Portfolio October To December 2011

PORTFOLIO
ISSUE OCT-DEC, 2011
PORTFOLIO
ISSUE OCT-DEC, 2011
PORTFOLIO
FOURTH QUARTER
OCTOBER - DECEMBER 2011
CSE Registered Offce
.........................................................................................
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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
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
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
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.
(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.
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
Prime Finance & Investment Ltd.
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.
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
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
Dhaka Bank Ltd
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.
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.
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
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

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

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
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
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
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
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%
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
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
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
PORTFOLIO
Oct-Dec
2011

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
872,067,179 13,109,191,310
Oct-Dec
2011
PORTFOLIO
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
PORTFOLIO
Oct-Dec
2011

Group
Year End
Last AGM
Date
Issued Share
Issued Capital
Tk.
Mkt. Lot
Capital Change
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
100%
5%
200%
Oct-Dec
2011
PORTFOLIO

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

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
PORTFOLIO
Oct-Dec
2011

Group
Year End
Last AGM
Date
Issued Share
Issued Capital
Tk.
Mkt. Lot
Capital Change

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
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
13,680,000
136,800,000
58,465,000
584,650,000
10%
200%
Oct-Dec
2011
PORTFOLIO

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.

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
PORTFOLIO
Oct-Dec
2011

Group
Year End
Last AGM
Date
Issued Share
Issued Capital
Tk.
Mkt. Lot
Capital Change
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
500
201106
20,000,000
200,000,000
130%
50%
10%
Oct-Dec
2011
PORTFOLIO

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.

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
PORTFOLIO
Oct-Dec
2011

Group
Year End
Last AGM
Date
Issued Share
Issued Capital
Tk.
Mkt. Lot
Capital Change
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
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
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%
Oct-Dec
2011
PORTFOLIO

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
PORTFOLIO
Oct-Dec
2011

Group
Year End
Last AGM
Date
Issued Share
Issued Capital
Tk.
Mkt. Lot
Capital Change
BANKING
22025
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
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
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
PORTFOLIO

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

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
PORTFOLIO
Oct-Dec
2011

Group
Year End
Last AGM
Date
Issued Share
Issued Capital
Tk.
Mkt. Lot
Capital Change
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
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
PORTFOLIO

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
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

04/09/2015 22 Dec '11
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

02/09/2023 22 Dec '11
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
Oct-Dec
2011
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

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

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
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

Management
10/01/2021 22 Dec '11
9.27
7.7
-16.94
0.83
21033
MBL 1st Mutual Fund

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

07/07/2021
Management
Unit Fund
ISSUE OCT-DEC, 2011
45
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
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
PORTFOLIO
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
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

Suscription Open
Subscription Close
NRB
Market Lot
Category
EPS on 31.12.2010
IPO Size in Shares
IPO Size in Taka
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

Suscription Open
Subscription Close
NRB
Market Lot
Category
EPS on 31.12.2010
IPO Size in Shares
IPO Size in Taka
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

Suscription Open
Subscription Close
28th October 2011

11th December 2011
15th December 2011
Oct-Dec
2011
PORTFOLIO
IPOs in the Market Oct-Dec 2011
NLI FIRST MUTUAL FUND
NRB
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
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

Suscription Open
Subscription Close
NRB
Market Lot
Category
EPS on 30.04.2011
IPO Size in Shares
IPO Size in Taka
Website
13th December 2011

2nd February 2012
9th February 2012
18th February 2012
Tk.10
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

Suscription Open
Subscription Close
NRB
Market Lot
Category
EPS on 30.04.2011
IPO Size in Shares
IPO Size in Taka
Website
20th December 2011

4th March 2012
8th March 2012
17th March 2012
Tk. 10
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
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
201106
2,731,791,113 3,108,989,692
900,000
10005
201106
2,804,791,067 16,611,211,561
1,940,400
10006
201106
1,578,515,300 1,578,515,300
23,034,368
10007
201006
549,079,414
10008
PRAGATI LIFE INS.
201106
197,784,703
546,607,145
840,000
10009
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
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
201106
64,779,574
11,226,286
18,150,000
7,310,000
0.44
0.40
11028
201106
112,980,540
30,866,374
38,478,000
21,780,000
1.20
0.57
11029
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
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
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)
0.26
Oct-Dec
2011
PORTFOLIO
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
201112
310,036,262
262,980,670
25,000,000
41,267,045
1.65
1.65
12031
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

MITHUN KNITTING AND DYEING
LIMITED
201106
4,216,998,000
694,119,000
97,405,993
385,697,000
3.95
3.96
12035
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
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
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
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
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

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
201012
886,628,730
22,066,431
20,000,200
9,533,152
0.48
0.48
14017
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
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
PORTFOLIO
Oct-Dec
2011
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
201106
530,123,098
113,337,093
15,400,000
32,000,676
2.08
2.08
15009
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
201106
108,507,017
38,292,194
37,076,000
2,810,000
0.13
0.08
16019
201106
2,187,410,569
209,556,173
39,267,580
201,435,919
5.13
5.13
16020
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
201106
59,991,110
13,105,925
7,975,000
2,247,261
0.31
0.28
17009
201106
2,766,415,370
302,726,999
13,680,000
201,853,584
14.76
14.76

18002
EASTERN HOUSING
201101
682,231,000
181,994,000
65,159,640
50,560,000
0.82
0.78
18004
201112
108,016,000
68,817,000
8,804,400
13,297,000
17.52
1.51
18005
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

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
Oct-Dec
2011
PORTFOLIO
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
201112
28,426,586
10,000,000
27,937,731
2.79
2.79
21012
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
201112
130,038,044
100,000,000
131,421,715
1.31
1.31
21016
201112
59,273,255
137500000
48386233
0.35
0.35
21017
201106
23,235,957
20000000
15,192,895
0.76
0.76
21019
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
PORTFOLIO
Oct-Dec
2011
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
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

NATIONAL CREDIT & COMMERC
BANK LTD.
201106
4,243,047,961 2,206,472,788
200,000,000 1,130,490,000
5.65
5.65
22018
201106
411,895,953 1,488,030,127
254,349,840
303,340,680
1.19
1.19
22020
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
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
201106
3,806,112,108 2,674,173,112
452,725,767 1,120,140,000
2.47
2.47
22026
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
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
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 SERVICES NETWORK
24003
LTD
24004
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
201106
17794390
15236879
15927943
3,179,389
0.22
0.20
24006
201012
84,447,825
43,397,418
42,809,077
18,830,854
0.79
0.44
24007
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
1,252,339,162 1,694,883,495
Oct-Dec
2011
PORTFOLIO
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
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
201106
108,322,232
71,602,591
69,328,240
36,980,380
0.53
0.53
25010
201106
1,009,990,750
802,442,170
82,351,500
511,450,000
6.21
6.21
25011

UNION CAPITAL LTD
BANGLADESH FINANCE &
INVESTMENT COMPANY
INTERNATIONAL LEASING &
FINANCIAL SERVICES
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
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
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
Last AGM
Date
200906 25/11/2009
Z 2008-09
Category Year End
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
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
Oct-Dec
2011
PORTFOLIO
ISSUE OCT-DEC, 2011
57
PORTFOLIO
Oct-Dec
2011

Company Id
Company Name
LIFE INSURANCE
10001
DELTA LIFE INSURANCE
10002
NATIONAL LIFE INS.
10003
SANDHANI LIFE INS.
10004
10005
10006
10007
10008
PRAGATI LIFE INS.
10009
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
11024
SONAR BANGLA INS.
11027
11028
11029
11030
TAKAFUL ISLAMI INSURANCE
11031
STANDARD INSURANCE
11032
11033
REPUBLIC INSURANCE
11034
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
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
PORTFOLIO
Company Id
Company Name
TEXTILE
12022
SONARGAON TEXTILE
12023
DELTA SPINNERS LTD.
12024
H.R. TEXTILES
12025
ANLIMA YARN
12030
12031
12032
12033
MITHUN KNITTING AND DYEING LIMITED
12034
12035
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
13007
AMBEE PHARMA
13008
ORION INFUSION
13011
KOHINOOR CHEMICAL
13012
13013
IBN SINA PHARMA
13017
13020
BERGER PAINTS
13021
ACI FORMULATIONS
13022
MARICO BANGLADESH
13023
13024
ACTIVE FINE CHEMICALS
13025
SALVO CHEMICALS
16
14001
APEX FOOD
14005
AMCL(PRAN)
14010
NATIONAL TEA
14012
14017
14018
BANGAS LIMITED
14021
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) %
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
PORTFOLIO
Oct-Dec
2011

Company Id
Company Name
CEMENT
15001
CONFIDENCE CEMENT
15002
HEIDELBERG CEMENT BANGLADESH LTD
15003
MEGHNA CEMENT
15005
15009
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
16019
16020
16021
GOLDEN SON
16022
BSRM STEELS
16023
NAVANA CNG
17
LEATHER & FOOTWEAR
17001
APEX TANNERY
17002
APEX FOOTWEAR
17007
SAMATA LEATHER
17008
17009
5
18002
EASTERN HOUSING
18004
18005
18006
OCEAN CONTAINERS
18007
UNITED AIRWAYS
5
PAPERS & PRINTING
19006
SINOBANGLA INDUSTRIES LTD
19008
19009
HAKKANI PULP & PAPER MILLS LIMITED
3
OIL & FUEL
20002
PADMA OIL
20004
SUMMIT POWER
Directors' /
Total Outstanding
Government
Sponsors'
No. of Shares
Holding %
Holding %
Associate
Company
Other Shares
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
PORTFOLIO
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
GRAMEEN MUTUAL FUND
ICB AMCL FIRST NRB MUTUAL FUND
EBL FIRST 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
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) %
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
PORTFOLIO
Oct-Dec
2011

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.
PRIME BANK LIMITED
DHAKA BANK LIMITED
NATIONAL CREDIT & COMMERC BANK
LTD.
ONE BANK LIMITED
BANK ASIA LIMITED
UTTARA BANK LIMITED
SOCIAL ISLAMI BANK
JAMUNA BANK
BRAC 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
23005
SHINEPUKUR CERAMICS
23006
RAK CERAMICS
5
24003
INFORMATION SERVICES NETWORK LTD
24004
24005
24006
24007
5
Directors' /
Total Outstanding
Government
Sponsors'
No. of Shares
Holding %
Holding %
Associate
Company
Other Shares
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
PORTFOLIO
Company Id
Company Name
LEASING & FINANCE

25001
I.C.B.
25002
IDLC FINANCE LTD.
25003
UTTARA FINANCE
25004
FIRST LEASE INTERNATIONAL LIMITED
25005
25006
PEOPLES LEASING
25007
PRIME FINANCE
25008
PREMIER LEASING
25009
25010
25011
25012
25013
UNION CAPITAL LTD
BANGLADESH FINANCE & INVESTMENT
25014
COMPANY
INTERNATIONAL LEASING & FINANCIAL
25015
SERVICES
25016
25017
FIDELITY ASSETS
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) %
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

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
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
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.
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
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.
PORTFOLIO
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
ISSUE OCT-DEC, 2011
69
PORTFOLIO
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.
PORTFOLIO
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.
ISSUE OCT-DEC, 2011
71
PORTFOLIO
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.
PORTFOLIO
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.
ISSUE OCT-DEC, 2011
73
PORTFOLIO
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.
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
Non-marginable securities.
Netting or adjustment facilities had been opened for all non-marginable
securities.
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.
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
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)
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
PORTFOLIO
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
ISSUE OCT-DEC, 2011
75
PORTFOLIO
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.
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

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

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
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

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
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
PORTFOLIO
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.
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
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
210,000
410,000
610,000
810,000
1,010,000
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
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
45,000,000
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
PORTFOLIO
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PORTFOLIO
PORTFOLIO
ISSUE OCT-DEC, 2011
89

Portfolio October To December 2011

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Portfolio October To December 2011

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PORTFOLIO

ISSUE OCT-DEC, 2011

ISSUE OCT-DEC, 2011

CSE Registered Offce

The quarterly publication PORTFOLIO is

Dhaka Regional Office

Eunoos Trade Center Ltd. (Level-15)

Sylhet Regional Office

ISSUE OCT-DEC, 2011

Al-Maruf Khan, FCA

Mirza Salman Ispahani

C.M. Shafi Sami

Salim Uddin, FCA, FCMA

Parveen Mahmud, FCA

Abu Sayed Md. Shahidullah

Architect Taslim Uddin Chowdhury

ASM Nayeem, FCCA, FCA

Dr. Yussuf Abdullah Harun, FCA

Dr. Zaidi Sattar

Fakhor Uddin Ali Ahmed

Mr. Syed Sajid Husain

CEO & Ex-Officio Director

Mohammed Mohiuddin, FCMA

Shahjada Mahmud Chaudhuri

Amir Khosru Mahmud Chowdhury

Mirza Salman Ispahani

Nasiruddin Ahmed Chowdhury

Fakhor Uddin Ali Ahmed

ISSUE OCT-DEC, 2011

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

1. Dr. Zaidi Sattar

CSE Market Statistics :October-December 2011 :

Major CSE Events-2011

Contracts & Turnover Volume

ISSUE OCT-DEC, 2011

Towards Stable and Sustainable Capital Market

ISSUE OCT-DEC, 2011

acute liquidity crisis also affected our capital market. As against

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

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

14th Dec, 2005

Organises Capital Market Fair- First of its kind in the

CSE became a member of OIC Member States Stock

28 Nov, 2010 CSE signed a contract with Millennium IT Software Ltd.

Execution of trade of Short Sell under the Regulations

11 Sep, 2011 Signing of agreement for launching electronic fund transfer

497.26 (jul to feb)

1st January 1996 Became corresponding member of World

28 Nov, 2010 CSE signed a contract with Millennium IT Software Ltd.

11 Sep, 2011 Signing of agreement for launching electronic fund transfer