The Financial Express

DSEX adds 21 stocks, drops 18

Rebalancing of two indices

| Updated: January 23, 2020 11:33:49

Evaly and Fianancial Express Evaly and Fianancial Express
DSEX adds 21 stocks, drops 18

The Dhaka Stock Exchange (DSE) has rebalanced two equities indices -- DSEX and DS30 -- as per the criteria set by S&P Dow Jones.

It has added 21 companies to the DSEX, the benchmark index, and deleted 18 companies from it.

The 18 companies have been excluded as they failed to continue membership in line with the existing criteria, said a DSE release.

The reconstituted DSEX will come into effect on January 19.

The additions to the DSEX include Reliance Insurance, Genex Infosys, Monno Jute Stafflers, Indo-Bangla Pharmaceuticals, Kattali Textile, Esquire Knit Composite, Peoples Insurance Company, Bangladesh General Insurance Company, Silco Pharmaceuticals, Runner Automobiles, Progressive Life Insurance Company, Eastern Insurance Company, Central Insurance Company, Asia Insurance Company, Phoenix Insurance Company, Takaful Islami Insurance, Agrani Insurance Company, Janata Insurance Company, Sea Pearl Beach Resort & Spa, New Line Clothings, and Coppertech Industries.

The companies which were dropped from the DSEX are Green Delta Insurance Company, Square Textiles, MI Cement Factory, Hwa Well Textiles, Meghna Cement Mills, ICB Islamic Bank, Matin Spinning Mills, Golden Son, Global Heavy Chemicals, Delta Spinners, Padma Islami Life Insurance, C & A Textiles, Alltex Industries, Fareast Finance & Investment, Zahintex Industries, Tung Hai Knitting and Dyeing, Meghna Condensed Milk and Peoples Leasing.

Meanwhile, DSE 30 Index (DS30), which is rebalanced semi-annually, has brought five new companies -- Pubali Bank, Beacon Pharmaceuticals, National Life Insurance Company, Padma Oil Company and Paramount Textile --under its fold.

On the other hand, five existing constituents of DS30 namely Delta Life Insurance Company, Unique Hotel & Resorts, Islami Bank BD, MJL Bangladesh and Active Fine Chemicals have been dropped.

The reconstituted DS30 index will be effective from January 19.

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