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PORTFOLIO

ISSUE OCT-DEC, 2011

PORTFOLIO

ISSUE OCT-DEC, 2011

PORTFOLIO

FOURTH QUARTER
OCTOBER - DECEMBER 2011

CSE Registered Offce

.........................................................................................

The quarterly publication PORTFOLIO is


Published by Market Development Department
Chittagong Stock Exchange Ltd.

CSE Building
1080 Sk. Mujib Road, Agrabad
Chittagong, Bangladesh
Tel : 88 031 - 714632-3,
720871-3, 726976-7
Fax : 88 031-714101
e-mail : cse@csebd.com
website : www.cse.com.bd
www.csebd.com
www.bangladeshstockmarket.com

.........................................................................................

Dhaka Regional Office


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

Eunoos Trade Center Ltd. (Level-15)


52-53 Dilkusha C/A, Dhaka-1000
Tel : 88 02-9513911-15
Fax : 88 02-9513906

.........................................................................................

Disclaimer
Views expressed by authors in the published
articles are their own. Every reasonable care
has been taken to ensure the accuracy of all
the matters printed. The Chittagong stock
Exchange Ltd. (CSE) does not accept
responsibility for any consequence of their
use.

Sylhet Regional Office


Ananda Tower (3rd Floor)
North Dhopadhigirpar,
Jailroad, Sylhet-3100
Tel : 88 0821 721213, 721215
Fax : 88 0821 721214

ISSUE OCT-DEC, 2011

PORTFOLIO

Board of Directors
President

Nominated Directors

Al-Maruf Khan, FCA

Abdus Salam
Abul K. A. Mubin

Vice-Presidents

A.K. Azad

Mirza Salman Ispahani

C.M. Shafi Sami

M.K.M. Mohiuddin

Kutubuddin Ahmed

Tareq Kamal

Salim Uddin, FCA, FCMA


Moinul Islam Mahmud

Elected Directors

Parveen Mahmud, FCA

Abu Sayed Md. Shahidullah

Architect Taslim Uddin Chowdhury

ASM Nayeem, FCCA, FCA

Dr. Yussuf Abdullah Harun, FCA

Bijan Chakroborty

Dr. Zaidi Sattar

Fakhor Uddin Ali Ahmed

Mr. Syed Sajid Husain

Md. Mofizuddin

CEO & Ex-Officio Director

Mohammed Mohiuddin, FCMA


Nasiruddin Ahmed Chowdhury

Former Presidents

Shahjada Mahmud Chaudhuri

Tenior

Amir 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

Editorial Board
Mr. Syed Sajid Husain, MBA (IBA), EEE(BUET)
Chief Executive Officer
Mr. Ahmad Dawood, FCA, FCMA
Head of Finance & Company Secretary
Mr. AKM Shahroze Alam, MBA (RRU), M. Com.
Assistant General Manager, Market Development

ISSUE OCT-DEC, 2011

Mr. Kamal Uddin Jalal, MBA (USTC), M.


Com.
Assistant General Manager, Research &
Development
Mr. Khaled Hamidi, M. Com.
Manager, Market Development

PORTFOLIO

PORTFOLIO

October-December 2011
Special Annual Edition 2011

Editorial
CSE Milestones
Economic Outlook
International Market Review
Article :

04
05
06
07

1. Dr. Zaidi Sattar


2. Prof. Dr. Saleh Jahur

08
10

Corporate News
Economic News
News on International Markets

16
18
21

CSE Market Statistics :October-December 2011 :


Market Performance : OCT-Dec 2011
Billboard as on Dec 2011
CSE Performance graph
Most Active : Oct-Dec 2011
Most Gainers : Oct-Dec 2011
Sector-wise Performance
Basic Statistics on Listed Securities
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 (OTC) Market
Shareholding Composition of Listed Securities

23
23
24
25
26
26
28
42
44
44
45
45
46
48
54
56

CONTENTS
Round up 2011 :

Major CSE Events-2011


Regulatory Updates-2011
CSE Market Statistics-2011 :

72

Summary Statistics
Month-wise Yearly Statistics
CSE Market Performance
Turnover Value : 2011
Sectoral Index
Sector-wise Market Indicator
Most Active Securities
Category-wise Turnover Value -pie chart

75
76
77
77
78
79
79
80

62

Contracts & Turnover Volume


Sectoral Performance
Top 10 CSE Members
Top 10 Securities by Mkt. Capitalization
New Listing
IPOs in the Market
Rights Shares

80
81
82
82
82
83
83

ISSUE OCT-DEC, 2011

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

ISSUE OCT-DEC, 2011

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
ISSUE OCT-DEC, 2011

PORTFOLIO

Economic Outlook
Sl No
1
2
3
4
5
6
7
8
9

10
11
12

13
14
15
16
17
18
19
20
21
22
23
24

25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41

Item
GDP at Current Market Price
GDP growth rate at (1995/96) Constant price
Price Indices of Agricultural Product
General Index of Industrial Production
Annual Per Capita GDP
Annual Per Capita GNI
GNI at Current Price
Tax to GDP
Investment Rate (% of GDP)
(a) Public Sector
(b) Private Sector
Domestic Savings Rate (% of GDP)
National Savings Rate (% of GDP)
Industrial/Mfg. Growth Rate (% of GDP)
(a) Large & Medium Scale Industry
(b) Small Scale Industry
Agricultural Growth Rate (% of GDP)
Inflation, GDP deflator (annual)
Services (% of GDP)
Exports of goods and services (% of GDP)
Imports of goods and services (% of GDP)
Total Domestic outstanding debt (% of GDP)
Total Financing (% of GDP)
FDI Inflow
Portfolio Investment
Domestic Credit
Revenue Collection
Monetary Aggregates
(a) Narrow Money (M1)
(b) Broad Money(M2)
(c) Currency in circulation
Reserve Money
Growth of Money Supply
Monetary Base to Money Supply ratio
Reserve Money Multiplier
Bank Rate
Dollar conversion (month average)
Inflation Rate (weighted Avg.)
Call Money Rate (monthly average)
Commercial Lending Rate (weighted Avg.)
Deposit Rate (weighted Avg.)
Balance of lending & deposit rate
Value of Import
Value of Export
Balance of Trade
Foreign Exchange Reserve
Remittances
Government Borrowing
(a) Bangladesh Bank
(b) Deposit Money Bank

Unit
Tk. Crore
Per cent
1969-70=100
1988-89=100
US$
US$
Tk. Crore
Per Cent
Per Cent
Per Cent
Per Cent
Per Cent
Per Cent
Per Cent
Per Cent
Per Cent
Per Cent
Per Cent
Per Cent
Per Cent
Per Cent
Per Cent
Per Cent
US$ Million
US$ Million
Per Cent
Per Cent

2007-08
545,822
6.21

2008-09
614,943
5.74

2009-10
694,324
6.07

2010-11
787495 (P.)
6.66

2011-12
787495 (P.)

384.82
559.00
608.00
594,212
8.80
24.21
4.90
19.30
20.31
30.21
7.21
7.26
7.10
2.93
8.79
49.50
17.80
24.50
17.22
4.13
650
48
248,767.80
47,435.66

413.00
620.00
676.00
670,696
8.54
24.37
4.70
19.70
20.08
29.57
6.68
6.58
6.90
4.10
6.41
49.70
17.40
22.70
17.72
3.57
941
(159)
288,507.20
52,527.25

442.12
687.00
751.00
758,928
8.95
24.41
5.00
19.40
20.10
30.02
6.50
5.98
7.77
5.56
5.67 (Est.)
49.78
16.20
21.30
16.92
2.62
636
(117)
340,176.00
62,157.18

497.26 (jul to feb)


755.00 (P.)
818.00 (P.)
852,822 (P.)
8.56 (P.)
24.73 (P.)
5.30 (P.)
19.50 (P.)
19.59 (P.)
28.40 (P.)
9.51 (P.)
10.41 (P.)
7.34 (P.)
4.82 (P.)
49.72
14.50
19.50
16.72 (P.)
2.59 (P.)
768
(28)
433,419.20
82,320.68

324 (July-oct)
31 (July-oct)
472,494.60 (Now)
31,605.44 (July-Nov)

Tk. Crore
Tk. Crore
Tk. Crore
Tk. Crore
Per Cent
Per Cent
Times
Per Cent
1$=Tk.
Per Cent
Per Cent
Per Cent
Per Cent
Per Cent
US$ Million
US$ Million
US$ Million
US$ Million
US$ Million

59,849.90
248,794.90
35,648.50
52,789.60
17.63
21.22
4.71
5.00
68.53
9.94
9.74
11.82
7.46
4.36
21,629.00
14,110.80
(7,518.20)
6,148.82
7,914.78

66,426.90
296,499.80
39,448.70
63,390.00
19.17
23.40
4.27
5.00
69.06
6.66
1.71
13.46
8.26
5.20
22,507.10
15,565.19
(6,941.91)
7,470.96
9,689.26

87,988.30
3,63,031.20
50,465.40
80,510.30
22.44
22.18
4.51
5.00
69.36
7.31
6.62
12.36
7.40
4.97
23,738.40
16,204.65
(7,533.75)
10,749.74
10,987.40

103,101.10
440,519.90
60,526.90
97,493.50
21.34
22.13
4.52
5.00
74.19
8.80
10.93
13.74
9.09
4.65
33,657.50
22,924.38
(10,733.12)
10,911.55
11,650.32

1,08,017.80 (as of oct)


4,64823.90 (as of Nov)
64,302.70 (Nov)
99,158.30 (Nov)
5.52
21.33
4.69
5.00
81.99 (as on 29th Dec)
10.51 (as of Nov)
12.70 (as of Nov)
13.95 (as of Nov)
9.97 (as of Nov)
3.98 (as of Nov)
11,765.50 (July-oct)
8,118.51 (July-oct)
(3,646.99)
9,285.20 (Nov)
4,921.08 (July-Nov)

Tk. Crore
Tk. Crore

25,523.80
36,681.30

28,479.20
47,542.30

21,793.30
52,252.70

31,358.10
66,306.10

39,228.40 (as of oct)


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

ISSUE OCT-DEC, 2011

PORTFOLIO

International Market Review


Americas
Country

INDEX

VALUE

CH ANGE

% CHANGE

12,845.10

-17.1

-0.13%

S&P 500 INDEX

1,344.33

-0.57

-0.04%

NASDAQ COMPOSITE INDEX

2,901.99

-3.67

-0.13%

VALUE

CHANGE

% CHANGE

DOW JONES INDUS. AVG


USA

Europe

GDP
( in Bn USD)
14582

Interest Rate (%) Inflation Rate (%)

0.25

3.00

Country

INDEX

UK

FTSE 100 INDEX

5,892.20

-8.87

-0.15%

GDP
( in Bn USD)
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

VALUE

CHANGE

% CHANGE

Interest Rate (%) Inflation Rate (%)

Asia-Pacific

Australia

S&P/ASX 200 INDEX

4,274.20

-21.78

-0.51%

GDP
( in Bn USD)
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

India

BSE Sensex

Malaysia

Country

INDEX

Interest Rate (%) Inflation Rate (%)

2,451.53

-52.79

-2.11%

5879

6.56

4.10

17,785.20

77.86

0.44%

1729

7.50

6.49

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

ISSUE OCT-DEC, 2011

PORTFOLIO

Monetary Policy Statement January 2012


BB Bites the Bullet

Article

Zaidi Sattar

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.

10 ISSUE OCT-DEC, 2011

Article

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 BBs 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, BBs 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

ISSUE OCT-DEC, 2011

11

Article

PORTFOLIO

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 millers 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 trades 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 CBTs 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
Corn
Oats
Soybeans
Soybean meal
Soybean oil
Wheat
Barley
Flaxseed
Canola
Rye
Cattle
Hogs
Pork bellies
Cocoa
Coffee
Cotton
Milk
Orange, juice, Sugar, lumber, and Rice

Currencies
British pound
Canadian dollar
Japanese yen
Euro
Swiss franc
Australian dollar
Mexican peso
Brazilian real

Equity Indexes
S&P 500 index
Dow Jones Industrials
S&P Midcap 400
Nasdaq 100
NYSE index
Russell 2000 index
Nikkei 225
FTSE index
CAC-40
DAX-30
All ordinary
Toronto 35
DJ Euro STOXX 50

Interest Rates
Eurodollars
Euroyen
Euro-denominated bond
Euroswiss
Sterling
British gov. bond (gilt)
German gov. bond
Italian gov. bond
Canadian gov. bond
Treasury bonds
Treasury notes
Treasury bills
LIBOR
EURIBOR
Municipal bond index
Federal funds rate
Bankers acceptance

Metals & Energy


Copper
Aluminum
Gold
Platinum
Palladium
Silver
Crude oil
Heating oil
Gas oil
Natural gas
Gasoline
Propane
CRB index
Electricity
Weather

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 todays 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 ones 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 days 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 futures 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 contracts 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 customers 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 corporations 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 FCMs. 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 industrys 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 customers 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 customers
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.

ISSUE OCT-DEC, 2011

17

PORTFOLIO

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.

18 ISSUE OCT-DEC, 2011

(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 BBB1 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.

PORTFOLIO
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 Dec10 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 Dec2010 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 A2 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 BBB2 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.

ISSUE OCT-DEC, 2011

19

PORTFOLIO

Economic News
Bangladesh going good among LDCs

Placement rule finalized

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.

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.

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, governments 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.

20 ISSUE OCT-DEC, 2011

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

PORTFOLIO
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
Bangladeshs 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, governments 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 SECs 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

ISSUE OCT-DEC, 2011

21

PORTFOLIO
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)
Loans extended to capital market subsidiaries of the banks will no
longer be considered as exposure to stock market

Surplus fund of insurance companies to be injected in stock market


Sponsor-directors of listed companies will have to hold minimum
30% stake in their respective companies
Stock market subsidiaries of the financial institutions will be allowed
to mobilize 49% of their funds from sources other than from parent
companies
4-point mid-term measures (within 3 months)
Initiatives to launch Investment Advisory Service
Availability of Equity Research Publication
Formulation of Corporate Governance Guideline
Immediate measures to increase the capital of merchant banks and
other subsidiaries
6-point long-term measures (within 6months)
Formulation of Financial Reporting Act (FRA)
Upgrading and tightening present Insider Trading Rules

Banks long-term equity investment will not fall under capital


market exposure limit

Making the Small Investor Protection law more time-befitting &


sustainable

Repatriation of brokerage commission to foreign brokerage firms


in case of foreign investment will be expedited (subject to proper
documentation)

Demutualisation of the bourses

10% withholding tax on profits from stock investments by foreign


institutions and NRBs will be withdrawn
Consideration of banks exposure limit to the stock market will be
altered to a net-off basis from marking to market basis
Deadline for adjusting single-borrower exposure limit of banks has
been extended to December 31, 2013
Commercial banks commit more stock market investment

22 ISSUE OCT-DEC, 2011

Strengthening mutual funds and making those more attractive


Strengthening monitoring activities and establishing improved
surveillance 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.

PORTFOLIO

News on International Markets


London 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. DFMs new corporate
vision and mission are summarized by five key values which govern the
exchanges behavior internally and externally including: transparency,
efficiency, confidentiality, innovation and integrity. DFMs new slogan
Connecting liquidity underlines the exchanges 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 LSEGs 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 Maples 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 TSEs arrownet trading system and NYSE Euronexts 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
ISSUE OCT-DEC, 2011

23

PORTFOLIO
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, TSEs 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 FSAs Approved Reporting
Mechanism. Existing TRS clients can now rapidly migrate to the
UnaVista platform, the Groups own ARM, which has acquired the rights
to accept brokers TRS-formatted data submissions. TRS customers
will benefit from UnaVistas 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

24 ISSUE OCT-DEC, 2011

News on International Markets


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 exchanges efforts to re-launch its equity derivatives
segment. According to the agreement, BSEs members will trade on
its derivatives segment using ODINs 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 SEMs 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.

PORTFOLIO

CSE Market Statistics


October-December 2011

Market Performance: October- December 2011

CSE All Share Price Index as on 31/12/11


CSE-30 Index as on 31/12/11
CSCX Index as on 31/12/11
Total Turnover Value ( Tk mn)
Total Turnover Value ( US$ mn)
Total Turnover Volume ( No. mn)
Market Capitalisation (Tk.Bn) as on 31/12/11
Market Capitalisation (US$ Bn) as on 31/12/11
Issues Traded
Issues Gained
Issues Declined
Issues Unchanged
Average Daily Turnover Value (Tk. Mn)
Average Daily Turnover Volume (No. Mn)
Number of days Traded
Cash Dividend Yield as on 31/12/11
Price Earning Ratio (X) as on 31/12/11

Present Quarter

Previous Quarter

14,880.37
13,826.94
9,572.67
23,981.05
292.45
449.44
1,972.42
24.05
231
19
212
420.72
7.88
57
1.87
14.32

16,668.94
14,709.13
10,679.41
50,890.96
675.57
722.62
2,177.94
28.91
232
85
142
5
892.82
12.68
57
1.36
16.25

Quarterly Change
(+/-)
(1,788.57)
(882.19)
(1,106.74)
(26,909.90)
(383.12)
(273.18)
(205.52)
(4.86)

(%)
(10.73)
(6.00)
(10.36)
(52.88)
(56.71)
(37.80)
(9.44)
(16.80)

(472.10)
(4.79)
0.51
(1.93)

(52.88)
(37.80)
37.50
(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

Billboard as on December 31, 2011


Total number of listed securities
Total number of companies
Total number of mutual funds
Total number of Corporate Bonds
Total number of issued share, mutual fund certificates and corporate bonds
Total number of shares of all listed companies
Total number of certificates of all listed mutual funds
Total number of all listed Corporate Bonds
Total issued capital of all listed securities
Total issued capital of all listed companies
Total issued capital of all mutual funds
Total issued capital of all corporate bonds
Total market capitalisation of all listed securities
Total market capitalisation of all companies
Total market capitalisation of all mutual funds
Total market capitalisation of all corporate bonds

241
201
37
3
30,696,038,188
27,762,056,508
2,926,913,000
7,068,680
322,129,054,600
285,791,244,600
29,269,130,000
7,068,680,000
1,972,423,439,259
1,934,029,950,299
31,483,675,500
6,909,813,460

ISSUE OCT-DEC, 2011

25

CSE Market Statistics

PORTFOLIO

Oct-Dec
2011

CSE Performance : Oct-Dec 2011


Date
October 2, 2011
October 3, 2011
October 4, 2011
October 5, 2011
October 9, 2011
October 10, 2011
October 11, 2011
October 12, 2011
October 13, 2011
October 16, 2011
October 17, 2011
October 18, 2011
October 19, 2011
October 20, 2011
October 23, 2011
October 24, 2011
October 25, 2011
October 26, 2011
October 27, 2011
October 30, 2011
October 31, 2011
November 1, 2011
November 2, 2011
November 3, 2011
November 13, 2011
November 14, 2011
November 15, 2011
November 16, 2011
November 17, 2011
November 20, 2011
November 21, 2011
November 22, 2011
November 23, 2011
November 24, 2011
November 27, 2011
November 28, 2011
November 29, 2011
November 30, 2011
December 1, 2011
December 4, 2011
December 5, 2011
December 7, 2011
December 8, 2011
December 11, 2011
December 12, 2011
December 13, 2011
December 14, 2011
December 15, 2011
December 18, 2011
December 19, 2011
December 20, 2011
December 21, 2011
December 22, 2011
December 26, 2011
December 27, 2011
December 28, 2011
December 29, 2011

26 ISSUE OCT-DEC, 2011

All Share Index

CSE-30

CSCX Index

Turnover Mn Tk.

16,643.9675
16,332.1765
16,231.9273
16,155.1367
15,630.6464
15,554.1933
14,951.6317
15,062.0959
15,578.7367
15,159.4114
15,221.0405
14,969.8721
14,826.6812
15,473.1327
15,930.4678
15,474.6210
15,795.5388
15,399.2746
15,148.0152
14,560.4403
14,414.0189
14,862.9329
14,843.3154
14,775.5687
14,369.3058
13,944.6497
13,384.0448
14,211.4495
14,559.9833
15,104.2914
15,145.5991
15,884.2514
15,278.1640
15,240.2338
14,465.3337
14,840.0669
14,687.9616
15,003.8530
14,879.3289
14,653.7730
14,363.3373
14,352.8784
14,098.4138
13,878.2419
13,861.1915
14,255.0283
14,049.1272
14,101.4579
14,105.0335
14,290.5059
14,269.0110
14,570.6408
14,773.6373
14,571.4946
14,824.5270
14,754.4608
14,880.3749

14,672.6569
14,465.1935
14,394.7068
14,345.3442
13,917.0127
13,856.2082
13,403.2374
13,597.3656
14,033.4519
13,675.1091
13,714.0680
13,548.0271
13,474.6328
14,244.6359
14,643.3947
14,238.2236
14,446.6458
14,141.0737
13,956.8163
13,520.1422
13,439.0703
13,797.7498
13,776.6572
13,827.0232
13,581.2889
13,247.7976
12,797.9656
13,623.1032
13,831.2789
14,070.8901
14,010.9426
14,633.1019
14,195.5378
14,177.1051
13,511.3363
13,919.3661
13,786.6156
14,042.2875
13,930.7706
13,744.0308
13,541.2242
13,429.7840
13,257.2741
13,093.2343
13,064.9791
13,435.9355
13,297.7080
13,364.2906
13,380.4294
13,628.9843
13,592.5756
13,738.7213
13,854.8577
13,697.0210
13,828.4000
13,798.9763
13,826.9433

10,665.0535
10,461.0875
10,385.4968
10,328.6360
9,992.6415
9,942.5372
9,555.2193
9,622.2129
9,955.6488
9,689.9014
9,731.1631
9,566.1972
9,477.2076
9,900.5099
10,201.8874
9,923.5251
10,145.9379
9,897.0126
9,736.3791
9,368.4181
9,283.5921
9,566.0925
9,549.7735
9,502.8358
9,244.5142
8,967.0333
8,605.0752
9,136.2992
9,358.0104
9,672.5413
9,682.1754
10,170.5901
9,791.7793
9,768.9989
9,273.5291
9,517.9160
9,423.5545
9,624.3712
9,542.6721
9,405.8766
9,222.3300
9,215.3362
9,058.2146
8,925.9600
8,918.4116
9,169.1206
9,039.0763
9,072.0480
9,074.9593
9,198.4148
9,183.3845
9,373.3852
9,503.4318
9,375.3178
9,536.9431
9,491.9577
9,572.6722

554.74
421.86
479.94
412.41
483.50
419.69
502.53
565.23
624.28
450.85
414.85
357.43
518.77
200.93
464.73
371.91
389.47
296.26
342.65
357.84
293.74
328.40
324.93
224.12
174.14
347.96
312.43
352.77
495.21
529.95
560.84
851.62
1196.79
600.05
554.28
491.45
353.91
341.75
250.69
275.60
325.19
381.84
306.62
283.31
242.26
516.80
596.30
314.56
270.93
418.83
360.49
341.29
492.06
364.65
412.83
436.10
441.26

Oct-Dec
2011

CSE Market Statistics

PORTFOLIO

CSE Market Performance Oct-Dec, 2011


CASPI

CSE30

CSCX

Turovern Tk.000

1,400,000

18000
16000

1,200,000

14000

Index

10000

800,000

8000

600,000

6000

400,000

Tunrover 000'

1,000,000

12000

4000
200,000

2000

0
02 -Oct -11

17 -Oct -11

31 - Oct-11

21 -Nov -11
Month

05 -Dec -11

20 -Dec -11

Most Active : Oct-Dec 2011


Company
BEXIMCO
U.C.B.L.
UNITED AIRWAYS (BD) LTD.
AFTAB AUTO.
GRAMEENPHONE LIMITED
LAFARGE SURMA CEMENT LIMITED
BEXIMCO PHARMA
SOCIAL ISLAMI BANK LIMITED
NATIONAL BANK
PEOPLE'S LEASING & FINANCIAL SERVICES LTD.

% of Total
6.61
5.50
5.18
4.12
3.99
3.06
3.00
2.81
2.54
2.41

6.61%
5.18%
3.00%

2.81%

2.54%

SOCIAL ISLAMI
BANK LIMITED

NATIONAL BANK

2.41%

PEOPLE'S
LEASING &

3.06%

BEXIMCO
PHARMA

3.99%

LAFARGE
SURMA

AFTAB AUTO.

UNITED
AIRWAYS (BD)

4.12%

GRAMEENPHON
E LIMITED

5.50%

U.C.B.L.

7
6
5
4
3
2
1

BEXIMCO

% of Total Turnover Value

Most Active: Oct- Dec, 2011

ISSUE OCT-DEC, 2011

27

CSE Market Statistics

PORTFOLIO

Oct-Dec
2011

Most Gainers : Oct-Dec 2011


Change%

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

12.76%

12.18%

11.39%

10.00

9.50%

7.25%

7.15%

6.36%

6.10%

5.00
-

PRIME BANK 1ST


ICB AMCL
MUTUAL FUND

MEGHNA PETROLEUM

13.51%

15.00

PUBALI BANK

11.39

20.00

UTTARA BANK
LIMITED

FIRST JANATA BANK MUTUAL FUND

DHAKA BANK
LIMITED

12.18

MEGHNA
PETROLEUM

12.76

PRIME FINANCE 1ST MF

20.75%

FIRST JANATA
BANK MUTUAL
FUND

EASTERN BANK LIMITED

Most Gainers: Oct - Dec, 2011


25.00

PRIME FINANCE
1ST MF

13.51

EASTERN BANK
LIMITED

20.75

AL-ARAFAH ISLAMI BANK LTD

AL-ARAFAH
ISLAMI BANK LTD

INTECH ONLINE LIMITED

INTECH ONLINE
LIMITED

Company

Sector-wise Performance : Oct-Dec 2011


SL
SECTOR
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19

LIFE INSURANCE
GENERAL INSURANCE
TEXTILES & CLOTHING
PHARMA & CHEMICALS
FOODS &
ALLIEDPRODUCTS
CEMENT
ENG. & ELECTRICAL
LEATHER & FOOTWEAR
SERVICES & PROPERTY
DEVELOPMENT
PAPERS & PRINTING
ENERGY
MUTUAL FUNDS
BANKING
CERAMIC
ICT
LEASING & FINANCE
TELECOMMUNICATION
MISCELLANEOUS
CORPORATE BOND
Total

No. of
Companies

Issued Shares

Issued Capital

10
29
20
16

149,726,683
872,067,179
1,070,261,101
1,047,560,110

Tk.
1,497,266,830
13,109,191,310
10,702,611,010
10,475,601,100

% of
Total

Market % of
capitalisation Total
Tk.
43,552,043,382 2.21
56,029,700,722 2.84
54,616,826,461 2.77
141,863,317,881 7.19

0.46
4.07
3.32
3.25

Turnover Value

Tk.
553,952 120,836,255.75
9,092,398 545,167,850.25
32,145,019 1,528,259,715.00
19,189,174 1,531,420,484.15

0.50
2.27
6.37
6.39

175,179,387

1,751,793,870

0.54 11,737,586,850

0.60

413,831,061.25

1.73

6
17
5

1,428,272,080
913,161,800
58,465,000

14,282,720,800
9,131,618,000
584,650,000

4.43 69,872,110,776
2.83 93,760,025,065
0.18 13,985,114,500

3.54
4.75
0.71

11,685,283 1,361,233,586.75
11,558,040 1,657,326,704.80
361,509
26,731,041.50

5.68
6.91
0.11

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

2,132,537,632 0.11
3
60,901,896
609,018,960 0.19
11 2,762,301,306 27,623,013,060 8.58 235,987,598,683 11.96
37 2,926,913,000 29,269,130,000 9.09 31,483,675,500 1.60
29 14,324,881,918 143,248,819,180 44.47 659,247,017,106 33.42
5
464,494,567
4,644,945,670 1.44 29,178,009,470 1.48
4,085,060,075 0.21
5
146,107,728
1,461,077,280 0.45
20 1,763,518,542 20,672,685,420 6.42 183,337,967,428 9.30
1 1,350,300,022 13,503,000,220 4.19 221,449,203,608 11.23
9
506,303,649
5,807,696,490 1.80 88,052,520,553 4.46
3
7,068,680
7,068,680,000 2.19
6,909,813,460 0.35
241 30,696,038,188 322,129,054,600
100 1,972,423,439,259 100
Sectoral Turnover: Oct - Dec, 2011

TELECOMMUNICATION
1%

LIFE INSURANCE
0%
GENERAL INSURANCE
2%
PHARMA & CHEMICALS
4%

LEASING & FINANCE


4%
CERAMIC
2%

CORPORATE BOND
0%

ICT
2%

TEXTILES & CLOTHING


7%

FOODS & ALLIEDPRODUCTS


2%

ENG. & ELECTRICAL


3%

CEMENT
3%
LEATHER & FOOTWEAR
0%

BANKING
36%

SERVICES &
PROPERTY
DEVELOPMENT
12%

MUTUAL FUNDS
15%

PAPERS & PRINTING


0%

ENERGY
3%

8,359,945

% of Toal
transaction

10

MISCELLANEOUS
4%

28 ISSUE OCT-DEC, 2011

Turnover
Volume

810,135
13,817,463
66,303,590
162,782,838
8,004,581
9,581,244
16,563,965
6,040,389
18,284,609
4,948
449,442,849

27,724,916.50
1,224,740,869.30
562,073,957.50
8,120,696,607.00
571,890,168.75
261,038,923.00
1,475,938,279.15
957,660,190.00
2,011,731,353.55
4,515,979.50
23,981,054,153.10

0.12
5.11
2.34
33.86
2.38
1.09
6.15
3.99
8.39
0.02
100

PORTFOLIO

Basic Statistics on Listed


Securities

Shareholding Composition Most Active Securities


of Listed Securities

NAV of Mutual Funds

Major CSE Events-2011

Most Active CSE Members :


Oct-Dec 2011

Regulatory Updates-2011 Contracts & Turnover


Volume

Sectoral Index

CSE Market Statistics-2011

Sectoral Performance

Sector-wise Market
Indicator

Summary Statistics

Top 10 CSE Members

New Listing : Oct-Dec 2011

Month-wish Yearly
Statistics

Top 10 Securities by
Market Capitalization

IPOs in the Market :


Oct-Dec 2011

CSE Market Performance

New Listing

Half Yearly Performance


(Un-Audited)
of Listed Companies

Turnover Value : 2011

IPOs in the Market

CSE Over The Counter


(OCT) Market

Sector-wise Market
Indicator

Rights Shares

Category-wise Turnover
Value-pie chart

ISSUE OCT-DEC, 2011

29

CSE Market Statistics

PORTFOLIO

Oct-Dec
2011

Basic Statistics on Listed Securities


Scrip ID Company Name

Group

Year End

Last AGM
Date

Issued Share

Issued Capital
Tk.

Mkt. Lot

Capital Change
Bonus Issue Right Issue

LIFE INSURANCE
10001

DELTA LIFE INSURANCE

50

200412

17/11/2011

3,600,000

36,000,000

20%

10002

NATIONAL LIFE INS.

50

201012

3/10/2011

34,651,790

346,517,900

60%

10003

SANDHANI LIFE INS.

50

201012

27/7/2011

20,688,075

206,880,750

48%

10004

POPULAR LIFE INSURANCE

500

201012

3/8/2011

20,973,330

209,733,300

37%

10005

FAREAST ISLAMI LIFE INS.

50

201012

24/10/2011

3,939,120

39,391,200

40%

10006

MEGHNA LIFE INSURANCE

50

201012

4/8/2011

23,034,368

230,343,680

40%

10007

PROGRESSIVE LIFE INS.

200

201012

21/09/2011

9,240,000

92,400,000

12%

10008

PRAGATI LIFE INS.

500

201012

15/09/2011

8,400,000

84,000,000

10009

PRIME ISLAMI LIFE INS.

50

200912

2/9/2010

15,795,000

157,950,000

35%

10010

RUPALI LIFE INSURANCE

50

201012

18/08/2011

9,405,000

94050000

14%

149,726,683

1497266830

10
GENERAL INSURANCE
11001

RUPALI INSURANCE

100

201012

7/7/2011

39,489,624

394,896,240

20%

11002

PEOPLES INSURANCE

250

201012

1/6/2011

46,200,000 4,620,000,000

5%

11003

GREEN DELTA INS.

100

201012

15/06/2011

40,824,000

408,240,000

11004

RELIANCE INSURANCE

100

201012

30/04/2011

41,067,000

410,670,000

35%

11005

JANATA INSURANCE

20

201012

26/7/2011

2,561,328

256,132,800

15%

11006

CENTRAL INSURANCE

200

201012

20/06/2011

22,467,160

224,671,600

15%

11007

FEDERAL INSURANCE

100

201012

5/7/2011

37,698,329

376,983,290

12%

11010

BGIC

100

201012

28/06/2011

51,454,524

514,545,240

12%

11011

PRAGATI INSURANCE

100

201012

20/06/2011

44,780,300

447,803,000

5%

11013

PHOENIX INS.

200

201006

15/06/2011

30,736,437

307,364,370

25%

11014

EASTERN INS

250

201012

18/7/2011

41,057,280

410,572,800

10%

11015

EASTLAND INSURANCE

100

201012

28/04/2011

37,820,430

378,204,300

37%

11016

PRIME INSURANCE COMPANY LIMITED

250

201012

18/04/2011

26,761,267

267,612,670

30%

11017

PIONEER INSURANCE COMPANY LIMITED

500

201012

30/5/2011

27,187,500

271,875,000

25%

11021

NITOL INSURANCE

250

201012

23/06/2011

18,900,000

189,000,000

12.50%

11022

ASIA PACIFIC GENERAL INS.

250

201012

3/7/2011

42,350,000

423,500,000

100%

200%
200%

100%

20%
100%

11024

SONAR BANGLA INS.

500

201012

21/7/2011

20,328,000

203,280,000

12%

11027

PARAMAOUNT INSURANCE

500

201012

3/7/2011

18,150,000

181,500,000

10%

11028

CITY GENERAL INSURANCE

100

201012

23/06/2011

38,478,000

384,780,000

12%

100%

11029

CONTINENTAL INSURANCE

250

201012

28/03/2011

28,495,500

284,955,000

7%

50%

11030

TAKAFUL ISLAMI INSURANCE

250

201012

2/7/2011

19,837,500

198,375,000

15%

11031

STANDARD INSURANCE

250

201012

21/06/2011

18,150,000

181,500,000

10%

11032

NORTHERN GENERAL INSURANCE

200

201012

20/06/2011

22,218,000

222,180,000

12%

11033

REPUBLIC INSURANCE

250

201012

21/06/2011

18,150,000

181,500,000

10%

11034

MARCENTILE INSURANCE

200

201012

28/06/2010

34,980,000

349,800,000

12%

100%

11035

ASIA INSURANCE

250

201012

5/5/2011

37,125,000

371,250,000

25%

100%

11036

ISLAMI INSURANCE

250

201012

21/7/2011

18,000,000

180,000,000

20%

11037

PRABHATI INSURANCE

250

201012

28/06/2011

16,800,000

168,000,000

12%

11038

DHAKA INSURANCE

500

201012

27/06/2011

30,000,000

300,000,000

100%

29

30 ISSUE OCT-DEC, 2011

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

Oct-Dec
2011

CSE Market Statistics

PORTFOLIO
Basic Statistics on Listed Securities

Scrip Face Closing Price


ID Value Price Change
Tk.

%/(%)

Price - 2011
High

Low

Tk.

Tk.

Book
Value/
Share
Tk

Turnover

Turnover

Volume

Value

EPS

Tk.

Tk.

LIFE INSURANCE

DPS

Tk.

Tk.

PER Div Yield

Price/Book
Value Ratio

Market
Capital
Mn. Tk.
Tk.

Basic Diluted

10001

10 2,645.80 (93.30) 40,098.25 29,000.00

10002

10

357.50 (90.97) 7,995.00

327.00

10003

10

162.30 (26.03)

431.00

130.10

10004

10

260.00

(7.90)

604.90

260.00

10005

10

160.70 (46.45)

424.00

10006

10

187.50 (13.71)

10007
10008

70 2,438,530.00

0.11

9524.88

2553 3,829,263.75

12388.01

95042 17,841,414.00

3357.67

130,000.00

5453.07

117.00

149030 25,134,288.00

633.02

425.00

140.00

256130 51,094,655.00

4318.94

10

152.00 (92.76) 3,280.00

137.10

1800 1,710,600.00

1404.48

10

189.90 (92.75) 4,319.00 2,621.00

1595.16

10009

10

206.40 (27.78)

409.00

177.00

31550 7,241,780.00

2.42

3260.09

10010

10

171.90 (91.59) 3,499.00

124.00

17277 11,415,725.00

500

3.00

5.00

1616.72

10

43552.04

GENERAL INSURANCE
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

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

10

150.50 (13.01)

340.90

126.00

65.93

41200 6,251,620.00 13.32 12.31 4.00 12.23

11004

10

112.00 (90.59) 1,500.00

85.00

24.73

11005

100

371.50 (29.64) 2,148.50

11006

10

70.60 (90.33) 1,135.00

58.50

15.13

11007

10

40.10 (26.29)

232.00

29.90

11.01

1744967 73,206,795.00

11010

10

49.50

78.00

37.00

14.08

1172748 56,620,478.60

11011

10

74.00 (91.59) 1,574.00

62.00

26.61

11013

10

82.90 (14.54) 1,598.00

65.00

11014

10

54.50 (92.30) 1,500.00

48.00

11015

10

91.10 (89.47) 1,644.00

11016

10

11017

2.66

2.28

6144.01

112,000.00 71.55

5.30

21.13

4.53

4599.50

19644 7,872,760.00 18.06

5.34

69.51

3.30

951.53

13840 8,820,465.00 29.81

3.49

20.23

4.67

1586.18

1.32

0.66

60.86

3.64

1511.70

2.46

2.78

17.83

3.51

2547.00

15789 2,564,935.25 33.77

3.61 1.50 20.52

2.03

2.78

3313.74

17.86

54525 4,413,380.00

3.77

22.02

4.64

2548.05

12.65

18250 2,657,757.00 37.00

1.70 0.50 32.04

0.92

4.31

2237.62

72.00

11.07

30600 6,992,925.00 61.65

4.51 3.00 20.18

3.29

8.23

3445.44

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

10

70.50 (92.81) 2,100.00

66.00

21.03

276,100.00 58.82

4.06

17.38

3.35

1916.72

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

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

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

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

10

40.00 (17.18) 1,579.50

29.10

11.41

1.54

25.91

3.50

1539.12

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

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

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

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

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

10

45.10 (91.33) 1,510.00

34.20

12.86

0.98

46.21

3.51

1577.60

11035

10

58.20 (15.65)

235.00

41.00

17.72

9.81

4.30

3.28

2160.68

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

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

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

(2.94)

270.00 112.58

100

1250

1119686 45,568,724.00

205520 17,021,962.50

4.22

2.65

2.07

1575616 91,598,846.40 11.99

5.93 2.50

56029.70

ISSUE OCT-DEC, 2011

31

CSE Market Statistics

PORTFOLIO

Oct-Dec
2011

Basic Statistics on Listed Securities


Scrip ID Company Name

Group

Year End

Last AGM
Date

Issued Share

Issued Capital
Tk.

Mkt. Lot

Capital Change
Bonus Issue Right Issue

TEXTILE
12002

PRIME TEXTILE

250

201106

24/12/2011

38,200,000

12004

APEX SPINNING

400

201103

29/09/2011

8,400,000

382,000,000
84,000,000

12006

DULAMIA COTTON

100

201106

24/12/2011

7,556,600

75,566,000

12008

BEXIMCO SYNTHETICS

200

201012

30/06/2011

68,547,320

685,473,200

12017

ALLTEX INDUSTRIES

500

201106

29/12/2011

48,000,000

480,000,000

12022

SONARGAON TEXTILE

250

201012

14/5/2011

22,915,200

229,152,000

12023

DELTA SPINNERS LTD.

200

201106

22/12/2011

30,575,200

305,752,000

12024

H.R. TEXTILES

250

201009

28/03/2011

22,000,000

220,000,000

12025

ANLIMA YARN

100

201106

22/12/2011

17,867,800

178,678,000

15%
10%

100%
10%

12030

SIAHAM TEXTILE MILLS LTD.

100

201106

9/10/2011

25,000,000

250,000,000

12031

SAFKO SPINING MILLS LTD

100

201012

26/5/2011

18,560,000

185,600,000

16%

12032

TALLU SPINNING MILLS LIMITED

100

201106

31/12/2011

21,400,258

214,002,580

15%

100%

12033

MITHUN KNITTING AND DYEING LIMITED

100

201106

31/12/2011

7,187,500

71,875,000

15%

12034

SQUARE TEXTILES LIMITED

50

201012

16/06/2011

97,405,993

974,059,930

20%

47,610,000

476,100,000

15%

170,430,000 1,704,300,000

25%

12035

METRO SPINNING LIMITED

500

201106

29/12/2011

12036

MAKSONS SPINNING

500

201006

27/12/2010

12037

THE DHAKA DYEING

500

201106

29/12/2011

584,640,000

16%

12038

R. N. SPINNING

250

201009

21/04/2011

139,141,230 1,391,412,300

30%

201106

27/12/2011

176,000,000 1,760,000,000

10%

12039

MALEK SPINNING

500

12040

ZAHINTEX INDUSTRIES

500

58,464,000

45,000,000

20

450,000,000

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

PHARMACEUTICALS
13002

SQUARE PHARMA

50

201103

21/09/11

13003

ACI LTD

50

201012

15/06/2011

13005

BEXIMCO PHARMA

50

201012

2/7/2011

13006

RECKIT BENCKISER (BD) LTD.

50

201012

15/06/2011

264,834,760 2,648,347,600
19,714,756
4,725,000

35%

197,147,560

251,767,810 2,517,678,100

20%

47,250,000

13007

AMBEE PHARMA

10

201012

30/06/2011

2,000,000

20,000,000

13008

ORION INFUSION

100

201106

18/12/2011

20,359,760

203,597,600

13011

KOHINOOR CHEMICAL

50

201106

18/12/2011

5,000,000

50,000,000

13012

LIBRA INFUSIONS LIMITED

100

201106

28/12/2011

1,251,600

12,516,000

13013

IBN SINA PHARMA

100

201012

23/06/2011

12,960,000

129,600,000

13017

KEYA COSMETICS LIMITED

500

201106

25/12/2010

61,152,474

611,524,740

13020

BERGER PAINTS

50

201012

9/5/2011

23,188,940

231,889,400

13021

ACI FORMULATIONS

50

201012

15/06/2011

30,000,000

300,000,000

31,500,000

315,000,000

20%

13022

MARICO BANGLADESH

50

201009

28/06/2011

13023

BEACON PHARMACEUTICALS

500

201106

26/12/2011

13024

ACTIVE FINE CHEMICALS

500

201012

9/6/2011

46,000,000

460,000,000

15%

13025

SALVO CHEMICALS

500

201012

4/7/2011

42,105,010

421,050,100

5%

16

231,000,000 2,310,000,000

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

FOODS & ALLIED PROCUCTS


14001

APEX FOOD

400

201106

29/09/2011

5,702,400

57,024,000

14005

AMCL(PRAN)

100

201106

24/11/2011

8,000,000

80,000,000

32 ISSUE OCT-DEC, 2011

100%

5%

200%

Oct-Dec
2011

CSE Market Statistics

PORTFOLIO
Basic Statistics on Listed Securities

Scrip Face Closing Price


ID Value Price Change
Tk.

%/(%)

Book
Value/
Share
Tk

Price - 2011
High

Low

Tk.

Tk.

824.75

Turnover

Turnover

Volume

Value

EPS

Tk.

Tk.

DPS

Tk.

Tk.

PER Div Yield

Price/Book
Value Ratio

Market
Capital
Mn. Tk.
Tk.

TEXTILE
12002

10

36.30 (93.15)

26.90

23.61

12004

10

79.40 (93.46) 1,699.00 1,213.25

48.17

193250 18,777,550.00 18.15


0

- 16.11

1.81 1.00 20.00

2.75

1.54

1386.66

1.61 1.50 49.30

1.89

1.65

12006

10

10.20 (89.95)

10.02

- (20.06) (2.01)

666.96

1.02

77.08

12008

10

38.20 (92.21)

615.00

30.10

11.31

616950 97,916,209.00

4.61

12017

10

15.00 (93.07)

361.50

11.60

9.57

1044450 65,856,750.00

1.03

0.40

95.31

3.38

2618.51

0.10

146.18

1.57

12022

10

36.00 (92.33) 1,335.00

28.00

12.74

720.00

182710 18,077,787.50 14.15

0.67

53.44

2.83

12023

10

34.40 (92.76)

717.00

28.40

20.36

824.95

461040 39,807,830.00 13.83

1.38 1.00 24.88

2.91

1.69

1051.79

12024

10

41.80 (91.54)

925.00

35.70

11.69

12025

10

32.20 (92.64)

577.75

24.00

10.66

5,314,882.50 15.55

1.41 0.50 29.58

1.20

3.58

919.60

124150 11,088,720.00 11.56

1.17 1.00 27.63

3.11

3.02

575.34

12030

10

60.70 (10.07)

222.00

27.60

13.74

975800 56,578,710.00 18.75

12031

10

35.10 (91.88)

905.00

28.90

4.16

3.31 1.50 18.34

1517.50

12032

10

88.90 (87.53)

970.00

55.00

13.14

12033

10

131.70 (90.35) 2,092.75

71.00

20.49

12034

10

113.50 (18.58)

225.00

92.50

42.12

179722 21,377,454.00

8.79

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

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

10

53.90 (10.47)

101.00

33.70

11.50

34,362,630.00

1.61

1.39

38.81

4.69

3151.21

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

10

32.60 (45.21)

104.00

22.10

14.01

7299500 301,072,150.00

0.64

0.58

56.27

12040

10

45.70

53.80

36.10

10.00

3432000 150,789,750.00

88430

2.47

4.42

8.44

651.46

0.85

105.09

6.76

1902.48

4.01

32.85

6.43

946.59

7.32 1.60 15.50

1.41

186072 21,054,603.00 (5.98) (0.52)


137850 20,266,337.50
29765

747890

9.73

7,168,600.00 46.10

2.69 11055.58

2.33

5737.60

4.57

2056.50

20

54616.83

PHARMACEUTICALS
13002

10

237.40 (90.96) 3,730.00

190.00

53.79

13003

10

210.00 (17.16)

377.80

175.10 142.70

13005

10

93.60 (13.49)

144.00

64.70

42.22

13006

10

783.50 (19.02) 1,357.80

13007

10

424.30

13008

318530 239,561,170.75 129.07


6,213,769.00

11.14

7443976 719,228,030.50

28006

5.17

9.56 3.00 24.83

1.26

4.41 62871.77

7.12 12.00 29.49

5.71

1.47

4.18

22.41

26.71 26.71 20.00 29.33

4140.10

2.22 23565.47

800.00

48.13

2.55

16.28

(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

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

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

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

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

10

71.20 (17.50)

124.00

51.00

25.04

5.26

4.39 1.50 16.22

2.11

2.84

4354.06

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

10

71.30

29.62

84100

8,129,605.00

3.05 3.00 29.21

3.36

3.01

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

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

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

10

34.00 (31.31)

78.50

27.10

10.76

952600 36,259,160.00

1.43

0.48

71.04

3.16

89.20 (25.73) 1,230.00

2593195 179,709,550.90

3.05

16

3702.04

2676.00

1431.57
141863.32

FOODS & ALLIED PROCUCTS


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

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

ISSUE OCT-DEC, 2011

33

CSE Market Statistics

PORTFOLIO

Oct-Dec
2011

Basic Statistics on Listed Securities


Scrip ID Company Name

Group

Year End

Last AGM
Date

Issued Share

Issued Capital
Tk.

Mkt. Lot

Capital Change
Bonus Issue Right Issue

FOODS & ALLIED PROCUCTS


14010

NATIONAL TEA

50

201012

29/7/2011

6,600,000

66,000,000

14012

RAHIMA FOOD CORP. LTD

500

201106

22/12/2011

20,000,200

200,002,000

14017

FU-WANG FOODS LIMITED

100

201106

25/12/2011

53,433,600

534,336,000

20%

14018

BANGAS LIMITED

100

201106

31/12/2011

1,485,000

14,850,000

32%

14021

BEACH HATCHERY LIMITED

500

201012

31/5/2011

28,336,000

283,360,000

15%

14022

FINE FOODS LIMITED

500

201106

23/12/2011

11,622,187

116,221,870

10%

14023

RANGPUR DEIRY & FOOD PRODUCTS

200

40,000,000

400,000,000

14024

CVO PETROCHEMICAL REFINERY

50

15,000,000

150,000,000

201106

27/12/2011

10

100%

25%

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

CEMENT
15001

CONFIDENCE CEMENT

20

201012

20/06/2011

37,494,600

374,946,000

15002

HEIDELBERG CEMENT BANGLADESH LTD

100

201012

13/06/2011

56,503,580

565,035,800

15003

MEGHNA CEMENT

100

201012

22/06/2011

22,500,400

225,004,000

15005

ARAMIT CEMENT LIMITED

500

201012

25/06/2011

15,400,000

154,000,000

15009

LAFARGE SURMA CEMENT LIMITED

500

201012

29/06/2011 1,161,373,500 11,613,735,000

15010

M I CEMENT

100

201106

18/12/2011

135,000,000 1,350,000,000

15%

30%

10%
100%
35%

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

ENGINEERING
16001

AZIZ PIPE

500

201012

29/06/2011

4,850,000

48,500,000

16002

QUASEM DRYCELLS

500

201106

15/12/2011

27,648,000

276,480,000

16003

ANWAR GALVANIZING

500

201006

24/03/2011

13,200,000

132,000,000

20%

16004

AFTAB AUTO.

50

201108

20/12/2011

68,380,302

683,803,020

20%

16005

OLYMPIC INDUSTRIES

100

201106

29/12/2011

52,240,875

522,408,750

50%

16009

BD. THAI ALLUMINIUM

50

201012

4/6/2011

41,099,060

410,990,600

25%

16012

BD. AUTO CARS

50

201106

29/12/2011

3,569,401

35,694,010

5%

16013

BD. LAMPS LTD.

50

201012

11/5/2011

7,208,160

72,081,600

16014

KAY & QUE (BD) LTD.

100

201012

23/06/2011

4,902,530

49,025,300

5%

16015

EASTERN CABLES LTD.

100

201012

28/06/2011

24,000,000

240,000,000

16016

RANGPUR FOUNDRY LTD.

500

201012

23/06/2011

10,000,000

100,000,000

16017

BD WELDING ELECTRODES LTD

500

201012

16/5/2011

37,076,000

370,760,000

10%

16019

SINGER BANGLADESH LIMITED

50

201012

27/04/2011

39,267,580

392,675,800

75%

16020

S ALAM COLD ROLLED STEELS

100

201009

30/03/2011

98,371,100

983,711,000

10%

50%

16021

GOLDEN SON

500

201012

18/06/2011

106,190,392 1,061,903,920

10%

100%

16022

BSRM STEELS

100

201012

31/5/2011

325,500,000 3,255,000,000

20%

16023

NAVANA CNG

100

201103

22/09/2011

17

49,658,400

496,584,000

14%

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

LEATHER & FOOTWEAR


17001

APEX TANNERY

100

201106

29/09/11

15,240,000

152,400,000

17002

APEX FOOTWEAR

200

201012

3/5/2011

11,250,000

112,500,000

17007

SAMATA LEATHER

500

201106

26/12/2011

10,320,000

103,200,000

17008

LEGACY FOOTWEAR LIMITED

500

201012

28/7/2011

7,975,000

79,750,000

17009

BATA SHOE COMPANY LTD.

100

201012

23/06/2011

34 ISSUE OCT-DEC, 2011

13,680,000

136,800,000

58,465,000

584,650,000

10%

200%

Oct-Dec
2011

CSE Market Statistics

PORTFOLIO
Basic Statistics on Listed Securities

Scrip Face Closing Price


ID Value Price Change
Tk.

%/(%)

Book
Value/
Share
Tk

Price - 2011
High

Low

Tk.

Tk.

Turnover

Turnover

Volume

Value

EPS

Tk.

Tk.

DPS

Tk.

Tk.

PER Div Yield

Price/Book
Value Ratio

Market
Capital
Mn. Tk.
Tk.

FOODS & ALLIED PROCUCTS


14010

10

500.00 (90.01) 6,051.00

462.50

74.02

190

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

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

10

160.00 (91.34) 2,339.00

105.20

14.56

1,258,643.75 25.76

14021

10

43.00 (17.47)

112.00

29.30

11.90

14022

10

53.10 (24.25)

96.70

31.00

14023

10

35.30

44.40

27.00

14024

10

380.90 (87.88)

384.00

277.00

12.75

5790

948,253.75 265.87 26.59 2.50 18.81

0.50

6.76

3300.00

1.95

81.98

10.99

237.60

1635225 68,408,825.00

2.54

2.21

19.49

3.61

1218.45

12.67

323625 16,325,650.00

1.57

1.43

37.21

4.19

617.14

10.00

2377600 81,248,000.00

3.53

1412.00

7,058,905.00 45.04

3.60

29.88

20600

105.70

10

5713.50
11737.59

CEMENT
15001

10

125.50 (17.70)

306.90

84.10

26.28

15002

10

252.20 (91.49) 3,850.00

177.60

76.89

1121032 133,856,044.00

15003

10

139.50 (24.43)

358.00

92.00

29.84

15005

10

111.80 (90.13) 1,648.00

81.10

11.69

15009

10

26.80 (95.61)

690.00

25.00

10.00

6890300 734,666,137.50 (28.22) (0.00)

15010

10

110.60 (34.94)

219.80

73.80

15.95

3498408 466,584,229.00

2768

6.43 2.50 19.53

1.99

4.77

2,708,296.25 177.00 17.68 4.30 14.27

1.70

3.28 14250.20

164000 21,833,330.00
8775

7.39
2.23

1,585,550.00 56.68
5.36

2.23 2.50 62.59

4705.57

1.79

4.68

3138.81

21.70

9.57

1721.72

2.68 31124.81

3.23 1.50 34.25

1.36

6.93 14931.00

5.15

69872.11

ENGINEERING
16001

10

24.00 (93.33)

747.00

25.10 (38.35)

16002

10

67.30 (26.53)

160.00

44.50

19.77

16003

10

30.50 (90.54)

520.00

19.80

7.55

16004

10

141.80 (40.57)

463.00

103.00

37.33

16005

10

130.60 (93.78) 2,756.00

91.50

19.39

79670 27,939,752.50 73.57

16009

10

61.80 (90.77) 7,000.00

44.10

5.71

672213 94,548,862.50 24.54

16012

10

6.46

16013

10

156.20 155.48

1255

16014

10

43.00 (89.40)

537.50

35.40

10.50

107252

8,219,032.50

4.53

0.42

16015

10

57.40 (90.96)

770.00

48.00

13.52

11630

1,203,877.50

16016

10

77.50 (13.50)

144.00

61.00

17.39

24500

1,813,500.00

16017

10

48.20 (11.88)

265.00

33.00

11.27

1501560 69,578,335.00

16019

10

289.40 (89.39) 9,000.00

200.00

31.81

16020

10

61.20 (90.83)

845.00

46.80

11.00

16021

10

61.70 (18.60)

106.50

47.00

17.57

16022

10

118.50 (90.67) 2,130.00

94.80

8.54

16023

10

60.00

25.04

37.60 (90.00)

195.20 (89.72) 2,644.00

83.00 (25.09)

206.70

189,816.25

7.18

0.72

33.42

-0.63

116.40

351716 23,761,489.00

655

2.05

1.70

39.48

3.40

1860.71

0.13

0.01

2284.88

4.04

402.60

5241834 988,427,796.00 16.15 13.46 2.00 10.54

1.41

3.80

9696.33

0.77

6.73

6822.66

10.83

2539.92

17200

1,209,700.00

4.90 1.00 26.63


1.70

36.40

0.50

75.79

5.82

134.21

8.57 3.50 22.79

1.79

1.26

1407.03

101.86

4.10

210.81

6.82

0.68 1.00 84.19

1.74

4.24

1377.60

2.23

2.23 2.10

34.82

2.71

4.46

775.00

1.19

0.39 0.50 125.10

1.04

4.28

1787.06

82715 43,631,706.25 176.83 10.10 60.00 28.64

20.73

5.21

245,590.00 85.67

604181 80,640,757.50 20.75


1339774 85,790,307.00

3.54

0.82

5.56

6020.31

1.65 0.50 37.43

0.81

3.51

6551.95

562381 143,490,203.00 58.81

3.30

35.93

959504 86,635,979.80

6.06 1.80 13.70

2.17

6.91

9.10 11364.04

1.46 0.50 41.97

13.87 38571.75
3.31

17

4121.65
93760.03

LEATHER & FOOTWEAR


17001

10

123.30 (90.36) 1,830.00

88.10

57.16

26445

17002

10

299.00 (91.38) 3,495.00

295.00

61.54

6700

17007

10

14.00 (93.00)

345.00

14.00

8.80

9650

17008

10

40.30

(1.71)

56.50

27.00

7.75

17009

10

605.00

0.83

670.00

431.00

96.57

9,394,772.50 63.55

6.35 3.00 19.40

2.43

2.16

1879.09

3,389,800.00 202.87 20.29 4.00 14.74

1.34

4.86

3363.75

1.59

144.48

1.03 0.50 39.00

1.24

5.20

321.39

1,837,244.00 39.76 39.76 25.00 15.21

4.13

6.26

468,025.00 (1.26) (0.13)

315650 11,641,200.00
3064

1.14

8276.40
13985.11

ISSUE OCT-DEC, 2011

35

CSE Market Statistics

PORTFOLIO

Oct-Dec
2011

Basic Statistics on Listed Securities


Scrip ID Company Name

Group

Year End

Last AGM
Date

Issued Share

Issued Capital
Tk.

Mkt. Lot

Capital Change
Bonus Issue Right Issue

SERVICES & PROPERTIES


18002

EASTERN HOUSING

100

201106

24/11/2011

65,159,640

651,596,400

18004

SAMORITA HOSPITAL LTD.

100

201006

20/01/2011

8,804,400

88,044,000

18005

SUMMIT ALLIANCE PORT

100

201012

25/5/2011

18006

OCEAN CONTAINERS

100

201012

25/5/2011

18007

UNITED AIRWAYS

100

201106

20/09/2011

120,864,500 1,208,645,000
32,725,000

5%
25%

327,250,000

25%

441,000,000 4,410,000,000

10%

100%

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

PAPERS & PRINTING


19006

SINOBANGLA INDUSTRIES LTD

500

201010

19/02/2011

19,996,600

199,966,000

19008

MIRACLE INDUSTRIES LTD.

500

201106

24/12/2011

21,905,296

219,052,960

19009

HAKKANI PULP & PAPER MILLS LIMITED

500

201106

17/12/2011

19,000,000

190,000,000

60,901,896

609,018,960

29,400,000

294,000,000

100%
5%

OIL & FUEL


20002

PADMA OIL

50

200906

6/2/2010

20004

SUMMIT POWER

100

201012

26/5/2011

394,360,164 3,943,601,640

30%

20005

DHAKA ELECTRIC SUPPLY COMPANY

500

201006

3/1/2011

260,276,962 2,602,769,620

30%

419,011,810 4,190,118,100

20006

POWER GRID COMPANY

500

201006

5/2/2011

20007

JAMUNA OIL

100

201006

14/5/2011

20008

MEGHNA PETROLEUM

100

201006

7/5/2011

20009

TITAS GAS

500

201106

27/11/2011

200%

15%

70,200,000

702,000,000

20%

48,510,000

485,100,000

5%

942,116,030 9,421,160,300

10%

20010

KHULNA POWER

100

201012

12/6/2011

287,858,340 2,878,583,400

20%

20011

BARAKATULLAH ELECTRO DYNAMICS

200

201106

22/09/2011

103,200,000 1,032,000,000

20%

20012

MJL BANGLADESH

100

201012

21/09/2011

207,368,000 2,073,680,000

15%

20013

LINDE BANGLADESH

50

201012

12/5/2011

11

15,218,280

152,182,800

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

MUTUAL FUNDS
21001

1ST ICB MF

50

201106

750,000

7,500,000

21002

2ND ICB MF

50

201106

500,000

5,000,000

21003

3RD ICB MF

50

201106

1,000,000

10,000,000

21004

4TH ICB MF

100

201106

1,000,000

10,000,000

21005

5TH ICB MF

100

201106

1,500,000

15,000,000

21006

6TH ICB MF

100

201106

5,000,000

50,000,000

21007

7TH ICB MF

500

201106

3,000,000

30,000,000

21008

8TH ICB MF

500

201106

5,000,000

50,000,000

21009

1ST BSRS MF

500

201106

5,000,000

50,000,000

21010

AIMS FIRST GUARANTEED MUTUAL FUND

250

201106

41,450,000

414,500,000

21011

ICB AMCL First Mutual Fund

500

201106

10,000,000

100,000,000

21012

ICB AMCL ISLAMIC MUTUAL FUND

500

201106

10,000,000

100,000,000

21013

GRAMEEN MUTUAL FUND

500

201106

17,000,000

170,000,000

21014

ICB AMCL FIRST NRB MUTUAL FUND

500

201106

10,000,000

100,000,000

21015

ICB AMCL 2ND NRB MUTUAL FUND

500

201106

100,000,000 1,000,000,000

21016

GRAMEEN ONE : SCHEME TWO

500

201106

125,000,000 1,250,000,000

21017

PRIME FINANCE 1ST MF

500

201106

36 ISSUE OCT-DEC, 2011

20,000,000

200,000,000

130%

50%

10%

Oct-Dec
2011

CSE Market Statistics

PORTFOLIO
Basic Statistics on Listed Securities

Scrip Face Closing Price


ID Value Price Change
Tk.

%/(%)

Price - 2011
High

Low

Tk.

Tk.

Book
Value/
Share
Tk

Turnover

Turnover

Volume

Value

EPS

Tk.

Tk.

DPS

Tk.

Tk.

PER Div Yield

Price/Book
Value Ratio

Market
Capital
Mn. Tk.
Tk.

SERVICES & PROPERTIES


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

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

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

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

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

25143.31

PAPERS & PRINTING


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

19008

10

24.50 (21.97)

44.00

18.50

15.91

298135

8,059,116.50

0.22

0.21

19009

10

40.00

71.90

28.00

35.96

166500

6,372,900.00

0.52

(6.98)

2.39

2.57

835.86

117.92

1.54

536.68

0.96 0.50 41.51

1.25

1.11

760.00
2132.54

OIL & FUEL


20002

10

20004

10

733.60

900.00

490.10

70.20

75.10 (20.02)

144.00

55.00

13.89

2842652

20005

10

111.20 (92.96) 2,180.00

66.20

32.74

18470

20006

10

63.50 (91.76)

20007

10

179.20 (31.24)

980.00

45.00

19.83

345.00

160.00

30.36

20008

10

189.00

0.68

10.45 21567.84

25.80

5.41 29616.45

7,939,522.50 111.68

6.87 1.50 16.18

1.35

3.40 28942.80

154161

16,187,857.00 44.11

3.84 1.00 16.56

1.57

3.20 26607.25

239380

53,753,570.00 12.53

8.04 3.00 22.30

1.67

242.00

124.20

5.90 12579.84

30.56

142207

23,438,758.00 10.05

9.57 4.50 19.75

2.38

20009

10

67.90 (91.56) 1,005.00

6.19

51.00

29.15

524825

111,035,685.00 97.41

9.74 3.00

6.97

4.42

2.33 63969.68

20010

10

63.00 (12.38)

20011

10

47.60 (22.35)

117.50

46.90

11.38

4248784

278,962,790.80

2.25

1.87

33.60

5.54 18135.08

93.90

34.00

12.00

1743505

81,787,022.00

2.32

1.59

29.93

20012

10

3.97

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

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

9.50

- 46.07 15.36 5.00 47.77


233,797,686.50

4.00

2.91

11

9168.39

4912.32

7.58 20487.96
4.28

8449.19
235987.60

MUTUAL FUNDS
21001

10 1,000.00 (90.00) 10,300.00 1,020.00

4.90

5.00

750.00

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

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

10

230.00 (90.00) 2,330.00 2,277.00

- 23.40 23.40 16.50

9.83

7.17

230.00

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

10

969.00

46.10

2360

744,352.50 10.58 10.58 9.00

4.78

17.79

253.00

21007

10

107.90 (90.00) 1,330.00

99.00

- 13.47 13.47 9.50

8.01

8.80

323.70

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

10

93.00 (93.45) 1,950.00

102.00

- 14.43 14.43 12.50

6.45

13.44

465.00

21010

10

39.70 496.99

48.40

4.80

21011

10

43.50 (92.87)

810.00

564.25

21012

10

24.30 (92.68)

483.00

243.00

21013

10

49.10 (49.49)

127.90

37.10

21014

10

31.70 (92.11)

630.50

21015

10

13.80 (91.64)

21016

10

21017

10

50.60 (92.29)

3900 3,978,000.00 64.70 204.01 50.00

284,907,097.50

5.10

4.06 2.80

9.77

7.05

1645.57

50

28,212.50

7.38

7.38 5.50

5.89

12.64

435.00

200

55,137.50

4.17

4.17 3.60

5.82

14.81

243.00

555500 30,688,050.00

9.39

9.39 2.50

5.23

5.09

834.70

28.50

4050 1,140,850.00

4.81

4.81 3.60

6.59

11.36

317.00

268.00

11.50

21700 1,676,225.00

2.84

2.85 2.25

4.84

16.30

1380.00

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

22.10

44.40

15.00

167500 3,200,400.00

- 2.00

9.05

442.00

12.18

- 41745750

ISSUE OCT-DEC, 2011

37

CSE Market Statistics

PORTFOLIO

Oct-Dec
2011

Basic Statistics on Listed Securities


Scrip ID Company Name

Group

Year End

Last AGM
Date

Issued Share

Issued Capital
Tk.

Mkt. Lot

Capital Change
Bonus Issue Right Issue

MUTUAL FUNDS
21018

EBL FIRST MUTUAL FUND

500

201106

21019

ICB AMCL 2ND MUTUAL FUND

500

201106

100,000,000 1,000,000,000
50,000,000

500,000,000

21020

ICB EMPLOYEES PROVIDENT MUTUAL FUND

500

201106

75,000,000

750,000,000

21021

TRUST BANK 1ST MUTUAL FUND

500

201106

200,000,000 2,000,000,000

21022

PRIME BANK 1ST ICB AMCL MUTUAL FUND

500

201106

100,000,000 1,000,000,000

21023

DBH 1ST MUTUAL FUND

500

201106

120,000,000 1,200,000,000

21024

IFIC BANK 1ST MUTUAL FUND

500

201106

120,000,000 1,200,000,000

21025

PHOENIX FINANCE 1ST MUTUAL FUND

500

201106

21026

ICB AMCL 3RD NRB MUTUAL FUND

500

201106

100,000,000 1,000,000,000

60,000,000

600,000,000

21027

FIRST JANATA BANK MUTUAL FUND

500

201106

200,000,000 2,000,000,000

21028

GREEN DELTA MUTUAL FUND

500

201106

150,000,000 1,500,000,000

21029

POPULAR LIFE 1ST MUTUAL FUND

500

201106

200,000,000 2,000,000,000

21030

IFIL ISLAMIC MUTUAL FUND

500

201106

100,000,000 1,000,000,000

21031

PHP FIRST MUTUAL FUND

500

201106

200,000,000 2,000,000,000

21032

AIBL FIRST ISLAMIC MUTUAL FUND

500

201106

100,000,000 1,000,000,000

21033

MBL FIRST MUTUAL FUND

500

201106

100,000,000 1,000,000,000

21034

SOUTHEAST BANK FIRST MUTUAL FUND

500

201106

21035

EBL NRB FIRST MUTUAL FUND

500

21036

RELIANCE ONE : MUTUAL FUND

500

21037

LR GLOBAL BD MUTUAL FUND ONE

500

90,713,000

907,130,000

150,000,000 1,500,000,000
55,000,000

550,000,000

300,000,000 3,000,000,000

37

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

BANKING
22002

AB BANK

50

201012

12/7/2011

368,611,390 3,686,113,900

15%

22003

NATIONAL BANK

100

201012

15/03/2011

860,365,603 8,603,656,030

95%

22004

UNITED COMMERCIAL BANK

50

201012

30/5/2011

727,488,375 7,274,883,750

25%

22005

RUPALI BANK

100

201012

19/5/2011

137,500,000 1,375,000,000

10%

22006

CITY BANK

200

201012

14/08/2011

505,511,130 5,055,111,300

30%

22007

PUBALI BANK

25

201012

31/03/2011

670,761,000 6,707,610,000

35%

100%
100%

22008

ISLAMI BANK

100

201012

18/5/2011 1,000,771,200 10,007,712,000

25%

22010

IFIC BANK LTD.

50

201012

24/7/2011

276,837,900 2,768,379,000

27%

22012

AL-ARAFAH ISLAMI BANK LTD

250

201012

6/6/2011

589,337,199 5,893,371,990

26%

100%

22013

PRIME BANK LIMITED

250

201012

27/03/2011

779,809,558 7,798,095,580

35%

25%

22014

DHAKA BANK LIMITED

100

201012

29/03/2011

359,045,703 3,590,457,030

35%

22015

SOUTHEAST BANK LIMITED

250

201012

22/03/2011

831,700,840 8,317,008,400

20%

50%

22016

NATIONAL CREDIT & COMMERC BANK LTD.

250

201012

28/04/2011

594,165,435 5,941,654,350

32%

50%

22017

DUTCH-BANGLA BANK LIMITED

500

201012

24/03/2011

200,000,000 2,000,000,000

22018

MUTUAL TRUST BANK LIMITED

500

201012

28/03/2011

254,349,840 2,543,498,400

20%

22020

STANDARD BANK LIMITED

250

201012

16/5/2011

406,132,030 4,061,320,300

28%

22021

ONE BANK LIMITED

100

201012

28/03/2011

318,867,560 3,188,675,600

55%

22022

BANK ASIA LIMITED

500

201012

30/03/2011

525,479,060 5,254,790,600

40%

25%

22023

MERCANTILE BANK LIMITED

100

201012

11/4/2011

496,809,200 4,968,092,000

22%

2:03

22024

UTTARA BANK LIMITED

25

201012

19/5/2011

287,517,312 2,875,173,120

20%

38 ISSUE OCT-DEC, 2011

Oct-Dec
2011

CSE Market Statistics

PORTFOLIO
Basic Statistics on Listed Securities

Scrip Face Closing Price


ID Value Price Change
Tk.

%/(%)

Price - 2011
High

Low

Tk.

Tk.

Book
Value/
Share
Tk

Turnover

Turnover

Volume

Value

EPS

Tk.

DPS

Tk.

Tk.

Tk.

PER Div Yield

Price/Book
Value Ratio

Market
Capital
Mn. Tk.
Tk.

MUTUAL FUNDS
21018

10

(6.36)

19.60

8.80

1625500 17,340,100.00

2.72

2.72 2.10

3.78

20.39

1030.00

21019

10

10.30

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

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

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

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

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

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

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

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

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

10

6.90

(4.17)

14.00

5.40

1682000 11,558,650.00 (0.52) (0.52)

0.00

1035.00

21029

10

6.90

(4.17)

12.40

5.40

758000 5,261,800.00 (0.03) (0.03)

0.00

1380.00

21030

10

6.50

(7.14)

11.90

5.20

795000 5,194,550.00

0.15

42.90

0.00

650.00

21031

10

6.90

(1.43)

12.30

5.60

3899000 26,631,350.00 (0.49) (0.49)

0.00

1380.00

21032

10

7.70

(6.10)

16.60

6.70

0.00

770.00

21033

10

8.00

(1.23)

11.00

7.10

16000

125,150.00

0.00

800.00

21034

10

8.50

18.90

7.20

25500

208,700.00

0.00

771.06

21035

10

7.90

(3.66)

9.00

7.30

3500

26,050.00

0.00

1185.00

21036

10

10.00

15.00

10.00

0.00

550.00

21037

10

9.40

(6.00)

9.80

8.00

5000

43,500.00

0.00

2820.00

155000 1,204,700.00

0.15

37

31483.68

BANKING
22002

10

68.40 (90.69) 1,642.00

43.50 299.23

1921663

461,982,366.00 115.31 100.27 1.00

22003

10

66.90

2.76

199.90

51.60

27.08

9478413

608,246,555.00

15.55

22004

10

43.90

(8.35)

232.00

30.90

16.74 29448102 1,319,337,929.10

7.49

22005

10

135.20 (90.51) 1,833.00

22006

10

53.00 (90.76) 1,020.00

35.10

22007

10

50.20

6.36

111.00

22008

10

54.60 (89.80)

22010

1.46

0.23 25213.02

2.41

27.80

2.47 57558.46

3.00

14.65

2.62 31936.74

51283

7,950,510.00

48.02

4.37

30.97

1.34 18590.00

21.33

2239919

320,840,979.50

59.40

3.70

14.33

2.48 26792.09

36.00

24.03

6811109

328,448,463.80

6.51

4.82 0.50 10.41

1.00

2.09 33672.20

839.75

46.00

26.09

1149377

174,399,705.90

60.51

4.48

12.18

2.09 54642.11

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

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

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

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

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

10

70.00

23.20

19.15 14977366

454,237,166.30

5.33

22017

10

162.40 (89.59) 2,250.00

120.30

29.02

90560

22018

10

34.50 (91.41)

720.00

25.80

18.01

22020

10

30.40 (90.22)

667.00

22.60

22021

10

48.00 (90.81) 1,180.00

33.30

22022

10

38.30 (90.73)

859.00

22023

10

34.90 (88.56)

22024

10

77.90

30.60

(3.16)

98.10 100.84

0.68

7.67

1.60 18181.46

19,591,482.00 100.12

3.99

5.69 3.00 28.55

1.85

5.60 32480.00

456972

48,360,902.50

35.63

2.97

11.62

1.92

16.21

3267921

294,256,737.25

43.40

3.39

8.96

1.88 12346.41

14.55

2720902

335,421,868.00

91.75

5.92

8.11

3.30 15305.64

28.20

17.72

923675

49,811,150.00

64.24

3.67

10.43

2.16 20125.85

600.00

24.50

16.27

5400338

439,900,199.00

41.04

2.87

12.16

2.15 17338.64

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

8775.07

ISSUE OCT-DEC, 2011

39

CSE Market Statistics

PORTFOLIO

Oct-Dec
2011

Basic Statistics on Listed Securities


Scrip ID Company Name

Group

Year End

Last AGM
Date

Issued Share

Issued Capital
Tk.

Mkt. Lot

Capital Change
Bonus Issue Right Issue

BANKING
22025

EASTERN BANK LIMITED

200

201012

30/03/2011

452,725,767 4,527,257,670

55%

22026

EXPORT IMPORT BANK OF BD. LTD.

100

201012

9/6/2011

922,356,286 9,223,562,860

35%

50%

22027

SOCIAL ISLAMI BANK

250

201009

28/04/2011

639,392,570 6,393,925,700

14%

100%

22028

JAMUNA BANK

250

201012

19/5/2011

364,840,376 3,648,403,760

22%

33.33%

22029

BRAC BANK

500

201012

24/03/2011

321,235,200 3,212,352,000

20%

22030

SHAHJALAL ISLAMI BANK

50

201012

9/5/2011

445,265,535 4,452,655,350

30%

22031

PREMIER BANK

250

201012

6/4/2011

381,861,109 3,818,611,090

31%

22032

TRUST BANK

500

201006

7/6/2011

22033

FIRST SECURITY ISLAMI BANK

100

201012

30/7/2011

29

266,112,740 2,661,127,400

20%

340,032,000

12%

3,400,320,000

20%

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

CERAMICS
23001

MONNO CERAMIC

100

201106

29/09/2011

23,928,020

239,280,200

23003

STANDARD CERAMIC

500

201106

27/12/2011

6,460,650

64,606,500

23004

FU-WANG CERAMIC IND.

500

201106

26/12/2011

69,927,594

699,275,940

10%

23005

SHINEPUKUR CERAMICS

100

201012

2/7/2011

111,127,453 1,111,274,530

15%

23006

RAK CERAMICS

200

201012

20/03/2011

25%
50%

253,050,850 2,530,508,500
464,494,567 4,644,945,670

INFORMATION COMMUNICATION & TECHNOLOGY


24003

INFORMATION SERVICES NETWORK LTD

500

201012

28/06/2011

9,904,766

99,047,660

10%

24004

BDCOM ONLINE LIMITED

500

201106

22/12/2011

27,553,680

275,536,800

5%
10%

24005

INTECH ONLINE LIMITED

500

201012

30/06/2011

15,927,943

159,279,430

24006

AGNI SYSTEMS LIMITED

500

201106

22/12/2011

42,809,077

428,090,770

24007

DAFFODIL COMPUTERS LIMITED

500

201106

29/12/2011

49,912,262

499,122,620

50%
4%

100%

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

LEASING & FINANCE


25001

I.C.B.

50

201106

22/10/2011

33,750,000 3,375,000,000

35%

25002

IDLC FINANCE LTD.

200

201012

31/03/2011

99,000,000

990,000,000

65%

25003

UTTARA FINANCE

50

201012

30/5/2011

73,920,000

739,200,000

40%

25004

FIRST LEASE INTERNATIONAL LIMITED

250

201012

21/04/2011

50,311,800

503,118,000

25%

60,134,330

601,343,300

10%

190,627,330 1,906,273,300

75%

25005

MIDAS FINANCING LIMITED

100

201106

8/12/2011

25006

PEOPLES LEASING

100

201012

2/5/2011

33.33%

25007

PRIME FINANCE

50

201012

29/03/2011

162,450,288 1,624,502,880

80%

25008

PREMIER LEASING

250

201012

26/5/2011

104,185,640 1,041,856,400

20%

100%

25009

ISLAMIC FINANCE & INVESTMENT

100

201012

19/5/2011

69,328,240

693,282,400

16%

50%

25010

LANKA BANGLA FINANCE

500

201012

27/03/2011

82,351,500

823,515,000

55%

25011

BD INDUSTRIAL FINANCE CO.


INDUSTRIAL PROMOTION AND
DEVELOPMENT CO.OF BD. LTD
UNION CAPITAL LTD
BANGLADESH FINANCE & INVESTMENT
COMPANY
INTERNATIONAL LEASING & FINANCIAL
SERVICES
PHOENIX FINANCE & INVESTMENTS

500

201012

12/5/2011

55,345,260

553,452,600

25%

25012
25013
25014
25015
25016

40 ISSUE OCT-DEC, 2011

500

201012

14/06/2011

94,853,860

948,538,600

10%

500

201012

25/04/2011

95,159,592

951,595,920

75%

100

201012

21/06/2011

53,730,752

537,307,520

22%

500

201012

30/03/2011

162,932,000 1,629,320,000

60%

100%

100

201012

16/06/2011

35%

20%

70,801,070

708,010,700

Oct-Dec
2011

CSE Market Statistics

PORTFOLIO
Basic Statistics on Listed Securities

Scrip Face Closing Price


ID Value Price Change
Tk.

%/(%)

Price - 2011
High

Low

Tk.

Tk.

Book
Value/
Share
Tk

Turnover

Turnover

Volume

Value
Tk.

EPS

DPS

Tk.

Tk.

Tk.

PER Div Yield

Price/Book
Value Ratio

Market
Capital
Mn. Tk.
Tk.

BANKING
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

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

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

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

10

46.00 (90.35)

885.00

35.00

12.08

600251

4.28 1.00 10.76

2.17

3.81 14776.82

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

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

10

42.80 (90.80)

765.00

31.40

20.62

513006

22033

10

26.50

41.00

20.00

14.04

8516809

(2.21)

63,999,317.50 60.39

42,495,453.50 58.37
226,862,179.30

2.33

4.86

8.80

2.08 11389.63

1.61

16.43

1.89

29

9010.85
659247.02

CERAMICS
23001

10

62.90 (90.29) 1,179.75

44.90

16.26

61760

23003

10

38.00 (91.91)

682.00

31.20

16.12

9630

9,223,851.25 18.64

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

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

10

78.60 (18.21)

188.00

60.50

15.02

1908120

154,106,202.00

3.36

2.40 1.50

984,782.50

6.21

49.84

3.87

1505.07

0.62 0.50 61.22

1.26

1.32

2.36

245.50

1.91

5.23 19889.80

29178.01

INFORMATION COMMUNICATION & TECHNOLOGY


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

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

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

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

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
4085.06

LEASING & FINANCE


25001

100 1,574.50 (39.90) 4,218.00 1,478.00 915.72

25002

10

139.10 (92.87) 4,825.00

25003

10

113.80 (28.38)

25004

10

25005

10

25006

150

278,850.00 152.84 151.12 15.00 10.42

0.95

1.72 53139.38
4.64 13770.90

29.96

116928 47,360,269.25 134.26

399.00

85.60

30.18

205637 25,531,875.00 16.02 11.44

9.94

3.77

8412.10

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

63.50 (93.49) 1,885.00

47.00

12.94

94520

1.10

57.53

4.91

3818.53

10

69.70 (24.57)

309.70

47.60

14.58

7943436

5.41

12.88

4.78 13286.72

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

10

33.50 (95.30) 1,212.00

25.80

11.21

925319

77,413,448.00 31.53

25.50

2.99

3490.22

25009

10

34.70 (92.44)

985.00

28.00

13.51

199108

2405.69

25010

10

170.50 (11.01)

514.00

122.30

18.35

902926

25011

10

44.50 (91.99) 1,187.00

33.70

15.72

97422

25012

10

31.20 (92.04)

715.00

22.90

10.28

25013

10

61.00 (22.78)

259.00

44.00

18.90

25014

10

62.50 (28.57)

255.90

44.00

16.59

1593748

25015

10

46.50 (92.12) 2,670.00

35.30

25016

10

70.40 (92.40) 2,448.00

56.00

10,782,570.00 12.14
578,381,666.00

9.47

17,120,140.50 20.91

8.14 3.50 17.09

2.52

103.60

1.31
1.79

19.42

2.57

7.59

4.89

34.83

9.29 14040.93

17,207,810.00 46.58

3.73

11.94

2.83

2462.86

317218

26,240,127.50 15.41

1.40

22.27

3.03

2959.44

2157055

139,736,181.00 10.50

6.00

10.17

3.23

5804.74

107,500,496.40

5.59

4.58

13.64

3.77

3358.17

13.34

515770 60,494,017.50 42.12

2.11

22.08

3.49

7576.34

14.51

90270 10,384,030.00 45.60

3.29

21.37

4.85

4984.40

145,919,680.00

ISSUE OCT-DEC, 2011

41

CSE Market Statistics

PORTFOLIO

Oct-Dec
2011

Basic Statistics on Listed Securities


Scrip ID Company Name

Group

Year End

Last AGM
Date

Issued Share

Issued Capital
Tk.

Mkt. Lot

Capital Change
Bonus Issue Right Issue

LEASING & FINANCE


25017

100

201106

22/11/2011

25019

FIDELITY ASSETS
DELTA BRAC HOUSING FINANCE
CORPORATION
NATIONAL HOUSING

100

201012

29/06/2011

25020

BAY LEASING & INVESTMENT

200

201012

22/06/2011

25018

500

201012

16/06/2011

20

51,664,380

516,643,800

15%

100,912,500 1,009,125,000

100%

57,200,000

572,000,000

94,860,000

948,600,000

10%
100%

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

TELECOMMUNICATION
26001

GRAMEENPHONE

200

201012

19/04/2011 1,350,300,022 13,503,000,220

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

MISCELLANEOUS
32001

USMANIA GLASS

50

201106

25/11/2011

32002

ARAMIT

50

201012

25/06/2011

32003

BEXIMCO

100

201012

30/06/2011

32004

B.S.C.

201006

19/01/2011

8,190,000

81,900,000

6,000,000

60,000,000

355,502,289 3,555,022,890
8,274,000

20%
50%

827,400,000

32005

NATIONAL POLYMER

100

201106

22/11/2011

9,246,000

92,460,000

15%

32006

GQ BALL PEN

50

201012

28/06/2011

5,391,360

53,913,600

20%
10%

32007

IMAM BUTTON

250

201106

24/11/2011

7,700,000

77,000,000

32009

BATBC

50

201012

10/4/2011

60,000,000

600,000,000

32008

DESHBANDHU POLYMER

500

201106

29/12/2011

46,000,000

460,000,000

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

CORPORATE BOND
40001

IBBL MUDARABA PERPETUAL BOND

40002

ACI 20% CONVERTIBLE ZERO COUPON BOND


SUBORDINATED 25% CONVERTIBLE BONDS
OF BRAC BANK

1,068,680 1,068,680,000

3,000,000 3,000,000,000

40003
3
241

42 ISSUE OCT-DEC, 2011

201012

18/5/2011

3,000,000 3,000,000,000

7,068,680

7,068,680,000

30696038188 322,129,054,600

15%

Oct-Dec
2011

CSE Market Statistics

PORTFOLIO
Basic Statistics on Listed Securities

Scrip Face Closing Price


ID Value Price Change
Tk.

%/(%)

Price - 2011
High

Low

Tk.

Tk.

Book
Value/
Share
Tk

Turnover

Turnover

Volume

Value
Tk.

EPS

Tk.

DPS

Tk.

Tk.

PER Div Yield

Price/Book
Value Ratio

Market
Capital
Mn. Tk.
Tk.

LEASING & FINANCE


25017

10

58.00 (89.08)

965.00

38.10

13.86

251045 22,264,027.50 19.85

25018

10

88.60 (96.48) 2,722.00

70.60

14.24

33750 7,148,695.00 98.00

25019

10

92.20 (91.80) 1,400.00

90.00

17.77

1405

25020

10

70.10 (92.14) 3,100.00

47.00

19.65

590370

1.77

32.68

4.19

2996.53

4.98 1.00 17.81

1.13

6.22

8940.85

31.16

2.83 1.00 32.55

1.08

5.19

5273.84

122,632,752.50 112.00

6.48 1.00 10.82

1.43

3.57

509,977.50

20

6649.69
183337.97

TELECOMMUNICATION
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

221449.20

MISCELLANEOUS
32001

10

128.00 (91.24) 1,880.00

32002

10

260.80 (24.41)

32003

10

113.40 (26.22)

32004

100

557.25 (66.23) 3,235.25

32005

10

61.00 (92.25) 1,015.00

32006

10

168.00 (23.64)

284.80

32007

10

18.00 (95.44)

600.00

32009

10

32018

10

619.00

87.00

21.16

4037

1,328,472.50

529.50

227.10

13.01

2850

836,280.00

324.00

75.10

2.31

735.00

38.40 (39.81)

96.20

49.10 12717842 1,585,651,302.30

407.00 (35.10)

1.64 11.16 2.10 11.47

1.64

6.05

1048.32

9.67

1.53

20.05

1564.80

9.67 4.00 26.96

40.82 18.65

6.08

2.31 40313.96

275665

165,042,973.75

66.71 16.13 10.00 34.56

1.79

-15.88

4610.69

19.89

11740

2,633,170.00

25.56

6.17

2.95

3.07

564.01

127.00 115.62

43270

8,047,385.00

6.36

5.30

31.69

1.45

905.75

23.74

53055

8,726,150.00 (17.37) (1.74)

0.76

138.60

528.00 102.93

13150

7,967,070.00

47.98 47.98 43.00 12.90

6.95

5163000

231,498,550.00

45.90
15.40
12.00

11.53

9.89 1.80

1.52 1.288

29.81

6.01 37140.00
3.33

1766.40
88052.52

CORPORATE BOND
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 1,000

834.50

4.71

850.00

711.00 1,000.00

1688 1,360,472.00

0.83

891.81

(0.69) 1,100.00

501.00 1,000.00

1.01

3039.00

40003 1,000 1,013.00

60

60,132.50

3
241

6,909.81
449,442,849 23,981,054,153.10

1,972,423.44

ISSUE OCT-DEC, 2011

43

CSE Market Statistics

PORTFOLIO

Oct-Dec
2011

NAV of Mutual Funds


Company ID Company Name

Asset Manager

Closing
%
Expiry Date
NAV per
Price as
Closing Price
Difference((Cl
of Mutual Date of NAV Unit (Market on 29th
to NAV per
Price-NAV)/
Fund
Value BDT) December
Unit Ratio
NAV per Unit)
2011

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

21010

Aims First Guaranteed


Mutual Fund

Asset & Investment Management


30/06/2015 22 Dec '11
Services of Bangladesh Ltd

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

21012

ICB AMCL Islamic Mutual


Fund

ICB

05/01/2015

20 Dec'11

22.7

24.3

7.05

1.07

21013

Grameen Mutual Fund One

Asset & Investment Management


04/09/2015 22 Dec '11
Services of Bangladesh Ltd

31.14

49.1

57.68

1.58

21014

ICB AMCL First NRB Mutual


Fund

ICB

28/03/2017

20 Dec'11

32.62

31.7

-2.82

0.97

21015

ICB AMCL Second NRB


Mutual Fund

ICB

27/07/2018

20 Dec'11

14.72

13.8

-6.25

0.94

21016

Grameen Mutual Fund One:


Scheme Two

Asset & Investment Management


02/09/2023 22 Dec '11
Services of Bangladesh Ltd

15.61

17.2

10.19

1.10

21017

Prime 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

ICB

28/10/2019

20 Dec'11

9.02

-0.22

1.00

ICB

18/01/2020

20 Dec'11

8.15

8.7

6.75

1.07

11.19

8.9

-20.46

0.80

21019
21020

ICB AMCL Second Mutual


Fund
ICB Employees Provident
Mutual Fund One:Scheme
One

21021

Trust Bank 1st Mutual Fund

Race Management PCL

27/01/2020 22 Dec '11

21022

Prime 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

44 ISSUE OCT-DEC, 2011

Oct-Dec
2011

CSE Market Statistics

PORTFOLIO
NAV of Mutual Funds

Company ID Company Name

Asset Manager

Closing
%
Expiry Date
NAV per
Price as
Closing Price
Difference((Cl
of Mutual Date of NAV Unit (Market on 29th
to NAV per
Price-NAV)/
Fund
Value BDT) December
Unit Ratio
NAV per Unit)
2011

21025

Phoenix Finance 1st Mutual


Fund

ICB Asset Management Co. Ltd. 09/05/2020

20 Dec'11

7.85

7.3

-7.01

0.93

21026

ICB AMCL Third NRB Mutual


ICB Asset Management Co. Ltd. 24/05/2010
Fund

20 Dec'11

7.35

7.8

6.12

1.06

21027

First 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

21029

Popular 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 Fund

LR 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

-12.57

0.87

21034

Southeast 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

15 Dec'11

10.62

10

-5.84

0.94

19/09/2021 22 Dec '11

10.18

9.4

-7.66

0.92

ICB AMCL Unit Fund

20 Dec'11

267.36

ICB AMCL Pension Holders' Unit Fund

20 Dec'11

240.46

21036
21037

"Reliance One" the first


scheme of Reliance
Insurance Mutual Fund
LR Global Bangladesh Mutual
Fund One

Asset & Investment Management


07/07/2021
Services of Bangladesh Ltd
LR Global Bangladesh Asset
Management

Unit Fund

ISSUE OCT-DEC, 2011

45

CSE Market Statistics

PORTFOLIO

Oct-Dec
2011

Most Active CSE Members : October to December 2011


Rank this Quarter

Rank last Quarter

Member Code

91

Member Companies
LANKA BANGLA SECURITIES LTD.

25

SYLHET METROCITY SECURITIES LTD.

96

INTERNATIONAL SECURITIES CO. LTD

56

KABIR SECURITIES LTD.

76

SOHEL SECURITIES LTD.

22

SALTA CAPITAL LIMITED

27

BE RICH LTD.

12

19

NORTH WEST SECURITIES LTD.

38

SR CAPITAL LTD.

10

19

62

PRUDENTIAL CAPITAL LTD.

11

10

84

SKYS SECURITIES LTD.

12

11

33

SYLNET SECURITIES LTD.


MEENHAR SECURITIES LTD.

13

14

17

103

15

13

16

14

122

17

16

CHITTAGONG CAPITAL LTD.

18

37

HILLCITY SECURITIES LTD.

19

15

63

ASSOCIATED CAPITAL SECURITIES LTD.

20

20

104

JALALABAD SECURITIES LTD

MONA FINANCIAL CONSULTANCY & SECURITIES LTD.


ISLAND SECURITIES LTD.
FIRSTLEAD SECURITIES LIMITED

Sectoral Index
Real Sl.
1

LIFE INSURANCE

9/29/2011

12/29/2011

Change

Change%

129201.39

102218.47

(26,982.92)

(20.88)
(14.41)

GENERAL INSURANCE

13641.38

11675.85

(1,965.53)

TEXTILES & CLOTHING

5123.17

4131.89

(991.28)

(19.35)

PHARMA & CHEMICALS

18379.7

15856.20

(2,523.50)

(13.73)

FOODS & ALLIED

7140.86

7660.66

519.80

7.28

CEMENT

4563.19

3446.34

(1,116.85)

(24.48)

ENG. & ELECTRICAL

7669

6429.12

(1,239.88)

(16.17)

LEATHER & FOOTWEAR

4504.97

4317.03

(187.94)

(4.17)

SERVICES & PROPERTY

4183.51

3305.39

(878.12)

(20.99)

10

PAPERS & PRINTING

11

ENERGY

12

MUTUAL FUNDS

13

BANK

14

CERAMIC

15

ICT

16

LEASING & FINANCE

17

TELECOMMUNICATION

18

MISCELLANEOUS

46 ISSUE OCT-DEC, 2011

2018.28

1783.97

(234.31)

(11.61)

10735.61

8738.66

(1,996.95)

(18.60)

6692.5

5526.33

(1,166.17)

(17.43)

59902.75

59775.75

(127.00)

(0.21)

865.68

729.80

(135.88)

(15.70)

8763.56

8221.34

(542.22)

(6.19)

40326.22

28801.83

(11,524.39)

(28.58)

986.72

989.74

3.02

0.31

8347.59

6858.11

(1,489.48)

(17.84)

Oct-Dec
2011

CSE Market Statistics

PORTFOLIO
Sector-wise Market Indicator

Sl.

Sector

PE Ratio Sep '11

Dec '11

Change %

Cash Dividend
Yield Sep '11

Dec '11

Change %

LIFE INSURANCE

0.16

0.21

31.25

GENERAL INSURANCE

22.28

19.46

(12.66)

1.16

1.33

14.66

TEXTILES & CLOTHING

30.17

24.45

(18.96)

0.66

0.56

(15.15)

PHARMA & CHEMICALS

28.31

23.82

(15.86)

1.17

1.37

17.09

FOODS & ALLIED

30.33

35.06

15.60

0.46

0.58

26.09

CEMENT

20.72

21.46

3.57

0.49

0.85

73.47

ENG. & ELECTRICAL

33.54

26.72

(20.33)

2.61

3.01

15.33

LEATHER & FOOTWEAR

16.4

15.78

(3.78)

2.99

5.27

76.25
(1.54)

SERVICES & PROPERTY

18.47

14.51

(21.44)

1.3

1.28

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

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
Category
Scrip ID
Scrip Code
Type of Scrip

Textile & Clothing


N
12040
ZAHINTEX
Equity

Listing Date

28/11/2011

Number of Issued Shares

45,000,000

Face Value

10

Market Lot

500

Tick Price

0.10

ISSUE OCT-DEC, 2011

47

CSE Market Statistics

PORTFOLIO

Oct-Dec
2011

IPOs in the Market Oct-Dec 2011


GBB Power Limited
Date of Publication of Prospectus
Suscription Open
Subscription Close
NRB
Face Value per Share
Offer Price per Share
Market Lot
Category
NAV per Share on 31.12.2010
EPS on 31.12.2010
Pre-IPO Paid-up Capital in amount
IPO Size in Shares
IPO Size in Taka
Post IPO Paid-up Capital in amount
Manager to the Issue
Website

1-Nov-11
18th December 2011
22th December 2011
31st December 2011
Tk. 10
Tk. 40 (including premium of tk 30 per share)
200
N
Tk. 22.52
Tk. 2.83
304,990,000
20,500,000
820,000,000
509,990,000
IDLC Investment Limited
www.power.gbb.com.bd
GSP Finance Company(Bangladesh) Limited

Date of Publication of Prospectus


Suscription Open
Subscription Close
NRB
Face Value per Share
Offer Price per Share
Market Lot
Category
NAV per Share on 31.12.2010
EPS on 31.12.2010
Pre-IPO Paid-up Capital in amount
IPO Size in Shares
IPO Size in Taka
Post IPO Paid-up Capital in amount
Manager to the Issue
Website

29th November 2011


8th January 2012
12th January 2012
21st January 2012
Tk. 10
Tk. 25 (including premium of Tk. 15 per share)
500
N
Tk. 32.78
Tk. 3.51
276,460,000
20,000,000
500,000,000
476,460,000
ICB Capital Management Limited
www.gspfinanceco.com
Padma Islami Life Insurance Limited

Date of Publication of Prospectus


Suscription Open
Subscription Close
NRB
Face Value per Share
Offer Price per Share
Market Lot
Category
NAV per Share on 31.12.2010
EPS on 31.12.2010
Pre-IPO Paid-up Capital in amount
IPO Size in Shares
IPO Size in Taka
Post IPO Paid-up Capital in amount
Manager to the Issue
Website

1st December 2011


22th January 2012
26th January 2012
4th February 2012
Tk. 10
Tk. 10
500
N
Tk. 36.26
Tk. 2.72
180,000,000
12,000,000
120,000,000
300,000,000
Union Capital Limited
www.padmalife.com
NLI FIRST MUTUAL FUND

Date of Publication of Prospectus


Suscription Open
Subscription Close

48 ISSUE OCT-DEC, 2011

28th October 2011


11th December 2011
15th December 2011

Oct-Dec
2011

CSE Market Statistics

PORTFOLIO
IPOs in the Market Oct-Dec 2011
NLI FIRST MUTUAL FUND

NRB
Face Value per Share
Offer Price per Share
Market Lot
Category
Sponsor's Share Units
Pre IPO Placement Share Units
Public Offer Share
Size of Fund in Units
Size of Fund in amount
Manager to the Issue
Website

24th December 2011


Tk. 10
Tk. 10
500
A
10,000,000
10,000,000
30,000,000
50,000,000
500,000,000
VIPB Asset Management Company Limited (VIPB AMCL)
www.vipbamc.com
GPH Ispat Ltd

Date of Publication of Prospectus


Suscription Open
Subscription Close
NRB
Face Value per Share
Offer Price per Share
Market Lot
Category
NAV per Share on 30.04.2011
EPS on 30.04.2011
Pre-IPO Paid-up Capital in amount
IPO Size in Shares
IPO Size in Taka
Post IPO Paid-up Capital in amount
Manager to the Issue
Website

13th December 2011


2nd February 2012
9th February 2012
18th February 2012
Tk.10
Tk. 30 (including premium of Tk. 20 per share)
500
N
Tk. 12.23
Tk. 3.66
700,000,000
20,000,000
600,000,000
900,000,000
AAA Consultants & Financial Advisers Ltd
www.gphispat.com.bd
Saiham Cotton Mills Limited

Date of Publication of Prospectus


Suscription Open
Subscription Close
NRB
Face Value per Share
Offer Price per Share
Market Lot
Category
NAV per Share on 30.04.2011
EPS on 30.04.2011
Pre-IPO Paid-up Capital in amount
IPO Size in Shares
IPO Size in Taka
Post IPO Paid-up Capital in amount
Manager to the Issue
Website

20th December 2011


4th March 2012
8th March 2012
17th March 2012
Tk. 10
Tk. 20 (including premium of Tk. 10 per share)
250
N
Tk. 20.14
Tk. 3.39
877,500,000
47,500,000
475,000,000
1,352,500,000
LankaBangla Investments Limited
www.saihamcotton.com

ISSUE OCT-DEC, 2011

49

CSE Market Statistics

PORTFOLIO

Oct-Dec
2011

Half-Yearly Performance
Scrip ID

Company Name

Half-Year Gross/Net Premium Underwriting


End
(Tk.)
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

10003

SANDHANI LIFE INS.

201106

1,180,420,881

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

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

274,060,076

1,397,250
20,688,061

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
4.01

11005

JANATA INSURANCE

201106

107,623,243

77,255,800

2,561,328

10,270,000

12.63

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

201106

295,079,172

50,854,324

37,820,430

86,876,558

2.30

2.30

201106

75,781,810

94,791,325

26,761,267

29,185,409

1.09

1.09

201006

240,079,489

64,811,541

27,187,500

57,071,573

3.04

2.10

11021

EASTLAND INSURANCE
PRIME INSURANCE COMPANY
LIMITED
PIONEER INSURANCE COMPANY
LIMITED
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

97,206,562

3.05

Company Name

19,505,919
30,000,000
91,510,000
Gross Profit
Issued Share Net Profit Tk.
(Tk.)

3.05

Scrip ID

201106
Half-Year
End

11016
11017

Turnover (Tk.)

EPS Tk.
Basic

Diluted

TEXTILES
12002

PRIME TEXTILE

201112

588,920,000

97,192,000

38200000

9,777,000

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)

50 ISSUE OCT-DEC, 2011

0.26

Oct-Dec
2011

CSE Market Statistics

PORTFOLIO
Half-Yearly Performance

Scrip ID

Company Name

Half-Year
End

Turnover (Tk.)

Gross Profit
(Tk.)

Issued Share

Net Profit Tk.

EPS 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

201112

703,548,701

122,987,963

21,400,258

25,698,884

1.20

1.20

201112

330,800,498

49,900,960

7,187,500

23,857,415

3.32

3.32

12034

TALLU SPINNING MILLS LIMITED


MITHUN KNITTING AND DYEING
LIMITED
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)

12033

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

185,089,000

5,702,400

6,962,000

1.22

1.22

FOODS & ALLIED PROCUCTS


14001

APEX FOOD

201112

2,306,105,000

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
1.69

14018

BANGAS LIMITED

201112

46,998,232

15,343,696

1,485,000

2,504,479

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

ISSUE OCT-DEC, 2011

51

CSE Market Statistics

PORTFOLIO

Oct-Dec
2011

Half-Yearly Performance
Scrip ID

Company Name

Half-Year
End

Turnover (Tk.)

Gross Profit
(Tk.)

Issued Share

Net Profit Tk.

EPS Tk.
Basic

Diluted

CEMENT
15001

201106

1,165,990,689

172,110,709

37,494,600

139,095,392

3.71

3.71

201106

4,649,492,000

596,007,000

56,503,580

480,323,000

8.50

8.50

15003

CONFIDENCE CEMENT
HEIDELBERG CEMENT
BANGLADESH LTD
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

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
0.68

15002

ENGINEERING

16015

EASTERN CABLES LTD.

201112

448,055,000

77,224,000

24,000,000

16,412,000

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
3.45

LEATHER & FOOTWEAR


17001

APEX TANNERY

201112

1,463,623,000

121,997,000

15,240,000

52,604,000

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.


HAKKANI PULP & PAPER MILLS
LIMITED

201112

273,808,000

25,003,000

21905296

(12,828,000)

(0.59)

(0.59)

201112

112,109,000

18,133,000

19,000,000

7,492,000

0.39

0.39

804,608,000

19009
OIL & FUEL
20002

PADMA OIL

201012

832,491,000

29,400,000

403,033,000

13.71

13.71

20004

SUMMIT POWER
DHAKA ELECTRIC SUPPLY
COMPANY

201106

2,165,456,386 1,108,893,330

394,360,164

847,420,000

2.15

2.15

201112

7,466,306,281 7,548,693,512

260,276,962

405,686,588

1.95

1.56

20005

52 ISSUE OCT-DEC, 2011

Oct-Dec
2011

CSE Market Statistics

PORTFOLIO
Half-Yearly Performance

Scrip ID

Company Name

Half-Year
End

Turnover (Tk.)

Gross Profit
(Tk.)

Issued Share

Net Profit Tk.

EPS Tk.
Basic

Diluted

OIL & FUEL


20006
20007

POWER GRID COMPANY


JAMUNA OIL

201112
201112

3,558,146,306 1,470,210,184
774,016,560 1,232,777,160

419,011,810
70,200,000

628,981,973
881,281,572

1.50
16.32

1.50
12.55

20008

MEGHNA PETROLEUM

201112

458,480,604

20009

TITAS GAS

201112

33715475820

236,170,666

48,510,000

428,239,037

8.83

8.83

4597250349

942116030 4,036,479,325

4.28

20010

Khulna Power

201106

5,294,950,815

392,109,913

287,858,340

4.28

162,910,000

0.91

20011

Barakatullah

201112

393,754,412

208,202,171

0.57

103,200,000

111,040,377

1.08

20012

MJL Bangladesh Ltd

201106

2,942,159,880

1.08

650,509,157

207,368,000

598,261,566

2.89

20013

Linde Bangladesh

201106

1,856,177,000

2.89

759,054,000

15,218,280

357,975,000

23.52

23.52

21001

1ST ICB MF

201112

21002

2ND ICB MF

201112

2,840,010

750,000

11,227,673

14.97

14.97

1,224,245

500,000

7,135,259

14.27

21003

3RD ICB MF

14.27

201112

1,560,900

1,000,000

10,068,601

10.07

21004

10.07

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

201112

11,871,956

5,000,000

10,900,000

2.18

2.18

201112

58,795,474

41,450,000

42,376,341

1.02

1.02

21011

1ST BSRS MF
AIMS FIRST GUARANTEED MUTUAL
FUND
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

201112

23,851,673

25,500,000

17,655,607

0.69

0.69

201112

17,899,797

10,000,000

16,894,770

1.69

1.69

21015

GRAMEEN MUTUAL FUND


ICB AMCL FIRST NRB MUTUAL
FUND
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)

MUTUAL FUNDS

21010

21014

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

ISSUE OCT-DEC, 2011

53

CSE Market Statistics

PORTFOLIO

Oct-Dec
2011

Half-Yearly Performance
Scrip ID

Company Name

Half-Year
End

Turnover (Tk.)

Gross Profit
(Tk.)

Issued Share

Net Profit Tk.

EPS 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
2.06

22006

CITY BANK

201106

3,501,190,023 1,946,476,081

505,511,130 1,040,510,000

2.04

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
1.83

22013

PRIME BANK LIMITED

201106

5,280,391,846 3,315,517,142

779,809,558 1,425,517,142

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

201106

4,192,415,742 3,302,436,539

831,700,840 1,275,680,478

1.53

1.53

201106

2,972,435,504 2,118,757,376

594,165,435

812,193,769

1.37

1.37

22017

SOUTHEAST BANK LIMITED


NATIONAL CREDIT & COMMERC
BANK LTD.
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

22016

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

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

2005450149

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


INFORMATION SERVICES NETWORK
24003
LTD
24004
BDCOM ONLINE LIMITED

201106

24,162,576

11,384,294

9,904,765

3,960,606

0.44

0.40

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

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

54 ISSUE OCT-DEC, 2011

1,252,339,162 1,694,883,495

Oct-Dec
2011

CSE Market Statistics

PORTFOLIO
Half-Yearly Performance

Scrip ID

Company Name

Half-Year
End

Turnover (Tk.)

Gross Profit
(Tk.)

Issued Share

Net Profit Tk.

EPS 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.


INDUSTRIAL PROMOTION AND
DEVELOPMENT CO.OF BD. LTD
UNION CAPITAL LTD
BANGLADESH FINANCE &
INVESTMENT COMPANY
INTERNATIONAL LEASING &
FINANCIAL SERVICES
PHOENIX FINANCE & INVESTMENTS

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

25012
25013
25014
25015
25016

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

201106

205,024,288

102,980,321

70,801,070

142,763,458

2.02

2.02

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

FIDELITY ASSETS
DELTA BRAC HOUSING FINANCE
CORPORATION
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

1,350,300,022 6,766,447,570

5.01

5.01
(1.86)

25017
25018

TELECOMMUNICATION
Scrip ID

Company Name
43,404,139,050 24,111,827,649

26001
GRAMEENPHONE
MISCELLANEOUS

201106

32001

USMANIA GLASS

201112

70,735,000

3,322,000

8,190,000

(15,258,000)

(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

1,339,338,917 (206,301,802)

32004

B.S.C.

201012

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

60,000,000

745,554,000

12.43

12.43

32018

Deshbandhu Polymer

201112

46,000,000

24,462,254

0.61

0.53

35,119,930,000 4,600,908,000
162,850,033

23,098,442

ISSUE OCT-DEC, 2011

55

56 ISSUE OCT-DEC, 2011

BD. LUGGAGE

LEXCO LTD.

MAQ PAPER INDT.

16010

17003

19002

BD. ZIPPER

WONDERLAND TOYS

16006

MODERN CEMENT LIMITED

15007

16008

RANGAMATI FOOD PRODUCTS LIMITED

GERMAN BANGLA J.V. FOOD LIMITED

14019

14020

MONA FOOD INDUSTRIES

GACHIHATA AQUACUL FRM.LTD

MEGHNA SHRIMP

14009

14014

BENGAL BISCUIT

14015

RASPIT FOOD

PERFUME (MANOLA)

13014

14003

BCIL LTD.

13009

14002

CMC KAMAL TEX

12028

WATA CHEMICALS LTD.

TAMIJUDDIN TEXTILE

12026

AL-AMIN CHEMICAL INDUSTRIES LTD.

MITA TEXTILES

12021

13015

ASHRAF TEX

12020

13018

BD. DYEING

EAGLE STAR

12016

DYNAMIC TEXTILE

SREEPUR TEXTILES

12014

12018

CHIC TEX LTD.

12013

12019

M.H. GARMENTS

SAJIB KNITWEAR

12005

12012

GMG INDL. CORP.

12001

Company
Company Name
ID

200106

8/9/2002

600,000
800,000

16/5/2004

3,055,950

1,200,000

5,280,000

1,400,000

19/6/2003
4,000,000

405,000

920,000

1,175,280

1,720,000

1,434,730

1,800,000

9/9/2009

200612 13/09/2007

20/08/09

200906 17/12/2009

200906 24/12/2009

200812

5,000,000

3,000,000

2,070,000

640,000

1,000,000

1,200,000

380,000

2,000,000

1,000,000

880,000

1/12/2009 17,322,300

200906 17/12/2009

200906

200712 29/06/2008

200806 23/12/2008

200906 31/12/2009

200706 22/05/2008

200812

720,000

200206 24/12/2002 15,769,600

200806 31/12/2008

200212

200406 30/12/2004

200906 17/12/2009

200906 30/12/2009

200906 24/12/2009

200906 24/12/2009 10,500,000

200309

200812 17/12/2009

200906 16/11/2009

200812 29/12/2009

200406 30/12/2004 12,544,000

200706 24/12/2007

20/100

10/100

50/100

50/100

50/100

500/10

500/10

500/10

50/100

50/100

20/100

20/100

500/10

500/10

20/100

50/100

10/100

50/100

10/100

20/100

100/10

20/100

20/100

50/10

50/100

500/10

50/100

50/100

36.25

280.00

30.50

69.25

45.00

17.90

3.60

13.30

75.50

55.00

105.00

174.75

1.80

15.40

341.00

57.75

59.00

53.75

40.00

62.00

16.50

31.25

59.00

10.00

37.00

2.50

41.00

34.75

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

44.33

41.50

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

10.00

21.00

39.00

19.00

4.70

3.90

15.75

30.25

26.00

55.00

5.00

41.00

40.00

34.00

8.60

18.50

34.00

6.80

16.75

20.00

42.00

14.25

384.00 180.25

50.00

79.75

46.50

18.90

14.60

80.00

57.50

117.00

185.00

16.90

93.00

69.00

62.00

16.50

53.00

51.75

15.40

37.00

43.00

36.50

8.97

-0.34

-9.61

-8.90

3.33

0.04

-3.79

13.53

1.17

-8.46

4.42

3.33

- -51.40

-8.9

-13.58

- -23.58

-9.61

-0.33

-3.66

-8.63

-8.63

-13.65

-10.1 -10.13

0 -98.21 -98.21

0 -14.52 -14.52

-4.37

-0.33

-0.65

-3.66

-10.00

-11.7 -11.70

0 -1.179

30280

4640 -11.72 -11.72

0 -16.04 -16.04

0 -47.4 -47.43

12.15

-7.81 0.00

-210.43 0.00

-16.32 0.00

3.26 0.00

-8.47 0.00

5.63 0.00

4.18 0.00

4.69 0.00

-18.65 0.00

22.56

72.99 0.00

78.05 0.00

17.11 0.30 42.31

10.00 0.00

192.16 13.00 25.20

105.25 3.00 49.19

43.65 0.00

100.19

134.47 5.00 10.87

-54.46 0.00

-80.35 0.00

119.76 0.00

244.33 0.00

-33.10 0.00

-192.88 0.00

10.05 0.00

52.80 0.00

100.50 5.00 3.87

16.67

3.81

5.19

12.50

14.39

4.35

10.64

6.10

6.93

3.96

31.01

1.80

3.99

15.63

3.52

10.50

12.58

2.84

6.16

13.81

5.31

6.93

9.25

5.74

11.16

17.33

9.55

7.08

5.28

5.18

3.14

3.28

2.09

Traded
Market
Market Closing
Low
Monthly High Price/
Volume
Book Value/
PE Dividend
Capital
Lot/Face Price Tk.
Price/
Basic Diluted
DPS
Ratio Yield %
Change% Share
of
Share
Crore Tk.
Value Per Share
Share
Shares
881,759
50/10
30.30
0.00
43.50 36.30
0
10.29
-69.57 0.00 7.05
2.67

No. of
Issued
Share

CSE Market Statistics

Last AGM
Date

200906 25/11/2009

Z 2008-09

Category Year End

CSE Over The Counter (OTC) Market

PORTFOLIO
Oct-Dec
2011

ALLTEX IND.

ANLIMA YARN

T.B.L.

12017

12025

13001

MONNO FABRICS

ORION INFUSION

DHAKA FISHERIES

PADMA CEMENT

12015

14008

15008

5/12/2006
277,120

5,000,000

650,000

200,000

12/7/2010

3,885,000

1,100,000

900,000

2,880,000

1,032,000

1,600,000

380,000

1,377,504

1,786,780

4,800,000

317,000

2,035,976

200909 24/04/2010 27,600,000

200906 17/12/2009

200906 10/12/2009

200912 27/06/2010 11,500,000

200906 27/12/2009

200912 15/07/2010

200912 24/06/2010

200909

200906 29/12/2009

200906 24/12/2009

200906 12/12/2009

200912 30/06/2010

200906 23/12/2009

200906 30/12/2009

3,990,000

1,000,000

Postponed

0106 Not Scheduled


0306

330,000

1,600,000

9,195,000

1,600,000

3,000,000

2,489,600

9812 14-Oct-00

0112 20-Jun-02

0306 20-Sep-04

9906 27-Aug-00

200609 30/03/2009

9706 12-Aug-98

8,000,000

500/10

50/100

20/100

50/100

50/100

50/100

50/100

50/10

50/100

50/100

50/100

5/100

50/100

50/100

100

100

100

100

10

10

100

100

10

100

500/10

500/10

500/10

50/100

5/100

30.30

453.00

785.25

134.00

204.75

297.75

39.75

27.20

249.50

267.00

155.00

420.00

319.25

214.25

8.70

22.70

3.30

78.75

64.75

59.47

61.21

6.58

40.31

61.54

1.62

7.43

23.64

39.39

13.62

29.17

-11.58

68.69

74.19

0.00

0.00

0.00

0.00

0.00

-15.06

-2.59

-2.31

-62.47

1.95

-0.20

-0.04

2.05

-2.59

0.11

-69.66

0.05

-4.10

-0.19

0 -15.35 -15.35

350.00

12.87

14.60 3248000.00 -1.46

-1.46

50.00 -24.16 -24.16

12.87

58.25 56950.00 -19.55 -19.55

380.00 146.25
34.50

15.82

-1.57

56.09

-2.13

105.00 169500.00 -51.13 -51.13

960.00 571.25 25720.00

181.00

241.50

15.82

36.75 8400.00 -1.57

56.09

89.00 19500.00 -2.13


17.00 17650.00

394.00 188.25 75000.00

112.00

1032.00

0.18

-3.01
0.17

250.00 104.00 1550.00 -3.01


360.00 186.00 21800.00

-5.60

0.48
50.00 -5.60

475.00 420.00

0.48

102.00 255500.00 -12.20 -12.20

3.60

5.10

55.00

319.75 135.00 18950.00

214.25

8.70

23.50

100.00

183.16

0.48

0.00

0.00

7.50 18.83

0.00

0.00

0.00

0.00 1499.05

0.00
-0.82 0.00

78.20

17.38 12.50 61.01

102.93

50.06

126.36

269.90

16.20

84.63

105.27

101.05 0.00

-210.92 0.00

105.29 5.00 666.97

112.47 0.00

1.31

10.00

10.98

11.74

-48.51 0.00

105.51 0.00

1.59

2.52

1.57

83.63

14.36

159.88

154.10

79.55

32.75

3.58

7.83

25.75

42.72

5.89

57.86

57.04

102.84

6.96

28.38

1.65

5.12

1.79

Traded
Market
Market Closing
Low
Monthly High Price/
Volume
Book Value/
PE Dividend
Capital
Lot/Face Price Tk.
Price/
Basic Diluted
DPS
Ratio Yield %
Change% Share
of
Share
Crore Tk.
Value Per Share
Share
Shares
2,500,000 50/100
39.25
0.00
42.50 14.00
0 -2.99 -2.99
37.77 0.00
9.81
No. of
Issued
Share

7/4/2005 12,500,000

9812 3-Jun-01

200406

200406

200406 23/12/2004

200906 31/12/2009

200906 24/12/2009

200606

Last AGM
Date

CSE Market Statistics

13008

JMI SYRINGES

APEX WEAVING

32017

JAGO CORPORATION

32016

12003

SAMATA LEATHER COMPLEX

ALPHA TOBACCO

17007

32010

GULF FOODS LIMITED.

MARK BD SHILPA & ENG LTD

17004

NILOY CEMENT INDUS. LTD.

MEGHNA VEGETABLE OIL INDS LTD

14011

14013

J.H.CHEMICAL INDUSTRIES LTD.

13016

15004

PADMA PRINTERS AND COLOUR LTD

NATIONAL OXYZEN LIMITED

19005

20001

PARAGON LEATHER & FOOTWEAR LTD

SONALI PAPER & BOARD MILLS LTD

17006

EXCELSIOR SHOES LIMITED

17005

19003

GEM KNITWEAR FABRICS COMPANY

RUPAN OIL & FEEDS LIMITED

12027

KHAZA MOSAIC TILES & STONE IND. LTD.

14016

RH BALL PEN LTD.

32008

32015

RASPIT DATA MANAGEMENT & TELE. LTD.

24001

Z
Z

BD MONOSPOOL PAPER MFG.CO

BENGAL FINE CERA

19007

Category Year End

23002

MAQ ENTERPRISES

19004

Company
Company Name
ID

CSE Over The Counter (OTC) Market

Oct-Dec
2011

PORTFOLIO

ISSUE OCT-DEC, 2011

57

CSE Market Statistics

PORTFOLIO

Oct-Dec
2011

Shareholding Composition of Listed Securities


Company Id

Company Name

LIFE INSURANCE
10001
DELTA LIFE INSURANCE
10002
NATIONAL LIFE INS.
10003
SANDHANI LIFE INS.
10004
POPULAR LIFE INSURANCE
10005
FAREAST ISLAMI LIFE INS.
10006
MEGHNA LIFE INSURANCE
10007
PROGRESSIVE LIFE INS.
10008
PRAGATI LIFE INS.
10009
PRIME ISLAMI LIFE INS.
10010
RUPALI LIFE INSURANCE
10
GENERAL INSURANCE
11001
RUPALI INSURANCE
11002
PEOPLES INSURANCE
11003
GREEN DELTA INS.
11004
RELIANCE INSURANCE
11005
JANATA INSURANCE
11006
CENTRAL INSURANCE
11007
FEDERAL INSURANCE
11010
BGIC
11011
PRAGATI INSURANCE
11013
PHOENIX INS.
11014
EASTERN INS
11015
EASTLAND INSURANCE
11016
PRIME INSURANCE COMPANY LIMITED
11017
PIONEER INSURANCE COMPANY LIMITED
11021
NITOL INSURANCE
11022
ASIA PACIFIC GENERAL INS.
11024
SONAR BANGLA INS.
11027
PARAMAOUNT INSURANCE
11028
CITY GENERAL INSURANCE
11029
CONTINENTAL INSURANCE
11030
TAKAFUL ISLAMI INSURANCE
11031
STANDARD INSURANCE
11032
NORTHERN GENERAL INSURANCE
11033
REPUBLIC INSURANCE
11034
MARCENTILE INSURANCE
11035
ASIA INSURANCE
11036
ISLAMI INSURANCE
11037
PRABHATI INSURANCE
11038
DHAKA INSURANCE
29
TEXTILE
12002
PRIME TEXTILE
12004
APEX SPINNING
12006
DULAMIA COTTON
12008
BEXIMCO SYNTHETICS
12017
ALLTEX INDUSTRIES

58 ISSUE OCT-DEC, 2011

Directors' /
Total Outstanding
Government
Sponsors'
No. of Shares
Holding %
Holding %

Associate
Company
Other Shares
Holding (Cross under lock-in %
Holding) %

Free Float
Holding %

3,000,000
34,651,790
20,688,075
20,973,330
39,390,120
23,034,368
9,240,000
8,400,000
15,795,000
9,405,000

44
43
44
40
0
18
58
40
45
39

0
0
0
0
0
0
0
0
0
0

0
0
0
0
0
38
0
0
0
0

0
0
0
0
0
0
0
0
0
0

55.83
56.82
55.97
59.51

19,744,812
46,200,000
40,824,000
41,067,000
2,439,360
22,467,160
37,698,324
51,454,524
44,780,300
30,736,437
41,057,280
37,820,430
26,761,267
27,187,500
18,900,000
42,350,000
20,328,000
18,150,000
38,478,000
28,495,500
19,837,500
18,150,000
22,218,000
18,150,000
34,980,000
37,125,000
18,000,000
16,800,000
30,000,000

64
46
49
63
51
54
43
24
50
51
51
32
43
68
40
43
32
41
43
31
46
40
39
38
29
42
40
37
54

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0
0
3
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

36.13
53.61
50.68
37.00
48.55
45.85
57.15
75.68
50.00
49.07
46.61
67.75
57.23
32.14
60.00
57.49
68.41
59.44
56.51
68.77
54.01
60.00
61.28
62.25
70.52
58.44
60.00
62.52
45.51

38,200,000
8,400,000
7,556,600
68,547,320
48,000,000

50
50
50
32
38

0
0
0
0
0

0
3
0
3
0

0
0
0
0
0

50.00
46.40
49.85
64.33
62.50

44.12
42.44
59.65
54.80
61.00

Oct-Dec
2011

CSE Market Statistics

PORTFOLIO
Shareholding Composition of Listed Securities

Company Id

Company Name

TEXTILE
12022
SONARGAON TEXTILE
12023
DELTA SPINNERS LTD.
12024
H.R. TEXTILES
12025
ANLIMA YARN
12030
SIAHAM TEXTILE MILLS LTD.
12031
SAFKO SPINING MILLS LTD
12032
TALLU SPINNING MILLS LIMITED
12033
MITHUN KNITTING AND DYEING LIMITED
12034
SQUARE TEXTILES LIMITED
12035
METRO SPINNING LIMITED
12036
MAKSONS SPINNING
12037
THE DHAKA DYEING
12038
R. N. SPINNING
12039
MALEK SPINNING
12040
ZAHINTEX INDUSTRIES
20
PHARMACEUTICALS
13002
SQUARE PHARMA
13003
ACI LTD
13005
BEXIMCO PHARMA
13006
RECKIT BENCKISER (BD) LTD.
13007
AMBEE PHARMA
13008
ORION INFUSION
13011
KOHINOOR CHEMICAL
13012
LIBRA INFUSIONS LIMITED
13013
IBN SINA PHARMA
13017
KEYA COSMETICS LIMITED
13020
BERGER PAINTS
13021
ACI FORMULATIONS
13022
MARICO BANGLADESH
13023
BEACON PHARMACEUTICALS
13024
ACTIVE FINE CHEMICALS
13025
SALVO CHEMICALS
16
FOODS & ALLIED PROCUCTS
14001
APEX FOOD
14005
AMCL(PRAN)
14010
NATIONAL TEA
14012
RAHIMA FOOD CORP. LTD
14017
FU-WANG FOODS LIMITED
14018
BANGAS LIMITED
14021
BEACH HATCHERY LIMITED
14022
FINE FOODS LIMITED
14023
RANGPUR DEIRY & FOOD PRODUCTS
14024
CVO PETROCHEMICAL REFINERY
10

Directors' /
Total Outstanding
Government
Sponsors'
No. of Shares
Holding %
Holding %

Associate
Company
Other Shares
Holding (Cross under lock-in %
Holding) %

Free Float
Holding %

22,915,200
30,575,200
22,000,000
17,867,800
25,000,000
18,560,000
18,608,920
6,250,000
97,405,993
41,400,000
170,430,000
50,400,000
139,141,230
160,000,000
45,000,000

46
89
51
47
35
28
59
50
15
26
25
47
62
44
56

7
0
0
0
0
0
0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
46
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

47.14
11.18
48.97
52.50
65.00
71.61
40.89
50.00
38.69
73.79
74.56
53.32
37.79
56.25
44.44

264,834,760
19,714,756
251,767,810
4,725,000
2,000,000
20,359,760
5,000,000
1,251,600
12,960,000
73,994,494
23,188,940
30,000,000
31,500,000
220,000,000
46,000,000
42,105,010

54
34
3
83
74
9
41
22
48
34
95
66
90
27
18
23

0
0
0
4
0
0
0
0
0
0
0
0
0
0
0
0

0
0
9
0
0
36
0
28
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

45.80
65.80
88.39
13.26
26.28
54.43
59.00
50.00
51.76
66.09
5.00
33.98
10.00
72.73
82.02
77.31

5,702,400
8,000,000
6,600,000
20,000,200
44,528,000
1,125,000
28,336,000
10,565,625
40,000,000
12,000,000

50
26
6
53
6
50
35
8
59
50

0
0
45
0
0
0
0
0
0
0

3
17
19
0
0
0
0
1
0
0

0
0
0
0
0
0
0
0
0
0

46.50
57.21
30.45
47.01
93.60
50.00
64.99
90.31
40.85
50.00

ISSUE OCT-DEC, 2011

59

CSE Market Statistics

PORTFOLIO

Oct-Dec
2011

Shareholding Composition of Listed Securities


Company Id

Company Name

CEMENT
15001
CONFIDENCE CEMENT
15002
HEIDELBERG CEMENT BANGLADESH LTD
15003
MEGHNA CEMENT
15005
ARAMIT CEMENT LIMITED
15009
LAFARGE SURMA CEMENT LIMITED
15010
M I CEMENT
6
ENGINEERING
16001
AZIZ PIPE
16002
QUASEM DRYCELLS
16003
ANWAR GALVANIZING
16004
AFTAB AUTO.
16005
OLYMPIC INDUSTRIES
16009
BD. THAI ALLUMINIUM
16012
BD. AUTO CARS
16013
BD. LAMPS LTD.
16014
KAY & QUE (BD) LTD.
16015
EASTERN CABLES LTD.
16016
RANGPUR FOUNDRY LTD.
16017
BD WELDING ELECTRODES LTD
16019
SINGER BANGLADESH LIMITED
16020
S ALAM COLD ROLLED STEELS
16021
GOLDEN SON
16022
BSRM STEELS
16023
NAVANA CNG
17
LEATHER & FOOTWEAR
17001
APEX TANNERY
17002
APEX FOOTWEAR
17007
SAMATA LEATHER
17008
LEGACY FOOTWEAR LIMITED
17009
BATA SHOE COMPANY LTD.
5
SERVICES & PROPERTIES
18002
EASTERN HOUSING
18004
SAMORITA HOSPITAL LTD.
18005
SUMMIT ALLIANCE PORT
18006
OCEAN CONTAINERS
18007
UNITED AIRWAYS
5
PAPERS & PRINTING
19006
SINOBANGLA INDUSTRIES LTD
19008
MIRACLE INDUSTRIES LTD.
19009
HAKKANI PULP & PAPER MILLS LIMITED
3
OIL & FUEL
20002
PADMA OIL
20004
SUMMIT POWER

60 ISSUE OCT-DEC, 2011

Directors' /
Total Outstanding
Government
Sponsors'
No. of Shares
Holding %
Holding %

Associate
Company
Other Shares
Holding (Cross under lock-in %
Holding) %

Free Float
Holding %

37,494,600
56,503,580
22,500,400
15,400,000
1,161,373,500
135,000,000

23
62
52
43
67
70

0
0
0
0
0
0

0
0
0
0
0
0

0
0
0
0
0
0

76.53
38.44
47.70
57.14
33.03
30.00

4,850,000
27,648,000
13,200,000
56,983,585
52,240,875
41,099,060
3,569,401
7,208,160
4,902,530
24,000,000
10,000,000
37,076,000
39,267,580
98,371,100
106,190,392
325,500,000
49,658,400

11
26
35
31
18
18
45
55
15
0
28
9
75
47
48
17
43

0
0
0
0
0
0
0
0
0
51
0
35
0
0
0
0
0

0
0
0
0
3
0
0
7
0
0
23
0
0
4
0
57
0

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

89.04
73.65
65.05
69.41
79.02
82.08
55.36
37.86
84.62
48.97
49.97
55.91
25.00
49.08
52.18
26.41
57.34

15,240,000
11,250,000
10,320,000
7,975,000
13,680,000

49
5
50
52
70

0
0
0
0
0

0
0
0
0
0

0
0
0
0
0

50.88
94.81
50.00
48.28
30.00

65,159,640
7,590,000
120,864,500
32,725,000
441,000,000

51
66
74
73
7

0
0
0
0
0

0
0
0
0
0

0
0
0
0
0

49.25
33.86
25.99
26.90
93.48

19,996,600
20,862,187
19,000,000

26
50
72

0
0
0

0
0
0

0
0
0

74.03
49.93
27.54

29,400,000
394,360,164

0
51

50
0

0
0

0
0

49.65
48.63

Oct-Dec
2011

CSE Market Statistics

PORTFOLIO
Shareholding Composition of Listed Securities

Company Id
OIL & FUEL
20005
20006
20007
20008
20009
20010
20011
20012
20013
11
MUTUAL FUNDS
21001
21002
21003
21004
21005
21006
21007
21008
21009
21010
21011
21012
21013
21014
21015
21016
21017
21018
21019
21020
21021
21022
21023
21024
21025
21026
21027
21028
21029
21030
21031
21032
21033
21034
21035

Company Name

DHAKA ELECTRIC SUPPLY COMPANY


POWER GRID COMPANY
JAMUNA OIL
MEGHNA PETROLEUM
TITAS GAS
KHULNA POWER
BARAKATULLAH ELECTRO DYNAMICS
MJL BANGLADESH
LINDE BANGLADESH

1ST ICB MF
2ND ICB MF
3RD ICB MF
4TH ICB MF
5TH ICB MF
6TH ICB MF
7TH ICB MF
8TH ICB MF
1ST BSRS MF
AIMS FIRST GUARANTEED MUTUAL
FUND
ICB AMCL First Mutual Fund
ICB AMCL ISLAMIC MUTUAL FUND
GRAMEEN MUTUAL FUND
ICB AMCL FIRST NRB MUTUAL FUND
ICB AMCL 2ND NRB MUTUAL FUND
GRAMEEN ONE : SCHEME TWO
PRIME FINANCE 1ST MF
EBL FIRST MUTUAL FUND
ICB AMCL 2ND MUTUAL FUND
ICB EMPLOYEES PROVIDENT MUTUAL
FUND
TRUST BANK 1ST MUTUAL FUND
PRIME BANK 1ST ICB AMCL MUTUAL
FUND
DBH 1ST MUTUAL FUND
IFIC BANK 1ST MUTUAL FUND
PHOENIX FINANCE 1ST MUTUAL FUND
ICB AMCL 3RD NRB MUTUAL FUND
FIRST JANATA BANK MUTUAL FUND
GREEN DELTA MUTUAL FUND
POPULAR LIFE 1ST MUTUAL FUND
IFIL ISLAMIC MUTUAL FUND
PHP FIRST MUTUAL FUND
AIBL FIRST ISLAMIC MUTUAL FUND
MBL FIRST MUTUAL FUND
SOUTHEAST BANK FIRST MUTUAL FUND
EBL NRB FIRST MUTUAL FUND

Directors' /
Total Outstanding
Government
Sponsors'
No. of Shares
Holding %
Holding %

Associate
Company
Other Shares
Holding (Cross under lock-in %
Holding) %

Free Float
Holding %

208,221,570
419,011,810
54,000,000
48,510,000
942,116,030
287,858,340
103,200,000
207,368,000
15,218,280

75
0
60
59
0
56
26
58
60

0
0
0
0
75
0
0
19
0

0
0
0
0
0
19
0
0
0

0
0
0
0
0
0
0
0
0

25.00

750,000
500,000
1,000,000
1,000,000
1,500,000
5,000,000
3,000,000
5,000,000
5,000,000

0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0

100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00

41,450,000

100.00

10,000,000
10,000,000
17,000,000
10,000,000
100,000,000
125,000,000
20,000,000
100,000,000
50,000,000

1
1
4
1
1
21
6
2
1

0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0

99.00
99.00
96.18
99.00
98.90
79.48
93.63
98.00
98.90

39.92
41.33
25.00
25.00
73.54
22.18
40.00

75,000,000

91.00

200,000,000

98.00

100,000,000

20

80.00

120,000,000
120,000,000
60,000,000
100,000,000
200,000,000
150,000,000
200,000,000
100,000,000
200,000,000
100,000,000
100,000,000
90,713,000
150,000,000

2
2
33
10
3
1
1
10
1
10
10
28
17

0
0
0
0
0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0
40
40
28
0

98.33
97.92
66.67
90.00
97.50
99.00
99.00
90.00
99.00
50.00
50.00
44.88
83.33

ISSUE OCT-DEC, 2011

61

CSE Market Statistics

PORTFOLIO

Oct-Dec
2011

Shareholding Composition of Listed Securities


Company Id
MUTUAL FUNDS
21036
21037
37
BANKING
22002
22003
22004
22005
22006
22007
22008
22010
22012
22013
22014
22015
22016

Company Name

RELIANCE ONE : MUTUAL FUND


LR GLOBAL BD MUTUAL FUND ONE

AB BANK
NATIONAL BANK
UNITED COMMERCIAL BANK
RUPALI BANK
CITY BANK
PUBALI BANK
ISLAMI BANK
IFIC BANK LTD.
AL-ARAFAH ISLAMI BANK LTD
PRIME BANK LIMITED
DHAKA BANK LIMITED
SOUTHEAST BANK LIMITED
NATIONAL CREDIT & COMMERC BANK
LTD.
DUTCH-BANGLA BANK LIMITED
MUTUAL TRUST BANK LIMITED
STANDARD BANK LIMITED
ONE BANK LIMITED
BANK ASIA LIMITED
MERCANTILE BANK LIMITED
UTTARA BANK LIMITED
EASTERN BANK LIMITED
EXPORT IMPORT BANK OF BD. LTD.
SOCIAL ISLAMI BANK
JAMUNA BANK
BRAC BANK
SHAHJALAL ISLAMI BANK
PREMIER BANK
TRUST BANK
FIRST SECURITY ISLAMI BANK

22017
22018
22020
22021
22022
22023
22024
22025
22026
22027
22028
22029
22030
22031
22032
22033
29
CERAMICS
23001
MONNO CERAMIC
23003
STANDARD CERAMIC
23004
FU-WANG CERAMIC IND.
23005
SHINEPUKUR CERAMICS
23006
RAK CERAMICS
5
INFORMATION COMMUNICATION & TECHNOLOGY
24003
INFORMATION SERVICES NETWORK LTD
24004
BDCOM ONLINE LIMITED
24005
INTECH ONLINE LIMITED
24006
AGNI SYSTEMS LIMITED
24007
DAFFODIL COMPUTERS LIMITED
5

62 ISSUE OCT-DEC, 2011

Directors' /
Total Outstanding
Government
Sponsors'
No. of Shares
Holding %
Holding %

Associate
Company
Other Shares
Holding (Cross under lock-in %
Holding) %

Free Float
Holding %

55,000,000
300,000,000

20
17

0
0

0
0

0
33

80.00
50.00

368,611,390
860,365,603
727,488,375
137,500,000
505,511,130
670,761,000
1,000,771,200
276,837,900
589,337,199
779,809,558
359,045,703
831,700,840

3
30
26
0
14
11
42
11
38
41
50
27

0
0
1
90
0
0
0
33
0
0
0
0

0
0
0
0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0
0
0
0

97.00
69.79
72.74
9.81
85.85
89.02
57.99
55.94
62.48
59.25
49.84
72.78

594,165,435

35

65.22

200,000,000
254,349,840
406,132,030
318,867,560
525,479,060
496,809,200
287,517,312
452,725,767
922,356,286
639,392,570
364,840,376
321,235,200
445,265,535
381,861,109
266,112,740
340,032,000

87
39
50
40
52
40
10
7
47
23
59
50
44
46
60
49

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

13.00
60.55
50.25
59.71
48.39
59.61
89.77
93.27
52.56
76.95
41.23
50.00
56.31
53.54
39.99
50.51

20,250,000
6,460,650
63,570,540
111,127,453
253,080,850

16
48
19
0
80

0
0
0
0
0

0
0
0
50
0

0
0
0
0
0

84.48
52.24
80.77
50.00
20.08

9,904,765
26,241,600
15,927,943
40,770,550
49,912,262

19
21
3
13
43

0
0
0
0
0

0
0
0
0
0

0
0
0
0
0

80.67
78.71
97.44
87.42
56.52

Oct-Dec
2011

CSE Market Statistics

PORTFOLIO
Shareholding Composition of Listed Securities

Company Id

Company Name

LEASING & FINANCE


25001
I.C.B.
25002
IDLC FINANCE LTD.
25003
UTTARA FINANCE
25004
FIRST LEASE INTERNATIONAL LIMITED
25005
MIDAS FINANCING LIMITED
25006
PEOPLES LEASING
25007
PRIME FINANCE
25008
PREMIER LEASING
25009
ISLAMIC FINANCE & INVESTMENT
25010
LANKA BANGLA FINANCE
25011
BD INDUSTRIAL FINANCE CO.
INDUSTRIAL PROMOTION AND
25012
DEVELOPMENT CO.OF BD. LTD
25013
UNION CAPITAL LTD
BANGLADESH FINANCE & INVESTMENT
25014
COMPANY
INTERNATIONAL LEASING & FINANCIAL
25015
SERVICES
25016
PHOENIX FINANCE & INVESTMENTS
25017
FIDELITY ASSETS
DELTA BRAC HOUSING FINANCE
25018
CORPORATION
25019
NATIONAL HOUSING
25020
BAY LEASING & INVESTMENT
20
TELECOMMUNICATION
26001
GRAMEENPHONE
1
MISCELLANEOUS
32001
USMANIA GLASS
32002
ARAMIT
32003
BEXIMCO
32004
B.S.C.
32005
NATIONAL POLYMER
32006
GQ BALL PEN
32007
IMAM BUTTON
32009
BATBC
32008
DESHBANDHU POLYMER
9
CORPORATE BOND
40001
IBBL MUDARABA PERPETUAL BOND
ACI 20% CONVERTIBLE ZERO COUPON
40002
BOND
SUBORDINATED 25% CONVERTIBLE
40003
BONDS OF BRAC BANK
3

Directors' /
Total Outstanding
Government
Sponsors'
No. of Shares
Holding %
Holding %

Associate
Company
Other Shares
Holding (Cross under lock-in %
Holding) %

Free Float
Holding %

33,750,000
99,000,000
73,920,000
50,311,800
54,667,580
190,627,330
162,450,288
104,185,640
69,328,240
82,351,500
55,345,260

70
64
34
20
58
42
68
36
42
39
62

27
0
0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
24
0
0

0
0
0
0
0
0
0
0
0
0
0

3.20
36.18
66.24
80.33
42.34
57.57
31.55
64.47
34.27
61.23
37.82

94,853,850

73

27.07

95,159,590

58

41.55

53,730,739

63

37.09

162,932,000

30

69.53

70,801,070
51,664,380

57
64

0
0

0
0

0
0

43.08
36.00

100,912,500

75

24.52

57,200,000
94,860,000

9
41

81
0

0
0

0
0

9.69
58.73

1,350,300,022

90

10.01

8,190,000
6,000,000
355,502,289
8,274,000
9,246,000
5,391,360
7,700,000
60,000,000
40,000,000

0
66
14
0
23
43
0
66
25

51
0
0
21
0
0
0
1
0

0
0
5
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0

48.55
34.48
81.18
78.85
77.27
57.18

3,000,000

98.14

1,068,680

99.00

3,000,000

100.00

33.45
75.00

ISSUE OCT-DEC, 2011

63

PORTFOLIO

Round Up 2011

Major CSE Events-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
Peoples 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. Al Maruf Khan, FCA

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. 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

64 ISSUE OCT-DEC, 2011

Major CSE Events-2011

PORTFOLIO

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.

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.
October 20, 2011: CSE President Mr. Fakhor Uddin Ali Ahmed
formally inaugurated the CSE NGTS at CSE Conference Hall,
Chittagong.

Some Key features of the CSE Next Generation Web Based Trading System
1.

Worlds 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.;

ISSUE OCT-DEC, 2011

65

PORTFOLIO

Major CSE Events-2011

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

December 29, 2011: A model of Demutualization was presented at the office of Ministry of Finance by the CSE delegation led by new
CSE President Mr. Al Maruf Khan, FCA.

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 Governments 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
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.

66 ISSUE OCT-DEC, 2011

Major CSE Events-2011

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.

ISSUE OCT-DEC, 2011

67

PORTFOLIO

Major CSE Events-2011

Workshop on Electronic Fund Transfer Network held


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.
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.

Post Budget Press Conference by CSE


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
June 11, 2011: CSE President Mr. Fakhor Uddin Ali Ahmed was addressing in the post
tax on Capital Market. But, the tax on members of stock exchange has
budget press conference organized by CSE.
been increased from 0.025% to 0.05% last year and finally to 0.10%
this year. At the same timebusiness 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 regardCSE 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,obviouslya 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 stepsto do so,obviouslythis 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.

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Major CSE Events-2011

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Members meeting on restoring capital market confidence held

June 25, 2011: SEC and CSE initiated as first time to organize a joint conference on
Restoring Investors Confidence at CSE Conference Hall, Chittagong.

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.

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 CSEs
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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Major CSE Events-2011

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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.

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.

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.

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 CSE


March 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.

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.

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.

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.

February 06, 2011: CSE Vice President Mr. Tareq Kamal was addressing as Chief Guest in
the 12th Comprehensive training program organized by CSE.

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.

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 issuers 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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Major CSE Events-2011

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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 Members 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 countrys stock market. There is a huge
February 13, 2011: CSE Vice President Mr. Tareq Kamal was addressing as Chief Guest in the
shortage of knowledgeable persons about capital market in
training program jointly organized by CSE and BICM
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.

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.
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.

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.

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Major CSE Events-2011

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Blood Donation and Eye camp at CSE


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.
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.

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.
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.

They met the victims family at Mayani 13 No.Union Parishad offices


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.

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REGULATORY UPDATES-2011
FROM JANUARY TO DECEMBER 2011
Lending 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 loan
The Commission allowed a new investor to enjoy margin loan facilities
just 15 days after the opening of a beneficiary owners account, instead
of 30 days.
(SEC/CMRRCD/2009-193/90 dated January 09, 2011)
Margin Issues
The 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 Fund
The Securities and Exchange Commission relaxed the highest limit
of mutual funds 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 Market
On 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 method
On 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 opening
The Securities and Exchange Commission (SEC) suspended the branch
offices opening by stock brokers on February 22,2011 .
Circuit breaker on the index
SEC 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

74 ISSUE OCT-DEC, 2011

Circuit breaker on individual stock


The 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 companies
As 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 IPOs
In 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 company
Companies 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 securities
The 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)

REGULATORY UPDATES-2011
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 shares
The 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 shares
The 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 2006
A 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 license
The 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

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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 auditors 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

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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 auditors 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 issuers 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 companies
The 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, 2011
Holding of shares by Sponsors/promoters/director of a listed
company
An 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 paidup
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.

76 ISSUE OCT-DEC, 2011

REGULATORY UPDATES-2011
Exemption from sub rule 2 of Rule 4 of Securities and Exchange
Commission (Prohibition of Insider Trading) Rules, 1995
As 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 paidup 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 Banker
The 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.

PORTFOLIO

CSE Market Statistics-2011


SUMMARY STATISTICS : 2006-2011
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

16,529.60

52,370.60

100,747.10

162,019.30

340,929.30

186,336.50

17.69

216.83

92.37

60.82

110.43

(45.34)

71.2

220.9

423.3

664.00

1,397.30

792.92

31.85

210.25

91.63

56.86

110.44

(43.25)

331,648

652,224

972,811

1,338,780

2,129,129

2,518,282

6.87

96.66

49.15

37.62

59.04

18.28

717,678

1,566,311

2,805,138

4,403,202

7,415,220

6,059,995

7.12

118.25

79.09

56.97

68.41

(18.28)

270,510

613,175

807,875

1,470,807

2,983,929.20

1972423.4

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

Annual Turnover(BDT mn)


% change
Daily Avg Turnover (BDT mn)
% change
Number of shares Traded(000)
% change
Number of Contracts
% change
Market Capital (BDT mn)
% change

ISSUE OCT-DEC, 2011

77

78 ISSUE OCT-DEC, 2011


20

1137.3

(6.94)

(30.15)

Unchanged

% change

CSCX

% change

CSE-30

% change

CASPI

Indices:

% change

Paid-UpCapital (BDT mn)

% change

Market Capital (mn USD)

% change

1
0

219
0

32

195

227

43.44

13,106.27

85.63

153

68

225

(12.90)

11,416.07

(24.77)

216,905.36

(21.76)

889.8

(32.43)

16,906.60

19

0.43

234

April

(31.24)

25,404.14

(31.47)

(8.47)

13,873.02

(12.34)

18,398.27

(8.63)

21,424.58

2.68

(31.68)

9,477.58

(28.32)

13,187.97

(31.46)

14,684.13

3.61

242,454.70 251,214.70

(36.76)

36,945.03

(29.97)

20.91

11,459.11

13.18

14,926.09

20.94

17,758.67

8.19

271,782.00

22.63

31,152.95

21.48

(4.76)

10,913.91

(3.84)

14,352.33

(4.60)

16,941.15

1.90

276,938.10

(9.18)

28,292.05

(6.70)

2,724,695.80 1,867,204.30 2,268,246.50 2,116,245.70

Declined

Market Capital (BDT mn)

13

201

Advanced

220

9,136.93

9,818.59

221

(20.90)

(33.47)

No. of Securities Traded

% change
Daily Avg Number of shares
Traded (000)
% change

288,337.99

899.1

Number of shares Traded (000) 196,371.84 155,327.86

% change

63.69

25,020.60

22

233

March

26.49

1086.7

(44.57)

Daily Avg Turnover (BDT mn)

(29.67)

15,285.50

17

0.87

233

February

(17.26)

(47.21)

21,733.20

% change

Turnover(BDT mn)

Trading Days

Turnover:

2.67

% change

New Listing

231

January

No. of Securities

(5.52)

10,311.37

(3.06)

13,913.09

(5.39)

16,028.16

5.42

291,945.90

(4.09)

27,135.98

(4.02)

2,031,128.00

189

30

223

(19.88)

9,146.67

(11.45)

192,080.07

(30.14)

621.6

(22.79)

13,053.10

21

1.28

237

May

6.43

10,974.12

10.41

15,360.82

6.43

17,059.53

3.76

302,917.30

10.37

29,950.27

10.16

2,237,585.00

98

124

226

33.90

12,247.20

40.27

269,438.35

34.41

835.5

40.82

18,382.00

22

0.42

238

June

20

0.42

239

July

(59.55)

629.8

(65.61)

10,707.30

17

(0.42)

238

(19.85)

504.8

(5.72)

10,095.10

20

0.42

239

August September

197

23

220

(54.76)

9,966.28

(61.54)

197

27

225

(29.66)

7,010.06

(17.25)

4.44

439.6

(15.46)

7,472.70

17

0.84

241

November

(17.70)

361.8

(8.02)

6,873.30

19

241

December

213

222

0.86

7,070.29

5.90

54

154

212

16.89

8,264.18

(5.38)

107

108

222

(4.89)

7,860.47

(4.88)

148,476.12 140,490.71 133,627.94

(16.62)

420.9

(12.44)

8,839.00

21

239

October

(5.19)
(8.84)

29,505.24

(5.36)
(2.01)

28,911.99

7.76

11,825.46

2.65

15,768.28

7.71

18,375.53

0.94

(4.21)

11,327.46

(2.04)

15,446.55

(3.82)

17,673.27

(1.03)

(5.72)

10,679.41

(4.77)

14,709.13

(5.68)

16,668.94

2.16

305,750.00 302,603.70 309,143.50

8.06

32,365.44

8.48

3.84
1.97

25,453.57

(0.20)
(5.50)

24,053.94

(13.07)

9,283.59

(8.63)

13,439.07

(13.53)

14,414.02

2.29

3.68

9,625.32

4.49

14,042.29

4.10

15,005.29

0.64

(0.55)

9,572.67

(1.53)

13,826.94

(0.83)

14,880.37

1.21

316,234.20 318,265.30 322,129.10

(13.66)

24,962.64

(12.61)

2,427,408.20 2,301,409.90 2,177,940.50 1,903,401.50 1,976,469.70 1,972,423.40

31

197

232

79.86

22,028.17

63.52

440,574.12 169,426.73 140,201.24

86.33

1556.8

69.38

31,135.90

Month-wise Yearly Statistics

PORTFOLIO

CSE Market Statistics-2011

CSE Market Statistics-2011

PORTFOLIO

CSE Market Performance 2011


CSE30

CSCX

Turovern Tk.000

20000

1,800,000

15000

1,300,000

10000

800,000

5000

300,000

Index

2,300,000

Turnover 000'

CASPI

25000

-200,000
J

Month

Turnover Value : 2011


No. of Trading
Days

Total Turnover
(Tk. Mn)

Average Turnover
(Tk. Mn)

January

20

2,173.32

108.67

Maximum
Turnover (Tk.
Mn)
187.17

February

17

1,528.55

89.91

March

22

2,502.06

113.73

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

Month

2-Jan-11

Minimum
Turnover (Tk.
Mn)
12.00

20-Jan-11

123.37

22-Feb-11

66.30

28-Feb-11

176.81

10-Mar-11

63.28

1-Mar-11

Date

Date

MonthwiseTurnover (Tk. Mn)


3,500
3,000
2,500
2,000
1,500
1,000
500

ISSUE OCT-DEC, 2011

79

CSE Market Statistics-2011

PORTFOLIO
Sectoral Index
Sl.

Sector

Dec '11

Dec '10

(+/-)

(%)

LIFE INSURANCE

102218.47

163565.10

(61,346.63)

(37.51)

GENERAL INSURANCE

11675.85

20579.77

(8,903.92)

(43.27)

TEXTILES & CLOTHING

PHARMA & CHEMICALS

4131.89

7806.70

(3,674.81)

(47.07)

15856.20

20835.94

(4,979.74)

(23.90)

FOODS & ALLIED

7660.66

9537.68

(1,877.02)

(19.68)

CEMENT

3446.34

5084.14

(1,637.80)

(32.21)

ENG. & ELECTRICAL

6429.12

11330.69

(4,901.57)

(43.26)

LEATHER & FOOTWEAR

4317.03

5374.66

(1,057.63)

(19.68)

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

15

ICT

16

LEASING & FINANCE

17

TELECOMMUNICATION

18

MISCELLANEOUS

729.80

1412.11

(682.31)

(48.32)

8221.34

12063.85

(3,842.51)

(31.85)

28801.83

59186.60

(30,384.77)

(51.34)

989.74

1486.42

(496.68)

(33.41)

6858.11

10965.30

(4,107.19)

(37.46)

Sector Index 2011

120000.00
100000.00
80000.00
60000.00
40000.00
20000.00
0.00

80 ISSUE OCT-DEC, 2011

CSE Market Statistics-2011

PORTFOLIO
Sector-wise Market Indicator

Sl.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18

Sector

PE Ratio

LIFE INSURANCE
GENERAL INSURANCE
TEXTILES & CLOTHING
PHARMA & CHEMICALS
FOODS & ALLIED
CEMENT
ENG. & ELECTRICAL
LEATHER & FOOTWEAR
SERVICES & PROPERTY
PAPERS & PRINTING
ENERGY
MUTUAL FUNDS
BANK
CERAMIC
ICT
LEASING & FINANCE
TELECOMMUNICATION
MISCELLANEOUS

Change %

Dec '10

Dec '11

60.35
57.98
35.54
53.34
33.05
59.38
21.17
64.88
82.04
22.52
40.08
25.23
76.99
63.70
48.70
22.22
18.48

19.46
24.45
23.82
35.06
21.46
26.72
15.78
14.51
45.72
14.31
8.50
11.37
30.35
32.31
13.39
20.69
8.82

Cash Dividend Yield


Dec '10
Dec '11
0.02
0.21
0.09
1.33
0.19
0.56
0.80
1.37
0.22
0.58
1.39
0.85
0.17
3.01
2.21
5.27
4.55
1.28
0.51
1.38
0.63
3.17
0.71
1.45
0.71
0.48
0.02
1.31
0.73
1.26
0.20
0.6
2.44
5.17
1.76
3.08

(67.75)
(57.83)
(32.98)
(34.27)
(35.07)
(55.00)
(25.46)
(77.64)
(44.27)
(36.46)
(78.79)
(54.93)
(60.58)
(49.28)
(72.51)
(6.89)
(52.27)

Change %
950.00
1,377.78
194.74
71.25
163.64
(38.85)
1,670.59
138.46
(71.87)
170.59
403.17
104.23
(32.39)
6,450.00
72.60
200.00
111.89
75.00

Sectorsise Market P/E, 2011

50.00
45.00
40.00
35.00
30.00
25.00
20.00
15.00
10.00
5.00

46%
35%
19%

24% 24%

30% 32%

27%
21%

21%

16% 15%

14%
9%

13%

11%

9%

Most Active Securities in 2011


Rank Company Name

Turn Over

U.C.B.L.

973.36

% of total
turnover
5.22

BEXIMCO

921.10

4.94

UNITED AIRWAYS (BD) LTD.

862.31

4.63

AFTAB AUTO.

727.43

3.90

GRAMEENPHONE LIMITED

673.37

3.61

Most Active Securities 2011


1200.00
1000.00
800.00
600.00
400.00
200.00
0.00

Bextex Ltd

667.77

3.58

NATIONAL BANK

492.01

2.64

AB BANK LTD.
427.24
PEOPLE'S LEASING & FINANCIAL SERVICES
419.85
LTD.
SOUTHEAST BANK LIMITED
388.01

2.29

9
10

2%

5.2

4%

4.9

3%

4.6

0%

3.9

1%

3.6

8%

3.5

4%

2.6

9%

2.2

5%

2.2

8%

2.0

2.25
2.08

ISSUE OCT-DEC, 2011

81

CSE Market Statistics-2011

PORTFOLIO
Category -wise Turnover Value : 2011

Turnover

Turnover
A

86.21

5.55

5.98

2.26

5.5

2.26
5.98

A
B
N

86.21

Contracts & Turnover Volume : 2011


Month
January

Daily
No. of Traded AverageNo. of
Average No.
Shares ('000) Shares ('000)
of Contracts
510,910
25,545
196,372
9,819

No. of Trading
No. of
Days
Contracts
20

Maximum
Volume
19318.75

Date

Minimum
Volume

2-Jan-11

1221.282

Date
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

Monthwise Contracts 2011

Monthwise Trade Volume 2011


35500
30500
25500
20500
15500
10500
5500
500

December
November
October
September
August
July
June
May
April
March
February
January
10,000

82 ISSUE OCT-DEC, 2011

210,000

410,000

610,000

810,000

1,010,000

CSE Market Statistics-2011

PORTFOLIO
Sectoral Performance: 2011

Sl.

Sector

No. of Companies

No. of Contracts

No. of Shares ('000)

Turnover in Mn. Tk.

% of Total Turnover

LIFE INSURANCE

10

37,594

4,076.78

1556.20

0.84

GENERAL INSURANCE

29

192,150

45,672.31

5350.36

2.87

TEXTILE N CLOTHING

20

534,534

290,432.60

18705.85

10.04

PHARMA N CHEMICAL

17

270,630

92,066.36

8752.59

4.70

FOODS N ALLIED

11

89,521

36,121.11

2532.07

1.36

CEMENT

252,582

42,879.14

8634.52

4.63

ENG N ELECTRICAL

16

367,971

66,621.18

14929.54

8.01

LEATHR N FOOTWEAR

5,832

1,122.67

212.07

0.11

SERVICES N PROPERTY

444,867

214,765.37

12101.50

6.49

10

PAPERS N PRINTING

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

142,461

41,589.50

4333.00

2.33

15

ICT

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

105,788

36,946.76

6733.75

3.61

18

MISCELLANEOUS

258,879

69,955.36

11149.92

5.98

19

CORPORATE BOND

4,760

49.01

42.95

0.02

Sectorwise Turover %
35.00

31.95%

30.00
25.00
20.00
15.00

10.04%

8.01%

10.00
5.00

0.84%

2.87%

4.70%
1.36%

8.01%

6.49%

4.63%
0.11%

4.85%
0.19%

3.10%

2.33%

5.98%
3.61%

0.90%

0.02%

0.00

ISSUE OCT-DEC, 2011

83

CSE Market Statistics-2011

PORTFOLIO
Top10 CSE Members

Top 10 Securities by Market Capitalization

Rank 2011 Rank 2010

Member Code

Member Companies

Company

Tk. in Bn.

91

LANKA BANGLA SECURITIES LTD.

Grameenphone

221.45

11.36

96

INTERNATIONAL SECURITIES CO. LTD

Titas Gas

63.97

3.28

56

KABIR SECURITIES LTD.

Square Pharmaceuticals

62.87

3.22

25

SYLHET METROCITY SECURITIES LTD.

National Bank

57.56

2.95

% of Total

76

SOHEL SECURITIES LTD.

Islami Bank

54.64

2.80

22

SALTA CAPITAL LIMITED

ICB

53.14

2.73

27

BE RICH LTD.

Beximco

40.31

2.07

10

38

SR CAPITAL LTD.

BSRM Steels

38.57

1.98

MEENHAR SECURITIES LTD.

BATBC

37.14

1.90

10

33

SYLNET SECURITIES LTD.

Prime Bank

34.86

1.79

New Listing
SL

Company Name

Deshbandhu Polymer Ltd.

AIBL 1st Mutual Fund


BRAC Bank Subordinated 25% convertible
Bonds
MBL 1st Mutual Fund

Salvo Chemical Industry Ltd.

M.I.Cement Factory Ltd.

Barakatullah Electro Dynamics Ltd.

Southeast Bank 1st Mutual Fund

EBL NRB Mutual Fund

10

Paid-upMarket Face Value


Capital/Fund No.of shares
Lot
( Tk.)
Size(Tk. Mn)
400 40,000,000
500
10
1000 100,000,000

Issue Price(Tk.)

Date of Listing Trade in CSE

10

16-Jan-11

17-Jan-11

500

10

10

9-Jan-11

10-Jan-11

3000

3,000,000

1000

1000

7-Feb-11

8-Feb-11

1000

10,000,000

500

10

7-Feb-11

8-Feb-11

401

40,100,000

500

10

20-Apr-11

21-Apr-11

5-May-11

8-May-11

100

10

10
60( Tk.10+
50premi)
111.60

860

86,000,000

200

60

n/a

18-May-11 19-May-11

907.13

90,713,000

500

10

10

22-May-11 23-May-11
22-May-11 23-May-11

1000 100,000,000

500

10

10

1803.2

1500 150,000,000
40,000,000

100

10

115

23-Jun-11

26-Jun-11

550

55,000,000

500

10

10

6-Jul-11

7-Jul-11

12

MJL Bangladesh Ltd.


The First Scheme of Reliance Insurance Mutual
FUND
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

20-Nov-11

28-Nov-11

14

Zahintex Industries Ltd.

450

500

10 18 ( Tk. 8 premium)
25 (Tk.15
10
premium)

24-Nov-11

28-Nov-11

11

84 ISSUE OCT-DEC, 2011

45,000,000

CSE Market Statistics-2011

PORTFOLIO
IPOs in the Market
IPO Offered with
premium(Tk.)/Discount
price

Subscription received from


Subscription Times (Against IPO)
IPO( Tk. mn)

SL

Company Name

MJL Bangladesh Ltd.

4876.80

23,684.77

2678.40

16,350.31

6.10

260.00

10,950.91

42.12

1200.00

7,552.72

6.29

4.86

M.I.Cement Factory Ltd.

Salvo Chemical Industry Ltd.

Barakatullah Electro Dynamics Ltd.

Southeast Bank 1st Mutual Fund

500.00

407.79

0.82

EBL NRB Mutual Fund

750.00

751.66

1.00

Reliance Insurance Mutual Fund

275.00

545.39

1.98

LR Global Bangladesh Mutual Fund

150.00

1,505.68

10.04

Rangpur Dairy & Food Products Ltd.

294.15

5,469.54

18.59

10

Zahintex Industries Ltd.

500.00

7,948.81

15.90

11

750.00

753.47

1.00

3137.00

3,815.53

1.22

13

AB Bank 1st Mutual Fund


Bangladesh Shipping Corporation (REPEAT PUBLIC
OFFER)
First Bangladesh Fixed Income Fund

2,500.00

2,502.80

1.00

14

NLI First MutualFund

300.00

257.60

0.86

12

Rights Shares
SL

Company Name

Sub.Open

Sub.Close

Ratio

Aims First Guranteed Mutual Fund

26-Dec-10

20-Jan-11

130%

Eastern Insurance Company Ltd.

25-Jan-11

22-Feb-11

100%

Fu-Wang Foods Ltd.

13-Feb-11

10-Mar-11

100%

United Commercial Bank Ltd.

6-Mar-11

31-Mar-11

100%

Bangladesh Welding Electrodes Ltd.

10-Mar-11

7-Apr-11

200%

Continental Insurance Ltd.

10-Mar-11

3-Apr-11

50%

Asia Insurance Ltd.

31-Mar-11

25-Apr-11

100%

Social Islami Bank Ltd.

10-Apr-11

8-May-11

100%

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.


Internationl Leasing and Financial Services
Ltd.
United Airways (BD) Ltd.

19-Jun-11

14-Jul-11

100%

6-Sep-11

2-Oct-11

100%

22-Sep-11

13-Oct-11

100%

15
16
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%

ISSUE OCT-DEC, 2011

85

PORTFOLIO

For CSE Internet Trading Services


Please Visit
www.bangladeshstockmarket.com

86 ISSUE OCT-DEC, 2011

PORTFOLIO

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88 ISSUE OCT-DEC, 2011

PORTFOLIO

ISSUE OCT-DEC, 2011

89