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   1JANATAMF    3.70 UP-DOWN
   1STPRIMFMF    23.50 DOWN
   AAMRANET    20.50 UP
   AAMRATECH    21.00 UP
   ABB1STMF    3.70 UP-DOWN
   ABBANK    4.90 UP
   ACIFORMULA    168.60 UP
   ACMELAB    80.30 DOWN
   ACMEPL    23.40 DOWN
   ACTIVEFINE    6.70 UP-DOWN
   ADNTEL    64.00 UP-DOWN
   ADVENT    15.50 UP
   AFCAGRO    7.10 UP-DOWN
   AFTABAUTO    28.40 UP
   AGNISYSL    30.20 DOWN
   AGRANINS    30.80 UP
   AIBL1STIMF    5.60 UP-DOWN
   AIL    37.00 UP
   AL-HAJTEX    93.30 UP
   ALARABANK    17.30 UP
   ALIF    5.80 UP-DOWN
   ALLTEX    24.20 DOWN
   AMANFEED    38.30 DOWN
   ANLIMAYARN    33.30 UP-DOWN
   ANWARGALV    111.80 UP
   AOL    18.70 UP
   APEXFOOT    215.00 UP
   APEXSPINN    355.80 UP
   APEXTANRY    106.10 UP
   APOLOISPAT    3.30 UP
   ARAMIT    219.40 DOWN
   ARGONDENIM    23.00 UP-DOWN
   ASIAINS    43.00 DOWN
   ASIAPACINS    50.00 DOWN
   ASIATICLAB    117.10 UP
   ATLASBANG    88.10 UP
   AZIZPIPES    81.90 UP
   BANGAS    133.50 DOWN
   BARKAPOWER    11.00 UP
   BATBC    239.60 DOWN
   BAYLEASING    5.20 UP-DOWN
   BBS    14.30 UP
   BBSCABLES    20.00 UP-DOWN
   BDAUTOCA    216.50 UP
   BDCOM    31.30 UP
   BDLAMPS    220.10 DOWN
   BDTHAI    16.50 UP
   BDTHAIFOOD    23.40 UP-DOWN
   BDWELDING    13.60 UP
   BEACHHATCH    29.70 DOWN
   BEACONPHAR    107.70 UP
   BENGALWTL    25.90 UP-DOWN
   BERGERPBL    1494.90 UP
   BESTHLDNG    15.00 UP
   BEXGSUKUK    69.00 DOWN
   BEXIMCO    24.30 UP-DOWN
   BGIC    42.30 UP-DOWN
   BPPL    20.50 UP-DOWN
   BRACBANK    63.00 UP
   BSC    115.90 UP
   BSRMLTD    98.00 UP
   BSRMSTEEL    93.50 UP-DOWN
   BXPHARMA    145.50 UP
   CAPITECGBF    10.20 UP-DOWN
   CAPMBDBLMF    9.10 DOWN
   CAPMIBBLMF    12.70 UP
   CENTRALINS    44.70 DOWN
   CENTRALPHL    10.40 UP-DOWN
   CITYBANK    31.20 UP
   CITYGENINS    126.90 UP
   CLICL    48.00 UP
   CNATEX    3.50 UP
   CONFIDCEM    64.90 DOWN
   CONTININS    35.70 UP
   COPPERTECH    25.60 DOWN
   CRYSTALINS    70.00 UP
   CVOPRL    173.90 UP
   DACCADYE    16.60 UP
   DAFODILCOM    165.70 UP
   DBH    44.10 DOWN
   DBH1STMF    5.40 UP-DOWN
   DELTALIFE    76.20 DOWN
   DELTASPINN    7.60 UP
   DESHBANDHU    19.70 DOWN
   DGIC    33.70 DOWN
   DHAKABANK    12.30 UP-DOWN
   DHAKAINS    46.50 DOWN
   DOMINAGE    64.20 UP
   DOREENPWR    33.50 UP
   DSHGARME    185.30 DOWN
   DSSL    12.50 UP
   DULAMIACOT    199.00 DOWN
   EASTERNINS    64.10 DOWN
   EASTLAND    29.20 UP
   EASTRNLUB    2021.00 UP
   EBL    24.00 UP-DOWN
   EBLNRBMF    3.60 UP-DOWN
   ECABLES    140.00 DOWN
   EGEN    26.50 UP
   EHL    91.30 UP
   EIL    32.70 UP-DOWN
   EMERALDOIL    28.50 UP-DOWN
   ENVOYTEX    64.30 UP
   EPGL    19.30 UP
   ESQUIRENIT    25.40 UP-DOWN
   ETL    13.40 UP-DOWN
   EXIM1STMF    6.70 UP-DOWN
   FAMILYTEX    2.70 DOWN
   FARCHEM    19.50 DOWN
   FBFIF    3.70 UP-DOWN
   FEDERALINS    29.70 UP
   FEKDIL    22.60 UP
   FINEFOODS    430.00 DOWN
   FIRSTFIN    5.30 UP
   FORTUNE    17.50 UP-DOWN
   FUWANGCER    15.70 UP-DOWN
   GBBPOWER    15.20 DOWN
   GEMINISEA    116.10 DOWN
   GENEXIL    37.70 DOWN
   GENNEXT    3.20 UP-DOWN
   GHAIL    14.70 UP
   GHCL    22.70 UP
   GLDNJMF    8.90 UP
   GLOBALINS    45.90 DOWN
   GOLDENSON    15.10 UP
   GP    250.00 UP
   GPHISPAT    17.90 DOWN
   GRAMEENS2    13.20 UP
   GREENDELMF    4.80 UP-DOWN
   GREENDELT    69.30 UP-DOWN
   GSPFINANCE    4.30 UP
   HAKKANIPUL    78.80 UP
   HAMI    160.00 UP
   HEIDELBCEM    218.80 UP
   HFL    16.00 UP
   HRTEX    20.20 DOWN
   HWAWELLTEX    48.80 DOWN
   IBNSINA    317.00 DOWN
   IBP    17.30 UP-DOWN
   ICB    44.40 UP
   ICB3RDNRB    5.90 UP-DOWN
   ICBAGRANI1    8.30 UP
   ICBEPMF1S1    6.40 UP
   ICBIBANK    2.70 UP
   ICBSONALI1    6.00 DOWN
   ICICL    36.40 UP
   IDLC    45.20 DOWN
   IFADAUTOS    24.80 UP
   IFIC    4.80 UP-DOWN
   IFIC1STMF    4.30 UP-DOWN
   IFILISLMF1    5.50 UP
   INTECH    26.60 UP
   INTRACO    22.70 UP
   IPDC    33.70 DOWN
   ISLAMIBANK    28.30 DOWN
   ISLAMICFIN    11.70 UP
   ISLAMIINS    63.00 DOWN
   ISNLTD    61.00 UP
   ITC    46.40 UP
   JAMUNABANK    24.20 DOWN
   JAMUNAOIL    179.00 DOWN
   JANATAINS    34.60 UP
   JHRML    50.90 UP
   JUTESPINN    220.00 DOWN
   KARNAPHULI    57.70 UP
   KAY&QUE    422.00 UP
   KBPPWBIL    38.10 UP
   KEYACOSMET    5.50 UP
   KOHINOOR    554.00 DOWN
   KPCL    11.80 UP-DOWN
   KPPL    14.90 UP
   KTL    11.90 UP
   LANKABAFIN    17.10 UP-DOWN
   LEGACYFOOT    71.30 UP-DOWN
   LHB    56.30 UP
   LINDEBD    712.70 UP-DOWN
   LOVELLO    64.60 UP
   LRBDL    15.70 UP
   LRGLOBMF1    4.40 UP-DOWN
   MAGURAPLEX    91.00 UP
   MAKSONSPIN    6.50 UP-DOWN
   MALEKSPIN    48.80 DOWN
   MATINSPINN    65.80 DOWN
   MBL1STMF    8.30 UP-DOWN
   MEGCONMILK    34.80 UP
   MEGHNAINS    38.30 DOWN
   MEGHNALIFE    54.90 DOWN
   MEGHNAPET    80.00 DOWN
   MERCANBANK    7.10 DOWN
   MERCINS    43.00 UP
   METROSPIN    10.20 UP
   MHSML    21.20 DOWN
   MIDLANDBNK    18.20 UP-DOWN
   MIRACLEIND    29.60 UP-DOWN
   MIRAKHTER    38.10 UP
   MITHUNKNIT    15.80 UP
   MJLBD    92.80 UP-DOWN
   MLDYEING    15.10 UP-DOWN
   MONNOAGML    341.90 UP-DOWN
   MONNOCERA    90.00 UP
   MONNOFABR    22.50 UP
   MONOSPOOL    111.50 UP
   MPETROLEUM    211.40 UP-DOWN
   MTB    13.40 DOWN
   NAHEEACP    33.40 UP-DOWN
   NATLIFEINS    100.90 UP-DOWN
   NAVANACNG    21.60 UP-DOWN
   NAVANAPHAR    66.60 DOWN
   NBL    3.60 UP-DOWN
   NCCBLMF1    6.50 UP-DOWN
   NEWLINE    6.40 UP-DOWN
   NFML    19.00 UP
   NHFIL    29.50 UP
   NITOLINS    45.80 DOWN
   NORTHERN    115.00 UP
   NORTHRNINS    39.80 DOWN
   NPOLYMER    33.80 UP
   NRBBANK    6.80 UP
   NTLTUBES    66.20 UP
   NURANI    4.20 UP
   OAL    7.00 UP
   OIMEX    15.80 UP-DOWN
   ONEBANKPLC    8.20 UP-DOWN
   ORIONINFU    232.80 DOWN
   ORIONPHARM    27.80 UP-DOWN
   PADMALIFE    18.10 UP
   PADMAOIL    198.20 UP-DOWN
   PARAMOUNT    63.30 UP
   PDL    5.80 DOWN
   PENINSULA    22.60 UP-DOWN
   PEOPLESINS    63.80 UP
   PF1STMF    14.30 DOWN
   PHARMAID    600.50 DOWN
   PHENIXINS    52.10 UP
   PHOENIXFIN    3.90 UP
   PHPMF1    3.80 UP
   PIONEERINS    69.00 DOWN
   PLFSL    2.00 UP-DOWN
   POPULAR1MF    3.70 UP-DOWN
   POPULARLIF    62.00 UP
   POWERGRID    38.80 UP-DOWN
   PRAGATIINS    80.00 UP
   PRAGATILIF    160.70 UP
   PREMIERCEM    48.70 DOWN
   PRIME1ICBA    6.00 UP-DOWN
   PRIMEBANK    30.00 UP
   PRIMEFIN    3.10 UP-DOWN
   PRIMEINSUR    57.00 UP
   PRIMELIFE    39.20 DOWN
   PRIMETEX    17.20 UP
   PROGRESLIF    38.60 DOWN
   PROVATIINS    56.90 DOWN
   PTL    66.60 UP-DOWN
   PUBALIBANK    40.00 DOWN
   PURABIGEN    31.90 UP
   QUASEMIND    42.60 DOWN
   QUEENSOUTH    16.70 UP-DOWN
   RAHIMAFOOD    83.00 DOWN
   RAHIMTEXT    208.00 DOWN
   RDFOOD    24.90 DOWN
   REGENTTEX    6.60 UP
   RELIANCE1    12.20 DOWN
   RELIANCINS    114.30 UP
   RENATA    468.00 DOWN
   REPUBLIC    40.00 DOWN
   RINGSHINE    4.60 UP-DOWN
   ROBI    31.40 UP-DOWN
   RUNNERAUTO    49.80 UP
   RUPALIBANK    17.70 UP-DOWN
   RUPALIINS    30.00 UP
   SAIFPOWER    10.00 UP-DOWN
   SAIHAMCOT    22.30 UP-DOWN
   SAIHAMTEX    31.50 UP
   SALAMCRST    12.80 DOWN
   SALVO    34.10 UP
   SAMATALETH    100.00 UP
   SAMORITA    113.90 UP
   SANDHANINS    28.10 DOWN
   SAPORTL    61.30 DOWN
   SEAPEARL    37.80 UP
   SEMLIBBLSF    7.60 DOWN
   SHAHJABANK    17.50 UP-DOWN
   SHARPIND    32.70 DOWN
   SHASHADNIM    28.20 UP
   SHEPHERD    15.90 UP
   SICL    36.40 DOWN
   SILCOPHL    18.70 UP-DOWN
   SILVAPHL    15.30 UP
   SIMTEX    26.50 UP
   SINOBANGLA    53.30 UP
   SIPLC    153.10 DOWN
   SONALIANSH    216.80 UP-DOWN
   SONALILIFE    84.10 UP-DOWN
   SONALIPAPR    235.70 UP
   SONARBAINS    39.10 UP
   SONARGAON    118.30 UP-DOWN
   SOUTHEASTB    11.40 DOWN
   SPCERAMICS    21.90 UP
   SQUARETEXT    51.00 DOWN
   SQURPHARMA    219.10 UP
   SSSTEEL    7.00 UP
   STANCERAM    71.60 UP
   STANDARINS    50.70 UP
   STANDBANKL    4.90 UP
   SUMITPOWER    16.70 DOWN
   SUNLIFEINS    59.90 UP
   TAKAFULINS    49.90 DOWN
   TALLUSPIN    8.30 UP-DOWN
   TAMIJTEX    130.40 UP-DOWN
   TECHNODRUG    44.70 UP
   TILIL    47.00 UP-DOWN
   TITASGAS    18.90 UP-DOWN
   TOSRIFA    20.80 UP-DOWN
   TRUSTB1MF    3.70 DOWN
   TRUSTBANK    15.30 UP
   TUNGHAI    5.40 DOWN
   UNIONCAP    4.80 UP-DOWN
   UNIONINS    50.90 UP
   UNIQUEHRL    43.50 UP-DOWN
   UNITEDFIN    18.70 UP-DOWN
   UNITEDINS    63.50 DOWN
   UPGDCL    121.50 DOWN
   USMANIAGL    64.70 UP
   UTTARABANK    21.10 UP
   VFSTDL    15.50 UP-DOWN
   WALTONHIL    388.10 UP-DOWN
   WATACHEM    139.50 DOWN
   WMSHIPYARD    9.80 UP-DOWN
   YPL    22.00 UP-DOWN
   ZAHEENSPIN    5.90 UP-DOWN
   ZAHINTEX    9.10 UP-DOWN
   ZEALBANGLA    191.90 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).