87 listed firms join DSEX; Beximco, Islami Bank dropped from DS30
Nine companies have been included in the DS30 index
Highlights:
- Changes brought under rebalancing of the indexes
- The changes will come into effect from 19 January
- Number of firms on DSEX now 326
The Dhaka Stock Exchange (DSE) has added 87 companies, including 13 banks, to the benchmark index DSEX and dropped 14 others from it.
The latest development, part of the annual rebalancing of DSEX, brought the current number of listed firms on the index to 326, according to a press release issued today (12 January).
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In a separate development, the premier bourse also removed nine firms, including Beximco Limited and the Islami Bank Bangladesh, from its blue-chip index DS30.
In accordance with the index methodology, the Index Committee of the DSE has completed the annual rebalancing of the DSEX, which will be effective from 19 January, read the press release.
A year ago in January 2024, the DSE removed 15 banks and 68 other companies from the DSEX, as the firms failed to comply with the premier bourse's requirements.
Following the rebalancing, the total number of DSEX members was 250.
The DSE introduced the DSE Broad Index (DSEX) as per the 'DSE Bangladesh Index Methodology' on 28 January 2013. DSEX is the benchmark Index which reflects around 97% of the total equity market capitalisation. All locally listed stocks that meet size and liquidity criteria are eligible for inclusion.
Nine dropped from DS30
Meanwhile, after the semi-annual rebalancing, nine companies were removed from the DS30 and nine others were included in it.
The nine removed firms are Heidelberg Cement Bangladesh, Sea Pearl, Paramount Textile, Genex Infosys, Orion Pharma, Linde Bangladesh, Summit Power, Beximco, and Islami Bank.
The newly included companies are Walton Hi-Tech Industries, Prime Bank, Kohinoor Chemicals Company (Bangladesh), Khan Brothers PP Woven Bag Industries, MJL Bangladesh, LankaBangla Finance, Padma Oil, IDLC Finance, and Bangladesh Submarine Cables.
The Dhaka Stock Exchange Limited introduced the DSE 30 Index (DS30) as per 'DSE Bangladesh Index Methodology' with effect from 28 January 2013. The DS30 is comprised of 30 leading, investable companies of the DSE.
