1048.32

32002 ARAMIT A 50 201012 25/06/2011 6,000,000 60,000,000 32002 10 260.80 (24.41) 529.50 227.10 13.01 2850 836,280.00 9.67 9.67 4.00 26.96 1.53 20.05 1564.80

32003 BEXIMCO A 100 201012 30/06/2011 355,502,289 3,555,022,890 50% 32003 10 113.40 (26.22) 324.00 75.10 49.10 12717842 1,585,651,302.30 40.82 18.65 6.08 - 2.31 40313.96

32004 B.S.C. A 5 201006 19/01/2011 8,274,000 827,400,000 32004 100 557.25 (66.23) 3,235.25 407.00 (35.10) 275665 165,042,973.75 66.71 16.13 10.00 34.56 1.79 -15.88 4610.69

32005 NATIONAL POLYMER A 100 201106 22/11/2011 9,246,000 92,460,000 15% 32005 10 61.00 (92.25) 1,015.00 45.90 19.89 11740 2,633,170.00 25.56 9.89 1.80 6.17 2.95 3.07 564.01

32006 GQ BALL PEN A 50 201012 28/06/2011 5,391,360 53,913,600 20% 32006 10 168.00 (23.64) 284.80 127.00 115.62 43270 8,047,385.00 6.36 5.30 31.69 - 1.45 905.75

32007 IMAM BUTTON A 250 201106 24/11/2011 7,700,000 77,000,000 10% 32007 10 18.00 (95.44) 600.00 15.40 23.74 53055 8,726,150.00 (17.37) (1.74) - - 0.76 138.60

32009 BATBC A 50 201012 10/4/2011 60,000,000 600,000,000 32009 10 619.00 2.31 735.00 528.00 102.93 13150 7,967,070.00 47.98 47.98 43.00 12.90 6.95 6.01 37140.00

32008 DESHBANDHU POLYMER A 500 201106 29/12/2011 46,000,000 460,000,000 15% 32018 10 38.40 (39.81) 96.20 12.00 11.53 5163000 231,498,550.00 1.52 1.288 29.81 - 3.33 1766.40

9 506,303,649 5,807,696,490 9 88052.52

CORPORATE BOND CORPORATE BOND

40001 IBBL MUDARABA PERPETUAL BOND A 5 201012 18/5/2011 3,000,000 3,000,000,000 40001 1,000 993.00 4.53 1,030.00 833.00 1,000.00 3200 3,095,375.00 - 123.50 12.44 0.99 2979.00

40002 ACI 20% CONVERTIBLE ZERO COUPON BOND A 5 1,068,680 1,068,680,000 40002 1,000 834.50 4.71 850.00 711.00 1,000.00 1688 1,360,472.00 - - 0.83 891.81

40003SUBORDINATED 25% CONVERTIBLE BONDS OF BRAC BANK

A 5 3,000,000 3,000,000,000 40003 1,000 1,013.00 (0.69) 1,100.00 501.00 1,000.00 60 60,132.50 - - 1.01 3039.00

3 7,068,680 7,068,680,000 3 6,909.81

241 30696038188 322,129,054,600 241 449,442,849 23,981,054,153.10 1,972,423.44


PORTFOLIO


DateIssued Share

Issued Capital Tk.

Capital ChangeScrip

IDFace Value

Closing Price

Price Change

Price - 2011

Book Value/Share

Tk






25017 FIDELITY ASSETS A 500 201012 16/06/2011 51,664,380 516,643,800 15% 25017 10 58.00 (89.08) 965.00 38.10 13.86 251045 22,264,027.50 19.85 1.77 32.68 - 4.19 2996.53


A 100 201106 22/11/2011 100,912,500 1,009,125,000 100% 25018 10 88.60 (96.48) 2,722.00 70.60 14.24 33750 7,148,695.00 98.00 4.98 1.00 17.81 1.13 6.22 8940.85

25019 NATIONAL HOUSING A 100 201012 29/06/2011 57,200,000 572,000,000 10% 25019 10 92.20 (91.80) 1,400.00 90.00 17.77 1405 509,977.50 31.16 2.83 1.00 32.55 1.08 5.19 5273.84

25020 BAY LEASING & INVESTMENT A 200 201012 22/06/2011 94,860,000 948,600,000 100% 25020 10 70.10 (92.14) 3,100.00 47.00 19.65 590370 122,632,752.50 112.00 6.48 1.00 10.82 1.43 3.57 6649.69

20 1,763,518,542 20,672,685,420 20 183337.97

TELECOMMUNICATION TELECOMMUNICATION

26001 GRAMEENPHONE A 200 201012 19/04/2011 1,350,300,022 13,503,000,220 26001 10 164.00 0.31 257.00 136.50 29.75 6040389 957,660,190.00 7.93 7.93 8.50 20.69 5.18 5.51 221449.20

1 1,350,300,022 13,503,000,220 1 221449.20

MISCELLANEOUS MISCELLANEOUS

32001 USMANIA GLASS A 50 201106 25/11/2011 8,190,000 81,900,000 20% 32001 10 128.00 (91.24) 1,880.00 87.00 21.16 4037 1,328,472.50 1.64 11.16 2.10 11.47 1.64 6.05 1048.32

32002 ARAMIT A 50 201012 25/06/2011 6,000,000 60,000,000 32002 10 260.80 (24.41) 529.50 227.10 13.01 2850 836,280.00 9.67 9.67 4.00 26.96 1.53 20.05 1564.80

32003 BEXIMCO A 100 201012 30/06/2011 355,502,289 3,555,022,890 50% 32003 10 113.40 (26.22) 324.00 75.10 49.10 12717842 1,585,651,302.30 40.82 18.65 6.08 - 2.31 40313.96

32004 B.S.C. A 5 201006 19/01/2011 8,274,000 827,400,000 32004 100 557.25 (66.23) 3,235.25 407.00 (35.10) 275665 165,042,973.75 66.71 16.13 10.00 34.56 1.79 -15.88 4610.69

32005 NATIONAL POLYMER A 100 201106 22/11/2011 9,246,000 92,460,000 15% 32005 10 61.00 (92.25) 1,015.00 45.90 19.89 11740 2,633,170.00 25.56 9.89 1.80 6.17 2.95 3.07 564.01

32006 GQ BALL PEN A 50 201012 28/06/2011 5,391,360 53,913,600 20% 32006 10 168.00 (23.64) 284.80 127.00 115.62 43270 8,047,385.00 6.36 5.30 31.69 - 1.45 905.75

32007 IMAM BUTTON A 250 201106 24/11/2011 7,700,000 77,000,000 10% 32007 10 18.00 (95.44) 600.00 15.40 23.74 53055 8,726,150.00 (17.37) (1.74) - - 0.76 138.60

32009 BATBC A 50 201012 10/4/2011 60,000,000 600,000,000 32009 10 619.00 2.31 735.00 528.00 102.93 13150 7,967,070.00 47.98 47.98 43.00 12.90 6.95 6.01 37140.00

32008 DESHBANDHU POLYMER A 500 201106 29/12/2011 46,000,000 460,000,000 15% 32018 10 38.40 (39.81) 96.20 12.00 11.53 5163000 231,498,550.00 1.52 1.288 29.81 - 3.33 1766.40

9 506,303,649 5,807,696,490 9 88052.52

CORPORATE BOND CORPORATE BOND

40001 IBBL MUDARABA PERPETUAL BOND A 5 201012 18/5/2011 3,000,000 3,000,000,000 40001 1,000 993.00 4.53 1,030.00 833.00 1,000.00 3200 3,095,375.00 - 123.50 12.44 0.99 2979.00

40002 ACI 20% CONVERTIBLE ZERO COUPON BOND A 5 1,068,680 1,068,680,000 40002 1,000 834.50 4.71 850.00 711.00 1,000.00 1688 1,360,472.00 - - 0.83 891.81


A 5 3,000,000 3,000,000,000 40003 1,000 1,013.00 (0.69) 1,100.00 501.00 1,000.00 60 60,132.50 - - 1.01 3039.00

3 7,068,680 7,068,680,000 3 6,909.81

241 30696038188 322,129,054,600 241 449,442,849 23,981,054,153.10 1,972,423.44




PORTFOLIO

Company ID Company Name Asset ManagerExpiry Date of Mutual

FundDate of NAV

NAV per Unit (Market Value BDT)

Closing Price as on 29th

December 2011

% Difference((Cl Price-NAV)/NAV per Unit)

Closing Price to NAV per Unit Ratio

21001 ICB1 ICB 31/12/2011 20 Dec'11 1034.63 1000 -3.35 0.97

21002 ICB2 ICB 31/12/2011 20 Dec'11 230 331.5 44.13 1.44

21003 ICB3 ICB 31/12/2011 20 Dec'11 184.05 254.6 38.33 1.38

21004 ICB4 ICB 31/12/2011 20 Dec'11 185.68 230 23.87 1.24

21005 ICB5 ICB 31/12/2011 20 Dec'11 150.04 155.2 3.44 1.03

21006 ICB6 ICB 31/12/2011 20 Dec'11 50.26 50.6 0.68 1.01

21007 ICB7 ICB 31/12/2011 20 Dec'11 86.09 107.9 25.33 1.25

21008 ICB8 ICB 31/12/2011 20 Dec'11 64.17 56 -12.73 0.87

21009 1st BSRS Mutual Fund Bangladeh Development Bank 31/12/2011 22 Dec '11 135.97 93 -31.60 0.68

21010Aims First Guaranteed Mutual Fund

Asset & Investment Management Services of Bangladesh Ltd

30/06/2015 22 Dec '11 42.55 39.7 -6.70 0.93

21011 ICB AMCL First Mutual Fund ICB 01/10/2013 20 Dec'11 47.31 43.5 -8.05 0.92

21012ICB AMCL Islamic Mutual Fund

ICB 05/01/2015 20 Dec'11 22.7 24.3 7.05 1.07

21013 Grameen Mutual Fund OneAsset & Investment Management Services of Bangladesh Ltd

04/09/2015 22 Dec '11 31.14 49.1 57.68 1.58

21014ICB AMCL First NRB Mutual Fund

ICB 28/03/2017 20 Dec'11 32.62 31.7 -2.82 0.97

21015ICB AMCL Second NRB Mutual Fund

ICB 27/07/2018 20 Dec'11 14.72 13.8 -6.25 0.94

21016Grameen Mutual Fund One: Scheme Two


02/09/2023 22 Dec '11 15.61 17.2 10.19 1.10

21017Prime Finance First Mutual Fund

ICB 17/03/2016 20 Dec'11 15.21 22.1 45.30 1.45

21018 EBL First Mutual Fund Race Management PCL 19/08/2019 22 Dec '11 11.55 10.3 -10.82 0.89

21019ICB AMCL Second Mutual Fund

ICB 28/10/2019 20 Dec'11 9.02 9 -0.22 1.00

21020ICB Employees Provident Mutual Fund One:Scheme One

ICB 18/01/2020 20 Dec'11 8.15 8.7 6.75 1.07

21021 Trust Bank 1st Mutual Fund Race Management PCL 27/01/2020 22 Dec '11 11.19 8.9 -20.46 0.80

21022Prime Bank 1st ICB AMCL Mutual Fund

ICB 02/02/2020 20 Dec'11 8.13 8.7 7.01 1.07

21023 DBH First Mutual Fund LR Global Bangladesh Asset Management

07/02/2020 22 Dec '11 9.43 8.3 -11.98 0.88

21024 IFIC Bank 1st Mutual Fund Race Management PCL 01/04/2020 22 Dec '11 10.91 8.2 -24.84 0.75

NAV of Mutual Funds



PORTFOLIO

Company ID Company Name Asset ManagerExpiry Date of Mutual

FundDate of NAV

NAV per Unit (Market Value BDT)

Closing Price as on 29th

December 2011

% Difference((Cl Price-NAV)/NAV per Unit)

Closing Price to NAV per Unit Ratio

21025Phoenix Finance 1st Mutual Fund

ICB Asset Management Co. Ltd. 09/05/2020 20 Dec'11 7.85 7.3 -7.01 0.93

21026ICB AMCL Third NRB Mutual Fund

ICB Asset Management Co. Ltd. 24/05/2010 20 Dec'11 7.35 7.8 6.12 1.06

21027First Janata Bank Mutual Fund

Race Management PCL 20/09/2020 22 Dec '11 8.77 8.8 0.34 1.00

21028 Green Delta Mutual Fund LR Global Bangladesh Asset Management

28/09/2020 22 Dec '11 8.81 6.9 -21.68 0.78

21029Popular Life First Mutual Fund

ICB Asset Management Co. Ltd. 19/10/2020 22 Dec '11 9.51 6.9 -27.44 0.73

21030 IFIL Islamic Mutual Fund ICB Asset Management Co. Ltd. 22/11/2020 20 Dec'11 7.69 6.5 -15.47 0.85

21031 PHP First Mutual Fund Race Management PCL 29/11/2020 22 Dec '11 8.97 6.9 -23.08 0.77

21032 AIBL 1st Islamic Mutual FundLR Global Bangladesh Asset Management

10/01/2021 22 Dec '11 9.27 7.7 -16.94 0.83

21033 MBL 1st Mutual Fund LR Global Bangladesh Asset Management

08/02/2021 22 Dec '11 9.15 8 -12.57 0.87

21034Southeast Bank 1st Mutual Fund

VIPB Asset Management Company Ltd

23/05/2021 22 Dec '11 11.07 8.5 -23.22 0.77

21035 EBL NRB Mutual Fund Race Management PCL 23/05/2021 22 Dec '11 10.39 7.9 -23.97 0.76

21036"Reliance One" the first scheme of Reliance Insurance Mutual Fund


07/07/2021 15 Dec'11 10.62 10 -5.84 0.94

21037LR Global Bangladesh Mutual Fund One

LR Global Bangladesh Asset Management

19/09/2021 22 Dec '11 10.18 9.4 -7.66 0.92

Unit Fund

ICB AMCL Unit Fund 20 Dec'11 267.36

ICB AMCL Pension Holders' Unit Fund 20 Dec'11 240.46

NAV of Mutual Funds



PORTFOLIO

Rank this Quarter Rank last Quarter Member Code Member Companies

1 1 91 LANKA BANGLA SECURITIES LTD.

2 9 25 SYLHET METROCITY SECURITIES LTD.

3 4 96 INTERNATIONAL SECURITIES CO. LTD

4 3 56 KABIR SECURITIES LTD.

5 5 76 SOHEL SECURITIES LTD.

6 6 22 SALTA CAPITAL LIMITED

7 2 27 BE RICH LTD.

8 12 19 NORTH WEST SECURITIES LTD.

9 7 38 SR CAPITAL LTD.

10 19 62 PRUDENTIAL CAPITAL LTD.

11 10 84 SKYS SECURITIES LTD.

12 11 33 SYLNET SECURITIES LTD.

13 8 3 MEENHAR SECURITIES LTD.

14 17 103 MONA FINANCIAL CONSULTANCY & SECURITIES LTD.

15 13 5 ISLAND SECURITIES LTD.

16 14 122 FIRSTLEAD SECURITIES LIMITED

17 16 6 CHITTAGONG CAPITAL LTD.

18 - 37 HILLCITY SECURITIES LTD.

19 15 63 ASSOCIATED CAPITAL SECURITIES LTD.

20 20 104 JALALABAD SECURITIES LTD

Most Active CSE Members : October to December 2011

Real Sl. 9/29/2011 12/29/2011 Change Change%

1 LIFE INSURANCE 129201.39 102218.47 (26,982.92) (20.88)

2 GENERAL INSURANCE 13641.38 11675.85 (1,965.53) (14.41)

3 TEXTILES & CLOTHING 5123.17 4131.89 (991.28) (19.35)

4 PHARMA & CHEMICALS 18379.7 15856.20 (2,523.50) (13.73)

5 FOODS & ALLIED 7140.86 7660.66 519.80 7.28

6 CEMENT 4563.19 3446.34 (1,116.85) (24.48)

7 ENG. & ELECTRICAL 7669 6429.12 (1,239.88) (16.17)

8 LEATHER & FOOTWEAR 4504.97 4317.03 (187.94) (4.17)

9 SERVICES & PROPERTY 4183.51 3305.39 (878.12) (20.99)

10 PAPERS & PRINTING 2018.28 1783.97 (234.31) (11.61)

11 ENERGY 10735.61 8738.66 (1,996.95) (18.60)

12 MUTUAL FUNDS 6692.5 5526.33 (1,166.17) (17.43)

13 BANK 59902.75 59775.75 (127.00) (0.21)

14 CERAMIC 865.68 729.80 (135.88) (15.70)

15 ICT 8763.56 8221.34 (542.22) (6.19)

16 LEASING & FINANCE 40326.22 28801.83 (11,524.39) (28.58)

17 TELECOMMUNICATION 986.72 989.74 3.02 0.31

18 MISCELLANEOUS 8347.59 6858.11 (1,489.48) (17.84)

Sectoral Index



PORTFOLIO

Sl. Sector PE Ratio Sep '11 Dec '11 Change %Cash Dividend

Yield Sep '11Dec '11 Change %

1 LIFE INSURANCE 0.16 0.21 31.25

2 GENERAL INSURANCE 22.28 19.46 (12.66) 1.16 1.33 14.66

3 TEXTILES & CLOTHING 30.17 24.45 (18.96) 0.66 0.56 (15.15)

4 PHARMA & CHEMICALS 28.31 23.82 (15.86) 1.17 1.37 17.09

5 FOODS & ALLIED 30.33 35.06 15.60 0.46 0.58 26.09

6 CEMENT 20.72 21.46 3.57 0.49 0.85 73.47

7 ENG. & ELECTRICAL 33.54 26.72 (20.33) 2.61 3.01 15.33

8 LEATHER & FOOTWEAR 16.4 15.78 (3.78) 2.99 5.27 76.25

9 SERVICES & PROPERTY 18.47 14.51 (21.44) 1.3 1.28 (1.54)

10 PAPERS & PRINTING 45.31 45.72 0.90 1.24 1.38 11.29

11 ENERGY 17.94 14.31 (20.23) 1.31 3.17 141.98

12 MUTUAL FUNDS 24.63 8.50 (65.49) 0.9 1.45 61.11

13 BANK 11.78 11.37 (3.48) 0.52 0.48 (7.69)

14 CERAMIC 31.46 30.35 (3.53) 1.11 1.31 18.02

15 ICT 44.93 32.31 (28.09) 0.94 1.26 34.04

16 LEASING & FINANCE 19.92 13.39 (32.78) 0.39 0.6 53.85

17 TELECOMMUNICATION 20.62 20.69 0.34 5.2 5.17 (0.58)

18 MISCELLANEOUS 10.16 8.82 (13.19) 2.6 3.08 18.46


New Listing October-December 2011

Rangpur Dairy & Food Products Ltd

Sector Food & Allied

Category N

Scrip ID 14023

Scrip Code RDFOOD

Type of Scrip Equity

Listing Date 28/11/2011

Number of Issued Shares 40,000,000

Face Value 10

Market Lot 200

Tick Price 0.10

Zahintex Industries Limited

Sector Textile & Clothing

Category N

Scrip ID 12040

Scrip Code ZAHINTEX

Type of Scrip Equity

Listing Date 28/11/2011

Number of Issued Shares 45,000,000

Face Value 10

Market Lot 500

Tick Price 0.10



PORTFOLIO

GBB Power Limited

Date of Publication of Prospectus 1-Nov-11Suscription Open 18th December 2011Subscription Close 22th December 2011NRB 31st December 2011Face Value per Share Tk. 10Offer Price per Share Tk. 40 (including premium of tk 30 per share)Market Lot 200Category NNAV per Share on 31.12.2010 Tk. 22.52EPS on 31.12.2010 Tk. 2.83Pre-IPO Paid-up Capital in amount 304,990,000 IPO Size in Shares 20,500,000 IPO Size in Taka 820,000,000Post IPO Paid-up Capital in amount 509,990,000Manager to the Issue IDLC Investment LimitedWebsite www.power.gbb.com.bd

GSP Finance Company(Bangladesh) Limited

Date of Publication of Prospectus 29th November 2011Suscription Open 8th January 2012Subscription Close 12th January 2012NRB 21st January 2012Face Value per Share Tk. 10Offer Price per Share Tk. 25 (including premium of Tk. 15 per share)Market Lot 500Category NNAV per Share on 31.12.2010 Tk. 32.78EPS on 31.12.2010 Tk. 3.51Pre-IPO Paid-up Capital in amount 276,460,000 IPO Size in Shares 20,000,000 IPO Size in Taka 500,000,000Post IPO Paid-up Capital in amount 476,460,000Manager to the Issue ICB Capital Management LimitedWebsite www.gspfinanceco.com

Padma Islami Life Insurance Limited

Date of Publication of Prospectus 1st December 2011Suscription Open 22th January 2012Subscription Close 26th January 2012NRB 4th February 2012Face Value per Share Tk. 10Offer Price per Share Tk. 10Market Lot 500Category NNAV per Share on 31.12.2010 Tk. 36.26EPS on 31.12.2010 Tk. 2.72Pre-IPO Paid-up Capital in amount 180,000,000 IPO Size in Shares 12,000,000 IPO Size in Taka 120,000,000Post IPO Paid-up Capital in amount 300,000,000Manager to the Issue Union Capital LimitedWebsite www.padmalife.com

NLI FIRST MUTUAL FUND

Date of Publication of Prospectus 28th October 2011Suscription Open 11th December 2011Subscription Close 15th December 2011

IPOs in the Market Oct-Dec 2011



PORTFOLIO

NLI FIRST MUTUAL FUND

NRB 24th December 2011Face Value per Share Tk. 10Offer Price per Share Tk. 10Market Lot 500Category ASponsor's Share Units 10,000,000 Pre IPO Placement Share Units 10,000,000 Public Offer Share 30,000,000 Size of Fund in Units 50,000,000 Size of Fund in amount 500,000,000Manager to the Issue VIPB Asset Management Company Limited (VIPB AMCL)Website www.vipbamc.com

GPH Ispat Ltd

Date of Publication of Prospectus 13th December 2011Suscription Open 2nd February 2012Subscription Close 9th February 2012NRB 18th February 2012Face Value per Share Tk.10Offer Price per Share Tk. 30 (including premium of Tk. 20 per share)Market Lot 500Category NNAV per Share on 30.04.2011 Tk. 12.23EPS on 30.04.2011 Tk. 3.66Pre-IPO Paid-up Capital in amount 700,000,000 IPO Size in Shares 20,000,000 IPO Size in Taka 600,000,000Post IPO Paid-up Capital in amount 900,000,000Manager to the Issue AAA Consultants & Financial Advisers LtdWebsite www.gphispat.com.bd

Saiham Cotton Mills Limited

Date of Publication of Prospectus 20th December 2011Suscription Open 4th March 2012Subscription Close 8th March 2012NRB 17th March 2012Face Value per Share Tk. 10Offer Price per Share Tk. 20 (including premium of Tk. 10 per share)Market Lot 250Category NNAV per Share on 30.04.2011 Tk. 20.14EPS on 30.04.2011 Tk. 3.39Pre-IPO Paid-up Capital in amount 877,500,000 IPO Size in Shares 47,500,000 IPO Size in Taka 475,000,000Post IPO Paid-up Capital in amount 1,352,500,000Manager to the Issue LankaBangla Investments LimitedWebsite www.saihamcotton.com

IPOs in the Market Oct-Dec 2011



PORTFOLIO

Scrip ID Company Name Half-Year

EndGross/Net Premium

(Tk.)Underwriting Profit (Tk.)

Issued Share Net Profit Tk. EPS Tk.

Basic Diluted

LIFE INSURANCE

10002 NATIONAL LIFE INS. 201106 2,295,686,036 3,163,733,942 1,397,250

10003 SANDHANI LIFE INS. 201106 1,180,420,881 274,060,076 20,688,061

10004 POPULAR LIFE INSURANCE 201106 2,731,791,113 3,108,989,692 900,000

10005 FAREAST ISLAMI LIFE INS. 201106 2,804,791,067 16,611,211,561 1,940,400

10006 MEGHNA LIFE INSURANCE 201106 1,578,515,300 1,578,515,300 23,034,368

10007 PROGRESSIVE LIFE INS. 201006 549,079,414 - 750,000

10008 PRAGATI LIFE INS. 201106 197,784,703 546,607,145 840,000

10009 PRIME ISLAMI LIFE INS. 201106 3,378,881,066 144,920,900 15,795,000

10010 RUPALI LIFE INS. 201106 222,799,000 57,859,000 750,000

GENERAL INSURANCE

11001 RUPALI INSURANCE 201106 222,799,000 277214000 39,489,624 42,860,000 2.60 1.09

11002 PEOPLES INSURANCE 201106 104,910,720 5,271,393 46,200,000 41,290,000 0.89 0.89

11003 GREEN DELTA INS. 201106 977,117,000 111,760,000 40,824,000 151,510,000 3.71 3.71

11004 RELIANCE INSURANCE 201106 488,184,398 363673139 41,067,000 90,190,000 2.20 2.20

11005 JANATA INSURANCE 201106 107,623,243 77,255,800 2,561,328 10,270,000 12.63 4.01

11006 CENTRAL INSURANCE 201106 70,817,103 114,078,945 22,467,160 30,260,000 1.35 1.35

11007 FEDERAL INSURANCE 201106 132,542,054 14,202,790 37,698,329 13,207,268 1.18 0.35

11010 BGIC 201106 256,335,582 15,632,054 51,454,524 44,983,650 0.98 0.87

11011 PRAGATI INSURANCE 201106 324,376,989 238,798,456 44,780,300 76,401,249 1.71 1.71

11013 PHOENIX INS. 201106 166,328,670 82,175,085 30,736,437 66,275,085 2.16 2.16

11014 EASTERN INS 201106 127,358,890 78,758,626 41,057,280 43,452,637 1.06 1.06

11015 EASTLAND INSURANCE 201106 295,079,172 50,854,324 37,820,430 86,876,558 2.30 2.30

11016PRIME INSURANCE COMPANY LIMITED

201106 75,781,810 94,791,325 26,761,267 29,185,409 1.09 1.09

11017PIONEER INSURANCE COMPANY LIMITED

201006 240,079,489 64,811,541 27,187,500 57,071,573 3.04 2.10

11021 NITOL INSURANCE 201106 155,376,729 139,293,498 18,900,000 26,888,319 1.60 1.42

11022 ASIA PACIFIC GENERAL INS. 201106 104,033,868 39,900,473 42,350,000 45,610,812 1.08 1.08

11024 SONAR BANGLA INS. 201106 162,764,611 20,762,881 20,328,000 17,170,000 0.85 0.84

11027 PARAMAOUNT INSURANCE 201106 64,779,574 11,226,286 18,150,000 7,310,000 0.44 0.40

11028 CITY GENERAL INSURANCE 201106 112,980,540 30,866,374 38,478,000 21,780,000 1.20 0.57

11029 CONTINENTAL INSURANCE 201106 136,751,041 47,627,838 28,495,500 30,180,000 1.06 1.06

11030 Takaful Islami Insurance 201106 104,138,718 35,667,147 19,837,500 25,566,204 1.29 1.29

11031 STANDARD INSURANCE 201106 138,634,708 114,761,652 18,150,000 17,373,056 0.96 0.96

11032 NORTHERN GENERAL INSURANCE 201106 118,220,083 64,780,861 22,218,000 35,730,000 1.61 1.61

11033 REPUBLIC INSURANCE 201106 107,450,545 138,361,686 18,150,000 26,130,000 1.44 1.44

11034 MARCENTILE INSURANCE 201106 119,370,000 39,010,000 34,980,000 35,060,000 1.00 1.00

11035 ASIA INSURANCE 201106 57,843,238 16,057,449 37,125,000 40,370,000 1.09 1.09

11036 ISLAMI INSURANCE 201106 81,068,257 15,471,848 18000000 11,970,000 0.67 0.67

11037 PROVATI INSURANCE 201106 106,960,759 96,199,688 16,800,000 14,795,266 0.88 0.88

11038 DHAKA INSURANCE 201106 97,206,562 19,505,919 30,000,000 91,510,000 3.05 3.05


EndTurnover (Tk.)

Gross Profit (Tk.)


Basic Diluted

TEXTILES

12002 PRIME TEXTILE 201112 588,920,000 97,192,000 38200000 9,777,000 0.26 0.26

12004 APEX Spinning 201012 1,698,827,000 158,551,000 8,400,000 10,705,000 1.27 1.27

12006 DULAMIA COTTON 201112 165,663,000 7,556,600 (58,585,000) (7.75) (7.75)

Half-Yearly Performance



PORTFOLIO


EndTurnover (Tk.)

Gross Profit (Tk.)


Basic Diluted

TEXTILES

12008 BEXIMCO SYNTHETICS 201106 805,750,000 106,934,000 68,547,320 48,883,000 0.71 0.71

12017 ALLTEX IND. 201112 1,022,880,000 155,641,000 48,000,000 (293,000) (0.01) (0.01)

12022 SONARGAON TEXTILE 201106 181,453,000 6,486,000 22915200 5,513,000 0.24 0.24

12023 DELTA SPINNERS LTD. 201112 645,127,000 107,421,000 30,575,200 19,377,000 0.63 0.63

12024 H.R. TEXTILES 201103 925,650,407 117,646,404 22,000,000 20,943,406 1.05 0.95

12025 ANLIMA YARN 201112 119,254,240 24,037,235 17,867,800 8,462,422 0.47 0.47

12030 SIAHAM TEXTILE MILLS LTD. 201112 310,036,262 262,980,670 25,000,000 41,267,045 1.65 1.65

12031 SAFKO SPINING MILLS LTD 201106 203,567,068 12,510,443 18,560,000 10,630,000 0.57 0.57

12032 TALLU SPINNING MILLS LIMITED 201112 703,548,701 122,987,963 21,400,258 25,698,884 1.20 1.20

12033MITHUN KNITTING AND DYEING LIMITED

201112 330,800,498 49,900,960 7,187,500 23,857,415 3.32 3.32

12034 SQUARE TEXTILES LIMITED 201106 4,216,998,000 694,119,000 97,405,993 385,697,000 3.95 3.96

12035 METRO SPINNING LIMITED 201112 309,397,522 (17,146,430) 47,610,000 (74,371,520) (1.80) (1.56)

12036 MAKSONS SPINNING 201106 1,434,485,323 360,828,431 170,430,000 185,024,485 1.09 1.09

12037 Dhaka Dying 201112 553,203,158 221,137,195 58,464,000 94,836,930 1.88 1.62

12038 R. N. SPINNING 201106 139,141,230 605,350,000 4.43 4.35

12039 Malek Spinning Mills Ltd 201112 1,309,506,445 (369,019,868) 176,000,000 (453,458,010) (2.58) (2.58)

21040 Zahintex 201112 1,108,724,578 157,628,707 45,000,000 76,681,521 1.70 1.70

PHARMACEUTICALS

13002 SQUARE PHARMA 201109 9,100,835,817 7,871,981,453 264,834,760 1,751,728,202 6.61 6.61

13003 ACI LTD 201106 3,974,989,000 488,795,000 19,714,756 43,390,000 2.47 2.20

13005 BEXIMCO PHARMA 201106 3,642,293,000 918,260,000 251,767,810 571,240,000 2.72 2.27

13006 RECKIT BENCKISER (BD) LTD. 201106 1,147,637,000 157,301,000 4,725,000 69,547,000 14.72 14.72

13007 AMBEE PHARMA 201106 138,409,000 2,736,000 2,000,000 1,915,000 0.96 0.96

13008 ORION INFUSION 201112 317,138,930 118,325,123 20,359,760 15,143,755 0.74 0.74

13011 KOHINOOR CHEMICAL 201112 1,047,699,156 200,565,243 5,000,000 18,146,597 3.63 3.63

13012 LIBRA INFUSIONS LIMITED 201012 183,007,026 66,271,569 1,251,600 4,399,541 35.15 3.52

13013 IBN SINA PHARMA 201106 796,644,151 314,254,707 12,960,000 21,741,133 20.13 1.68

13017 KEYA COSMETICS LIMITED 201112 1,102,162,275 296,406,624 73,994,494 141,428,427 1.91 1.91

13020 BERGER PAINTS 201106 3,257,758,000 492,560,000 23,188,940 357,922,000 15.44 15.44

13021 ACI FORMULATIONS 201106 1,234,855,000 141,301,000 30,000,000 73,955,000 2.47 2.47

13022 MARICO BANGLADESH 201106 1,720,349,567 228,655,332 31,500,000 211,535,222 6.72 6.72

13023 BEACON PHARMACEUTICALS 201012 329,870,770 185,795,857 231,000,000 78,127,297 0.36 0.34

13024 Active Fine Chemicals Ltd 201106 213,985,002 71,841,266 46,000,000 63,954,668 1.39 1.39

13025 Salvo Chemical Industries Ltd 201106 (2,334,996) 48,255,155 42,105,010 22,990,000 0.67 0.55

FOODS & ALLIED PROCUCTS

14001 APEX FOOD 201112 2,306,105,000 185,089,000 5,702,400 6,962,000 1.22 1.22

14005 AMCL(PRAN) 201112 621,802,000 595,049,000 8,000,000 20,673,000 2.58 2.58

14010 NATIONAL TEA 201106 225,396,345 (49,532,343) 6,600,000 (49,532,343) (7.51) (7.50)

14012 RAHIMA FOOD CORP. LTD 201012 886,628,730 22,066,431 20,000,200 9,533,152 0.48 0.48

14017 FU-WANG FOODS LIMITED 201112 352,820,000 276,947,000 53,433,600 52,389,000 0.98 0.98

14018 BANGAS LIMITED 201112 46,998,232 15,343,696 1,485,000 2,504,479 1.69 1.69

14021 BEACH HATCHERY LIMITED 201106 113,883,225 75,072,491 28,336,000 50,480,289 1.78 1.78

14022 FINE FOODS LIMITED 201112 20,571,510 (2,566,833) 11,622,187 (3,953,114) (0.34) (0.34)

14023 Rongpur Dairy 201106 142,515,723 37,869,136 40,000,000 20,273,630 0.86 0.51

14024 CVO Petro 201112 142,916,000 81,325,224 15,000,000 70,150,841 5.54 4.68




PORTFOLIO


EndTurnover (Tk.)

Gross Profit (Tk.)


Basic Diluted

CEMENT

15001 CONFIDENCE CEMENT 201106 1,165,990,689 172,110,709 37,494,600 139,095,392 3.71 3.71

15002HEIDELBERG CEMENT BANGLADESH LTD

201106 4,649,492,000 596,007,000 56,503,580 480,323,000 8.50 8.50

15003 MEGHNA CEMENT 201106 3,262,696,000 135,604,000 22,500,400 101,388,000 4.51 4.51

15005 ARAMIT CEMENT LIMITED 201106 530,123,098 113,337,093 15,400,000 32,000,676 2.08 2.08

15009 LAFARGE SURMA CEMENT LIMITED 201106 2,354,606,000 (451,882,000) 1,161,373,500 (1,010,601,000) (1.74) (0.87)

15010 M.I. Cement 201112 2,199,410,793 389,824,660 135,000,000 272,676,574 2.02 2.02

ENGINEERING

16001 AZIZ PIPE 201106 209,671,000 860,000 4,850,000 511,000 0.11 0.11

16002 QUASEM DRYCELLS 201112 772,935,960 135,902,111 27,648,000 20,756,742 0.90 0.75

16003 ANWAR GALVANIZING 201112 41,926,267 8,820,196 13,200,000 568,255 0.04 0.04

16004 AFTAB AUTO. 201102 1,551,940,000 427,399,000 68,380,302 801,700,000 14.07 11.72

16005 OLYMPIC INDUSTRIES 201012 1,600,089,038 455,340,042 52,240,875 140,574,011 4.04 2.69

16009 BD. THAI ALLUMINIUM 201106 243,480,205 117,384,999 41,099,060 56,839,039 1.38 1.38

16012 BD. AUTO CARS 201112 44,982,484 7,144,825 3,569,401 436,292 0.13 0.12

16013 BD. LAMPS LTD. 201106 258,144,266 33,894,895 7,208,160 21,751,114 3.00 3.02

16014 KAY & QUE (BD) LTD. 201106 78,738,000 1,249,000 4,902,530 906,000 0.19 0.18

16015 EASTERN CABLES LTD. 201112 448,055,000 77,224,000 24,000,000 16,412,000 0.68 0.68

16016 RANGPUR FOUNDRY LTD.* 201106 350,409,000 19,887,000 10,000,000 13,697,000 1.37 1.37

16017 BD WELDING ELECTRODES LTD 201106 108,507,017 38,292,194 37,076,000 2,810,000 0.13 0.08

16019 SINGER BANGLADESH LIMITED 201106 2,187,410,569 209,556,173 39,267,580 201,435,919 5.13 5.13

16020 S ALAM COLD ROLLED STEELS 201103 1,417,464,901 308,616,188 98,371,100 106,631,408 1.22 1.08

16021 GOLDEN SON 201106 552,142,855 185,035,841 106,190,392 237,074,146 2.23 2.23

16022 BSRM STEELS 201106 16,014,529,703 1,494,076,581 325,500,000 916,854,607 2.82 2.82

16023 NAVANA CNG 201109 635,038,691 262,153,624 49,658,400 124,156,131 2.52 2.50

LEATHER & FOOTWEAR

17001 APEX TANNERY 201112 1,463,623,000 121,997,000 15,240,000 52,604,000 3.45 3.45

17002 APEX FOOTWEAR 201106 3,963,366,000 502,840,000 11,250,000 76,055,000 6.75 6.76

17007 SAMATA LEATHER COMPLEX 201012 13,115,000 (114,000) 10,320,000 (114,000) (0.11) (0.01)

17008 LEGACY FOOTWEAR LIMITED 201106 59,991,110 13,105,925 7,975,000 2,247,261 0.31 0.28

17009 BATA SHOE COMPANY LTD. 201106 2,766,415,370 302,726,999 13,680,000 201,853,584 14.76 14.76

SERVICES & PROPERTIES

18002 EASTERN HOUSING 201101 682,231,000 181,994,000 65,159,640 50,560,000 0.82 0.78

18004 SAMORITA HOSPITAL LTD. 201112 108,016,000 68,817,000 8,804,400 13,297,000 17.52 1.51

18005 SUMMIT ALLIANCE PORT 201106 378,047,051 151,335,822 120,864,500 116,048,434 0.85 0.96

18006 Ocean Containers 201106 177,876,845 67,573,723 32,725,000 49,533,293 1.51 1.51

18007 United Airways 201112 1,352,650,050 514,439,962 441,000,000 185,790,914 0.81 0.42

PAPERS & PRINTING

19006 SINOBANGLA INDUSTRIES 201104 468,431,000 74,544,000 19,996,600 13,410,000 1.34 0.67

19008 MIRACLE INDUSTRIES LTD. 201112 273,808,000 25,003,000 21905296 (12,828,000) (0.59) (0.59)

19009HAKKANI PULP & PAPER MILLS LIMITED

201112 112,109,000 18,133,000 19,000,000 7,492,000 0.39 0.39

OIL & FUEL

20002 PADMA OIL 201012 804,608,000 832,491,000 29,400,000 403,033,000 13.71 13.71

20004 SUMMIT POWER 201106 2,165,456,386 1,108,893,330 394,360,164 847,420,000 2.15 2.15

20005DHAKA ELECTRIC SUPPLY COMPANY

201112 7,466,306,281 7,548,693,512 260,276,962 405,686,588 1.95 1.56




PORTFOLIO


EndTurnover (Tk.)

Gross Profit (Tk.)


Basic Diluted

OIL & FUEL

20006 POWER GRID COMPANY 201112 3,558,146,306 1,470,210,184 419,011,810 628,981,973 1.50 1.50

20007 JAMUNA OIL 201112 774,016,560 1,232,777,160 70,200,000 881,281,572 16.32 12.55

20008 MEGHNA PETROLEUM 201112 458,480,604 236,170,666 48,510,000 428,239,037 8.83 8.83

20009 TITAS GAS 201112 33715475820 4597250349 942116030 4,036,479,325 4.28 4.28

20010 Khulna Power 201106 5,294,950,815 392,109,913 287,858,340 162,910,000 0.91 0.57

20011 Barakatullah 201112 393,754,412 208,202,171 103,200,000 111,040,377 1.08 1.08

20012 MJL Bangladesh Ltd 201106 2,942,159,880 650,509,157 207,368,000 598,261,566 2.89 2.89

20013 Linde Bangladesh 201106 1,856,177,000 759,054,000 15,218,280 357,975,000 23.52 23.52

MUTUAL FUNDS

21001 1ST ICB MF 201112 2,840,010 750,000 11,227,673 14.97 14.97

21002 2ND ICB MF 201112 1,224,245 500,000 7,135,259 14.27 14.27

21003 3RD ICB MF 201112 1,560,900 1,000,000 10,068,601 10.07 10.07

21004 4TH ICB MF 201112 1,668,900 1,000,000 11,280,923 11.28 11.28

21005 5TH ICB MF 201112 3,691,695 1,500,000 15,380,569 10.25 10.25

21006 6TH ICB MF 201112 4,275,243 5,000,000 20,006,822 4.00 4.00

21007 7TH ICB MF 201112 3,904,225 3,000,000 17,922,576 5.97 5.97

21008 8TH ICB MF 201112 4,536,690 5,000,000 27,400,095 5.48 5.48

21009 1ST BSRS MF 201112 11,871,956 5,000,000 10,900,000 2.18 2.18

21010AIMS FIRST GUARANTEED MUTUAL FUND

201112 58,795,474 41,450,000 42,376,341 1.02 1.02

21011 ICB AMCL First Mutual Fund 201112 28,426,586 10,000,000 27,937,731 2.79 2.79

21012 ICB AMCL ISLAMIC MUTUAL FUND 201112 9,054,886 10,000,000 7,526,904 0.75 0.75

21013 GRAMEEN MUTUAL FUND 201112 23,851,673 25,500,000 17,655,607 0.69 0.69

21014ICB AMCL FIRST NRB MUTUAL FUND

201112 17,899,797 10,000,000 16,894,770 1.69 1.69

21015 ICB AMCL 2ND NRB MUTUAL FUND 201112 130,038,044 100,000,000 131,421,715 1.31 1.31

21016 GRAMEEN ONE : SCHEME TWO 201112 59,273,255 137500000 48386233 0.35 0.35

21017 PRIME FINANCE 1ST MF 201106 23,235,957 20000000 15,192,895 0.76 0.76

21019 ICB AMCL 2ND MUTUAL FUND 201112 27,374,632 50,000,000 25,291,269 0.51 0.51

21020 ICB Empolees PF Mutual Fund 201112 24,150,372 75,000,000 23,219,584 0.31 0.31

21021 Trust Bank 1st MF 201112 59,880,568 200,000,000 102,341,004 0.51 0.51

21022 Prime Bank 1st ICB AMCL MF 201112 26,502,725 100,000,000 23,336,318 0.23 0.23

21023 DBH First MF 201112 (27,624,234) 120,000,000 (159,757,394) (1.33) (1.33)

21024 IFIC 1st MF 201112 20,210,449 120,000,000 42,689,532 0.36 0.36

21025 Phoenix Finance 1st MF 201112 23,769,699 60,000,000 22,781,382 0.38 0.38

21026 ICB AMCL 3rd NRB MF 201112 24,112,696 100,000,000 22,053,477 0.22 0.22

21027 First Janata 201112 5,862,685 200,000,000 55,619,103 0.28 0.28

21028 Green Delta Mutual Fund 201112 (41,250,234) 150,000,000 (204,740,946) (1.36) (1.36)

21029 Popular Life 201112 5,539,367 200,000,000 52,274,809 0.26 0.26

21030 IFIL 201112 7,735,133 100,000,000 10,451,718 0.10 0.10

21031 PHP 201112 4,987,372 200,000,000 40,627,087 0.20 0.20

21032 AIBL1st Islamic Mutual Fund 201106 18,327,011 100,000,000 5,518,446 0.06 0.06

21033 MBL 1st Mutual Fund 201106 232,619 100,000,000 (11,713,978) (0.12) (0.12)

21034 South East 201112 102,225,312 90,713,000 98,181,156 1.08 1.08

21035 EBL 1st MF 201112 4,648,878 150,000,000 48,002,255 0.32 0.32

21036 Reliance 201112 42,513,926 55,000,000 31,502,652 0.57 0.57




PORTFOLIO


EndTurnover (Tk.)

Gross Profit (Tk.)


Basic Diluted

BANKING

22002 AB BANK 201106 4,165,017,824 2,485,719,796 368,611,390 943,605,824 2.56 2.56

22003 NATIONAL BANK 201106 6,292,253,442 4,877,055,610 860,365,603 3,222,254,457 3.75 3.75

22004 U.C.B.L. 201106 4,288,015,901 2,697,210,310 727,488,375 874,467,287 1.29 1.20

22005 RUPALI BANK 201106 2,780,722,255 1,688,803,982 137,500,000 675,475,038 4.91 4.91

22006 CITY BANK 201106 3,501,190,023 1,946,476,081 505,511,130 1,040,510,000 2.04 2.06

22007 PUBALI BANK 201106 4,315,035,881 2,663,886,065 670,761,000 1,193,692,512 1.78 1.78

22008 ISLAMI BANK 201106 9,798,425,392 6,664,167,537 1,000,771,200 3,510,426,334 3.51 3.51

22010 IFIC BANK LTD. 201106 3,073,048,589 1,648,077,119 276,837,900 654,460,000 2.36 2.36

22012 AL-ARAFAH ISLAMI BANK LTD 201106 2,617,666,252 1,914,498,995 589,337,199 1,107,769,934 1.69 1.88

22013 PRIME BANK LIMITED 201106 5,280,391,846 3,315,517,142 779,809,558 1,425,517,142 1.83 1.83

22014 DHAKA BANK LIMITED 201106 2,828,989,370 1,953,165,930 359,045,703 892,887,191 2.49 2.49

22015 SOUTHEAST BANK LIMITED 201106 4,192,415,742 3,302,436,539 831,700,840 1,275,680,478 1.53 1.53

22016NATIONAL CREDIT & COMMERC BANK LTD.

201106 2,972,435,504 2,118,757,376 594,165,435 812,193,769 1.37 1.37

22017 DUTCH-BANGLA BANK LIMITED 201106 4,243,047,961 2,206,472,788 200,000,000 1,130,490,000 5.65 5.65

22018 MUTUAL TRUST BANK LIMITED 201106 411,895,953 1,488,030,127 254,349,840 303,340,680 1.19 1.19

22020 STANDARD BANK LIMITED 201106 1,824,105,788 1,202,570,899 406,132,030 424,035,736 1.04 1.04

22021 ONE BANK LIMITED 201106 2,445,922,361 1,788,077,795 318,867,560 850,514,612 2.67 2.67

22022 BANK ASIA LIMITED 201106 3,264,265,077 2,121,651,110 525,479,060 985,820,664 2.35 1.88

22023 MERCANTILE BANK LIMITED 201106 2,747,150,156 1,578,414,956 496,809,200 610,286,943 1.23 1.23

22024 UTTARA BANK LIMITED 201106 3,249,564,705 1,319,087,409 287,517,312 853,176,108 2.97 2.97

22025 EASTERN BANK LIMITED 201106 3,806,112,108 2,674,173,112 452,725,767 1,120,140,000 2.47 2.47

22026 EXPORT IMPORT BANK OF BD. LTD. 201106 1,998,164,355 974,686,939 922,356,286 510,950,000 0.55 0.55

22027 SOCIAL ISLAMI BANK 201106 1,796,215,200 1,177,312,276 639,392,570 411,500,000 1.05 0.64

22028 JAMUNA BANK 201106 2,341,478,329 1,515,623,224 364,840,376 573,026,795 1.57 1.57

22029 BRAC BANK 201106 2,537,647,480 1,123,054,352 321,235,200 790,370,000 2.46 2.46

22030 SHAHJALAL ISLAMI BANK 201106 2,278,575,348 1,593,225,851 445,265,535 647,279,148 1.42 1.45

22031 PREMIER BANK 201106 2005450149 1150514043 381861109 270,320,000 0.71 0.71

22032 TRUST BANK 201106 1,654,270,971 1,058,685,680 266,112,740 579,742,317 2.18 2.18

22033 FIRST SECURITY BANK 201106 1,276,565,158 763,088,677 340,032,000 308,090,000 1.01 0.91

CERAMICS

23001 MONNO CERAMIC 201012 417,199,000 94,515,000 23,928,020 16,695,000 1.03 0.70

23003 STANDARD CERAMIC 201112 99,113,000 19,842,000 6,460,650 1,776,000 0.27 0.27

23004 FU-WANG CERAMIC IND. 201112 382,200,705 110,965,949 69,927,594 76,286,161 1.09 1.09

23005 SHINEPUKUR CERAMICS 201106 940,372,000 335,426,000 111,127,453 106,755,000 0.96 0.96

23006 RAK Ceramics 201106 2,269,484,708 934,056,403 253,050,850 319,592,351 1.52 1.26

INFORMATION COMMUNICATION & TECHNOLOGY

24003INFORMATION SERVICES NETWORK LTD

201106 24,162,576 11,384,294 9,904,765 3,960,606 0.44 0.40

24004 BDCOM ONLINE LIMITED 201012 74,522,684 46,688,364 27,553,680 12,296,378 0.88 0.45

24005 INTECH ONLINE LIMITED 201106 17794390 15236879 15927943 3,179,389 0.22 0.20

24006 AGNI SYSTEMS LIMITED 201012 84,447,825 43,397,418 42,809,077 18,830,854 0.79 0.44

24007 DAFFODIL COMPUTERS LIMITED 201012 107,491,372 22,402,368 49,912,262 5,720,000 0.21 0.11

LEASING & FINANCE

25001 ICB 201112 1,252,339,162 1,694,883,495 33,750,000 1,183,416,796 35.06 35.06

25002 IDLC FINANCE LTD. 201106 994,483,692 538,250,848 99,000,000 277,011,896 2.80 2.80

25003 UTTARA FINANCE 201106 505,075,654 443,885,823 73,920,000 424,642,969 5.74 5.74




PORTFOLIO



EndTurnover (Tk.)

Gross Profit (Tk.)


Basic Diluted

LEASING & FINANCE

25004 FIRST LEASE INTERNATIONAL LTD. 201106 141,849,710 115,542,342 50,311,800 75,042,342 1.49 1.49

25005 MIDAS FINANCING LIMITED 201012 147,544,979 236,938,144 60,134,330 109,373,062 2.00 1.82

25006 PEOPLES LEASING 201106 580,868,404 503,868,376 190,627,330 403,470,630 2.12 2.12

25007 PRIME FINANCE 201106 744,904,542 652,782,267 162,450,288 464,530,000 2.86 2.86

25008 PREMIER LEASING 201106 153,183,008 116,082,649 104,185,640 46,991,888 0.90 0.45

25009 ISLAMIC FINANCE & INVESTMENT 201106 108,322,232 71,602,591 69,328,240 36,980,380 0.53 0.53

25010 LANKA BANGLA FINANCE 201106 1,009,990,750 802,442,170 82,351,500 511,450,000 6.21 6.21

25011 BD INDUSTRIAL FINANCE CO. 201106 137,686,197 102,873,677 55,345,260 (46,026,323) (0.83) (0.83)


201106 148,093,574 84,512,422 94,853,860 18,641,384 0.20 0.20

25013 UNION CAPITAL LTD 201106 337,136,544 277,393,413 95,159,592 129,920,594 1.37 1.37


201106 65,929,240 45,140,200 53,730,752 33,464,987 0.62 0.62


201106 466,362,518 380,858,557 162,932,000 79,980,000 0.98 0.49

25016 PHOENIX FINANCE & INVESTMENTS 201106 205,024,288 102,980,321 70,801,070 142,763,458 2.02 2.02

25017 FIDELITY ASSETS 201106 (1,170,882) 140,303,133 51,664,380 2,026,517 0.09 0.04


201112 1,559,801,211 410,342,465 100,912,500 134,204,020 1.28 1.33

25019 NATIONAL HOUSING 201106 159,765,921 146,630,928 57,200,000 95,999,798 1.68 1.68

25020 Bay Leasing & Investment Ltd 201106 170,704,726 78,286,316 94,860,000 140,191,252 2.29 1.48

TELECOMMUNICATION

Scrip ID Company Name

26001 GRAMEENPHONE 201106 43,404,139,050 24,111,827,649 1,350,300,022 6,766,447,570 5.01 5.01

MISCELLANEOUS

32001 USMANIA GLASS 201112 70,735,000 3,322,000 8,190,000 (15,258,000) (1.86) (1.86)

32002 ARAMIT 201106 238,368,106 54,278,922 6,000,000 38,960,668 6.49 6.49

32003 BEXIMCO 201106 16,728,106,000 6,500,021,000 355,502,289 4,376,891,000 12.31 12.31

32004 B.S.C. 201012 1,339,338,917 (206,301,802) 8,274,000 (155,801,723) (77.90) (18.83)

32005 NATIONAL POLYMER 201112 361,485,000 72,586,000 9,246,000 4,618,000 0.50 0.50

32006 GQ BALL PEN 201106 104,484,000 19,731,000 5,391,360 40,406,000 7.43 7.49

32007 IMAM BUTTON 201012 41,442,796 (4,406,375) 7,700,000 (13,364,234) (1.74) (1.74)

32009 BATBC 201106 35,119,930,000 4,600,908,000 60,000,000 745,554,000 12.43 12.43

32018 Deshbandhu Polymer 201112 162,850,033 23,098,442 46,000,000 24,462,254 0.61 0.53



PORTFOLIO CSE Market Statistics Oct-Dec2011

CSE

Over

The

Cou

nter

(OTC

) Mar

ket

Com

pany

ID

Com

pany

Nam

eCa

tego

ryYe

ar E

ndLa

st A

GM

Date

No. o

f Is

sued

Sh

are

Mar

ket

Lot/

Face

Va

lue

Clos

ing

Pric

e Tk

. Pe

r Sha

re

Mon

thly

Ch

ange

%Hi

gh P

rice/

Shar

e

Low

Pr

ice/

Shar

e

Trad

ed

Volu

me

of

Shar

es

Basi

cDi

lute

dBo

ok V

alue

/Sh

are

DPS

PE

Ratio

Divi

dend

Yi

eld

%

Mar

ket

Capi

tal

Cror

e Tk

.

1200

1GM

G IN

DL. C

ORP.

Z20

0906

25/1

1/20

0988

1,75

950

/10

30.3

00.

0043

.50

36.

30

0-

10.2

9-

69.5

70.

007.

05-

2.67

1200

5M

.H. G

ARM

ENTS

Z20

0106

8/9/

2002

600,

000

50/1

0034

.75

0.00

36.5

0 1

0.00

0

8.97

100.

505.

003.

8714

.39

2.09

1201

2SA

JIB

KNIT

WEA

RZ

2007

0624

/12/

2007

800,

000

50/1

0041

.00

0.00

43.0

0 2

0.00

0

-47

.4-

47.4

352

.80

0.00

--

3.28

1201

3CH

IC T

EX L

TD.

Z20

0406

30/1

2/20

0412

,544

,000

500/

102.

500.

00-

-

0-

0.34

10.0

50.

00-

-3.

14

1201

4SR

EEPU

R TE

XTIL

ESZ

2008

1229

/12/

2009

1,40

0,00

050

/100

37.0

00.

0037

.00

16.

75

0-1

6.04

-16

.04

-19

2.88

0.00

--

5.18

1201

6EA

GLE

STAR

Z20

0906

16/1

1/20

095,

280,

000

50/1

010

.00

0.00

15.4

0 6

.80

0-9

.61

-9.

61-

33.1

00.

00-

-5.

28

1201

8BD

. DYE

ING

Z20

0812

17/1

2/20

091,

200,

000

20/1

0059

.00

0.00

51.7

5 3

4.00

0

--

23.5

824

4.33

0.00

--

7.08

1201

9DY

NAM

IC T

EXTI

LEZ

2003

0916

/5/2

004

3,05

5,95

020

/100

31.2

50.

0053

.00

18.

50

0-

13.5

811

9.76

0.00

--

9.55

1202

0AS

HRAF

TEX

Z20

0906

24/1

2/20

0910

,500

,000

100/

1016

.50

0.00

16.5

0 8

.60

0-8

.9-

8.90

-80

.35

0.00

--

17.3

3

1202

1M

ITA

TEXT

ILES

Z20

0906

24/1

2/20

091,

800,

000

20/1

0062

.00

0.00

62.0

0 3

4.00

0

--

51.4

0-

54.4

60.

00-

-11

.16

1202

6TA

MIJ

UDDI

N TE

XTIL

EZ

2009

0630

/12/

2009

1,43

4,73

010

/100

40.0

00.

00-

-

03.

333.

3313

4.47

5.00

10.8

712

.50

5.74

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C KA

MAL

TEX

Z1,

720,

000

50/1

0053

.75

0.00

- -

0

4.42

100.

1912

.15

9.25

1300

9BC

IL L

TD.

Z20

0906

17/1

2/20

091,

175,

280

10/1

0059

.00

0.00

69.0

0 4

0.00

0

-8.

4643

.65

0.00

--

6.93

1301

4PE

RFUM

E (M

ANOL

A)Z

2004

0630

/12/

2004

920,

000

50/1

0057

.75

0.00

93.0

0 4

1.00

0

1.17

105.

253.

0049

.19

5.19

5.31

1301

5W

ATA

CHEM

ICAL

S LT

D.Z

2002

1219

/6/2

003

405,

000

20/1

0034

1.00

0.00

- -

0

13.5

319

2.16

13.0

025

.20

3.81

13.8

1

1301

8AL

-AM

IN C

HEM

ICAL

INDU

STRI

ES L

TD.

Z20

0806

31/1

2/20

084,

000,

000

500/

1015

.40

0.00

16.9

0 5

.00

0-

-3.

7910

.00

0.00

--

6.16

1400

2RA

SPIT

FOO

DZ

2002

0624

/12/

2002

15,7

69,6

0050

0/10

1.80

0.00

- -

0

0.04

17.1

10.

3042

.31

16.6

72.

84

1400

3BE

NGAL

BIS

CUIT

Z20

08-

0972

0,00

020

/100

174.

7541

.50

185.

00 5

5.00

46

40-1

1.72

-11

.72

78.0

50.

00-

-12

.58

1400

9M

EGHN

A SH

RIM

PZ

2008

129/

9/20

091,

000,

000

20/1

0010

5.00

44.3

311

7.00

26.

00

3028

0-1

1.7

-11

.70

72.9

90.

00-

-10

.50

1401

4M

ONA

FOOD

INDU

STRI

ESZ

2007

0622

/05/

2008

640,

000

50/1

0055

.00

0.00

57.5

0 3

0.25

0

-10

.00

22.5

6-

-3.

52

1401

5GA

CHIH

ATA

AQUA

CUL

FRM

.LTD

Z20

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092,

070,

000

50/1

0075

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0.00

80.0

0 1

5.75

0

-3.6

6-

3.66

-18

.65

0.00

--

15.6

3

1401

9RA

NGAM

ATI F

OOD

PROD

UCTS

LIM

ITED

Z20

0806

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083,

000,

000

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1013

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0.00

14.6

0 3

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0-

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654.

690.

00-

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99

1402

0GE

RMAN

BAN

GLA

J.V.

FOO

D LI

MIT

EDZ

2007

1229

/06/

2008

5,00

0,00

050

0/10

3.60

0.00

- -

0

-0.3

3-

0.33

4.18

0.00

--

1.80

1500

7M

ODER

N CE

MEN

T LI

MIT

EDZ

2009

061/

12/2

009

17,3

22,3

0050

0/10

17.9

00.

0018

.90

4.7

0 0

-1.1

79-

4.37

5.63

0.00

--

31.0

1

1600

6BD

. ZIP

PER

Z20

0906

17/1

2/20

0988

0,00

050

/100

45.0

00.

0046

.50

19.

00

0-8

.63

-8.

63-

8.47

0.00

--

3.96

1600

8W

ONDE

RLAN

D TO

YSZ

2009

0624

/12/

2009

1,00

0,00

050

/100

69.2

50.

0079

.75

39.

00

0-1

4.52

-14

.52

3.26

0.00

--

6.93

1601

0BD

. LUG

GAGE

Z20

0906

17/1

2/20

092,

000,

000

50/1

0030

.50

0.00

50.0

0 2

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0

-13

.65

-16

.32

0.00

--

6.10

1700

3LE

XCO

LTD.

Z20

0812

20/0

8/09

380,

000

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0028

0.00

0.00

384.

0018

0.25

0-9

8.21

-98

.21

-21

0.43

0.00

--

10.6

4

1900

2M

AQ P

APER

INDT

.Z

2006

1213

/09/

2007

1,20

0,00

020

/100

36.2

50.

0042

.00

14.

25

0-1

0.1

-10

.13

-7.

810.

00-

-4.

35


PORTFOLIOCS

E Ov

er T

he C

ount

er (O

TC) M

arke

tCSE Market StatisticsOct-Dec

2011

Com

pany

ID

Com

pany

Nam

eCa

tego

ryYe

ar E

ndLa

st A

GM

Date

No. o

f Is

sued

Sh

are

Mar

ket

Lot/

Face

Va

lue

Clos

ing

Pric

e Tk

. Pe

r Sha

re

Mon

thly

Ch

ange

%Hi

gh P

rice/

Shar

e

Low

Pr

ice/

Shar

e

Trad

ed

Volu

me

of

Shar

es

Basi

cDi

lute

dBo

ok V

alue

/Sh

are

DPS

PE

Ratio

Divi

dend

Yi

eld

%

Mar

ket

Capi

tal

Cror

e Tk

.

1900

4M

AQ E

NTER

PRIS

ESZ

2006

065/

12/2

006

2,50

0,00

050

/100

39.2

50.

0042

.50

14.

00

0-

2.99

-2.

9937

.77

0.00

--

9.81

1900

7BD

MON

OSPO

OL P

APER

MFG

.CO

Z20

0906

24/1

2/20

0927

7,12

05/

100

64.7

50.

00-

-

0-

15.0

610

5.51

0.00

--

1.79

2300

2BE

NGAL

FIN

E CE

RAZ

2009

0631

/12/

2009

650,

000

50/1

0078

.75

0.00

100.

00 5

5.00

0

-15

.35

-15

.35

-48

.51

0.00

--

5.12

2400

1RA

SPIT

DAT

A M

ANAG

EMEN

T &

TELE

. LTD

.Z

2004

0623

/12/

2004

5,00

0,00

050

0/10

3.30

0.00

- -

0

-0.

1911

.74

--

1.65

3200

8RH

BAL

L PE

N LT

D.Z

2004

067/

4/20

0512

,500

,000

500/

1022

.70

0.00

23.5

0 5

.10

0-

4.10

10.9

8-

--

28.3

8

3201

5KH

AZA

MOS

AIC

TILE

S &

STON

E IN

D. LT

D.Z

2004

068,

000,

000

500/

108.

700.

008.

70 3

.60

00.

0510

.00

183.1

6-

6.96

1202

7GE

M K

NITW

EAR

FABR

ICS

COM

PANY

Z98

123-

Jun-

0120

0,00

010

0-

69.6

6

1401

6RU

PAN

OIL

& FE

EDS

LIM

ITED

Z

9706

12-

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982,

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600

100.

11

1700

5EX

CELS

IOR

SHOE

S LI

MIT

ED

Z20

0609

30/0

3/20

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000,

000

100

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59-

2.59

1.31

1700

6PA

RAGO

N LE

ATHE

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WEA

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DZ

9906

27-

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001,

600,

000

100

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3SO

NALI

PAP

ER &

BOA

RD M

ILLS

LTD

Z03

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1900

5PA

DMA

PRIN

TERS

AND

COL

OUR

LTD

Z01

1220

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20

2000

1NA

TION

AL O

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N LI

MIT

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100

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AL IN

DUST

RIES

LTD

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9812

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0,00

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A VE

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BLE

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INDS

LTD

Z01

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t Sch

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000,

000

100

-62

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1700

4M

ARK

BD S

HILP

A &

ENG

LTD

Z03

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stpo

ned

3,99

0,00

010

0-

2.31

1201

7AL

LTEX

IND.

Z20

0906

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800,

000

50/1

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4.25

74.1

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4.25

102.0

025

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12.2

0-

12.2

011

2.47

0.00

--

102.

84

1202

5AN

LIM

A YA

RNZ

2009

0623

/12/

2009

1,78

6,78

050

/100

319.

2568

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319.

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5.00

1895

0.00

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1300

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Z20

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101,

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504

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0.00

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475.

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50.0

0-

5.60

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60-

210.

920.

00-

-57

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1401

3GU

LF F

OODS

LIM

ITED

.Z

2009

0612

/12/

2009

380,

000

50/1

0015

5.00

29.1

725

0.00

104.

0015

50.0

0-

3.01

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0110

1.05

0.00

--

5.89

1500

4NI

LOY

CEM

ENT

INDU

S. L

TD.

Z20

0906

24/1

2/20

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600,

000

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7.00

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236

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000.

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1810

5.27

0.00

1499

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42.7

2

1700

7SA

MAT

A LE

ATHE

R CO

MPL

EXZ

2009

0629

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2009

1,03

2,00

050

/100

249.

5039

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350.

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1950

0.00

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13-

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30.

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3201

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PHA

TOBA

CCO

Z20

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1765

0.00

56.0

956

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00.

000.

48-

7.83

3201

6JA

GO C

ORPO

RATI

ONZ

2009

1224

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2010

900,

000

50/1

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7.43

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57-

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269.

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58

3201

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I SYR

INGE

SZ

2009

1215

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2010

1,10

0,00

050

/100

297.

751.

6239

4.00

188.

2575

000.

0015

.82

15.8

212

6.36

7.50

18.8

32.

5232

.75

1200

3AP

EX W

EAVI

NGZ

2009

0627

/12/

2009

3,88

5,00

050

/100

204.

7561

.54

241.

5010

5.00

1695

00.00

-51

.13

-51

.13

50.0

60.

00-

-79

.55

1201

5M

ONNO

FAB

RICS

Z20

0912

27/0

6/20

1011

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50/1

0013

4.00

40.3

118

1.00

58.2

556

950.

00-

19.5

5-

19.5

510

2.93

0.00

--

154.

10

1300

8OR

ION

INFU

SION

Z20

0906

10/1

2/20

092,

035,

976

20/1

0078

5.25

6.58

960.

0057

1.25

2572

0.00

12.8

712

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17.3

812

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61.0

11.

5915

9.88

1400

8DH

AKA

FISH

ERIE

SZ

2009

0617

/12/

2009

317,

000

50/1

0045

3.00

61.2

138

0.00

146.

2550

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24.1

6-

24.1

678

.20

0.00

--

14.3

6

1500

8PA

DMA

CEM

ENT

Z20

0909

24/0

4/20

1027

,600

,000

500/

1030

.30

59.4

734

.50

14.60

3248

000.0

0-

1.46

-1.

46-

0.82

0.00

--

83.6

3


PORTFOLIO

Company Id Company NameTotal Outstanding

No. of Shares

Directors' / Sponsors' Holding %

Government Holding %

Associate Company

Holding (Cross Holding) %

Other Shares under lock-in %

Free Float Holding %

LIFE INSURANCE10001 DELTA LIFE INSURANCE 3,000,000 44 0 0 0 55.83

10002 NATIONAL LIFE INS. 34,651,790 43 0 0 0 56.82

10003 SANDHANI LIFE INS. 20,688,075 44 0 0 0 55.97

10004 POPULAR LIFE INSURANCE 20,973,330 40 0 0 0 59.51

10005 FAREAST ISLAMI LIFE INS. 39,390,120 0 0 0 0

10006 MEGHNA LIFE INSURANCE 23,034,368 18 0 38 0 44.12

10007 PROGRESSIVE LIFE INS. 9,240,000 58 0 0 0 42.44

10008 PRAGATI LIFE INS. 8,400,000 40 0 0 0 59.65

10009 PRIME ISLAMI LIFE INS. 15,795,000 45 0 0 0 54.80

10010 RUPALI LIFE INSURANCE 9,405,000 39 0 0 0 61.00

10GENERAL INSURANCE11001 RUPALI INSURANCE 19,744,812 64 0 0 0 36.13

11002 PEOPLES INSURANCE 46,200,000 46 0 0 0 53.61

11003 GREEN DELTA INS. 40,824,000 49 0 0 0 50.68

11004 RELIANCE INSURANCE 41,067,000 63 0 0 0 37.00

11005 JANATA INSURANCE 2,439,360 51 0 0 0 48.55

11006 CENTRAL INSURANCE 22,467,160 54 0 0 0 45.85

11007 FEDERAL INSURANCE 37,698,324 43 0 0 0 57.15

11010 BGIC 51,454,524 24 0 0 0 75.68

11011 PRAGATI INSURANCE 44,780,300 50 0 0 0 50.00

11013 PHOENIX INS. 30,736,437 51 0 0 0 49.07

11014 EASTERN INS 41,057,280 51 0 3 0 46.61

11015 EASTLAND INSURANCE 37,820,430 32 0 0 0 67.75

11016 PRIME INSURANCE COMPANY LIMITED 26,761,267 43 0 0 0 57.23

11017 PIONEER INSURANCE COMPANY LIMITED 27,187,500 68 0 0 0 32.14

11021 NITOL INSURANCE 18,900,000 40 0 0 0 60.00

11022 ASIA PACIFIC GENERAL INS. 42,350,000 43 0 0 0 57.49

11024 SONAR BANGLA INS. 20,328,000 32 0 0 0 68.41

11027 PARAMAOUNT INSURANCE 18,150,000 41 0 0 0 59.44

11028 CITY GENERAL INSURANCE 38,478,000 43 0 0 0 56.51

11029 CONTINENTAL INSURANCE 28,495,500 31 0 0 0 68.77

11030 TAKAFUL ISLAMI INSURANCE 19,837,500 46 0 0 0 54.01

11031 STANDARD INSURANCE 18,150,000 40 0 0 0 60.00

11032 NORTHERN GENERAL INSURANCE 22,218,000 39 0 0 0 61.28

11033 REPUBLIC INSURANCE 18,150,000 38 0 0 0 62.25

11034 MARCENTILE INSURANCE 34,980,000 29 0 0 0 70.52

11035 ASIA INSURANCE 37,125,000 42 0 0 0 58.44

11036 ISLAMI INSURANCE 18,000,000 40 0 0 0 60.00

11037 PRABHATI INSURANCE 16,800,000 37 0 0 0 62.52

11038 DHAKA INSURANCE 30,000,000 54 0 0 0 45.51

29TEXTILE12002 PRIME TEXTILE 38,200,000 50 0 0 0 50.00

12004 APEX SPINNING 8,400,000 50 0 3 0 46.40

12006 DULAMIA COTTON 7,556,600 50 0 0 0 49.85

12008 BEXIMCO SYNTHETICS 68,547,320 32 0 3 0 64.33

12017 ALLTEX INDUSTRIES 48,000,000 38 0 0 0 62.50

Shareholding Composition of Listed Securities



PORTFOLIO



No. of Shares



Associate Company




TEXTILE12022 SONARGAON TEXTILE 22,915,200 46 7 0 0 47.14

12023 DELTA SPINNERS LTD. 30,575,200 89 0 0 0 11.18

12024 H.R. TEXTILES 22,000,000 51 0 0 0 48.97

12025 ANLIMA YARN 17,867,800 47 0 0 0 52.50

12030 SIAHAM TEXTILE MILLS LTD. 25,000,000 35 0 0 0 65.00

12031 SAFKO SPINING MILLS LTD 18,560,000 28 0 0 0 71.61

12032 TALLU SPINNING MILLS LIMITED 18,608,920 59 0 0 0 40.89

12033 MITHUN KNITTING AND DYEING LIMITED 6,250,000 50 0 0 0 50.00

12034 SQUARE TEXTILES LIMITED 97,405,993 15 0 46 0 38.69

12035 METRO SPINNING LIMITED 41,400,000 26 0 0 0 73.79

12036 MAKSONS SPINNING 170,430,000 25 0 0 0 74.56

12037 THE DHAKA DYEING 50,400,000 47 0 0 0 53.32

12038 R. N. SPINNING 139,141,230 62 0 0 0 37.79

12039 MALEK SPINNING 160,000,000 44 0 0 0 56.25

12040 ZAHINTEX INDUSTRIES 45,000,000 56 0 0 0 44.44

20PHARMACEUTICALS13002 SQUARE PHARMA 264,834,760 54 0 0 0 45.80

13003 ACI LTD 19,714,756 34 0 0 0 65.80

13005 BEXIMCO PHARMA 251,767,810 3 0 9 0 88.39

13006 RECKIT BENCKISER (BD) LTD. 4,725,000 83 4 0 0 13.26

13007 AMBEE PHARMA 2,000,000 74 0 0 0 26.28

13008 ORION INFUSION 20,359,760 9 0 36 0 54.43

13011 KOHINOOR CHEMICAL 5,000,000 41 0 0 0 59.00

13012 LIBRA INFUSIONS LIMITED 1,251,600 22 0 28 0 50.00

13013 IBN SINA PHARMA 12,960,000 48 0 0 0 51.76

13017 KEYA COSMETICS LIMITED 73,994,494 34 0 0 0 66.09

13020 BERGER PAINTS 23,188,940 95 0 0 0 5.00

13021 ACI FORMULATIONS 30,000,000 66 0 0 0 33.98

13022 MARICO BANGLADESH 31,500,000 90 0 0 0 10.00

13023 BEACON PHARMACEUTICALS 220,000,000 27 0 0 0 72.73

13024 ACTIVE FINE CHEMICALS 46,000,000 18 0 0 0 82.02

13025 SALVO CHEMICALS 42,105,010 23 0 0 0 77.31

16

FOODS & ALLIED PROCUCTS14001 APEX FOOD 5,702,400 50 0 3 0 46.50

14005 AMCL(PRAN) 8,000,000 26 0 17 0 57.21

14010 NATIONAL TEA 6,600,000 6 45 19 0 30.45

14012 RAHIMA FOOD CORP. LTD 20,000,200 53 0 0 0 47.01

14017 FU-WANG FOODS LIMITED 44,528,000 6 0 0 0 93.60

14018 BANGAS LIMITED 1,125,000 50 0 0 0 50.00

14021 BEACH HATCHERY LIMITED 28,336,000 35 0 0 0 64.99

14022 FINE FOODS LIMITED 10,565,625 8 0 1 0 90.31

14023 RANGPUR DEIRY & FOOD PRODUCTS 40,000,000 59 0 0 0 40.85

14024 CVO PETROCHEMICAL REFINERY 12,000,000 50 0 0 0 50.00

10



PORTFOLIO


No. of Shares



Associate Company




CEMENT15001 CONFIDENCE CEMENT 37,494,600 23 0 0 0 76.53

15002 HEIDELBERG CEMENT BANGLADESH LTD 56,503,580 62 0 0 0 38.44

15003 MEGHNA CEMENT 22,500,400 52 0 0 0 47.70

15005 ARAMIT CEMENT LIMITED 15,400,000 43 0 0 0 57.14

15009 LAFARGE SURMA CEMENT LIMITED 1,161,373,500 67 0 0 0 33.03

15010 M I CEMENT 135,000,000 70 0 0 0 30.00

6ENGINEERING16001 AZIZ PIPE 4,850,000 11 0 0 0 89.04

16002 QUASEM DRYCELLS 27,648,000 26 0 0 0 73.65

16003 ANWAR GALVANIZING 13,200,000 35 0 0 0 65.05

16004 AFTAB AUTO. 56,983,585 31 0 0 0 69.41

16005 OLYMPIC INDUSTRIES 52,240,875 18 0 3 0 79.02

16009 BD. THAI ALLUMINIUM 41,099,060 18 0 0 0 82.0816012 BD. AUTO CARS 3,569,401 45 0 0 0 55.36

16013 BD. LAMPS LTD. 7,208,160 55 0 7 0 37.86

16014 KAY & QUE (BD) LTD. 4,902,530 15 0 0 0 84.62

16015 EASTERN CABLES LTD. 24,000,000 0 51 0 0 48.97

16016 RANGPUR FOUNDRY LTD. 10,000,000 28 0 23 0 49.97

16017 BD WELDING ELECTRODES LTD 37,076,000 9 35 0 0 55.91

16019 SINGER BANGLADESH LIMITED 39,267,580 75 0 0 0 25.00

16020 S ALAM COLD ROLLED STEELS 98,371,100 47 0 4 0 49.08

16021 GOLDEN SON 106,190,392 48 0 0 0 52.18

16022 BSRM STEELS 325,500,000 17 0 57 0 26.41

16023 NAVANA CNG 49,658,400 43 0 0 0 57.34

17LEATHER & FOOTWEAR17001 APEX TANNERY 15,240,000 49 0 0 0 50.88

17002 APEX FOOTWEAR 11,250,000 5 0 0 0 94.81

17007 SAMATA LEATHER 10,320,000 50 0 0 0 50.00

17008 LEGACY FOOTWEAR LIMITED 7,975,000 52 0 0 0 48.28

17009 BATA SHOE COMPANY LTD. 13,680,000 70 0 0 0 30.00

5SERVICES & PROPERTIES18002 EASTERN HOUSING 65,159,640 51 0 0 0 49.25

18004 SAMORITA HOSPITAL LTD. 7,590,000 66 0 0 0 33.86

18005 SUMMIT ALLIANCE PORT 120,864,500 74 0 0 0 25.99

18006 OCEAN CONTAINERS 32,725,000 73 0 0 0 26.90

18007 UNITED AIRWAYS 441,000,000 7 0 0 0 93.48

5PAPERS & PRINTING19006 SINOBANGLA INDUSTRIES LTD 19,996,600 26 0 0 0 74.03

19008 MIRACLE INDUSTRIES LTD. 20,862,187 50 0 0 0 49.93

19009 HAKKANI PULP & PAPER MILLS LIMITED 19,000,000 72 0 0 0 27.54

3OIL & FUEL20002 PADMA OIL 29,400,000 0 50 0 0 49.65

20004 SUMMIT POWER 394,360,164 51 0 0 0 48.63




PORTFOLIO


No. of Shares



Associate Company




OIL & FUEL20005 DHAKA ELECTRIC SUPPLY COMPANY 208,221,570 75 0 0 0 25.00

20006 POWER GRID COMPANY 419,011,810 0 0 0 020007 JAMUNA OIL 54,000,000 60 0 0 0 39.92

20008 MEGHNA PETROLEUM 48,510,000 59 0 0 0 41.3320009 TITAS GAS 942,116,030 0 75 0 0 25.0020010 KHULNA POWER 287,858,340 56 0 19 0 25.0020011 BARAKATULLAH ELECTRO DYNAMICS 103,200,000 26 0 0 0 73.5420012 MJL BANGLADESH 207,368,000 58 19 0 0 22.1820013 LINDE BANGLADESH 15,218,280 60 0 0 0 40.00

11MUTUAL FUNDS21001 1ST ICB MF 750,000 0 0 0 0 100.00

21002 2ND ICB MF 500,000 0 0 0 0 100.0021003 3RD ICB MF 1,000,000 0 0 0 0 100.0021004 4TH ICB MF 1,000,000 0 0 0 0 100.0021005 5TH ICB MF 1,500,000 0 0 0 0 100.0021006 6TH ICB MF 5,000,000 0 0 0 0 100.0021007 7TH ICB MF 3,000,000 0 0 0 0 100.0021008 8TH ICB MF 5,000,000 0 0 0 0 100.0021009 1ST BSRS MF 5,000,000 0 0 0 0 100.00

21010AIMS FIRST GUARANTEED MUTUAL FUND

41,450,000 0 0 0 0 100.00

21011 ICB AMCL First Mutual Fund 10,000,000 1 0 0 0 99.0021012 ICB AMCL ISLAMIC MUTUAL FUND 10,000,000 1 0 0 0 99.0021013 GRAMEEN MUTUAL FUND 17,000,000 4 0 0 0 96.1821014 ICB AMCL FIRST NRB MUTUAL FUND 10,000,000 1 0 0 0 99.0021015 ICB AMCL 2ND NRB MUTUAL FUND 100,000,000 1 0 0 0 98.9021016 GRAMEEN ONE : SCHEME TWO 125,000,000 21 0 0 0 79.4821017 PRIME FINANCE 1ST MF 20,000,000 6 0 0 0 93.6321018 EBL FIRST MUTUAL FUND 100,000,000 2 0 0 0 98.0021019 ICB AMCL 2ND MUTUAL FUND 50,000,000 1 0 0 0 98.90

21020ICB EMPLOYEES PROVIDENT MUTUAL FUND

75,000,000 9 0 0 0 91.00

21021 TRUST BANK 1ST MUTUAL FUND 200,000,000 2 0 0 0 98.00

21022PRIME BANK 1ST ICB AMCL MUTUAL FUND

100,000,000 20 0 0 0 80.00

21023 DBH 1ST MUTUAL FUND 120,000,000 2 0 0 0 98.3321024 IFIC BANK 1ST MUTUAL FUND 120,000,000 2 0 0 0 97.9221025 PHOENIX FINANCE 1ST MUTUAL FUND 60,000,000 33 0 0 0 66.67

21026 ICB AMCL 3RD NRB MUTUAL FUND 100,000,000 10 0 0 0 90.0021027 FIRST JANATA BANK MUTUAL FUND 200,000,000 3 0 0 0 97.50

21028 GREEN DELTA MUTUAL FUND 150,000,000 1 0 0 0 99.0021029 POPULAR LIFE 1ST MUTUAL FUND 200,000,000 1 0 0 0 99.0021030 IFIL ISLAMIC MUTUAL FUND 100,000,000 10 0 0 0 90.0021031 PHP FIRST MUTUAL FUND 200,000,000 1 0 0 0 99.0021032 AIBL FIRST ISLAMIC MUTUAL FUND 100,000,000 10 0 0 40 50.0021033 MBL FIRST MUTUAL FUND 100,000,000 10 0 0 40 50.0021034 SOUTHEAST BANK FIRST MUTUAL FUND 90,713,000 28 0 0 28 44.88

21035 EBL NRB FIRST MUTUAL FUND 150,000,000 17 0 0 0 83.33




PORTFOLIO


No. of Shares



Associate Company




MUTUAL FUNDS21036 RELIANCE ONE : MUTUAL FUND 55,000,000 20 0 0 0 80.00

21037 LR GLOBAL BD MUTUAL FUND ONE 300,000,000 17 0 0 33 50.00

37BANKING22002 AB BANK 368,611,390 3 0 0 0 97.00

22003 NATIONAL BANK 860,365,603 30 0 0 0 69.79

22004 UNITED COMMERCIAL BANK 727,488,375 26 1 0 0 72.74

22005 RUPALI BANK 137,500,000 0 90 0 0 9.81

22006 CITY BANK 505,511,130 14 0 0 0 85.85

22007 PUBALI BANK 670,761,000 11 0 0 0 89.02

22008 ISLAMI BANK 1,000,771,200 42 0 0 0 57.99

22010 IFIC BANK LTD. 276,837,900 11 33 0 0 55.94

22012 AL-ARAFAH ISLAMI BANK LTD 589,337,199 38 0 0 0 62.48

22013 PRIME BANK LIMITED 779,809,558 41 0 0 0 59.25

22014 DHAKA BANK LIMITED 359,045,703 50 0 0 0 49.84

22015 SOUTHEAST BANK LIMITED 831,700,840 27 0 0 0 72.78

22016NATIONAL CREDIT & COMMERC BANK LTD.

594,165,435 35 0 0 0 65.22

22017 DUTCH-BANGLA BANK LIMITED 200,000,000 87 0 0 0 13.00

22018 MUTUAL TRUST BANK LIMITED 254,349,840 39 0 0 0 60.55

22020 STANDARD BANK LIMITED 406,132,030 50 0 0 0 50.25

22021 ONE BANK LIMITED 318,867,560 40 0 0 0 59.71

22022 BANK ASIA LIMITED 525,479,060 52 0 0 0 48.39

22023 MERCANTILE BANK LIMITED 496,809,200 40 0 0 0 59.61

22024 UTTARA BANK LIMITED 287,517,312 10 0 0 0 89.77

22025 EASTERN BANK LIMITED 452,725,767 7 0 0 0 93.27

22026 EXPORT IMPORT BANK OF BD. LTD. 922,356,286 47 0 0 0 52.5622027 SOCIAL ISLAMI BANK 639,392,570 23 0 0 0 76.95

22028 JAMUNA BANK 364,840,376 59 0 0 0 41.23

22029 BRAC BANK 321,235,200 50 0 0 0 50.00

22030 SHAHJALAL ISLAMI BANK 445,265,535 44 0 0 0 56.31

22031 PREMIER BANK 381,861,109 46 0 0 0 53.54

22032 TRUST BANK 266,112,740 60 0 0 0 39.99

22033 FIRST SECURITY ISLAMI BANK 340,032,000 49 0 0 0 50.51

29CERAMICS23001 MONNO CERAMIC 20,250,000 16 0 0 0 84.48

23003 STANDARD CERAMIC 6,460,650 48 0 0 0 52.24

23004 FU-WANG CERAMIC IND. 63,570,540 19 0 0 0 80.77

23005 SHINEPUKUR CERAMICS 111,127,453 0 0 50 0 50.00

23006 RAK CERAMICS 253,080,850 80 0 0 0 20.08

5INFORMATION COMMUNICATION & TECHNOLOGY24003 INFORMATION SERVICES NETWORK LTD 9,904,765 19 0 0 0 80.67

24004 BDCOM ONLINE LIMITED 26,241,600 21 0 0 0 78.71

24005 INTECH ONLINE LIMITED 15,927,943 3 0 0 0 97.44

24006 AGNI SYSTEMS LIMITED 40,770,550 13 0 0 0 87.42

24007 DAFFODIL COMPUTERS LIMITED 49,912,262 43 0 0 0 56.52

5




PORTFOLIO


No. of Shares



Associate Company




LEASING & FINANCE25001 I.C.B. 33,750,000 70 27 0 0 3.20

25002 IDLC FINANCE LTD. 99,000,000 64 0 0 0 36.1825003 UTTARA FINANCE 73,920,000 34 0 0 0 66.24

25004 FIRST LEASE INTERNATIONAL LIMITED 50,311,800 20 0 0 0 80.33

25005 MIDAS FINANCING LIMITED 54,667,580 58 0 0 0 42.34

25006 PEOPLES LEASING 190,627,330 42 0 0 0 57.57

25007 PRIME FINANCE 162,450,288 68 0 0 0 31.55

25008 PREMIER LEASING 104,185,640 36 0 0 0 64.47

25009 ISLAMIC FINANCE & INVESTMENT 69,328,240 42 0 24 0 34.27

25010 LANKA BANGLA FINANCE 82,351,500 39 0 0 0 61.23

25011 BD INDUSTRIAL FINANCE CO. 55,345,260 62 0 0 0 37.82


94,853,850 73 0 0 0 27.07

25013 UNION CAPITAL LTD 95,159,590 58 0 0 0 41.55


53,730,739 63 0 0 0 37.09


162,932,000 30 0 0 0 69.53

25016 PHOENIX FINANCE & INVESTMENTS 70,801,070 57 0 0 0 43.08

25017 FIDELITY ASSETS 51,664,380 64 0 0 0 36.00


100,912,500 75 0 0 0 24.52

25019 NATIONAL HOUSING 57,200,000 9 81 0 0 9.69

25020 BAY LEASING & INVESTMENT 94,860,000 41 0 0 0 58.73

20TELECOMMUNICATION26001 GRAMEENPHONE 1,350,300,022 90 0 0 0 10.01

1MISCELLANEOUS32001 USMANIA GLASS 8,190,000 0 51 0 0 48.55

32002 ARAMIT 6,000,000 66 0 0 0 34.48

32003 BEXIMCO 355,502,289 14 0 5 0 81.18

32004 B.S.C. 8,274,000 0 21 0 0 78.85

32005 NATIONAL POLYMER 9,246,000 23 0 0 0 77.27

32006 GQ BALL PEN 5,391,360 43 0 0 0 57.18

32007 IMAM BUTTON 7,700,000 0 0 0 0

32009 BATBC 60,000,000 66 1 0 0 33.45

32008 DESHBANDHU POLYMER 40,000,000 25 0 0 0 75.00

9CORPORATE BOND40001 IBBL MUDARABA PERPETUAL BOND 3,000,000 2 0 0 0 98.14

40002ACI 20% CONVERTIBLE ZERO COUPON BOND

1,068,680 1 0 0 0 99.00


3,000,000 0 0 0 0 100.00

3




PORTFOLIO Round Up 2011


Mr. Al Maruf Khan, FCA has been elected as the President of CSE in its 16th AGM held on 1st December 2011. Brief profile of new CSE President follows:

Qualified as a Chartered Accountant from the Institute of Chartered Accountants in England and Wales, Mr. Mohammad Al Maruf Khan is a Fellow member of both the Institute of Chartered Accountants in England & Wales (ICAE&W) and the Institute of Chartered Accountants of Bangladesh. He also holds post graduation in Investigative and Forensic Accounting from the University of Toronto, Canada. Mr. Khan is a Corporate Financier (CF) qualified under the ICAE&W. He is a member of the Chartered Institute for Securities and Investment, UK.

Mr. Maruf Khan has brilliant academic background to his credit securing first position in all public examinations. He is the holder of many academic awards including chancellors Award, awarded by the President of the People’s Republic of Bangladesh, University Grants Commission Award for securing the top position in the Faculty of Commerce, University of Dhaka and Nurunnessa Khatun Bidyabinodini Gold Medal of the University of Dhaka for securing the top position in the Bachelors and the Masters Programme of the University of Dhaka.

Mr. Khan is the Chairman of CMSL Securities Limited, a corporate member of Chittagong Stock Exchange Ltd and Dhaka Stock Exchange Ltd.

Mr. Khan served as a Director to the Board of Directors of Janata Bank Limited during 2006-2008. He was the Chairman of the Audit Committee of Janata Bank Limited during the same term. He was the Bangladesh

correspondent of the International Bureau of Fiscal Documentation, the Netherlands. Mr. Khan served with a fund manager in Europe and was posted in Guernsey, Channel Islands during 1991-1992. He served as a consultant to a firm of chartered accountants for five years. He served as member in many committees of both Dhaka and Chittagong Stock Exchanges. Mr. Maruf Khan is the Vice Chairman of NDB Capital Limited, a Bangladesh- Sri Lanka joint venture merchant bank. Mr. Mohammad Al Maruf Khan served as the Vice President for two consecutive terms before being elected as the President of the Chittagong Exchange Limited.

Mr. Al Maruf Khan, FCA

Mr. Syed Sajid Husain was appointed as Chief Executive Officer of CSE on 1st November 2011. Brief profile of new CEO follows:

Mr. Syed Sajid Husain has recently been appointed Chief Executive Officer of Chittagong Stock Exchange on November 1, 2011. Prior to the appointment, Husain was the acting CEO of CSE.

He joined CSE as Deputy Chief Executive Officer in 2010. He also served Alcatel-Lucent

France as Head of Bangladesh branch.

An Electrical & Electronic engineer from BUET, Husain is an MBA with major in Finance from IBA.

Mr. Syed Sajid Husain


PORTFOLIO

CSE launches Next Generation Trading System (NGTS)

Chittagong Stock Exchange launched highly sophisticated trading software Next Generation Trading System (NGTS) on 20th October 2011.To commemorate the historic occasion, CSE organized a launching ceremony on the day at CSE Building attended by Mr. Fakhor Uddin Ali Ahmed, President, CSE, Mr.Al Maruf Khan, FCA, Mr.AQI Chowdhury, OBE and Mr. Tareq Kamal, Vice Presidents, CSE, Mr.Bijon Chakroborty, Mr .ASM Shahidullah, Mr. Md. Mofizuddin and Mr. Mohammed Mohiuddin, FCMA CSE Directors and a good number of CSE members, CEO and many other officials were present on the occasion.

CSE President Mr. Fakhor Uddin Ali Ahmed formally inaugurated the NGTS. CSE President said, CSE would ensure better service to the investors through this NGTS.

He highlighted the features of the new system and thanked all concerned who worked behind it.

Some Key features of the CSE Next Generation Web Based Trading System

1. World’s fastest order processing system with low latency that has been successfully implemented in “Turquoise” and London Stock Exchange (now under test run);

2. Multi Channel Order Submission System with Real time Risk Management System – enabling brokers and their clients’ maximum flexibility to trade from anywhere using intranet, internet and mobile phones etc.

3. Highly scalable Operating System (OS) i.e. open source and independent of any hardware platform;

4. Highly scalable Relational Data Base Management System (RDBMS);

5. Flexible Hardware selection i.e. highly scalable hardware with low cost involvement;

6. Easy interfacing with third party trading software;

7. Core Trading Engine simultaneously supports Multi Asset Class Products such as Equities, Derivatives, Exchange Traded Funds (ETFs), Bonds, Warrants, etc.;

8. Modular Architecture i.e. easily up-gradable;

9. World class Smart and Advanced Surveillance System for multi asset class products with internationally best practiced Multiple Analytical Tools, Graphical Presentations, Market Replay on the basis of historical data management, etc.;

The 16th Annul General Meeting of CSE held

The 16th Annual General Meeting (AGM) of Chittagong Stock Exchange Ltd. was held on 1st December, 2011 at CSE Conference Hall, Chittagong. A large number of members have attended the meeting. The meeting was presided over by then CSE President Mr. Fakhor Uddin Ali Ahmed. The four new directors were elected in this AGM. They are Mr. Mirza Salman Ispahani, Mr. ASM Nayeem, FCA, Mr. Shahjada Mahmud Chowdhury and Mr. Al-Maruf Khan, FCA.

This Board of CSE also elected new office bearer for 2011-2012. They are Presidents Mr. Al Maruf Khan, FCA, Vice-Presidents Mr. Mirza Salman Ispahani, Mr. MKM Mohiuddin and Mr. Tareq Kamal.

December 1, 2011: 16th Annual General Meeting of CSE.

October 20, 2011: CSE President Mr. Fakhor Uddin Ali Ahmed formally inaugurated the CSE NGTS at CSE Conference Hall, Chittagong.



PORTFOLIO

10. User friendly multi asset class based Brokers Front End Trading Module, Internet Trading System (ITS) including the facility to submit orders through Mobile/Cell phones, Exchange hosted Risk Management System (RMS) and Brokers Back Office System (BBOS);

11. The robust Risk Management System will facilitate to pre-validate the investors orders in respect of both Money and Stock. This will also facilitate to calculate the clients exposure against margins and collaterals, etc.

12. Disaster Recovery Site and Support – for managing any contingency for the greater interest of the investors and the economy as a whole, which is a very important requirement for an Exchange.

NGTS is capable to handle 800 orders per second which is 100 times higher than the previous trading system. NGTS, thus, is able to handle 1,000,000 orders per day.

Concept paper and model for demutualization presented to Finance Minister

A team of CSE directors led by president Mr. Al Maruf Khan, FCA presented the concept paper and the demutualization of CSE to the Finance Minister in a meeting at his office on December 29, 2011.Mr. Muhit appreciated the effort of CSE for the demutualization process and listened to the views of CSE directors in this regard.

Earlier a committee was formed to accelerate the demutualization process, following the Government’s interest and decision on demutualization of the stock exchanges. Members of the committee have been working continuously for preparing necessary guideline to complete the process of demutualization. In the meeting they highlighted pros and cons of demutualization. Earlier, the CSE delegations visited Australian Stock Exchange, Philippine Stock Exchange, and Singapore General Exchange to acquire more knowledge about demutualization process and explained their findings before the board and members of CSE and obtained valuable suggestions from them.

Members meeting held on Demutualization

December 29, 2011: A model of Demutualization was presented at the office of Ministry of Finance by the CSE delegation led by newCSE President Mr. Al Maruf Khan, FCA.

A meeting of Dhaka and Sylhet based members of CSE was held at the Conference Hall of Dhaka Office, Eunoos Trade Centre on 28 December, 2011. CSE President Mr. Al Maruf Khan, FCA and Vice President Mr. Tareq Kamal, CSE former President Mr. Fakhor Uddin Ali Ahmed and CSE CEO Mr. Syed Sajid Husain were present in the meeting.

An interactive discussion was held to clarify the concept of demutualization and International practice.

December 28, 2011: New CSE President Mr. Al Maruf Khan, FCA was delivering speech at a meeting on the model of Demutualization organized for the CSE Dhaka and Sylhet based members.



PORTFOLIO

July 28-30, 2011: A high profile delegation of CSE led by the former Vice President and current President Mr. Al Maruf Khan, FCA met the senior officials of Australian Securities Exchange in Australia and discussed about the demutualization process. Mr. Fakhor Uddin Ali Ahmed, former President and director and Mr. Syed Sajid Husain, CEO were also in the team.

August 2, 2011: A high profile delegation of CSE visited Philippine Stock Exchange to see the demutualization system at the exchange and during their visit Philippine Stock Exchange welcomed the delegation while commencing trading transaction by ringing old fashioned bell.

August 2, 2011: CSE President Mr. Fakhor Uddin Ali Ahmed is seen while visiting the head office of Asian Development Bank (ADB) at Manila and awarding a crest from CSE to a high official of ADB. The CSE delegation discussed with ADB how to strengthen Bangladesh Capital Market and about the role of ADB in this respect.

“Bangladesh Electronic Funds Transfer Network” - an electronic payment system to supersede the existing paper cheque clearing system.

Chittagong Stock Exchange had organized a workshop for honorable CSE members on “Bangladesh Electronic Funds Transfer Network” Jointly with Bangladesh Bank on the 12th May 2011 at Conference Room, CSE Dhaka office. CSE President Mr. Fakhor Uddin Ali Ahmed had inaugurated the workshop. He said that our country was digitalizing and Chittagong Stock Exchange was trying to keep pace with digitalization programs. He said that we could minimize our settlement cycle to T+1 which would improve the present liquidity crisis in the market in some extent through this system. Mr. Dasgupta Asim Kumar, Executive Director, Bangladesh Bank, shortly briefed about the Electrical Funds transfer System.

Among others Mr. Al Maruf Khan, Vice president, CSE; Mr. Md. Mofizuddin, Director, CSE; Syed Sajid Husain, Deputy CEO, and Mr. AKM Fazlur Rahman, Deputy General Manager, Bangladesh Bank were present in the workshop.

May 12, 2011: CSE President Mr. Fakhor Uddin Ali Ahmed delivered speech at the workshop on electronic fund transfer organized by CSE at CSE Dhaka Office.



PORTFOLIO

Workshop on Electronic Fund Transfer Network held

Post Budget Press Conference by CSE

May 19, 2011: CSE Vice President Mr. Tareq kamal delivered speech at the workshop on electronic fund transfer organized by CSE at CSE conference hall, Chittagong.

CSE had organized a workshop for Chittagong-based CSE members on “Bangladesh Electronic Funds Transfer Network” Jointly with Bangladesh Bank on the 19th May 2011 at CSE Conference Hall, Chittagong. CSE Vice President Mr. Tareq Kamal had inaugurated the workshop. Mr. Tareq Kamal said that CSE was one of the technologically advanced stock exchange and it tried to be one step ahead than others. He added that CSE was going to launch the Next Generation Trading System, in June-July, 2011. By modernizing the payment system to electrical funds transfer we could reduce the settlement cycle which would improve the present liquidity crisis in the market to some extent.

Among others Mr. Mohammed Mohiuddin FCMA, Mr. ASM Shahidullah, Mr. Bijan Chakraborty, Directors, CSE, Professor Dr. Abdullah Mamun, CEO, CSE, Mr. Syed Sajid Husain, Deputy CEO, CSE and Mr. Dasgupta Asim Kumar, Executive Director, Bangladesh Bank and Mr. Nawshad Chowdhury, Generel Manager, Bangladesh Bank, Chittagong, were present in the workshop.

Mr. Fakhor Uddin Ali Ahmed, President, CSE, on June 11, 2011 in press conference organized by CSE in Dhaka, extended heartiest congratulations to the Honorable Prime Minister, Finance Minister & the Government for placing the national budget highlighting the issues of national interest.

He said, ‘the Government has targeted to achieve GDP growth of 7% and contain inflation at 7.5%. The present Government has always been careful about inflation. We feel that the rising price of essential foods and commodities must be tackled for the greater interest of the poor people of our country. We highly appreciate and welcome the budget, as the Government has shown keen interest for the Capital Market by not introducing TIN and individual capital gain tax on the investors, especially in this crisis moment of the Capital Market. The Government has provided its vision to introduce different attractive features for the Capital Market’.

CSE President highlighted some of the key areas of the national budget 2011-12 in his speech as stated below:

We are very happy that the Government has not imposing any new tax on Capital Market. But, the tax on members of stock exchange has been increased from 0.025% to 0.05% last year and finally to 0.10% this year. At the same time business volume has been downsized to a great extent, so it has already become very difficult for the members to survive in the business. Now their tax liability has also been doubled, in this regard CSE strongly appeals to the Government for re-considering the proposal so as to reduce the rate to 0.025%. The government has taken initiative for restructuring of the SEC, obviously a noticeable step. But not only restructuring of SEC, both share supply and liquidity must be ensured for the development of the Capital Market. The market is in dearth of supply of shares. We therefore urge upon the Government to declare a timeframe for offloading Government stakes and mean the time frame for the interest of the capital market & national economy. CSE thinks that involvement of mass people in the PPP is possible only through Capital Market. We therefore request the Government to link the projects under PPP with the Capital Market. We believe steps to form Clearing & Settlement Company is a very positive move towards future progress and would ensure best utilization of money through the Capital Market. On many occasions, CSE had proposed to set up Financial Reporting Council, the Government has also taken steps to do so, obviously this will boast up the investors’ confidence and ultimately the market would be more transparent. CSE President said at last, ‘With this few words, we once again congratulate the Government for placing the national budget 2011-12 and urge upon the Government to consider our proposal for the greater interest of the capital market and national economy as a whole’.

June 11, 2011: CSE President Mr. Fakhor Uddin Ali Ahmed was addressing in the post budget press conference organized by CSE.



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Members meeting on restoring capital market confidence held

A meeting was held on June 25, 2011 in the conference room of CSE, Chittagong between CSE and Securities and Exchange Commission (SEC). Professor Dr. Muhammad Khairul Hossain, chairman, SEC was present as a chief guest .The members of SEC, Professor Helal Uddin Nizami, Mr.Md. Amzad Hossain and Mr. Arif Khan were present as special guests. The President, the Vice President, the Directors, the CEO (current Charge), CSE and the Members of CSE were present in that occasion. Mr. Fakhor Uddin Ali Ahmed, President, CSE presided over the meeting. The CSE President expressed his views in that meeting. He further added that everyone should work jointly to restore the market stability. SEC Chairman expected that there would some positive indications in the final budget. The other member of SEC emphasized on the current liquidity crisis of the capital market.June 25, 2011: SEC and CSE initiated as first time to organize a joint conference on

“Restoring Investors’ Confidence” at CSE Conference Hall, Chittagong.

Newly elected CSE Board visits SEC

The newly elected board of directors of Chittagong Stock Exchange Limited led by President Mr. Al-Maruf Khan, FCA made a courtesy visit to the SEC chairman on the 7th December 2011.

SEC Chairman Professor Dr. M. Khairul Hossain along with the four members, Professor Md. Helal Uddin Nizami, Mr. Md. Amzad Hossain, Mr. Arif Khan and Mr. Md. Abdul Salam Sikhder welcomed the board of directors of CSE. In this visit they had discussed about stimulus package announced by the government and the recent scenario of the capital market. SEC Chairman appreciated CSE’s efforts to develop capital market as well as technological advancement of the bourse.

The CSE President assured all possible support from CSE to SEC for the development of capital market. Vice presidents Mr. MKM Mohiuddin and Mr. Tareq Kamal, Directors Mr. Shahjada Mahmud Chowdhury, Mr. Bijon Chakroborty and CEO Mr. Syed Sajid Husain were present during the visit.

December 7, 2011: The new Board of CSE met the SEC Chairman and officials at SEC office in Dhaka.

December 18, 2011: New CSE President Al Maruf Khan, FCA was discussing with the CSE Members in Chittagong about the current market situation



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CSE President pays courtesy visit to DSE

The newly elected CSE President Mr. Al Maruf Khan, FCA has recently paid a courtesy visit to DSE. The DSE President Mr. Shakil Rizvi warmly greeted the new CSE president. Both the president discussed on development of capital market. CSE Vice President Mr. MKM Mohiuddin was also present on the occasion.

December 14, 2011: New CSE President Mr. Al Maruf Khan, FCA made a courtesy visit at DSE and met DSE President Shakil Rizvi.

IMF team meets CSE Board

A six-member International Monetary Fund (IMF) delegation visited the Chittagong Stock Exchange Ltd. (CSE) office on Thursday 8th September 2011. The team led by Mr. David Cowen, Mission Chief, IMF discussed with CSE board members on economic situation and purpose of visit of IMF delegation

The IMF delegation inform that their visit in a part of their annul consultation with stakeholders on issues of economic condition.

CSE President Mr. Fakhor Uddin Ali Almed, Vice President Mr. Tareq Kamal, Directors Mr. Mirza Salman Ispahani, Mr. MKM Mohiuddin, Mr. Mohammed Mohiuddin, FCMA, Mr. Abu Sayed Md. Shahidullah, Mr. Nasiruddin Ahmed Chowdhury, Mr. Bijan Chakroborty, Mr. Md. Mofizuddin, Mr. Kutubuddin Ahmed, Dr. Moinul Islam Mahmud, Mr. Syed Sajid Husain, CEO, CSE and Mr. Ahmad Dawood, CSE Company Secretary and Head of Finance were also present in the meeting.

September 8, 2011: A six member International Monetary Fund (IMF) delegation led by Mr. David Cowen, Mission Chief, IMF met CSE board members at the conference room and exchanges views with them.

Workshop for financial reporters held

CSE had organized a workshop for financial reporters on May 21, 2011 at CSE Dhaka office. CSE had organized this workshop to develop professional skill on capital market. CSE President Mr. Fakhor Uddin Ali Ahmed had inaugurated the workshop. He said in his speech that journalists were playing important roles in developing Bangladesh Capital Market. This workshop would help them to develop their reporting in more efficient way.

Professor Salauddin Ahmed Khan, Professor Abu Ahmed, Mr. Hannan Zoarder and Mr. Mamun Rashid were the trainer of the workshop. Among others Mr. Mofizuddin, Director, CSE and Mr. Syed Sajid Husain, Deputy CEO, CSE were present in the program.

May 21, 2011: CSE President Mr. Fakhor Uddin Ali Ahmed inaugurated the workshop on financial reporters organized by CSE at CSE Dhaka Office.



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ISC team visits CSEMarch 24, 2011: A team from the International Securities Consultancy Ltd. (ISC) led by its team leader Ms. Estella Tang, Skills Development and Training Consultant of ISC and Mr. Wali-ul-Maroof Matin, former CEO of CSE, currently working as Domestic Market Surveillance Systems and Training Consultant of ISC visited CSE on March 24, 2011 and met CSE CEO Professor Dr. Mohammed Abdullah Mamun and senior officials of CSE.

The ISC team, under the project of Asian Development Bank “Improvement of Capital Markets Governance Project” had discussed with CSE officials on human resource development and training issues for CSE stuffs. The team would review and update human resources development policies, identify training needs organize and conduct structured training courses for CSE under the ADB project after taking recommendations from CSE.

March 24, 2011; Professor Dr. Mohammed Abdullah Mamun, former CEO, CSE and senior managers of CSE met the ISC team, under the project of ADB at CSE, Chittagong.

12th Comprehensive Training on Stock Market at CSE

The month long 12th “Comprehensive Training Course on Stock Market” began at the Chittagong Stock Exchange on February 7, 2011. Mr. Tareq Kamal, Vice President, CSE inaugurated the training program at the CSE Conference Hall. Former CEO of CSE Mr. AB Siddique who currently working at GPH Group as Executive Director was present as the guest speaker of the first session.

Mr. Tareq Kamal, Vice President, CSE said that the market situation would be revived soon. We needed to be cautioned before investing in any stock. We should not predict any windfall profit from the stock rather should behave rational. He urged all the stake holders of the stock market to undertake regular training program for our next generation so that they were much equipped of the investment tools and techniques.

February 06, 2011: CSE Vice President Mr. Tareq Kamal was addressing as Chief Guest in the 12th Comprehensive training program organized by CSE.

Issue Manager should play transparent role during IPO process - Arif Khan says at CSE Training

Mr. Arif Khan, a leading capital market specialist in the country while presenting his session on “IPO Pricing- Parties involved, Pricing Methodology” on March 02, 2011 at CSE training said that investors were very much dependent on the role of Issue Managers and Auditors. Any inflated financial statement if it was approved by the regulator or issuer and raised the capital from the public successfully, then the price in the secondary market of that issuer’s share would not be sustained obviously. ‘Our stock market has witnessed many examples in the recent bearish trend’ he added.

He said that investors should be patient enough in case of investing fundamentally good shares. ‘Our stock market deserves for sustaining price of good shares. Whimsical or rumors based investment decisions cannot sustain in the long run’, he added.



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BICM launches training in Chittagong

Bangladesh Institute of Capital Market (BICM) had launched its training program on February 13, 2011 in Chittagong for the first time for the compliance officers of CSE Members. The program was jointly organized by BICM and CSE at CSE Conference Hall, Chittagong where 45 participants from different Member’s organizations attended the program.

Mr. Abdul Hannan Zoarder, Executive Director of BICM said that BICM was established in December 2010 as an educational institute aiming to provide training to develop human resources as skilled ones for the country’s stock market. There is a huge shortage of knowledgeable persons about capital market in Bangladesh. He said that the BICM would offer short-term

training course on capital market to the interested persons including working officials in the market initially. He added that BICM had plans to provide long-term training courses in future. Introduction of PhD and MPhil courses is also in their future plans.

Mr. Tareq Kamal, Vice President, CSE said as the Chief Guest that CSE was the first initiator in 2005 placed proposal to the Securities and Exchange Commission for setting up a professional training institute on capital market.SEC took the lead and formed BICM later on.

Mr. Ahmad Dawood, Company Secretary and Head of Finance, Mr. AKM Shahroze Alam, AGM, and Market Development were present in the program among others.

February 13, 2011: CSE Vice President Mr. Tareq Kamal was addressing as Chief Guest in the training program jointly organized by CSE and BICM

Authorized Representatives’ training held in Chittagong

Securities and Exchange Commission and Chittagong Stock Exchange Limited had jointly organized a two day long training program for CSE Members’ Authorized Representatives on the 11th and 12th March 2011. This training is mandatory for getting registration certificate of Authorized Representatives from the Commission.

Mr. Muhammad Yasin Ali, Member, SEC inaugurated the program at a city hotel in Chittagong.

Professor Dr. Mohammed Abdullah Mamun, CEO, CSE made the welcome speech while

Mr .Mohammed Yasin Ali was the Chief Guest.

Mr. Ahmad Dawood, Company Secretary and Head of Finance, were present in the program among others.

March 11-12, 2011: Md. Yasin Ali, Member, SEC inaugurated the Training Program for the Authorized Representatives of CSE Member Companies jointly organized by SEC & CSE.



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Blood Donation and Eye camp at CSE

July 14, 2011: CSE and Red Crescent Society, Chittagong jointly organized blood a donation program and CSE and Lions Club jointly organized an eye screening camp under the program of corporate social responsibility at CSE Library, Chittagong. The program was inaugurated by CSE President Fakhor Uddin Ali Ahmed.

As part of its CSR (Corporate Social Responsibility) activities, the CSR committee of Chittagong Stock Exchange jointly organized a Blood Donation Program with Bangladesh Red Crescent Society, Chittagong and an Eye Camp with Lions Club of Chittagong, Hill View, for the Members and Employees of Chittagong Stock Exchange at CSE Library on the 14th July 2011. Mr. Fakhar Uddin Ali Ahmed, President, CSE inaugurated the day-long program at 10.30 am. In his inaugural speech, CSE President said that it was a great initiative that CSE had taken so far. The process had started and in future CSE would come up with newer form of CSR activities. He appreciated the role of CSE CSR committee for their all out support and coordination to make the program a success. He also thanked the participants who donated their blood. Mr. Al Maruf Khan, FCA, Mr. Tareq Kamal, Vice Presidents, CSE; Mirza Salman Ispahani, Nasir Uddin Ahmed Chowdhury, former CSE Presidents; CSE Directors Mr. Mohammed Mohiuddin, FCMA, Mr. ASM Shahidullah, Md. Mafizuddin, Mr. Bijon Chakraborty, and Mr. Syed Sajid Husain, CEO, CSE along with CSE Officials were also present in the occasion.

Contribution to victims of Mirsarai Tragedy

CSE donated Tk. 10,000 to each family of every student deceased as well as wounded by an earlier road accident in Mirsarai. Mr. Tareq kamal, Vice President, CSE; Mr. ASM Shahidullah, Director, CSE and Chairman of CSR Committee of CSE; Mr. Syed Sajid Husain,CEO, CSE andMr. Akhter Parvez, Member, CSE handed over the cheques to the victims’ family. Mr. Ahmad Dawood, Company Secretary, CSE;Mr. Sayed Kutub, TNO; Master Kabir Nizami, 13 No. UP Chairman and Mr. Shahidul Kader Chowdhury, 11 No. UP Chairman were also present in the occasion. They met the victims’ family at Mayani 13 No.Union Parishad office’s hall room at 5.30 pm on the 21st July 2011. CSE Board of Directors and CSE Management were deeply shocked with the rest of the nation due to sudden sad demises of the students.

July 21, 2011: CSE donated Tk.10,000 to each family of every student deceased as well as wounded by an earlier road accident in Mirsarai. Mr. Tareq Kamal, Vice Present, CSE,Mr. ASM Shahidullah, Director, CSE and Chairman of CSR Committee of CSE, Mr. Syed Sajid Husain, CEO, CSE and Mr. Akhter Parvez, Member handed over the cheques to the victims’ family.



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REGULATORY UPDATES-2011FROM JANUARY TO DECEMBER 2011Lending capacity of merchant banks and brokerage houses Securities and Exchange Commission repealed the ceiling on the lending capacity of merchant banks and brokerage houses to BDT 10 crore as margin loan to a single investor. The Commission set the ceiling through its directive on July 25, 2010. No loan sanction is allowed to the directors or employees of stockbrokers for share purchase from their own firms. (SEC/CMRRCD/2009-193/88 dated January 09, 2011)Initial margin loanThe Commission allowed a new investor to enjoy margin loan facilities just 15 days after the opening of a beneficiary owner’s account, instead of 30 days.(SEC/CMRRCD/2009-193/90 dated January 09, 2011)Margin IssuesThe investors would be eligible for margin loan at 1:2 instead of the current 1: 1.5 from Member and Merchant Bank from January 11, 2011(SEC/CMRRCD/2009-193/92 dated January 10, 2011)Non-marginable securities.Netting or adjustment facilities had been opened for all non-marginable securities.(SEC/CMRRCD/2009-193/94 dated January 10, 2011)Limit on investment by Mutual FundThe Securities and Exchange Commission relaxed the highest limit of mutual fund’s investment in the shares of a single company up to March 31, 2011. As per law, a Mutual Fund is not allowed to invest more than 10% of its total scheme size in shares of a single company and 25% of the size of its all schemes in the shares of a single industry, debenture and other securities. The Commission again relaxed the rule on September 18, 2011 and extended upto December 31, 2011. (SEC/CMRRC/2009-193/96 dated January 11, 2011)14 companies shifted to Main MarketOn January 23, 2011, the Commission directed CSE and DSE to lift 14 companies from OTC market to Main Market as the companies had been declared as eligible for dematerialization. These 14 companies were sent to OTC market as they failed to de-materialize paper share within deadline.(SEC/CMRRCD/2009-193/97 dated January 16, 2011)Suspension of book building methodOn January 19, 2011 the Securities and Exchange Commission postponed the book building method for initial public offering until further order. (SEC/CMRRCD/2008/186/98/Admin dated January 20, 2011)Suspension of the branch offices openingThe Securities and Exchange Commission (SEC) suspended the branch offices opening by stock brokers on February 22,2011 .Circuit breaker on the indexSEC has introduced circuit breaker on the capital market index which halts the market if the index gains or loses more than 225 points. The move came in a bid to prevent unusual fluctuation in the market on January 19, 2011. It was removed from January 25, 2011

Circuit breaker on individual stockThe Commission halved the limit of circuit breaker on individual stock in a bid to tighten the price fluctuation of shares of the company on January 25, 2011.

Monitoring of the availability of quarterly financial statements in the website of listed companiesAs per SEC Directive No. SEC/CMRRCD/2009-193/09 dated January 17, 2010 the listed companies shall make available the detailed quarterly financial statements in their respective websites.The new directive from the Commission provides the responsibility of monitoring and ensuring such posting by listed companies to the stock exchanges. The stock exchange will submit the compliance reports to the Commission on quarterly basis about the posting of quarterly financial statement in their website by the respective listed company. Both the stock exchanges shall also simultaneously post it in their respective website through web link. (SEC/CMRRCD/2009-193/101 dated March 10, 2011)

Mutual fund IPOsIn another reversal the Commission decided to increase the private placement ceiling of individual investors in mutual fund IPOs to Tk. 2.5m from Tk 1m and totally withdraw all ceiling limits for the institutional investors. However, the existing one year lock-in on all placements would continue. (SEC/CMRRCD/2006-157/101/Admin/02-59 dated March 14, 2011)

Unlisted security The Commission directed that in case of issuance of further security by unlisted security other than rights or bonus shares, to any person other than the existing shareholders, as the case may be, offer for such issue shall be made through Offer/ Information Document containing, among others, determination of the offer price and the justification of premium (if any) in accordance with the provisions of the Securities and Exchange Commission (Public Issue) Rules, 2006.

(SEC Directive No. SEC/CMRRCD/2009-103/Admin/ dated May 8, 2011)

Appointment of auditor by the listed companyCompanies disbursing dividend at less than 10% of par value or paid-up capital or 7.5% of net worth during a financial year, whichever is lower, will have to explain the grounds for any partial or non distribution of profit in the annual general meeting (AGM) resolution, as per a new directive of Securities & ExchangeCommission (SEC). The companies will also have to submit a detail future plan for utilization of any undistributed profit with schedule. The SEC again provides a condition on the appointment of auditor by the listed company. The issuer/listed company shall not reappoint any chartered accountancy firm as statutory auditors for more than three consecutive years. The companies will also have to submit an unedited, continuous and uninterrupted audio-visual recording of their AGM proceedings to the SEC and the stock exchanges.(SEC/CMRRCD/2009-193/104/Admin dated July 27, 2011)Uniform face Value of listed securitiesThe Securities & Exchange Commission (SEC) has decided to fix Tk 10 uniform face value of for all the listed scrips of companies and mutual funds.

(SEC/CMRRCD/2009-193/109 dated September 15, 2011)


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Loan exposure of banks The timeframe to reduce loan exposure of banks to their capital market subsidiaries and excess investment of non-bank financial institutions (NBFIs) in the stock market has been extended by another year up to 31 December, 2012. Bangladesh Bank issued two circulars for this purpose on September 19, 2011.

(SEC/CMRRCD/2009-193/111 dated September 21, 2011)

Sale of sharesThe Commission prohibited the sponsor, director or share holder holding 5% or more shares of any listed company from selling its shares of that company through its directive no. SEC/CMRRC/2009-193/111 dated September 21, 2011. The suspension will continue until SEC issues further order in this regard.

Guideline on private placement of sharesThe Securities and Exchange Commission made a guideline for placement shares with private placement with a one year lock-in period in the sales of stocks, mandatory tax identification numbers of subscribers and submission of the subscribers’ list to the regulator. The guideline issued on October 02, 2011 has limited the total number of private placement subscribers to a maximum of 100, including institutions, the shares allotted through private placement will be subject to lock-in for one year. Before raising capital through private placement, a company must obtain approval from the SEC. The application to SEC should be submitted through a merchant bank along with an information memorandum. The guideline further said that a complete list of subscribers should be submitted to the SEC within 15 working days of closing of the subscription. SEC has also fixed the lock-in period for sponsors for 3 years from the date of the regulators consent and also obligated post issue shareholding of the sponsors to be at 30% of the total paid-up capital of the company.

Amendment to Securities and Exchange Commission (Public Issue) Rules 2006A good number of changes have been made in the Initial Public Offering (IPO) rules under the book building method on October 5, 2011. Some of them were previously made by the Commission through three SEC directives on different dates in the year 2010. The Commission inserted the provisions of the said directives in the Securities and Exchange Commission (Public Issue) Rules 2006 on October 5, 2011.

The significant changes among others were made in the procedure of road show and bid. The time gap between closure of biding by eligible institutional investors and subscription opening of general investors bidding is shortened from 25 working days to 15 working days in the new amendment. Previously no institutional investor was allowed to quote for more than 10% (Ten percent) of the total security offered for sale, subject to maximum of 5 (Five) bids. The new amendment re-fixed the minimum percentage from 10% to 5 %.

The ratio on distribution of security to be issued under book-building method had been modified. The quota of Public Portion has been decreased and increased in case of eligible institution investors’ in the new rules. The lock in period for eligible institutional investors has been increased from 15 days to four months.

The Commission had withdrawn the suspension on book building method through the same notification of October 26, 2011.Rules relevant to Broker/dealer licenseThe Commission altered Securities and Exchange Commission

2000 and inserted Rule 5 (ka) in the said rule through a notification dated October 10, 2010. (Gazette on November 23, 2010). The rule 5 (ka) refers to a condition or criteria to be fulfilled by a company who applies for broker/dealer

license to Securities and Exchange Commission under the said Rules. It said that more than 50% members of the board of directors of Applicant Company or statutory organization can not be the members of the board of directors of its subsidiary company or organization or Associates of its sponsor or parent company/sponsor company. In the new rule the Commission gave time for one year to the existing stock brokers/dealers from the date of gazette notification to comply with the rule.

Mutual Fund Rules

The Commission altered the mutual fund rules named 2001 on October 13, 2011. After the amendment,

the asset management companies can be the sponsors of their own mutual funds, and they can also manage investment portfolios of other institutions. As per the existing rules, neither the asset management companies can be sponsors of their own mutual funds, nor can they manage investment portfolios of other institutions.

The amendment also said that the name of the mutual fund must start with the name of the associated asset management company. The amendments also defined the institutional investors. Pension fund, provident fund, endowment fund and any corporate organization, trust, cooperative society and non government organization would be considered as institutional investors.

The regulator has allowed the asset management companies to provide investment management and advisory services to their clients. However, the asset management companies would need to inform the regulator about it before providing such services.

Another major change in the rules is that the minimum public offering size of the mutual funds will be 25 percent, instead of 50 percent, of the total fund size. An individual investor will be allowed to receive up to Tk 1 crore units of a mutual fund in pre-IPO placement. In line with the previous rules, an individual was not allowed to receive more than Tk 25 lakh units of a mutual fund in pre-IPO placement. The lock-in on all private placements of a mutual fund has been re fixed form the existing one year to sixth months.

SEC orders on Reporting to the Securities and Exchange Commission

The Securities and Exchange Commission through its letter no. SEC/SRMIC/94-231/271 dated October 12, 2011 ordered that stock exchange/ CDBL shall at first receive all the complaints related to the securities and settle them within 15 days of receiving the complaints. The exchange/CDBL will submit a full report along with details/explanation of such settlement to the Commission in the format as designed in the said letter within the third date of the next month. It further said that the Commission will take appropriate action if a party aggrieved by the said settlement applies to the Commission along with a copy of settlement.

Again on the same day the Commission ordered the stock exchanges through its letter of SEC/SRMIC/94-231/272 that the stock exchange shall submit a full report to the Commission in the format as designed in the said letter on the free float holding of shares of the listed companies.

Right Issue Rules

The Securities and Exchange Commission amended the right issue rules to ensure more transparency in the mechanism of raising funds by listed companies. Profitability record in preceding years, submission of credit rating and original auditor’s report in case of premium value, and “due diligence” certificate by directors are the key features in the amendment to the Securities and Exchange Commission ( Rights Issue) Rules 2006 made on November 2, 2011. In line with the amendment, a listed company that will intend to offer rights issue must have profitability record in immediate preceding year. Removing the words “net positive

REGULATORY UPDATES-2011


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cash flows from its operating activities” from an existing clause, the SEC included: “No issuer of a listed security shall price its rights share above par value, if it has not been in commercial operation for immediate past three years having a track record of profitability.”The Commission also deleted a rule that asked for submitting cash flows statement, profit and loss account, balance sheet and notes to the accounts of the issuer made up to a date not earlier than 180 days from the rights share offer document date, together with certificate from the auditors. If a company offers rights issue at a premium value, it will have to have credit rating from a rating agency -- a new insertion into the rights issue rule.Rules inserted to confirm submission of original auditor’s report to the commission, due diligence certificate by the directors, and submission of Memorandum and Articles of Association, Certificate of Incorporation, Certificate of Commencement of Business, Return of Allotment of Shares and Particulars of Directors. An application for issuing rights share along with the offer document will have to be furnished to the commission for approval within fifteen working days of approval of such issue by the shareholders of the company in a general meeting, the amendment proposal said. The previous rules said, such application will have to be submitted within fifteen days of the general meeting. As per the amendment to the said rule the issuer shall post the full right offer document in the issuer’s websites and also put on the web sites of the Commission, stock exchanges, and the issue Manager within three working days from the date of according consent and shall remain posted till the closure of the subscription list.

SEC Directive regarding Insurance companiesThe Securities and Exchange Commission through its notification no. SEC/CMRRCD/2009-193/67/Admin/03-55 dated November 14, 2010 fixed the eligibly criteria of company for public floatation. Minimum paid up capital (existing + proposed) requirement for initial public offering shall be Tk. 30 crore (thirty crore) provided that the IPO portion should not be less than Tk 12 crore (twelve crore) but not less than 10% of their total paid-up capital.The insurance companies registered before enactment of the Insurance Act, 2010 are exempted from this requirement through a notification of October 18, 2011Holding of shares by Sponsors/promoters/director of a listed companyAn important regulatory update had been made to fix the limit on the holding of shares by the sponsors/promoters and directors of a listed company. The notification dated November 22, 2011 said that the sponsors/promoters and directors of a listed company shall all time jointly hold minimum 30% (thirty percent) shares of the paid–up capital of the company . They are given time limit to comply with this requirement which is within 6 months of issuance of this notification. In case of non- holding of the said amount of shares the sponsors/promoters and directors of a listed company would not be able to sell or transfer any shares until acquisition of the aforesaid amount of shares. The listed company would not be able to declare right shares and raise capital through repeat public offer in case of failure to hold the aforesaid amount of shares.The same notification also set the qualification criteria for director (other than independent director) of listed companies. As per the notification a director shall hold minimum 2% (two percent) shares of the paid up capital to remain a director of that particular listed company. In case of casual vacancy if arises for failure to meet the criteria, any individual holding 5% (five percent) or more shares of the paid up capital shall be entitled to be a director in the next AGM.

Exemption from sub rule 2 of Rule 4 of Securities and Exchange Commission (Prohibition of Insider Trading) Rules, 1995As per the latest directive of the Securities and Exchange Commission (SEC) dated December 7, 2011, the directors, excluding the independent or nominated directors and depositors, of these companies will have to fill up the minimum stockholding quota within 6 months to retain their directorship with the companies.However the rule 4, sub-section 2 of the Securities and Exchange Commission (Prohibition of Insider Trading) Rules, 1995 restricts the sponsor, director, officer, staff, auditor, legal advisor and other insiders of the listed company from buy, sell, transfer or any other type of handover of shares of the concerned company between the date preceding financial year end by 2 months and the date of final acceptance or approval of the annual accounts by the board.So the Commission exempted sponsors/promoters/director of a listed company jointly holding less than 30%(thirty percent) shares of the paid-up capital of the company from the sub rule 2 of Rule 4 of Securities and Exchange Commission (Prohibition of Insider Trading) Rules, 1995 to acquire the minimum required 30% (thirty percent) shares as per the notification dated November 22, 2011. Thesame notification also allowed a director (other than independent /nominated director) of any listed company holding less than 2% (two percent) shares of the paid-up capitalto acquires the minimumrequired 2% shares within 6 months issuance of this notification dated December 7, 2011.Appointment of CEO/MD of Merchant BankerThe Securities and Exchange Commission (SEC) has brought changes in Securities and Exchange Commission (Merchant Banker and Portfolio Manager) Rules 1996

on December 20, 2011.It said that the Board of Directors of Merchant Bakers shall appoint a CEO or Managing Directors of the company. The person appointed as the CEO/MD shall not be associated with the stock exchange or any member of the Exchange, nor shall be, associated with in any whatsoever, with any issuer company orshall not engage himself in any business , directly or indirectly, including trading or dealing in any securities. At the same time the person can not be a shareholder or promoter or directors of a merchant bank. The tenure of office of the CEO/MD of a merchant bank shall be three years, which may be renewed with the prior approval of the Commission. The said amendments also barred the merchant banks from sacking their managing directors / chief executive officers without prior permission of the Securities and Exchange Commission.The new amendments included the powers of CEO/MD of Merchant Banker in the rules.It said that the CEO/MDshall have full powers to give effect to the policies, directives, guidelines and orders issued either by the Commission or by the Board from time to time, to implement the provisions of laws, rules, regulations and bye-laws and to take such other actions as may be required for these purpose. It further said that in case of conflict between any policy, directive, guideline or order issued by the Board and also by the Commission on any matter, the policy, directive, guideline or order issued by the Commission shall prevail.As per the amendment the CEO/MD of a merchant bank may, in case of emergency exercise any other power not specifically vested in him subject to informing the President of the Board and the Commission simultaneously, but such action shall have to be confirmed by the Board in its meeting that shall be held next after the exercise of such power. The CEO/MD shall regularly submit reports to the Board, with copy to the Commission, in respect of the activities and functions of the administration and also regarding implementation status of the policies, directives, guidelines and orders issued by the Board or the Commission.

REGULATORY UPDATES-2011


PORTFOLIO


Particulars 2006 2007 2008 2009 2010 2011

Market Days 232 237 238 244 244 235

New Listing 10 16 15 16 23 14

No. of Securities 212 229 238 217 225 241

% change 0.95 8.02 3.93 (8.82) 3.69 7.11

Annual Turnover(BDT mn) 16,529.60 52,370.60 100,747.10 162,019.30 340,929.30 186,336.50

% change 17.69 216.83 92.37 60.82 110.43 (45.34)

Daily Avg Turnover (BDT mn) 71.2 220.9 423.3 664.00 1,397.30 792.92

% change 31.85 210.25 91.63 56.86 110.44 (43.25)

Number of shares Traded(000) 331,648 652,224 972,811 1,338,780 2,129,129 2,518,282

% change 6.87 96.66 49.15 37.62 59.04 18.28

Number of Contracts 717,678 1,566,311 2,805,138 4,403,202 7,415,220 6,059,995

% change 7.12 118.25 79.09 56.97 68.41 (18.28)

Market Capital (BDT mn) 270,510 613,175 807,875 1,470,807 2,983,929.20 1972423.4

% change 22.99 126.67 31.75 82.06 102.88 (33.90)

CASPI 3,724.39 7,657.06 8,692.75 13,181.38 23,448.99 14880.37

CSE-30 3,342.46 6,935.49 7,566.95 10,306.87 20,988.17 13826.94

CSCX 2,432.50 4,921.25 5,680.59 8,560.05 15,156.37 9572.67

Number of Companies Declared Cash Dividend 92 89 82 78 72 42

Number of Companies Declared Stock Dividend 22 33 53 64 100 22

Number of Companies Declared Both Stock Dividend

24 27 23 53 30 16

SUMMARY STATISTICS : 2006-2011


PORTFOLIOM

onth

-w

ise

Year

ly S

tatis

tics


Janu

ary

Febr

uary

Mar

chAp

rilM

ayJu

neJu

lyAu

gust

Sept

embe

rOc

tobe

rNo

vem

ber

Dece

mbe

r

No. o

f Sec

uriti

es23

123

323

323

423

723

823

923

823

923

924

124

1

% c

hang

e2.

670.

870

0.43

1.28

0.42

0.42

(0.4

2)0.

420

0.84

0

New

Lis

ting

62

01

41

10

10

20

Turn

over

:

Trad

ing

Days

2017

2219

2122

2017

2021

1719

Tur

nove

r(BDT

mn)

21

,733

.20

15,2

85.5

025

,020

.60

16,9

06.6

013

,053

.10

18,3

82.0

031

,135

.90

10,7

07.3

010

,095

.10

8,83

9.00

7,47

2.70

6,87

3.30

% c

hang

e(4

7.21

)(2

9.67

)63

.69

(32.

43)

(22.

79)

40.8

269

.38

(65.

61)

(5.7

2)(1

2.44

)(1

5.46

)(8

.02)

Daily

Avg

Tur

nove

r (BD

T m

n)10

86.7

899.

111

37.3

889.

862

1.6

835.

515

56.8

629.

850

4.8

420.

943

9.6

361.

8

% c

hang

e(4

4.57

)(1

7.26

)26

.49

(21.

76)

(30.

14)

34.4

186

.33

(59.

55)

(19.

85)

(16.

62)

4.44

(17.

70)

Num

ber o

f sha

res

Trad

ed (0

00)

196,

371.

8415

5,32

7.86

288,

337.

9921

6,90

5.36

192,

080.

0726

9,43

8.35

440,

574.

1216

9,42

6.73

140,

201.

2414

8,47

6.12

140,

490.

7113

3,62

7.94

% c

hang

e(3

3.47

)(2

0.90

)85

.63

(24.

77)

(11.

45)

40.2

763

.52

(61.

54)

(17.

25)

5.90

(5.3

8)(4

.88)

Dai

ly A

vg N

umbe

r of s

hare

s Tr

aded

(000

) 9,

818.

599,

136.

9313

,106

.27

11,4

16.0

79,

146.

6712

,247

.20

22,0

28.1

79,

966.

287,

010.

067,

070.

298,

264.

187,

860.

47

% c

hang

e(3

0.15

)(6

.94)

43.4

4(1

2.90

)(1

9.88

)33

.90

79.8

6(5

4.76

)(2

9.66

)0.

8616

.89

(4.8

9)

No. o

f Sec

uriti

es T

rade

d22

122

022

722

522

322

623

222

022

522

221

222

2

Adva

nced

131

195

6830

124

197

2327

815

410

8

Decl

ined

201

219

3215

318

998

3119

719

721

354

107

Unch

ange

d7

00

44

44

01

14

7

Mar

ket C

apita

l (BD

T m

n)2,

724,

695.

801,

867,

204.

302,

268,

246.

502,

116,

245.

702,

031,

128.

002,

237,

585.

002,

427,

408.

202,

301,

409.

902,

177,

940.

501,

903,

401.

501,

976,

469.

701,

972,

423.

40

% c

hang

e(2

9.97

)(3

1.47

)21

.48

(6.7

0)(4

.02)

10.1

68.

48(5

.19)

(5.3

6)(1

2.61

)3.

84(0

.20)

Mar

ket C

apita

l (m

n US

D)36

,945

.03

25,4

04.1

431

,152

.95

28,2

92.0

527

,135

.98

29,9

50.2

732

,365

.44

29,5

05.2

428

,911

.99

24,9

62.6

425

,453

.57

24,0

53.9

4

% c

hang

e(3

6.76

)(3

1.24

)22

.63

(9.1

8)(4

.09)

10.3

78.

06(8

.84)

(2.0

1)(1

3.66

)1.

97(5

.50)

Paid

-Up

Capi

tal (

BDT

mn)

242,

454.

7025

1,21

4.70

271,

782.

0027

6,93

8.10

291,

945.

9030

2,91

7.30

305,

750.

0030

2,60

3.70

309,

143.

5031

6,23

4.20

318,

265.

3032

2,12

9.10

% c

hang

e2.

683.

618.

191.

905.

423.

760.

94(1

.03)

2.16

2.29

0.64

1.21

Indi

ces:

CASP

I21

,424

.58

14,6

84.1

317

,758

.67

16,9

41.1

516

,028

.16

17,0

59.5

318

,375

.53

17,6

73.2

716

,668

.94

14,4

14.0

215

,005

.29

14,8

80.3

7

% c

hang

e(8

.63)

(31.

46)

20.9

4(4

.60)

(5.3

9)6.

437.

71(3

.82)

(5.6

8)(1

3.53

)4.

10(0

.83)

CSE-

3018

,398

.27

13,1

87.9

714

,926

.09

14,3

52.3

313

,913

.09

15,3

60.8

215

,768

.28

15,4

46.5

514

,709

.13

13,4

39.0

714

,042

.29

13,8

26.9

4

% c

hang

e(1

2.34

)(2

8.32

)13

.18

(3.8

4)(3

.06)

10.4

12.

65(2

.04)

(4.7

7)(8

.63)

4.49

(1.5

3)

CSCX

13,8

73.0

29,

477.

5811

,459

.11

10,9

13.9

110

,311

.37

10,9

74.1

211

,825

.46

11,3

27.4

610

,679

.41

9,28

3.59

9,62

5.32

9,57

2.67

% c

hang

e(8

.47)

(31.

68)

20.9

1(4

.76)

(5.5

2)6.

437.

76(4

.21)

(5.7

2)(1

3.07

)3.

68(0

.55)


PORTFOLIO

Turnover Value : 2011

MonthNo. of Trading

DaysTotal Turnover

(Tk. Mn) Average Turnover

(Tk. Mn)

Maximum Turnover (Tk.

Mn)Date

Minimum Turnover (Tk.

Mn)Date

January 20 2,173.32 108.67 187.17 2-Jan-11 12.00 20-Jan-11

February 17 1,528.55 89.91 123.37 22-Feb-11 66.30 28-Feb-11

March 22 2,502.06 113.73 176.81 10-Mar-11 63.28 1-Mar-11

April 19 1,690.66 88.98 123.82 11-Apr-11 62.91 21-Apr-11

May 21 1,306.36 62.21 106.06 31-May-11 40.60 11-May-11

June 22 1,838.20 83.55 123.87 7-Jun-11 55.54 20-Jun-11

July 20 3,113.59 155.68 202.77 21-Jul-11 86.16 5-Jul-11

August 17 1,070.73 62.98 120.11 1-Aug-11 36.07 21-Aug-11

September 20 1,009.51 50.48 90.09 29-Sep-11 36.25 8-Sep-11

October 21 892.36 42.49 62.43 13-Oct-11 20.09 20-Oct-11

November 17 804.06 47.30 119.68 23-Nov-11 17.41 13-Nov-11

December 19 704.27 37.07 59.66 14-Dec-11 24.24 12-Dec-11

500

1,000

1,500

2,000

2,500

3,000

3,500

MonthwiseTurnover (Tk. Mn)


-200,000

300,000

800,000

1,300,000

1,800,000

2,300,000

0

5000

10000

15000

20000

25000

J F M A M J J A S O N D

Turn

over

000

'

Inde

x

Month

CSE Market Performance 2011

CASPI CSE30 CSCX Turovern Tk.000


PORTFOLIO

Sl. Sector Dec '11 Dec '10 (+/-) (%)

1 LIFE INSURANCE 102218.47 163565.10 (61,346.63) (37.51)

2 GENERAL INSURANCE 11675.85 20579.77 (8,903.92) (43.27)

3 TEXTILES & CLOTHING 4131.89 7806.70 (3,674.81) (47.07)

4 PHARMA & CHEMICALS 15856.20 20835.94 (4,979.74) (23.90)

5 FOODS & ALLIED 7660.66 9537.68 (1,877.02) (19.68)

6 CEMENT 3446.34 5084.14 (1,637.80) (32.21)

7 ENG. & ELECTRICAL 6429.12 11330.69 (4,901.57) (43.26)

8 LEATHER & FOOTWEAR 4317.03 5374.66 (1,057.63) (19.68)

9 SERVICES & PROPERTY 3305.39 6828.13 (3,522.74) (51.59)

10 PAPERS & PRINTING 1783.97 2593.85 (809.88) (31.22)

11 ENERGY 8738.66 12934.94 (4,196.28) (32.44)

12 MUTUAL FUNDS 5526.33 10689.48 (5,163.15) (48.30)

13 BANK 59775.75 88836.20 (29,060.45) (32.71)

14 CERAMIC 729.80 1412.11 (682.31) (48.32)

15 ICT 8221.34 12063.85 (3,842.51) (31.85)

16 LEASING & FINANCE 28801.83 59186.60 (30,384.77) (51.34)

17 TELECOMMUNICATION 989.74 1486.42 (496.68) (33.41)

18 MISCELLANEOUS 6858.11 10965.30 (4,107.19) (37.46)

0.00

20000.00

40000.00

60000.00

80000.00

100000.00

120000.00

Sector Index 2011

Sectoral Index



PORTFOLIO

Sl. Sector PE Ratio Change % Cash Dividend Yield Change %Dec '10 Dec '11 Dec '10 Dec '11

1 LIFE INSURANCE 0.02 0.21 950.00 2 GENERAL INSURANCE 60.35 19.46 (67.75) 0.09 1.33 1,377.78 3 TEXTILES & CLOTHING 57.98 24.45 (57.83) 0.19 0.56 194.74 4 PHARMA & CHEMICALS 35.54 23.82 (32.98) 0.80 1.37 71.25 5 FOODS & ALLIED 53.34 35.06 (34.27) 0.22 0.58 163.64 6 CEMENT 33.05 21.46 (35.07) 1.39 0.85 (38.85)7 ENG. & ELECTRICAL 59.38 26.72 (55.00) 0.17 3.01 1,670.59 8 LEATHER & FOOTWEAR 21.17 15.78 (25.46) 2.21 5.27 138.46 9 SERVICES & PROPERTY 64.88 14.51 (77.64) 4.55 1.28 (71.87)10 PAPERS & PRINTING 82.04 45.72 (44.27) 0.51 1.38 170.59 11 ENERGY 22.52 14.31 (36.46) 0.63 3.17 403.17 12 MUTUAL FUNDS 40.08 8.50 (78.79) 0.71 1.45 104.23 13 BANK 25.23 11.37 (54.93) 0.71 0.48 (32.39)14 CERAMIC 76.99 30.35 (60.58) 0.02 1.31 6,450.00 15 ICT 63.70 32.31 (49.28) 0.73 1.26 72.60 16 LEASING & FINANCE 48.70 13.39 (72.51) 0.20 0.6 200.00 17 TELECOMMUNICATION 22.22 20.69 (6.89) 2.44 5.17 111.89 18 MISCELLANEOUS 18.48 8.82 (52.27) 1.76 3.08 75.00

19% 24% 24%

35%

21% 27%

16% 15%

46%

14% 9%

11%

30% 32%

13%

21%

9%

5.00 10.00 15.00 20.00 25.00 30.00 35.00 40.00 45.00 50.00

Sectorsise Market P/E, 2011


Most Active Securities in 2011

Rank Company Name Turn Over% of total turnover

1 U.C.B.L. 973.36 5.22

2 BEXIMCO 921.10 4.94

3 UNITED AIRWAYS (BD) LTD. 862.31 4.63

4 AFTAB AUTO. 727.43 3.90

5 GRAMEENPHONE LIMITED 673.37 3.61

6 Bextex Ltd 667.77 3.58

7 NATIONAL BANK 492.01 2.64

8 AB BANK LTD. 427.24 2.29

9PEOPLE'S LEASING & FINANCIAL SERVICES LTD.

419.85 2.25

10 SOUTHEAST BANK LIMITED 388.01 2.08

0.00

200.00

400.00

600.00

800.00

1000.00

1200.00

Most Active Securities 2011

5.22% 4.9

4% 4.63%

3.90%

3.61%

3.58%

2.64%

2.29%

2.25%

2.08%



PORTFOLIO

Turnover

A 86.21

B 5.55

N 5.98

Z 2.26

Category -wise Turnover Value : 2011

Contracts & Turnover Volume : 2011

Turnover

A

B

N

Z86.21

5.555.98 2.26

MonthNo. of Trading

Days No. of

Contracts

Daily Average No. of Contracts

No. of Traded Shares ('000)

AverageNo. of Shares ('000)

Maximum Volume

DateMinimum Volume

Date

January 20 510,910 25,545 196,372 9,819 19318.75 2-Jan-11 1221.282 20-Jan-11

February 17 441,136 25,949 155,328 9,137 12112.86 22-Feb-11 7110.095 10-Feb-11

March 22 744,613 33,846 288,340 13,106 22671.16 10-Mar-11 6949.53 30-Mar-11

April 19 542,569 28,556 216,905 11,416 18859.02 11-Apr-11 7860.329 6-Apr-11

May 21 514,869 24,517 192,223 9,153 17912.33 31-May-11 6616.196 11-May-11

June 22 686,192 31,190 269,438 12,247 19258.63 7-Jun-11 8471.423 26-Jun-11

July 20 961,989 48,099 440,574 22,029 29264.29 21-Jul-11 13939.883 5-Jul-11

August 17 364,929 21,466 169,427 9,966 17135.93 1-Aug-11 6798.561 10-Aug-11

September 20 361,178 18,058 140,201 7,010 10991.26 27-Sep-11 4104.066 8-Sep-11

October 21 348,021 16,572 148,962 7,093 10828.70 13-Oct-11 3731.015 20-Oct-11

November 17 296,467 17,439 147,074 8,651 19037.58 23-Nov-11 3347.783 13-Nov-11

December 19 287,128 15,112 153,439 8,076 12475.87 14-Dec-11 5189.472 1-Dec-11

10,000 210,000 410,000 610,000 810,000 1,010,000

JanuaryFebruary

MarchAprilMay

JuneJuly

AugustSeptember

OctoberNovemberDecember

Monthwise Contracts 2011

500

5500

10500

15500

20500

25500

30500

35500

Monthwise Trade Volume 2011



PORTFOLIO

Sl. Sector No. of Companies No. of Contracts No. of Shares ('000) Turnover in Mn. Tk. % of Total Turnover

1 LIFE INSURANCE 10 37,594 4,076.78 1556.20 0.84

2 GENERAL INSURANCE 29 192,150 45,672.31 5350.36 2.87

3 TEXTILE N CLOTHING 20 534,534 290,432.60 18705.85 10.04

4 PHARMA N CHEMICAL 17 270,630 92,066.36 8752.59 4.70

5 FOODS N ALLIED 11 89,521 36,121.11 2532.07 1.36

6 CEMENT 6 252,582 42,879.14 8634.52 4.63

7 ENG N ELECTRICAL 16 367,971 66,621.18 14929.54 8.01

8 LEATHR N FOOTWEAR 5 5,832 1,122.67 212.07 0.11

9 SERVICES N PROPERTY 5 444,867 214,765.37 12101.50 6.49

10 PAPERS N PRINTING 3 10,316 7,369.89 347.32 0.19

11 ENERGY 12 283,799 67,947.35 9039.65 4.85

12 MUTUAL FUNDS 37 255,486 541,636.57 5782.29 3.10

13 BANK 29 2,384,241 830,903.75 59528.71 31.95

14 CERAMIC 5 142,461 41,589.50 4333.00 2.33

15 ICT 5 66,423 50,773.37 1675.56 0.90

16 LEASING N FINANCE 20 352,167 77,353.40 14928.84 8.01

17 TELECOMMUNICATION 1 105,788 36,946.76 6733.75 3.61

18 MISCELLANEOUS 9 258,879 69,955.36 11149.92 5.98

19 CORPORATE BOND 3 4,760 49.01 42.95 0.02

Sectoral Performance: 2011

0.84%2.87%

10.04%

4.70%

1.36%

4.63%

8.01%

0.11%

6.49%

0.19%

4.85%3.10%

31.95%

2.33%0.90%

8.01%

3.61%5.98%

0.02%0.00

5.00

10.00

15.00

20.00

25.00

30.00

35.00

Sectorwise Turover %



PORTFOLIO

Top10 CSE Members Top 10 Securities by Market Capitalization

Rank 2011 Rank 2010 Member Code Member Companies

1 1 91 LANKA BANGLA SECURITIES LTD.

2 5 96 INTERNATIONAL SECURITIES CO. LTD

3 2 56 KABIR SECURITIES LTD.

4 25 SYLHET METROCITY SECURITIES LTD.

5 6 76 SOHEL SECURITIES LTD.

6 4 22 SALTA CAPITAL LIMITED

7 7 27 BE RICH LTD.

8 10 38 SR CAPITAL LTD.

9 3 3 MEENHAR SECURITIES LTD.

10 9 33 SYLNET SECURITIES LTD.

Company Tk. in Bn. % of Total

Grameenphone 221.45 11.36

Titas Gas 63.97 3.28

Square Pharmaceuticals 62.87 3.22

National Bank 57.56 2.95

Islami Bank 54.64 2.80

ICB 53.14 2.73

Beximco 40.31 2.07

BSRM Steels 38.57 1.98

BATBC 37.14 1.90

Prime Bank 34.86 1.79

SL Company NamePaid-up-

Capital/Fund Size(Tk. Mn)

No.of sharesMarket

LotFace Value

( Tk.) Issue Price(Tk.) Date of Listing Trade in CSE

1 Deshbandhu Polymer Ltd. 400 40,000,000 500 10 10 16-Jan-11 17-Jan-11

2 AIBL 1st Mutual Fund 1000 100,000,000 500 10 10 9-Jan-11 10-Jan-11

3BRAC Bank Subordinated 25% convertible Bonds

3000 3,000,000 5 1000 1000 7-Feb-11 8-Feb-11

4 MBL 1st Mutual Fund 1000 10,000,000 500 10 10 7-Feb-11 8-Feb-11

5 Salvo Chemical Industry Ltd. 401 40,100,000 500 1060( Tk.10+

50premi)20-Apr-11 21-Apr-11

6 M.I.Cement Factory Ltd. 1000 100,000,000 100 10 111.60 5-May-11 8-May-11

7 Barakatullah Electro Dynamics Ltd. 860 86,000,000 200 60 n/a 18-May-11 19-May-11

8 Southeast Bank 1st Mutual Fund 907.13 90,713,000 500 10 10 22-May-11 23-May-11

9 EBL NRB Mutual Fund 1500 150,000,000 500 10 10 22-May-11 23-May-11

10 MJL Bangladesh Ltd. 1803.2 40,000,000 100 10 115 23-Jun-11 26-Jun-11

11The First Scheme of Reliance Insurance Mutual FUND

550 55,000,000 500 10 10 6-Jul-11 7-Jul-11

12 LR Global Bangladesh Mutual Fund One 3000 300,000,000 500 10 10 18-Sep-11 19-Sep-11

13 Rangpur Dairy & Food Products Ltd. 400 400,000,000 200 10 18 ( Tk. 8 premium) 20-Nov-11 28-Nov-11

14 Zahintex Industries Ltd. 450 45,000,000 500 1025 (Tk.15 premium)

24-Nov-11 28-Nov-11

New Listing



PORTFOLIO

SL Company NameIPO Offered with

premium(Tk.)/Discount price

Subscription received from IPO( Tk. mn)

Subscription Times (Against IPO)

1 MJL Bangladesh Ltd. 4876.80 23,684.77 4.86

2 M.I.Cement Factory Ltd. 2678.40 16,350.31 6.10

3 Salvo Chemical Industry Ltd. 260.00 10,950.91 42.12

4 Barakatullah Electro Dynamics Ltd. 1200.00 7,552.72 6.29

5 Southeast Bank 1st Mutual Fund 500.00 407.79 0.82

6 EBL NRB Mutual Fund 750.00 751.66 1.00

7 Reliance Insurance Mutual Fund 275.00 545.39 1.98

8 LR Global Bangladesh Mutual Fund 150.00 1,505.68 10.04

9 Rangpur Dairy & Food Products Ltd. 294.15 5,469.54 18.59

10 Zahintex Industries Ltd. 500.00 7,948.81 15.90

11 AB Bank 1st Mutual Fund 750.00 753.47 1.00

12Bangladesh Shipping Corporation (REPEAT PUBLIC OFFER)

3137.00 3,815.53 1.22

13 First Bangladesh Fixed Income Fund 2,500.00 2,502.80 1.00

14 NLI First MutualFund 300.00 257.60 0.86

SL Company Name Sub.Open Sub.Close Ratio

1 Aims First Guranteed Mutual Fund 26-Dec-10 20-Jan-11 130%

2 Eastern Insurance Company Ltd. 25-Jan-11 22-Feb-11 100%

3 Fu-Wang Foods Ltd. 13-Feb-11 10-Mar-11 100%

4 United Commercial Bank Ltd. 6-Mar-11 31-Mar-11 100%

5 Bangladesh Welding Electrodes Ltd. 10-Mar-11 7-Apr-11 200%

6 Continental Insurance Ltd. 10-Mar-11 3-Apr-11 50%

7 Asia Insurance Ltd. 31-Mar-11 25-Apr-11 100%

8 Social Islami Bank Ltd. 10-Apr-11 8-May-11 100%

9 Sonargaon Textiles Ltd. 24-Apr-11 19-May-11 100%

10 Mercantile Insurance Company Ltd. 28-Apr-11 16-May-11 100%

11 City General Insurance Companyy Ltd. 24-May-11 20-Jun-11 100%

12 Pioneer Insurance Compnay Ltd 31-May-11 23-Jun-11 20%

13 Janata Insurance Company Ltd. 1-Jun-11 23-Jun-11 200%

14 Sinobangla Industries Ltd. 19-Jun-11 14-Jul-11 100%

15Internationl Leasing and Financial Services Ltd.

6-Sep-11 2-Oct-11 100%

16 United Airways (BD) Ltd. 22-Sep-11 13-Oct-11 100%

17 Federal Insurance Company Ltd. 5-Sep-11 3-Oct-11 200%

18 Bank Asia Ltd. 12-Oct-11 17-Nov-11 25%

19 Lafarge Surma Cement Ltd. 19-Oct-11 13-Nov-11 100%

20 Premier Leasing & Financial Services Ltd. 26-Oct-11 22-Nov-11 100%

Rights Shares

IPOs in the Market



PORTFOLIO

For CSE Internet Trading Services

Please Visit

www.bangladeshstockmarket.com


PORTFOLIO

CHITTAGONG STOCK EXCHANGE LTD.

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PORTFOLIOI wish to subscribe the quarterly Journal PORTFOLIO of Chittagong Stock Exchange Ltd. for

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Overseas Annual Subscription US$ 12 with Postal Charge applicable.

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PORTFOLIO

Portfolio October to December 2011

Documents

Transcript of Portfolio October to December 2011