DSE Indices
as per ‘DSE Bangladesh Index Methodology’
designed and developed by S&P Dow Jones Indices
DHAKA STOCK EXCHANGE LTD.
www.dsebd.org www.dse.com.bd
DSEX and DS30 Index
Dhaka Stock Exchange Indices
The Dhaka Stock Exchange presently computes two indices, DSE
Broad Index (DSEX) and DSE 30 Index (DS30). None of the DSE
Indices include mutual funds, debentures and bonds.
Introduction of DSE Indices
The Dhaka Stock Exchange Limited introduced DSE Broad Index
(“DSEX”) and DSE 30 Index (“DS30”) as per ‘DSE Bangladesh Index
Methodology’ designed and developed by S&P Dow Jones Indices
with effect from January 28, 2013.” DSEX” is the Broad Index of the
Exchange (Benchmark Index) which reflects around 97% of the total
equity market capitalization.
DS30 constructed with 30 leading companies which can be said as
investable Index of the Exchange. “DS30” reflects around 51% of the
total equity market capitalization. The criteria taken into
consideration in construction of these Indices are:
Market Capitalization
DS30 - Eligible stocks must have a float-adjusted market capitalization
above 500 million BDT as of the rebalancing reference date.
DSEX - Eligible stocks must have a float-adjusted market
capitalization above 100 million BDT. Additionally, if a current
index constituent falls below the 100 million BDT threshold, but is
no less than 70 million BDT, then the stock remains in the index
provided it also meets the other inclusion criteria.
Float-Adjustment: A stock’s weight in an index is determined by
its float-adjusted market capitalization.
Liquidity
DS30- Stocks must have a minimum three-month average daily
value traded (ADVT) of 5 million BDT as of the rebalancing
reference date. Liquidity criteria can be reduced to 3 million BDT
in certain circumstance to ensure there are enough constituents
in the index. At each semi-annual rebalancing, if a current index
constituent falls below 5 million BDT but is no less than 3 million
BDT then the stock remains in the index provided it also meets
the other eligibility criteria.
DSEX - Stocks must have a minimum six-month ADVT of 1 million
BDT as of the rebalancing reference date. At each annual
rebalancing, if a current index constituent falls below 1 million
BDT, but is no less than 0.7 million BDT, then the stock remains in
the index provided it also meets the other eligibility criteria.
In addition, all eligible stocks for the DSE indices are required to
trade at least half of normal trading days each month for the three
months prior to the rebalancing reference date.
Financial Viability
DS30 - Stocks must be profitable as measured by positive net
income over the latest 12-month period, as of the rebalancing
reference date. The figure is calculated by adding the latest four
quarters of net income reported for the company.
DSEX - Financial viability is not required for index membership.
Sector Classification
All listed DSE stocks are classified according to the DSE Industry
Classification system. The number of constituents in Banks,
Financial Institutions, Insurance sector, Real Estate Sub-sector of
Service & Real Estate sector, Pharmaceuticals and Fuel & Power is
capped at 5 each and 20 combined for the DSE Bangladesh 30
Index. Sector diversification rule is not applied to the DSE
Bangladesh Broad Index.
Sector diversification rule is not applied to the DSEX.
Base Date
The base dates of the DSE 30 Index (DS30) and The DSE Broad
Index (DSEX) are January 17, 2008.
Base Value
DSE 30 Index (DS30): The base value is 1000 for DS30 Index.
The DSE Broad Index (DSEX): The DSE Broad index has a base
value of 2951.91 on Jan 17th 2008 which was the index value of
the DSE General Index on this date. The new index is a broad
market index and is designed to reflect the broad market
performance. Starting the base value at 2951.91 the performance
of the two indices has been linked and we maintain the
continuity of the performance of the benchmark. The two indices
are very close in design and we can build on the history of the
older index which goes back to 2001.
The list of the Companies in the DSEX
BANKS
Bangladesh Finance and Investment
AB Bank
International Leasing
City Bank
Phoenix Finance and Investments
IFIC Bank
FAS Finance & Investment
Islami Bank Bd Ltd
Bay Leasing & Investment Ltd.
NBL
GSP Finance Company (Bangladesh)
Pubali Bank
ICB
Rupali Bank
Delta Brac Housing Fin.Corp. Ltd.
UCBL
National Housing Finance
Uttara Bank
Fareast Finance & Investment
ICB Islamic Bank Ltd
Eastern Bank
Engineering
Al-Arafah Islami Bank
Aftab Automobiles
Prime Bank
Bangladesh Lamps
Southeast Bank
Eastern Cables
Dhaka Bank
Singer Bangladesh
NCCBL
Atlas Bangladesh
Social Islami Bank
Quasem Drycells
Dutch-Bangla Bank
Renwick Jajneswar
Mutual Trust Bank Ltd.
National tubes
Standard Bank
Bd.Thai Aluminium
One Bank Limited
Anwar Galvanizing
Bank Asia
Rangpur Foundry
Mercantile Bank
S. Alam Cold Rolled Steels
Export Import (Exim) Bank
Golden Son Limited
Jamuna Bank
National Polymer
BRAC Bank Ltd.
BSRM Steels Limited
Shahjalal Islami Bank
Navana CNG Limited
Premier Bank Ltd.
Deshbandhu Polymer Limited
Trust Bank Ltd.
GPH Ispat Ltd.
First Security Islami Bank Ltd.
Bengal Windsor Thermoplastics
Bangladesh Building Systems Ltd.
Financial Institutions
Appollo Ispat Complex Limited
IDLC Finance Limited
Shurwid Industries Limited
United Finance Limited
Ratanpur Steel Re-Rolling Mills
Uttara Finance
IFAD Autos Limited
First Lease Finance and Investment
Bangladesh Steel Re-Rolling Mills Ltd.
Peoples Leasing & Fin. Services Ltd.
Prime Finance & Invest.
Food & Allied Product
Premier Leasing & Finance Ltd.
Olympic Industries
Islamic Finance & Investment
Apex Foods
LankaBangla Finance Ltd.
Bangas
Bangladesh Industrial Fin. Com.
BATBC
Industrial Promotion &
AMCL (Pran)
Development com. Of Bd.Ltd
Rahima Food
Union Capital Ltd.
Fu Wang Food
Beach Hatchery Ltd.
R.N. Spinning Mills Ltd.
Fine Foods Limited
Malek Spinning Mills Ltd.
Rangpur Dairy & Food Products
Zahintex Industries Limited
Golden Harvest Agro Industries Ltd.
Saiham Cotton Mills Limited
Emerald Oil Industries Limited
Generation Next Fashions
Envoy Textiles Limited
Fuel & Power
Argon Denims Limited
CVO Petrochemical Refinery
Familytex (BD) Ltd.
Linde Bangladesh Limited
Paramount Textile Limited
Padma Oil Co.
Mozaffar Hossain Spinning Mills Ltd.
Bd. Welding Electrodes
Matin Spinning Mills Ltd.
Summit Power Ltd.
Hwa Well Textiles (BD) Limited
Dhaka Electric Supply Company
Far East Knitting & Dyeing Industries
Power Grid Company of Bangladesh
Tung Hai Knitting and Dyeing
Jamuna Oil Com. Ltd.
Shasha Denims Limited
Meghna Petroleum Ltd.
Titas Gas Trans. & Dist. Co. Ltd.
Pharmaceuticals & Chemicals
Khulna Power Company Ltd.
Ambee Pharma
Barakatullah Electro Dynamics
Beximco Pharma
MJL Bangladesh Limited
Glaxo SmithKline
GBB Power Ltd.
ACI Limited.
Summit Purbanchol Power
Renata Ltd.
Company Ltd.
Pharma Aids
Shahjibazar Power Co. Ltd.
The Ibn Sina
Wata Chemicals Limited
Jute
Beximco Synthetics
Sonali Aansh
Orion Infusion
Square Pharmaceuticals Ltd.
Textile
Keya Cosmetics
Al-Haj Textile
ACI Formulations Ltd.
Rahim Textile
Marico Bangladesh Ltd.
Saiham Textile
Beacon Pharmaceuticals Ltd.
Desh Garments
Active Fine Chemicals Ltd.
Tallu Spinning
Salvo Chemical Industry Limited
Apex Spinning.
Global Heavy Chemicals Limited
Mithun Knitting
Orion Pharma Ltd.
Delta Spinners
JMI Syringes & Medical Devices Ltd.
Prime Textile
Central Pharmaceuticals Ltd.
Alltex Ind. Ltd.
AFC Agro Biotech Ltd.
Anlima Yarn Dyeing Ltd.
Far Chemical Industries Ltd.
H.R.Textile
CMC Kamal
Paper & Printing
Safko Spinnings
Hakkani Pulp & Paper
Square Textile
Khulna Printing and Packaging
Metro Spinning
Maksons Spinning Mills
Services & Realestate
The Dacca Dyeing and
Samorita Hospital
Manufacturing Co. Ltd.
Eastern Housing
Summit Alliance Port Limited
SAIF Powertec Limited
Cement
Heidelberg Cement Bd.
Confidence Cement
Meghna Cement
Aramit Cement
Lafarge Surma Cement
M.I. Cement Factory Limited
Premier Cement Mills Limited
IT - Sector
BDCOM Online Ltd.
In Tech Online Ltd.
Agni Systems Ltd.
Daffodil Computers
Aamra technologies limited
Tannery
Apex Tannery
Bata Shoe
Apex Footwear Limited
Legacy Footwear
Ceramic
Monno Ceramic
Fu-Wang Ceramic
Shinepukur Ceramics Ltd.
RAK Ceramics (BD) Ltd.
Insurance
BGIC
Green Delta Insurance
Peoples Insurance
Eastern Insurance
Janata Insurance
Phoenix Insurance
Eastland Insurance
Karnaphuli Insurance
Rupali Insurance
National Life Insurance
Federal Insurance
Reliance Insurance
Purabi Gen. Insurance
Delta Life Insurance
Pragati Insurance
Sandhani Life Insurance
Prime Insurance
Pioneer Insurance
Mercantile Insurance
Agrani Insurance Co Ltd.
Global Insurance Co. Ltd.
Popular Life Insurance
Fareast Islami Life Insurance Co. Ltd.
Meghna Life Insurance
Nitol Insurance
Progressive Life Insurance Co. Ltd.
Asia Pacific Gen Ins
Sonar Bangla Insurance
Pragati Life Insurance
Prime Islami life Insurance
Paramount Insurance Co. Ltd.
City General Insurance Co. Ltd.
Continental Insurance Ltd.
Takaful Islami Insurance Ltd.
Northern General Insurance Co. Ltd.
Republic Insurance Company Ltd.
Asia Insurance Co. Ltd.
Rupali Life Insurance Co.Ltd.
Islami Insurance BD. Ltd.
Provati Insurance ltd.
Dhaka Insurance Co. Ltd.
Padma Islami Life Insurance Limited
Sunlife Insurance Company Limited
Telecommunication
Grameenphone Ltd.
Bangladesh Submarine Cable
Travel and Leisure
United Airways (BD) Ltd.
Unique Hotel & Resorts Limited
The Peninsula Chittagong Ltd.
Miscellaneous
Aramit
BSC
GQ Ball Pen
Usmania Glass
BEXIMCO
Sinobangla Industries
Miracle Ind.
List Of Constituents of DSE 30 (DS30) Index
BANKS
PHARMACEUTICALS & CHEMICALS
BRAC Bank Ltd.
Square Pharmaceuticals Ltd.
Islami Bank Bd Ltd
ACI Limited
NBL
Beximco Pharma
Pubali Bank
Orion Pharma Ltd.
UCBL
Renata Ltd.
FINANCIAL INSTITUTIONS
CEMENT
IDLC Finance Limited
Heidelberg Cement Bangladesh Ltd.
Lafarge Surma Cement Ltd.
ENGINEERING
Aftab Automobiles
CERAMICS
BSRM Steels Limited
RAK Ceramics (BD) Ltd.
FOOD & ALLIED PRODUCT
INSURANCE
British American Tobacco Bangladesh Ltd.
Delta Life Insurance
Olympic Industries Limited
TELECOMMUNICATION
FUEL & POWER
Grameenphone Ltd.
Titas Gas Trans. & Dist. Co. Ltd.
Bangladesh Submarine Cable Co. Ltd.
Jamuna Oil Com. Ltd.
Meghna Petroleum Ltd.
TRAVEL AND LEISURE
Padma Oil Co.
United Airways (BD) Ltd.
Summit Power Ltd.
Unique Hotel & Resorts Ltd.
TEXTILE
MISCELLANEOUS
Square Textile Limited
BEXIMCO Ltd.
Quarterly IPO Addition
for
As per ‘DSE Bangladesh Index Methodology’
designed and developed by S&P Dow Jones
Indices Interim IPO additions to the DSE Broad
Index (DSEX) take place quarterly on the third
Thursday of April, July and October. “Quarterly
IPO Rebalance is to be considered eligible for
inclusion, an IPO must fall within the top half of
the ranked companies, by float-adjusted market
capitalization and have at least one month of
sufficient liquidity at each quarterly observation
date”.
After ranking the companies in accordance with
Methodology, following one (1) company qualified
for inclusion in the DSEX with effects from October
18, 2015.
1 Olympic Accessories Limited
As a result, total numbers of constituents in DSEX
stands at 245 (Two Hundred and Forty Five).