News Briefs (21-11-2018)

CSE revises Shariah Index
The CSE Shariah Index has been revised on the basis of performance of the Chittagong Stock Exchange (CSE) listed companies. The new index will be effective from 29 November 2018. CSE Shariah index is reviewed twice in a year. The new 6 companies which have been included are Advent Pharma Limited, Alif Industries Limited, Intraco Refueling Station Limited, Miracle Industries Limited, Queen South Textile Mills Limited & SK Trims & Industries Ltd.On the other hand, 8 companies i.e. Aramit Cement Limited, Khulna Printing & Packaging Ltd., Prime Textile Spinning Mills Ltd., Reckitt Benckiser (BD) Limited, Samata Leather Complex Ltd., Summit Alliance Port Limited, The Dacca Dyeing & Mfc. Co. Ltd. & Wata Chemicals Ltd. were excluded from the previous list. In revised CSE Shariah Index, 117 listed companies among 320 listed securities are selected. — Statement

Credit rating
Ratanpur Steel Re-rolling Mills Ltd.: Emerging Credit Rating Limited (ECRL) has informed that the rating of the company as "A-" in the long term and "ST-2" in the short term along with a stable outlook of the company based on audited financials up to June 30, 2018 and other relevant qualitative along with quantitative information available up to the date of rating.
Phoenix Finance and Investments Limited: Alpha Credit Rating Limited (AlphaRating) has informed that it has assigned the rating of the company as "A+" in the long term and "ST-2" in the short term along with a stable outlook based on audited financial statements of the company as on December 31, 2017 and relevant qualitative information till November 17, 2018. — CSE Online