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   1JANATAMF    3.60 UP
   1STPRIMFMF    22.10 UP
   AAMRANET    18.20 UP
   AAMRATECH    17.00 DOWN
   ABB1STMF    3.70 UP
   ABBANK    4.50 UP-DOWN
   ACFL    22.50 UP
   ACI    186.70 UP
   ACIFORMULA    153.20 UP
   ACMELAB    77.50 UP-DOWN
   ACMEPL    24.00 DOWN
   ACTIVEFINE    5.80 UP
   ADNTEL    58.30 DOWN
   ADVENT    13.80 UP-DOWN
   AFCAGRO    6.40 DOWN
   AFTABAUTO    26.70 UP
   AGNISYSL    29.30 DOWN
   AGRANINS    28.50 DOWN
   AIBL1STIMF    6.10 UP
   AIL    31.60 DOWN
   AL-HAJTEX    70.00 DOWN
   ALARABANK    15.40 DOWN
   ALIF    5.40 UP-DOWN
   ALLTEX    24.10 DOWN
   AMANFEED    31.30 DOWN
   AMBEEPHA    756.00 UP
   AMCL(PRAN)    214.60 DOWN
   ANLIMAYARN    26.40 DOWN
   ANWARGALV    110.70 UP
   AOL    15.70 DOWN
   APEXFOODS    260.30 UP
   APEXFOOT    209.10 UP
   APEXSPINN    281.90 UP
   APEXTANRY    93.40 DOWN
   APOLOISPAT    3.00 UP
   APSCLBOND    1101.00 UP
   ARAMIT    184.00 DOWN
   ARAMITCEM    11.30 UP-DOWN
   ARGONDENIM    22.10 DOWN
   ASIAINS    41.60 DOWN
   ASIAPACINS    47.60 DOWN
   ASIATICLAB    104.50 DOWN
   ATLASBANG    84.90 UP
   AZIZPIPES    75.00 DOWN
   BANGAS    123.30 DOWN
   BANKASIA    16.70 DOWN
   BARKAPOWER    10.10 UP
   BATASHOE    888.00 UP
   BATBC    228.00 DOWN
   BAYLEASING    4.60 UP-DOWN
   BBS    12.30 DOWN
   BBSCABLES    17.20 DOWN
   BDAUTOCA    181.20 DOWN
   BDCOM    29.20 DOWN
   BDFINANCE    12.30 DOWN
   BDLAMPS    224.30 UP
   BDTHAI    15.80 DOWN
   BDTHAIFOOD    25.10 DOWN
   BDWELDING    12.10 DOWN
   BEACHHATCH    26.60 UP
   BEACONPHAR    102.30 DOWN
   BENGALWTL    21.80 DOWN
   BERGERPBL    1475.40 DOWN
   BESTHLDNG    14.80 DOWN
   BEXGSUKUK    69.50 UP-DOWN
   BEXIMCO    21.50 DOWN
   BGIC    41.50 DOWN
   BIFC    4.10 UP
   BNICL    122.40 UP
   BPML    25.20 DOWN
   BPPL    19.20 DOWN
   BRACBANK    62.30 UP-DOWN
   BSC    110.50 DOWN
   BSCPLC    147.00 UP
   BSRMLTD    96.60 UP
   BSRMSTEEL    85.80 UP-DOWN
   BXPHARMA    150.90 DOWN
   CAPITECGBF    8.60 UP
   CAPMBDBLMF    7.90 UP
   CAPMIBBLMF    13.20 UP
   CENTRALINS    43.00 DOWN
   CENTRALPHL    9.70 DOWN
   CITYBANK    29.80 DOWN
   CITYGENINS    127.90 UP
   CLICL    42.10 DOWN
   CNATEX    3.00 UP-DOWN
   CONFIDCEM    61.20 DOWN
   CONTININS    33.60 DOWN
   COPPERTECH    22.60 DOWN
   CROWNCEMNT    59.60 UP
   CRYSTALINS    61.50 DOWN
   CVOPRL    153.10 DOWN
   DACCADYE    15.70 DOWN
   DAFODILCOM    168.80 UP
   DBH    40.30 UP-DOWN
   DBH1STMF    5.60 UP
   DELTALIFE    71.60 DOWN
   DELTASPINN    7.10 UP-DOWN
   DESCO    21.80 DOWN
   DESHBANDHU    17.50 DOWN
   DGIC    30.40 UP
   DHAKABANK    11.80 UP-DOWN
   DHAKAINS    44.30 DOWN
   DOMINAGE    63.70 UP
   DOREENPWR    30.40 DOWN
   DSHGARME    150.80 DOWN
   DSSL    11.10 DOWN
   DULAMIACOT    180.00 UP
   DUTCHBANGL    43.40 UP-DOWN
   EASTERNINS    57.30 DOWN
   EASTLAND    27.60 DOWN
   EASTRNLUB    2057.90 UP
   EBL    23.20 DOWN
   EBL1STMF    4.30 UP
   EBLNRBMF    3.60 UP
   ECABLES    128.90 DOWN
   EGEN    23.30 DOWN
   EHL    83.50 DOWN
   EIL    31.00 DOWN
   EMERALDOIL    28.30 DOWN
   ENVOYTEX    74.50 UP
   EPGL    17.00 DOWN
   ESQUIRENIT    24.10 DOWN
   ETL    13.50 DOWN
   EXIM1STMF    7.40 UP
   FAMILYTEX    2.40 UP-DOWN
   FARCHEM    14.80 DOWN
   FAREASTLIF    18.90 DOWN
   FBFIF    3.50 UP
   FEDERALINS    27.70 DOWN
   FEKDIL    21.70 DOWN
   FINEFOODS    443.40 DOWN
   FIRSTFIN    4.20 DOWN
   FORTUNE    16.30 DOWN
   FUWANGCER    13.50 DOWN
   FUWANGFOOD    9.60 UP-DOWN
   GBBPOWER    13.50 UP
   GEMINISEA    108.80 UP
   GENEXIL    35.70 DOWN
   GENNEXT    3.00 UP-DOWN
   GHAIL    12.90 DOWN
   GHCL    20.80 DOWN
   GLDNJMF    8.80 UP
   GLOBALINS    45.40 DOWN
   GOLDENSON    12.90 UP-DOWN
   GP    239.10 DOWN
   GPHISPAT    16.20 DOWN
   GQBALLPEN    585.00 DOWN
   GRAMEENS2    12.10 UP
   GREENDELMF    4.70 UP
   GREENDELT    64.20 DOWN
   GSPFINANCE    3.50 DOWN
   HAKKANIPUL    69.60 DOWN
   HAMI    146.70 UP
   HEIDELBCEM    206.90 DOWN
   HFL    12.80 DOWN
   HRTEX    17.20 DOWN
   HWAWELLTEX    48.30 DOWN
   IBBL2PBOND    3950.00 UP
   IBNSINA    313.40 UP
   IBP    15.80 DOWN
   ICB    39.50 DOWN
   ICB3RDNRB    5.80 UP
   ICBAGRANI1    8.10 UP
   ICBAMCL2ND    7.30 UP
   ICBEPMF1S1    6.30 UP
   ICBIBANK    2.70 UP
   ICBSONALI1    6.90 UP
   ICICL    36.80 DOWN
   IDLC    42.20 DOWN
   IFADAUTOS    24.10 DOWN
   IFIC    4.70 UP
   IFIC1STMF    4.10 UP
   IFILISLMF1    5.50 UP
   INDEXAGRO    68.30 DOWN
   INTECH    23.10 DOWN
   INTRACO    22.80 UP
   IPDC    31.70 DOWN
   ISLAMIBANK    27.70 UP
   ISLAMICFIN    10.90 UP-DOWN
   ISLAMIINS    59.80 UP
   ISNLTD    44.10 DOWN
   ITC    45.50 DOWN
   JAMUNABANK    23.10 DOWN
   JAMUNAOIL    175.90 UP
   JANATAINS    32.60 UP-DOWN
   JHRML    44.10 DOWN
   JMISMDL    129.70 DOWN
   JUTESPINN    209.00 UP
   KARNAPHULI    55.40 DOWN
   KAY&QUE    355.10 DOWN
   KBPPWBIL    29.90 DOWN
   KDSALTD    44.70 DOWN
   KEYACOSMET    5.10 UP
   KOHINOOR    525.50 DOWN
   KPCL    10.70 UP-DOWN
   KPPL    12.40 DOWN
   KTL    13.00 UP
   LANKABAFIN    14.90 UP-DOWN
   LEGACYFOOT    70.30 DOWN
   LHB    51.10 DOWN
   LIBRAINFU    577.80 UP
   LINDEBD    679.20 DOWN
   LOVELLO    45.80 DOWN
   LRBDL    13.60 DOWN
   LRGLOBMF1    4.40 UP
   MAGURAPLEX    81.60 DOWN
   MAKSONSPIN    6.00 UP-DOWN
   MALEKSPIN    46.40 DOWN
   MARICO    2671.70 DOWN
   MATINSPINN    66.20 DOWN
   MBL1STMF    9.70 UP
   MEGCONMILK    33.90 DOWN
   MEGHNACEM    28.40 DOWN
   MEGHNAINS    35.00 DOWN
   MEGHNALIFE    52.70 DOWN
   MEGHNAPET    61.90 DOWN
   MERCANBANK    6.80 UP-DOWN
   MERCINS    48.30 UP
   METROSPIN    9.50 DOWN
   MHSML    19.80 DOWN
   MIDASFIN    5.10 DOWN
   MIDLANDBNK    16.60 UP-DOWN
   MIRACLEIND    27.20 DOWN
   MIRAKHTER    32.40 DOWN
   MITHUNKNIT    13.70 UP-DOWN
   MJLBD    90.30 UP
   MLDYEING    11.80 DOWN
   MONNOAGML    310.80 UP
   MONNOCERA    82.50 UP
   MONNOFABR    20.50 DOWN
   MONOSPOOL    106.40 UP
   MPETROLEUM    206.00 UP-DOWN
   MTB    12.90 UP-DOWN
   NAHEEACP    34.00 DOWN
   NATLIFEINS    93.30 DOWN
   NAVANACNG    20.40 DOWN
   NAVANAPHAR    63.70 DOWN
   NBL    3.40 UP
   NCCBANK    14.60 DOWN
   NCCBLMF1    6.70 UP
   NEWLINE    5.70 UP
   NFML    15.60 DOWN
   NHFIL    26.80 DOWN
   NITOLINS    56.80 UP
   NORTHERN    100.80 DOWN
   NORTHRNINS    37.40 DOWN
   NPOLYMER    31.20 DOWN
   NRBBANK    6.40 UP-DOWN
   NRBCBANK    9.00 UP
   NTC    151.70 DOWN
   NTLTUBES    62.80 DOWN
   NURANI    3.00 DOWN
   OAL    6.50 DOWN
   OIMEX    14.40 DOWN
   OLYMPIC    142.50 DOWN
   ONEBANKPLC    7.70 UP
   ORIONINFU    188.60 DOWN
   ORIONPHARM    25.00 DOWN
   PADMALIFE    16.10 UP-DOWN
   PADMAOIL    192.90 UP
   PARAMOUNT    57.60 DOWN
   PDL    5.50 UP-DOWN
   PENINSULA    21.10 DOWN
   PEOPLESINS    59.70 UP-DOWN
   PF1STMF    17.80 UP
   PHARMAID    549.30 DOWN
   PHENIXINS    48.10 DOWN
   PHOENIXFIN    3.70 UP
   PHPMF1    3.60 UP
   PIONEERINS    63.60 DOWN
   PLFSL    2.00 UP
   POPULAR1MF    3.60 UP
   POPULARLIF    57.10 DOWN
   POWERGRID    38.10 UP-DOWN
   PRAGATIINS    72.40 DOWN
   PRAGATILIF    144.40 DOWN
   PREMIERBAN    5.90 UP
   PREMIERCEM    43.30 DOWN
   PREMIERLEA    2.10 UP-DOWN
   PRIME1ICBA    6.20 UP
   PRIMEBANK    28.40 DOWN
   PRIMEFIN    2.90 UP-DOWN
   PRIMEINSUR    50.90 DOWN
   PRIMELIFE    36.60 DOWN
   PRIMETEX    14.10 DOWN
   PROGRESLIF    35.60 DOWN
   PROVATIINS    54.30 DOWN
   PTL    78.10 UP-DOWN
   PUBALIBANK    37.70 UP-DOWN
   PURABIGEN    28.40 DOWN
   QUASEMIND    39.20 DOWN
   QUEENSOUTH    14.50 DOWN
   RAHIMAFOOD    70.10 UP-DOWN
   RAHIMTEXT    182.70 DOWN
   RAKCERAMIC    27.50 DOWN
   RANFOUNDRY    148.10 DOWN
   RDFOOD    23.90 DOWN
   RECKITTBEN    3283.20 UP
   REGENTTEX    6.30 UP
   RELIANCE1    12.50 UP
   RELIANCINS    99.50 DOWN
   RENATA    459.00 DOWN
   RENWICKJA    746.00 DOWN
   REPUBLIC    39.30 DOWN
   RINGSHINE    3.80 UP-DOWN
   ROBI    30.00 UP
   RSRMSTEEL    7.00 DOWN
   RUPALIBANK    17.20 DOWN
   RUPALIINS    28.10 UP
   RUPALILIFE    79.00 DOWN
   SAFKOSPINN    20.80 DOWN
   SAIFPOWER    8.70 DOWN
   SAIHAMCOT    22.70 DOWN
   SAIHAMTEX    32.30 UP
   SALAMCRST    11.50 UP-DOWN
   SALVO    31.10 DOWN
   SAMATALETH    79.20 DOWN
   SAMORITA    88.20 DOWN
   SANDHANINS    24.50 DOWN
   SAPORTL    60.10 DOWN
   SBACBANK    6.70 UP-DOWN
   SEAPEARL    33.70 DOWN
   SEMLFBSLGF    7.00 UP
   SHAHJABANK    17.40 DOWN
   SHARPIND    19.00 DOWN
   SHASHADNIM    27.30 DOWN
   SHEPHERD    13.50 DOWN
   SHURWID    5.90 UP-DOWN
   SHYAMPSUG    300.10 UP
   SICL    36.30 DOWN
   SILCOPHL    16.80 DOWN
   SILVAPHL    12.60 DOWN
   SIMTEX    24.40 DOWN
   SINGERBD    72.30 DOWN
   SINOBANGLA    50.60 DOWN
   SIPLC    138.70 UP
   SKTRIMS    12.90 UP-DOWN
   SONALIANSH    208.50 DOWN
   SONALILIFE    84.20 DOWN
   SONALIPAPR    219.70 DOWN
   SONARBAINS    37.00 UP
   SONARGAON    88.00 DOWN
   SOUTHEASTB    12.60 UP
   SPCERAMICS    21.00 UP-DOWN
   SPCL    49.90 DOWN
   SQUARETEXT    50.50 UP
   SQURPHARMA    214.40 DOWN
   SSSTEEL    6.20 DOWN
   STANCERAM    68.50 UP
   STANDARINS    48.90 UP
   STANDBANKL    4.50 UP
   STYLECRAFT    53.20 UP
   SUMITPOWER    15.40 UP-DOWN
   SUNLIFEINS    48.90 DOWN
   TAKAFULINS    57.90 UP
   TALLUSPIN    7.50 UP-DOWN
   TAMIJTEX    117.70 DOWN
   TB5Y1029    111.48 UP
   TECHNODRUG    41.70 DOWN
   TILIL    45.60 DOWN
   TITASGAS    17.20 DOWN
   TOSRIFA    19.00 DOWN
   TRUSTB1MF    3.80 UP
   TRUSTBANK    14.60 UP-DOWN
   TUNGHAI    4.30 UP-DOWN
   UCB    9.60 UP
   UNILEVERCL    1994.60 DOWN
   UNIONCAP    4.40 UP
   UNIONINS    48.40 DOWN
   UNIQUEHRL    41.70 DOWN
   UNITEDFIN    16.90 DOWN
   UNITEDINS    61.30 UP
   UPGDCL    112.50 DOWN
   USMANIAGL    54.00 DOWN
   UTTARABANK    20.80 UP-DOWN
   UTTARAFIN    12.30 DOWN
   VAMLRBBF    8.20 UP-DOWN
   VFSTDL    13.70 DOWN
   WALTONHIL    390.00 UP-DOWN
   WATACHEM    134.60 UP
   WMSHIPYARD    8.90 UP
   YPL    19.70 DOWN
   ZAHEENSPIN    5.50 UP-DOWN
   ZAHINTEX    8.50 UP-DOWN
   ZEALBANGLA    173.00 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).