CSE-50 index revised, including 14 cos

The Chittagong Stock Exchange (CSE) has revised its CSE-50 index based on the performance of the listed companies.

The revised index, which will be in effect from May 11, includes 14 new companies replacing the same number of companies from the previous list.

The newly-included companies are AB Bank, Active Fine Chemicals, BD Shipping Corporation, Eastern Housing, Genex Infosys, IDLC Finance, Olympic Industries, Orion Infusion, Power Grid Company of Bangladesh, Pubali Bank, R.A.K. Ceramics (BD), SAIF Powertec, Sea Pearl Beach Resort & Spa, and Unique Hotel & Resorts PlC.

The CSE-50 index comprising large-cap stocks is revised twice a year.

Usually, two or three companies are excluded every time the index is reviewed.

This time 14 companies have been included as many companies have became illiquid due to the floor price, said a CSE official preferring not to be named.

The stocks on the CSE-50 index have 53.83 per cent share of the total market capitalisation, according to data available until the end of 2022.

They had 55.33 per cent share in free-float market capitalisation and captured 47.19 per cent of the average daily turnover in the six months through December last year.