Dhaka Stock Exchange (DSE) has re-arranged DSE Broad Index (DSEX) as part of its annual rebalancing by including 19 listed companies which fulfilled the criteria of benchmark index.
The premier bourse has also re-balanced its DSE30 Index, which will continue for next six months, by including three listed companies and excluding three from the existing list of DS30.
The DSEX will from now include 283 companies, after the latest reforms come into effect on January 21, the DSE said in a statement on Sunday.
The premier bourse reconstituted the indices in line with 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.
According to DSE, 19 companies which have been included in DSEX are: Fortune Shoes, Aamra Networks, Padma Islami Life Insurance, Reckitt Benckiser, Nurani Dyeing & Sweater, Shepherd Industries, Standard Insurance, Kay & Que, Aziz Pipes, Nitol Insurance Company, Sonar Bangla Insurance, Samata Leather Complex, Information Services Network, Zeal Bangla Sugar Mills, Imam Button Industries, Meghna Condensed Milk, Shyampur Sugar Mills, Monno Jute Stafflers and Meghna Pet Industries.
On the other hand, one existing constituent -- Phoenix Insurance Company -- failed to retain its membership as it failed to meet the criteria.
Also, the DSE will add three companies to the DS30 index, a list of blue-chip companies, and exclude three others, after the semi-annual rebalancing of the index, as per criteria set by S&P Dow Jones Indices.
The three new companies which have been included in DS30 are: Eastern Bank, Meghna Petroleum and Singer Bangladesh and the companies to be excluded are: Bangladesh Submarine Cable Company, Pubali Bank and Jamuna Oil Company as they failed to retain their memberships as eligible constituents of DS30.
Meanwhile, the Chittagong Stock Exchange (CSE) has also been revised CSE 30 Index on the basis of performance of the CSE listed companies. The new index will be effective from 25 January 2018. CSE 30 Index is reviewed twice in a year.
After semi-annual rebalancing, the CSE included eight companies in the CSE 30 Index and excluded the same.
The new companies which have been included in CSE30 are: The Ibn Sina Pharmaceuticals Industry, Orion Pharma, Ratanpur Steel Re-Rolling Mills, Eastern Housing, MJL Bangladesh, AB Bank, Beximco and Aman Feed.
On the other hand, Active Fine Chemicals, Agricultural Marketing Company, Apex Tannery, Aramit, Bata Shoe Company, BRAC Bank, Linde Bangladesh and Square Textiles are excluded from the previous list.
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