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Dhaka Tribune

DSEX, DS30 reshuffled

Update : 17 Jan 2016, 07:30 PM

The Dhaka Stock Exchange (DSE) has rearranged its broad and blue chip indexes with effect from Sunday next as part of its annual and semi-annual rebalancing process.

In accordance with DSE Bangladesh Index Methodology, designed by S&P Dow Jones Indices, DSEX and DS30 have been reconstituted with 234 companies, said a DSE statement yesterday. 

After annual re-balancing, thirteen new companies have been added to the DSEX as they were qualified for eligible constituents of the broader index.    

They are Western Marine Shipyard, C & A Textiles, KDS Accessories, Aman Feed, Reckitt Benckiser (BD), Khan Brothers PP Woven Bag Industries,  Zaheen Spinning, Hamid Fabrics, National Feed Mill, Tosrifa Industries, United Power Generation & Distribution, Northern Jute and Standard Ceramic.

On the other hand, twenty four companies  were excluded from the index, as they failed to retain their membership as they failed to meet the criteria. 

They included Fine Foods, Takaful Islami Insurance, Sonar Bangla Insurance,  Rupali Insurance, Republic Insurance, Renwick Jajneswar, Reliance Insurance, Progressive Life Insurance, Prime Insurance, Pragati Insurance, Provati Insurance, Peoples Insurance, Paramount Insurance, Northern General Insurance, Janata Insurance, Eastern Insurance, Dhaka Insurance, Asia Pacific Gen Insurance, Agrani Insurance, Eastern Cables, Beximco Synthetics, Nitol Insurance, Mercantile Insurance and Karnaphuli Insurance 

After semi-annual re-balancing, four companies—City Bank, Khulna Power Company, MJL Bangladesh and Bata Shoe –were added to the DSE30.  

On the other hand, another four companies—Square Textile, National Bank, Padma Oil Company and Meghna Petroleum—failed to retain their membership by fulfilling all the eligibility criteria for the blue chip index. 

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