Bangladesh
3 months ago

Best Holdings to be listed on DSEX

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The Dhaka Stock Exchange (DSE) incorporated newly-listed Best Holdings, from the travel and leisure sector, into the broad index (DSEX) after it met all the criteria linked to investor trading.

The indices committee of the DSE selected this company after reviewing the performance of the firm for the period of February-April, 2024 in line with the index methodology designed by S&P Dow Jones Indices.

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

Best Holdings, which raised Tk 3.50 billion through an initial public offering (IPO) under the book-building method, made debut trading on the bourses on February 6 this year.

Having Le Meridien Dhaka as the owing company, the IPO received regulatory approval from the Bangladesh Securities and Exchange Commission (BSEC) in October last year.

The company's stock price closed at Tk 35.80 each share on Monday, losing 2.45 per cent from the previous day.

After the inclusion of this company, the DSEX will have 251 listed companies.

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