CSE revises Shariah Index, effective from Aug 3
Nine firms include, 10 excluded from the previous list
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The Chittagong Stock Exchange (CSE) has reviewed its Shariah --- an index of Shariah-compliant companies on the basis of performance of the listed companies.
The new index will come into effect from August 3. The port city bourse reviews the index twice in a year, according to a statement of the port city bourse on Monday.
As per the latest revision, nine companies --- Apex Foods, Bangladesh Building Systems, Beximco, Chartered Life Insurance, GBB Power, Global Islami Bank, GQ Ball Pen, Libra Infusions and Square Pharmaceuticals have been included in the list.
On the other hand 10 companies ---Aman Feed, Bangladesh Lamps, Eastern Housing, Far Chemical Industries, Genex Infosys, Golden Harvest Agro Industries, Khulna Printing & Packaging, Matin Spinning, Ring Shine Textiles, and United Power were excluded from the previous list.
In the revised CSE Shariah Index, 130 listed companies out of 373 listed securities in the port city bourse have been selected.