Pubali Bank, Padma Oil, IFAD Autos placed in DS30

Staff Correspondent | Published: 23:08, Jul 16,2017 | Updated: 00:25, Jul 17,2017

 
 

The Dhaka Stock Exchange has reshuffled its two indices — DS30 and DSEX — as part of its half-yearly rebalancing of the indices, with an effect from July 23.
Pubali Bank, Padma Oil and IFAD Autos Limited have made their way to the blue-chips index, DS30, as they met all the criteria to be eligible constituents of the index.
On the flip side, Bata Shoe Company, United Commercial Bank and Meghna Petroleum have been dropped from the DS30 as they failed to comply with the requirements needed to remain members of the index.
The bourse restructured the indices in accordance with the DSE Bangladesh Index Methodology, designed by S&P Dow Jones Indices, a DSE statement said on Sunday.
As per regulations, 30 companies are selected for DS30, considering performance in every six months on their profitability, market capitalisation and share size.
No company became qualified to be eligible constituents of the DSEX for Quarterly IPO Addition in the DSE broad index.
The bourse launched DSEX and DS30 on January 28, 2013 for reflecting better calculation of market trends.
The DSEX reflects around 97 per cent and the
DS30 around 51 per cent of the total equity market capitalisation.
To be added to the DSEX index, a company must have adjusted market capitalisation above Tk 10 crore while for the DS30, a company must have a float-adjusted market capitalisation above Tk 50 crore. 

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