Market Status: Closed    Sat 16 Dec 17, 3:10 PM (BST)

1JANATAMF 6.60 0.2
FIRST JANATA BANK MF 7,071 3.12%
1STPRIMFMF 16.00 -0.2
PRIME FINANCE 1ST MF 700 -1.23%
AAMRANET 89.30 -2
AAMRA NETWORKS LIMITED 14,695 -2.19%
AAMRATECH 32.70 0.2
AAMRA TECHNOLOGIES LTD. 103,525 0.62%
ABB1STMF 6.70 0
AB BANK 1ST MUTUAL FUND 3,200 0.00%
ABBANK 23.20 0
AB BANK 74,434 0.00%
ACI 464.00 -2.1
ACI 100 -0.45%
ACIFORMULA 178.00 2
ACI FORMULATIONS 750 1.14%
ACMELAB 114.20 0.2
THE ACME LABORATORIES LTD. 4,953 0.18%
ACTIVEFINE 37.20 0.4
ACTIVE FINE CHEMICALS 16,446 1.09%
AFCAGRO 46.20 -0.5
AFC AGRO BIOTECH LIMITED 3,210 -1.07%
AFTABAUTO 64.00 -0.1
AFTAB AUTO. 2,288 -0.16%
AGNISYSL 22.60 0.2
AGNI SYSTEMS 3,000 0.89%
ALARABANK 24.20 0.2
AL-ARAFAH ISLAMI BANK 90,500 0.83%
ALLTEX 11.00 -0.3
ALLTEX IND. 31,674 -2.65%
AMANFEED 65.00 -0.5
AMAN FEED LIMITED 200 -0.76%
AMCL(PRAN) 222.60 -9.5
AMCL(PRAN) 25 -4.09%
ANLIMAYARN 32.80 -0.1
ANLIMA YARN 45,050 -0.30%
ANWARGALV 82.00 -1.5
ANWAR GALVANIZING 6,000 -1.80%
APEXFOODS 138.10 -3.9
APEX FOOD 20 -2.75%
APOLOISPAT 16.60 0.1
APPOLLO ISPAT COMPLEX LTD 54,800 0.61%
ARAMITCEM 32.30 0.1
ARAMIT CEMENT 5,600 0.31%
ARGONDENIM 31.40 -0.2
ARGON DENIMS LIMITED 7,088 -0.63%
ATCSLGF 11.30 -0.1
ASIAN TIGER SANDHANI LIFE GROWTH FUND 24,100 -0.88%
AZIZPIPES 140.00 0
AZIZ PIPE 500 0.00%
BANKASIA 23.70 0.2
BANK ASIA 81,511 0.85%
BARKAPOWER 36.80 0.1
BARAKA POWER LIMITED 46,306 0.27%
BATASHOE 1,170.00 -34
BATA SHOE 140 -2.82%
BAYLEASING 26.80 -0.2
BAY LEASING 4,625 -0.74%
BBS 40.00 0.5
BANGLADESH BUILDING SYSTEMS LIMITED 18,930 1.27%
BBSCABLES 116.60 0.6
BBS CABLES LTD. 10,857 0.52%
BDCOM 28.20 -0.1
BDCOM ONLINE 42,527 -0.35%
BDFINANCE 21.70 -0.1
BD FINANCE 9,750 -0.46%
BDTHAI 28.20 -0.9
BD. THAI ALLUMINIUM 102,530 -3.09%
BDWELDING 25.70 0.7
BD WELDING 30,053 2.80%
BEACHHATCH 17.60 0.2
BEACH HATCHERY 501 1.15%
BEACONPHAR 20.30 0
BEACON PHARMA 12,925 0.00%
BENGALWTL 41.50 0.6
BENGAL WINDSOR THERMOPLASTICS LIMITED 5,791 1.47%
BEXIMCO 26.80 0.2
BEXIMCO LIMITED 206,015 0.75%
BGIC 21.50 1
BANGLADESH GENERAL INS. 2,961 4.88%
BIFC 10.70 0.1
BD INDUSTRIAL FINANCE 6,900 0.94%
BNICL 20.00 0
BANGLADESH NATIONAL INSURANCE COMPANY LIMITED 9,544 0.00%
BRACBANK 106.00 -0.3
BRAC BANK 22,900 -0.28%
BSC 45.70 -0.3
B.S.C. 21,280 -0.65%
BSCCL 103.50 -0.4
BANGLADESH SUBMARINE CABLE CO. LTD. 1,285 -0.38%
BSRMLTD 105.00 -2.2
BANGLADESH STEEL RE-ROLLING MILLS LIMITED 65,622 -2.05%
BSRMSTEEL 79.10 -0.2
BSRM STEELS 905 -0.25%
BXPHARMA 105.00 0.5
BEXIMCO PHARMA 7,163 0.48%
BXSYNTH 8.70 0
BEXIMCO SYNTHETICS 7,190 0.00%
CENTRALINS 22.80 2
CENTRAL INSURANCE 155 9.62%
CENTRALPHL 20.10 -0.1
CENTRAL PHARMACEUTICALS LIMITED 39,152 -0.50%
CITYBANK 52.90 -0.1
CITY BANK 50,942 -0.19%
CITYGENINS 18.50 0.2
CITY GENERAL INSURANCE 15,593 1.09%
CNATEX 8.30 0.1
C & A TEXTILES LIMITED 91,063 1.22%
CONFIDCEM 162.30 -1.2
CONFIDENCE CEMENT 101,820 -0.73%
CONTININS 22.00 0
CONTINENTAL INSURANCE 1,100 0.00%
CVOPRL 213.90 1.5
CVO PETROCHEMICAL 1,277 0.71%
DACCADYE 9.30 0.3
DACCA DYEING 20,215 3.33%
DAFODILCOM 46.00 0
DAFFODIL COMPUTERS 25,000 0.00%
DBH 135.00 -3.1
DELTA BRAC HOUSING 600 -2.24%
DBH1STMF 9.50 0.1
DBH FIRST MF 100 1.06%
DELTALIFE 107.70 0.5
DELTA LIFE INSURAN 1,742 0.47%
DELTASPINN 9.80 0.1
DELTA SPINNERS 79,485 1.03%
DESCO 46.10 -0.6
DHAKA ELECTRIC SUPPLY 1,400 -1.28%
DESHBANDHU 23.50 0.2
DESHBANDHU POLYMER 119,085 0.86%
DHAKABANK 23.00 0
DHAKA BANK 136,600 0.00%
DOREENPWR 118.20 0.5
DOREEN POWER GENERATIONS AND SYSTEMS LIMITED 9,455 0.42%
DSSL 17.70 0.2
DRAGON SWEATER AND SPINNING LIMITED 29,437 1.14%
EASTERNINS 28.60 2.6
EASTERN INS 102 10.00%
EBL 52.00 -0.4
EASTERN BANK 3,094 -0.76%
EBL1STMF 9.60 -0.1
EBL FIRST MF 10,053 -1.03%
ECABLES 210.00 -2.8
EASTERN CABLES 1,560 -1.32%
EHL 51.40 1.5
EASTERN HOUSING 12,559 3.01%
EMERALDOIL 18.40 0.1
EMERALD OIL INDUSTRIES LIMITED 21,277 0.55%
ENVOYTEX 37.00 -1.1
ENVOY TEXTILES LIMITED 1,011 -2.89%
ETL 16.70 0
EVINCE TEXTILES LIMITED 5,230 0.00%
EXIMBANK 16.90 0.1
EXPORT IMPORT BANK 69,740 0.60%
FAMILYTEX 7.70 0
FAMILYTEX(BD) LIMITED 175,966 0.00%
FARCHEM 20.00 0
FAR CHEMICAL INDUSTRIES LIMITED 35,480 0.00%
FAREASTFIN 11.70 0
FAREAST FINANCE & INVESTMENT LIMITED 18,280 0.00%
FAREASTLIF 75.30 0.6
FAREAST ISLAMI LIFE INS. 497 0.80%
FASFIN 22.40 0.2
FAS FINANCE & INVESTMENT 97,996 0.90%
FBFIF 5.90 0
FIRST BD FIXED INCOME FUND 26,408 0.00%
FEDERALINS 12.80 0.2
FEDERAL INSURANCE 18,450 1.59%
FEKDIL 19.90 0.6
FAR EAST KNITTING & DYEING INDUSTRIES LIMITED 9,762 3.11%
FINEFOODS 37.70 -1.3
FINE FOODS 55,490 -3.33%
FIRSTFIN 11.90 -0.1
FIRST FINANCE LIMITED 1,059 -0.83%
FIRSTSBANK 15.10 0.1
FIRST SECURITY ISLAMI BANK 154,050 0.67%
FORTUNE 41.80 -0.1
FORTUNE SHOES LIMITED 24,082 -0.24%
FUWANGCER 17.30 -0.1
FU-WANG CERAMIC 35,040 -0.57%
FUWANGFOOD 21.20 0
FU-WANG FOODS 86,234 0.00%
GBBPOWER 19.60 0
GBB POWER LIMITED 3,714 0.00%
GENNEXT 9.50 0
GENERATION NEXT FASHIONS LIMITED 385,049 0.00%
GHAIL 43.20 -0.4
GOLDEN HARVEST AGRO INDUSTRIES LIMITED 52,011 -0.92%
GHCL 39.80 1.1
GLOBAL HEAVY CHEMICALS LIMITED 4,400 2.84%
GOLDENSON 13.50 0
GOLDEN SON 917 0.00%
GP 465.00 -4.2
GRAMEENPHONE 144,570 -0.90%
GPHISPAT 38.10 0
GPH ISPAT LIMITED 15,430 0.00%
GSPFINANCE 31.00 0.1
GSP FINANCE (BD) LTD 2,139 0.32%
HEIDELBCEM 409.90 0.4
HEIDELBERG CEMENT 415 0.10%
HFL 26.20 0.4
HAMID FABRICS LIMITED 26,235 1.55%
HRTEX 33.10 0.1
H.R. TEXTILES 1,517 0.30%
HWAWELLTEX 35.50 -0.1
HWA WELL TEXTILES (BD) LIMITED 745 -0.28%
IBNSINA 241.00 -1.3
IBN SINA PHARMA 318 -0.54%
ICB 163.00 -2
I.C.B. 1,296 -1.21%
ICB3RDNRB 6.70 0.1
ICB AMCL 3RD NRB MF 2,100 1.52%
ICBEPMF1S1 7.30 0.1
ICB EMPLOYEES PROV MF-1 2,500 1.39%
ICBSONALI1 8.10 0.1
ICB AMCL SONALI BANK LIMITED 1ST MUTUAL FUND 2,000 1.25%
IDLC 87.50 0.4
IDLC FINANCE 1,750 0.46%
IFADAUTOS 130.40 0
IFAD AUTOS LIMITED 1,400 0.00%
IFIC 18.00 0
IFIC BANK 63,243 0.00%
IFIC1STMF 6.30 0
IFIC BANK 1ST MF 4,985 0.00%
ILFSL 21.70 0.2
INTERNATIONAL LEASING 12,000 0.93%
IMAMBUTTON 41.90 1.9
IMAM BUTTON 2,827 4.75%
INTECH 18.10 0.3
INTECH ONLINE 34,880 1.69%
IPDC 49.50 0.4
INDUSTRIAL PROMOTION 1,400 0.81%
ISLAMIBANK 34.30 0
ISLAMI BANK 206,424 0.00%
ISLAMICFIN 20.70 0.2
ISLAMIC FINANCE 15,096 0.98%
ISNLTD 23.80 -0.6
INFORMATION SERVL NET. 59 -2.46%
ITC 37.50 -0.5
INFORMATION TECHNOLOGY CONSULTANTS LIMITED 1,846 -1.32%
JAMUNABANK 21.50 0.2
JAMUNA BANK 234,682 0.94%
JAMUNAOIL 200.50 -1.3
JAMUNA OIL 2,164 -0.64%
JMISMDL 182.10 0.5
JMI SYRINGES & MEDICAL DEVICES LTD. 1,152 0.28%
KAY&QUE 145.00 0
KAY & QUE (BD) 600 0.00%
KBPPWBIL 18.40 0.2
KHAN BROTHERS PP WOVEN BAG INDUSTRIES LIMITED 63,750 1.10%
KDSALTD 66.60 -0.6
KDS ACCESSORIES LIMITED 3,970 -0.89%
KEYACOSMET 12.60 0.1
KEYA COSMETICS 93,656 0.80%
KPCL 59.90 1.1
KHULNA POWER 21,798 1.87%
KPPL 11.90 0.2
KHULNA PRINTING & PACKAGING LIMITED 19,500 1.71%
LAFSURCEML 54.00 -0.7
LAFARGE SURMA CEMENT 81,811 -1.28%
LANKABAFIN 50.40 0
LANKA BANGLA FINANCE 82,650 0.00%
LEGACYFOOT 59.80 -2.2
LEGACY FOOTWEAR 54,136 -3.55%
LIBRAINFU 531.00 -33.5
LIBRA INFUSIONS 120 -5.93%
MAKSONSPIN 10.50 0.2
MAKSONS SPINNING 53,730 1.94%
MALEKSPIN 20.20 -0.5
MALEK SPINNING 1,195 -2.42%
MATINSPINN 38.60 0.5
MATIN SPINNING MILLS LIMITED 410 1.31%
MEGHNALIFE 59.00 0.5
MEGHNA LIFE INSURANCE 256 0.85%
MERCANBANK 25.30 0
MERCANTILE BANK 80,345 0.00%
MERCINS 24.90 0
MERCANTILE INSURANCE 3,195 0.00%
METROSPIN 11.80 0.3
METRO SPINNING 92,897 2.61%
MHSML 20.20 -0.1
MOZAFFAR HOSSAIN SPINNING MILLS LIMITED 11,900 -0.49%
MICEMENT 83.60 -0.4
M.I. CEMENT 422 -0.48%
MIRACLEIND 51.00 -1.3
MIRACLE INDUSTRIES 32,545 -2.49%
MJLBD 109.10 -0.4
MJL BANGLADESH LIMITED 4,276 -0.37%
MONNOCERA 98.00 -1.2
MONNO CERAMIC 965 -1.21%
MPETROLEUM 189.30 1.8
MEGHNA PETROLEUM 23 0.96%
MTB 34.30 -0.8
MUTUAL TRUST BANK LIMITED 13,829 -2.28%
NBL 12.60 0
NATIONAL BANK 329,982 0.00%
NCCBANK 17.30 0
NATIONAL CREDIT & COM. BNK 86,845 0.00%
NFML 19.30 0.3
NATIONAL FEED MILL LIMITED 21,840 1.58%
NPOLYMAR 88.30 -0.6
NATIONAL POLYMER 3,725 -0.67%
NURANI 19.90 0.1
NURANI DYEING & SWEATER LIMITED 99,395 0.51%
OAL 20.40 0.4
OLYMPIC ACCESSORIES LIMITED 30,525 2.00%
OIMEX 70.00 -0.3
OIMEX ELECTRODE LIMITED 38,051 -0.43%
OLYMPIC 279.00 1.7
OLYMPIC INDUSTRIES 4,805 0.61%
ONEBANKLTD 23.70 -0.2
ONE BANK 59,710 -0.84%
ORIONINFU 55.00 -0.4
ORION INFUSION 3,880 -0.72%
ORIONPHARM 48.00 0.2
ORION PHARMA LIMITED 100 0.42%
PADMALIFE 52.00 1.4
PADMA ISLAMI LIFE INSURANCE 2,260 2.77%
PADMAOIL 246.70 1.3
PADMA OIL 597 0.53%
PDL 20.00 0.1
PACIFIC DENIMS LIMITED 23,500 0.50%
PENINSULA 24.10 0
THE PENINSULA CHITTAGONG LIMITED 50,425 0.00%
PF1STMF 7.30 0.1
PHOENIX FINANCE 1ST MF 200 1.39%
PHOENIXFIN 38.50 0.8
PHOENIX FINANCE 8,600 2.12%
PLFSL 13.30 0.8
PEOPLE'S LEASING 116,560 6.40%
POPULAR1MF 6.30 0
POPULAR LIFE FIRST MF 68,504 0.00%
POPULARLIF 71.80 -0.1
POPULAR LIFE INSURANCE 500 -0.14%
POWERGRID 52.10 0
POWER GRID 5,000 0.00%
PREMIERBAN 15.60 0.2
PREMIER BANK 86,815 1.30%
PREMIERCEM 87.00 -3
PREMIER CEMENT MILLS LIMITED 1,300,620 -3.33%
PREMIERLEA 17.90 0.1
PREMIER LEASING 10,430 0.56%
PRIMEBANK 26.60 0.3
PRIME BANK 272,222 1.14%
PRIMEFIN 12.40 0.8
PRIME FINANCE 9,410 6.90%
PRIMEINSUR 20.50 1.2
PRIME INSURANCE 9,594 6.22%
PRIMELIFE 57.00 3.9
PRIME ISLAMI LIFE INS. 14 7.34%
PRIMETEX 26.40 -0.1
PRIME TEXTILE 4,536 -0.38%
PROVATIINS 21.00 0.6
PROVATI INSURANCE 6,135 2.94%
PTL 42.50 -0.3
PARAMOUNT TEXTILE LIMITED 62,274 -0.70%
PUBALIBANK 30.50 0
PUBALI BANK 9,300 0.00%
QSMDRYCELL 80.00 1
QUASEM DRYCELLS 900 1.27%
RAHIMAFOOD 168.50 0.4
RAHIMA FOOD CORP. 450 0.24%
RAKCERAMIC 61.30 0.6
R.A.K. CERAMICS 186,458 0.99%
RANFOUNDRY 130.50 0.2
RANGPUR FOUNDRY 2,045 0.15%
RDFOOD 18.70 0.4
RAGPUR DAIRY & FOOD PRO 190,297 2.19%
REGENTTEX 21.90 0.1
REGENT TEXTILE MILLS LIMITED 14,870 0.46%
RELIANCE1 10.40 0.2
RELIANCE ONE MUTUAL FUNDS 550 1.96%
REPUBLIC 24.30 0.5
REPUBLIC INSURANCE 375 2.10%
RNSPIN 16.90 0
R. N. SPINNING 153,658 0.00%
RSRMSTEEL 63.30 -0.1
RATANPUR STEEL RE-ROLLING MILLS LIMITED 5,506 -0.16%
RUPALIBANK 57.00 -0.1
RUPALI BANK 12,413 -0.18%
RUPALILIFE 41.90 3.1
RUPALI LIFE INSURANCE 16,352 7.99%
SAFKOSPINN 17.60 0.2
SAFKO SPINING 41,706 1.15%
SAIFPOWER 33.70 0.1
SAIF POWERTEC LTD. 29,672 0.30%
SAIHAMCOT 17.50 0
SAIHAM COTTON MILLS LTD. 6,040 0.00%
SALAMCRST 34.50 -0.1
S ALAM STEELS 79 -0.29%
SALVOCHEM 22.60 0.2
SALVO CHEMICAL 66,045 0.89%
SAMATALETH 71.00 2.7
SAMATA LEATHER 1,340 3.95%
SANDHANINS 30.50 -0.5
SANDHANI LIFE INS. 7,000 -1.61%
SAPORTL 35.10 0.1
SUMMIT ALLIANCE PORT 23,063 0.29%
SEMLLECMF 9.40 -0.1
SEML LECTURE EQUITY MANAGEMENT FUND 100 -1.05%
SHAHJABANK 32.20 0.2
SHAHJALAL ISLAMI BANK 128,220 0.63%
SHASHADNIM 60.40 -0.4
SHASHA DENIMS LIMITED 4,593 -0.66%
SHEPHERD 30.50 -0.1
SHEPHERD INDUSTRIES LIMITED 5,350 -0.33%
SHURWID 15.70 0.3
SHURWID INDUSTRIES LTD. 14,040 1.95%
SIBL 24.60 0.3
SOCIAL ISLAMI BANK 12,425 1.23%
SIMTEX 30.10 0.6
SIMTEX INDUSTRIES LIMITED 157,441 2.03%
SINGERBD 195.00 1.1
SINGER BD 1,700 0.57%
SINOBANGLA 55.20 -0.1
SINOBANGLA INDUSTRIES 3,400 -0.18%
SONARGAON 16.30 -0.3
SONARGAON TEXTILE 6,005 -1.81%
SOUTHEASTB 22.00 0.3
SOUTHEAST BANK 16,468 1.38%
SPCERAMICS 17.70 0.2
SHINEPUKUR CERAMICS 2,274 1.14%
SPCL 118.80 -1.8
SHAHJIBAZAR POWER CO. LTD. 3,042 -1.49%
SQUARETEXT 66.00 2.1
SQUARE TEXTILES 1,175 3.29%
SQURPHARMA 303.00 1
SQUARE PHARMA 17,128 0.33%
STANDARINS 31.50 1
STANDARD INSURANCE 101 3.28%
STANDBANKL 15.80 0.2
STANDARD BANK 76,165 1.28%
SUMITPOWER 36.20 0
SUMMIT POWER 26,374 0.00%
SUNLIFEINS 25.00 0.4
SUNLIFE INSURANCE COMPANY LIMITED 1,000 1.63%
TAKAFULINS 24.00 -2
TAKAFUL ISLAMI INS. 1,240 -7.69%
TITASGAS 44.00 -0.2
TITAS GAS 14,020 -0.45%
TOSRIFA 25.00 0
TOSRIFA INDUSTRIES LIMITED 741 0.00%
TRUSTB1MF 6.70 0
TRUST BANK FIRST MF 47,650 0.00%
TRUSTBANK 42.20 -0.5
TRUST BANK 17,680 -1.17%
TUNGHAI 12.10 0
TUNG HAI KNITTING AND DYEING LIMITED 48,117 0.00%
UCB 23.20 0
U.C.B.L. 137,077 0.00%
UNIONCAP 19.10 0.1
UNION CAPITAL 3,200 0.53%
UNIQUEHRL 55.30 0.2
UNIQUE HOTEL & RESORTS LTD. 1,372 0.36%
UNITEDAIR 5.60 0.1
UNITED AIRWAYS 59,566 1.82%
UPGDCL 183.00 1
UNITED POWER GENERATION & DISTRIBUTION COMPANY LIMITED 6,901 0.55%
USMANIAGL 94.10 -1.9
USMANIA GLASS 2,058 -1.98%
UTTARABANK 35.40 0.3
UTTARA BANK 40,111 0.85%
UTTARAFIN 73.50 0.8
UTTARA FINANCE 236 1.10%
WATACHEM 250.00 8
WATA CHEMICALS LIMITED 560 3.31%
WMSHIPYARD 31.40 0.4
WESTERN MARINE SHIPYARD LIMITED 161,915 1.29%
YPL 24.00 1.4
YEAKIN POLYMER LIMITED 201,629 6.19%
ZAHEENSPIN 22.60 -0.3
ZAHEEN SPINNING LIMITED 5,683 -1.31%
ZAHINTEX 16.80 0.3
ZAHINTEX INDUSTRIES LIMITED 3,370 1.82%

CSE ALL SHARE PRICE INDEX

A good market representative index should involve:

  • Scientific calculation formulas with clear adjustment procedure
  • Logical scrip selection criteria
  • Distinct base date
  • Meaningful base value

The only index the CSE has been maintaining since 10th October 1995 is a ALL SHARE PRICE INDEX using Chained Paasche method. It faces question of clarity. This index was subject to unusual ups and downs and without a distinct base value. Therefore in need of a clean slate CSE finds the date 1 January 2000 is the best date to start new Indices:

An All Share Price Index with new formula and base date 30th December 1999 (the last day of the year) and new base index of thousand (to mark the millenium) will replace the existing one and A completely new Selective Index incorporating 30 scrips with base date 30th December 1999 and base index 1000.

We have studied index of a number of bourses and found that the Laspayers Method to calculate index is regarded as the most transparent and scientific method. The method is described below in this write-up.
The following conditions will be followed while calculating the All Share Price Index:

  • All Share Price Index does not necessarily mean that all the listed stocks should be considered for calculating the index. Inactive stocks not being traded for consecutive six months will not be considered in the calculation.
  • Only the active scrips will be considered for calculating the index.
  • Mutual Funds and Debt securities will not be considered in calculating index.
  • A newly listed scrip will be included in the index after five consecutive trading days.
  • Only normal trades should be considered in calculating index.
  • All share price index will be calculated only once in a day - after the trading hour in the on line system.
  • No changes in number of shares will be allowed during VECTOR session.
  • Index committee will review the index - its criteria, performance, calculation method after every six month.
  • Index Base Date is 30th December 1999
  • Base Day index 1000

CSE SELECTIVE INDEX (CSE - 30)

At the beginning of new millennium a selective Index will be introduced, which is found to be very popular in almost all the developed exchanges worldwide. Here the selection criteria play a very important role in forming an index.

Criteria for a Selective Index

It provides a discussion about the important criterion for an index, which is to be used as a benchmark of performance. The criterion is that the movement of the index fully represents the aggregate movement of the index's constituent assets and that the index's returns are realizable by an investor who has held a portfolio identical to the asset mix of the index. Value-Weighted Index satisfies the above criterion.
Selection of stocks for the benchmark index should be such that it represents the whole market. In addition it will be guaranteed that the constituent stocks have high percentage coverage of the market in terms of market value. This will make it difficult if not possible for a few investors to manipulate the movement of the index.

CRITERIA FOR CSE-30 INDEX

(After revision in the Listing & Index Committee Meeting held on 28th Apr 2009)
Two layer methods are followed for selection of listed companies in the CSE-30 Index. In the first layer method, basic criteria are considered for primary selection.

BASIC CRITERIA

  • Must be listed with the Chittagong Stock Exchange Limited.
  • In case of IPO/New Issue, this should be on listing either with DSE or CSE for a minimum period of 2 years or remained in Commercial Production in Bangladesh for the minimum same period prior to its listing.
  • Companies that did not hold their Annual General Meetings regularly will not be considered.
  • Minimum market capitalization must be Tk. 200 million and at least two times of paid-up capital.
  • Must have at least 20% free floating share capital. Free floating share capital shall mean the share capital which will exclude Govt's holding (other than ICB), Sponsors/Directors & their Associates' holding plus other locked-in portions.
  • Must have positive revenue reserve/ retained earnings.
  • Must be traded for at least 50% trading days of the six monthly review period.
  • Paid dividend in any of the last 2 years.
  • Company having negative Earning Per Share (EPS) for last two consecutive years will not be considered.
  • Company falling under settlement category 'Z' will not be considered.
  • Financial Institution falling under the problem list of Bangladesh Bank will not be considered provided such information is available from an acceptable source.
  • Company failing to pay the listing fees and/or penalty imposed under the Listing Regulations of CSE for a period of 2 years will not be considered.
  • At least one company from each sector having minimum seven companies will be taken in the index if the scrip satisfies the above criteria and achieves the minimum point (50 points) as evaluated on the basis of the following Selection Criteria. The sector having less than seven companies will be considered to be a part of Miscellaneous Sector.

On being qualified on the basis of the Basic Criteria, the companies are required to meet the following further Selection Criteria to have the final berth in CSE-30 Index.

SELECTION CRITERIA

  • Higher Net Assets Value (NAV) per share
  • Higher rate of Earning Per Share (EPS)
  • Higher rate of Dividend
  • Lower Price Earning (PE) Ratio
  • Higher Dividend Yield (DY)
  • Higher rate of free floating in equity
  • Larger number of shareholders
  • Higher liquidity in terms of trading day
  • Higher liquidity in terms of number of contract
  • Longer duration of continuous remaining in the CSE-30 Index
  • Regular payment of listing fees

Conditions to be followed while forming the selective Index:

  • Only the active scrips will be considered for calculating the index.
  • Mutual Funds and Debt securities will not be considered in this index.
  • Only normal public market trades will be considered.
  • Selective Index will be refreshed after 3 minutes time interval during online trade.
  • At the time of update the Selective Index will consider the Weighted Average Price for each constituent stock. (Example annexed)
  • No changes in number of shares will be allowed during the bussiness sessions.
  • Index committee will review the index - its criteria, performance, calculation method after every six month.
  • Index Base Date is 30th December 1999
  • Base Day index is set to be 1000.

CSE Selective Categories Index - CSCX

Chittagong Stock Exchange (CSE) launched a new index named CSCX (CSE Selective Categories' Index) comprised A, B & G category companies from 14th February 2004 to replace the earlier CSE Trade Volume Weighted Index.
The Base Date of this index is 15th April 2001 (when A, B & Z category were introduced) and Base Value is set to 1000.
The new index includes all but not the Z category companies. This also excludes the companies/scrips which are debt securities, mutual funds, suspended for indifinte period and non-traded for preceding six months of review meeting. The index will be reviewed in the Index Committee Meeting after every six months like other two indices of CSE.
This index will be disseminated on line to all the Brokers' Work Stations (BWSs) during trading sessions and after every three minutes the index value will be refreshed.
According to the said bases of this index the value of the index on 11th February 2004 stands at 1165.3754. A graphical view from its inception i.e. 15th April 2001 is as below:



The construction principle of this index based on Laspeyres method like other two CSE indices, CSE All Share Price Index and CSE-30 Index. It may be mentioned here that the base value of these two indices was also set to 1000 with a base date 30th December 1999. The current values (as on 11th Feruary 2004) of CSE All Share Price Index and CSE-30 Index are 1601.54 and 1483.60 respectively.