Loading...
The Financial Express

DSE adds two new companies to core index

| Updated: October 24, 2021 16:18:43


DSE adds two new companies to core index

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

The companies are Baraka Patenga Power Ltd and South Bangla Agriculture & Commerce Bank Ltd.

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

The revised list will be effective from October 24 (Sunday), according to a press release issued on Thursday.

Of the two companies, Baraka Patenga Power, which raised Tk 2.25 billion through IPO under the book-building method, made debut trading on the bourses on July 15 this year.

The power generation company's share price closed at Tk 45.40 each on Thursday gaining 1.79 per cent over the previous day.

South Bangla Agriculture & Commerce Bank (SBAC) raised Tk 1.0 billion through IPO under the fixed-price method. The private commercial bank made debut on the stock market on August 11, 2021.

The bank's stock price closed at Tk 22.20 on Thursday, soaring 6.73 per cent over the previous day.

With inclusion of the two companies, the DSEX will have 311 listed companies, around 95 per cent of the prime bourse's total market capitalisation.

[email protected]

Share if you like