First Capital Securities Limited

You made it through another week. That deserves a proper rest tonight. But before the weekend slips by just one thought. You spend so much energy looking after your family, your work, the people around you. Somewhere in all of that, looking after your own future often gets quietly pushed aside. Not because it doesn't matter. Just because the week never seems to slow down enough. This Sunday, slow down for one hour. Come to your nearest First Capital Securities Limited branch. Bring nothing but your time. We will make the tea. We will listen. And together we will simply figure out what makes sense for you your situation, your pace, your life. No complicated language. No targets to meet. Just two people talking about what tomorrow could look like. You deserve that conversation. We are here whenever you are ready. 💚 Fcslbd.com #weareFCSL #weCARE

In this fast-paced corporate life, we are all racing against time. But if your hard-earned savings are just sitting idle, inflation is quietly eroding their real value every single day. While an FDR or traditional savings might offer a sense of security, are they truly protecting your purchasing power? Now is the time to transform your idle capital into active assets. Build a secondary income stream by becoming a stakeholder in the country’s leading enterprises. First Capital Securities Limited (FCSL) provides you with the precise, data-driven guidance you need. Don't let your money rest; make it work for you. Start your smart investment journey today. Visit us at: fcslbd.com #SmartInvestment #PassiveIncome #WeareFCSL #InvestmentStrategy #FinancialGrowth

When you return home, you may carry countless receipts, a few electronic gadgets, and endless memories of your family’s smiles.  But pause for a moment in your absence, has your hard‑earned money built any lasting assets for you?  Even if a small portion of what you send every month were invested wisely, today your savings could have reached the sky giving you true financial freedom.  Time hasn’t run out yet.   Turn every scorching day abroad into purpose into a permanent legacy.   Let your remittance become a stake in the nation’s growing enterprises.   Your conscious investment today will secure the future of your family tomorrow.  And on this long journey, your trusted companion is First Capital Securities Limited (FCSL).  Since 1995, we haven’t just managed investments we’ve stood beside every drop of your sweat, turning it into a strong inheritance.  Let the foundation of your next generation be built today.  fcslbd.com #NRB #WeAreFCSL

Bangladesh does not have a capital problem. It has a visibility problem. The regulation exists. The BSEC built the legal foundation for private equity and venture capital over a decade ago, before the industry demanded it. Yet PE/VC today represents just 0.03% of a USD 461B economy. The SME financing gap stands at USD 2.8B. USD 21B flows home in remittances every year. These are not failure numbers. They are the size of the opportunity. Now consider what early conviction returned in real numbers. Vietnam 2007. Mekong Capital entered Mobile World at 7 stores. Exit in 2018: 57x return. Golden Gate restaurants: 9x. Traphaco pharma: 6.3x gross. All from one moment when a frontier market opened its regulatory door, and patient capital walked through. Indonesia 2010. Patient institutional capital entered a fragmented, governance-challenged market. That capital helped build Tokopedia and Gojek. Kenya 2010. A USD 35B economy is dismissed as too informal. First-mover funds entered. Nairobi became Sub-Saharan Africa's PE hub within a decade. Here is what makes Bangladesh different and better. Bangladesh's per capita income today is USD 2,911. That is 3.4x higher than Vietnam's at its PE inflection point. The economy is 13x larger than Kenya's was at entry. The regulatory framework already exists. BSEC's Alternative Investment Rules have been in place since 2015. GDP is forecast to recover to 5.1% in FY2026 and rise through 2030. If Bangladesh's PE/VC penetration moves from 0.03% to just 0.3% of GDP, still a fraction of Vietnam's current intensity, that is a USD 2.3B market created from nearly nothing. Top-quartile Asia-Pacific PE funds at frontier market entry have delivered 20–42% IRR. The conditions that produced those returns are present in Bangladesh today in greater measure than in any comparable market at its equivalent inflection point. To fund managers and LPs from London, New York, Riyadh, and Singapore, this is not a market to discover later. First Capital Securities Limited has been part of this market since 1995. We sit at the intersection of Bangladesh's public and private capital markets, and we are building toward the full continuum. The foundation has been laid. We welcome those who want to build on it with us. #WeareFCSL #PrivateEquity #VentureCapital #EmergingMarkets #BangladeshCapitalMarkets

Market Strategy & Analysis Report: May 3, 2026 (Pre-Market Outlook) Current Market Status: While "Bearish" talk has dominated the market throughout the week, a deeper look at the data reveals a completely different story. The market is currently in Stage 2 (Doubt). It is important to remember that when retail investors sell out of uncertainty, "Smart Money" silently begins accumulating shares. Key Signature Markers: The DS30 Factor (Institutional Resilience): We always say, "Watch the behavior of large institutions, not the panic of the general public". Although the DSEX dipped slightly on April 30, the Blue-chip index (DS30) declined by only 0.16%. This indicates that major investors are still holding their positions and have not exited the market. The 800 Cr Rule (Liquidity Magic): Liquidity never lies. In the last seven sessions, turnover has never dropped below BDT 800 crore. If a major crash were truly imminent, transaction volumes would have dried up significantly. This suggests that there are still plenty of buyers in the market. Testing the Support Level: The 5,270-point support level has held firm for seven consecutive days. This has created a strong psychological foundation, or "floor," for the market. Structural Shift: The passage of the BSEC Amendment Bill in Parliament is more than just a legal update; it is a symbol of long-term confidence. The prospect of new and experienced leadership is expected to dispel market fears and foster a positive environment. The Bottom Line: Focus on the movement of money (Follow the Money) rather than being panicked by media headlines. If the 5,270 support remains intact tomorrow and turnover stays above 850 crore, the journey toward the 5,350–5,400 target will continue. Invest based on data and logic; do not lend an ear to rumors.

We’re Hiring: Trader / Authorized Representative First Capital Securities Limited is expanding its team and seeking skilled professionals in brokerage operations. If you are passionate about trading and client service within the capital market, we want to hear from you. Location: Nationwide, Bangladesh Employment: Full-Time Experience: Minimum 5 years Deadline: 26 May 2026 Key Responsibilities: • Execute buy/sell orders with precision and compliance • Manage client onboarding and BO account processes • Monitor market trends and provide insights • Ensure adherence to all regulatory guidelines Requirements: • Valid Trader Certificate (Authorized Representative) – Mandatory • Strong knowledge of DSE/CSE trading systems • Excellent communication and professional integrity What We Offer: • Stable career growth opportunities • Competitive salary & benefits • Supportive and professional work culture Apply now: fcsl.career@gmail.com (Subject: Application – Trader / AR) Be a part of a trusted name in Bangladesh’s capital market. #WeareFCSL

We’re Hiring: Divisional Manager (Senior Leadership – Capital Markets) First Capital Securities Limited is looking for experienced leaders to drive growth and operational excellence across our nationwide branches. If you have a strong background in the Bangladesh capital market and proven leadership capabilities, this is your opportunity to step into a high-impact role. Location: Dhaka, Khulna, Rajshahi, Sylhet, Barishal, Mymensingh, Rangpur Employment: Full-Time Experience: 10–20 years Deadline: 26 May 2026 Key Highlights: • Lead and oversee multi-branch operations • Drive client relationship growth and retention • Contribute to market analysis & investment strategy • Ensure full regulatory compliance What We Offer: • Competitive compensation & benefits • Clear career advancement pathway • Professional and respectful work environment Apply now: fcsl.career@gmail.com (Subject: Application – Divisional Manager) Join us and be part of a legacy of excellence in capital markets. #WeareFCSL

Data vs. Narrative: How we called the Market Turnaround 4 days ago While most were reacting to the fuel price hike and negative headlines on April 19, our R&D Division at FCSL saw a completely different story unfolding beneath the surface. In the stock market, Price is what you pay, but Value is what you get. On April 19, the DSEX was red, but we identified three critical signals that pointed to a massive accumulation phase: Signal 1: The Institutional Barometer The DS30 (Blue-chip index) closed GREEN while the broader DSEX was red. This was the first sign that institutional investors were holding firm while retail panic drove the dip. Signal 2: Volume-Price Divergence Turnover actually INCREASED (BDT 819 Cr) despite the index falling. In technical terms: Falling price + Rising turnover = Accumulation, not distribution. Signal 3: Global & Institutional Conviction With Uttara Bank’s fresh BDT 192.56 Cr investment and interest from global giants like IFC and JP Morgan, the "floor" was solidifying. The Result? We moved from Stage 1 (Panic) to Stage 2 (Doubt). Today, April 22, we have officially entered Stage 3: Confidence. The Numbers Don't Lie (Past 4 Sessions): -Turnover: Surged from 819 Cr to a massive 1,056 Cr (Highest in the cycle). -DS30: Broke the psychological 2,000 barrier. -Resistance: The 5,270 level has been shattered. The Lesson: Ignore the noise. Follow the money. When fundamentals remain unchanged, market dips are simply "discounts" in disguise. What’s Next? With the 5,270 resistance now acting as a support floor, our eyes are on the 5,400 → 5,600 targets. As long as turnover stays above 800 Cr, the bullish thesis remains intact. Bangladesh is no longer just a frontier market chasing headlines; it is a foundation attracting global conviction. #WeareFCSL

Market Strategy & Analysis Report: April 19, 2026 Current Market Status: With today’s turnover reaching BDT 819 Crore, market liquidity has remained remarkably resilient despite the announcement of a fuel price hike and a marginal dip in the DSEX. This clearly demonstrates that "Smart Money" has not exited the market. The Most Critical Signal: The DS30 (Blue-chip index) closed in positive territory today, even as the DSEX showed a slight decline. The Implication: Institutional investors are holding their positions firmly; they are not selling. Market Cycle Positioning: Stage 1 (Panic): Completed Stage 2 (Doubt): WE ARE HERE Stage 3 (Confidence): Incoming In simple terms, this consolidation phase is building the necessary foundation for the next Rally. Outlook for Tomorrow: There is a strong probability that the index will re-test the 5,270 resistance level tomorrow. A sustained breakout above this threshold will accelerate the momentum toward the 5,400-point mark. বাজার কৌশল ও বিশ্লেষণ প্রতিবেদন ১৯ এপ্রিল, ২০২৬ বাজারের বর্তমান অবস্থা: আজকের টার্নওভার BDT ৮১৯ কোটি , জ্বালানি মূল্যবৃদ্ধির ঘোষণা এবং DSEX-এর সামান্য পতন সত্ত্বেও বাজারের তারল্য সম্পূর্ণ স্থিতিস্থাপক থেকেছে। এটি স্পষ্টভাবে প্রমাণ করে যে স্মার্ট মানি বাজার ছেড়ে যায়নি। সবচেয়ে গুরুত্বপূর্ণ সংকেত: DS30 (ব্লু-চিপ সূচক) আজ পজিটিভ ছিল, যেখানে DSEX সামান্য লাল। এর সহজ অর্থ: প্রাতিষ্ঠানিক বিনিয়োগকারীরা তাদের পজিশন ধরে রেখেছেন তারা বিক্রি করেননি। তাহলে বাজার এখন কোথায় দাঁড়িয়ে: Stage 1 (Panic) — সম্পন্ন Stage 2 (Doubt) — এখন এখানে Stage 3 (Confidence) — আসছে সহজ কথায় এই Consolidation পরবর্তী র্যালির ভিত্তি তৈরি করছে। আগামীকাল ৫,২৭০ রেজিস্ট্যান্স পুনরায় যাওয়ার সম্ভাবনা রয়েছে। এই স্তর টেকসইভাবে অতিক্রম করলে সূচক দ্রুত ৫,৪০০পয়েন্টের দিকে ধাবিত হবে।

IFC & JPMorgan Eye Entry into Bangladesh Markets Global giants IFC and JPMorgan have expressed high-level interest in investing in Bangladesh’s financial sector and capital markets. Analysts see this as a major "confidence booster" that could trigger a fresh wave of foreign portfolio investment (FPI). Key takeaway: Strategic reforms are attracting Tier-1 global institutions back to Dhaka’s trading floor. বাংলাদেশের পুঁজিবাজারে বিশ্বখ্যাত IFC ও JPMorgan-এর বিনিয়োগের আভাস বাংলাদেশের আর্থিক খাত ও পুঁজিবাজারে বড় ধরনের বিনিয়োগের আগ্রহ দেখিয়েছে বিশ্বব্যাংক গ্রুপের IFC এবং বিশ্বসেরা বিনিয়োগ ব্যাংক JPMorgan। বিশেষজ্ঞরা মনে করছেন, এই বৈশ্বিক জায়ান্টদের পদার্পণ ঢাকার শেয়ার বাজারে দীর্ঘমেয়াদী আস্থা ও বিদেশি বিনিয়োগের নতুন জোয়ার আনবে। #WeareFCSL