The Dhaka Stock Exchange (DSE) has conducted annual and semi-annual rebalancing of several key indices, including the DSEX, DS30, and DSMEX, with new companies being added and others excluded based on established criteria.
The rebalanced indices will come into effect on January 19, according to a statement of the Dhaka bourse.
The annual rebalancing of the broad DSEX index will see 87 new companies included, while 14 companies will be dropped from the list.
New additions to the DSEX include Investment Corporation of Bangladesh (ICB), AB Bank, Aman Cotton Fibrous, ACI Ltd., ACME Pesticides, Square Textiles, Titas Gas Transmission & Distribution Company, Bank Asia, Runner Automobiles, Walton Hi-Tech Industries, Crown Cement, and Dutch-Bangla Bank.
The companies dropped from the DSEX include Aramit Cement, Bangladesh Welding Electrodes, FAS Finance & Investment, Jute Spinners, and Northern Jute Manufacturing Company and Ratanpur Steel Re-Rolling Mills.
In the semi-annual rebalancing of the DS30 index, nine companies have been added, including Walton Hi-Tech Industries, Prime Bank, Kohinoor Chemicals Company (Bangladesh), MJL Bangladesh, Padma Oil Company, and IDLC Finance.
Meanwhile, nine other companies have been removed from the DS30, including Heidelberg Cement, Sea Pearl Beach Resort & Spa, Bangladesh Export Import Company (Beximco), Islami Bank and Orion Pharma.
After annual rebalancing, three new companies have been added to the DSE SME Growth Index (DSMEX), but no company was dropped from it.
Therefore, the total number of constituents of DSMEX now stands at 19. The new companies which will be included are Agro Organica, Craftsman Footwear and Accessories and Web Coats.
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