DSE to launch new index to attract foreign investors

Dhaka Stock Exchange (DSE) is going to unveil a new index named CNI-DSE Select Index, or CDSET, coming Monday in an effort to attract foreign investors. 

However the new index, that includes 40 large companies of the market at present based on their market capitalisation, profit and liquidity, would officially open for investors from January 1.

Its base value is 1,000 points and base day is December 31 of 2015. The list of companies would be created anew every six months. 

The formation of the index is part of the technology support promised by the DSE’s strategic partners, Shenzhen Stock Exchange (SZSE) and Shanghai Stock Exchange.

Shenzhen Securities Information, a subsidiary of SZSE, and the DSE worked together to design and develop the index.

Two other indexes would be kicked-off very soon to include small and medium companies.