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   1JANATAMF    3.70 DOWN
   1STPRIMFMF    35.10 DOWN
   AAMRANET    19.00 UP
   AAMRATECH    16.50 UP-DOWN
   ABB1STMF    3.80 UP-DOWN
   ABBANK    4.40 UP-DOWN
   ACFL    21.30 DOWN
   ACI    183.90 DOWN
   ACIFORMULA    153.00 UP
   ACMELAB    78.00 DOWN
   ACMEPL    25.20 DOWN
   ACTIVEFINE    5.60 UP-DOWN
   ADNTEL    57.70 DOWN
   ADVENT    13.90 UP
   AFCAGRO    6.10 UP
   AFTABAUTO    27.00 DOWN
   AGNISYSL    28.40 UP
   AGRANINS    29.50 UP
   AIBL1STIMF    6.30 DOWN
   AIBLPBOND    4200.00 UP
   AIL    31.40 DOWN
   AL-HAJTEX    75.60 DOWN
   ALARABANK    15.40 DOWN
   ALIF    5.20 UP-DOWN
   ALLTEX    23.00 DOWN
   AMANFEED    30.50 DOWN
   AMBEEPHA    757.00 UP
   ANLIMAYARN    25.70 UP
   ANWARGALV    118.90 DOWN
   AOL    16.80 UP
   APEXFOODS    261.00 DOWN
   APEXFOOT    204.30 DOWN
   APEXSPINN    369.00 UP
   APEXTANRY    93.00 DOWN
   APOLOISPAT    2.80 UP-DOWN
   ARAMIT    174.00 UP
   ARAMITCEM    11.30 UP
   ARGONDENIM    21.00 DOWN
   ASIAINS    42.30 UP
   ASIAPACINS    48.30 UP
   ASIATICLAB    106.90 DOWN
   ATLASBANG    79.70 UP
   AZIZPIPES    78.00 DOWN
   BANGAS    116.10 DOWN
   BANKASIA    16.50 UP-DOWN
   BARKAPOWER    9.90 UP
   BATASHOE    887.00 DOWN
   BATBC    224.80 DOWN
   BAYLEASING    4.40 UP
   BBS    11.60 DOWN
   BBSCABLES    16.80 DOWN
   BDAUTOCA    180.60 DOWN
   BDCOM    28.40 DOWN
   BDFINANCE    11.40 DOWN
   BDLAMPS    223.90 UP
   BDTHAI    14.80 UP-DOWN
   BDTHAIFOOD    18.80 DOWN
   BDWELDING    11.70 DOWN
   BEACHHATCH    27.20 DOWN
   BEACONPHAR    101.20 DOWN
   BENGALWTL    21.60 DOWN
   BERGERPBL    1458.60 UP
   BESTHLDNG    14.80 DOWN
   BEXGSUKUK    69.50 DOWN
   BEXIMCO    20.80 DOWN
   BGIC    42.40 UP
   BIFC    3.40 DOWN
   BNICL    167.10 DOWN
   BPML    27.10 DOWN
   BPPL    18.80 UP-DOWN
   BRACBANK    64.40 UP-DOWN
   BSC    110.00 UP
   BSCPLC    147.00 DOWN
   BSRMLTD    95.60 DOWN
   BSRMSTEEL    84.80 DOWN
   BXPHARMA    147.30 UP
   CAPITECGBF    9.20 DOWN
   CAPMIBBLMF    16.30 UP
   CENTRALINS    44.30 UP
   CENTRALPHL    9.20 UP-DOWN
   CITYBANK    29.60 UP-DOWN
   CITYGENINS    131.80 UP
   CLICL    44.30 UP
   CNATEX    3.10 UP-DOWN
   CONFIDCEM    59.50 UP
   CONTININS    33.70 UP
   COPPERTECH    22.10 UP
   CROWNCEMNT    59.90 DOWN
   CRYSTALINS    75.00 UP
   CVOPRL    161.60 DOWN
   DACCADYE    14.90 DOWN
   DAFODILCOM    161.80 UP
   DBH    39.90 UP-DOWN
   DBH1STMF    5.90 DOWN
   DELTALIFE    71.60 UP
   DELTASPINN    7.10 UP-DOWN
   DESCO    22.60 UP-DOWN
   DESHBANDHU    16.80 DOWN
   DGIC    38.90 DOWN
   DHAKABANK    11.30 DOWN
   DHAKAINS    46.40 UP
   DOMINAGE    62.70 DOWN
   DOREENPWR    30.80 UP
   DSHGARME    150.00 DOWN
   DSSL    10.90 DOWN
   DULAMIACOT    207.50 UP
   DUTCHBANGL    45.50 UP-DOWN
   EASTERNINS    63.70 UP
   EASTLAND    28.00 UP
   EASTRNLUB    1960.80 DOWN
   EBL    22.80 DOWN
   EBL1STMF    4.70 DOWN
   EBLNRBMF    3.70 UP-DOWN
   ECABLES    119.00 DOWN
   EGEN    22.60 DOWN
   EHL    83.20 UP
   EIL    31.80 UP
   EMERALDOIL    28.00 DOWN
   ENVOYTEX    70.00 DOWN
   EPGL    16.80 UP
   ESQUIRENIT    23.20 UP
   ETL    14.60 UP-DOWN
   EXIM1STMF    6.70 DOWN
   FAMILYTEX    2.30 UP-DOWN
   FARCHEM    15.70 DOWN
   FAREASTLIF    17.50 DOWN
   FBFIF    3.50 DOWN
   FEDERALINS    28.00 UP
   FEKDIL    22.00 DOWN
   FINEFOODS    455.80 DOWN
   FIRSTFIN    4.40 UP
   FORTUNE    15.40 DOWN
   FUWANGCER    12.80 UP
   FUWANGFOOD    9.60 UP-DOWN
   GBBPOWER    13.00 DOWN
   GEMINISEA    108.50 DOWN
   GENEXIL    34.70 UP-DOWN
   GENNEXT    2.90 UP
   GHAIL    12.70 UP
   GHCL    20.00 DOWN
   GLDNJMF    9.40 DOWN
   GLOBALINS    45.80 UP
   GOLDENSON    12.10 UP-DOWN
   GP    242.60 UP
   GPHISPAT    16.00 DOWN
   GQBALLPEN    597.50 DOWN
   GRAMEENS2    12.60 DOWN
   GREENDELMF    5.20 DOWN
   GREENDELT    65.60 UP
   GSPFINANCE    3.50 DOWN
   HAKKANIPUL    68.10 DOWN
   HAMI    144.80 UP
   HEIDELBCEM    208.40 UP
   HFL    12.00 UP-DOWN
   HRTEX    16.60 DOWN
   HWAWELLTEX    45.50 DOWN
   IBBLPBOND    626.00 UP
   IBNSINA    318.80 UP
   IBP    14.80 DOWN
   ICB    39.60 UP
   ICB3RDNRB    6.70 DOWN
   ICBAGRANI1    8.70 DOWN
   ICBAMCL2ND    10.20 DOWN
   ICBEPMF1S1    6.70 DOWN
   ICBIBANK    2.50 UP-DOWN
   ICBSONALI1    7.90 DOWN
   ICICL    38.80 UP
   IDLC    43.00 DOWN
   IFADAUTOS    22.60 DOWN
   IFIC    4.80 UP-DOWN
   IFIC1STMF    4.10 DOWN
   IFILISLMF1    6.30 DOWN
   INDEXAGRO    72.00 DOWN
   INTECH    24.30 UP
   INTRACO    21.00 DOWN
   IPDC    35.20 UP
   ISLAMIBANK    26.90 UP
   ISLAMICFIN    10.70 UP-DOWN
   ISLAMIINS    66.20 UP
   ISNLTD    53.70 UP
   ITC    44.50 DOWN
   JAMUNABANK    23.00 UP-DOWN
   JAMUNAOIL    179.30 UP
   JANATAINS    32.90 UP
   JHRML    43.00 UP-DOWN
   JMISMDL    128.90 DOWN
   JUTESPINN    206.00 UP
   KARNAPHULI    55.00 UP-DOWN
   KAY&QUE    412.40 UP
   KBPPWBIL    37.90 UP-DOWN
   KDSALTD    44.70 DOWN
   KEYACOSMET    5.30 UP-DOWN
   KOHINOOR    520.20 DOWN
   KPCL    10.50 UP-DOWN
   KPPL    14.50 UP
   KTL    12.50 DOWN
   LANKABAFIN    14.50 UP-DOWN
   LEGACYFOOT    67.80 DOWN
   LHB    52.00 UP-DOWN
   LIBRAINFU    572.00 UP
   LINDEBD    672.00 UP
   LOVELLO    52.00 UP
   LRBDL    13.20 UP
   LRGLOBMF1    4.80 UP-DOWN
   MAGURAPLEX    83.20 DOWN
   MAKSONSPIN    5.80 UP-DOWN
   MALEKSPIN    48.40 DOWN
   MARICO    2664.00 UP
   MATINSPINN    64.90 DOWN
   MBL1STMF    10.70 UP
   MEGCONMILK    30.70 DOWN
   MEGHNACEM    28.90 UP
   MEGHNAINS    36.00 UP
   MEGHNALIFE    51.00 DOWN
   MEGHNAPET    77.00 UP
   MERCANBANK    6.30 UP-DOWN
   MERCINS    53.90 UP
   METROSPIN    9.90 UP
   MHSML    19.70 DOWN
   MIDASFIN    4.60 UP
   MIDLANDBNK    16.70 DOWN
   MIRACLEIND    26.60 DOWN
   MIRAKHTER    34.60 DOWN
   MITHUNKNIT    13.70 UP
   MJLBD    90.20 UP-DOWN
   MLDYEING    11.20 DOWN
   MONNOAGML    307.90 UP
   MONNOCERA    83.30 DOWN
   MONNOFABR    19.60 UP
   MONOSPOOL    107.30 DOWN
   MPETROLEUM    205.40 UP
   MTB    13.50 UP-DOWN
   NAHEEACP    33.40 UP
   NATLIFEINS    93.50 UP
   NAVANACNG    19.70 DOWN
   NAVANAPHAR    62.80 UP-DOWN
   NBL    3.40 UP
   NCCBANK    14.20 DOWN
   NCCBLMF1    7.00 UP-DOWN
   NEWLINE    5.40 UP
   NFML    15.40 DOWN
   NHFIL    26.50 UP-DOWN
   NITOLINS    57.40 DOWN
   NORTHERN    99.00 UP
   NORTHRNINS    37.10 UP
   NPOLYMER    31.80 UP
   NRBBANK    6.60 UP-DOWN
   NRBCBANK    9.20 UP
   NTC    156.00 UP
   NTLTUBES    60.60 DOWN
   NURANI    2.90 DOWN
   OAL    6.10 UP
   OIMEX    14.10 UP-DOWN
   OLYMPIC    142.80 UP
   ONEBANKPLC    7.60 UP-DOWN
   ORIONINFU    286.50 UP
   ORIONPHARM    29.00 UP
   PADMALIFE    15.50 DOWN
   PADMAOIL    194.70 UP
   PARAMOUNT    67.20 UP
   PBLPBOND    4750.00 DOWN
   PDL    5.60 UP-DOWN
   PENINSULA    20.10 DOWN
   PEOPLESINS    64.00 UP
   PF1STMF    17.70 DOWN
   PHARMAID    557.30 UP
   PHENIXINS    48.60 UP
   PHOENIXFIN    3.40 UP-DOWN
   PHPMF1    3.70 UP-DOWN
   PIONEERINS    72.00 UP
   PLFSL    1.70 UP-DOWN
   POPULAR1MF    3.60 DOWN
   POPULARLIF    55.40 UP
   POWERGRID    37.50 DOWN
   PRAGATIINS    75.40 UP
   PRAGATILIF    143.70 UP
   PREMIERBAN    5.60 DOWN
   PREMIERCEM    40.00 DOWN
   PREMIERLEA    2.00 UP
   PRIME1ICBA    8.10 UP
   PRIMEBANK    28.00 DOWN
   PRIMEFIN    2.80 UP
   PRIMEINSUR    52.80 UP
   PRIMELIFE    36.80 DOWN
   PRIMETEX    14.80 UP
   PROGRESLIF    35.30 DOWN
   PROVATIINS    54.80 UP
   PTL    78.80 DOWN
   PURABIGEN    28.70 UP
   QUASEMIND    39.60 UP-DOWN
   QUEENSOUTH    13.90 DOWN
   RAHIMAFOOD    71.50 DOWN
   RAHIMTEXT    184.80 UP
   RAKCERAMIC    26.70 DOWN
   RANFOUNDRY    148.60 UP
   RDFOOD    22.60 DOWN
   RECKITTBEN    3280.00 UP
   REGENTTEX    6.00 UP-DOWN
   RELIANCE1    13.50 DOWN
   RELIANCINS    112.90 UP
   RENATA    448.60 DOWN
   RENWICKJA    725.80 DOWN
   REPUBLIC    39.20 UP
   RINGSHINE    3.80 UP
   ROBI    30.20 UP-DOWN
   RSRMSTEEL    6.80 UP
   RUNNERAUTO    45.20 DOWN
   RUPALIBANK    17.00 UP
   RUPALIINS    28.90 UP
   RUPALILIFE    78.30 UP-DOWN
   SAFKOSPINN    20.20 UP
   SAIFPOWER    7.70 UP-DOWN
   SAIHAMCOT    22.10 DOWN
   SAIHAMTEX    37.10 UP
   SALAMCRST    12.50 DOWN
   SALVO    30.50 UP-DOWN
   SAMATALETH    84.60 DOWN
   SAMORITA    95.70 DOWN
   SANDHANINS    24.30 DOWN
   SAPORTL    61.00 DOWN
   SBACBANK    6.90 UP
   SEAPEARL    35.80 DOWN
   SEMLFBSLGF    7.30 UP-DOWN
   SEMLIBBLSF    8.10 DOWN
   SHAHJABANK    17.40 UP
   SHARPIND    17.90 DOWN
   SHASHADNIM    26.90 UP
   SHEPHERD    12.80 DOWN
   SHURWID    5.80 UP
   SHYAMPSUG    280.40 DOWN
   SICL    36.50 UP
   SILCOPHL    17.00 DOWN
   SILVAPHL    12.60 DOWN
   SIMTEX    23.80 UP-DOWN
   SINGERBD    78.80 DOWN
   SINOBANGLA    49.30 DOWN
   SIPLC    151.70 DOWN
   SKTRIMS    12.30 UP-DOWN
   SONALIANSH    222.20 DOWN
   SONALILIFE    85.90 UP
   SONALIPAPR    224.60 DOWN
   SONARBAINS    36.70 UP
   SONARGAON    108.00 UP
   SOUTHEASTB    11.70 UP-DOWN
   SPCERAMICS    23.60 DOWN
   SPCL    49.70 DOWN
   SQUARETEXT    48.60 DOWN
   SQURPHARMA    217.40 UP-DOWN
   SSSTEEL    6.00 UP
   STANCERAM    65.50 UP
   STANDARINS    52.80 UP
   STANDBANKL    4.40 UP-DOWN
   STYLECRAFT    54.00 UP
   SUMITPOWER    15.40 UP-DOWN
   SUNLIFEINS    54.00 UP
   TAKAFULINS    55.30 UP
   TALLUSPIN    7.00 UP-DOWN
   TAMIJTEX    113.60 DOWN
   TECHNODRUG    40.00 DOWN
   TILIL    45.10 UP
   TITASGAS    17.70 DOWN
   TOSRIFA    18.60 DOWN
   TRUSTB1MF    3.80 UP-DOWN
   TRUSTBANK    13.60 UP-DOWN
   TUNGHAI    4.20 UP-DOWN
   UCB    8.80 UP
   UNILEVERCL    1992.60 UP
   UNIONCAP    4.20 UP-DOWN
   UNIONINS    47.60 UP
   UNIQUEHRL    41.50 DOWN
   UNITEDFIN    16.90 DOWN
   UNITEDINS    63.40 UP
   UPGDCL    114.40 UP
   USMANIAGL    52.00 DOWN
   UTTARABANK    20.60 DOWN
   UTTARAFIN    11.80 DOWN
   VAMLRBBF    8.60 DOWN
   VFSTDL    13.00 DOWN
   WALTONHIL    338.60 DOWN
   WATACHEM    128.20 UP
   WMSHIPYARD    8.60 DOWN
   YPL    21.10 UP
   ZAHEENSPIN    5.20 UP
   ZAHINTEX    7.40 UP-DOWN
   ZEALBANGLA    183.80 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 is currently working as a Research Analyst. He has over five years of work experience, including Egypt, covering MENA. Before joining BRAC EPL, he worked as an Equity Analyst at 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).