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The Financial Express

DSE adds three new companies to core index

| Updated: April 19, 2021 11:39:30


DSE adds three new companies to core index

The Dhaka Stock Exchange (DSE) has added three newly listed companies to its Broad Index (DSEX) as they met all the criteria of quarterly IPO addition.

The companies are Robi Axiata, Energypac Power Generation and Mir Akther Hossain.

The indices committee of DSE selected the companies after reviewing the performance of the firms for January-March, 2021 quarter in line with the index methodology designed by S&P Dow Jones Indices.

The revised list will be effective from April 18 (subject to continuation/resumption of trading), according to a statement on Tuesday.

Among the three companies, Robi joined the stock market with the largest-ever initial public offering (IPO) in Bangladesh's capital market history on December 24, 2020.

The mobile phone operator raised roughly Tk 5.24 billion from a wide range of investors including its own employees under the fixed-price method.

Energypac Power, which raised Tk 1.50 billion through IPO under the book-building method, made on the stock market debut on January 19, this year.

Mir Akther Hossain, which raised Tk 1.25 billion through IPO under the book-building method, made debut trading on the bourses on February 2, this year.

With inclusion of these companies, the DSEX will have 307 listed companies, around 95 per cent of the prime bourse's total market capitalisation.

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