Home | Breaking News | Quarterly IPO Addition for DSE Broad Index (DSEX) and Semi-annually Rebalancing of DSE 30 Index (DS30)

Quarterly IPO Addition for DSE Broad Index (DSEX) and Semi-annually Rebalancing of DSE 30 Index (DS30)

WT24 Desk

In accordance with the DSE Bangladesh Index Methodology, designed by S&P Dow Jones Indices and thorough supervision by Index Committee of DSE, one (1) new company namely, 1) Doreen Power Generations and Systems Limited is being added to DSEX as they met all the criteria of quarterly IPO addition and qualified as eligible constituents of DSEX, which will be effective from July 24, 2016.

After semi-annual rebalancing of DS30, as per the criteria set by S&P Dow Jones Indices, four (4) new companies, those were not constituents of existing DS30 Index, namely, 1) National Bank Ltd., 2) Meghna Petroleum Ltd., 3) Bangladesh Steel Re-Rolling Mills Ltd. and 4) Singer Bangladesh Ltd. are being added in DS30 Index. On the other hand, four (4) existing constituents of DS30 Index, namely, 1) Pubali Bank Ltd., 2) United Airways (BD) Ltd., 3) Aftab Automobiles and 4) Khulna Power Company Ltd. 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 24, 2016, said a press release.

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