• Wednesday, Nov 13, 2019
  • Last Update : 09:45 am

DSE rearranges DS30

  • Published at 09:39 pm July 17th, 2019
web-DSE-File photo of Dhaka Stock Exchange Limited
File photo of Dhaka Stock Exchange Limited Mehedi Hasan/Dhaka Tribune

However, DSE management did not give any elaboration on DSE Bangladesh Index Methodology, or yardsticks for the latest rebalancing

The Dhaka Stock Exchange (DSE) has rearranged its DS30 index, which will be effective from July 21, as part of its semi-annual rebalancing program of indices.

In accordance with the DSE Bangladesh Index Methodology, designed by S&P Dow Jones Indices, DSEX and DS30 have been reconstituted, according to a DSE statement issued on Wednesday.

However, DSE management did not give any elaboration on DSE Bangladesh Index Methodology, or yardsticks for the latest rebalancing.

After semi-annual rebalancing of the DS30 index, five new companies — Islami Bank Bangladesh Limited, The ACME Laboratories Limited, Meghna Petroleum Limited, Active Fine Chemicals Limited and Bangladesh Submarine Cable Company Limited — will be included in DS30.

On the other hand, five existing constituents of DS30 Index — Pubali Bank Limited, Padma Oil Company Limited, BSRM Steels Limited, RAK Ceramics (BD) Limited and ACI Limited — have been excluded from the index as they failed to meet the minimum requirements.

Meanwhile, as per DSE Bangladesh Index Methodology, DSE's main index DSEX remained unchanged in July 2019 re-balancing.