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DSE rearranges DS30 Index

Five cos in, five others out


| Updated: July 19, 2019 10:36:57


DSE rearranges DS30 Index

The Dhaka Stock Exchange (DSE) has rearranged its blue chip index (DS30) as part of its semi-annual rebalancing of indices.

After the rebalancing of DS30, carried out as per the criteria set by S&P Dow Jones Indices, the prime bourse will add five new companies to the DS30 index, a list of blue-chip companies, replacing five existing companies, with effect from July 21.

The five new companies are Islami Bank Bangladesh, The ACME Laboratories, Meghna Petroleum, Active Fine Chemicals and Bangladesh Submarine Cable Company, said a DSE statement on Wednesday.

At the same time, five companies will be dropped from the DS30 as they failed to meet regulatory criteria. The companies are Pubali Bank, Padma Oil Company, BSRM Steels, RAK Ceramics (BD) and ACI Limited.

The DSE rebalanced the indices in line with the 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.

The DSE also rebalanced quarterly IPO addition in the DSE Broad Index (DSEX), but no company is qualified as eligible constituents of DSEX for quarterly IPO addition in the DSEX for July 2019 re-balancing.

Currently, the DSE Broad Index (DSEX) comprises 282 securities.

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