DSE shuffles indices

The Dhaka Stock Exchange yesterday restructured two price indices and added 18 companies to the benchmark index, DSEX, in a move to help gauge the market more accurately.
The premier bourse reconstituted the indices in line with DSE Bangladesh Index Methodology designed by S&P Dow Jones Indices, a global leader in providing investable and benchmark indices to the financial markets. The methodology is also supervised by a DSE panel.
The restructuring will occur every quarter, and the DSEX will from now include 241 companies, after the latest reforms come into effect on January 18, the DSE said in a statement.

The 18 new companies will be added to the DSEX on the same day, while six existing companies will be excluded for failing to meet regulatory criteria.
Also, the regulator will add five companies to the DS30 index, a list of blue-chip companies, and exclude six others, after the semi-annual rebalancing of the index, as per criteria set by S&P Dow Jones Indices. The move will leave a spot on the index empty.