Criteria for 30 best performers on DSE

Bank loan or tax defaulters or companies fined for anti-environment activities will be excluded from consideration in the list for 30 best-performing listed firms, the Dhaka bourse's jury board said yesterday.
“The yardsticks for choosing the top firms would have to be selected first,” AB Mirza Azizul Islam, head of the jury board, told reporters.
“In our first meeting we have decided to exclude companies that have defaulted on bank loans or taxes or were fined for anti-environment activities,” he said.
In contrast, earnings-per share, net asset value and dividend payout ratio by the listed firms will be set as positive criteria.
“Awarding the top 30 companies will create more competition among the listed firms and encourage the rest to perform in better ways,” said Islam, a former chairman of the Securities and Exchange Commission.
Earlier on April 16, the DSE at a meeting decided to award top 30 companies based on business growth, performance and dividend payout ratio.
On April 25, the DSE formed the 15-member jury board. Presently, 232 equity companies are listed on the Dhaka bourse.
The DSE management and the authorities will have no role in selecting the firms but Rakibur Rahman, the bourse's president, will remain on the panel as a coordinator, the DSE said in a statement.