• Friday, March 06, 2015

DSE restructures two price indices

Star Business Report

The Dhaka Stock Exchange yesterday restructured two price indices and added 23 companies to the benchmark index, DSEX, a move that will help gauge the market more accurately.
The premier bourse reconstituted the indices in accordance with DSE Bangladesh Index Methodology, which was designed by S&P Dow Jones Indices, a global leader in providing investable and benchmark indices to the financial markets. The methodology is also being supervised by an indices committee of the DSE.
The restructuring will take place in every quarter and the DSEX will have 226 companies in line with the latest reforms that will be effective from January 19, the DSE said in a statement.
The 23 new companies will be included in the DSEX on the same day, while four existing companies will be excluded as they failed to meet certain criteria.
The companies that will face exclusion are: Kay and Que, Midas Finance, CVO Petrochemical, and Rahima Food.
Also, four companies will replace four others to join the DS30 index after the semi-annual rebalancing of the index, as per criteria set by S&P Dow Jones Indices.
The companies that will be included are: United Commercial Bank, Delta Life Insurance, Orion Pharma, and Renata Ltd. And the companies to be excluded are: Beximco, Khulna Power Company, Square Textiles, and Southeast Bank.

Published: 12:00 am Friday, January 17, 2014

Last modified: 9:45 pm Friday, January 17, 2014

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