[MARKET SYNOPSIS OF DHAKA STOCK EXCHANGE]]
January 11, 2015
Dhaka Stock Exchange Performance Indices
3,000,000,000,000
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
2,390,345,401,253
815,835,779,656
388,070,525,956
191,524,431,090
DSI
2,414,044,372,198
2,302,472,889,091
396,585,343,160
377,632,682,860
DS30
1,372,685,979,291
341,113,627,432
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=77.72
Indexed Market Capitalsation in USD
Turnover
Turnover/Indexed Market Capitalisation in %
Net Profit After Tax2013
Net Profit After Tax2014
Market PE 2013 (Trailing)
Market PE 2014 (Forward)
1
DSEX
DSI
DS30
2,390,345,401,253
815,835,779,656
388,070,525,956
191,524,431,090
38,428,836,596
19,082,224,344
11,880,711,000,000
20.1
6.9
30,755,859,512
10,497,115,024
2,977,826,000
0.1522
2,414,044,372,198
2,302,472,889,091
396,585,343,160
377,632,682,860
39,278,846,816
37,383,580,786
11,880,711,000,000
20.3
19.4
31,060,787,084
29,625,230,174
3,084,447,000
0.1576
133,588,376,589
117,927,260,849
18.07
20.47
1,372,685,979,291
341,113,627,432
134,391,743,002
55,339,949,000
13,439,174,300
5,533,994,900
11,880,711,000,000
11.6
2.9
17,661,940,032
4,389,007,044
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 2013
Total Market Capitalisation in BDT/Net Profit After Tax 2014
| 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]
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 EQUITY MARKET CAP
January 11, 2015
[MARKET SYNOPSIS OF DHAKA STOCK EXCHANGE]]
YDAY MARKET CAP
% CHANGE MARKET CAP% OF TOTAL MARKET CAPYDAY TURNOVER(in mn) TURNOVER(in mn)
MARKET CAP
407,160,932,531
215,212,647,312
24,721,958,617
112,156,112,486
144,459,620,462
226,620,075,824
336,283,872,217
85,576,771,932
6,025,473,121
831,178,500
64,299,392,490
331,642,701,747
23,909,135,418
23,200,251,816
510,384,573,632
82,749,366,059
28,996,161,161
552,900,000
2,624,783,125,326
INDEX
DSEX
DSES
DS30
TOTAL MARKET CAPITALIZATION
2
408,872,155,952
205,666,263,964
24,100,095,270
109,364,270,270
144,621,998,917
228,397,673,603
336,570,311,116
85,273,500,584
6,256,862,180
842,138,200
64,165,056,950
330,727,089,493
23,458,253,777
23,016,051,828
506,753,754,983
87,093,353,813
29,132,923,481
558,600,000
2,614,870,354,381
0.42%
-4.44%
-2.52%
-2.49%
0.11%
0.78%
0.09%
-0.35%
3.84%
1.32%
-0.21%
-0.28%
-1.89%
-0.79%
-0.71%
5.25%
0.47%
1.03%
-0.38%
15.64%
7.87%
0.92%
4.18%
5.53%
8.73%
12.87%
3.26%
0.24%
0.03%
2.45%
12.65%
0.90%
0.88%
19.38%
3.33%
1.11%
0.02%
100.00%
222.55
161.136
28.317
324.825
355.154
127.806
339.03
55.217
152.455
3.172
75.931
227.354
92.246
8.451
64.861
419.664
47.094
8.072
2713.335
198.456
131.257
69.781
347.607
284.147
173.932
342.454
48.473
192.835
3.026
94.462
305.361
155.545
8.987
82.139
524.077
45.573
15.287
3023.399
% CHANGE TURNOVER
-10.83%
-18.54%
146.43%
7.01%
-19.99%
36.09%
1.01%
-12.21%
26.49%
-4.60%
24.41%
34.31%
68.62%
6.34%
26.64%
24.88%
-3.23%
89.38%
11.43%
YESTERDAY
TODAY
% CHANGE
4968.7103
4943.99046
-0.4975%
1181.71163
1173.46861
-0.6975%
1854.14184
1835.23782
-1.0196%
3310818.084
3295267.936
-0.47%
| 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]
January 11, 2015
[MARKET SYNOPSIS OF DHAKA STOCK EXCHANGE]]
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]
January 11, 2015
[MARKET SYNOPSIS OF DHAKA STOCK EXCHANGE]]
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
380,692,461,345
380,692,461,035
95,417,351,883
205,666,268,964
205,666,268,964
177,604,422,100
21,786,730,349
22,061,953,987
90,615,497,083
90,982,691,951
36,067,969,763
142,705,557,661
143,667,706,762
18,257,080,496
194,633,463,691
204,764,920,831
190,356,393,604
282,519,663,727
282,911,398,983
211,930,702,816
80,848,205,804
82,244,169,672
26,479,784,953
5,481,542,343
5,481,542,312
308,083,200
820,973,200
63,564,938,065
63,633,185,186
18,919,019,360
289,273,780,986
296,601,712,847
46,198,775,577
17,350,002,853
17,350,002,812
22,770,909,360
23,003,109,360
506,753,754,989
506,753,754,989
506,753,754,989
59,594,269,635
61,162,410,559
19,479,052,552
25,221,671,200
25,687,508,748
25,221,671,200
558,600,000
558,600,000
-
% Turnover of TMC(DSEX) % Turnover of TMC(DSI) % Turnover of TMC(DS30)
198.456
0.0521%
0.0521%
0.2080%
131.257
0.0638%
0.0638%
0.0739%
69.781
0.3203%
0.3163%
0.0000%
347.607
0.3836%
0.3821%
0.9638%
284.147
0.1991%
0.1978%
1.5564%
173.932
0.0894%
0.0849%
0.0914%
342.454
0.1212%
0.1210%
0.1616%
48.473
0.0600%
0.0589%
0.1831%
192.835
3.5179%
3.5179%
0.0000%
3.026
0.9822%
0.3686%
0.0000%
94.462
0.1486%
0.1484%
0.4993%
305.361
0.1056%
0.1030%
0.6610%
155.545
0.8965%
0.8965%
0.0000%
8.987
0.0395%
0.0391%
0.0000%
82.139
0.0162%
0.0162%
0.0162%
524.077
0.8794%
0.8569%
2.6905%
45.573
0.1807%
0.1774%
0.1807%
15.287
2.7367%
2.7367%
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
200,023,031,705
380,545,565,670
46,843,157,669
87,245,059,865
192,851,543,964
77,538,163,593
5,803,169,343
22,061,953,987
34,393,338,977
76,242,318,227
12,801,737,585
59,374,677,511
139,114,156,899
5,833,571,913
42,637,816,602
203,920,061,291
34,703,841,363
79,461,883,585
259,752,402,521
62,427,490,080
35,567,767,911
65,997,965,513
9,630,319,131
4,060,447,425
4,993,453,366
113,990,784
820,973,200
20,485,197,389
60,627,018,535
14,946,025,261
111,740,202,862
290,025,642,771
6,213,446,971
6,267,586,155
17,350,002,812
8,766,760,975
23,003,109,360
53,460,179,747
496,593,940,346
53,460,179,747
27,085,084,478
50,058,677,847
9,090,437,326
7,625,256,792
11,568,479,457
7,625,256,792
190,985,340
558,600,000
-
% Turnover of IMC(DSEX) % Turnover of IMC(DSI) % Turnover of IMC(DS30)
198.456
0.0992%
0.0522%
0.4237%
131.257
0.1504%
0.0681%
0.1693%
69.781
1.2025%
0.3163%
0.0000%
347.607
1.0107%
0.4559%
2.7153%
284.147
0.4786%
0.2043%
4.8709%
173.932
0.4079%
0.0853%
0.5012%
342.454
0.4310%
0.1318%
0.5486%
48.473
0.1363%
0.0734%
0.5033%
192.835
4.7491%
3.8618%
0.0000%
3.026
2.6546%
0.3686%
0.0000%
94.462
0.4611%
0.1558%
0.6320%
305.361
0.2733%
0.1053%
4.9145%
155.545
2.4817%
0.8965%
0.0000%
8.987
0.1025%
0.0391%
0.0000%
82.139
0.1536%
0.0165%
0.1536%
524.077
1.9349%
1.0469%
5.7651%
45.573
0.5977%
0.3939%
0.5977%
15.287
8.0043%
2.7367%
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]
January 11, 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
Sectoral PE
10.22
36.54
35.82
27.45
15.53
29.12
11.67
12.30
20.41
220.04
31.64
22.95
48.12
23.05
23.47
14.09
16.12
[MARKET SYNOPSIS OF DHAKA STOCK EXCHANGE]]
Market Capitalisation Negative Earnings excluded
408,872,155,952 ICBIBNK
205,666,263,964
24,100,095,270 SPCERAMICS,
109,364,270,270 AZIZ PIPES, KAY&QUE,
144,621,998,917 ILFSL, MIDASFIN
228,397,673,603 CVOPRL, FINEFOODS, GEMINISEA, MEGHCONMILK, RAHIMAFOOD, ZEAL BANGLA
336,570,311,116
38,844,679,250
6,256,862,180 INTECH
842,138,200 JUTESPIN
64,165,056,950
330,727,089,493 IMAMBUTTON
23,458,253,777
23,016,051,828
506,753,754,983
87,093,353,813 DULAMIACOT, SONARGAON, MODERNDYE
29,132,923,481
TOP 10 GAINERS BASED ON YCP AND CLOSE PRICE
Instr Code
ALLTEX
DACCADYE
MHSML
SAIHAMCOT
FUWANGCER
EMERALDOIL
MIRACLEIND
NORTHERN
PRIMETEX
ANLIMAYARN
YCP
TOP 10 LOSERS BASED ON YCP AND CLOSE PRICE
Instr Code
SONARGAON
AL-HAJTEX
MEGHNAPET
STANCERAM
GSPFINANCE
LAFSURCEML
TALLUSPIN
BDTHAI
BSRMSTEEL
BDFINANCE
YCP
5
High
32.2
16.3
29.1
18.5
15.3
39.5
15.8
232.6
17.8
22
Low
35.4
17.9
32
20.3
16.7
43
17.1
252.9
18.9
23.4
High
11.3
113.2
6
44.5
33.9
133.3
15.3
46.7
91.3
16
CLOSE
32
16.5
28.8
18.4
15.5
39.5
15.6
230
17.7
22.3
Low
11
114.9
5.8
43.5
33.8
133.7
15.4
46.9
91.2
16.2
35.4
17.9
31.9
20.2
16.6
42.6
17
249
18.8
23.2
CLOSE
10.3
106.8
5.6
41.7
32.5
128.3
14.8
45
88
15.3
10.5
107.5
5.7
42.6
32.7
128.6
14.8
45.2
88.4
15.5
%CHG
9.938
9.816
9.622
9.189
8.497
7.848
7.595
7.051
5.618
5.455
%CHG
-7.08
-5.035
-5
-4.27
-3.54
-3.526
-3.268
-3.212
-3.176
-3.125
| 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]
January 11, 2015
[MARKET SYNOPSIS OF DHAKA STOCK EXCHANGE]]
Lowest Forward PE Companies
Forward PE
GENNEXT( Generation Next Fashions Limited
6.05
SOUTHEASTB( Southeast Bank )
6.06
TRUSTBANK( Trust Bank Limited )
6.65
FAMILYTEX( Familytex (BD) Limited )
6.77
ABBANK( AB Bank Limited )
7.57
IFIC( IFIC Bank )
7.61
UCBL( United Commercial Bank Ltd. )
7.78
UNITEDAIR( United Airways (BD) Ltd.
7.80
MERCANBANK( Mercantile Bank Ltd. )
7.99
BRACBANK
8.02
Highest Forward PE Comapnies
ECABLES( Eastern Cables )
Forward PE
1949.19
ATLASBANG( Atlas Bangladesh )
601.04
BAYLEASING( Bay Leasing & Investment Limited )
270.88
MONNOSTAF( Monno Jute Stafflers )
246.77
SONALIANSH( Sonali Aansh )
190.17
BEACONPHAR( Beacon Pharmaceuticals Limited )
177.14
BXSYNTH( Beximco Synthetics )
160.91
GEMINISEA( Gemini Sea Food )
158.53
RENWICKJA( Renwick Jajneswar & Co (Bd) )
127.62
PREMIERLEA( Premier Leasing & Finance Limited )
122.35
Highest Dividend Yield Companies
Dividend Yield
FIRSTSBANK( First Security Islami Bank Limited )
8.70%
SIBL( Social Islami Bank Limited )
8.51%
RSRMSTEEL( Ratanpur Steel Re-Rolling Mills Limited )
8.33%
SOUTHEASTB( Southeast Bank )
8.04%
DHAKABANK
7.91%
STANDBANKL( Standard Bank Limited )
7.75%
HEIDELBCEM( Heidelberg Cement Bd. )
7.60%
DHAKAINS( Dhaka Insurance Limited )
7.58%
PHOENIXFIN( Phoenix Finance and Investments Ltd. )
7.25%
EBL( Eastern Bank )
7.25%
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]
January 11, 2015
[MARKET SYNOPSIS OF DHAKA STOCK EXCHANGE]]
TOP TEN CHEAPEST STOCK BASED ON FORWARD PE RELATIVE TO SECTORAL PE
NAME OF THE COMPANY
PTL( Paramount Textile Limited )
GP( Grameenphone Ltd. )
BATBC( BATBC )
SPPCL (Summit Purbanchol Power Company Limited )
ISLAMICFIN( Islamic Finance & Investment Ltd. )
METROSPIN( Metro Spinning
EBL( Eastern Bank )
EXIMBANK( Export Import (Exim) Bank of Bangladesh )
FASFIN( FAS Finance & Investment Limited )
RAKCERAMIC( RAK Ceramics (Bangladesh) Limited )
Realtive to Sector PE most undervalued stocks
Column1
BANK
CEMENT
SIBL( Social Islami Bank Limited )
PREMIERCEM( Premier Cement Mills Limited )
EBL( Eastern Bank )
HEIDELBCEM( Heidelberg Cement Bd. )
EXIMBANK( Export Import (Exim) Bank of Bangladesh )
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
FASFIN( FAS Finance & Investment Limited )
BATBC( BATBC )
ISLAMICFIN( Islamic Finance & Investment Ltd. )
RDFOOD( Rangpur Dairy & Food Products Ltd. )
BDFINANCE( Bangladesh Finance and Investment Co.Ltd )
BEACHHATCH( Beach Hatchery Ltd. )
FUEL AND POWER
GENERAL INSURANCE
SPPCL (Summit Purbanchol Power Company Limited )
MERCINS( Mercantile Insurance Co. Ltd. )
BEDL( Barakatullah Electro Dynamics Ltd. )
DHAKAINS( Dhaka Insurance Limited )
KPCL( Khulna Power Company Limited )
NITOLINS( Nitol Insurance Co. 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
ACTIVEFINE( Active Fine Chemicals Limited )
SAMORITA( Samorita Hospital )
MARICO( Marico Bangladesh 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
DACCADYE( The Dacca Dyeing & Manufacturing Co.Ltd. )
BDSERVICE( Bangladesh Services Ltd. )
PTL( Paramount Textile Limited )
UNITEDAIR( United Airways (BD) Ltd.
METROSPIN( Metro Spinning
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]
January 11, 2015
[MARKET SYNOPSIS OF DHAKA STOCK EXCHANGE]]
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 Indi ces
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 index. 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 o f 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 designed 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]
January 11, 2015
[MARKET SYNOPSIS OF DHAKA STOCK EXCHANGE]]
(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]

Actualities of Hungarian pharmaceutical financing market

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