Dhaka, Bangladesh (BBN)- The Dhaka Stock Exchange (DSE) on Tuesday restructured two price indices and added two companies to the benchmark index, DSEX.
The premier bourse reconstituted the indices in accordance with DSE Bangladesh Index Methodology, which was designed by S&P Dow Jones Indices, a global leader in providing investable and benchmark indices to the financial markets. The methodology is also being supervised by an indices committee of the DSE.
Two companies, Shasha Denim and Bangladesh Steel Re-Rolling Mills have met all criteria of quarterly IPO addition and qualified as eligible constituents of DSEX that will be effective from July 21, the DSE said in a statement.
With the inclusion of Shasha Denim and Bangladesh Steel Re-Rolling Mills, the DSEX will have 242 companies from July 21. Shasha Denim made trading debut on March 5 and Bangladesh Steel Re-Rolling Mills on April 27.
Also, two companies -- Orion Pharma and RAK Ceramics will replace two others to join the DS30 index after the semi-annual rebalancing of the index, as per criteria set by S&P Dow Jones Indices.
Two existing constituents of DS30 Index -- LankaBangla Finance and Keya Cosmetics are being dropped from DS30 Index as they didn’t comply with the requirements to retain their membership in DS30, which will be effective from July 21, 2015.
The premier bourse launched DSEX and DS30 price indices on January 28, 2013 for reflecting better calculation of market trends.
BBN/SSR/AD