1. Healthcare

February 1, 2015
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Dhaka Stock Exchange Performance Indices
2,500,000,000,000
Tk in BDT
2,000,000,000,000
1,500,000,000,000
1,000,000,000,000
500,000,000,000
0
Total Market
Capitalisation in BDT
Indexed Market
Capitalsation in BDT
Issued Market Capital
Indexed Issued
Market Capital
DSEX
2,255,808,105,095
770,657,085,916
388,070,525,956
191,524,431,090
DSI
2,278,543,518,009
2,178,266,915,286
396,585,343,160
377,632,682,860
DS30
1,291,852,096,537
320,640,328,866
134,391,743,002
55,339,949,000
Particulars
Total Market Capitalisation in BDT
Indexed Market Capitalsation in BDT
Issued Market Capital
Indexed Issued Market Capital
Issued No of Shares
Indexed No of Shares
National GDP (2012-2013) in BDT
Total Market Capitalisation/GDP Ratio in %
Indexed Market Capitalsation/GDP Ratio in %
Total Market Capitalisation in USD 1USD=77.81
Indexed Market Capitalsation in USD
Turnover
Turnover/Indexed Market Capitalisation in %
Net Profit After Tax2014
Net Profit After Tax2015
Market PE 2014 (Trailing)
Market PE 2015 (Forward)
1
DSEX
DSI
DS30
2,255,808,105,095
770,657,085,916
388,070,525,956
191,524,431,090
38,428,836,596
19,082,224,344
11,880,711,000,000
19.0
6.5
28,991,236,410
9,904,345,019
1,713,628,000
0.0876
2,278,543,518,009
2,178,266,915,286
396,585,343,160
377,632,682,860
39,278,846,816
37,383,580,786
11,880,711,000,000
19.2
18.3
29,283,427,811
27,994,691,110
1,846,853,000
0.0944
133,588,376,589
117,927,260,849
17.06
19.32
1,291,852,096,537
320,640,328,866
134,391,743,002
55,339,949,000
13,439,174,300
5,533,994,900
11,880,711,000,000
10.9
2.7
16,602,648,715
4,120,811,321
Source/Comments
http://www.bbs.gov.bd/WebTestApplication/userfiles/
Based on last audited accounts
Annualised where necessary
Total Market Capitalisation in BDT/Net Profit After Tax 2014
Total Market Capitalisation in BDT/Net Profit After Tax 2015
| All the information contained herein is based on published material. Empire Capital reserves the right of copyright on its
organic research and indemnifies itself from the accuracy or interpretation of the information contained in this
material. Investor discretion is advised in the interpretation of this analysis. Generally stock market prices are subject
to market risks. Any feedback, comments and/or suggestions can be sent to [email protected]
February 1, 2015
SECTOR
YDAY MARKET CAP
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MARKET CAP
% CHANGE MARKET CAP% OF TOTAL MARKET CAPYDAY TURNOVER(in mn) TURNOVER(in mn)
% CHANGE TURNOVER
Bank
404,090,284,834
399,714,028,668
-1.08%
16.23%
186.309
Cement
198,460,743,300
194,423,091,420
-2.03%
7.89%
94.414
107.571
13.94%
Ceramic
23,331,154,698
21,668,140,525
-7.13%
0.88%
102,145,087,333
98,228,022,049
-3.83%
3.99%
26.953
168
-28.33%
Engineering
37.608
235.89
Financial Institutions
Food & Allied
139,291,476,843
234,256,940,851
135,268,980,718
238,782,064,148
-2.89%
1.93%
5.49%
9.69%
134.481
91.084
93.492
79.532
-30.48%
-12.68%
Fuel and Power
Insurance
317,510,948,103
80,402,540,370
307,873,210,461
77,873,009,687
-3.04%
-3.15%
12.50%
3.16%
308.761
43.536
240.719
24.106
-22.04%
-44.63%
IT Sector
Jute
5,830,051,396
814,207,600
5,723,735,948
769,357,800
-1.82%
-5.51%
0.23%
0.03%
72.517
100.288
1.722
0.759
38.30%
-55.92%
Miscellaneous
60,392,481,337
58,764,225,395
-2.70%
2.39%
Pharma & Chemicals
323,295,493,736
318,624,566,202
-1.44%
12.94%
Service & Real Estate
Tannery
Telecommunication
20,421,202,357
23,438,959,485
464,085,883,971
19,208,975,317
23,539,744,461
455,924,010,886
-5.94%
0.43%
-1.76%
0.78%
0.96%
18.51%
76.113
163.598
64.598
75.911
194.331
70.077
7.32
114.96
5.911
72.053
8.48%
-19.25%
-37.32%
Textile
80,069,440,007
79,917,236,252
-0.19%
3.24%
317.006
254.303
-19.78%
Travel & Leisure
26,928,851,801
26,216,233,161
-2.65%
1.06%
21.094
21
-0.45%
Paper and Printing
484,500,000
456,000,000
-5.88%
0.02%
6.851
10.556
54.08%
2,505,250,248,023
2,462,974,633,099
-1.69%
100.00%
1977.862
1734.628
-12.30%
TOTAL EQUITY MARKET CAP
INDEX
DSEX
DSES
DS30
TOTAL MARKET CAPITALIZATION
2
189.066
1.48%
-28.78%
-0.27%
18.79%
YESTERDAY
TODAY
% CHANGE
4724.04933
4654.95482
-1.4626%
1115.69606
1099.45732
-1.4555%
1747.75509
1732.54522
-0.8703%
3177697.796
3140826.931
-1.16%
| All the information contained herein is based on published material. Empire Capital reserves the right of copyright on its
organic research and indemnifies itself from the accuracy or interpretation of the information contained in this
material. Investor discretion is advised in the interpretation of this analysis. Generally stock market prices are subject
to market risks. Any feedback, comments and/or suggestions can be sent to [email protected]
February 1, 2015
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Market Capitalisation Composition
Market Turnover Composition
3
| All the information contained herein is based on published material. Empire Capital reserves the right of copyright on its
organic research and indemnifies itself from the accuracy or interpretation of the information contained in this
material. Investor discretion is advised in the interpretation of this analysis. Generally stock market prices are subject
to market risks. Any feedback, comments and/or suggestions can be sent to [email protected]
February 1, 2015
[MARKET SYNOPSIS OF DSE/SUBSCRIBE TO EMPIRE CAPITAL WEBSITE FOR FREE]]
Sector
Bank
Cement
Ceramic
Engineering
Financial Institutions
Food & Allied
Fuel and Power
Insurance
IT Sector
Jute
Miscellaneous
Pharma & Chemicals
Service & Real Estate
Tannery
Telecommunication
Textile
Travel & Leisure
Paper and Printing
Total Market Cap.(DSEX)
Total Market Cap.(DSI)
Total Market Cap.(DS30)
Turnover
372,112,868,645
372,112,868,339
93,353,075,059
194,423,096,321
194,423,096,321
169,496,108,908
19,602,334,773
19,843,316,971
81,366,597,160
81,724,840,251
31,556,337,683
134,598,778,312
135,440,658,764
16,188,740,222
206,760,849,689
216,692,946,529
202,664,492,565
259,514,571,293
259,884,140,362
196,143,493,248
73,874,780,516
75,142,747,698
24,355,959,040
5,026,546,999
5,026,546,970
257,368,800
749,008,800
58,626,553,712
58,693,268,765
15,574,220,357
278,462,011,953
285,510,477,672
44,946,868,399
13,729,293,015
13,729,292,984
23,322,230,820
23,528,630,820
455,924,010,892
455,924,010,892
455,924,010,892
54,953,348,196
56,398,964,322
18,851,926,166
22,796,864,000
23,262,701,548
22,796,864,000
456,000,000
456,000,000
-
% Turnover of TMC(DSEX) % Turnover of TMC(DSI) % Turnover of TMC(DS30)
189.066
0.0508%
0.0508%
0.2025%
107.571
0.0553%
0.0553%
0.0635%
26.953
0.1375%
0.1358%
0.0000%
168
0.2065%
0.2056%
0.5324%
93.492
0.0695%
0.0690%
0.5775%
79.532
0.0385%
0.0367%
0.0392%
240.719
0.0928%
0.0926%
0.1227%
24.106
0.0326%
0.0321%
0.0990%
100.288
1.9952%
1.9952%
0.0000%
0.759
0.2949%
0.1013%
0.0000%
75.911
0.1295%
0.1293%
0.4874%
194.331
0.0698%
0.0681%
0.4324%
70.077
0.5104%
0.5104%
0.0000%
5.911
0.0253%
0.0251%
0.0000%
72.053
0.0158%
0.0158%
0.0158%
254.303
0.4628%
0.4509%
1.3489%
21
0.0921%
0.0903%
0.0921%
10.556
2.3149%
2.3149%
0.0000%
Sector
Bank
Cement
Ceramic
Engineering
Financial Institutions
Food & Allied
Fuel and Power
Insurance
IT Sector
Jute
Miscellaneous
Pharma & Chemicals
Service & Real Estate
Tannery
Telecommunication
Textile
Travel & Leisure
Paper and Printing
Indexed Market Cap.(DSEX) Indexed Market Cap.(DSI) Indexed Market Cap.(DS30) Turnover
195,678,989,525
371,971,082,378
45,437,820,674
83,163,856,981
183,151,941,321
74,487,631,895
5,193,494,744
19,843,316,971
30,621,551,032
67,702,411,339
11,274,547,221
59,374,677,511
131,386,982,687
5,172,687,949
43,606,491,808
215,948,011,225
36,155,311,172
73,402,932,758
239,699,621,187
57,644,334,109
32,879,648,124
60,844,942,280
8,448,996,838
3,696,708,372
4,559,843,365
95,226,456
749,008,800
17,482,330,985
55,845,608,164
12,303,634,055
106,409,965,614
279,387,103,045
6,009,167,626
4,991,887,786
13,729,292,984
8,739,686,507
23,528,630,820
48,065,384,017
446,901,815,459
48,065,384,017
24,913,728,401
46,304,448,100
8,767,795,070
6,873,018,240
10,484,194,248
6,873,018,240
155,906,400
456,000,000
-
% Turnover of IMC(DSEX) % Turnover of IMC(DSI) % Turnover of IMC(DS30)
189.066
0.0966%
0.0508%
0.4161%
107.571
0.1293%
0.0587%
0.1444%
26.953
0.5190%
0.1358%
0.0000%
168
0.5486%
0.2481%
1.4901%
93.492
0.1575%
0.0712%
1.8074%
79.532
0.1824%
0.0368%
0.2200%
240.719
0.3279%
0.1004%
0.4176%
24.106
0.0733%
0.0396%
0.2853%
100.288
2.7129%
2.1994%
0.0000%
0.759
0.7970%
0.1013%
0.0000%
75.911
0.4342%
0.1359%
0.6170%
194.331
0.1826%
0.0696%
3.2339%
70.077
1.4038%
0.5104%
0.0000%
5.911
0.0676%
0.0251%
0.0000%
72.053
0.1499%
0.0161%
0.1499%
254.303
1.0207%
0.5492%
2.9004%
21
0.3055%
0.2003%
0.3055%
10.556
6.7707%
2.3149%
0.0000%
4
| All the information contained herein is based on published material. Empire Capital reserves the right of copyright on its
organic research and indemnifies itself from the accuracy or interpretation of the information contained in this
material. Investor discretion is advised in the interpretation of this analysis. Generally stock market prices are subject
to market risks. Any feedback, comments and/or suggestions can be sent to [email protected]
February 1, 2015
Sector
Bank
Cement
Ceramic
Engineering
Financial Institutions
Food & Allied
Fuel and Power
General Insurance
IT Sector
Jute
Miscellaneous
Pharma & Chemicals
Service & Real Estate
Tannery
Telecommunication
Textile
Travel & Leisure
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Sectoral PE
9.99
34.54
32.21
24.91
14.55
31.22
10.72
11.11
18.70
200.20
28.97
22.11
38.38
23.57
21.11
13.05
14.59
Market Capitalisation Negative Earnings excluded
399,714,028,668 ICBIBNK
194,423,091,420
21,668,140,525 SPCERAMICS,
98,228,022,049 AZIZ PIPES, KAY&QUE,
135,268,980,718 ILFSL, MIDASFIN
238,782,064,148 CVOPRL, FINEFOODS, GEMINISEA, MEGHCONMILK, RAHIMAFOOD, ZEAL BANGLA
307,873,210,461
35,096,419,214
5,723,735,948 INTECH
769,357,800 JUTESPIN
58,764,225,395
318,624,566,202 IMAMBUTTON
19,208,975,317
23,539,744,461
455,924,010,886
79,917,236,252 DULAMIACOT, SONARGAON, MODERNDYE
26,216,233,161
TOP 10 GAINERS BASED ON YCP AND CLOSE PRICE
Instr Code
AIBL1STIMF
LIBRAINFU
NTC
2NDICB
ICB1STNRB
PHARMAID
LRGLOBMF1
ABB1STMF
IPDC
FIRSTSBANK
YCP
TOP 10 LOSERS BASED ON YCP AND CLOSE PRICE
Instr Code
MODERNDYE
SPCL
7THICB
GEMINISEA
NFML
STYLECRAFT
JUTESPINN
SHYAMPSUG
HFL
5THICB
YCP
5
High
4.7
355.3
672
257.1
19.9
256.6
4.3
6
17.5
11
Low
5.2
379
701.5
265.3
20.5
264.9
4.5
6.1
17.9
11.3
High
95
213.9
91
238
31.4
895.1
53.2
8
29.1
189.3
CLOSE
4.6
375
700
265.3
20.5
252
4.2
6
16.7
10.9
Low
90
217.9
83.5
235
31.4
835.1
53.8
7.5
28.2
178
5.1
375.5
700.7
265.3
20.5
263.4
4.4
6.1
17.7
11.1
CLOSE
86
195.2
83.5
217.2
28.6
834.9
48.2
7.4
27.1
178
86.5
195.2
83.5
218.9
29.1
835.1
49.8
7.5
27.3
178
%CHG
8.511
5.685
4.271
3.189
3.015
2.65
2.326
1.667
1.143
0.909
%CHG
-8.947
-8.742
-8.242
-8.025
-7.325
-6.703
-6.391
-6.25
-6.186
-5.969
| All the information contained herein is based on published material. Empire Capital reserves the right of copyright on its
organic research and indemnifies itself from the accuracy or interpretation of the information contained in this
material. Investor discretion is advised in the interpretation of this analysis. Generally stock market prices are subject
to market risks. Any feedback, comments and/or suggestions can be sent to [email protected]
February 1, 2015
[MARKET SYNOPSIS OF DSE/SUBSCRIBE TO EMPIRE CAPITAL WEBSITE FOR FREE]]
Lowest Forward PE Companies
Forward PE
GENNEXT( Generation Next Fashions Limited
5.31
FAMILYTEX( Familytex (BD) Limited )
5.82
SOUTHEASTB( Southeast Bank )
5.94
TRUSTBANK( Trust Bank Limited )
6.38
ABBANK( AB Bank Limited )
6.96
UNITEDAIR( United Airways (BD) Ltd.
7.01
ASIAPACINS( Asia Pacific General Insurance Co. Ltd. )
7.35
IFIC( IFIC Bank )
7.46
STANDARINS( Standard Insurance Limited )
7.62
CONTININS( Continental Insurance Ltd. )
7.63
Highest Forward PE Comapnies
ECABLES( Eastern Cables )
Forward PE
1705.95
ATLASBANG( Atlas Bangladesh )
560.94
MONNOSTAF( Monno Jute Stafflers )
254.14
BAYLEASING( Bay Leasing & Investment Limited )
239.06
BEACONPHAR( Beacon Pharmaceuticals Limited )
162.81
SONALIANSH( Sonali Aansh )
158.87
GEMINISEA( Gemini Sea Food )
157.38
BXSYNTH( Beximco Synthetics )
135.43
RENWICKJA( Renwick Jajneswar & Co (Bd) )
123.84
BDAUTOCA( BD.Autocars )
108.15
Highest Dividend Yield Companies
Dividend Yield
RSRMSTEEL( Ratanpur Steel Re-Rolling Mills Limited )
9.51%
FIRSTSBANK( First Security Islami Bank Limited )
9.01%
SIBL( Social Islami Bank Limited )
8.63%
DHAKAINS( Dhaka Insurance Limited )
8.44%
DHAKABANK
8.42%
SOUTHEASTB( Southeast Bank )
8.21%
STANDBANKL( Standard Bank Limited )
8.20%
PHOENIXFIN( Phoenix Finance and Investments Ltd. )
8.00%
HEIDELBCEM( Heidelberg Cement Bd. )
7.75%
DELTASPINN( Delta Spinners Ltd. )
7.75%
6
| All the information contained herein is based on published material. Empire Capital reserves the right of copyright on its
organic research and indemnifies itself from the accuracy or interpretation of the information contained in this
material. Investor discretion is advised in the interpretation of this analysis. Generally stock market prices are subject
to market risks. Any feedback, comments and/or suggestions can be sent to [email protected]
February 1, 2015
[MARKET SYNOPSIS OF DSE/SUBSCRIBE TO EMPIRE CAPITAL WEBSITE FOR FREE]]
TOP TEN CHEAPEST STOCK BASED ON FORWARD PE RELATIVE TO SECTORAL PE
NAME OF THE COMPANY
PADMAOIL( Padma Oil Co. )
QSMDRYCELL( Quasem Drycells )
BATBC( BATBC )
NPOLYMAR( National Polymer )
PRIMEINSUR( PRIME INSURACE )
BATASHOE( Bata Shoe )
ORIONINFU( Orion Infusion Ltd. )
GHAIL( Golden Harvest Agro Industries Ltd. )
GP( Grameenphone Ltd. )
CMCKAMAL( CMC Kamal )
Realtive to Sector PE most undervalued stocks
Column1
BANK
CEMENT
EBL( Eastern Bank )
PREMIERCEM( Premier Cement Mills Limited )
EXIMBANK( Export Import (Exim) Bank of Bangladesh )
HEIDELBCEM( Heidelberg Cement Bd. )
FIRSTSBANK( First Security Islami Bank Limited )
MEGHNACEM( Meghna Cement )
CERAMIC
ENGINEERING
RAKCERAMIC( RAK Ceramics (Bangladesh) Limited )
NPOLYMAR( National Polymer )
FUWANGCER( Fu-Wang Ceramic )
BSRMSTEEL( BSRM Steels Limited )
GOLDENSON( Golden Son Ltd. )
FINANCIAL INSTITUITION
FOOD AND ALLIED
ISLAMICFIN( Islamic Finance & Investment Ltd. )
BATBC( BATBC )
BDFINANCE( Bangladesh Finance and Investment Co.Ltd )
APEXFOODS( Apex Foods )
FASFIN( FAS Finance & Investment Limited )
RDFOOD( Rangpur Dairy & Food Products Ltd. )
FUEL AND POWER
GENERAL INSURANCE
PADMAOIL( Padma Oil Co. )
PRIMEINSUR( PRIME INSURACE )
SPPCL (Summit Purbanchol Power Company Limited )
MERCINS( Mercantile Insurance Co. Ltd. )
BEDL( Barakatullah Electro Dynamics Ltd. )
SONARBAINS( Sonar Bangla Insurance Ltd. )
IT SECTOR
MISCELLANEOUS
BDCOM( BDCOM Online Ltd. )
BERGERPBL( Berger Paints Bangladesh Ltd. )
DAFODILCOM( Daffodil Computers Ltd. )
SINOBANGLA( Sinobangla Industries )
INTECH( In Tech Online Ltd. )
ARAMIT( Aramit )
PHARMA AND CHEMICALS
SERVICE AND REAL ESTATE
MARICO( Marico Bangladesh Limited )
SAMORITA( Samorita Hospital )
ACTIVEFINE( Active Fine Chemicals Limited )
EHL( Eastern Housing )
SALVOCHEM( Salvo Chemical Industry Limited )
TANNERY
TELECOMMUNICATION
APEXADELFT( Apex Adelchi Footwear Ltd. )
GP( Grameenphone Ltd. )
BATASHOE( Bata Shoe )
TEXTILE
TRAVEL AND LEISURE
RNSPIN( R.N. Spinning Mills Limited )
BDSERVICE( Bangladesh Services Ltd. )
SAIHAMCOT( Saiham Cotton Mills Limited )
UNITEDAIR( United Airways (BD) Ltd.
PTL( Paramount Textile Limited )
7
| All the information contained herein is based on published material. Empire Capital reserves the right of copyright on its
organic research and indemnifies itself from the accuracy or interpretation of the information contained in this
material. Investor discretion is advised in the interpretation of this analysis. Generally stock market prices are subject
to market risks. Any feedback, comments and/or suggestions can be sent to [email protected]
February 1, 2015
[MARKET SYNOPSIS OF DSE/SUBSCRIBE TO EMPIRE CAPITAL WEBSITE FOR FREE]]
NOTES
DSE Indices as per „DSE Bangladesh Index Methodology‟ designed and developed by S&P Dow Jones Indices Dhaka Stock Exchange Indices
The Dhaka Stock Exchange presently computes two indices, DSE Broad Index (DSEX) and DSE 30 Index (DS30). None of the DSE Indices
include mutual funds, debentures and bonds. DSEX and DS30 Index
Introduction of DSE Indices
The Dhaka Stock Exchange Limited introduced DSE Broad Index (“DSEX”) and DSE 30 Index (“DS30”) as per „DSE Bangladesh Index
Methodology‟ designed and developed by S&P Dow Jones Indices with effect from January 28, 2013.” DSEX” is the Broad Index of the
Exchange (Benchmark Index) which reflects around 97% of the total equity market capitalization.DS30 constructed with 30 leading companies
which can be said as investable Index of the Exchange. “DS30” reflects around 51% of the total equity market capitalization. The criteria taken
into consideration in construction of these Indices are:
Market Capitalization
DS30 - Eligible stocks must have a float-adjusted market capitalization above 500 million BDT as of the rebalancing reference date.
DSEX - Eligible stocks must have a float-adjusted market capitalization above 100 million BDT. Additionally, if a current index constituent falls
below the 100 million BDT threshold, but is no less than 70 million BDT, then the stock remains in the index provided it also meets the other
inclusion criteria.
Float-Adjustment: A stock‟s weight in an index is determined by its float-adjusted market capitalization.
Liquidity
DS30- Stocks must have a minimum three-month average daily value traded (ADVT) of 5 million BDT as of the rebalancing reference date.
Liquidity criteria can be reduced to 3 million BDT in certain circumstance to ensure there are enough constituents in the ind ex. At each semiannual rebalancing, if a current index constituent falls below 5 million BDT but is no less than 3 million BDT then the stock remains in the index
provided it also meets the other eligibility criteria.
DSEX - Stocks must have a minimum six-month ADVT of 1 million BDT as of the rebalancing reference date. At each annual rebalancing, if a
current index constituent falls below 1 million BDT, but is no less than 0.7 million BDT, then the stock remains in the index provided it also
meets the other eligibility criteria. In addition, all eligible stocks for the DSE indices are required to trade at least half of normal trading days
each month for the three months prior to the rebalancing reference date.
Financial Viability
DS30 - Stocks must be profitable as measured by positive net income over the latest 12-month period, as of the rebalancing reference date. The
figure is calculated by adding the latest four quarters of net income reported for the company.
DSEX - Financial viability is not required for index membership.
Sector Classification
All listed DSE stocks are classified according to the DSE Industry Classification system. The number of constituents in Banks, Financial
Institutions, Insurance sector and Real Estate Sub-sector of Service & Real Estate sector is capped at 5 each and 10 combined for the DS30
Index.
Sector diversification rule is not applied to the DSEX.
Base Date
The base dates of the DSE 30 Index (DS30) and The DSE Broad Index (DSEX) are January 17, 2008.
Base Value
DSE 30 Index (DS30): The base value is 1000 for DS30 Index. The DSE Broad Index (DSEX): The DSE Broad index has a base value of 2951.91 on
Jan 17th 2008 which was the index value of the DSE General Index on this date. The new index is a broad market index and is d esigned to refect
the broad market performance. Starting the base value at 2951.91 the performance of the two indices has been linked and we maintain the
continuity of the performance of the benchmark. The two indices are very close in design and we can build on the history of the older index
which goes back to 2001.
“Interim IPO additions to the DSE Broad Index
8
| All the information contained herein is based on published material. Empire Capital reserves the right of copyright on its
organic research and indemnifies itself from the accuracy or interpretation of the information contained in this
material. Investor discretion is advised in the interpretation of this analysis. Generally stock market prices are subject
to market risks. Any feedback, comments and/or suggestions can be sent to [email protected]
February 1, 2015
[MARKET SYNOPSIS OF DSE/SUBSCRIBE TO EMPIRE CAPITAL WEBSITE FOR FREE]]
(DSEX) take place quarterly on the third Thursday of April, July and October. To be considered eligible for inclusion, an IPO must fall within the
top half of the ranked companies, by float-adjusted market capitalization and have at least one month of sufficient liquidity at each quarterly
observation date”. After ranking the companies in accordance with “DSE Bangladesh Index Methodology” designed &developed by S&P Dow
Jones Indices, following one (1) company was qualified for inclusion in the DSEX with effect from October 20, 2013.
1 Familytex (BD) Limited
As a result, the total numbers of constituents in DSEX stands at 207 (Two Hundred and Seven).
On January 16, 2014 new 23 companies were included to the DSEX and existing 4 companies were excluded. The new 23 companies that were
included to the DSEX are Fareast Finance, Eastern Cables, Renwick Jajneswar, National Tubes, Bengal Windsor Thermoplastics, Bangladesh
Building Systems, AMCL (Pran), Rahim Textile, Ambee Pharma, The Ibn Sina, Libra Infusions, Global Heavy Chemicals, JMI Syring es & Medical
Devices, Central Pharmaceuticals, Hakkani Pulp & Paper, Samorita Hospital, Information Services Network, Purabi General Insurance, Pragati
Insurance, Prime Insurance, Sunlife Insurance, Usmania Glass and Berger Paints. On the other hand, existing four companies th at lost their
eligibility to retain their position in the index are Kay & Que, Midas Finance, CVO Petrochemical and Rahima Food. As a result, the total
numbers of constituents in DSEX stands at 226 (Two Hundred and twenty Six).
Similarly on January 16, 2014 in the DS30, four new companies were added to the index. They are United Commercial Bank Ltd., Delta Life
Insurance Ltd, Orion Pharma Ltd and Renata Ltd.
The existing four companies that were excluded from the index are Beximco Ltd, Khulna Power Company Ltd, Square Textiles Ltd and
Southeast Bank Ltd as they failed to meet their criteria to stay in the index.
9
| All the information contained herein is based on published material. Empire Capital reserves the right of copyright on its
organic research and indemnifies itself from the accuracy or interpretation of the information contained in this
material. Investor discretion is advised in the interpretation of this analysis. Generally stock market prices are subject
to market risks. Any feedback, comments and/or suggestions can be sent to [email protected]