The index committee of Dhaka Stock Exchange has recommended that 18 new companies should be included in the bourse’s broad index, DSEX, and five companies in the blue-chip index, DS30. The DSE index committee on Monday made the decision as per the S&P Dow Jones Indices-set criterion which will be effective from January 18, a DSE news release said on Wednesday.The committee also recommended exclusion of six companies from the DSEX and five from the DS30 as the companies failed to fulfil the requirements needed to remain in the indices, it said.
According to the annual review prepared by the DSE index committee, Shurwid Industries, Ratanpur Steel Re-Rolling Mills, Rahima Food, Emerald Oil Industries, CVO Petrochemical Refinery, Shahjibazar Power, Desh Garments, Apex Spinning Mills, Paramount Textile, Mozaffar Hossain Spinning Mills, Hwa Well Textiles, Far East Knitting and Dyeing Industries, Tung Hai Knitting
and Dyeing, Wata Chemicals, AFC Agro Biotech, Far Chemical Industries, Khulna Printing and Packaging and SAIF Powertec will be added to the DSEX.
Central Insurance Company, Information Services Network, Libra Infusions, National Tea Company, Sonargaon Textiles and Standard Insurance are recommended for exclusion from the benchmark index of the DSE.
The index committee in its report recommended that BRAC Bank, Keya Cosmetics, IDLC Finance, United Airways and Square Textiles should be included in the DS30 index as the companies fulfilled the requirements, the DSE release said.
The index committee, however, recommended exclusion of National Life Insurance Company, Power Grid Company of Bangladesh, Dhaka Electric Supply Company, Orion Pharma and Prime Bank from the blue-chip index.
The DSE on January 28 in 2013 introduced the two new indices — DSEX and DS30 — on the basis of free-float method developed by the Standard and Poor’s.
-With New Age input
