The Dhaka Stock Exchange has initiated a move to review its blue chips index for the first time its inception on January 1, 2001. ‘We will soon review the index as the existing DSE-20 index does not represent a proper blue chips index,’ said DSE senior vice-president Saiful Islam. He said the DSE initiated the move to remove shortcomings in the index and to introduce a new set of criteria for the listed companies to have a berth in the index.
A DSE senior official, preferring anonymity, said, ‘The bourse is thinking positively to include more companies in the index as a number of strong-fundamentals issues have entered into the market in recent years.’ ‘The DSE is weighing an option of introducing a DSE-30 index, replacing the existing DSE-20 index,’ he said.
‘In the process, a number of companies currently included in the index may be shown door for making way for better ones,’ the official added.Currently, DSE-20 index comprises of ACI, AMCL(Pran), Apex Tannery, Bata Shoe, BATBC, BD Lamps, BOC, Beximco Pharmaceuticals, Dhaka Bank, GQ Ball Pen, Islami Bank, Meghna Cement, Monno Ceramics, NBL, Prime Bank, Singer BD, Southeast Bank, Square Textile, Squre Pharmaceuticals and Uttara Finance.
The DSE-20 index started its journey with 1000 base.The DSE has two other indices to reflect the market behaviour–DSE all share price index and DSE general index.The DSE introduced all share price index on March 28, 2005 and general index, which excludes ‘Z’ category companies, on November 27, 2001.