efficient portfolio construction with the listed companies in dse

7/29/2019 Efficient Portfolio Construction with the Listed Companies in DSE

1/60

Face Value

Company

Month

closingprice

CashDiv.(%)

CashDiv.amou

nt

Cash Div.adjusted

price

Stock Div.(%)

No. of stocks

Dividendadjusted

price2006 January 290.75 0 290.75 1 290.75

February 276.25 0 276.25 1 276.25March 281.00 0 281.00 1 281April 267.25 10% 1 268.25 1 268.25May 232.75 0 232.75 1 232.75June 229.5 0 229.50 1 229.5July 237.50 0 237.50 1 237.5August 282 0 282.00 1 282September 279.79 0 279.79 1 279.79October 266.25 0 266.25 1 266.25November 274.25 0 274.25 1 274.25December 289.25 0 289.25 1 289.25

2007 January 318.00 0 318.00 1 318February 293.5 0 293.50 1 293.5March 292.00 10% 1 293.00 1 293April 250.25 0 250.25 1 250.25May 275.00 0 275.00 1 275June 335 0 335.00 1 335July 360.00 0 360.00 1 360August 357.75 0 357.75 1 357.75September 341.25 0 341.25 1 341.25October 422.5 0 422.50 1 422.5

November 418.00 0 418.00 1 418December 441.50 0 441.50 1 441.52008 January 442.75 0 442.75 1 442.75

February 450.25 0 450.25 1 450.25March 460.75 0 460.75 1 460.75April 360.00 0 360.00 1 360May 393.50 0 393.50 1 393.5June 432.75 0 432.75 1 432.75July 401.50 0 401.50 1 401.5August 399.50 0 399.50 1 399.5September 385.50 0 385.50 1 385.5

October 344.25 0 344.25 1 344.25November 328.00 0 328.00 1 328December 365.75 0 365.75 1 365.75

2009 January 327.75 0 327.75 1 327.75February 325.25 0 325.25 1 325.25March 314.75 0 314.75 1 314.75April 271.00 0 271.00 1 271May 259.75 0 259.75 1 259.75June 314.25 0 314.25 1 314.25

National Credit and Commerce Bank Limited10


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July 338.75 0 338.75 1 338.75August 355.25 0 355.25 1 355.25September 352.25 0 352.25 1 352.25October 369.50 0 369.50 1 369.5November 496.25 0 496.25 1 496.25December 583.00 0 583.00 1 583

2010 January 645.00 0 2048.75 1 2048.75February 599.75 0 1564.25 1 1564.25March 559.00 0 1563.55 1 1563.55April 402.75 0 1403.75 1 1403.75May 452.75 0 964.50 1 964.5June 471.75 0 1004.55 1 1004.55July 431.50 0 1001.00 1 1001August 433.75 0 511.75 1 511.75September 464.00 0 532.80 1 532.8October 569.50 0 569.50 1 569.5November 78.00 0 78.00 1 78December 68.80 0 68.80 1 68.8


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closingprice

CashDiv.(%)

CashDiv.amou

nt

Cash Div.adjusted

price

Stock Div.(%)

No. of stocks

Dividendadjusted

price

closingprice

CashDiv.(%)

CashDiv.amou

nt551.25 0 551.25 1 551.25 46.00 0

405.50 0 405.50 1 405.5 44.50 0471.50 0 471.50 1 471.5 47.75 0470.00 0 470.00 1 470 44.00 0494.25 0 494.25 1 494.25 44.75 0450.25 0 450.25 1 450.25 40.25 0500.00 0 500.00 1 500 44.50 0611.75 0 611.75 1 611.75 88.00 0713.75 0 713.75 1 713.75 108.25 0666.50 0 666.50 1 666.5 96.50 0630.25 0 630.25 1 630.25 70.75 0553.50 10% 10 563.50 1 563.5 75.75 0

527.75 0 527.75 1 527.75 75.75 0613.25 0 613.25 1 613.25 71.00 0

2775.00 0 2775.00 1 2775 68.50 02565.00 0 2565.00 1 2565 66.00 01853.00 0 1853.00 1 1853 75.25 01714.23 0 1714.23 1 1714.23 74.75 01441.75 0 1441.75 1 1441.75 81.25 01866.50 0 1866.50 1 1866.5 113.25 01907.50 0 1907.50 1 1907.5 165.75 01900.00 0 1900.00 1 1900 156.75 0

1832.25 0 1832.25 1 1832.25 150.50 01639.75 0 1639.75 1 1639.75 156.25 01422.5 10% 10 1432.50 1 1432.5 149.00 0

3085.50 0 3085.50 1 3085.5 141.25 03134.50 0 3134.50 1 3134.5 187.25 03132.00 0 3132.00 1 3132 151.75 03460.25 0 3460.25 1 3460.25 171.00 03144.00 0 3144.00 1 3144 149.00 02809.50 0 2809.50 1 2809.5 138.00 02490.00 0 2490.00 1 2490 125.5 03329.25 0 3329.25 1 3329.25 117.50 0

2752.75 0 2752.75 1 2752.75 115.50 02404.00 0 2404.00 1 2404 90.25 02505.50 0 2505.50 1 2505.5 102.50 02104.25 0 2104.25 1 2104.25 117.75 02163.25 0 2163.25 1 2163.25 135.50 01960.00 0 1960.00 1 1960 126.75 01707.50 10% 10 1717.50 1 1717.5 115.50 01759.00 0 1759.00 1 1759 123.50 02047.75 0 2047.75 1 2047.75 151.25 0

Bangladesh Shipping Corporation Niloy Cem100


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2448.25 0 2448.25 1 2448.25 138.25 03128.25 0 3128.25 1 3128.25 159.25 03626.50 0 3626.50 1 3626.5 217.00 05400.00 0 5400.00 1 5400 187.75 05650.00 0 5650.00 1 5650 198.00 05490.00 0 5490.00 1 5490 186.75 0

4280 0 4280.00 1 4280 238.25 04125.00 0 4125.00 1 4125 216.25 04029.00 0 4029.00 1 4029 259.50 04300.00 0 4300.00 1 4300 241.00 04084.00 0 4084.00 1 4084 219.75 0

0.00 0 0.00 1 0 255.75 00.00 0 0.00 1 0 240.00 0

3678.00 0 3678.00 1 3678 241.25 03459.50 0 3459.50 1 3459.5 260.75 03645.50 0 3645.50 1 3645.5 260.00 03116.25 0 3116.25 1 3116.25 260.00 03220.50 10% 10 3230.50 1 3230.5 260.00 0


5/60

Cash Div.adjusted

price

Stock Div.(%)

No. of stocks

Dividendadjusted

price

closingprice

CashDiv.(%)

CashDiv.amou

nt

Cash Div.adjusted

price

Stock Div.(%)

No. of stocks

46.00 1 46 20.90 0 20.90 1

44.50 1 44.5 18.00 0 18.00 147.75 1 47.75 18.50 0 18.50 144.00 1 44 15.80 0 15.80 144.75 1 44.75 15.10 0 15.10 140.25 1 40.25 13.30 0 13.30 144.50 1 44.5 14.00 0 14.00 188.00 1 88 17.70 0 17.70 1

108.25 1 108.25 16.80 0 16.80 196.50 1 96.5 16.80 11% 1.1 17.90 170.75 1 70.75 13.80 0 13.80 175.75 1 75.75 14.10 0 14.10 1

75.75 1 75.75 16.00 0 16.00 171.00 1 71 17.30 0 17.30 168.50 1 68.5 15.60 0 15.60 166.00 1 66 15.40 0 15.40 175.25 1 75.25 15.00 0 15.00 174.75 1 74.75 15.00 0 15.00 181.25 1 81.25 15.20 0 15.20 1

113.25 1 113.25 14.80 0 14.80 1165.75 1 165.75 14.60 0 14.60 1156.75 1 156.75 19.70 0 19.70 1

150.50 1 150.5 18.90 0 18.90 1156.25 1 156.25 15.70 0 15.70 1149.00 1 149 15.60 0 15.60 1141.25 1 141.25 16.20 0 16.20 1187.25 1 187.25 19.90 0 19.90 1151.75 1 151.75 20.70 0 20.70 1171.00 1 171 20.80 0 20.80 1149.00 1 149 21.40 0 21.40 1138.00 1 138 21.20 0 21.20 1125.50 1 125.5 20.70 0 20.70 1117.50 1 117.5 21.30 0 21.30 1

115.50 1 115.5 25.70 0 25.70 190.25 1 90.25 20.30 0 20.30 1

102.50 1 102.5 25.10 0 25.10 1117.75 1 117.75 27.00 0 27.00 1135.50 1 135.5 29.70 0 29.70 1126.75 1 126.75 31.70 0 31.70 1115.50 1 115.5 26.90 0 26.90 1123.50 1 123.5 29.70 0 29.70 1151.25 1 151.25 35.20 0 35.20 1

nt Industries Limited Daffodil Computers Ltd.10 10


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138.25 1 138.25 35.30 0 35.30 1159.25 1 159.25 38.30 0 38.30 1217.00 1 217 52.50 0 52.50 1187.75 1 187.75 67.30 0 67.30 1198.00 1 198 54.40 0 54.40 1186.75 1 186.75 51.90 0 51.90 1

238.25 1 238.25 58.00 0 58.00 1216.25 1 216.25 49.40 0 49.40 1259.50 1 259.5 50.60 0 50.60 1241.00 1 241 48.70 0 48.70 1219.75 1 219.75 43.90 0 43.90 1255.75 1 255.75 43.40 0 43.40 1240.00 1 240 61.60 0 61.60 1241.25 1 241.25 45.60 0 45.60 1260.75 1 260.75 47.80 0 47.80 1260.00 1 260 0.00 0 0.00 1260.00 1 260 0.00 0 0.00 1260.00 1 260 0.00 0 0.00 1


7/60

Dividendadjusted

price

closingprice

CashDiv.(%)

CashDiv.amou

nt

Cash Div.adjusted

price

Stock Div.(%)

No. of stocks

Dividendadjusted

price

closingprice

CashDiv.(%)

20.9 1161.75 0 1161.75 1 1161.75 834.50

18 1055.00 0 1055.00 1 1055 915.5018.5 1100.00 0 1100.00 1 1100 559.5015.8 989.00 0 989.00 1 989 527.5015.1 1003.00 0 1003.00 1 1003 525.5013.3 1002.75 0 1002.75 1 1002.75 520.25

14 1010.25 0 1010.25 1 1010.25 537.25 32%17.7 1234.00 0 1234.00 1 1234 603.7516.8 1196.50 0 1196.50 1 1196.5 551.5017.9 1392.00 0 1392.00 1 1392 560.2513.8 1064.00 0 1064.00 1 1064 542.0014.1 1024.00 0 1024.00 1 1024 555.50

16 1162.25 0 1162.25 1 1162.25 570.0017.3 1139.00 0 1139.00 1 1139 473.75 20%15.6 1402.25 0 1402.25 1 1402.25 467.0015.4 1334.50 0 1334.50 1 1334.5 453.00

15 1458.75 0 1458.75 1 1458.75 450.7515 1618.00 0 1618.00 1 1618 530.75

15.2 1838.75 0 1838.75 1 1838.75 534.5014.8 2233.50 0 2233.50 1 2233.5 517.7514.6 2615.00 0 2615.00 1 2615 597.7519.7 1899.75 10% 10 1909.75 1 1909.75 612.25

18.9 1768.75 0 1768.75 1 1768.75 677.7515.7 1806.50 0 1806.50 1 1806.5 640.5015.6 1890.25 0 1890.25 1 1890.25 628.5016.2 2142.25 0 2142.25 1 2142.25 626.00 20%19.9 2509.00 0 2509.00 1 2509 549.5020.7 2417.50 0 2417.50 1 2417.5 711.5020.8 2389.00 0 2389.00 1 2389 1079.7521.4 2489.00 0 2489.00 1 2489 937.5021.2 2530.25 0 2530.25 1 2530.25 764.5020.7 2554.75 0 2554.75 1 2554.75 816.7521.3 2865.25 0 2865.25 1 2865.25 785.75

25.7 3123.00 0 3123.00 1 3123 772.2520.3 1523.00 25% 25 1548.00 1 1548 670.0025.1 11602.50 0 11602.50 1 11602.5 756.00

27 1497.25 0 1497.25 1 1497.25 882.7529.7 1694.50 0 1694.50 1 1694.5 768.25 20%31.7 1611.50 0 1611.50 1 1611.5 614.7526.9 1507.25 0 1507.25 1 1507.25 632.2529.7 1671.50 0 1671.50 1 1671.5 774.0035.2 1744.00 0 1744.00 1 1744 800.75

National Tube Limited100


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35.3 1973.75 0 1973.75 1 1973.75 776.0038.3 2134.25 0 2134.25 1 2134.25 875.5052.5 2278.75 0 2278.75 1 2278.75 922.0067.3 2212.75 0 2212.75 1 2212.75 1212.2554.4 1793.50 30% 30 1823.50 1 1823.5 1434.2551.9 1549.75 0 1549.75 1 1549.75 1517.00

58 1704.00 0 1704.00 1 1704 1858.7549.4 1582.75 0 1582.75 1 1582.75 2050.50 7.50%50.6 1609.00 0 1609.00 1 1609 968.2548.7 1662.50 0 1662.50 1 1662.5 1130.0043.9 1642.25 0 1642.25 1 1642.25 1364.2543.4 1639.50 0 1639.50 1 1639.5 1547.7561.6 1692.50 0 1692.50 1 1692.5 1682.7545.6 1809.00 0 1809.00 1 1809 1903.0047.8 1758.50 0 1758.50 1 1758.5 1825.75

0 1819.25 0 1819.25 1 1819.25 1933.750 1458.75 25% 25 1483.75 1 1483.75 1841.500 1470.50 0 1470.50 1 1470.5 1732.00


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CashDiv.amou

nt

Cash Div.adjusted

price

Stock Div.(%)

No. of stocks

Dividendadjusted

price

closingprice

CashDiv.(%)

CashDiv.amou

nt

Cash Div.adjusted

price

Stock Div.(%)

0 834.50 1 834.5 757.25 0 757.25

0 915.50 1 915.5 705.00 0 705.000 559.50 1 559.5 690.00 0 690.000 527.50 1 527.5 764.25 20% 20 784.250 525.50 1 525.5 800.00 0 800.000 520.25 1 520.25 620.00 0 620.00

32 569.25 1 569.25 641.25 0 641.250 603.75 1 603.75 602.25 0 602.250 551.50 1 551.5 571.00 0 571.000 560.25 1 560.25 573.00 0 573.000 542.00 1 542 571.75 0 571.750 555.50 1 555.5 580.00 0 580.00

0 570.00 1 570 606.00 0 606.0020 493.75 1 493.75 570.00 0 570.00

0 467.00 1 467 803.75 0 803.750 453.00 1 453 673.50 20% 20 693.500 450.75 1 450.75 721.75 0 721.750 530.75 1 530.75 857.50 0 857.500 534.50 1 534.5 869.50 0 869.500 517.75 1 517.75 1095.00 0 1095.000 597.75 1 597.75 959.50 0 959.500 612.25 1 612.25 966.25 0 966.25

0 677.75 1 677.75 911.00 0 911.000 640.50 1 640.5 880.25 0 880.250 628.50 1 628.5 828.00 0 828.00

20 646.00 1 646 1506.50 0 1506.500 549.50 1 549.5 1512.00 0 1512.000 711.50 1 711.5 1605.50 0 1605.500 1079.75 1 1079.75 1589.50 15% 15 1604.500 937.50 1 937.5 1601.00 0 1601.000 764.50 1 764.5 1753.25 0 1753.250 816.75 1 816.75 1723.25 0 1723.250 785.75 1 785.75 1742.00 0 1742.00

0 772.25 1 772.25 1846.50 0 1846.500 670.00 1 670 1796.00 0 1796.000 756.00 1 756 1900.00 0 1900.000 882.75 1 882.75 1851.00 0 1851.00

20 788.25 1 788.25 1882.00 0 1882.000 614.75 1 614.75 1910.00 0 1910.000 632.25 1 632.25 1800.25 20% 20 1820.250 774.00 1 774 1981.25 0 1981.250 800.75 1 800.75 3144.00 0 3144.00

National Tea Company Limited100

United Leasing Company Limited100


10/60

0 776.00 1 776 3259.25 0 3259.250 875.50 1 875.5 3055.00 0 3055.000 922.00 1 922 3227.75 0 3227.750 1212.25 1 1212.25 3322.00 0 3322.000 1434.25 1 1434.25 3377.50 0 3377.500 1517.00 1 1517 3894.75 0 3894.75

0 1858.75 1 1858.75 4225.25 0 4225.257.5 2058.00 1 2058 4085.00 0 4085.00

0 968.25 1 968.25 3877.75 0 3877.750 1130.00 1 1130 3999.25 0 3999.250 1364.25 1 1364.25 3757.75 20% 20 3777.750 1547.75 1 1547.75 3809.25 0 3809.250 1682.75 1 1682.75 3717.50 0 3717.500 1903.00 1 1903 3757.00 0 3757.000 1825.75 1 1825.75 4398.75 0 4398.750 1933.75 1 1933.75 5963.75 0 5963.750 1841.50 1 1841.5 6306.00 0 6306.000 1732.00 1 1732 5787.00 0 5787.00


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No. of stocks

Dividendadjusted

price

closingprice

CashDiv.(%)

CashDiv.amou

nt

Cash Div.adjusted

price

Stock Div.(%)

No. of stocks

Dividendadjusted

price

closingprice

1 757.25 47.00 0 47.00 1 47 431.00

1 705 46.10 0 46.10 1 46.1 398.001 690 45.30 0 45.30 1 45.3 566.751 784.25 42.90 0 42.90 1 42.9 448.001 800 46.10 0 46.10 1 46.1 452.501 620 45.50 0 45.50 1 45.5 440.751 641.25 48.80 25% 2.5 51.30 1 51.3 468.251 602.25 47.50 0 47.50 1 47.5 529.751 571 43.70 0 43.70 1 43.7 466.251 573 44.00 0 44.00 1 44 409.501 571.75 42.10 0 42.10 1 42.1 441.251 580 45.00 0 45.00 1 45 438.75

1 606 49.50 0 49.50 1 49.5 440.751 570 45.00 0 45.00 1 45 419.751 803.75 44.50 0 44.50 1 44.5 454.251 693.5 46.00 0 46.00 1 46 563.251 721.75 47.10 0 47.10 1 47.1 495.001 857.5 44.70 0 44.70 1 44.7 529.251 869.5 55.20 25% 2.5 57.70 1 57.7 556.751 1095 51.10 0 51.10 1 51.1 652.251 959.5 51.10 0 51.10 1 51.1 646.501 966.25 54.40 0 54.40 1 54.4 629.00

1 911 54.40 0 54.40 1 54.4 573.751 880.25 53.70 0 53.70 1 53.7 591.501 828 53.00 0 53.00 1 53 572.001 1506.5 52.10 0 52.10 1 52.1 793.501 1512 134.8 0 134.80 1 134.8 1412.501 1605.5 129.90 30% 3 132.90 1 132.9 1882.001 1604.5 136.8 0 136.80 1 136.8 1979.501 1601 127.10 0 127.10 1 127.1 1598.751 1753.25 129.50 0 129.50 1 129.5 1619.501 1723.25 122.30 0 122.30 1 122.3 1701.251 1742 143.40 0 143.40 1 143.4 1603.25

1 1846.5 138.40 0 138.40 1 138.4 1677.501 1796 103.40 0 103.40 1 103.4 1351.751 1900 129.20 0 129.20 1 129.2 742.001 1851 139.9 0 139.90 1 139.9 727.751 1882 164.10 0 164.10 1 164.1 979.001 1910 208.80 0 208.80 1 208.8 1117.751 1820.25 185.80 30% 3 188.80 1 188.8 936.251 1981.25 186.90 0 186.90 1 186.9 1002.501 3144 199.30 0 199.30 1 199.3 1077.50

Ambee Pharmaceuticals Limited10


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1 3259.25 217.70 0 217.70 1 217.7 1062.751 3055 235.90 0 235.90 1 235.9 1111.501 3227.75 264.70 0 264.70 1 264.7 1191.251 3322 273.60 0 273.60 1 273.6 1221.251 3377.5 237.80 0 237.80 1 237.8 1170.251 3894.75 209.40 0 209.40 1 209.4 1005.50

1 4225.25 277.9 0 277.90 1 277.9 1116.501 4085 246.00 0 246.00 1 246 1011.001 3877.75 263.80 0 263.80 1 263.8 1042.001 3999.25 280.40 30% 3 283.40 1 283.4 1033.001 3777.75 242.60 0 242.60 1 242.6 1005.001 3809.25 234.20 0 234.20 1 234.2 967.501 3717.5 242.30 0 242.30 1 242.3 1004.001 3757 252.40 0 252.40 1 252.4 1067.001 4398.75 487.20 0 487.20 1 487.2 1064.251 5963.75 613.20 0 613.20 1 613.2 1006.501 6306 830.10 0 830.10 1 830.1 1035.501 5787 497.20 0 497.20 1 497.2 893.25


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CashDiv.(%)

CashDiv.amou

nt

Cash Div.adjusted

price

Stock Div.(%)

No. of stocks

Dividendadjusted

price

closingprice

CashDiv.(%)

CashDiv.amou

nt

Cash Div.adjusted

price0 431.00 1 431 1248.50 0 1248.50

0 398.00 1 398 1170.00 0 1170.000 566.75 1 566.75 1230.50 0 1230.500 448.00 1 448 1132.00 0 1132.000 452.50 1 452.5 1206.50 0 1206.500 440.75 1 440.75 1249.50 15% 15 1264.500 468.25 1 468.25 995.50 0 995.500 529.75 1 529.75 1250.25 0 1250.25

17% 17 483.25 1 483.25 1187.50 0 1187.500 409.50 1 409.5 1206.00 0 1206.000 441.25 1 441.25 1157.75 0 1157.750 438.75 1 438.75 1176.75 0 1176.75

0 440.75 1 440.75 1320.25 0 1320.250 419.75 1 419.75 1410.25 0 1410.250 454.25 1 454.25 1317.00 0 1317.000 563.25 1 563.25 1399.50 0 1399.500 495.00 1 495 1433.75 0 1433.750 529.25 1 529.25 2127.00 20% 20 2147.000 556.75 1 556.75 1901.50 0 1901.500 652.25 1 652.25 2441.00 0 2441.000 646.50 1 646.5 2410.00 0 2410.00

18% 18 647.00 1 647 2632.00 0 2632.00

0 573.75 1 573.75 2575.75 0 2575.750 591.50 1 591.5 2545.00 0 2545.000 572.00 1 572 3385.25 0 3385.250 793.50 1 793.5 3530.50 0 3530.500 1412.50 1 1412.5 4559.75 0 4559.750 1882.00 1 1882 4796.75 0 4796.750 1979.50 1 1979.5 5396.75 0 5396.750 1598.75 1 1598.75 5802.00 20% 20 5822.000 1619.50 1 1619.5 4104.75 0 4104.750 1701.25 1 1701.25 4066.50 0 4066.50

18% 18 1621.25 1 1621.25 4373.00 0 4373.00

0 1677.50 1 1677.5 4135.25 0 4135.250 1351.75 1 1351.75 3576.50 0 3576.500 742.00 1 742 3991.00 0 3991.000 727.75 1 727.75 3626.5 0 3626.500 979.00 1 979 3481.25 0 3481.250 1117.75 1 1117.75 4171.75 0 4171.750 936.25 1 936.25 3875.00 0 3875.000 1002.50 1 1002.5 4264.00 0 4264.000 1077.50 1 1077.5 4527.50 20% 20 4547.50

National Polymer Industries Limited National Life Insurance Co100 100


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0 1062.75 1 1062.75 3031.00 0 3031.000 1111.50 1 1111.5 3107.25 0 3107.25

18% 18 1209.25 1 1209.25 3047.50 0 3047.500 1221.25 1 1221.25 3084.50 0 3084.500 1170.25 1 1170.25 3505.00 0 3505.000 1005.50 1 1005.5 3708.00 0 3708.00

0 1116.50 1 1116.5 4213 0 4213.000 1011.00 1 1011 4192.50 0 4192.500 1042.00 1 1042 4381.50 0 4381.500 1033.00 1 1033 6770.00 0 6770.000 1005.00 1 1005 6705.00 0 6705.000 967.50 1 967.5 7958.00 0 7958.000 1004.00 1 1004 6602.25 0 6602.250 1067.00 1 1067 7091.00 0 7091.000 1064.25 1 1064.25 7230.75 0 7230.75

18% 18 1024.50 1 1024.5 7421.25 0 7421.250 1035.50 1 1035.5 7835.25 0 7835.250 893.25 1 893.25 7532.00 0 7532.00


15/60

Stock Div.(%)

No. of stocks

Dividendadjusted

price1 1248.5

1 11701 1230.51 11321 1206.51 1264.51 995.51 1250.251 1187.51 12061 1157.751 1176.75

1 1320.251 1410.251 13171 1399.51 1433.751 21471 1901.51 24411 24101 2632

1 2575.751 25451 3385.251 3530.51 4559.751 4796.751 5396.751 58221 4104.751 4066.51 4373

1 4135.251 3576.51 39911 3626.51 3481.251 4171.751 38751 42641 4547.5

mpany Limited


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1 30311 3107.251 3047.51 3084.51 35051 3708

1 42131 4192.51 4381.51 67701 67051 79581 6602.251 70911 7230.751 7421.251 7835.251 7532


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Closing Share Price of 10 Listed Companies

Asset Class Company January

Bank National Credit and Commerce Bank Limited 290.75Miscellaneous Bangladesh Shipping Corporation 551.25Cement Niloy Cement Industries Limited 46IT Sector Daffodil Computers Ltd. 20.9Engineering National Tube Limited 1161NBFI United Leasing Company Limited 834.50Food and Allied National Tea Company Limited 757.25Pharmaceuticals and Chemicals Ambee Pharmaceuticals Limited 47Engineering National Polymer Industries Limited 431Insurance National Life Insurance Company Limited 1248.5

DGEN 1555.42


18/60

Collection of Data

2006

February March April May June July August September October

276.25 281 294 232.75 229.5 237.5 282 279.75 266.25405.5 471.5 470 494.25 450.25 500 611.75 713.75 666.5

44.5 47.75 44 44.75 48.25 44.5 88 108.25 96.518 18.5 15.8 15.1 13.3 14 17.7 16.8 16.54

1055 1100 989 1003 1002.75 1010.25 1234 1196.5 1392915.50 559.50 527.50 525.50 520.25 709.17 603.75 551.50 560.25705.00 690.00 917.10 800.00 620.00 641.25 602.25 571.00 573.00

46.1 45.3 42.9 46.1 45.5 61 47.5 43.7 44398 566.75 448 452.5 440.75 468.25 529.75 545.5 409.5

1170 1230.5 1132 1206.5 1436.9 995.5 1250.25 1187.5 1206

1453.31 1425.3 1344.06 1302.26 1310.86 1379.18 1390.2 1352.5 1315.61


19/60

2007

November December January February March April May June July

274.25 289.25 318 293.5 321.2 250.25 275 335.00 360630.25 608.85 527.75 613.25 2775 2565 1853 1,714.23 1441.75

70.75 75.75 75.75 71 68.5 66 75.25 74.75 81.2513.8 14.1 16 17.3 15.6 15.4 15 15.00 15.2

1064 1024 1162.25 1139 1402.25 1334.5 1458.75 1,618.00 1838.75542.00 555.50 570.00 568.50 467.00 453.00 450.75 518.50 534.50571.75 580.00 606.00 570.00 803.73 808.20 721.75 857.50 869.50

42.1 45 49.5 45 44.5 46 47.1 44.7 69441.25 438.75 440.75 419.75 454.25 563.25 495 529.25 556.75

1157.75 1176.75 1320.25 1410.25 1317 1399.5 1433.75 2552.4 1901.5

1324.76 1406.36 1514.75 1467.1 1393.99 1392.55 1794.68 1882.09 2192.29


20/60

August September October November December January February March April

357.75 341.25 422.5 418 441.5 442.75 450.25 460.75 3601866.5 1907.5 1900 1832.25 1639.75 1564.7 3085.5 3134.5 3132113.25 165.75 156.75 150.5 156.25 149 141.25 187.25 151.75

14.8 14.6 19.7 18.9 15.7 15.6 16.2 19.9 20.72233.5 2615 2089.7 1768.75 1806.5 1890.25 2142.25 2509 2417.5517.75 603.75 612.25 642.25 635.25 628.50 751.20 560.50 711.50

1,095.00 959.50 966.25 911.00 880.25 828.00 1,506.50 1,512.00 1,605.5051.1 51.1 54.4 54.4 53.7 53 52.1 134.8 168.9

652.25 646.5 742.2 573.75 591.5 572 793.5 1412.5 18822441 2410 2632 2575.75 2545 3385.25 3530.5 4559.75 4796.75

1993.54 2002.61 2207.2 2332.48 2485.8 2359.59 2318.31 2317.34 2355.25


21/60

2008

May June July August September October November December January

393.5 432.75 401.5 399.5 385.5 344.25 328 365.75 327.753460.25 3144 2809.5 2490 3329.25 2752.75 2404 2505.5 2104.25

171 149 138 125.5 117.5 115.5 90.25 102.5 117.7520.8 21.4 21.2 20.7 21.3 25.7 20.3 25.1 27.00

2389 2489 2530.25 2554.75 2865.25 3123 1903.7 1602.5 1,497.251,079.75 937.50 764.50 816.75 785.75 772.25 670.00 756.00 882.751,827.90 1,601.00 1,753.25 1,723.25 1,742.00 1,846.50 1,796.00 1,900.00 1,851.00

136.8 127.1 129.5 122.3 143.4 138.4 103.4 129.2 139.901979.5 1598.75 1619.5 1701.25 1891.8 1677.5 1351.75 742 727.75

5396.75 6962.4 4104.75 4066.5 4373.5 4135.25 3576.5 3991 3626.5

2540.73 2545.17 2526.24 2441.53 2466.11 2351.91 2090.07 2328.71 2175.11


22/60

2009

February March April May June July August September October

327.75 314.75 271 259.75 314.25 338.75 355.25 252.25 369.52163.25 1960 1878.2 1759 2047.75 2448.25 3128.25 3626.5 5400

135.5 126.75 115.5 123.5 151.25 138.25 159.25 217 187.7529.7 31.7 26.9 29.7 35.2 35.3 38.3 52.5 67.3

1694.5 1611.5 1507.25 1671.5 1744 1973.75 2134.25 2278.75 2212.75921.90 615 632.25 774.00 800.75 776.00 875.50 922.00 1,212.25

1,882.00 1,910.00 2,160.30 1,981.25 3,144.00 3,259.25 3,055.00 3,227.75 3,322.00164.1 208.8 241.5 186.9 199.3 217.7 235.9 264.7 273.6

979 1117.75 936.25 1002.5 1077.5 1062.75 1111.5 1405.7 1221.253481.25 4171.75 3875 4264 4527.5 3031 3107.25 3047.5 3084.5

2085.93 1891.49 1976.85 2013.14 2453.73 2222.01 2098.81 2173.51 2253.23


23/60

2010

November December January February March April May June July

496.25 583 645 599.75 559 402.75 452.75 471.75 431.55650 5490 4280 4125 4029 4300 4084 4050 4000

198 186.75 238.25 216.25 259.5 241 219.75 255.75 24054.4 51.9 58 49.4 50.6 48.7 43.9 43.4 61.6

2331.5 1549.75 1704 1582.75 1609 1662.5 1642.25 1639.5 1692.51,434.25 1,517.00 1,858.75 2,204.30 968.25 1,130.00 1,364.25 1,547.75 1,682.753,377.50 3,894.75 4,225.25 4,085.00 3,877.75 3,999.25 4,509.25 3,809.25 3,717.50

237.8 209.4 277.9 246 263.8 364.52 242.6 234.2 242.31170.25 1005.5 1116.5 1011 1042 1033 1005 967.5 1004

3505 3708 4213 4192.5 4381.5 6770 6705 7958 6602.25

2513.53 2613.49 3030.19 2992.93 2952.01 3039.17 3432.23 3650.04 3721.78


24/60

August September October November December

433.75 464 569.5 78 68.83678 3459.5 3645.5 3116.25 3542.5

241.25 260.75 260 260 26045.6 47.8 47 46 46.5

1809 1758.5 1819.25 1823.4 1470.51903 1825.75 1933.75 1841.5 17323757 4398.75 5963.75 6306 5787

252.4 487.2 613.2 830.1 497.21067 1064.25 1187.67 1035.5 893.257091 7230.75 7421.25 7835.25 7532

3874.5 4137.93 4533.18 5119.13 5204.98


25/60

Asset Class Compnay January

Bank National Credit and Commerce Bank LimitedMiscellaneous Bangladesh Shipping CorporationCement Niloy Cement Industries LimitedIT Sector Diffodil Computers Ltd.Engineering National Tube LimitedNBFI United Leasing Company LimitedFood and Allied National Tea Company LimitedPharmaceuticals and Chemicals Ambee Pharmaceuticals LimitedEngineering National Polymer Industries LimitedInsurance National Life Insurance Company Limited


26/60

Preparation of Return Series

2006

February March April May June July August

-0.05115754 0.01704842 0.045225098 -0.233614851 -0.014061887 0.034264594 0.171739447-0.30706755 0.15079823 -0.00318641 0.050308767 -0.093238478 0.104805114 0.201715604-0.03315221 0.07048988 -0.08178943 0.016901811 0.075304383 -0.080906639 0.681847625

-0.1493774 0.02739897 -0.15776079 -0.045315196 -0.126930709 0.051293294 0.23450731-0.09574094 0.04176941 -0.10637113 0.014056456 -0.000249283 0.007451599 0.2000631010.092637621 -0.49242684 -0.05889466 -0.003798675 -0.010040725 0.309785807 -0.160935067-0.07149565 -0.02150621 0.28452492 -0.13660479 -0.25489225 0.033699918 -0.062746755-0.01933465 -0.01750592 -0.05443521 0.071941124 -0.013100624 0.293161538 -0.250144153-0.07965608 0.35346628 -0.23512506 0.009994531 -0.026309942 0.06052452 0.123402856-0.06493908 0.05041684 -0.08343461 0.063737626 0.174764409 -0.366998171 0.227853687


27/60

September October November December January February March

-0.008010724 -0.04946063 0.029604382 0.053251267 0.094760017 -0.080173744 0.0901863430.154209059 -0.068492621 -0.055923574 -0.034544634 -0.142949245 0.150149996 1.5096333430.207106552 -0.114900359 -0.310390472 0.068285908 0 -0.064758567 -0.035846132

-0.052185753 -0.015597197 -0.181113097 0.021506205 0.126413925 0.078117779 -0.103435587-0.030860297 0.151340934 -0.268706171 -0.038318864 0.126641255 -0.020207097 0.207927405-0.090518366 0.015741274 -0.033117111 0.024602608 0.025767752 -0.002635048 -0.196672056-0.053283432 0.003496507 -0.002183884 0.014326271 0.043851883 -0.061243625 0.343627031-0.083381609 0.006841532 -0.044141893 0.066614749 0.09531018 -0.09531018 -0.0111733010.029297608 -0.286765902 0.074674705 -0.005681833 0.004548046 -0.048818525 0.078988411

-0.051493274 0.015458841 -0.040830632 0.016277935 0.115064711 0.065945881 -0.068410571


28/60

2007

April May June July August September October

-0.24960356 0.094310679 0.197359434 0.0719735 -0.006269613 -0.047219072 0.2135741-0.07869227 -0.325152531 -0.077841947 -0.173106347 0.258207366 0.021728465 -0.003939598

-0.037179 0.131161162 -0.006666691 0.083381609 0.332066943 0.380882865 -0.05582845-0.0129034 -0.026317308 0 0.013245227 -0.026668247 -0.013605652 0.299597107-0.0495214 0.089023215 0.103610914 0.127895174 0.194483869 0.157694236 -0.224243583

-0.03043713 -0.004979263 0.140027166 0.030391703 -0.03183923 0.153667705 0.0139804910.005546161 -0.113130734 0.17234236 0.013897155 0.230591308 -0.132097327 0.0070102840.033152207 0.023631605 -0.052299499 0.434133003 -0.300322007 0 0.0625796570.215075872 -0.129165817 0.066903147 0.050655396 0.158311618 -0.008854726 0.138045550.060758607 0.024178359 0.576740704 -0.294391045 0.249764743 -0.012781044 0.088117266


29/60

November December January February March April

-0.010708014 0.054696588 0.002827257 0.016797707 0.023052612 -0.246751565-0.036309166 -0.111000929 -0.046849679 0.679019606 0.015755953 -0.000797894-0.040689095 0.037494204 -0.047510983 -0.053414936 0.281913252 -0.210210192-0.041456714 -0.18550121 -0.006389798 0.037740328 0.205708489 0.039413969-0.166747433 0.021118189 0.045317824 0.125147583 0.158027589 -0.037150319

0.04783694 -0.010959014 -0.010682594 0.1783359 -0.292842685 0.238546175-0.058879703 -0.034336939 -0.061192804 0.598531204 0.003644198 0.060001957

0 -0.012951152 -0.013121088 -0.017126965 0.95062725 0.225514625-0.257424987 0.030467922 -0.033522692 0.327314549 0.576662923 0.286973857

-0.02160326 -0.012010104 0.285297109 0.042011745 0.255828293 0.050670808


30/60

2008

May June July August September October November

0.088977036 0.095079126 -0.074952661 -0.004993768 -0.035672572 -0.113173055 -0.0483545290.099669063 -0.095844966 -0.112489343 -0.120723821 0.290464343 -0.190146641 -0.1354663950.119429127 -0.137717251 -0.076692621 -0.094947927 -0.065867425 -0.017167804 -0.2466869330.004819286 0.028437935 -0.00938974 -0.023867481 0.028573372 0.187783919 -0.235870106-0.01185908 0.041006155 0.016437089 0.009636259 0.114701235 0.086138472 -0.4949947170.417109394 -0.141268054 -0.203994732 0.066111025 -0.038694375 -0.017330344 -0.1420306190.129732532 -0.132539333 0.090842774 -0.017259166 0.010821836 0.058258077 -0.027729985

-0.210786819 -0.073545827 0.018706703 -0.057203838 0.159160885 -0.035489885 -0.2915430810.050509246 -0.213622214 0.012895386 0.049245815 0.106165482 -0.120224167 -0.2159045410.117858315 0.254727322 -0.528379403 -0.009362161 0.072780925 -0.056015818 -0.145163118


31/60

December January February March April May June

0.108936432 -0.109698917 0 -0.04047245 -0.149659852 -0.042399191 0.1904692170.041354299 -0.174529206 0.027652611 -0.098667247 -0.042630602 -0.065568406 0.1519961640.127279201 0.138700934 0.140407907 -0.066754998 -0.092946113 0.066970626 0.202692941

0.21224696 0.07296902 0.09531018 0.065169635 -0.164190394 0.099020759 0.169899037-0.172234451 -0.067934818 0.12375762 -0.05022229 -0.066878624 0.103434628 0.0424598990.120763664 0.155000659 0.043394723 -0.405221077 0.028069204 0.202286988 0.0339769150.056291916 -0.026127853 0.016609008 0.014768201 0.123143859 -0.086519142 0.4617679160.222756629 0.07956629 0.159548116 0.240900858 0.145492617 -0.256295759 0.064237513

-0.599806085 -0.019391661 0.29657406 0.132541373 -0.17719048 0.068369624 0.0721466630.109657158 -0.09577383 -0.040876571 0.180944187 -0.073789949 0.095662024 0.059962224


32/60

2009

July August September October November December January

0.075073525 0.047559395 -0.342401108 0.381730081 0.294929092 0.161107354 0.101063130.178631854 0.245100259 0.147794253 0.398130958 0.045256592 -0.02872729 -0.248975246

-0.089870457 0.141411654 0.309422059 -0.144786063 0.05315574 -0.058496207 0.2435497190.002836881 0.081566932 0.315363273 0.248347067 -0.212796083 -0.047045364 0.111124220.123753961 0.07818001 0.06551175 -0.029390961 0.052275751 -0.40841821 0.094884801

-0.031396268 0.120642632 0.051750072 0.273688192 0.168163927 0.056092636 0.2031695180.036001233 -0.064717515 0.055005707 0.028781711 0.01656878 0.142493702 0.0814489380.088306741 0.080290018 0.115189123 0.033070077 -0.140237201 -0.127183686 0.283015038

-0.013783655 0.044850566 0.234824945 -0.140660475 -0.042657523 -0.151732471 0.104713862-0.401277313 0.024845493 -0.019416508 0.012067987 0.127800951 0.056302127 0.127682335


33/60

2010


-0.07273742 -0.070363429 -0.327833451 0.117024075 0.041109087 -0.089181674 0.005200821-0.03688699 -0.023547814 0.065096816 -0.051538122 -0.008360019 -0.01242252 -0.083925235

-0.0968854 0.182321557 -0.073959769 -0.092306397 0.151709868 -0.063561481 0.005194817-0.16049259 0.024001152 -0.038272546 -0.10376471 -0.011454879 0.350202429 -0.300754154-0.07381459 0.016449028 0.032709626 -0.012255241 -0.001675935 0.031815409 0.0665674810.17050578 -0.822674959 0.154482593 0.188387194 0.126197436 0.083627096 0.123002228-0.0337567 -0.05206664 0.030851755 0.120023999 -0.168698523 -0.02438092 0.010569367-0.1219298 0.069859704 0.323390179 -0.407167423 -0.035238545 0.034001177 0.040838503

-0.09925885 0.030202003 -0.008674753 -0.027479649 -0.038027396 0.037031875 0.060858951-0.00487777 0.044093917 0.435109955 -0.00964757 0.171324195 -0.186767212 0.071415874


34/60

September October November December

0.067416221 0.204874231 -1.988049956 -0.125505082-0.061245056 0.05236946 -0.156863174 0.1282023370.077728354 -0.002880463 0 00.047117923 -0.016878038 -0.021506205 0.010810916

-0.028313033 0.033963155 0.002278562 -0.215100411-0.041440727 0.057470261 -0.048880666 -0.0613036470.157699643 0.304379068 0.055802083 -0.0858875390.657659586 0.230016431 0.302855028 -0.512553816

-0.002580647 0.109723079 -0.137109003 -0.1477731840.019516391 0.026004741 0.054285277 -0.039472173


35/60

Asset Class Compnay January

Bank National Credit and Commerce Bank LimitedMiscellaneous Bangladesh Shipping CorporationCement Niloy Cement Industries LimitedIT Sector Diffodil Computers Ltd.Engineering National Tube LimitedNBFI United Leasing Company LimitedFood and Allied National Tea Company Limited

Pharmaceuticals and Chemicals Ambee Pharmaceuticals LimitedEngineering National Polymer Industries LimitedInsurance National Life Insurance Company Limited

DGEN

5.3%36.40%

-10.67%

Weight of the securitiesWeight within Industry

Weighted return


36/60

Calculating Mean

2006


-0.051157539 0.017048417 0.045225098 -0.233614851 -0.014061887 0.034264594 0.17173945-0.307067553 0.150798229 -0.003186407 0.050308767 -0.093238478 0.104805114 0.2017156-0.033152207 0.070489878 -0.081789433 0.016901811 0.075304383 -0.080906639 0.68184763-0.149377401 0.027398974 -0.157760792 -0.045315196 -0.126930709 0.051293294 0.23450731-0.095740936 0.041769413 -0.106371127 0.014056456 -0.000249283 0.007451599 0.20006310.092637621 -0.492426836 -0.058894662 -0.003798675 -0.010040725 0.309785807 -0.16093507

-0.071495647 -0.021506205 0.28452492 -0.13660479 -0.25489225 0.033699918 -0.06274675

-0.019334652 -0.017505918 -0.054435207 0.071941124 -0.013100624 0.293161538 -0.25014415-0.079656085 0.353466284 -0.235125057 0.009994531 -0.026309942 0.06052452 0.12340286-0.064939082 0.050416842 -0.083434611 0.063737626 0.174764409 -0.366998171 0.22785369

-0.067901892 -0.019461396 -0.058687434 -0.031593667 0.006582194 0.050805709 0.0079585

37.84% 35.23% 16.27% 4.81% 14.85% 47.98% 173.75%9.2% 0.0% 9.5% 12.9% 33.8% 23.4% 0.0%

63.60% 0.00% 100.00% 100.00% 100.00% 100.00% 0.00%

24.06% 0.00% 16.27% 4.81% 14.85% 47.98% 0.00%


37/60

Return

September October November December January February March

-0.008010724 -0.04946063 0.029604382 0.053251267 0.09476002 -0.080173744 0.0901863430.154209059 -0.068492621 -0.055923574 -0.034544634 -0.14294925 0.150149996 1.5096333430.207106552 -0.114900359 -0.310390472 0.068285908 0 -0.064758567 -0.035846132

-0.052185753 -0.015597197 -0.181113097 0.021506205 0.12641392 0.078117779 -0.103435587-0.030860297 0.151340934 -0.268706171 -0.038318864 0.12664125 -0.020207097 0.207927405-0.090518366 0.015741274 -0.033117111 0.024602608 0.02576775 -0.002635048 -0.196672056-0.053283432 0.003496507 -0.002183884 0.014326271 0.04385188 -0.061243625 0.343627031

-0.083381609 0.006841532 -0.044141893 0.066614749 0.09531018 -0.09531018 -0.0111733010.029297608 -0.286765902 0.074674705 -0.005681833 0.00454805 -0.048818525 0.078988411

-0.051493274 0.015458841 -0.040830632 0.016277935 0.11506471 0.065945881 -0.068410571

-0.02749289 -0.027654295 0.006930875 0.059773495 0.0742456 -0.031962746 -0.051117524

0.00% 0.00% 0.00% 0.00% 0.00%5.9% 0.0%

100.00% 0.00%

0.00% 0.00%


38/60

2007

April May June July August September October

-0.249603564 0.094310679 0.197359434 0.0719735 -0.00626961 -0.047219072 0.2135741-0.078692269 -0.325152531 -0.077841947 -0.173106347 0.25820737 0.021728465 -0.003939598-0.037179003 0.131161162 -0.006666691 0.083381609 0.33206694 0.380882865 -0.05582845-0.012903405 -0.026317308 0 0.013245227 -0.02666825 -0.013605652 0.299597107

-0.0495214 0.089023215 0.103610914 0.127895174 0.19448387 0.157694236 -0.224243583-0.030437132 -0.004979263 0.140027166 0.030391703 -0.03183923 0.153667705 0.0139804910.005546161 -0.113130734 0.17234236 0.013897155 0.23059131 -0.132097327 0.007010284

0.033152207 0.023631605 -0.052299499 0.434133003 -0.30032201 0 0.0625796570.215075872 -0.129165817 0.066903147 0.050655396 0.15831162 -0.008854726 0.138045550.060758607 0.024178359 0.576740704 -0.294391045 0.24976474 -0.012781044 0.088117266

-0.00103354 0.253690134 0.047556128 0.152563798 -0.09503471 0.004539377 0.097273414


39/60

November December January February March April May

-0.01070801 0.054696588 0.002827257 0.016797707 0.023052612 -0.246751565 0.088977036-0.03630917 -0.11100093 -0.046849679 0.679019606 0.015755953 -0.000797894 0.099669063

-0.0406891 0.037494204 -0.047510983 -0.053414936 0.281913252 -0.210210192 0.119429127-0.04145671 -0.18550121 -0.006389798 0.037740328 0.205708489 0.039413969 0.004819286-0.16674743 0.021118189 0.045317824 0.125147583 0.158027589 -0.037150319 -0.011859080.04783694 -0.01095901 -0.010682594 0.1783359 -0.292842685 0.238546175 0.417109394-0.0588797 -0.03433694 -0.061192804 0.598531204 0.003644198 0.060001957 0.129732532

0 -0.01295115 -0.013121088 -0.017126965 0.95062725 0.225514625 -0.210786819-0.25742499 0.030467922 -0.033522692 0.327314549 0.576662923 0.286973857 0.050509246-0.02160326 -0.0120101 0.285297109 0.042011745 0.255828293 0.050670808 0.117858315

0.05520734 0.06366246 -0.052106664 -0.017649403 -0.000418496 0.016226903 0.075804562


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2008

June July August September October November December

0.095079126 -0.074952661 -0.004993768 -0.035672572 -0.11317306 -0.048354529 0.108936432-0.095844966 -0.112489343 -0.120723821 0.290464343 -0.19014664 -0.135466395 0.041354299-0.137717251 -0.076692621 -0.094947927 -0.065867425 -0.0171678 -0.246686933 0.1272792010.028437935 -0.00938974 -0.023867481 0.028573372 0.187783919 -0.235870106 0.212246960.041006155 0.016437089 0.009636259 0.114701235 0.086138472 -0.494994717 -0.172234451

-0.141268054 -0.203994732 0.066111025 -0.038694375 -0.01733034 -0.142030619 0.120763664-0.132539333 0.090842774 -0.017259166 0.010821836 0.058258077 -0.027729985 0.056291916

-0.073545827 0.018706703 -0.057203838 0.159160885 -0.03548988 -0.291543081 0.222756629-0.213622214 0.012895386 0.049245815 0.106165482 -0.12022417 -0.215904541 -0.5998060850.254727322 -0.528379403 -0.009362161 0.072780925 -0.05601582 -0.145163118 0.109657158

0.001746004 -0.007465414 -0.034107139 0.010017118 -0.04741425 -0.118030206 0.108116908


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2009

January February March April May June July

-0.109698917 0 -0.04047245 -0.149659852 -0.042399191 0.190469217 0.075073525-0.174529206 0.027652611 -0.098667247 -0.042630602 -0.065568406 0.151996164 0.1786318540.138700934 0.140407907 -0.066754998 -0.092946113 0.066970626 0.202692941 -0.089870457

0.07296902 0.09531018 0.065169635 -0.164190394 0.099020759 0.169899037 0.002836881-0.067934818 0.12375762 -0.05022229 -0.066878624 0.103434628 0.042459899 0.1237539610.155000659 0.043394723 -0.405221077 0.028069204 0.202286988 0.033976915 -0.031396268

-0.026127853 0.016609008 0.014768201 0.123143859 -0.086519142 0.461767916 0.036001233

0.07956629 0.159548116 0.240900858 0.145492617 -0.256295759 0.064237513 0.088306741-0.019391661 0.29657406 0.132541373 -0.17719048 0.068369624 0.072146663 -0.013783655

-0.09577383 -0.040876571 0.180944187 -0.073789949 0.095662024 0.059962224 -0.401277313

-0.068235228 -0.041864439 -0.097849921 0.044139791 0.018191023 0.197913624 -0.099197124


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August September October November December January February

0.04755939 -0.342401108 0.381730081 0.294929092 0.161107354 0.10106313 -0.0727374150.24510026 0.147794253 0.398130958 0.045256592 -0.02872729 -0.248975246 -0.036886990.14141165 0.309422059 -0.144786063 0.05315574 -0.058496207 0.243549719 -0.0968853970.08156693 0.315363273 0.248347067 -0.212796083 -0.047045364 0.11112422 -0.1604925860.07818001 0.06551175 -0.029390961 0.052275751 -0.40841821 0.094884801 -0.0738145880.12064263 0.051750072 0.273688192 0.168163927 0.056092636 0.203169518 0.170505779

-0.06471751 0.055005707 0.028781711 0.01656878 0.142493702 0.081448938 -0.033756702

0.08029002 0.115189123 0.033070077 -0.140237201 -0.127183686 0.283015038 -0.1219298010.04485057 0.234824945 -0.140660475 -0.042657523 -0.151732471 0.104713862 -0.0992588520.02484549 -0.019416508 0.012067987 0.127800951 0.056302127 0.127682335 -0.004877768

-0.05704167 0.034972855 0.03602137 0.109323397 0.038998353 0.147938831 -0.012372483


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2010

March April May June July August

-0.070363429 -0.327833451 0.117024075 0.041109087 -0.089181674 0.005200821-0.023547814 0.065096816 -0.051538122 -0.008360019 -0.01242252 -0.0839252350.182321557 -0.073959769 -0.092306397 0.151709868 -0.063561481 0.0051948170.024001152 -0.038272546 -0.10376471 -0.011454879 0.350202429 -0.3007541540.016449028 0.032709626 -0.012255241 -0.001675935 0.031815409 0.066567481

-0.822674959 0.154482593 0.188387194 0.126197436 0.083627096 0.123002228-0.05206664 0.030851755 0.120023999 -0.168698523 -0.02438092 0.010569367

0.069859704 0.323390179 -0.407167423 -0.035238545 0.034001177 0.0408385030.030202003 -0.008674753 -0.027479649 -0.038027396 0.037031875 0.0608589510.044093917 0.435109955 -0.00964757 0.171324195 -0.186767212 0.071415874

-0.013766546 0.029098158 0.121625744 0.061527931 0.019463922 0.040214574


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September October November December Mean Standard Deviation

0.067416221 0.204874231 -1.988049956 -0.125505082 -0.024428136 0.293249003-0.061245056 0.05236946 -0.156863174 0.128202337 0.031532196 0.2568447740.077728354 -0.002880463 0 0 0.029356614 0.1632275730.047117923 -0.016878038 -0.021506205 0.010810916 0.013554291 0.135195778

-0.028313033 0.033963155 0.002278562 -0.215100411 0.004005437 0.134173265-0.041440727 0.057470261 -0.048880666 -0.061303647 0.01237626 0.1916346070.157699643 0.304379068 0.055802083 -0.085887539 0.034469082 0.144793001

0.657659586 0.230016431 0.302855028 -0.512553816 0.03998042 0.227849341-0.002580647 0.109723079 -0.137109003 -0.147773184 0.012351837 0.1767970840.019516391 0.026004741 0.054285277 -0.039472173 0.030461318 0.175113207

0.065779041 0.091228017 0.121560823 0.016631357 0.020472377 0.073495463


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-29.31%37.84%35.23%16.27%

4.81%14.85%41.36%

47.98%14.82%36.55%

24.57%

Annual Return


46/60

Calculating The Risk Free Return

Year

20102009200820072006

Risk Free Return Over the Last 5 Years


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Six month T-Bill

0.04850.05750.058

0.05820.0585

0.004675


48/60

Preparing The Excess Return

WeightsCompany Mean Return Risk Free Rate Excess Return

National Credit and Commerce Bank Limited -0.024428136 0.004675 -0.029103136Bangladesh Shipping Corporation 0.031532196 0.004675 0.026857196Niloy Cement Industries Limited 0.029356614 0.004675 0.024681614Diffodil Computers Ltd. 0.013554291 0.004675 0.008879291National Tube Limited 0.004005437 0.004675 -0.000669563United Leasing Company Limited 0.01237626 0.004675 0.00770126National Tea Company Limited 0.034469082 0.004675 0.029794082

Ambee Pharmaceuticals Limited 0.03998042 0.004675 0.03530542National Polymer Industries Limited 0.012351837 0.004675 0.007676837

National Life Insurance Company Limited 0.030461318 0.004675 0.025786318


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Company Mean Return Risk Free Rate

National Credit and Commerce Bank Limited -0.024428136 0.004675Bangladesh Shipping Corporation 0.031532196 0.004675Niloy Cement Industries Limited 0.029356614 0.004675Diffodil Computers Ltd. 0.013554291 0.004675National Tube Limited 0.004005437 0.004675United Leasing Company Limited 0.01237626 0.004675National Tea Company Limited 0.034469082 0.004675

Ambee Pharmaceuticals Limited 0.03998042 0.004675National Polymer Industries Limited 0.012351837 0.004675National Life Insurance Company Limited 0.030461318 0.004675

Calcu


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Preparing The Covariance Matrix

NCCBL BSC NCIL DCL NTLWeights 0.1 0.1 0.1 0.1 0.1

Excess Return covariance covariance covariance covariance covariance

-0.029103136 0.084537436 0.010954624 0.00288659 0.002187096 0.0006194170.026857196 0.010954624 0.064851115 0.001982745 0.002756376 0.0093004420.024681614 0.00288659 0.001982745 0.02619166 0.007733253 0.0101756980.008879291 0.002187096 0.002756376 0.007733253 0.017968103 0.004235616

-0.000669563 0.000619417 0.009300442 0.010175698 0.004235616 0.0176973380.00770126 0.004980746 -0.002492575 -0.003638852 5.4514E-05 -0.000208759

0.029794082 0.003899737 0.017123841 -0.001703832 0.000730453 0.0022660160.03530542 -0.010801717 -0.005520121 0.002843503 0.008239904 0.006885381

0.007676837 0.002106323 0.0096688 0.007578902 0.005307792 0.0097100930.025786318 0.001461389 -0.000800238 0.006683627 0.001552178 0.003576029

lating Portfolio Variance

Portfolio Excess Return 0.013690932Portfolio Variance 0.006556384Portfolio Standard Deviation 0.080971499Theta 0.169083346

Weight 1


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ULCL NTCL APL NPIL NLICL0.1 0.1 0.1 0.1 0.1

covariance covariance covariance covariance covariance

0.004980746 0.003899737 -0.010801717 0.002106323 0.001461389 0.1-0.002492575 0.017123841 -0.005520121 0.0096688 -0.000800238 0.1-0.003638852 -0.001703832 0.002843503 0.007578902 0.006683627 0.1

5.4514E-05 0.000730453 0.008239904 0.005307792 0.001552178 0.1-0.000208759 0.002266016 0.006885381 0.009710093 0.003576029 0.10.036101385 0.003052757 -0.004768593 -0.005356946 0.000304985 0.10.003052757 0.020609674 0.002684069 0.004744127 -0.000869897 0.1

-0.004768593 0.002684069 0.051035402 0.012055083 7.60682E-05 0.1-0.005356946 0.004744127 0.012055083 0.030727426 0.00363032 0.10.000304985 -0.000869897 7.60682E-05 0.00363032 0.030144896 0.1


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Company Mean Return Risk Free Rate

National Credit and Commerce Bank Limited -0.024428136 0.004675Bangladesh Shipping Corporation 0.031532196 0.004675Niloy Cement Industries Limited 0.029356614 0.004675Diffodil Computers Ltd. 0.013554291 0.004675National Tube Limited 0.004005437 0.004675United Leasing Company Limited 0.01237626 0.004675National Tea Company Limited 0.034469082 0.004675

Ambee Pharmaceuticals Limited 0.03998042 0.004675National Polymer Industries Limited 0.012351837 0.004675National Life Insurance Company Limited 0.030461318 0.004675


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Maximizing Theta By Not Allowing Short Sell

NCCBL BSC NCIL DCL NTLWeights 0 0.028174597 0.210704876 0 0

Excess Return covariance covariance covariance covariance covariance

-0.029103136 0.084537436 0.010954624 0.00288659 0.002187096 0.0006194170.026857196 0.010954624 0.064851115 0.001982745 0.002756376 0.0093004420.024681614 0.00288659 0.001982745 0.02619166 0.007733253 0.0101756980.008879291 0.002187096 0.002756376 0.007733253 0.017968103 0.004235616

-0.000669563 0.000619417 0.009300442 0.010175698 0.004235616 0.0176973380.00770126 0.004980746 -0.00249258 -0.003638852 5.4514E-05 -0.000208759

0.029794082 0.003899737 0.017123841 -0.001703832 0.000730453 0.0022660160.03530542 -0.010801717 -0.00552012 0.002843503 0.008239904 0.006885381

0.007676837 0.002106323 0.0096688 0.007578902 0.005307792 0.0097100930.025786318 0.001461389 -0.00080024 0.006683627 0.001552178 0.003576029

Portfolio Excess Return 0.027247524Portfolio Variance 0.007094409Portfolio Standard Deviation 0.084228314Theta 0.323496021

Weight 1

3.19%38.31%

Monthly portfolio returnAnnual portfolio return


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ULCL NTCL APL NPIL NLICL0.068830748 0.347311357 0.159328839 0 0.185649584covariance covariance covariance covariance covariance

0.004980746 0.003899737 -0.010801717 0.002106323 0.001461389 0-0.00249258 0.017123841 -0.005520121 0.0096688 -0.000800238 0.028174597-0.00363885 -0.001703832 0.002843503 0.007578902 0.006683627 0.2107048765.4514E-05 0.000730453 0.008239904 0.005307792 0.001552178 0

-0.00020876 0.002266016 0.006885381 0.009710093 0.003576029 00.036101385 0.003052757 -0.004768593 -0.005356946 0.000304985 0.0688307480.003052757 0.020609674 0.002684069 0.004744127 -0.000869897 0.347311357-0.00476859 0.002684069 0.051035402 0.012055083 7.60682E-05 0.159328839-0.00535695 0.004744127 0.012055083 0.030727426 0.00363032 00.000304985 -0.000869897 7.60682E-05 0.00363032 0.030144896 0.185649584


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PORTFOLIO MARKETR(annual) 38.31% 24.57%STD 0.0842283 0.073495463RFR(annual) 5.610% 5.610%

Tm 2.579322839Tp 3.881952257


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PORTFOLIO MARKETR(annual) 38.31% 24.57%

Beta 0.0000000 1.00

RFR(annual) 5.610% 5.610%

Tp #DIV/0!Tm 0.189568526


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portfolio return port stdev port beta R2 ratio of total risk2.72% 8.42% X Variable R Square 1.1460

DGEN return 24.567%

RFR 5.610%

stdev(mkt) 0.073495463

required retun for port beta #VALUE!required retun for total risk ratio 27.335%


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overall performance Systematic risk selectivity diversification net selectivity-2.89% #VALUE! #VALUE! #VALUE! #VALUE!


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INDUSTRY MCAP (BDTmn)% of aggregate

MCAP reweightBank 589,683,399,820 22.27% 64.68%

Cement 32,662,238,142 1.23% 3.58%

Engineering 111,125,954,405 4.20% 12.19%

Food & Allied 49,004,588,848 1.85% 5.37%

Insurance 115,555,228,280 4.36% 12.67%

Pharmaceuticals 13,694,487,000 0.52% 1.50%

AGGREGATE MKT CAP 2,647,935,900,704

Industry W(bi) W (pi) excess weightBank 64.68% 0.00% -64.68%

Cement 3.58% 21.07% 17.49%Engineering 12.19% 0.00% -12.19%Food & Allied 5.37% 34.73% 29.36%Insurance 12.67% 18.56% 5.89%Pharmaceutical 1.50% 15.93% 14.43%

Overall benchmark return(Rb) #REF!

Overall actual return 42.60%

#REF!

Allocation effect #VALUE!

Selection effect -130.56%

Total value added #VALUE!


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R(bi) R(pi) excess return W(bi) *R(bi) W(pi) *R(pi) (Wpi-Wbi)*(RW pi*(Rpi-Rbi)-7.7616 0.583401 834.50% 0.00% 0.00% #VALUE! 0.0000

2.0988 47.88% -162.00% 0.00% 10.09% #VALUE! -0.3413-1.4628 43.06% 189.34% 0.00% 0.00% #VALUE! 0.00003.5232 47.97% -304.35% #REF! 16.66% #VALUE! -1.05710.7068 44.92% -25.76% #REF! 8.34% #VALUE! -0.04781.7316 47.18% -125.98% #REF! 7.52% #VALUE! -0.2007

efficient portfolio construction with the listed companies in dse

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