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   1JANATAMF    2.50 UP-DOWN
   1STPRIMFMF    19.70 UP
   AAMRANET    17.10 UP
   AAMRATECH    11.20 UP-DOWN
   ABB1STMF    2.60 UP
   ABBANK    4.40 UP
   ACFL    17.00 UP-DOWN
   ACI    197.20 DOWN
   ACIFORMULA    130.50 UP
   ACMELAB    71.70 DOWN
   ACMEPL    16.10 UP
   ACTIVEFINE    5.60 UP-DOWN
   ADNTEL    56.20 DOWN
   AFTABAUTO    32.00 DOWN
   AGNISYSL    20.40 DOWN
   AIBL1STIMF    3.30 UP-DOWN
   AIL    30.90 DOWN
   AL-HAJTEX    134.00 DOWN
   ALARABANK    14.00 UP
   ALIF    4.00 UP-DOWN
   ALLTEX    13.70 UP
   AMANFEED    22.50 DOWN
   ANWARGALV    88.30 DOWN
   AOL    14.50 UP
   APEXFOODS    238.70 UP
   APEXFOOT    170.00 DOWN
   APEXSPINN    175.30 DOWN
   APEXTANRY    56.50 DOWN
   APOLOISPAT    1.80 UP-DOWN
   ARAMIT    170.60 DOWN
   ARGONDENIM    17.60 DOWN
   ASIAINS    27.20 DOWN
   ASIATICLAB    46.00 DOWN
   AZIZPIPES    43.00 UP
   BANGAS    118.90 DOWN
   BANKASIA    18.90 DOWN
   BARKAPOWER    7.00 UP-DOWN
   BATBC    250.20 DOWN
   BAYLEASING    3.20 UP
   BBS    8.70 UP-DOWN
   BBSCABLES    14.40 DOWN
   BDAUTOCA    121.30 DOWN
   BDFINANCE    13.50 UP
   BDLAMPS    136.60 UP
   BDTHAI    10.50 DOWN
   BDTHAIFOOD    12.50 DOWN
   BDWELDING    14.30 UP
   BEACHHATCH    36.50 DOWN
   BEACONPHAR    105.00 UP
   BENGALWTL    17.20 DOWN
   BERGERPBL    1395.00 UP
   BESTHLDNG    11.10 DOWN
   BIFC    1.10 DOWN
   BNICL    48.30 UP
   BPML    23.90 DOWN
   BPPL    13.60 DOWN
   BRACBANK    66.40 DOWN
   BSC    107.00 DOWN
   BSCPLC    128.70 DOWN
   BSRMLTD    80.10 DOWN
   BSRMSTEEL    67.20 UP-DOWN
   BXPHARMA    104.50 DOWN
   CAPITECGBF    6.80 UP
   CAPMBDBLMF    9.50 UP-DOWN
   CAPMIBBLMF    7.90 DOWN
   CENTRALINS    41.00 UP
   CENTRALPHL    8.20 DOWN
   CITYBANK    24.90 DOWN
   CITYGENINS    83.30 DOWN
   CLICL    60.00 UP
   CNATEX    2.20 UP-DOWN
   CONFIDCEM    49.00 DOWN
   CONTININS    23.80 DOWN
   COPPERTECH    19.10 UP-DOWN
   CRYSTALINS    62.60 UP
   CVOPRL    152.70 DOWN
   DACCADYE    16.40 DOWN
   DBH    35.80 DOWN
   DBH1STMF    5.90 DOWN
   DELTALIFE    68.90 DOWN
   DELTASPINN    5.00 UP-DOWN
   DESHBANDHU    15.50 DOWN
   DHAKABANK    12.20 DOWN
   DHAKAINS    35.80 DOWN
   DOMINAGE    29.30 UP
   DOREENPWR    26.60 DOWN
   DSHGARME    109.40 DOWN
   DSSL    8.20 DOWN
   DUTCHBANGL    39.40 DOWN
   EASTLAND    18.40 DOWN
   EASTRNLUB    1626.00 DOWN
   EBL    24.70 DOWN
   EBL1STMF    3.00 UP-DOWN
   EBLNRBMF    2.30 UP
   ECABLES    109.00 DOWN
   EGEN    19.10 DOWN
   EHL    74.70 DOWN
   EIL    27.60 UP
   EMERALDOIL    12.50 DOWN
   ENVOYTEX    49.60 DOWN
   EPGL    15.30 UP-DOWN
   ESQUIRENIT    19.90 UP-DOWN
   ETL    9.80 UP-DOWN
   FAMILYTEX    1.10 UP-DOWN
   FARCHEM    14.00 DOWN
   FAREASTFIN    0.40 DOWN
   FAREASTLIF    19.80 UP-DOWN
   FASFIN    0.48 UP
   FBFIF    2.40 UP-DOWN
   FEDERALINS    18.80 DOWN
   FEKDIL    14.10 DOWN
   FINEFOODS    426.40 DOWN
   FIRSTFIN    2.30 UP
   FORTUNE    13.80 UP-DOWN
   FUWANGCER    11.10 UP-DOWN
   FUWANGFOOD    9.30 UP-DOWN
   GBBPOWER    5.70 DOWN
   GEMINISEA    120.00 DOWN
   GENEXIL    25.20 DOWN
   GENNEXT    2.40 UP-DOWN
   GHAIL    10.70 UP
   GHCL    19.00 UP
   GLDNJMF    5.90 DOWN
   GOLDENSON    9.30 DOWN
   GP    251.50 DOWN
   GPHISPAT    15.60 DOWN
   GQBALLPEN    524.20 DOWN
   GRAMEENS2    10.80 DOWN
   GREENDELMF    2.80 UP-DOWN
   GREENDELT    54.30 UP
   GSPFINANCE    1.10 DOWN
   HAKKANIPUL    71.40 DOWN
   HAMI    112.90 UP
   HRTEX    16.20 DOWN
   IBNSINA    320.60 UP
   IBP    11.50 UP-DOWN
   ICB    36.90 UP
   ICB3RDNRB    4.00 DOWN
   ICBAGRANI1    6.40 UP-DOWN
   ICBEPMF1S1    3.40 DOWN
   ICBSONALI1    4.30 UP
   ICICL    22.90 DOWN
   IDLC    37.90 DOWN
   IFADAUTOS    20.50 DOWN
   IFIC    4.70 UP-DOWN
   IFIC1STMF    2.40 DOWN
   IFILISLMF1    3.30 UP-DOWN
   ILFSL    0.37 DOWN
   INTECH    29.30 DOWN
   INTRACO    19.90 DOWN
   IPDC    19.00 DOWN
   ISLAMIBANK    35.30 DOWN
   ISLAMICFIN    9.40 DOWN
   ISNLTD    76.50 DOWN
   ITC    38.20 DOWN
   JAMUNABANK    22.20 DOWN
   JAMUNAOIL    169.90 DOWN
   JHRML    42.50 DOWN
   JMISMDL    119.90 UP
   JUTESPINN    201.10 DOWN
   KARNAPHULI    28.30 DOWN
   KAY&QUE    384.90 DOWN
   KBPPWBIL    44.70 DOWN
   KDSALTD    41.20 DOWN
   KEYACOSMET    4.10 DOWN
   KPCL    9.40 DOWN
   KPPL    12.60 UP
   KTL    9.10 UP-DOWN
   LANKABAFIN    12.20 DOWN
   LEGACYFOOT    55.20 UP-DOWN
   LHB    47.10 DOWN
   LIBRAINFU    641.50 DOWN
   LINDEBD    778.60 DOWN
   LOVELLO    67.90 DOWN
   LRBDL    9.40 DOWN
   LRGLOBMF1    3.00 UP
   MAGURAPLEX    82.30 UP-DOWN
   MAKSONSPIN    4.90 UP
   MALEKSPIN    29.00 UP-DOWN
   MARICO    2735.00 DOWN
   MATINSPINN    46.50 DOWN
   MBL1STMF    3.70 UP-DOWN
   MEGCONMILK    13.40 UP
   MEGHNAINS    28.00 DOWN
   MEGHNALIFE    50.90 DOWN
   MERCANBANK    7.80 DOWN
   MHSML    13.60 DOWN
   MIDLANDBNK    16.80 DOWN
   MIRACLEIND    29.50 UP
   MIRAKHTER    27.10 UP-DOWN
   MITHUNKNIT    14.00 UP-DOWN
   MJLBD    89.50 DOWN
   MLDYEING    8.10 DOWN
   MONNOAGML    343.80 DOWN
   MONNOCERA    80.70 DOWN
   MONNOFABR    20.30 DOWN
   MONOSPOOL    95.00 DOWN
   MPETROLEUM    196.30 UP
   MTB    13.20 DOWN
   NAHEEACP    17.50 DOWN
   NATLIFEINS    93.00 DOWN
   NAVANACNG    20.00 DOWN
   NAVANAPHAR    50.70 DOWN
   NBL    3.30 UP
   NCCBANK    12.40 DOWN
   NCCBLMF1    4.20 UP
   NEWLINE    3.70 UP
   NFML    12.00 DOWN
   NHFIL    23.50 DOWN
   NORTHERN    88.90 UP
   NORTHRNINS    28.00 DOWN
   NPOLYMER    26.40 DOWN
   NRBBANK    6.80 UP-DOWN
   NRBCBANK    5.40 DOWN
   NURANI    2.10 UP-DOWN
   OAL    5.60 UP
   OIMEX    13.00 DOWN
   OLYMPIC    140.30 DOWN
   ONEBANKPLC    6.90 UP-DOWN
   ORIONINFU    351.00 UP
   ORIONPHARM    27.50 DOWN
   PADMALIFE    16.20 DOWN
   PADMAOIL    168.40 DOWN
   PARAMOUNT    43.50 DOWN
   PDL    4.20 UP
   PENINSULA    19.10 DOWN
   PEOPLESINS    35.50 UP
   PHARMAID    495.00 DOWN
   PHENIXINS    26.70 DOWN
   PHOENIXFIN    2.50 UP-DOWN
   PHPMF1    2.20 DOWN
   PIONEERINS    47.80 DOWN
   PLFSL    0.36 DOWN
   POPULAR1MF    2.30 UP-DOWN
   POPULARLIF    42.80 DOWN
   POWERGRID    26.80 UP-DOWN
   PRAGATIINS    68.70 DOWN
   PRAGATILIF    155.30 DOWN
   PREMIERBAN    4.00 UP-DOWN
   PREMIERLEA    0.40 UP-DOWN
   PRIME1ICBA    4.30 UP-DOWN
   PRIMEBANK    30.60 DOWN
   PRIMEFIN    0.85 DOWN
   PRIMETEX    12.60 UP
   PROVATIINS    29.40 UP
   PTL    49.90 DOWN
   PUBALIBANK    35.40 DOWN
   PURABIGEN    19.20 UP-DOWN
   QUASEMIND    37.50 DOWN
   QUEENSOUTH    11.30 UP-DOWN
   RAHIMAFOOD    134.70 DOWN
   RAHIMTEXT    222.50 DOWN
   RAKCERAMIC    22.00 DOWN
   RANFOUNDRY    148.60 UP
   RDFOOD    20.00 UP
   RECKITTBEN    3412.10 DOWN
   REGENTTEX    3.70 UP-DOWN
   RELIANCE1    14.30 UP
   RENATA    382.00 DOWN
   REPUBLIC    28.30 UP
   RINGSHINE    2.60 DOWN
   ROBI    28.90 DOWN
   RSRMSTEEL    7.00 UP-DOWN
   RUNNERAUTO    36.40 DOWN
   RUPALIBANK    19.10 DOWN
   RUPALIINS    21.20 DOWN
   RUPALILIFE    78.60 DOWN
   SAFKOSPINN    14.00 UP
   SAIFPOWER    4.80 DOWN
   SAIHAMCOT    19.40 DOWN
   SAIHAMTEX    19.50 DOWN
   SALAMCRST    12.10 UP
   SALVO    28.60 DOWN
   SAMATALETH    87.00 DOWN
   SANDHANINS    19.40 UP-DOWN
   SAPORTL    42.60 DOWN
   SBACBANK    6.10 UP-DOWN
   SEAPEARL    32.10 DOWN
   SEMLFBSLGF    5.00 UP
   SEMLIBBLSF    5.70 UP-DOWN
   SHAHJABANK    16.70 DOWN
   SHARPIND    12.60 UP
   SHASHADNIM    15.70 DOWN
   SHEPHERD    12.60 DOWN
   SHYAMPSUG    125.70 DOWN
   SICL    19.70 UP-DOWN
   SILCOPHL    13.90 UP-DOWN
   SIMTEX    20.00 DOWN
   SINGERBD    86.00 UP
   SINOBANGLA    45.20 DOWN
   SIPLC    52.70 DOWN
   SKTRIMS    7.40 DOWN
   SONALIANSH    183.00 DOWN
   SONALILIFE    60.50 DOWN
   SONALIPAPR    222.80 DOWN
   SONARGAON    31.10 UP-DOWN
   SOUTHEASTB    9.50 UP
   SPCERAMICS    14.80 UP-DOWN
   SPCL    46.70 DOWN
   SQUARETEXT    49.00 UP-DOWN
   SQURPHARMA    202.10 DOWN
   SSSTEEL    4.00 UP
   STANCERAM    63.20 UP
   STANDARINS    39.50 UP
   STANDBANKL    4.80 UP-DOWN
   SUMITPOWER    12.20 UP-DOWN
   SUNLIFEINS    54.80 DOWN
   TAKAFULINS    31.00 UP
   TALLUSPIN    7.70 DOWN
   TAMIJTEX    119.90 DOWN
   TB10Y0434    108.06 DOWN
   TECHNODRUG    29.70 DOWN
   TILIL    44.40 DOWN
   TITASGAS    15.50 UP
   TOSRIFA    16.60 UP-DOWN
   TRUSTB1MF    2.30 UP-DOWN
   TRUSTBANK    18.00 DOWN
   TUNGHAI    1.50 UP
   UCB    10.00 UP-DOWN
   UNIONCAP    3.00 DOWN
   UNIONINS    34.90 DOWN
   UNIQUEHRL    38.70 UP
   UNITEDFIN    11.50 UP-DOWN
   UNITEDINS    42.30 UP
   UPGDCL    119.40 UP-DOWN
   UTTARABANK    23.60 DOWN
   VAMLRBBF    5.70 UP-DOWN
   VFSTDL    11.90 UP-DOWN
   WALTONHIL    375.50 UP
   WATACHEM    134.80 DOWN
   WMSHIPYARD    7.60 DOWN
   YPL    15.80 DOWN
   ZAHEENSPIN    4.20 UP-DOWN
   ZAHINTEX    6.10 UP
   ZEALBANGLA    128.00 DOWN

Research Team

Salim Afzal Shawon, CFA

Head of Research

Mr. Salim Afzal Shawon joined BRAC EPL Stock Brokerage in Jun 2021 as the Head of Research. With over a decade of extensive experience in his various roles among global and local companies, covering both public and private markets, Mr. Salim brings in a unique mix of research, transaction, and advisory capability to BESL. Prior to joining with BRAC EPL Stock Brokerage Ltd, Mr. Salim served as Independent Partner, Structured Finance at Fillip Partners, a boutique investment & legal advisory firm of Bangladesh since October 2018 to May 2021. He also worked for International Finance Corporation (World Bank) as Investment Analyst, South Asia during July 2014 to July 2018 period. Before that, he was working in the capital market with IDLC Investments Limited as Assistant Manager, Research. He started his career with Credit Rating Agency of Bangladesh (CRAB) as a Financial Analyst.

He received several global trainings from S&P, Moody’s, World Bank, Del Carnegie and many other reputed sources in a number of professional aspects, including financial modeling, accounting, credit analysis, strategy etc. Mr. Salim completed his MBA from University of Dhaka. He is also one of the few CFA charter holders in Bangladesh who completed all three levels of CFA exams at a stretch.

LinkedIn Profile


Fahim Hassan

Research Analyst

Fahim Hassan previously worked as Research Analyst at UniCap Securities Limited from December 02, 2018 till September 15, 2021. He has completed his B.B.A and M.B.A from Department of Finance, University of Dhaka in 2016 and 2018 respectively. He also passed his CFA Level 1 exam. 


Hossain Zaman Towhidi Khan

Research Analyst

Hossain Zaman Towhidi Khan joined BRAC EPL Stock Brokerage as a Senior Research Associate in August 2022 and currently working as Research Analyst. He has over three years of work experience in Egypt, covering MENA. Before joining BRAC EPL, he worked as an Equity Analyst in Prime Securities, Egypt. He completed his BBA from Atish Dipankar University of Science & Technology. He passed CFA level 1 exam and completed Financial Modeling & Valuation Analyst (FMVA®) certification from Corporate Finance Institute (CFI).


Foysal Ahmed, CFA

Research Analyst

Mr. Foysal Ahmed, CFA, joined BRAC EPL Stock Brokerage Limited in September 2023 as a Financial Analyst, Research. He is a finance professional with diversified experience across equity research, macroeconomic and industry analysis, financial modeling, supply-chain-linked corporate finance, and electrical engineering,  bringing a strong analytical and cross-functional perspective to sell-side research.

Prior to joining BRAC EPL, he accumulated over seven years of experience across electrical engineering, supply chain finance, procurement analytics, and operations within large industrial and multinational organizations. In these roles, he led working capital optimization, supplier evaluation, and CAPEX-linked financial analysis, strengthening his bottom-up, operationally informed research approach.

Mr. Foysal holds an MBA in Finance from North South University and a B.Sc. in Electrical & Electronic Engineering from East West University. He is a CFA Charterholder, having passed all three levels of the CFA Program on his first attempt.


S M Toufique Imran

Research Analyst

S M Toufique Imran joined BRAC EPL Stock Brokerage in November 2023 as a Research Associate. Prior to this role, he worked as an Equity Research Intern in the research team of BRAC EPL Stock Brokerage. In 2023, he completed his B.B.A from the School of Business & Economics at North South University, majoring in Finance & Economics. Additionally, he was recognized as one of the finalists in the CFA Research Challenge (2023).


Tasviha Taher Trishila

Research Associate

Tasviha Taher Trishila joined BRAC EPL Stock Brokerage in March 2025 as a Research Associate. Previously, she worked as  a Management Trainee at IPDC Finance Limited from July 2019 to August 2021. She completed her B.B.A from Institute of Business Administration, University of Dhaka (2019) and Master of Social Science (MSS) in Economics from East West University (2021). In addition, she has obtained a Master of Quantitative Finance from University of Maryland, USA (2022).