INTERNSHIP REPORT ON:

“MEASURING PRICE VOLATILITY: A STUDY ON SELECTED

PHARMACEUTICAL COMPANIES LISTED IN CSE”
(This report is submitted for the partial fulfillment of the degree of Bachelor Business
administration with major in Finance)

PREPARED FOR:
Dr. ABDULLAHIL MAMAUN

ASSOCOATE PROFESSOR

DEPARTMENT OF BUSINESS ADMINISTRARTION

INTERNATIONAL ISLAMIC UNIVERSITY CHITTAGONAG

PREPARED BY :
ABID REZA FAHIM

BBA PROGRAMME (FINANCE)

ID NO: B161440

SESSION: 2015-2016

DEPARTMENT OF BUSINESS ADMINISTRATION

INTERNATIONAL ISLAMIC UNIVERSITY CHITTAGONAG

DATE OF SUBMISSION:
 LETTER OF TARNSMITTAL
Date:

To

The convener

BBA Internship/ Dissertation committee

International Islamic University Chittagong

Subject : Submission of Internship Report.

Dear Sir,

With immerse pleasure, I would like to submit my internship report titled “Measuring Price
Volatility: A study On selected Pharmaceutical companies listed in CSE”. This report is
submitted for the partial fulfillment of the degree of Bachelor Business administration with
major in Finance. While conducting the research, I have studied relevant literature, gained an
insight of the stock market of Bangladesh, its practices, trend, volatility, cause and
recommendation for price stability of the market.

I have tried to provide valuable data and information to prepare this report. I have preferred
all the functions relating with the preparation of this report with great enthusiasm.

With my limited Knowledge and scope I have tried to reflect the report effectively. I wish
your hearty consideration if there is any deviation in the report. My effort will be rewarded
only if it can satisfy you.

I, therefore, pray and hope with an optimistic trust that this report will receive your approval.

Sincerely yours,

_______________

Abid Reza Fahim.

BBA (Finance & Banking)
ID NO: B161440Department of Business Administration International Islamic University
Chittagong
 PREFECE

All students of Department of Business Administration ought to complete

the internship programs that they can acquire practical knowledge. In order
to make effective decision, students have to have theoretical knowledge as
well as practical knowledge. Doing internship program I have gathered
ample experience that will certainly make my career-path smoother.

It's really a great opportunity to have the chance to conduct internship

program in the Chittagong Stock Exchange, 1080 Sk.Mujib Road, Agrabad,
Chittagong, Bangladesh. The duration of the program was from 4th
December, 2018 to 4th February,2019. During the period, I have tried my
level best to gather knowledge on the activities of Chittagong Stock
Exchange, especially on trading aspect.

The tenure of the Program was only two months. As a consequence, it was
impossible for me to know in details about the various activities performed under
Chittagong Stock Exchange. Yet I tried to. Make the report effective,
informative and representative.

I would like to say that, if my report becomes useful & informative to any
researcher or can quench the thirst of any interested person or knowledge
seeker then my untiring efforts will become successful.

_______________

Abid Reza Fahim.

BBA (Finance & Banking)
ID No:B161440
Department of Business Administration
International Islamic University Chittagong
 Acknowledgement

First of all, Iwould like to express my gratitude to the Almighty Allah

without whose grace it would be quite impossible in my part to complete
my research successfully.

In the mean time, I would like to offer my thanks to my respected teacher

Dr. Abdullahil Mamun, Associate Professor, Department of Business
Administration(IIUC), for his wise guidance, valuable suggestions and
encouragements during the period of study without which it could be very
tough for me to complete the study successfully.

As I have completed my internship in Chittagong stock Exchange, I have

tried heart and soul to understand the working pattern and tried to gather
knowledge about the stock market and its regulation which was related to
my topic "…………….".

I want to mention the sacrifice and contribution of my Supervisor Mr.

Ashraf Uddin, Head & Manager of Finance Department& Mohammad
Didarul Amin ,Senior Officer, Finance & Investment Manager, Chittagong
Stock Exchange Limited, who has taken the trouble of supervising my work
besides his routine duties& who has always had the patience for my
numerous questions throughout the process of the writing. I hope this paper
will be appreciated.

Last but not least my honorable parents whose unending support and unconditional
assistance paved me to the way of preparing this report.

Abid Reza Fahim.

BBA Program (Finance)
ID NO: B161440
Session :2015-2016
Department of Business Administration
International Islamic University Chittagong.
 LIST OF FIGURES

SI Figure name Page no

1 A Category share in CSE
2 B Category share in CSE
3 N Category share in CSE
4 A Category share in CSE
5 Percentage Change in Price in
6 Percentage Change in Price in
7 Percentage Change in Price in
8 Percentage Change in Price in
9 Percentage Change in Price in
10 Percentage Change in Price in
11 Percentage Change in Price in
12 Percentage Change in Price in
13 Standard Deviation of price of
14 Standard Deviation of price of
15 Standard Deviation of price of
16 Standard Deviation of price of
17 Standard Deviation of price of

LIST OF GRAPHS

SI Graph Name Page No

1 Price Movement of
2 Price Movement of
3 Price Movement of
4 Price Movement of
5 Price Movement of
LIST OF ACRONYMS
BLANK
 CHAPTER INDEX
CHAPTER TITLE PAGE
Title of the Report
Certificate of Internship
Letter of transmittal
Preface
Acknowledgement
Executive Summary
List of Figure and Graphs
List of Acronyms
Content

1.1 Prelude
1.2 Literature review
1.3 Statement of the problem
1.4 Objective of the study
ONE 1.5 Scope of the study
1.6 Data collection
1.7 Methodology of the study
1.8 Limitation of the study
1.9 Organization of the study

TWO Profile of the Chittagong Stock Exchange

3.1 Stock market

Three 3.2 Type of the stock Market
3.3 Categories of Companies in CSE

4.1 Introduction of parameters

4.2 profile of sample companies
Four 4.3 Measurement of volatility through Percentage change of
price
4.4 Measurement of volatility through Standard Deviation

FIVE 5.1 Factor affecting Stock Price

5.2 Causes of Price Volatility

6.1 Summary of the Findings

SIX 6.2 Recommendations for Price Stability
6.3 Concluding remarks

 Reference and Bibliography

CHAPTER ONE
INTRODUCTION
 CHAPTER - TWO
PROFILE OF CHITTAGONG STOCK EXCHANGE
 AN OVERVIEW OF CHITTAGONG STOCK EXCHANGE

2.1 Historical Background of CSE

The Chittagong Stock Exchange (CSE) began its journey in 10th October of 1995 from
Chittagong City through the cry-out trading system with the promise to create a state-of-the art
bourse in the country.
Founder members of the proposed Chittagong Stock Exchange approached the Bangladesh
Government in January 1995 and obtained the permission of the Securities and Exchange
Commission on February 12, 1995 for establishing the country's second stock exchange. The
Exchange comprised of twelve Board members, presided by Mr. Amir KhosruMahmud
Chowdhury (MP) and run by an independent secretariat from the very first day of its inception.
CSE was formally opened by Honorable Prime Minister of Bangladesh on November 4,
1995.

2.2 Vision
Aspire a Global Standard Transaction Place of Securities and Financial Product in Bangladesh.

2.3 Mission
Practice a set of core values to build competency in compliance, diversification and technology so
that an accessible platform, market confidence and wealth maximization scope can be ensured.

2.4 Core values

 Value for people
 Transparency
 Excellence
 Harmony
 Integrity
 Commitment
2.5 Objectives
 Increase business turnover
 Modernize trading system
 Ensure effective relationship management
 Achieve high level of confidence & professionalism
 Engage in product and market diversification
 Contribute to capital market policy development
2.6 MILESTONES

12th February 1995 Bangladesh Government approved CSE

1st April, 1995 Incorporated as a limited company

10th October 1995 Floor Trading Started

1st January 1996 Became corresponding member of World

Federation of Exchange ( Former FIBV)

2nd June 1998 CSE becomes the First Bourse to Introduce

Automatedand Online Trading System in
Bangladesh

16th January 2000 Convened South Asian Federation of Exchange

(SAFE)

26th January, 2004 Central Depository Bangladesh Ltd. (CDBL) opens-

CSE plays a key role

30th May, 2004 Introduction of real time Internet Trading Service-

first time Bangladesh

4th July 2004 Introduced Over-the-counter (OTC) market

14th July 2004 CSE initiates the idea of securities Institute by

raising formal proposal

14th Dec, 2005 Organizes Capital Market fair-First of its kind in

the country

10th march Introduced a comprehensive Training program

2007 on stock market for investors, professional
andother. First of its kind in the country
12th June, 2007 Submission to BSEC of draft Regulatory
Framework on Financial Derivatives

18th October, 2008 CSE became a member of OIC Member states

stock Exchange forum

28 Nov, 2010 CSE signed a contract with Millennium IT

Software Ltd. and Polaris software Lab limited
for Next Generation Trading system (NGTS)

13 Jan, 2011 Execution of trade of short sell under the

regulations

11Sep, 2011 signing of agreement for launching electronic fund

transfer through Bangladesh Electronic Fund
Transfer Network (BEFTN)

20 October, 2011 Introduced Next Generation Trading System

(NGTS) and the new website

22 July, 2012 CSE launched Disaster recovery system(DRS)

28 October, 2013 World federation of Exchange (WFE) approved to

upgrade CSE’s membership status from
correspondent to affiliate

3 November, 2013 Settlement Cycle reduce to T+2 from T+23

21st November, 2013 CSE Started its new journey as a demutualized

Exchange

15 February, 2014 1st Board meeting of CSE as a demutualized

Exchange

12 October, 2014 CSE launched CSE Shariah Index & CSE-50

Benchmark Index.

22-23 Oct, 2014 Organized Internet Trade fair- First of its kind in
the Country.
July, 2015 CSE launched Two Smartphone applications
CHITRA& CSE Cloud

31st Jan, 2017 CSE become the 62nd Partner Exchange of the
United Nations Sustainable Stock Exchange (SSE)
initiative and The First Bangladeshi Stock
Exchange to join the global partnership

2.7 LEGAL BASIS

After demutualization the Chittagong Stock Exchange Ltd (CSE) is registered as

Public Limited Company under Companies Act, 1994. The Board, headed by
elected Chairman from the Independent Directors, consist of 13 members
comprising 7 Independent Directors, 5 Shareholder Directors including 1 Strategic
investor and the Managing Director.
CSE activities are regulated by its own Memorandum & Articles of Association,
regulations and by laws along with the rules, order and notifications of the
Bangladesh Securities and Exchange Commission (BSEC).

2.8 Function of CSE

Themajor functions are:

 Listing of Companies (As per Listing Regulations).

 Providing the screen based automated trading of listed Securities.
 Settlement of trading (As per Settlement of Transaction
Regulations).
 Market Administration & Control.
 Market Surveillance.
 Publication of Monthly Review.
 Monitoring the activities of listed companies (As per Listing
Regulations).
 Announcement of Price sensitive or other information about listed
companies through online
2.9 Management Structure
Management structure of CSE according to job title:

Managing Director (MD)

Chief Regulatory Officer (CRO)

General Manger

Deputy General Manger

Assistant General Manger

Manager

Deputy Manger

Assistant Manger

Senior Officer

Officer
2.10 Regulatory Structure
2.11The Organogram of CSE
The Organizational chart of CSE has been given below:-
2.12 System: The Systems Department Carries out of the following
functions:
 Deal with user queries
 Manage communication network
 Mange information technology developments and suppliers
 Manage internal information technology awareness
 Manage trading and operate clearing & Settlement system
 Maintain master file
 Print daily report and produce statistics
 Support internal users and setup and train new system users

Clearing, Settlement & Department: This department is responsible for:

 Ensuring exchange clearing and settlement activities through clearing house
 Handling settlement failure.
 Handling auction settlement.
 Monitor foreign trade settlement.
 Monitor OTC trade settlement.
 Maintenance of members margin.
 Provide depository related service.

Market Operations: This department carries out the following function:

 Monitor public information.
 Monitor, receive and disseminate regular company information.
 Online surveillance.
 Inspection visits to members.
 Receive and manage investor complaints.
 Receive and manage other complaints.
 Receive and disseminate price sensitive company information.
 Manager and monitor OTC facilities.
Finance & Administration: This department is responsible for following:
 Conducting statutory and management meetings of the company and provide
secretarial service relating thereto
 Prepare Annual and periodic financial statements
 Prepare budgets and monitor the income and expenditure with the budge
 Controlling banking operations of the company
 Keeping inventory of the assets of the company
 Managing financial settlement of the trading operation
 Provide MIS to concerned departments
 Payments to different party bills after due verification
 Issuing certificates to brokers and other authorizes
 Preparation of payroll of confirmed and casual staff
 Compliance of taxation rules and policies including with holdings, payment and
fillings of Tax returns and documents
 Maintain IPF (Investor Protection Fund) Account
 Oversee the development activities of the Exchange including acquisition and
development of properties, scheduling payment, and Coordinate associated activities.
 Providing support to develop and implement corporate strategies, mission and vision

Research, Corporate Development & Information : This department

carries out the following functions:
 Maintain library contents
 Press cuttings and press relation
 Produce portfolio and other CSE publications
 Public relations
 Investor’s information cell
 CHAPTER THREE
PRACTICAL ASPECT OF CSE
3.1 Stock Market
Stock Market is an essential part of a capital market. The economy of a country largely
depends on a strong capital market. The participation of a stock market in the collection and
allocation of the funds to finance industry and other enterprises largely influence the
economy. The stock market is one kind of capital market where the stocks of the different
companies are traded. This is well known as stock exchange is a secondary market – a trading
market. It is structured to provide liquidity & marketability to the securities industry. It is a
worldwide system designed to bring buyer & seller together.

3.2 Types of Stock Market

There are two types of stock Market:

i) Primary market: The primary market is that market in which the companies issue their
shares. The primary market helps a firm to form their capital by selling their securities. It’s
serves as the conduct for funds from the investors to firms. The primary market is basically a
market of new issue. In this the share issuing companies sell their share to the public through
the underwriters. Once the shares traded the functions of the primary market comes to an end.
In this market there is no existence of the broker.

ii) Secondary market : In this market the broker play an important role. There is no
interference of the underwriters in this market .In this market the shares which are issued in
the primary market are traded through the broker. An example of this sort of market is
organize stock Exchange like Dhaka Stock Exchange & Chittagong Stock Exchange. The
Share issuing firm doesn’t get any direct benefit from this market. But it helps to determine
the probable price of the new issue and its demand to investors. The Functions of the market
are controlled and regulated by the security exchange commission which guided by security
and exchange commission Act 1993.

There are four types of secondary market:

First market: Organized stock Exchange is the example of the market. In this market only
the stocks of the listed companies traded through brokers. There is a fixed place for
transactions

Second market: Securities of both listed and unlisted companies are traded here through
the brokers. There is no fixed place for transactions. It involves electronic communication
network.
Third market: There is also no fixed place for transaction. It is a type of over the counter
market .But it involves the transactions of the securities of the listed companies through the
brokers.

Fourth market: It involves the direct transactions of the securities of both listed and
unlisted companies between buyer and seller. There is no existence of the brokers in this
market.

3.3 Categories of companies in CSE

A – Categories Companies
B- Categories Companies
G- Categories Companies
N- Categories Companies
Z- Categories Companies

A-Category Companies:

Companies, where are regular in holding the current annual general meeting and have
declared dividend at the rate of ten percent of more in the last English calendar year:

(!) Provided however that transaction for odd lots or multiple of market lots and big lot
(single or more certificates containing multiple of market lots in each certificate) may be kept
outside the adjusted due position mechanism for settlement.

(2) Transaction of shares (other than those of Mutual Funds) of the following category of
companies, which shall 'be described as B- category companies, shall be kept outside the
adjusted due position mechanism for settlement

In CSE 255 Companies are now trading in A- category

 Figure-1 A CATAGROY SHARES

 AAMRA NETWORKS LIMITED ( AAMRANET)

 AAMRA TECHNOLOGIES LTD. ( AAMRATECH)
 AB BANK 1ST MUTUAL FUND ( ABB1STMF)
 ACI FORMULATIONS LIMITED ( ACIFORMULA)
 ACTIVE FINE CHEMICALS LTD. ( ACTIVEFINE)
 ADVANCED CHEMICAL INDUSTRIES LTD. ( ACI)
 ADVENT PHARMA LTD. ( ADVENT)
 AFC AGRO BIOTECH LIMITED ( AFCAGRO)
 AFTAB AUTOMOBILES LIMITED ( AFTABAUTO)
 AGNI SYSTEMS LIMITED ( AGNISYSL)
 AGRICULTURAL MARKETING CO LTD ( AMCL(PRAN))
 AIBL 1ST ISLAMIC MUTUAL FUND ( AIBL1STIMF)
 AL-ARAFAH ISLAMI BANK LTD. ( ALARABANK)
 ALIF INDUSTRIES LIMITED ( AIL)
 AMAN COTTON FIBROUS LIMITED ( ACFL)
 AMAN FEED LIMITED ( AMANFEED)
 AMBEE PHARMACEUTICALS LIMITED ( AMBEEPHA)
 ANLIMA YARN DYEING LIMITED ( ANLIMAYARN)
 ANWAR GALVANIZING LIMITED ( ANWARGALV)
 APEX FOOTWEAR LIMITED ( APEXFOOT)
 APEX FOODS LIMITED ( APEXFOODS)
 APEX SPINNING & KNITTING MILLS LIMITED ( APEXSPINN)
 APEX TANNERY LIMITED ( APEXTANRY)
 ARAMIT LIMITED ( ARAMIT)
 ARGON DENIMS LIMITED ( ARGONDENIM)
 ASIA INSURANCE LIMITED ( ASIAINS)
 ASIA PACIFIC GENERAL INSURANCE CO. LTD. ( ASIAPACINS)
 ASIAN TIGER SANDHANI LIFE GROWTH FUND ( ATCSLGF)
 BANGAS LIMITED ( BANGAS)
 BANGLADESH AUTOCARS LIMITED ( BDAUTOCA)
 BANGLADESH BUILDING SYSTEMS LIMITED ( BBS)
 BANGLADESH LAMPS LIMITED ( BDLAMPS)
 BANGLADESH NATIONAL INSURANCE COMPANY LIMITED ( BNICL)
 BANGLADESH STEEL RE-ROLLING MILLS LIMITED ( BSRMLTD)
 BANK ASIA LIMITED ( BANKASIA)
 BARAKA POWER LIMITED ( BARKAPOWER)
 BASHUNDHARA PAPER MILLS LTD. ( BPML)
 BATA SHOE COMPANY (BD) LIMITED ( BATASHOE)
 BAY LEASING & INVESTMENT LTD. ( BAYLEASING)
 BBS CABLES LTD. ( BBSCABLES)
 BD FINANCE & INVESTMENT CO LTD ( BDFINANCE)
 BD GENERAL INSURANCE COMPANY LTD ( BGIC)
 BDCOM ONLINE LIMITED ( BDCOM)
 BERGER PAINTS BANGLADESH LTD ( BERGERPBL)
 BEXIMCO LIMITED ( BEXIMCO)
 BEXIMCO PHARMACEUTICALS LTD ( BXPHARMA)
 BRAC BANK LIMITED ( BRACBANK)
 BRITISH AMERICAN TOBACCO BANGLADESH COMPANY LIMITED (
BATBC)
 BSRM STEELS LIMITED ( BSRMSTEEL)
 CAPM BDBL MUTUAL FUND 01 ( CAPMBDBLMF)
 CAPM IBBL ISLAMIC MUTUAL FUND ( CAPMIBBLMF)
 CENTRAL INSURANCE COMPANY LTD. ( CENTRALINS)
 CITY GENERAL INSURANCE COMPANY LIMITED ( CITYGENINS)
 CONFIDENCE CEMENT LIMITED ( CONFIDCEM)
 CONTINENTAL INSURANCE LIMITED ( CONTININS)
 DAFFODIL COMPUTERS LIMITED ( DAFODILCOM)
 DBH FIRST MUTUAL FUND ( DBH1STMF)
 DELTA BRAC HOUSING FIN. CORPORATION LTD. ( DBH)
 DELTA LIFE INSURANCE COMPANY LTD. ( DELTALIFE)
 DHAKA BANK LIMITED ( DHAKABANK)
 DHAKA ELECTRIC SUPPLY CO. LTD. ( DESCO)
 DHAKA INSURANCE LIMITED ( DHAKAINS)
 DOREEN POWER GENERATIONS AND SYSTEMS LIMITED ( DOREENPWR)
 DRAGON SWEATER AND SPINNING LIMITED ( DSSL)
 DUTCH-BANGLA BANK LIMITED ( DUTCHBANGL)
 EASTERN BANK LIMITED ( EBL)
 EASTERN CABLES LIMITED ( ECABLES)
 EASTERN HOUSING LIMITED ( EHL)
 EASTERN INSURANCE COMPANY LTD ( EASTERNINS)
 EASTLAND INSURANCE COMPANY LTD ( EASTLAND)
 EBL FIRST MUTUAL FUND ( EBL1STMF)
 EBL NRB MUTUAL FUND ( EBLNRBMF)
 ENVOY TEXTILES LIMITED ( ENVOYTEX)
 EXIM BANK 1ST MUTUAL FUND ( EXIM1STMF)
 EXPORT IMPORT BANK OF BD LTD ( EXIMBANK)
 FAR CHEMICAL INDUSTRIES LIMITED ( FARCHEM)
 FAR EAST KNITTING & DYEING INDUSTRIES LIMITED ( FEKDIL)
 FAREAST ISLAMI LIFE INSURANCE COMPANY LTD ( FAREASTLIF)
 FAS FINANCE & INVESTMENT LTD ( FASFIN)
 FIRST BANGLADESH FIXED INCOME FUND ( FBFIF)
 FIRST JANATA BANK MUTUAL FUND ( 1JANATAMF)
 FIRST SECURITY ISLAMI BANK LTD. ( FIRSTSBANK)
 FU-WANG CERAMIC INDUSTRY LIMITED ( FUWANGCER)
 FU-WANG FOODS LIMITED ( FUWANGFOOD)
 GENERATION NEXT FASHIONS LIMITED ( GENNEXT)
 GLOBAL HEAVY CHEMICALS LIMITED ( GHCL)
 GOLDEN HARVEST AGRO INDUSTRIES LIMITED ( GHAIL)
 GPH ISPAT LIMITED ( GPHISPAT)
 GQ BALL PEN INDUSTRIES LIMITED ( GQBALLPEN)
 GRAMEEN MF ONE : SCHEME TWO ( GRAMEENS2)
 GRAMEENPHONE LIMITED ( GP)
 GREEN DELTA INSURANCE COMPANY LIMITED ( GREENDELT)
 GREEN DELTA MUTUAL FUND ( GREENDELMF)
 GSP FINANCE COMPANY(BANGLADESH) LTD. ( GSPFINANCE)
 H.R.TEXTILE MILLS LIMITED ( HRTEX)
 HAMID FABRICS LIMITED ( HFL)
 HEIDELBERG CEMENT BANGLADESH LTD ( HEIDELBCEM)
 HWA WELL TEXTILES (BD) LIMITED ( HWAWELLTEX)
 IBBL MUDARABA PERPETUAL BOND ( IBBLPBOND)
 ICB AMCL 3RD NRB MUTUAL FUND ( ICB3RDNRB)
 ICB AMCL FIRST AGRANI BANK MUTUAL FUND ( ICBAGRANI1)
 ICB AMCL SECOND MUTUAL FUND ( ICBAMCL2ND)
 ICB AMCL SONALI BANK LTD 1ST MUTUAL FUND ( ICBSONALI1)
 ICB Employees Provident Mutual Fund One ( ICBEPMF1S1)
 IDLC FINANCE LIMITED ( IDLC)
 IFAD AUTOS LIMITED ( IFADAUTOS)
 IFIC BANK 1ST MUTUAL FUND ( IFIC1STMF)
 IFIC BANK LTD. ( IFIC)
 IFIL ISLAMIC MUTUAL FUND-1 ( IFILISLMF1)
 Indo-Bangla Pharmaceuticals Ltd. ( IBP)
 INFORMATION TECHNOLOGY CONSULTANTS LIMITED ( ITC)
 INTECH LIMITED ( INTECH)
 INTERNATIONAL LEASING AND FINANCIAL SERV ( ILFSL)
 INTRACO REFUELING STATION LTD. ( INTRACO)
 INVESTMENT CORP OF BANGLADESH ( ICB)
 IPDC FINANCE LIMITED ( IPDC)
 ISLAMI BANK BANGLADESH LIMITED ( ISLAMIBANK)
 ISLAMI INSURANCE BANGLADESH LIMITED ( ISLAMIINS)
 ISLAMIC FINANCE & INVESTMENT LTD. ( ISLAMICFIN)
 JAMUNA BANK LIMITED ( JAMUNABANK)
 JAMUNA OIL COMPANY LIMITED ( JAMUNAOIL)
 JMI SYRINGES & MEDICAL DEVICES LTD. ( JMISMDL)
 Kattali Textile Ltd ( KTL)
 KDS ACCESSORIES LIMITED ( KDSALTD)
 KHULNA POWER COMPANY LIMITED ( KPCL)
 KOHINOOR CHEMICAL CO (BD) LTD ( KOHINOOR)
 LafargeHolcim Bangladesh Limited ( LHBL)
 LANKABANGLA FINANCE LIMITED ( LANKABAFIN)
 LEGACY FOOTWEAR LIMITED ( LEGACYFOOT)
 LIBRA INFUSIONS LIMITED ( LIBRAINFU)
 Linde Bangladesh Limited ( LINDEBD)
 LR GLOBAL BANGLADESH MF ONE ( LRGLOBMF1)
 M.I. CEMENT FACTORY LTD. ( MICEMENT)
 M.L.Dyeing Ltd. ( MLDYEING)
 MALEK SPINNING MILLS LIMITED ( MALEKSPIN)
 MARICO BANGLADESH LIMITED ( MARICO)
 MATIN SPINNING MILLS LIMITED ( MATINSPINN)
 MBL 1ST MUTUAL FUND ( MBL1STMF)
 MEGHNA CEMENT MILLS LIMITED ( MEGHNACEM)
 MEGHNA LIFE INSURANCE CO.LTD. ( MEGHNALIFE)
 MEGHNA PETROLEUM LIMITED ( MPETROLEUM)
 MERCANTILE BANK LIMITED ( MERCANBANK)
 MERCANTILE INSURANCE CO.LTD. ( MERCINS)
 MIDAS FINANCING LIMITED ( MIDASFIN)
 MJL BANGLADESH LIMITED ( MJLBD)
 MONNO CERAMIC INDUSTRIES LTD ( MONNOCERA)
 MUTUAL TRUST BANK LIMITED ( MTB)
 N C C BANK LIMITED ( NCCBANK)
 NAHEE ALUMINUM COMPOSITE PANEL LTD. ( NAHEEACP)
 NATIONAL BANK LIMITED ( NBL)
 NATIONAL HOUSING FINANCE & INVESTMENTS LTD ( NHFIL)
 NATIONAL LIFE INSURANCE CO.LTD ( NATLIFEINS)
 NATIONAL POLYMER INDUSTRIES LTD ( NPOLYMAR)
 NATIONAL TEA COMPANY LIMITED ( NTC)
 NAVANA CNG LIMITED ( NAVANACNG)
 NCCBL MUTUAL FUND-1 ( NCCBLMF1)
 NITOL INSURANCE COMPANY LIMITED ( NITOLINS)
 NLI FIRST MUTUAL FUND ( NLI1STMF)
 NORTHERN GENERAL INSURANCE COMPANY LIMITED ( NORTHRNINS)
 NURANI DYEING & SWEATER LIMITED ( NURANI)
 OLYMPIC ACCESSORIES LTD. ( OAL)
 OLYMPIC INDUSTRIES LIMITED ( OLYMPIC)
 ONE BANK LIMITED ( ONEBANKLTD)
 ORION INFUSION LIMITED ( ORIONINFU)
 ORION PHARMA LIMITED ( ORIONPHARM)
 PACIFIC DENIMS LIMITED ( PDL)
 PADMA OIL COMPANY LIMITED ( PADMAOIL)
 PARAMOUNT TEXTILE LIMITED ( PTL)
 PEOPLES INSURANCE COMPANY LTD ( PEOPLESINS)
 PHOENIX FIN. 1ST MUTUAL FUND ( PF1STMF)
 PHOENIX FINANCE & INVESTMENTS ( PHOENIXFIN)
 PHOENIX INSURANCE COMPANY LTD ( PHENIXINS)
 PHP FIRST MUTUAL FUND ( PHPMF1)
 PIONEER INSURANCE COMPANY LTD ( PIONEERINS)
 POPULAR LIFE FIRST MUTUAL FUND ( POPULAR1MF)
 POPULAR LIFE INSURANCE COMPANY LIMITED ( POPULARLIF)
 POWER GRID COMPANY OF BANGLADESH LTD. ( POWERGRID)
 PRAGATI INSURANCE LIMITED ( PRAGATIINS)
 PRAGATI LIFE INSURANCE LTD. ( PRAGATILIF)
 PREMIER CEMENT MILLS LIMITED ( PREMIERCEM)
 PREMIER LEASING & FINANCE LIMITED ( PREMIERLEA)
 PRIME BANK 1ST ICB AMCL MF ( PRIME1ICBA)
 PRIME BANK LIMITED ( PRIMEBANK)
 PRIME FINANCE 1ST MUTUAL FUND ( 1STPRIMFMF)
 PRIME INSURANCE COMPANY LTD ( PRIMEINSUR)
 PRIME ISLAMI LIFE INSURANCE LTD ( PRIMELIFE)
 PRIME TEXTILE SPINNING MILLS ( PRIMETEX)
 PROVATI INSURANCE COMPANY LIMITED ( PROVATIINS)
 PUBALI BANK LIMITED ( PUBALIBANK)
 QUASEM INDUSTRIES LIMITED ( QUASEMIND)
 QUEEN SOUTH TEXTILE MILLS LTD. ( QUEENSOUTH)
 R. N. SPINNING MILLS LIMITED ( RNSPIN)
 R.A.K. CERAMICS (BANGLADESH) LIMITED ( RAKCERAMIC)
 RAHIMA FOOD CORPORATION LTD ( RAHIMAFOOD)
 RANGPUR FOUNDRY LTD ( RANFOUNDRY)
 RATANPUR STEEL RE-ROLLING MILLS LIMITED ( RSRMSTEEL)
 RECKITT BENCKISER (BANGLADESH) LIMITED ( RECKITTBEN)
 RELIANCE INSURANCE LTD ( RELIANCINS)
 RELIANCE ONE THE FIRST SCHEME OF RELIANC ( RELIANCE1)
 REPUBLIC INSURANCE COMPANY LTD ( REPUBLIC)
 RUPALI BANK LIMITED ( RUPALIBANK)
 RUPALI INSURANCE COMPANY LTD ( RUPALIINS)
 RUPALI LIFE INSURANCE CO. LTD. ( RUPALILIFE)
 S. ALAM COLD ROLLED STEELS LTD. ( SALAMCRST)
 SAIF POWERTEC LTD. ( SAIFPOWER)
 SAIHAM COTTON MILLS LTD. ( SAIHAMCOT)
 SAIHAM TEXTILE MILLS LTD ( SAIHAMTEX)
 SAMORITA HOSPITAL LIMITED ( SAMORITA)
 SANDHANI LIFE INSURANCE CO.LTD ( SANDHANINS)
 SEML FBLSL Growth Fund ( SEMLFBSLGF)
 SEML IBBL SHARIAH FUND ( SEMLIBBLSF)
 SEML LECTURE EQUITY MANAGEMENT FUND ( SEMLLECMF)
 SHAHJALAL ISLAMI BANK LIMITED ( SHAHJABANK)
 SHAHJIBAZAR POWER CO. LTD. ( SPCL)
 SHASHA DENIMS LIMITED ( SHASHADNIM)
 SHEPHERD INDUSTRIES LIMITED ( SHEPHERD)
 SHURWID INDUSTRIES LTD. ( SHURWID)
 SIMTEX INDUSTRIES LIMITED ( SIMTEX)
 SINGER BANGLADESH LIMITED ( SINGERBD)
 SINOBANGLA INDUSTRIES LIMITED ( SINOBANGLA)
 SK TRIMS & INDUSTRIES LTD. ( SKTRIMS)
 SOCIAL ISLAMI BANK LIMITED ( SIBL)
 SONAR BANGLA INSURANCE LTD. ( SONARBAINS)
 SOUTHEAST BANK 1ST MUTUAL FUND ( SEBL1STMF)
 SOUTHEAST BANK LIMITED ( SOUTHEASTB)
 SQUARE PHARMACEUTICALS LIMITED ( SQURPHARMA)
 SQUARE TEXTILES LTD. ( SQUARETEXT)
 STANDARD BANK LIMITED ( STANDBANKL)
 STANDARD INSURANCE LIMITED ( STANDARINS)
 SUMMIT ALLIANCE PORT LIMITED ( SAPORTL)
 SUMMIT POWER LIMITED ( SUMITPOWER)
 TAKAFUL ISLAMI INSURANCE LIMITED ( TAKAFULINS)
 THE ACME LABORATORIES LTD. ( ACMELAB)
 THE CITY BANK LIMITED ( CITYBANK)
 THE IBN SINA PHARMACEUTICALS LTD. ( IBNSINA)
 THE PREMIER BANK LIMITED ( PREMIERBAN)
 TITAS GAS TRANSMISSION & DISTRIBUTION CO.LTD ( TITASGAS)
 TOSRIFA INDUSTRIES LIMITED ( TOSRIFA)
 TRUST BANK 1ST MUTUAL FUND ( TRUSTB1MF)
 TRUST BANK LIMITED ( TRUSTBANK)
 UNIQUE HOTEL & RESORTS LTD. ( UNIQUEHRL)
 UNITED COMMERCIAL BANK LTD. ( UCB)
  UNITED POWER GENERATION & DISTRIBUTION COMPANY LIMITED (
UPGDCL)
 USMANIA GLASS SHEET FACTORY LIMITED ( USMANIAGL)
 UTTARA BANK LIMITED ( UTTARABANK)
 UTTARA FINANCE & INVESTMENT LIMITED ( UTTARAFIN)
 VANGUARD AML BD FINANCE MUTUAL FUND ONE ( VAMLBDMF1)
 VANGUARD AML RUPALI BANK BALANCED FUND ( VAMLRBBF)
 VFS Thread Dyeing Limited ( VFSTDL)
 WATA CHEMICALS LIMITED ( WATACHEM)
 WESTERN MARINE SHIPYARD LTD. ( WMSHIPYARD)
 ZAHEEN SPINNING LTD. ( ZAHEENSPIN)

SOURCE: http://www.csebd.com

B- Category Companies
Companies which are regular in holding the annual general meetings but have failed
declared dividend at least at the rate of ten percent in the last English calendar year.

In case of the newly listed securities, the rate of earning per share (EPS) based on the audited
account of a full year of twelve months, as contained in the prospectus of the concerned
companies. shall be treated as substitute of the rate of dividend applicable for "A" and "B"
category of companies if no dividend were declared by such companies in the last English
calendar year:

Provided however, that the net profit after tax or net profit alter adding back the tax
holidays provisions , as the case may be shall be the basis for calculating the EPS.

Figure- 2 B Category Share in CSE

 APPOLLO ISPAT COMPLEX LTD ( APOLOISPAT)

 AZIZ PIPES LIMITED ( AZIZPIPES)
 BANGLADESH SUBMARINE CABLE COMPANY LIMITED ( BSCCL)
 BD SHIPPING CORPORATION ( BSC)
 BD.THAI ALUMINIUM LIMITED ( BDTHAI)
 BEACON PHARMACEUTICALS LTD. ( BEACONPHAR)
 BENGAL WINDSOR THERMOPLASTICS LIMITED ( BENGALWTL)
 CENTRAL PHARMACEUTICALS LIMITED ( CENTRALPHL)
 CVO PETROCHEMICAL REFINERY LIMITED ( CVOPRL)
 DESHBANDHU POLYMER LIMITED ( DESHBANDHU)
 FAMILYTEX (BD) LIMITED ( FAMILYTEX)
 FEDERAL INSURANCE COMPANY LTD ( FEDERALINS)
 FINE FOODS LIMITED ( FINEFOODS)
 JANATA INSURANCE COMPANY LTD ( JANATAINS)
 KAY & QUE (BANGLADESH) LTD ( KAY&QUE)
  KHAN BROTHERS PP WOVEN BAG INDUSTRIES LIMITED ( KBPPWBIL)
 MAKSONS SPINNING MILLS LIMITED ( MAKSONSPIN)
 METRO SPINNING LIMITED ( METROSPIN)
 MIRACLE INDUSTRIES LIMITED ( MIRACLEIND)
 MOZAFFAR HOSSAIN SPINNING MILLS LIMITED ( MHSML)
 NATIONAL FEED MILL LIMITED ( NFML)
 PARAMOUNT INSURANCE CO. LTD ( PARAMOUNT)
 RANGPUR DAIRY & FOOD PRODUCTS LTD ( RDFOOD)
 REGENT TEXTILE MILLS LIMITED ( REGENTTEX)
 SAFKO SPINNING MILLS LTD ( SAFKOSPINN)
 SALVO CHEMICAL INDUSTRY LTD ( SALVOCHEM)
 STANDARD CERAMIC INDUSTRIES LIMITED ( STANCERAM)
 SUNLIFE INSURANCE COMPANY LIMITED ( SUNLIFEINS)
 THE PENINSULA CHITTAGONG LIMITED ( PENINSULA)
 UNION CAPITAL LIMITED ( UNIONCAP)
 YEAKIN POLYMER LIMITED ( YPL)
 ZAHINTEX INDUSTRIES LIMITED ( ZAHINTEX)

SOURCE: http://www.csebd.com

N- Category Companies:

The Companies which are already in operation and enters into primary market to collect
money, falls into N- Category Companies. Provided that the chief- executive officer of
the exchange may bring any other company under this category, if deemed necessary,
with the prior written consent from the Commission. The followings category of the
which shall be described as:

Figure- 3 N Category Share in CSE

 ESQUIRE KNIT COMPOSITE LIMITED ( ESQUIRENIT)

 FORTUNE SHOES LIMITED ( FORTUNE)
 Genex Infosys Limited ( GENEXIL)
 NEW LINE CLOTHINGS LIMITED ( NEWLINE)
 OIMEX ELECTRODE LIMITED ( OIMEX)
 Runner Automobiles Limited ( RUNNERAUTO)
 S.S.Steel Limited ( SSSTEEL)
 SILCO PHARMACEUTICALS LIMITED ( SILCOPHL)
 Silva Pharmaceuticals Limited ( SILVAPHL)

SOURCE: http://www.csebd.com
Z- Category companies:
Companies which fail to hold the annual general meetings or fail to declare any dividend or
which are not in operation for more than six months or whose accumulated loss after
adjustment of revenue reserve, if any, is negative and exceeded its paid-up capital.

Provided further that the words" or whose accumulated loss after adjustment of revenue
reserve. If any, is negative and exceeded its paid-up capital shall not be applicable for the
companies which have declared dividend out of the current profits in the last English
calendar year and held annual general meeting(s) relating to all outstanding financial
year(s) despite having such accumulated loss exceeding the paid up capital

Figure- 4 Z Category Share in CSE

 AB BANK LIMITED ( ABBANK)

 ALLTEX INDUSTRIES LIMITED ( ALLTEX)
 ARAMIT CEMENT LIMITED ( ARAMITCEM)
 BD INDUSTRIAL FINANCE CO. LTD ( BIFC)
 BD WELDING ELECTRODES LIMITED ( BDWELDING)
 BEACH HATCHERY LTD. ( BEACHHATCH)
 BEXIMCO SYNTHETICS LIMITED ( BXSYNTH)
 C & A TEXTILES LIMITED ( CNATEX)
 DELTA SPINNERS LIMITED ( DELTASPINN)
 DULAMIA COTTON SPINNING MILLS ( DULAMIACOT)
 EMERALD OIL INDUSTRIES LIMITED ( EMERALDOIL)
 EVINCE TEXTILES LIMITED ( ETL)
 FAREAST FINANCE & INVESTMENT LIMITED ( FAREASTFIN)
 FIRST FINANCE LIMITED ( FIRSTFIN)
 GBB POWER LIMITED ( GBBPOWER)
 GOLDEN SON LIMITED ( GOLDENSON)
 HAKKANI PULP & PAPER MILLS LTD ( HAKKANIPUL)
 IMAM BUTTON INDUSTRIES LTD ( IMAMBUTTON)
 INFORMATION SERVICES NETWORK LTD. ( ISNLTD)
 KEYA COSMETICS LIMITED ( KEYACOSMET)
 KHULNA PRINTING & PACKAGING LIMITED ( KPPL)
 MITHUN KNITTING AND DYEING (CEPZ) LTD. ( MITHUNKNIT)
 PADMA ISLAMI LIFE INSURANCE LIMITED ( PADMALIFE)
 PEOPLE'S LEASING AND FINANCIAL SERVICES LTD. ( PLFSL)
 PRIME FINANCE & INVESTMENT LTD ( PRIMEFIN)
 PROGRESSIVE LIFE INSURANCE COMPANY LIMITED ( PROGRESLIF)
 SAMATA LEATHER COMPLEX LTD ( SAMATALETH)
 SHINEPUKUR CERAMICS LIMITED ( SPCERAMICS)
 SONARGAON TEXTILES LIMITED ( SONARGAON)
 TALLU SPINNING MILLS LIMITED ( TALLUSPIN)
 THE DACCA DYEING & MFC. CO. LTD ( DACCADYE)
 TUNG HAI KNITTING AND DYEING LTD. ( TUNGHAI)
 UNITED AIRWAYS (BD) LTD. ( UNITEDAIR)