The rearrangement will take effect on Sunday
The country’s prime bourse, Dhaka Stock Exchange (DSE), has rearranged its key index (DSEX) and blue chip index (DS30) as part of its annual and semi-annual evaluation based on performance of the listed firms.
The rearrangement will take effect on Sunday.
DSEX and DS30 have been reconstituted following DSE Bangladesh Index Methodology, designed by S&P Dow Jones Indices, says a DSE statement.
After annual re-balancing, 21 new companies have been added to the DSEX as they qualified for eligible constituents of the broader index. On the other hand, 18 existing companies failed to retain their membership. Now, the number of firms on the index stands at 285.
The newly inducted firms are Reliance Insurance, Genex Infosys, Monno Jute Stafflers, Indo-Bangla Pharmaceuticals, Kattali Textile, Esquire Knit, Peoples Insurance, Bangladesh General Insurance, Silco Pharmaceuticals, Runner Automobiles, Progressive Life Insurance, Eastern Insurance, Central Insurance, Asia Insurance, Phoenix Insurance, Takaful Islami Insurance, Agrani Insurance, Janata Insurance, Sea Pearl Beach Resort, New Line Clothings and Coppertech Industries Ltd.
Meanwhile, after semi-annual rebalancing of the DS30 index, five new companies — Pubali Bank, Beacon Pharmaceuticals, National Life Insurance, Padma Oil, and Paramount Textile Ltd — will be included in DS30.
Five members of DS30 — Delta Life Insurance, Unique Hotel, Islami Bank, MJL Bangladesh and Active Fine Chemicals Ltd — have been excluded from the index.