DSE reconstitutes two major price indices

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BSS, Dhaka :
Dhaka Stock Exchange (DSE) on Sunday reconstituted its two major price indices – the broader or general DSEX and the selective blue-chip DS30 – to make the market indicators up-to- date and true reflectors of the listed companies.
The reconstituted indices came into effect on Sunday as per the earlier decision of the index committee of the premier bourse. The committee last week decided to reconstitute the indices as part of annual rebalancing.
Under the rebalancing process, 18 companies have been added to the DSEX when six companies were excluded from it as their failure to fulfill the stipulated requirement to retain the status. Similarly, five companies have been included in the DS30 when five other were excluded.
The 18 companies, included in DSEX are: Shurwid Industries, Ratanpur Steel Re-Rolling Mills, Rahima Food, Emerald Oil
Industries, CVO Petrochemical Refinery, Shahjibazar Power Company, Desh Garments, Apex Spinning Mills, Paramount Textile, Mozaffar Hossain Spinning Mills, Hwa Well Textiles (BD), Far East Knitting & Dyeing Industries, Tung Hai Knitting and Dyeing, Wata Chemicals, AFC Agro Biotech, Far Chemical Industries, Khulna Printing and Packaging, and SAIF Powertec.
The six companies, which were dropped from DSEX are: Central Insurance Company, Information Services Network, Libra Infusions, National Tea Company, Sonargaon Textiles, and Standard Insurance.
The five new companies, which entered DS30 are: BRAC Bank, Keya Cosmetics, IDLC Finance, United Airways (BD) and Square Textiles.
On the other hand, the five companies, which were dropped from DS30 are: National Life Insurance Company, Power Grid Company of Bangladesh, Dhaka Electric Supply Company, Orion Pharma and Prime Bank.
DSE on January 28, 2013 introduced the DSE Broad Index (DSEX) by replacing the DSE General Index (DGEN) and launched DSE-30 Index (DS30) in place of the DSE-20 index.
The DSE authorities decided that DSEX would be rebalanced once a year based on year- end closing when DS30 would be reconstituted twice a year based on half-yearly trading performance.
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