The Dhaka Stock Exchange (DSE) has revised its DS30 Index on the basis of the performance of the listed companies.
The newly revised index will come into effect on July 21. The capital bourse reviews the index twice a year.
In line with the DSE Bangladesh Index Methodology, designed by S&P Dow Jones Indices, the DSEX and the DS30 have been reconstituted, according to a DSE statement issued on Tuesday.
After the semi-annual rebalancing, 10 new companies have been added to the DS30 Index.
They are Beximco Pharmaceuticals, Pubali Bank, City Bank, Bangladesh Steel Re-Rolling Mills, Robi Axiata, Orion Pharma, Summit Power, Power Grid Company of Bangladesh, GPH Ispat and Linde Bangladesh.
Meanwhile, 10 companies have been dropped from the index. They are ADN Telecom, Bashundhara Paper Mills, Eastern Housing, Green Delta Insurance Company, Intraco Refueling Station, Kohinoor Chemicals Company (Bangladesh), Marico Bangladesh, Sonali Paper & Board Mills, Trust Bank and Uttara Bank.
As per the DSE broad index (DSEX) methodology, one company — Asiatic Laboratories Limited — is being added to DSEX as the company met all the criteria for quarterly IPO addition. This addition will be effective on July 21.
Besides, two companies considered for review of the DSE SME Growth Index (DSMEX) for quarterly IPO addition in April 2024 could not meet the criteria as per index methodology for the same.
Therefore, there would be no addition to the existing constituent list of DSMEX for July 2024, read the DSE statement.
