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   1JANATAMF    2.70 UP-DOWN
   AAMRANET    16.60 DOWN
   AAMRATECH    11.90 DOWN
   ABB1STMF    2.70 DOWN
   ABBANK    6.60 UP
   ACFL    18.00 UP
   ACI    218.60 UP
   ACIFORMULA    145.60 UP
   ACMELAB    79.80 UP
   ACMEPL    16.50 UP
   ACTIVEFINE    6.50 DOWN
   ADNTEL    63.40 DOWN
   ADVENT    14.00 UP-DOWN
   AFCAGRO    6.50 DOWN
   AFTABAUTO    30.00 DOWN
   AGNISYSL    21.20 DOWN
   AGRANINS    23.90 UP
   AIBL1STIMF    3.90 UP
   AIL    27.90 UP
   AL-HAJTEX    130.20 DOWN
   ALARABANK    15.80 DOWN
   ALIF    4.20 DOWN
   ALLTEX    14.80 UP
   AMANFEED    24.00 DOWN
   AMBEEPHA    765.70 DOWN
   AMCL(PRAN)    218.10 UP
   ANLIMAYARN    18.80 UP-DOWN
   ANWARGALV    99.50 DOWN
   AOL    15.50 UP-DOWN
   APEXFOODS    237.50 UP
   APEXFOOT    189.80 DOWN
   APEXSPINN    210.20 DOWN
   APEXTANRY    70.40 DOWN
   APOLOISPAT    2.40 UP
   ARAMIT    171.00 DOWN
   ARAMITCEM    11.60 UP
   ARGONDENIM    17.50 UP
   ASIAINS    41.70 UP
   ASIAPACINS    38.80 UP
   ASIATICLAB    57.00 DOWN
   ATLASBANG    54.30 UP
   AZIZPIPES    43.30 DOWN
   BANGAS    125.00 DOWN
   BANKASIA    20.50 DOWN
   BARKAPOWER    7.80 UP-DOWN
   BATASHOE    843.90 UP
   BATBC    273.80 DOWN
   BAYLEASING    4.80 UP
   BBS    9.90 DOWN
   BBSCABLES    15.80 DOWN
   BDAUTOCA    136.80 UP
   BDCOM    26.10 DOWN
   BDFINANCE    12.70 DOWN
   BDLAMPS    144.80 DOWN
   BDTHAI    11.40 DOWN
   BDTHAIFOOD    15.90 DOWN
   BDWELDING    19.10 DOWN
   BEACHHATCH    30.60 DOWN
   BEACONPHAR    107.70 UP
   BENGALWTL    18.10 DOWN
   BERGERPBL    1430.00 UP
   BESTHLDNG    12.90 DOWN
   BEXGSUKUK    59.00 DOWN
   BEXIMCO    110.10 UP-DOWN
   BGIC    33.80 DOWN
   BIFC    3.90 UP
   BNICL    56.00 DOWN
   BPML    28.00 DOWN
   BPPL    15.50 UP-DOWN
   BRACBANK    86.60 UP
   BSC    114.00 DOWN
   BSCPLC    144.70 DOWN
   BSRMLTD    83.10 DOWN
   BSRMSTEEL    73.80 UP
   BXPHARMA    123.70 UP-DOWN
   CAPITECGBF    6.90 DOWN
   CAPMBDBLMF    10.30 DOWN
   CAPMIBBLMF    8.20 DOWN
   CENTRALINS    42.60 DOWN
   CENTRALPHL    9.00 DOWN
   CITYBANK    29.10 UP
   CITYGENINS    85.20 UP
   CLICL    54.80 DOWN
   CNATEX    2.80 UP
   CONFIDCEM    64.40 UP-DOWN
   CONTININS    25.80 DOWN
   COPPERTECH    19.20 DOWN
   CROWNCEMNT    50.00 DOWN
   CRYSTALINS    75.10 DOWN
   CVOPRL    167.00 DOWN
   DACCADYE    18.20 UP
   DAFODILCOM    55.90 DOWN
   DBH    38.80 UP-DOWN
   DBH1STMF    4.50 UP-DOWN
   DELTALIFE    75.40 DOWN
   DELTASPINN    5.80 UP-DOWN
   DESCO    23.10 UP
   DESHBANDHU    16.20 UP-DOWN
   DGIC    21.50 DOWN
   DHAKABANK    13.80 UP
   DHAKAINS    39.60 DOWN
   DOMINAGE    34.40 DOWN
   DOREENPWR    29.00 DOWN
   DSHGARME    113.70 UP
   DSSL    8.60 DOWN
   DULAMIACOT    137.90 DOWN
   DUTCHBANGL    41.40 DOWN
   EASTERNINS    54.10 DOWN
   EASTLAND    21.40 DOWN
   EASTRNLUB    1572.50 DOWN
   EBL    26.90 UP-DOWN
   EBL1STMF    3.60 DOWN
   EBLNRBMF    2.60 UP
   ECABLES    113.50 DOWN
   EGEN    21.40 UP-DOWN
   EHL    79.20 DOWN
   EIL    29.10 DOWN
   EMERALDOIL    13.90 DOWN
   ENVOYTEX    51.30 DOWN
   EPGL    15.80 UP
   ESQUIRENIT    19.60 DOWN
   ETL    9.90 UP
   EXIM1STMF    3.00 DOWN
   FAMILYTEX    1.70 DOWN
   FARCHEM    13.80 DOWN
   FAREASTFIN    1.40 UP-DOWN
   FAREASTLIF    23.40 UP
   FASFIN    1.40 UP
   FBFIF    2.80 UP-DOWN
   FEDERALINS    20.80 DOWN
   FEKDIL    14.40 UP
   FINEFOODS    471.10 DOWN
   FIRSTFIN    4.60 UP
   FORTUNE    14.70 UP
   FUWANGCER    11.60 DOWN
   FUWANGFOOD    10.00 DOWN
   GBBPOWER    8.00 UP
   GEMINISEA    120.20 DOWN
   GENEXIL    27.10 DOWN
   GENNEXT    2.60 DOWN
   GHAIL    11.00 UP-DOWN
   GHCL    19.10 UP-DOWN
   GLDNJMF    6.10 UP-DOWN
   GLOBALINS    29.20 DOWN
   GOLDENSON    10.20 UP
   GP    264.20 DOWN
   GPHISPAT    16.80 DOWN
   GQBALLPEN    478.10 DOWN
   GRAMEENS2    12.60 UP
   GREENDELMF    3.00 DOWN
   GREENDELT    58.30 UP
   GSPFINANCE    3.90 UP
   HAKKANIPUL    74.80 UP
   HAMI    143.30 DOWN
   HEIDELBCEM    236.30 UP
   HFL    7.00 DOWN
   HRTEX    17.90 UP
   HWAWELLTEX    42.00 UP
   IBNSINA    332.20 DOWN
   IBP    14.10 UP
   ICB    39.80 UP
   ICB3RDNRB    4.50 UP-DOWN
   ICBAGRANI1    6.60 UP-DOWN
   ICBAMCL2ND    6.30 UP-DOWN
   ICBEPMF1S1    5.00 UP-DOWN
   ICBIBANK    2.60 UP
   ICBSONALI1    4.60 UP
   ICICL    22.90 DOWN
   IDLC    41.00 UP
   IFADAUTOS    21.30 DOWN
   IFIC    6.00 UP
   IFIC1STMF    2.80 UP-DOWN
   IFILISLMF1    4.00 UP
   ILFSL    1.40 UP
   INDEXAGRO    69.10 DOWN
   INTECH    29.70 DOWN
   INTRACO    19.40 UP-DOWN
   IPDC    20.10 DOWN
   ISLAMIBANK    45.40 DOWN
   ISLAMICFIN    11.90 UP
   ISLAMIINS    39.50 DOWN
   ISNLTD    73.60 DOWN
   ITC    39.30 DOWN
   JAMUNABANK    24.50 UP-DOWN
   JAMUNAOIL    175.20 DOWN
   JANATAINS    25.80 DOWN
   JHRML    45.20 DOWN
   JMISMDL    128.30 UP
   JUTESPINN    210.60 UP
   KARNAPHULI    31.20 UP
   KAY&QUE    486.30 UP
   KBPPWBIL    52.10 UP
   KDSALTD    41.80 UP
   KEYACOSMET    5.30 UP-DOWN
   KOHINOOR    517.00 DOWN
   KPCL    10.90 UP-DOWN
   KPPL    14.90 DOWN
   KTL    9.40 UP-DOWN
   LANKABAFIN    15.20 DOWN
   LEGACYFOOT    56.70 UP
   LHB    53.40 DOWN
   LIBRAINFU    660.10 DOWN
   LINDEBD    836.10 DOWN
   LOVELLO    68.30 UP
   LRBDL    9.90 UP
   LRGLOBMF1    3.10 UP
   MAGURAPLEX    90.10 DOWN
   MAKSONSPIN    5.80 UP
   MALEKSPIN    29.10 UP-DOWN
   MARICO    2780.00 UP
   MATINSPINN    48.20 UP
   MBL1STMF    4.20 UP
   MEGCONMILK    24.20 DOWN
   MEGHNACEM    34.90 DOWN
   MEGHNAINS    30.40 DOWN
   MEGHNALIFE    54.90 DOWN
   MEGHNAPET    22.80 UP
   MERCANBANK    8.70 UP-DOWN
   MERCINS    24.70 DOWN
   METROSPIN    8.50 UP
   MHSML    18.10 DOWN
   MIDASFIN    5.90 UP
   MIDLANDBNK    17.70 UP-DOWN
   MIRACLEIND    32.90 DOWN
   MIRAKHTER    29.00 DOWN
   MITHUNKNIT    16.60 UP
   MJLBD    91.70 DOWN
   MLDYEING    8.60 UP
   MONNOAGML    377.40 DOWN
   MONNOCERA    88.60 UP-DOWN
   MONNOFABR    24.40 UP
   MONOSPOOL    98.00 DOWN
   MPETROLEUM    201.70 UP
   MTB    13.50 UP-DOWN
   NAHEEACP    20.80 DOWN
   NATLIFEINS    103.90 DOWN
   NAVANACNG    20.90 UP
   NAVANAPHAR    60.10 UP
   NBL    5.00 DOWN
   NCCBANK    12.90 UP
   NCCBLMF1    4.20 UP-DOWN
   NEWLINE    4.90 UP
   NHFIL    24.70 UP-DOWN
   NITOLINS    29.50 UP
   NORTHERN    91.90 DOWN
   NORTHRNINS    30.70 DOWN
   NPOLYMER    27.80 DOWN
   NRBBANK    7.00 DOWN
   NRBCBANK    6.30 UP-DOWN
   NTC    165.00 UP
   NTLTUBES    60.40 DOWN
   NURANI    2.60 UP-DOWN
   OAL    5.90 UP-DOWN
   OIMEX    13.00 UP
   OLYMPIC    159.90 UP
   ONEBANKPLC    8.00 UP-DOWN
   ORIONINFU    361.60 DOWN
   ORIONPHARM    30.00 DOWN
   PADMALIFE    17.50 UP-DOWN
   PADMAOIL    178.80 DOWN
   PARAMOUNT    54.40 DOWN
   PDL    4.40 UP-DOWN
   PENINSULA    22.10 UP
   PEOPLESINS    40.50 UP
   PF1STMF    5.10 UP-DOWN
   PHARMAID    558.10 DOWN
   PHENIXINS    31.50 UP-DOWN
   PHOENIXFIN    4.00 UP
   PHPMF1    2.60 UP-DOWN
   PIONEERINS    52.20 DOWN
   PLFSL    1.40 UP
   POPULAR1MF    2.70 UP
   POPULARLIF    51.80 UP
   POWERGRID    30.40 DOWN
   PRAGATIINS    76.00 DOWN
   PRAGATILIF    249.80 DOWN
   PREMIERBAN    5.50 UP
   PREMIERCEM    38.90 UP
   PREMIERLEA    1.50 UP
   PRIME1ICBA    4.30 UP-DOWN
   PRIMEBANK    33.80 DOWN
   PRIMEFIN    2.90 UP
   PRIMEINSUR    33.30 UP
   PRIMELIFE    37.30 UP
   PRIMETEX    13.70 UP-DOWN
   PROGRESLIF    43.80 DOWN
   PROVATIINS    32.30 DOWN
   PTL    51.30 UP-DOWN
   PUBALIBANK    39.00 UP-DOWN
   PURABIGEN    21.80 UP-DOWN
   QUASEMIND    41.50 DOWN
   QUEENSOUTH    11.20 DOWN
   RAHIMAFOOD    141.20 DOWN
   RAHIMTEXT    222.10 DOWN
   RAKCERAMIC    24.90 UP
   RANFOUNDRY    147.20 DOWN
   RDFOOD    21.60 UP
   RECKITTBEN    3532.20 UP
   REGENTTEX    4.00 UP
   RELIANCE1    12.80 DOWN
   RELIANCINS    72.50 UP
   RENATA    457.60 DOWN
   RENWICKJA    477.00 UP
   REPUBLIC    34.30 DOWN
   RINGSHINE    3.00 UP
   ROBI    31.10 UP
   RSRMSTEEL    7.10 DOWN
   RUNNERAUTO    33.70 UP
   RUPALIBANK    19.40 UP-DOWN
   RUPALIINS    23.20 DOWN
   RUPALILIFE    88.30 DOWN
   SAFKOSPINN    14.30 UP-DOWN
   SAIFPOWER    6.10 DOWN
   SAIHAMCOT    21.20 UP
   SAIHAMTEX    22.10 DOWN
   SALAMCRST    15.20 DOWN
   SALVO    30.70 UP
   SAMATALETH    90.10 DOWN
   SAMORITA    71.70 DOWN
   SANDHANINS    21.20 UP-DOWN
   SAPORTL    46.60 UP
   SBACBANK    6.80 UP-DOWN
   SEAPEARL    32.90 DOWN
   SEMLFBSLGF    5.20 DOWN
   SEMLIBBLSF    6.20 UP
   SHAHJABANK    18.10 UP
   SHARPIND    16.80 UP
   SHASHADNIM    17.60 DOWN
   SHEPHERD    13.10 UP
   SHURWID    5.90 DOWN
   SHYAMPSUG    157.30 DOWN
   SICL    21.10 UP
   SILCOPHL    14.40 DOWN
   SILVAPHL    9.80 DOWN
   SIMTEX    23.80 UP
   SINGERBD    90.70 DOWN
   SINOBANGLA    49.10 DOWN
   SIPLC    58.50 UP
   SKTRIMS    8.00 UP-DOWN
   SONALIANSH    177.50 DOWN
   SONALILIFE    64.60 DOWN
   SONALIPAPR    257.20 UP
   SONARBAINS    29.20 UP-DOWN
   SONARGAON    37.50 UP
   SOUTHEASTB    9.60 UP
   SPCERAMICS    15.30 DOWN
   SPCL    50.80 UP
   SQUARETEXT    50.00 UP-DOWN
   SQURPHARMA    224.20 DOWN
   SSSTEEL    4.50 UP
   STANCERAM    70.80 UP
   STANDARINS    40.80 UP-DOWN
   STANDBANKL    5.70 UP
   STYLECRAFT    50.00 DOWN
   SUMITPOWER    13.30 DOWN
   SUNLIFEINS    54.50 DOWN
   TAKAFULINS    33.10 DOWN
   TALLUSPIN    7.60 UP-DOWN
   TAMIJTEX    121.10 UP
   TECHNODRUG    31.00 DOWN
   TILIL    46.10 DOWN
   TITASGAS    17.90 UP
   TOSRIFA    16.90 UP
   TRUSTB1MF    2.60 DOWN
   TRUSTBANK    18.50 UP-DOWN
   TUNGHAI    2.40 UP-DOWN
   UCB    9.90 DOWN
   UNILEVERCL    2217.00 UP
   UNIONCAP    4.50 UP
   UNIONINS    36.10 UP
   UNIQUEHRL    39.10 DOWN
   UNITEDFIN    12.50 DOWN
   UNITEDINS    43.30 DOWN
   UPGDCL    126.40 UP
   USMANIAGL    33.00 UP
   UTTARABANK    25.00 UP
   UTTARAFIN    12.60 DOWN
   VAMLRBBF    6.00 DOWN
   VFSTDL    11.90 UP-DOWN
   WALTONHIL    414.10 DOWN
   WATACHEM    135.90 UP
   WMSHIPYARD    8.00 DOWN
   YPL    16.80 UP-DOWN
   ZAHEENSPIN    5.10 UP
   ZAHINTEX    6.10 UP-DOWN
   ZEALBANGLA    138.20 UP

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).