Sl. No Focus on Bulletin Sources

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1 Todays Capital Market News Clippings August 2, 2016 Sl. No Focus on Bulletin Sources Page No. 1 Stressed loans still a major risk to banking The dailystar 2 2 MCCI, textile millers criticise proposal of gas price hike The dailystar 3 3 Regulator warns insurers on spending overruns The dailystar 4 4 IDLC Finance's profit rises 8pc The dailystar Daily bonikbarta 7 6 arthosuchak 8 7! " #$: #%&' ' ( ) sharebazarnews 9 8 *+,* *- sharebazarnews 9 9.#%/- 0-1* Daily bonikbarta /# 5 (6% #& 1* Daily bonikbarta * 78-*9-1* $ + :; 1* Daily bonikbarta < => =?#* sharebazarnews 13 13? $ *@ AB C *- Daily janakantha D +2 1* % 2+ Daily prothom-alo Stocks edge higher after volatile trading The financialexpress 15 16? + - E' >' sharenews > ' * %F, arthosuchak G#H I 2+ ( 4' * * Daily janakantha AB <F*: => Daily prothom-alo '% -D$J* #= "* J*' arthosuchak ==8-* K$ *+ 1* 1 " arthosuchak L M 88 ND sharebazarnews O * 4 $ P* Daily janakantha 20 Page 1 of 21

2 1 Stressed loans still a major risk to banking The dailystar BB unveils Financial Stability Report The banking system appeared to be stable and resilient last year but loan quality remained a concern, the central bank said in its Financial Stability Report yesterday. Though the gross nonperforming loan ratio decreased in 2015, concerns over the asset quality remained prevalent, as a significant amount of stressed assets was rescheduled and restructured during this period, the 2015 report said. The gross NPL ratio declined to 8.8 percent in 2015 from 9.7 percent in 2014, while the net NPL ratio remained at 4.2 percent, according to the report, which was unveiled by Bangladesh Bank Governor Fazle Kabir. The banks in 2015 rescheduled and restructured a total of Tk 29,410 crore of loans, which helped bring down the overall default loan figure. At present, the rescheduled loans constitute a significant portion of the banks' total loan portfolio. In 2015, Tk 26,093 crore in loans was rescheduled, which was 4.5 percent of the total outstanding loans. From 2014 to 2015, the total amount of rescheduled loans shot up 50.1 percent in spite of the availability of large loan restructuring facilities. In 2015, besides normal rescheduling the central bank gave loan restructuring facility to large borrowers. Some Tk 16,410 crore of large loans were restructured, which is 2.8 percent of the total outstanding loans. Though the required loan-loss provision of the banks as percentage of loans outstanding declined, a substantial shortfall in provision of state-owned commercial banks affected the banking industry's maintained-to-required provision ratio adversely. While private banks performed better in terms of asset quality, capital adequacy and profitability, state-owned banks were lagging behind the industry average. This gave rise to stability concerns to the industry and thereby necessitates for stringent and prudent supervision, according to the report. The credit growth was higher in 2015 than in the previous year. Banks continued to invest a sizable portion of their portfolio in safer liquid instruments such as government securities, the report said. To make our banking system more efficient and investment-friendly, the effort to reduce default loans is ongoing, said Kabir while unveiling the report. For this, the internal risk management of the banks has to be intensified. To intensify monitoring, a Central Database for Large Credit or CDLC has been established, Kabir said. Page 2 of 21

3 Bangladesh Bank Deputy Governor SK Sur Chowdhury said one of the highlights of 2015 is the initiation of banking sector's move toward BASEL III capital and liquidity frameworks under the supervision of the central bank. It is hoped that the transition will help strengthen the capital base and liquidity position of banks and provide adequate resilience in the face of any unexpected instability threats, he said. Another important development was the decline in gross NPL ratio in the banking industry and the increase in banks' profitability. The BB deputy governor said considerable stress in asset quality in the form of rescheduled and restructured loans remains a concern. In this context, BB has established a CDLC for early identification of vulnerabilities of large non-financial corporate and examining remedies in case of their defaults. 2 MCCI, textile millers criticise proposal of gas price hike The dailystar Gas price hike will leave a negative impact on businesses as such a move will raise the cost of doing business, a leading chamber said yesterday. The cost of transportation, production and electricity as well as overall food prices will increase with the gas price hike, said the Metropolitan Chamber of Commerce and Industry (MCCI) in a statement. The unplanned gas price hike will also negatively impact productivity and export of garment products, which will erode the country's competitiveness in the global apparel market. Bangladesh Energy Regulatory Commission (BERC) increased gas prices by percent in September last year, and any further hike within one year goes against the laws of the commission, the chamber said. According to a proposal of state-owned Titas Gas Transmission & Distribution Company Ltd, the price of gas for household use should be raised 140 percent to Tk 16.8 per cubic metre. MCCI also suggested the government should increase the use of alternative energy to reduce dependence on natural gas. It is not possible to deal with the challenges of a gas crisis only by increasing gas prices, the chamber said. The crisis can be eased to some extent by fixing the problems by introducing a metre-based billing system, stopping illegal gas connections and reducing illegal gas bills, the chamber added. The MCCI thinks the price hike is irrelevant and illogical. Meanwhile, leaders of Bangladesh Textile Mills Association (BTMA) also opposed the proposal of gas price hike, saying the textiles sector has been going through a rough patch due to volatile cotton prices, the Gulshan terror attack and higher cost of production. The proposed 130 percent hike in gas prices for captive power plants will increase the cost of production, they said. Page 3 of 21

4 The BTMA leaders expressed concern over the proposed gas price hike at a meeting with Mirza Azam, state minister for textiles and jute, at his secretariat in Dhaka on Sunday. The proposed hike in gas prices for captive power plants, which the spinners use to ensure uninterrupted supply of electricity, will badly hurt the sector, said Fazlul Haque, vice president of BTMA. The hike will take the price of gas to Tk per cubic metre from Tk 8.36 now. The government had already raised the price of gas for captive power plants as recently as September last year from Tk 4.36 per cubic metre to the current rate. The sector has also been facing a downward price pressure of yarn and fabrics, volatile cotton markets and the negative impact of the Gulshan terror attack on the garment sector, he said. Recently, the Indian government announced a package worth $900 million for employment generation and promotion of export in the textile and apparel sector, he said. The package has been launched to improve labour working conditions, give a 25 percent investment subsidy and an income tax waiver to garment makers, he added. India has disbursed $3.5 billion in funds for factory upgrades between 2000 and Regulator warns insurers on spending overruns The dailystar The insurance regulator has found that 40 non-life insurers have breached their respective limits on management expenses for the last seven years. Of the country's 45 non-life or general insurers, 40 overshot their management expenses by about Tk 800 crore, according to the Insurance Development and Regulatory Authority or IDRA. Earlier, 30 life insurers were found to have indulged in over-expenditure of Tk 2,064 crore in the last seven years. We have failed to bring down the management expenses by moral persuasion. We will now take action against the violators, said a senior IDRA official. About the actions to be taken, the official hinted that the IDRA may impose restrictions on the insurers' management expenses until overspending could be made up. The Anti-Corruption Commission has already taken up the issue of life insurers and launched an investigation into allegations that the companies embezzled more than Tk 2,000 crore in the name of management expenses. We have started an inquiry into the allegation of excess expenses. We have taken information on these insurers from the IDRA recently, said an ACC official. Page 4 of 21

5 Management expenses are all charges incurred, whether directly or indirectly, according to insurance laws. It includes commission payments of all kinds and any amount of expenses capitalised. This includes office management and branch expansion expenses. On average, it is capped at 97.5 percent of first-year premiums, and if the company has been in operation for 10 years, it is 90 percent. It is calculated as a percentage of the premium (first-year and regular premium) and the size of the business. No company is allowed to exceed the expenditure ceiling in any calendar year. But insurers in Bangladesh hardly follow the rule on expenses as the companies know they will be fined nominally for violation. An insurer will be fined a maximum of Tk 5 lakh for violation of rules pertaining to management spending, no matter how big the additional expenditure is, according to the Insurance Act IDRA data shows 30 life insurers, including some new entrants in 2013, spent Tk 2,064 crore in excess as management costs in the seven years to If the insurance regulator imposes fine at the highest ceiling (Tk 5 lakh each), the total amount would stand at a meagre Tk 1.5 crore. Similarly, 40 non-life insurers were blamed for nearly Tk 800 crore of over expenditure during the period. By imposing fine, the IDRA can collect a maximum of Tk 2 crore from these companies. Over-expenditure was a practice in India too, but the regulator imposed vigorous punishment a few years ago. Now, if the limit was breached by insurers in India, the excess amount would come out of the shareholders' account. IDRA data shows new life insurers that came into the market in 2013 spent the most: Guardian Life Insurance, Chartered Life Insurance, Swadesh Life Insurance and Alpha Life Insurance over-spent by 150 percent to 300 percent. Six other life insurers spent at least 100 percent more than their allowable ceiling for management expenses. According to industry players, life insurance companies, especially in the first five years of their existence, have higher cost per head due to expansion of business, recruitment of staff, new branch opening and marketing. But the insurance companies that have been around for 10 to 20 years now are spending much higher than their limits. Even state-run Jiban Bima Corporation spent nearly Tk 277 crore more than its allowable management expenses in the seven years to First generation insurance companies that have been doing business for over two decades were also found to have overshot their expenditure limit. Page 5 of 21

6 For example, Popular Life's over expenditure was more than Tk 293 crore in the last seven years, Fareast Life's Tk 200 crore, Golden Life's Tk 156 crore, Pragati Life's Tk 147 crore and Sandhani Life's Tk 156 crore. BM Yousuf Ali, managing director of Popular Life Insurance, said management expenses have been declining for them and some other companies in recent years. Popular Life's excess management cost has come down to 9 percent in 2015 from 12 percent and 18 percent in 2014 and 2013 respectively, he said. It was 31 percent in The cost will be brought down to the allowable limit in five years as per IDRA guideline, Ali said, adding that the credit goes to the regulator that has been persuading insurers to effectively use the policyholders' money. He, however, questioned the calculation of the additional management spending. Our investments with the central bank (bonds) and other commercial banks are kept out in measuring the management expenses. If it is included in the calculation, insurers' management costs will come down significantly, said Ali. Also, there are some companies that keep their management expenses within the limit of the law. For example, in the non-life category, Reliance Insurance and Asia Pacific Insurance spent Tk 2.56 crore and Tk 2.41 crore less than their total allowable limits in the seven-year period. In the life insurance segment, MetLife spent nearly Tk 28 crore less than its limit during the period. 4 IDLC Finance's profit rises 8pc The dailystar Net profit of IDLC Finance rose 8 percent year-on-year to Tk 88.2 crore in January-June thanks to a rise in deposit and lending. IDLC said it continues to be a strong operator in the small and medium enterprise's segment and experienced 19 percent year-on-year growth in the sector during the period. Corporate and consumer financing, two other major business segments of the company, also experienced notable growth. Despite challenges, the company has been growing continuously in 2016, Arif Khan, managing director of IDLC Finance, said while announcing the half-yearly results at a press briefing in Dhaka on Sunday. While the SME segment posted the highest amount of growth in the loan book, all our business segments enjoyed a good half-year. We continue to be very vigilant about the quality of our portfolio and have been able to moderately decrease the NPL ratio to 3.01 percent at the end of June, compared to 3.06 percent at the end of December last year, he said. Page 6 of 21

7 IDLC got 3,726 new customers and the customer assets portfolio grew 10 percent year-on-year to Tk crore in the January-June period of Operating profit increased 14 percent year-on-year and stood at Tk crore at the end of June. It opened four new branches during the first half, while relocated two of its major operations to bigger and better premises -- one in Gulshan and another in Dilkusha commercial area. Khan said they started a new company named IDLC Asset Management, which is expected to further strengthen the capital market operations along with two other existing subsidiaries -- IDLC Investments and IDLC Securities. IDLC Asset Management will carry out the business of asset management, primarily through launching and managing mutual funds to cater for the diverse needs of investors. It also aims to facilitate alternative investments in terms of private equity and venture capitals in future. Khan said: We remain optimistic about the macro economic outlook and want to make sure that we are well-positioned to take full advantage of the economic prosperity, especially in the SME segment. IDLC was listed on the stockmarket in Each IDLC share was traded between Tk 58.6 and Tk 59.7 on the Dhaka Stock Exchange yesterday before closing at Tk 59. Sponsors own a percent stake in IDLC, institutional investors percent, foreign investors 3.44 percent and the general public percent Daily bonikbarta > S* T'*, ' U " *@* 8 V + 1 * - K */ #$ # = & D X *+ 4 & * $*, ' U D =/ 2) 4 > 1 %F Z K =+ K > V =* [ \* *+ [ \* > ' G + V- */ #$ *+ >-* (V ) _` >* * *@ */ #$ * #$ D > ' K B) > ' \*\* * # $- 1 * V %F 4 # 0 >, *@ D > >`4- D =/ a# $ *+ $ a K V, #b > * *@ *% *\ K$ * =a 4 #, > ' = 1 / */ c# * ' U >, *@ >`4- > 4+ =bh c#, * 4 < % > c- d$b D $e fgh Page 7 of 21

8 V, i ##.#*- =*H Z-, ' j * 1 > ' U " *@? kl$ *$*$ ##.# $K%* %F m ## % #.# * 4 * T'*, ' +, ns* ' U " o1 a " ## `- * = p m )?q-3, %F, *E* `- a > /a 2 + $, -, <U,, > >,, V#% a 4 <* ;; <V, + = m *- *, r/ + :6s( ;tt * u6 / $a #- :u * t6 / % * "* =Mv *%F *@ 1- * 4 * + *@ (66 * * % * = V *, 1 i a * *# ( =) % >4, * - > >)* *' *+ p m #*- ' U >`4 * <$- 'a / */ #$ *+ V * > 4+, > =/ ' swu; F*, swx: Z- * # $- *@ swyw ' *%F 4 $ s 4' * * <% K #- = #K K :t * xy / * '$ (;u * s: / * $D 4 + 4o :6 1 1 *@ + D > (#=) + : * :u # * uw 1 = F-#* 4 a (s * *+ =,* *- 4 :6 * ;( a K *- 4 + * :x * yu arthosuchak > a 1 * 8 a >`4 /+ ' 2 4 # > * * 8* a - 4 V <%, [ \* a ** - 8= 8%V >`4 * ' 'K- z% = [ \* <%, 4 [ \* B) <% >-? K =* K #\ 1- *A$#b V m * * > * *- # * / / ' a K ** + K 1 * > * >`4 / >+ *$F :6s: =* \ >%,* > >`4 * ' a \ s6 # * (' =) > * ' 4.*- 8* a %- *) K* '+ >a =* + > {* > =* K 8* a - ' '% V b* > } * * :6s; %F Z # 8 #Z - 4 > V b* > >`4 * ' r/, 1 b 2 <1 < ~ $ :66 ' + = <K$* < ~ <* + - * %F 4 } = >a s 4' t66 '# #a $ >- s6 +a #% ' *' 4 / 4 2, > *+% [ * % Page 8 of 21

9 K H#% ' g 4+ 1 * s6 ' + S-# $G- = ' 1 * *@ 8 ( ==) = *+ 7! " #$: #%&' ' ( ) sharebazarnews #%&' '.#- / K 2+ ) *+ *9 1* *A$#b 1 1* *! " #$ <%-, :6s;-s( <$ + % # $ :6s(-su <$ + #%&' '.#- *@f K 2+ >$* / c- * = #%&' ', [ * % #c, b% 5 *-, a >$* c <` 1 1* #$ b * * 4 #$ #%&' ' #& ) * 1 1* K =*.#- / < 2 +2 * c- * D \ > #$ K #%&' ' {* "* =Mv (8=) $* * > + % ;.y 1 *+ = 1 ' K t.s1 *+ \ > ' K # 2 K * # $ =a K 2-* - # $- 4 #$ b \ > = ## ' K [* <%#a r/ * # $ N =*, #%&' ' ' K.#- / K :6s; <$ + % (.( 1 2 ;x.x 1 * (t.: 1 4+ <$., ' *%F.#- *@f < ' K (t.: 1 = ## ' 2 #-a # 2 s;.( * s(.: *+,* *- sharebazarnews,* *- I V 4 \+ ' #%&' ' B) *- K K- K- d g *+ = K 4*,* *- '%/- 4+ ' I *$I >'* * 2+ *+ ' 1 = V =*K* $ 1* a J*' 4' l$ *$*$ * ',,* *- K I ˆ* / D * ' I # 2 # * N+ =*, 4 - *$ K ' {* "* =Mv (8=) * l$%/- D 4 = g * -# *a D * N%2 I # N%2 &2 ' * ## 2+ <K*1 *@ * <1* > % *+% *+ >' D 8= 4+ txx * * D 8= J8 8M > y # 2 < c *+ ;(tt # > 8= 4 * ; # 2 < c *+ ssst # = 1 8= * ; # 2 < c *+ sxx; # 4a t:u *@ K 2+ stw, *+ st; = 1 <# $ + (t > D 4+ txx * x: / xt 4' * = > *$ <$. 8= J8 8M > s: # * < c * ;(:( # > 8= 4 * : # * < c * ss6w # = 1 8= t6 * s # * < c * sxx6 # > a 4+ (6: * w( / :( 4' * 4 >' 8= *+ s:u * :: / (: 4' * tt.;s 1 Page 9 of 21

10 =*, D _` "* =Mv (=) K * :6 # 2 < c *+ y;w: # 4a :(: *@ a % K 2+ s:u, *+ w( = 1 <# $ + ts > D 4+ :: * ;w / us 4' * 9.#%/- 0-1* Daily bonikbarta / = K 4 4 # 4 / = #?q a *AD > 3 4 ; * t Š #E *# ( #) +, =* + = AB 4 uu 1 1** = * 01 # <%-, :6st-s; <$ (; / y; 4' wuu = K s / ty 4' x( # <$ * &2 (t / :s 4' ;:t a 3 4 *a 2 0 :6s;-s( <$ : / t6 4' (:6 <$q =* uu * s; 1.#%/ ' '-?q.#, -. m 0 '- #.# = 1 A-. 2) # #* = 0 K >+ [ #*, i, #, "* a 01 +, 3 4 AB * 1* <* */ >+, 1 #} * *+ 8' a $ < 4 4 [ #* 0 = 0 a <* S* c# *+ [ #* 0 * 1\ '== 4# 4% 4 / * $*, AB * 4 # *0 4 = 4 * <* 0 1 #}.# / * *+ > S* c# *+, a =/ S* } *- * #*f #' '% 1 < (' a) Š * m # K* # 2* 4 X * + = *- * #*f #* 4 2+ ' a 4 * #* * 1\ 1 '% < ( '==) = * /, # 2*' # 4 K* * * #* ' a 4 2+ * ##.# 2+ d * 2+ ' a 4 1* * < = K >* 0 4 "* = 0 *# 'd?q.# 3 4 4} >.#%/- 0.# 2+, d * f < -1 < # =*? > %, #* 4 2a *+% * a 3 4 *+ ' #+ 1* AB * 1 "* f8 % *$ < =M#$$ < ( #'==) # ', "* 0 # s * "* #.# 3 4 #* 4 2+ % 1 #a } *Œ.# < 4 / ' * = > 2 * =* AB # =/ > st6 1 2 #*0 + 4 > 2 =* 2 * *+ * / F +, * a n * 3 * a * # bh K 4 K$ 4 * 4 / * / 4 / 4 Page 10 of 21

11 1 M < ( ==) 4# '% 4*, / *#?.*9 3 a / j 4 > * *0 2 <* Ž 4 a >C *+ ts '% == 2 4, ' a # - V bq * = 2 4, D 4b# 2 * * *+ E# < *$ < Ua (=>), #c 2 4 <$* AB bh <) 4 &2 # #E 1 <%-,.# 4} : 4' xsx N % = # ' N % = 4 N *+ t66 N % :u bh K :s * = %4$ S * 4} 10 /# 5 (6% #& 1* Daily bonikbarta + 8 D (u 1* /# 5 # + (s 4' txs * * = ;w * w 1 ZS #& 1* 1*f 4 -, <`-, ', * a *AD 1* 1 1*! " #$- :6s( * = ' + * $ ' * *9-1* '4V- > n *b = 2* * <%-, /# 5 u; 1 4 s6 1* = K + ZS 1* * 1* * a =* - /# 5 -D$ * ZS 1*f 4 -, <`-, ', #-, * a *AD 1* # * * /# 5 -D$ * * 1* 4 -, a 1* = * * =*H - 1* 4} 1* < #* 2* <%, $,! " #$ 1 `* >$* / c- a b H % K ## 1* a >$*,f *$I * * = >$* / *A, >$*,f K f, ˆ%&* c# a $*f D * 4+, 1*1 c* > b a Ž * /# 5 * < 4 + m 1LA 2 b 2 <C ( A4C) 5f '* <K* ' a *\ B * b *9-1* A4C 5 1 a (8=) c# * 4+ =' 1*f ˆ%&* c#* > ' * #$ <%-, :6s;-= :6s( 1*1 / /# 5 *+ :6s; 1*1 / /# 5 + * 5 w * x 1 :6s( * y * y 1 &2+ /# 5 * #+ a 4'* /# 5 * /+ :6s( D % K #% # /# 5 #% a #%$\ * * #a 1*1 / < (*%5) /# 5 '* #$ #&++ /# 5 y; * u 1 *%5 # 4+ = # 2 ;; 4' * * :6s; D *%5 + tw 4' * *, + /# 5 xx * y 1 =* + K *% ; 4' * * =+2 :6s; /# 5 K 5 + ss 1 a 4'* 5 + ss * : 1 :6s( a 4'* /# 5 * 4 y * w 1 a u * ( 1 1 1* <%-, /# 5 bh, 4'* a = #$ + <$q $D K# /# 5* b'* K 4 = 5 > j =* b- = 1* 4 a =' = 5 #- 1*f* / 4 <? #$ K 4'* 5 (6 1 a 5 :6 1 / 4 Page 11 of 21

12 <%-, :6s;-= :6s( /# 5 #% 2+ (6 1 = #% 4+ ˆ%&*S* 5f = 4 :y 1 = 4a 5 2 ; 1 a <P-*A 5 ( 1 #% 4+ :6s; *A 5 t * ; 1, <P-*A 5 t * y 1 a ˆ%&*S* 5 :( * w 1 #% % K * 4+ :6s( D % K 2 5`4- ((66 * * ) /# 5 #%$\ % K 4 a % K *' 1*1 / su 4' ;66 * * 5 #%$\ K * 4+ = Ka ˆ%&*S* 5 <1 + = 4 sx * ; 1, *A 5 : * y 1 a <P-*A 5 t * s 1 /, (u 1* :t 1* -D$ 5`4- #%$\ % K = K sx *, ZS #& a =* - 1* * 1*f $e xt * y 1 #%$\ % K + > ZS 1*f + :u * : 1 <%-, $* 1*1 t: * (6 1 ZS -, ', <`- a #- 1*4 #& 1* *9-4 #2+ > s6 1* <%* *9-4a # ;u * :6 1 = s6 1* K ZS 1* a + * 1* 5ˆ%&** 1*1 / K ˆ%&* 4 4+, * yu * ( 5 ˆ%&* c#h%f f * 4+ $ ' * S a KG b` 4 = > ' 1* a >$*, K $4- >š ', Š* 4+, * #c * + $ #% $ ' 1*f* = > 4 1*f '* B 4 (=>) * #% $ / * 4 = 8#% $ = * % K%-, b` 4 ' 1*f /% =* $ 4 <%, v ' # >r4 * *', 2 5`4- <%* 5 *9- = / ' #œ* 4 # = * 'g 1 1* = K = K 5 1 a (8=) % *+ r/ *, ' 8 ('== ) \ K 8= #$*A?$` 5f 1 * # <%, 1 1* 8#% $, #, $4- #*, 1 4 c#*4 '* 1* a >$*, K $4- #c + V, :6s( 8 1*1 / /# 5 # (s 4' txs * * *a # $- AB # (w 4' ;ss * * &2+ > /# 4a # > j * =* ;s 4' :tx * * 5 < # * 4 + $ D /# 5 # s / u 4' ;y * *, *A 5 w * w: 1 = 1*f *A 5 # ( / wy 4' (;y * * = D <`- 1* ' / * $*, ZS 1*f /# 5 -N$ A - 1* 4- *$ *C *1 * 1* *C # ZS 1*f <* *$ 4+ % * Š* * 1*f 2 K * 5 ' 4 #% *A 2 5f % * /# 4 } = * * 1*f* > ˆ 4} * 78-*9- *9-1* $ + :; 1* Daily bonikbarta 1* > a 5 %4 K 78 ( 1 > :; 1* *\ $ + 1 1* :s '% *9-1* * \ s( K 78 ( 1 > 4+ 1*f* *Œ *9-1* $ #b *+ 1*f Page 12 of 21

13 1 1* t6 '% 4 <%-, ZS s, - u a * sx 1* 78 ( 1 # + = K $e w * :( * J* 1* = # + - "8$ $8$ 1* 1* 78 # w * :; 1 '% 78 #$ * /, 1*f % '% 78 * ( 1 * ; * y( 1 &2+ = K ZS 1* ; * :t 1, D 1* s * w 1, - 1* u * y6 1 = 1 * 1* ; * wu ZS 1*f K =*H <`- 1* 78 ( * :y *f K "8$$8$, " 1* <, 1* ==, *$ 1* <, a 1* a == 1* 78 + ( 1 # * 1*f K =# ž #A, u * ; 78 + J* 1* 1* > %4 t * yx 1 = 1 5 %4 st * s: 1 <$q 78 # w * :( 1 = a 1* 78 # + I w * (u 1 a w * ;y 1 =+2 * 8Ÿ- 1, a, =,, >= >, # -, S, "$,, E" a 1* = 78 ( 1 # + % 1*f K K%, N,, => *$ a => 1* 78 + ( 1 - # = D 1 1* * $ 8. 4 >4 * $*, 1*f > % 4 *? /'*, < a <`4 K$ > * *1 < 1* ' /, % 4 * 4} 1*f =* * >+; *' * > % 4 *}, 1 1* * 78 * ' 1*f* \ 1 =bh 1*f* # /, T / a *%5 * K * 4 =f * *" *, *" < * a % # 2 > % 4 } * =f * # 1 1* 4 $ 1*f gb *\ c '% D 1*f > 2 %4 ( * (; 1 = 1 5 %4 s6 * tw 1 &2+ I ( * ux 1 a s6 * (x < => =? #* sharebazarnews ND +2 : * tu / * I * + #%&' ' *%F 1*? #* = K *@ ' (< ) 8. ' 4* w / tu 4' s * sx / * a F #* >? >a # w / ;6 4' s * sy / * ' *K- I *+ {* "* =Mv (8=) "1 f t;(s) K <%-, *@ * #* *- "* =Mv *A$#b K K *- ' 4 =* = I #* M >* <8$!, swy; (t(=) Ka =Mv *A$#b* ' I K #* ' *' * * < + = * *- > =Mv *A$#b* ' 4 *Œ ' I < \a *@ *A$#b = <* > } *@ a a #* *+ < K I V ' * * 4a * ' > =* F 4*- ', 8= * = V \ =+ = ' a a 4+ Page 13 of 21

14 13? $ *@ AB C *- Daily janakantha. #%&' ' c *+ = K S *@a >c / #+ K *- K%, ' = c % *' =* P- % *- d0 K- *@f* N / ' * * \. = 2 #+ * *' I 4 + *- *- ˆ ) + ' D / +, {* "* =Mv (8=) %- =* '%2 *+%? $ *@ 2+ 4 = >K# >a #b 4+ 4 D AB * (, = = 1 '8 *) \ =+ '8 * >, = *@f 4Ñ #% %, '% i$, ˆ 1 %,? *, 8!, %8, E i1 = 1 4 %8 =+2 %m% ", * p, ' - %8, "$ * a 2+ **f <$* < c /#, V -N$ 4o * K 1 * 1 *,f =/ '8 * < c *+ = *@ K =* 4 K $e :s.;t 1 : * 2+ #% % u * (6 # 4 D I 4+ y * ;6 # # < c * '% i$ 2+ s6.x; 1 ( * 4 g = (( * 4a 4 D 4 (w * y6 # =* ˆ 1 % w.;t 1 = 1? * 2+ x.uw 1 * * < *@ K 8! u.(w = 1 %8 2+ ;.u( 1 =+2 E i$ t.w6 a 4 %2 2+ :.ty 1 %-, #%&' ' *+% * <#b*a? $ *@ 2+ < = 2 * 1 - #+,f %- #%&' ' *%F * *@ 2 4 a *@ * 1 - * * *Œ *@ bh / } =* #$ a *@ 1 - ' #\ 8= a = *A$#b = ' K 4 * *@ *A$#b D ># * 4 4% =* *-, D * * +2? $ *@ AB */ ' ' / 4 # 1 = > ' # 8* > = >a T > = #c %/%/ 4+ ' =/ *? $ *@ 2 *' >C * 4 * I *' N N} <* = V ' 8= * 8 * '- V * 4, $ <K*1 *@ I- K + = K * *- / *@ * = ## * *@ K 4'* 4 *- 4 a *@ * * #%&' ' > #%&' #S D +2 1* % 2+ Daily prothom-alo ' * 5 #%$\ a D +2 5 #% > + % :6s( 1* / /# 5 *+ :6s( * > ($< <) a K * 4o > ($ < *%)? AB #+ 2+ % #a = /# 5 K /b'* 5 # AB #+ '* = 4 * - (u 1* 4 * *! " #$-:6s( * = #a + :6s( S = *+ 1 1*; f 2), * a 1*f * a 2) * b * } 1 1** :6s( ' 1* ', /# 5 : 4' yt6 * * = 1* *A /# 5 + ; 4' tsy * * = -, ', <`- a #- 1* t 4' t66 * * /# 5 # * = #$ 4+ # * = 5 >2 / * S * 2 K \+ Page 14 of 21

15 1 1* * $ 4 >4 >*, * a# 4 p * =* K #a # = K a# S * * #b#a a 1*f 2) *9-1* * * >%,* = 2* * 1 1* / $, 8#% $4 e#$ *$*$, 1* a >$*, K $4- #c +, :6s( #- > 2+ :6s( #- > 4+ * y 1; :6s; + * x 1 a :6st * w 1 = 4oa % #+ :6s( K #- > 4+ w * ; 1; :6s; + y * s 1 a :6st s6 * x 1 :6s( 1* / /# 5 * 4 *A 5 y * y 1; :6s; + w * x 1 a :6st y * w 1 :6s( 1*f b'* 5 # AB # :6st /# 5 K b'* 5 + xy * x 1, :6s; xx * y 1 :6s( 2 4 y; * u 1 1*f /# 5*, 4'* a b'* = * 4 :6s( 5 #- ' Ga 1b * # 1*f = 1*f ; 4' :y6 * * G 1b $ 4+ :6st 1*f % *+ x 4' :(6 * *, :6s; % 4 u 4' * * a :6s( 2 4 x 4' w:6 * *, :6s( #$) '* / 5 + s / :sx * *; = K /# 4 + y 4' (66 * * *AD / :y 4' :s * K /# 4 + ; 4' u * * #* / xt 4' x(t * * K u 4' s6t * * /# >: 2* <%, $ '*, ˆ%&* c# ' * * *\ ˆ%&* * * 4 /# 5 * * 4 = * ˆ%&* * $ 8#% $ = * % K%-, :6s; :6s( a 1*f 5 *$ + = *+% # * 5 AB N+ *+% 1* 5 *9- *+, % 1*f < c %14 *+ 1 '1 <! *@' < ( == =) ' *, > **,?N$ N+, > $1* #2+ =/ > B *' * 4 1* $4-1\ < < 1*$ 1 (= ) > = /, %, > *' * 4 # $ c# # >r * *', * 5 /# 4 1* 5 c# * 4 = > * a # 15 Stocks edge higher after volatile trading thefinancialexpress Stocks finished marginally higher Monday, after witnessing a mild correction in the previous session, as optimistic investors went on final hour buying spree, especially on large-cap stocks. Brokers said despite volatile trading, few large-cap issues showed steep moves in closing hour, helping the market to finish marginally higher. "The bargain hunters took position on some large-cap issues in the final hour as their respective quarterly Page 15 of 21

16 declarations entered the market," said an analyst at a leading brokerage firm. After witnessing volatility, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,533.71, advancing 8.36 points or 0.18 per cent, over the previous day, as investors went on last hour buying spree. International Leasing Securities, a stockbroker, said, "The market opened with a negative note and showed some volatility during the trading session as investors were active on the both sides of fence". "The stocks reverted to green as the enthusiastic investors went for late hour buying binge on large-cap stocks," said the stockbroker. The two other indices also edged higher. The DS30 index, comprising blue chips, advanced 4.53 points or 0.26 per cent to settle at 1, points. The DSE Shariah Index (DSES) also gained 4.16 points or 0.37 per cent to close at 1, points. "Stocks turned in lackluster performance, following a choppy trading seen throughout the trading session," said LankaBangla Securities, a stockbroker, in its regular market analysis. The stockbroker noted that the nearly flat close by the markets came as investors digested a slew of catalysts, including the latest batch of earnings news, the Bangladesh Bank's monetary policy decision and some mixed economic data. "The investors were also busy with profit taking. The market breadth for the day showed high resilience with 139 winning stocks against 134 losing stocks," said the stockbroker. Turnover, the important indicator of the market, however, fell to Tk 3.78 billion, which was 25 per cent lower than the previous day's one month high value of Tk 5.03 billion. Overall activities remained confined on, fuel and power, engineering and pharmaceuticals sectors, where they captured per cent, per cent and per cent respectively of the day's total turnover. Asian Tiger Capital Partners, an asset management company, said, "The market ended green following mixed activities of the investors amid last hour buoyant participation". "Index fell at the beginning, but recovered in the mid-hour which again went down followed by recovery in the last hour," said the Asian Tiger. The asset management company noted that majority of the sectors have performed positive, among which cement, engineering, fuel and power and NBFI outperformed the market, while the rest underperformed. The large-cap sectors showed mixed performances. Cement sector posted the highest gain of 2.19 per cent riding on Larage Surma Cement, followed by engineering 1.04 per cent, fuel and power 0.37 per cent, NBFIs 0.26 per cent and pharmaceuticals 0.12 per cent. Food and allied witnessed the highest loss of 0.65 per cent, followed by banks 0.39 per cent and telecommunication 0.31 per cent. Page 16 of 21

17 The gainers took a modest lead over the losers as out of 326 issues traded, 139 closed higher, 134 closed lower and 53 remained unchanged on the DSE trading floor. MJL Bangladesh dominated the turnover chart with shares worth nearly Tk 218 million changing hands, followed by CVO Petrochemicals Refinery, Islami Bank, Square Pharmaceuticals and Bangladesh Steel Rerolling Mills. National Feed Mills was the day's best performer, posting a gain of 9.47 per cent, while CVO Petrochemicals Refinery was the worst loser, plunging by 8.62 per cent. The port city bourse Chittagong Stock Exchange (CSE) also ended marginally higher with its Selective Categories Index- CSCX - advancing points to finish at 8,492 points. Gainers beat losers 126 to 95, with 31 issues remaining unchanged on the port city bourse that traded 7.37 million shares and mutual fund units with a value of Tk 225 million. 16? + - E' >' sharenews24? * E' I (-%) >', V (6: >") 1 1* <%, 4 * s6 g 4?#% 2 s: K = = + st '% %*A? + - E' :66 * * <4 -% * 4 u.(; 1 *%# (% ) 4 E' >=>= 8 6wsy6ss6:u = 1 S-$ / :6sy st '% E' -% S* 4 -%*A E' 8*, <4 I 4 # '- 8 d d 8 = 1 % / :6su st '% *: >" #$) <'$ % #K * = #K % -%*A *%# (st/6s/:6sx / #) = V a 4 -%*A ' D$* u.(; 14 *%#/% D * S #K * 4 * H * *' 8 * 1* a >$*,f 8 / * # < 1* a >$*,a ('d / & F/,* *- `4* ') 8 K <* 8 / * # <4 s66 * I ' * a I # r/ * 8 / * 4 V * s6 *?#% 2 s: K ª* I = 8 / * 4 D * #c ' 4 1 # $% #b > % #B 8 / * 17 > ' * %F, arthosuchak. 'K- > * =* * '* =* %F a %F$, > ' * *,,f *+, '* =* a # * B) +- = K, <$* 1* #2 a«a %F / 1\ 1 <«< a«< $ ( ) =' * *+ '- #b# a >š '+ Page 17 of 21

18 # D, > * =* #S, M &* a4 * 'K- > * =* * *,f* '* =* a B) '* =' ** 1 \a a 4 =# #b * = >š * ' 4 ', 8' 1 K %F$ 4 1*, * % U 4 = %F /* 4 * * B#* *Œ %F, %F$ a -*$ * #f 'a '* =* B) 4 /- = / #* j * * = K, bh * +2 a = #b * A4 a #$ -, {* S *#$, {* b *#$, a %F -, '* 4 1 m \ #\ 4+ \ > * =* * %F a %F$ *@f* ' s( %F % K 4 = K r/ 4- '* = B) %F / bha ' 4 = / *- a 2 *@f 4 b% a ˆ-,f 4 # %F *@ 2 K b* *+% 4 * # D 4 > * =* '* =*?. / 4 * = *@ '? K '* =*?. / 4 * = *@ '? K = >a 4, = K,f > a + ' 4, '* =* '* =* <K* 2 a <` ' j =* 1*4 2 2 >$*,f -*$ >, ' 5 = * #f * % '* 2 ' ' <$ / *,f b G#H I 2+ ( 4' * * Daily janakantha :6s(-su <$ + I tt 4' * * <$ + G#H I &2+ tt 4' uyy * * > <$ + =* + 2 :y 4' xtt * * 4 <$ + G#H I 2+ ; 4' w(( * * G#H I 2 * 1* * 5 G#H * K * '- / } 1*f < 4 > % 4 = 1 #%&' ' -N$ * =*% > # G#H * ˆ%&*+ * 1 '- G#H <K 4 /, <$ + (t 4' * * G#H I 4+, > + :( 1 = * > I 4a G#H % = 1 #$ # > K * 4+ sw 4' ;:: * * = 4 I &2+ tt 4' uyy * * * G#H I 4 * > * G#H %-> #K # < * * I 4 * 4 * ' N G#H I K ' *+ * <$ 1`4 * * + G#H I #* z b * } 1* c > a# %4 <* * u 1 =+ = K *- 1* * / # $ 2 % > '- G#H *0 *+ =/ * f % #} K %D ˆ%&* * D = *0 % /+ a #$ ' % G#H e %4 * 1* / D* * ) * * :6su-sx <$ + ' * G#H * sw 4' us6 * * 5 b K+ :6s(-su <$ + ' = b + s( 4' * * I 2 1K ' f 2 :y 4' * * a 4 *Œ <$ + D I a ( 4' uyy * * 2 tt 4' uyy * * #&+ <$ + ' <)- 5 % #K ty 4' :;6 * * / 4+ r/ <1 G#H % #K / 4 :6s(-su <$ + G#H `4* %-> #K :6 4' * * / 4 Page 18 of 21

19 19 AB <F*: => Daily prothom-alo P `4* #$ 2 1 ='$ f * ( >) Š + / *@f AB * = * <1#$ a <F* * E# < *$ < U, {* (=>) $ #c 2 <$* AB bh <) 4 &2 # >C * *+ => ' E# AB > K #% $ *1 $e s( 1 #$) AB ' ** <%K *+ AB D * K / >* = F #\+ E# = 4+, *A* '% * >+ \* 4 X * 4 +2 D 3 #S X * *0 3 # 2 4 A4c4 P F #$ 3 a 4 *- %D a d0 4 # ** /%&' * * => *, K% AB K / v * * j = bh *+% 4, < K 1, <K% # * a Df K * HF AB *a #c %4 * j + > AB * / m P 2 :u * :w 1 2+ =* + *@f AB *+ = > > V <v#$ ) *+ => = > A4c %F `4* P ' N x * * 2 su * y6 #,? $ % * u(6 * * 2 s 4' :66 * * + *@f = +2?..# ~ *# ' ' N y * tu # * AB * sw * :u #, 0 ' N u * x; # * s6 * w( * = 1 '* N w * ;x # * AB * sw * (6 # * / 4+ =' ", */ a?..# ~ a AB + E# < *$ < U +, AB A4-4 # 4 /, '*.# a # / 2 = <#*0 AB [ #*04 < <* / * b* 4 * = +2 = AB :6:s * / # > bh <'$ = 1 e-k > 4 1*, **a K` * * => 20 '% -D$J* #= "* J*' arthosuchak + '% {* "* =Mv (8=) c \ > J* #= "* J*' 8 <$. '% =, < c + A- 8= H = ' + H '+, '% - < c + 1* 1 *' 8 > '%a =* < c + =, '% -D$c * > *' E81 *@ 8 '% A- c > = %$ c + >8= *', #G c + => = *# *$ $, D, c *# *', c = *', < c * J*', c J*' = 1 c + *# -D$ * < J*4'f 4}, = *', *' < $ 8, '1 *', => *', 1* = *', 4' - 1* *', => = *', #= > *',! *' J*' $ 8 = 1 {* 1* *' 8 Page 19 of 21

20 21 ==8-* K$ *+ 1* 1 " arthosuchak %F / *@ " % < 8# *' 8 (==8) * K$ *+ 1* 1 " 8 :. m D #$ b * = K$ *+, Š ==8-* *#$ *$ =*, # a 4 % % *+ K$- #$ % 1* 1 " a / * * 4 1 V * ' +, <*f D / = * 4+ = K < Df +- 1 ** AB, ## = / AB,, $ # $-, *@ ' = 1 AB >a ' +,, &2+ u( *$ 8 (:( * * = K$ # 4 *' *+ Š ==8-* *#$ *$ =*, # a 4 % % *+ K$- #$ % 1* 1 " a / * * 4 = ==8-* c# #* = 1 a ' = '4? 4, a 4 $ = 1,f < *$*$ #c L M 88 ND sharebazarnews. #%&' ' *%F / L M *@ 8 t6 '%, :6su <$ + ' :( 1 * a s6 1 "*4 t( 1 88 ND *+ =+2 *@ :( * * => = 1 ' * ' * s >" <%, = *@ # #D$ = B) 4 1 H = ' + H, = *@ sy ('% s(-'% su) > (#=) 4+ ;.(x * > sy 4 ('% st-8 s;) #= 4+ (.6t * =+2 (==) &2+ t;.;x * ('% s(- '% su) > sy ('% st-8 s;) ==#= 4+ ts.x: * sy 4 <%- ('% s(-'% su) = *@ *$* 4 (=a= #=) 4+ y.t; * > sy 4 <%- ('% st- 8 s;) =a= #= 4+ t.:; * ND 88 <% ' *@ >- y * s6 a * 4-: D$* K (='=) * = ' *8$ 8 K$ * 4+ >- :t >" O * 4 $ P* Daily janakantha c 2 #K * =* #$ a O * 4a % #} $ P* $ P* = O * 4a % * H 2 1 % <$ *+ 1 1* *? $ *@ = % #+ IK- >a :; * 'K- *a ' 8 " -= *! g =* 1 1* a $ * #b * = ' 4 1 = % -D$* >' * 8 " a 1 $ Page 20 of 21

21 1 1* * $ a <$- 8. G = Ž #c# * c# * 4 = #c + 1 1* 8#% $ = * % K%-, <$- 8. * Disclaimers: All news of the webpage is collected from different daily newspapers of Bangladesh & presented for information purposes only. We can't guarantee the accuracy of the information contained. SJIBSL will not be responsible for any consequences that might arise from the use of the information available on this website. If you encounter questionable material in sites to which we have linked, please us and we will consider removing the link. Page 21 of 21