IDLC-SL Weekly Market Summary

15 Apr 2024 - 18 Apr 2024

DSEX was down by 3.0% during 15 Apr – 18 Apr 2024
 DSEX fell during the week, closing around 5,687.

7,000
23,000

6,500 6337 6373 6336

6246 6244 6302 6274 6255
6214

Market Turnover (BDT mn)

6156 6113
16,950 18,000
5968 5,942
6,000 14,881
Index Value

5,778 5,796
5,687
13,000
5,500
9,704
9,169 8,771
8,425 8,106
7,275 8,000
5,000
5,372 5,495 5,588
5,000 4,939 4,782
3,993 4,348

4,500 3,000
18/Jan/24

15/Feb/24

21/Mar/24
28/Dec/23

1/Feb/24

8/Feb/24

29/Feb/24
4/Jan/24

22/Feb/24

14/Mar/24

18/Apr/24
28/Mar/24

4/Apr/24
7/Mar/24
11/Jan/24

25/Jan/24

Avg Turnover DSEX

18-Apr-24 IDLC-SL Weekly Market Summary: 15 Apr 2024 – 18 Apr 2024 2

Average daily turnover was up by 11.3% this week
894, 19%
Avg. daily turnover this week Pharma & Chemicals 631, 17%
632, 13%
BDT 4,782 mn Textile 647, 17%
Food 618, 13%
505, 13%
Engineering 477, 10%
396, 10%
Avg. turnover last week Bank 457, 10%
BDT 4,348 mn Gen. Insurance 291, 6%
266, 7%

253, 7%
Ceramics 254, 5%
Change +11.3% 224, 5%
242, 6%
MF 49, 1%
Travel & Leisure 197, 4%
Turnover increase this week:
111, 3%
IT 140, 3%
Pharma & Chemicals, 81, 2%
125, 3%
Fuel & Power
Food, 88, 2%
81, 2%
Engineering, Tannery 85, 2%
Bank, NBFI 80, 2%
77, 2%
Gen. Insurance, Life Insurance 78, 2%
54, 1%
Ceramics. 64, 1%
Cement 60, 2%
Turnover decrease this week: Miscellaneous 63, 1%
47, 1%
Textile, Telecom 46, 1%
57, 2%
Fuel & Power, 45, 1%
Paper & Printing
Tannery, 38, 1%
Average daily turnover this week (BDT mn, % of total)
Services & Real… 39, 1%
Telecom. 39, 1% Average daily turnover last week (BDT mn, % of total)
Jute 16, 0%
12, 0%

18-Apr-24 IDLC-SL Weekly Market Summary: 15 Apr 2024 – 18 Apr 2024 3

Sector-wise weekly return
 Major gainers: Travel & Leisure (1%).
 Major losers: NBFI (-7.1%), Ceramics (-7%), Paper & Printing (-5.4%), Gen. Insurance (-5%), Services & Real Estate (-4.6%), IT (-4.4%).

Weekly Return YTD Return

Travel & Leisure 21.8%

Travel & Leisure 1.0%
Miscellaneous 2.8%
Miscellaneous -1.0%
Paper & Printing 1.9%
MF -1.3%
Jute 1.7%
Jute -1.4%
IT -2.2%
Bank -2.3%
Gen. Insurance -3.4%
Pharma & Chemicals -2.6%
Bank -4.9%
Cement -2.7%
Cement -5.4%
Food -2.8%
Pharma & Chemicals -12.8%
Telecom -3.3%
Telecom -15.4%
Engineering -3.5%
Services & Real Estate -15.6%
Fuel & Power -3.6%
Food -16.0%
Life Insurance -3.8%
Ceramics -17.3%
Tannery -3.8%
MF -18.5%
Textile -4.2%
Tannery -19.4%
IT -4.4%
Textile -19.8%
Services & Real Estate -4.6%
Life Insurance -25.4%
Gen. Insurance -5.0%
Fuel & Power -26.3%
Paper & Printing -5.4%
Engineering -29.9%
Ceramics -7.0%
NBFI
NBFI -7.1% -36.7%

Note: Sector Return is calculated based on the total market cap of the sector and adjusted for dividend.
Note: The recent merger between MONOSPOOL and Pearl Paper and Board Mills, along with the merger of PAPERPROC and Magura Paper Mills, has driven the return of the Paper and Printing sector this year.
Note: YTD return for the Travel and Leisure sector includes return from BESTHLDNG, which is an IPO stock.

18-Apr-24 IDLC-SL Weekly Market Summary: 15 Apr 2024 – 18 Apr 2024 4

Adjusted LTM market P/E stands at 11.1x
37.2x

27.4x
26.0x
22.4x

17.7x 18.3x 18.3x

17.1x
14.0x 14.3x 14.9x
12.2x
10.1x 11.1x
7.2x 7.5x 7.7x
6.5x

Telecom
Market

Textile
Bank

NBFI

Cement

Food

IT

Paper & Printing

Ceramics
Engineering

Travel & Leisure

Miscellaneous

Services & Real Estate

Pharma & Chemicals

Gen. Insurance

Tannery
Fuel & Power

Note: To calculate the P/E, we selected stocks that meet ALL of the following criteria – (a) stocks that are included in DSEX index; (b) generated positive earnings in the Last Twelve Months
(LTM); (c) LTM P/E less than 100x.
P/E as of the last trading session of the reporting week.

18-Apr-24 IDLC-SL Weekly Market Summary: 15 Apr 2024 – 18 Apr 2024 5

Top 20 stocks by Avg. Daily Turnover (ADT)
No Company Sector CP Turnover (BDTmn) Turnover % Return LTM P/E P/B Greater than 10%
1 ASIATICLAB Pharma & Chemicals 50.8 234 5% 17.3% 23.2x 1.0x 3% - 10%
2 LOVELLO Food 66.9 202 4% 8.6% 48.5x 5.1x -3% to +3%
3 BESTHLDNG Travel & Leisure 37.8 155 3% 3.0% 33.8x 0.7x -3% to -10%
4 FUWANGFOOD Food 29.4 141 3% -2.0% n/m 12.2x Less than -10%
5 AIL Textile 121.6 137 3% 11.2% 57.9x 5.0x

6 FUWANGCER Ceramics 24.8 133 3% -1.2% 90.4x 2.1x

7 GOLDENSON Engineering 21.0 122 3% 6.6% n/m 1.1x

8 CENTRALPHL Pharma & Chemicals 25.9 117 2% -5.5% n/m 4.8x

9 SPCERAMICS Ceramics 39.4 112 2% -10.0% 218.9x 1.3x

10 MALEKSPIN Textile 35.2 106 2% -8.3% 15.6x 0.7x

11 BEACONPHAR Pharma & Chemicals 201.1 104 2% -8.5% 70.3x 7.3x

12 PTL Textile 76.8 100 2% 2.3% 11.7x 2.0x

13 UTTARABANK Bank 25.0 98 2% -3.1% 5.8x 0.8x

14 ORIONINFU Pharma & Chemicals 497.6 86 2% -8.0% 237.0x 34.2x

15 1STPRIMFMF MF 39.0 86 2% 11.7% n/a 2.9x

16 KARNAPHULI Gen. Insurance 40.3 81 2% -7.4% 24.3x 1.9x

17 CITYGENINS Gen. Insurance 90.2 76 2% 1.8% 29.9x 4.4x

18 FORTUNE Tannery 42.0 75 2% -5.0% 42.5x 2.7x

19 SQURPHARMA Pharma & Chemicals 214.1 62 1% -1.6% 9.7x 1.6x

20 KOHINOOR Pharma & Chemicals 512.5 59 1% -2.5% 42.2x 9.2x

Note: Turnover considers only DSE turnover data and excludes block transactions. n/a = not available. n/m = not meaningful. LTM = Last Twelve Month.

Note: Return adjusted for dividend.

18-Apr-24 IDLC-SL Weekly Market Summary: 15 Apr 2024 – 18 Apr 2024 6

Top 20 Weekly Block Transactions
No Company Volume Value (BDT mn) Avg. Price (BDT)
1 EBL 8,749,460 236 27.0
2 NBL 17,379,551 130 7.5
3 AIL 884,128 97 109.5
4 ICBSONALI1 4,520,001 47 10.5
5 EGEN 1,471,500 46 31.4
6 LOVELLO 574,838 35 61.5
7 CITYBANK 1,122,729 26 22.7
8 BESTHLDNG 533,000 20 38.4
9 BEACHHATCH 223,760 14 60.8
10 NHFIL 373,000 12 33.0
11 KARNAPHULI 265,700 12 43.9
12 NAVANAPHAR 130,130 11 81.5
13 QUASEMIND 250,000 10 41.4
14 SEAPEARL 115,326 10 86.9
15 MERCANBANK 661,000 9 14.3
16 EHL 121,000 9 77.5
17 BEXIMCO 84,975 9 107.4
18 BEACONPHAR 42,754 9 213.1
19 ORIONINFU 16,251 8 502.4
20 FINEFOODS 43,020 7 174.0

Note: Block market transactions contributed 8.6% of total market turnover this week.

18-Apr-24 IDLC-SL Weekly Market Summary: 15 Apr 2024 – 18 Apr 2024 7

Top 20 Gainers
Weekly YTD
No Company Sector CP Return LTM P/E P/B No Company Sector CP Return LTM P/E P/B
1 ASIATICLAB Pharma & Chemicals 50.8 17.3% 23.2x 1.0x 1 SICL Gen. Insurance 36.5 265.0% 80.2x 2.1x
2 SEMLLECMF MF 8.7 16.0% n/a 0.9x 2 ASIATICLAB Pharma & Chemicals 50.8 154.0% 23.2x 1.0x
3 1STPRIMFMF MF 39.0 11.7% n/a 2.9x 3 MONOSPOOL Paper & Printing 179.8 136.6% 20.4x 3.2x
4 AIL Textile 121.6 11.2% 57.9x 5.0x 4 PAPERPROC Paper & Printing 143.3 101.9% 28.4x 3.8x
5 LOVELLO Food 66.9 8.6% 48.5x 5.1x 5 KBPPWBIL Miscellaneous 199.2 93.0% n/m 16.8x
6 BDTHAIFOOD Food 33.5 7.7% n/m 2.3x 6 CITYGENINS Gen. Insurance 90.2 84.8% 29.9x 4.4x
7 GOLDENSON Engineering 21.0 6.6% n/m 1.1x 7 LOVELLO Food 66.9 76.5% 48.5x 5.1x
8 DUTCHBANGL Bank 58.1 6.2% 5.4x 0.9x 8 AIL Textile 121.6 63.0% 57.9x 5.0x
9 PARAMOUNT Gen. Insurance 58.2 6.0% 33.8x 2.2x 9 BESTHLDNG Travel & Leisure 37.8 57.5% 33.8x 0.7x
10 SALVOCHEM Pharma & Chemicals 53.5 5.7% 29.7x 3.3x 10 CENTRALINS Gen. Insurance 53.6 44.9% 27.4x 1.1x
11 GLDNJMF MF 11.5 5.5% n/a 1.1x 11 AFTABAUTO Engineering 43.1 43.7% n/m 0.8x
12 COPPERTECH Engineering 31.1 5.1% 46.5x 2.3x 12 BEACHHATCH Food 65.6 41.1% 39.8x 5.7x
13 IFADAUTOS Engineering 34.6 4.2% 344.7x 0.9x 13 PLFSL NBFI 4.2 40.0% n/m 0.0x
14 SEMLIBBLSF MF 7.7 4.1% n/a n/m 14 ORIONINFU Pharma & Chemicals 497.6 37.7% 237.0x 34.2x
15 EBL1STMF MF 5.2 4.0% n/a 0.6x 15 FINEFOODS Food 184.4 37.7% 427.8x 17.1x
16 DESCO Fuel & Power 26.1 3.6% n/m 0.6x 16 RELIANCE1 MF 15.8 37.4% n/a 1.2x
17 BESTHLDNG Travel & Leisure 37.8 3.0% 33.8x 0.7x 17 CRYSTALINS Gen. Insurance 102.7 33.6% 33.7x 4.0x
18 SONALILIFE Life Insurance 75.5 2.4% n/a 4.9x 18 FUWANGCER Ceramics 24.8 30.5% 90.4x 2.1x
19 PTL Textile 76.8 2.3% 11.7x 2.0x 19 MALEKSPIN Textile 35.2 29.9% 15.6x 0.7x
20 RELIANCE1 MF 15.8 1.9% n/a 1.2x 20 ITC IT 48.0 29.7% 17.2x 2.5x

Note: ASIATICLAB, BESTHLDNG and SICL among the top 20 gainers, are IPO stocks.

Note: PLFSL resumed trading on 7 March 2024 after a lengthy suspension.

18-Apr-24 IDLC-SL Weekly Market Summary: 15 Apr 2024 – 18 Apr 2024 8

Top 20 Losers
Weekly YTD
No Company Sector CP Return LTM P/E P/B No Company Sector CP Return LTM P/E P/B
1 NBL Bank 6.0 -13.0% n/m 0.6x 1 GSPFINANCE NBFI 12.6 -58.4% n/m 0.5x
2 LRGLOBMF1 MF 4.4 -12.0% n/a 0.4x 2 IPDC NBFI 25.7 -55.4% 11.8x 1.4x
3 FAREASTFIN NBFI 4.0 -11.1% n/m n/m 3 RINGSHINE Textile 4.6 -53.1% n/m n/m
4 METROSPIN Textile 18.8 -10.5% n/m 1.2x 4 PHOENIXFIN NBFI 7.9 -51.5% n/m n/m
5 ZAHINTEX Textile 6.1 -10.3% n/m 0.8x 5 BAYLEASING NBFI 11.6 -51.5% n/m 1.4x
6 AFCAGRO Pharma & Chemicals 14.3 -10.1% 811.7x 0.8x 6 BDFINANCE NBFI 21.7 -50.8% 27.9x 1.3x
7 SPCERAMICS Ceramics 39.4 -10.0% 218.9x 1.3x 7 PRIMEINSUR Gen. Insurance 42.3 -48.9% 20.6x 1.9x
8 MAKSONSPIN Textile 12.6 -10.0% n/m 0.9x 8 BDLAMPS Engineering 132.7 -47.4% n/m 1.9x
9 HAMI Pharma & Chemicals 162.5 -9.8% n/m 78.2x 9 MLDYEING Textile 13.3 -46.4% 332.5x 1.0x
10 ALLTEX Textile 13.0 -9.7% n/m 2.6x 10 NATLIFEINS Life Insurance 97.9 -45.3% n/a n/m
11 SBACBANK Bank 8.4 -9.7% 14.2x 0.6x 11 FAREASTLIF Life Insurance 41.6 -44.5% n/a n/m
12 VFSTDL Textile 15.7 -9.6% 30.8x 0.8x 12 VFSTDL Textile 15.7 -44.5% 30.8x 0.8x
13 ANLIMAYARN Textile 38.8 -9.6% n/m 3.7x 13 NAHEEACP Engineering 36.5 -44.1% 30.2x 1.9x
14 KPPL Paper & Printing 24.9 -9.5% n/m n/m 14 REGENTTEX Textile 5.5 -43.9% n/a 0.2x
15 DHAKAINS Gen. Insurance 45.0 -9.1% 15.7x 1.3x 15 SHEPHERD Textile 13.5 -43.8% n/m 1.0x
16 CONTININS Gen. Insurance 34.9 -8.9% 21.7x 1.6x 16 MAKSONSPIN Textile 12.6 -43.5% n/m 0.9x
17 POWERGRID Fuel & Power 39.5 -8.8% n/m 0.2x 17 JMISMDL Pharma & Chemicals 144.8 -43.3% n/m 1.7x
18 FASFIN NBFI 4.2 -8.7% n/m n/m 18 ACI Pharma & Chemicals 148.8 -42.8% n/m 1.5x
19 IDLC NBFI 33.2 -8.5% 9.1x 0.7x 19 APOLOISPAT Engineering 4.7 -42.7% n/a 0.3x
20 PRIMEFIN NBFI 7.5 -8.5% n/m 0.8x 20 BPPL Fuel & Power 16.8 -42.7% 17.0x 0.6x

18-Apr-24 IDLC-SL Weekly Market Summary: 15 Apr 2024 – 18 Apr 2024 9

Important Headlines this Week
 NBR swings axe on exemptions, eyes BDT 94b VAT hike in FY25
 Govt to raise capital spending for sustained growth
 Bangladesh's revenue-GDP ratio to hit double-digits in FY27: IMF
 Bank Asia moves to acquire Bank Alfalah's Bangladesh assets
 ADN Telecom plans to make telecom devices
 IMF sets Bangladesh's economic growth forecast to 5.7%
 Credit balance falls further in Feb'24 as investors' confidence weakens
 Bank deposits rose 10.43% yoy in Feb
 BRAC Bank MD to offload 4.85 lakh shares
 Mergers to pass BDT 84,000cr liabilities on to good bank
 Bangladesh's economy to grow 6.1% in FY24: ADB
 Short-term foreign debt falls to $11.07b in February
 Inflation in Bangladesh rises slightly to 9.81% in March
 GDP growth slows in second quarter
 Bangladesh eyes additional World Bank support for post-LDC dreams
 Bangladesh Bank goes back to tightening loan classification rules
 National Bank to be merged with UCBL

18-Apr-24 IDLC-SL Weekly Market Summary: 15 Apr 2024 – 18 Apr 2024 10

Both local and global indexes were down this week

Weekly YTD

DSEX -3.03% DSEX -8.96%

DS30 -2.35% DS30 -5.22%
DSES -2.79% DSES -8.62%
CDSET -2.50% CDSET -10.54%
DSMEX -8.02% DSMEX 31.72%
SENSEX 30 (IND) -1.56% SENSEX 30 (IND) 0.94%
NIFTY 50 (IND) -1.65% NIFTY 50 (IND) 1.88%
DJIA (US) -2.31% DJIA (US) 0.73%
S&P 500 (US) -3.05% S&P 500 (US) 3.84%
FTSE 100 (UK) -1.25% FTSE 100 (UK) 3.70%
Nikkei 225 (JPN) -6.16% Nikkei 225 (JPN) 10.59%

18-Apr-24 IDLC-SL Weekly Market Summary: 15 Apr 2024 – 18 Apr 2024 11

Oil prices were down c3% this week

Commodity (USD) Unit Price Weekly Change (%) YTD

Brent USD/Bbl 87.3 -3.49% 13.30%
Gold USD/t.oz 2391.8 2.08% 15.96%
Wheat USD/Bu 566.8 1.93% -9.75%
Cotton USD/Lbs 78.7 -4.76% -2.85%
Soybeans USD/Bu 1150.5 -1.92% -11.36%
Sugar USD/Lbs 19.8 -3.13% -3.84%
Fertilizer (Di-ammonium) USD/T 2195.0 3.29% 280.09%
LNG (Japan/Korea) USD (Index) 9.6 -0.21% -16.88%
Iron Ore USD/T 108.3 2.07% -24.04%

18-Apr-24 IDLC-SL Weekly Market Summary: 15 Apr 2024 – 18 Apr 2024 12

Weekly Summary
 Index: DSEX was down by 3.0% during the week, closing around 5,687.

 Turnover:
 Average daily turnover (ADT) for YTD 2024 was BDT 7,917 mn.
 ADT for the week (15 April 2024 – 18 April 2024) was BDT 4,782 mn, which was 11.3% higher than that of the previous week.

 Market P/E was 11.1x (18th April 2024).

 Sector Highlights:
 Major sectors by turnover: Pharma & Chemicals (19%), Textile (13%), Food (13%), Engineering (10%), Bank (10%), Gen. Insurance (6%), Ceramics (5%).
 Increase in ADT this week: Pharma & Chemicals, Food, Engineering, Bank, Gen. Insurance, Ceramics.
 Decrease in ADT this week: Textile, Fuel & Power, Tannery, Telecom, Services & Real Estate.
 Major gainers: Travel & Leisure (1%).
 Major losers: NBFI (-7.1%), Ceramics (-7%), Paper & Printing (-5.4%), Gen. Insurance (-5%), Services & Real Estate (-4.6%), IT (-4.4%).

 Stock Highlights:
 Major Turnover: ASIATICLAB, LOVELLO, BESTHLDNG, FUWANGFOOD, AIL, FUWANGCER, GOLDENSON, CENTRALPHL, SPCERAMICS, MALEKSPIN.
 Major gainers: ASIATICLAB (+17.3%), SEMLLECMF (+16%), 1STPRIMFMF (+11.7%), AIL (+11.2%), LOVELLO (+8.6%), BDTHAIFOOD (+7.7%), GOLDENSON (+6.6%).
 Major losers: NBL (-13%), LRGLOBMF1 (-12%), FAREASTFIN (-11.1%), METROSPIN (-10.5%), ZAHINTEX (-10.3%), AFCAGRO (-10.1%), SPCERAMICS (-10%).

18-Apr-24 IDLC-SL Weekly Market Summary: 15 Apr 2024 – 18 Apr 2024 13

Disclosures
Explanation of Research Recommendations
• Buy recommendation means – an upside of 15% or more within a trading range of 180 days.
• Sell recommendation means – a downside of 10% or more within a trading range of 180 days.
• Hold recommendation means – an upside or downside of less than the above within a trading range of 180 days.
The recommendations are based on data generally available in the market and reflect the prices, volatility, corporate information and general economic data available at
the time of publication together with historical information in respect of the security(ies) or issuer(s). Further information in respect of the basis of any valuation is
available from the analyst on request.
Local Disclaimer: The information contained in this report has been compiled by IDLC Securities Limited (IDLC-SL) from sources believed to be reliable, but no
representation or warranty, express or implied, is made by IDLC-SL as to its accuracy, completeness or correctness. Expressions of opinion herein were arrived at after
due and careful consideration and were based upon the best information then known to us, and in our opinion are fair and reasonable in the circumstances prevailing at
that time. All opinions and estimates contained in this report are subject to change without notice due to changed circumstances and without legal responsibility. This
document is not, and should not be construed as an offer or the solicitation of an offer to buy or sell any securities. It does not constitute a personal recommendation or
take into account the particular investment objectives, financial conditions, or needs of individual clients. Clients should consider whether any advice or recommendation
in this research is suitable for their particular circumstances. IDLC-SL accepts no liability whatsoever for any direct or consequential loss arising from any use of this
report or the information contained herein.
IDLC-SL and its affiliates, officers, directors, and employees may have positions in, and buy or sell, the securities, if any, referred to in this Document. Our salespeople,
traders, and other professionals may provide oral or written market commentary or trading strategies to our clients and our proprietary trading desks that may reflect
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expressed in this research. By issuing this research report, each IDLC-SL analyst named in this report hereby certifies that the recommendations and opinions expressed
herein accurately reflect the research analyst's independent views about any and all of the subject securities or companies discussed herein and no part of the research
analyst's compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. On top of that, no part of the
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IDLC-SL.

18-Apr-24 IDLC-SL Weekly Market Summary: 15 Apr 2024 – 18 Apr 2024 14

Research Team
Md Saifuddin, CFA
Managing Director
Mr. Saif was appointed as MD of IDLCSL in 2009. He has over 24 years of experience working in the financial sector. Mr. Saif joined IDLC in 2001 as a Management Trainee in the Real Estate Finance unit. He worked
as Head of Credit & Collection of Personal Finance Division prior to his current role. Mr. Saif completed his MBA from the Institute of Business Administration, University of Dhaka in 2001 and holds an MBS degree
from University of Rajshahi. He is a CFA charter holder.

Kazi Monirul Islam, CFA, CMT

Head of Investment & Strategic Planning
Kazi Monirul Islam, CFA took over the role of Head of Investment and Strategic Planning in 2022. He looks after the proprietary investment, equity research, margin loan risk management and strategic planning of
IDLC Securities Limited (IDLCSL). Monirul joined IDLCSL as the Head of Research back in 2014. His leadership has taken IDLCSL’s research team, which he formed in 2014, to the leading position. His contribution
was vital for IDLCSL’s foreign brokerage business to flourish. He started his career back in 2009 as an ‘Analyst’ in Asian Tiger Capital Partners Limited and left the asset management company as the ‘Assistant Vice
President’. He completed his graduation from Department of Finance, University of Dhaka. He is a CFA charter holder and CMT (Chartered Market Technician) charter holder.
Tanay Kumar Roy, CFA
Head of Equity Research
Tanay Kumar Roy assumed the role of Head of Equity Research of IDLC Securities Limited in January 2022. He has more than 8 years of experience in Equity Research and Investment. Tanay joined IDLC Securities
Limited in October 2016 as a Research Analyst. Prior to joining the team, he was a Senior Research Associate in LankaBangla Securities Limited. Before starting his career as a sell-side analyst, he gathered
experience as a buy-side analyst in LR Global BAMCO. Tanay graduated from Institute of Business Administration (IBA), University of Dhaka and completed MBA from the same institute. He earned the CFA charter in
2024.

Humayra Afroz
Research Associate
Humayra Afroz is a Research Associate at IDLC Securities Limited. She started her career with IDLC Securities Limited from June 2022 through their Youth Leadership (MT) Program. Humyra completed her
undergraduate from Bangladesh University of Professionals in April 2022 where she majored in Finance and minored in Economics. She passed the CFA Level 1 Exam in August 2023.

18-Apr-24 IDLC-SL Weekly Market Summary: 15 Apr 2024 – 18 Apr 2024 15

Contact Information

Research Team
Name Designation Email Contact Number
Md Saifuddin, CFA Managing Director saif@idlc.com 880 1730 09 32 37
Kazi Monirul Islam, CFA, CMT Head of Investment & Strategic Planning monirul@idlc.com 880 1777 75 97 91
Tanay Kumar Roy, CFA Head of Equity Research tanay@idlc.com 880 1708 46 95 80
Humayra Afroz Research Associate hafroz@idlc.com 880 1742 71 28 59

IDLC Securities Limited

DR Tower (4th Floor), 65/2/2 Bir Protik Gazi Golam Dastagir Road,
Purana Paltan, Dhaka - 1000
Tel: +8809609994352
Fax: +88029574366
E-mail: IDLCSLResearch@idlc.com

18-Apr-24 IDLC-SL Weekly Market Summary: 15 Apr 2024 – 18 Apr 2024 16