January 10, 2017

Market Capitaliza-

tion

DSE CSE

BDT bn USD bn BDT bn USD bn

T MCAP 3557.08 45.20 2885.12 36.66

Y MCAP 3526.15 44.80 2849.65 36.21

% Δ 0.88% 1.24%

TMCAP-Today’s Market Capitalization, YMCAP-Yesterday’s Market Capitalization

Comment The Dhaka Stock Exchange (DSEX) continues its bullish run, as the investors went on buying spree with turnover almost inching to BDT 17 billion mark. The market started with an positive note and continued it till end of the session. Today, there were 219 gainers, 75 losers while 34 issues were unchanged. The total market capitalization stood at BDT 3,557.08 billion and total turnover reached at BDT 16,969.43 million.

The Banking sector gained 0.75% today reaching 16.4% of the total market capitalization. Most of the issues had a moderate gain from the sector. NBFI sector gained 3.32% reaching 6.7% of the total market capitalization. Invest-ment Lanka Bangla Finance Ltd. (LANKABAFIN) was the highest gainer from the sector with a gain of 7.01%. Dulamia Cotton (DULAMIACOT) became the top gainer with gain of 9.78% while BEXIMCO became the top trded share fol-lowed by BBS.

DSEX up by 62.79 points (1.20%); DSE-MCAP: USD 45.20 Billion ; Turnover: USD 215.62 Million

Market Valuation

Bourses Indices TCI YCI Δ % Δ YTD Δ

DSE

DSEX 5277.39 5214.60 62.79 1.20% 4.79%

DS30 1894.66 1879.12 15.54 0.83% 4.62%

DSES 1240.42 1230.22 10.20 0.83% 4.07%

CSE

CASPI 16247.63 16025.55 222.08 1.39% 4.97%

CSEX 9833.88 9700.48 133.40 1.38% 4.95%

CS30 14170.87 13980.47 190.40 1.36% 4.32%

CSE50 1173.77 1160.02 13.75 1.19% 4.37%

CSI 1122.69 1108.71 13.98 1.26% 4.72%

TCI-Today’s Closing Index, YCI-Yesterdays Closing Index, YTD-Year to date

Year High-Low

Market Capitaliza-

tion

DSE CSE

Value (bn) Date Value (bn) Date

3557.08 10-Jan-17 2885.12 10-Jan-17 High

2985.35 2-May-16 2326.33 2-May-16 Low

Market Total Turnover

DSE CSE

BDT mn USD mn BDT mn USD mn

T Turnover 16969.43 215.62 1089.30 13.84

Y Turnover 12467.91 158.42 744.81 9.46

% Δ 36.10% 46.25%

Average (Year) 5191.01 334.83

T Turnover-Today’s turnover, Y Turnover– Yesterday’s Turnover

Advanced/ Declined

DSE CSE

Today Yesterday Today Yesterday

Issue Gain 219 210 192 183

Issue Loss 75 74 60 60

Unchanged Issue 34 43 47 56

Sector Valuation (DSE) T MCAP (BDT in mn) % Δ of MCAP T Turnover

(BDT in mn) % Δ Turno-

ver PE Div. Yield

Banking Sector 490,266.00 0.75% 1132.00 64.3% 9.33 6.9%

Financial Institution 201,327.00 3.32% 1156.00 54.5% 21.63 2.8%

Mutual Funds 35,233.00 0.98% 148.00 74.1% -- 9.3%

Pharmaceuticals 455,561.00 1.45% 1891.00 31.5% 19.68 1.9%

Engineering 197,367.00 1.79% 3569.00 29.4% 23.10 1.8%

Cement 159,929.00 0.06% 466.00 -16.6% 35.42 1.9%

Fuel & Power 387,654.00 1.66% 1992.00 58.7% 12.93 4.6%

Service & Real Est. 23,909.00 1.37% 492.00 13.4% 22.23 1.7%

Food & Allied 237,132.00 -0.06% 547.00 32.8% 24.44 1.9%

IT 12,419.00 0.57% 363.00 46.4% 34.01 2.7%

Textile 113,135.00 2.46% 2559.00 44.7% 20.49 3.7%

Travel & Leisure 26,739.00 -0.23% 569.00 38.4% 42.19 3.6%

Ceramic 26,499.00 0.98% 203.00 70.6% 31.23 3.8%

Telecomm. 411,057.00 -0.51% 172.00 19.4% 17.82 2.8%

Tannery 27,600.00 0.12% 143.00 17.2% 17.64 1.9%

Paper & Printing 1,666.00 2.31% 20.00 11.1% n/a 1.0%

Insurance 85,639.00 2.25% 370.00 121.6% 30.56 3.3%

Miscellaneous 104,318.00 0.99% 1089.00 9.7% 26.37 1.7%

Jute 1,102.00 -1.22% 21.00 75.0% 348.69 0.4%

Total 3,557,083.00 - - - 16.69 -

TMCAP-Today’s Market Capitalization Turnover-Today’s Turnover, PE-Price Earnings Ratio

USD AUD GBP EURO

Exchange Rates (BDT) 78.70 57.88 95.73 83.23

Top 10 Traded Shares (DSE) TCP (BDT) YCP (BDT) % Δ in Price TT (BDT

mn) YT (BDT

mn) % Δ in

Turnover Total MCAP (USD mn)

BEXIMCO 33.3 32.7 1.8 645.6 694.25 -7.0% 26468

BBS 56.8 54.8 3.7 488.7 231.08 111.5% 6622

APOLOISPAT 22.9 21.9 4.6 422.9 303.38 39.4% 8111

IFADAUTOS 116.1 113.3 2.5 365.87 275.69 32.7% 18051

LANKABAFIN 41.2 38.5 7.0 341.99 189.98 80.0% 11402

UNIQUEHRL 57.8 57.8 0.0 336.03 145.48 131.0% 17016

OAL 28.6 26.9 6.3 318.35 122.41 160.1% 4007

DESCO 54.2 51.4 5.5 312.66 155.17 101.5% 21548

KEYACOSMET 14.2 13.5 5.2 307.43 144.49 112.8% 11858

DOREENPWR 117.8 113.4 3.9 297.56 108.3 174.8% 11309

TCP– Today’s close price, YCP-Yesterday’s close price, TT-Today’s Turnover, YT– Yesterday’s Turnover, Total MCAP-Total Market capitalization

Top 10 Gainers (DSE) TCP (BDT) YCP (BDT) % Δ in Price TT (BDT

mn) YT (BDT

mn) % Δ in

Turnover Total MCAP

(USD mn)

DULAMIACOT 10.1 9.2 9.78 0.35 0.35 0.0% 76

PTL 22.6 20.6 9.71 127.29 72.37 75.9% 2651

GBBPOWER 22.7 20.7 9.66 176.97 30.33 483.5% 2201

ALLTEX 14.8 13.5 9.63 4.24 3.68 15.2% 828

TOSRIFA 22.8 20.8 9.62 39.81 33.93 17.3% 1440

KPPL 9.2 8.4 9.52 3.37 1.87 80.2% 672

SIMTEX 25.6 23.4 9.40 38.69 21.39 80.9% 1534

MERCINS 18.9 17.4 8.62 30.96 4.51 586.5% 815

PRIMETEX 25.4 23.4 8.55 46.52 16.11 188.8% 970

ISLAMIINS 23.6 21.8 8.26 26.06 5.15 406.0% 728

TCP– Today’s close price, YCP-Yesterday’s close price, TT-Today’s Turnover, YT– Yesterday’s Turnover, Total MCAP-Total Market capitalization

Top 10 Losers (DSE) TCP (BDT) YCP (BDT) % Δ in Price TT (BDT

mn) YT (BDT

mn) % Δ in

Turnover Total MCAP (USD mn)

IMAMBUTTON 17.30 19.00 -8.95 1.17 0.62 0.89 133.21

STANDARINS 17.20 18.00 -4.44 0.47 0.43 0.09 559.51

EBLNRBMF 6.90 7.20 -4.17 3.59 0.47 6.64 1291.14

ZEALBANGLA 37.60 39.10 -3.84 0.80 0.33 1.42 225.60

USMANIAGL 96.20 99.50 -3.32 5.27 18.93 -0.72 1384.24

RANFOUNDRY 135.30 139.80 -3.22 28.60 46.41 -0.38 1353.00

MEGHNAPET 9.40 9.70 -3.09 0.45 0.58 -0.22 112.80

PENINSULA 37.40 38.50 -2.86 216.98 250.91 -0.14 4438.14

CONFIDCEM 131.90 135.50 -2.66 200.83 320.83 -0.37 5934.65

AMBEEPHA 417.50 428.20 -2.50 7.27 4.41 0.65 1002.00

TCP– Today’s close price, YCP-Yesterday’s close price, TT-Today’s Turnover, YT– Yesterday’s Turnover, Total MCAP-Total Market capitalization

S&P 500 FTSE 100 NIKKEI 225 HANG SENG BSE

World market 2,268.90 7,268.30 19,301.44 22,744.85 26,899.56

Sector Wise Market Capitalization (DSE)

Disclaimer: This report has been prepared by Green Delta Capital Limited (GDCL). and is provided for information purposes. It is not,

under any circumstances, to be used or considered as an offer to sell, or a solicitation of any offer to buy. Reasonable care has been taken to

ensure that the information is not untrue and misleading. GDCL makes no representation or warranty as to the accuracy or completeness of

such information. All opinions and estimates included in this report constitute our judgment as of this date and are subject to change without

notice

Macro News

Bridges Div requests cut in allocation for current FY

The builders of high-priority Padma Multipurpose Bridge are unable to spend its budgetary allocations for this

fiscal as it had a surfeit of funds against a slow execution performance, officials said. As such, the Bridges

Division has requested the Planning Commission (PC) to trim down the funds by 21 per cent to Tk 47.74 billion

from the allocated Tk 60.26 billion in the Annual Development Programme (ADP) for the fiscal year (FY) 2016-

17. "We will not require the entire Tk 60.26-billion allocations in the current fiscal as we will fall short of target

from the earmarked project work this year. So, we have sought lower funds in the upcoming revised ADP,"

said a senior Bridges Division official. A PC official said they had recently received the request for lower fund

requirements from the Bridges Division for the ongoing Padma Bridge project in the under-preparation revised

ADP. The fund cut is likely to be reflected in the upcoming revised ADP for the current fiscal, likely to be final-

ised by next month (February).

BPDB inks deal to buy 200MW solar power

The state-run BPDB inked a deal with Southern Solar Power Ltd (SSPL) to purchase around 200 megawatt

(MW) of solar electricity. The Bangladesh Power Development Board (BPDB) will purchase the electricity from

SSPL for 20 years on 'no electricity, no payment basis' under the agreement. The tariff has been fixed at US 17

cents per unit (1 kilowatt-hour). The SSPL would build the solar-based power plant at Teknaf in Cox's Bazar

within next 18 months. There is no 'capacity payment' to the plant sponsor if BPDB does not purchase electrici-

ty from the plant. Currently, the power board has to pay the capacity charge to the sponsors of oil-fired rental

and quick-rental power plants even if it does not purchase electricity from them. At present, some 434 MW of

renewable electricity was being generated in the country. Approvals to build more solar electricity plants with

300 MW of capacity have already been awarded.

Bandwidth use doubles in 2016

The use of bandwidth in Bangladesh more than doubled year-on-year to 380 gigabits per second in 2016,

driven by local contents and expansion of 3G services. The number of internet users was 5.41 crore at the end

of 2015, which rose to 6.68 crore in September 2016, according to data from Bangladesh Telecommunication

Regulatory Commission or BTRC. The Internet Service Providers Association of Bangladesh said the bandwidth

used at the end of 2016 was no less than 400gbps. The use of bandwidth increased at a time when Bangla-

desh is experiencing a slow internet connection because of breakdowns in three Indian undersea cables. On

January 4, the connection of India's Tata Indicom Cable was the latest to go out of order, which provides

around half of the internet bandwidth that comes from India to Bangladesh. However, the industry experts

said the data growth is much lower than the expectation, as many people use the internet for non-productive

purposes.

Sector News

Insurance

EASTERNINS

ARGUS Credit Rating Services Limited (ACRSL) has announced the CPA (Claim Paying Ability) rating of the

Company as "AA+" for long term and "ST-2" for short term in consideration of financials of the Company up to

December 31, 2015 (audited), Q3FY16 (unaudited) and other relevant quantitative as well as qualitative infor-

mation up to the date of rating declaration.

Fuel & Power

SPCL

The Company has informed that Southern Solar Power Limited has signed a project agreement with Bangla-

desh Power Development Board (BPDB) for 200 MW Grid Tied Solar Park in Bangladesh on January 09, 2017.

As per initial MOU, Midland Power Co. Ltd. (an association of Shajibazar Power Co. Ltd.) will be the local

partner of this project by subscribing 20% Equity. After implementation and start of commercial operation of

the said project, there shall have prospective impact on the profitability of SPCL.

Engineering

BENGALWTL

The Company has informed that as per the Judgment and Order, passed by the Hon'ble High Court Division of

the Supreme Court of Bangladesh, on December 05, 2016 and decided by the Boards of Directors of both the

Transferor (Bengal Petrochem and Synthetic Textiles Limited) and the Transferee (Bengal Windsor Thermo-

plastics Limited) Companies, the certified copy of the said Judgment and Order have been filed to the Regis-

trar of the Joint Stock Companies and Firms on 01 January 2017, which will be considered as the effective

date of the scheme of amalgamation of Bengal Petrochem and Synthetic Textiles Limited with the Bengal

Windsor Thermoplastics Limited.