Sheikh Shahariar Zaman
Four more Bangladeshi companies have been added to global Dow Jones SAFE 100 Index that measures the performance of 100 blue-chip companies in five of the eight member-states of the South Asian Federation of Exchanges (SAFE).
The companies are Beximco Pharmaceuticals Ltd, British American Tobacco Bangladesh Co Ltd, Titas Gas Transmission & Distribution Co Ltd and Dutch Bangla Bank Ltd, according to Dow Jones website.
SAFE in collaboration with Dow Jones Indexes Inc, New York, launched the first such index in Abu Dhabi in March last year.
Six other Bangladeshi companies were included in the index last year. The companies are Uttara Bank Ltd, Pubali Bank Ltd, AB Bank Ltd, National Bank Ltd, Power Grid Co. of Bangladesh Ltd and Prime Bank Ltd.
Dow Jones Indexes, a leading global index provider, announced the results of the regular annual review of the Dow Jones SAFE Indexes on Thursday.
Six Indian companies and nine Pakistani companies have been dropped from the index, while four Bangladeshi companies, three each from Sri Lanka and Pakistan, and five Indian companies have been included in the index.
In the index, 50 companies from India and 50 firms from Bangladesh, Mauritius, Pakistan and Sri Lanka are included.
The 10 Bangladeshi companies have 8 per cent share of the total index while the Indian companies have 48.44 per cent and Pakistan 29.5 per cent shares.
The SAFE 100 index is calculated in US dollars and it is weighted by float-adjusted market capitalisation.
The float-adjusted market capitalisation of the index was $ 24.3 billion on February 26 this year, and the total return in 2009 was 78.35 per cent.
4 more B'desh firms on Dow Jones SAFE index
FE Team | Published: March 13, 2010 00:00:00 | Updated: February 01, 2018 00:00:00
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