The Dhaka Stock Exchange (DSE) has rearranged its blue chip index (DS30) as part of its semi-annual rebalancing of indices.
The five new companies are Islami Bank Bangladesh, The ACME Laboratories, Meghna Petroleum, Active Fine Chemicals and Bangladesh Submarine Cable Company, said a DSE statement on Wednesday.
At the same time, five companies will be dropped from the DS30 as they failed to meet regulatory criteria. The companies are Pubali Bank, Padma Oil Company, BSRM Steels, RAK Ceramics (BD) and ACI Limited.
The DSE rebalanced the indices in line with the DSE Bangladesh Index Methodology designed by S&P Dow Jones Indices, a global leader in providing investable and benchmark indices to the financial markets. The methodology is also supervised by a DSE panel.
The DSE also rebalanced quarterly IPO addition in the DSE Broad Index (DSEX), but no company is qualified as eligible constituents of DSEX for quarterly IPO addition in the DSEX for July 2019 re-balancing.
Currently, the DSE Broad Index (DSEX) comprises 282 securities.
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