Market Status: Closed    Mon 26 Jun 17, 1:00 AM (BST)

1JANATAMF 7.30 0
FIRST JANATA BANK MF 2,234 0.00%
AAMRATECH 42.40 -0.5
AAMRA TECHNOLOGIES LTD. 60,752 -1.17%
ABB1STMF 7.00 0
AB BANK 1ST MUTUAL FUND 26,900 0.00%
ABBANK 18.90 0.2
AB BANK 145,378 1.07%
ACI 515.00 3.3
ACI 101 0.64%
ACIFORMULA 198.00 -1
ACI FORMULATIONS 110 -0.50%
ACMELAB 116.30 0.8
THE ACME LABORATORIES LTD. 15,778 0.69%
ACTIVEFINE 51.10 0.6
ACTIVE FINE CHEMICALS 23,088 1.19%
AFCAGRO 58.70 1.3
AFC AGRO BIOTECH LIMITED 45,478 2.26%
AFTABAUTO 65.80 1.7
AFTAB AUTO. 20,347 2.65%
AGNISYSL 27.40 0.1
AGNI SYSTEMS 97,344 0.37%
ALARABANK 18.20 0.2
AL-ARAFAH ISLAMI BANK 333,236 1.11%
ALLTEX 13.30 0.3
ALLTEX IND. 38,146 2.31%
AMANFEED 74.60 -1.4
AMAN FEED LIMITED 301 -1.84%
AMCL(PRAN) 211.70 -3.4
AMCL(PRAN) 100 -1.58%
ANLIMAYARN 31.70 0.3
ANLIMA YARN 1,000 0.96%
ANWARGALV 68.60 -0.9
ANWAR GALVANIZING 3,120 -1.29%
APEXFOODS 143.70 1.4
APEX FOOD 1,174 0.98%
APEXSPINN 107.10 -1.4
APEX SPINNING 100 -1.29%
APEXTANRY 152.00 2
APEX TANNERY 300 1.33%
APOLOISPAT 20.30 -0.1
APPOLLO ISPAT COMPLEX LTD 200,935 -0.49%
ARAMITCEM 36.50 -0.4
ARAMIT CEMENT 2,250 -1.08%
ARGONDENIM 36.30 -0.2
ARGON DENIMS LIMITED 65,532 -0.55%
ASIAINS 21.60 0.6
ASIA INSURANCE 53 2.86%
ASIAPACINS 22.80 0.6
ASIA PACIFIC GENERAL INS. 6,000 2.70%
ATCSLGF 11.20 0.2
ASIAN TIGER SANDHANI LIFE GROWTH FUND 1,021 1.82%
AZIZPIPES 75.30 2.7
AZIZ PIPE 844 3.72%
BANGAS 130.00 5.7
BANGAS 2,127 4.59%
BANKASIA 17.00 0
BANK ASIA 21,200 0.00%
BARKAPOWER 43.60 -0.3
BARAKA POWER LIMITED 54,837 -0.68%
BATASHOE 1,135.00 21.5
BATA SHOE 5 1.93%
BATBC 2,800.00 51.2
BAT BD CO 474 1.86%
BAYLEASING 24.60 0.5
BAY LEASING 10,569 2.07%
BBS 48.50 -0.3
BANGLADESH BUILDING SYSTEMS LIMITED 36,706 -0.61%
BDCOM 47.00 -0.2
BDCOM ONLINE 12,739 -0.42%
BDFINANCE 21.90 0.1
BD FINANCE 143,570 0.46%
BDTHAI 27.50 -0.1
BD. THAI ALLUMINIUM 16,056 -0.36%
BDWELDING 20.30 -0.3
BD WELDING 69,469 -1.46%
BEACHHATCH 20.00 0.6
BEACH HATCHERY 30,489 3.09%
BEACONPHAR 23.10 0.2
BEACON PHARMA 111,656 0.87%
BENGALWTL 47.00 0.1
BENGAL WINDSOR THERMOPLASTICS LIMITED 17 0.21%
BEXIMCO 32.90 -0.1
BEXIMCO LIMITED 230,844 -0.30%
BGIC 18.80 0
BANGLADESH GENERAL INS. 17 0.00%
BIFC 9.50 -0.3
BD INDUSTRIAL FINANCE 1,800 -3.06%
BNICL 18.00 0
BANGLADESH NATIONAL INSURANCE COMPANY LIMITED 13,550 0.00%
BRACBANK 79.00 0.5
BRAC BANK 13,830 0.64%
BSC 53.60 0.5
B.S.C. 61,480 0.94%
BSCCL 118.90 0.9
BANGLADESH SUBMARINE CABLE CO. LTD. 6,048 0.76%
BSRMLTD 134.20 2.8
BANGLADESH STEEL RE-ROLLING MILLS LIMITED 7,800 2.13%
BSRMSTEEL 91.30 1.2
BSRM STEELS 6,784 1.33%
BXPHARMA 113.80 -0.6
BEXIMCO PHARMA 30,746 -0.52%
BXSYNTH 9.00 0
BEXIMCO SYNTHETICS 27,328 0.00%
CENTRALINS 19.10 0.1
CENTRAL INSURANCE 20 0.53%
CENTRALPHL 30.60 0.7
CENTRAL PHARMACEUTICALS LIMITED 117,390 2.34%
CITYBANK 36.80 0.2
CITY BANK 67,914 0.55%
CITYGENINS 15.20 -0.6
CITY GENERAL INSURANCE 1,388 -3.80%
CNATEX 9.40 -0.3
C & A TEXTILES LIMITED 113,477 -3.09%
CONFIDCEM 131.20 -2.2
CONFIDENCE CEMENT 4 -1.65%
CVOPRL 264.90 21.3
CVO PETROCHEMICAL 59,218 8.74%
DACCADYE 8.80 0.1
DACCA DYEING 56,342 1.15%
DAFODILCOM 42.10 2.6
DAFFODIL COMPUTERS 33,197 6.58%
DBH 114.00 -0.4
DELTA BRAC HOUSING 2,580 -0.35%
DELTALIFE 96.50 0.4
DELTA LIFE INSURAN 810 0.42%
DELTASPINN 11.30 0.2
DELTA SPINNERS 68,711 1.80%
DESCO 49.80 -0.2
DHAKA ELECTRIC SUPPLY 2,600 -0.40%
DESHBANDHU 20.20 0.2
DESHBANDHU POLYMER 23,419 1.00%
DHAKABANK 18.50 0.3
DHAKA BANK 37,095 1.65%
DHAKAINS 20.00 0
DHAKA INSURANCE 1,337 0.00%
DOREENPWR 140.00 2.4
DOREEN POWER GENERATIONS AND SYSTEMS LIMITED 25,191 1.74%
DSSL 20.80 -0.3
DRAGON SWEATER AND SPINNING LIMITED 47,903 -1.42%
EASTERNINS 27.50 0.6
EASTERN INS 105 2.23%
EASTLAND 22.70 1.2
EASTLAND INSURANCE 18,890 5.58%
EBL 32.90 0.4
EASTERN BANK 60 1.23%
EBL1STMF 7.70 0.1
EBL FIRST MF 126,600 1.32%
EHL 47.80 -0.1
EASTERN HOUSING 3,717 -0.21%
EMERALDOIL 24.80 0.4
EMERALD OIL INDUSTRIES LIMITED 59,508 1.64%
ENVOYTEX 37.50 -0.2
ENVOY TEXTILES LIMITED 1,339 -0.53%
ETL 22.60 -0.1
EVINCE TEXTILES LIMITED 97,745 -0.44%
EXIMBANK 11.80 -0.1
EXPORT IMPORT BANK 1,185,097 -0.84%
FAMILYTEX 8.20 0
FAMILYTEX(BD) LIMITED 210,063 0.00%
FARCHEM 25.40 -0.2
FAR CHEMICAL INDUSTRIES LIMITED 35,001 -0.78%
FAREASTFIN 10.30 0.2
FAREAST FINANCE & INVESTMENT LIMITED 145,637 1.98%
FAREASTLIF 73.00 0
FAREAST ISLAMI LIFE INS. 221 0.00%
FASFIN 17.30 -0.1
FAS FINANCE & INVESTMENT 39,644 -0.57%
FBFIF 6.70 0.1
FIRST BD FIXED INCOME FUND 95,700 1.52%
FEDERALINS 11.30 0
FEDERAL INSURANCE 3,061 0.00%
FEKDIL 25.50 0
FAR EAST KNITTING & DYEING INDUSTRIES LIMITED 1,856 0.00%
FINEFOODS 34.00 0.9
FINE FOODS 3,730 2.72%
FIRSTFIN 11.30 0.2
FIRST FINANCE LIMITED 2,275 1.80%
FIRSTSBANK 12.90 0
FIRST SECURITY ISLAMI BANK 43,435 0.00%
FORTUNE 52.60 -0.1
FORTUNE SHOES LIMITED 6,905 -0.19%
FUWANGCER 18.40 0.1
FU-WANG CERAMIC 38,501 0.55%
FUWANGFOOD 15.80 0.6
FU-WANG FOODS 220,540 3.95%
GBBPOWER 22.80 -0.2
GBB POWER LIMITED 40,608 -0.87%
GENNEXT 9.50 0.1
GENERATION NEXT FASHIONS LIMITED 500,717 1.06%
GHAIL 43.00 1.3
GOLDEN HARVEST AGRO INDUSTRIES LIMITED 34,410 3.12%
GHCL 39.70 0.3
GLOBAL HEAVY CHEMICALS LIMITED 2,000 0.76%
GOLDENSON 17.50 0.2
GOLDEN SON 24,415 1.16%
GP 340.00 2.7
GRAMEENPHONE 5,214 0.80%
GPHISPAT 44.20 -0.1
GPH ISPAT LIMITED 23,152 -0.23%
GQBALLPEN 83.10 -2.9
GQ BALL PEN 500 -3.37%
GRAMEENS2 15.10 -0.1
GRAMEEN MF TWO 20,300 -0.66%
GREENDELMF 8.80 0
GREEN DELTA MF 1,000 0.00%
GSPFINANCE 28.50 -0.3
GSP FINANCE (BD) LTD 2,957 -1.04%
HAKKANIPUL 52.40 0.1
HAKKANI PULP & PAPER 2,205 0.19%
HFL 25.30 0
HAMID FABRICS LIMITED 27,502 0.00%
HRTEX 34.50 0.2
H.R. TEXTILES 600 0.58%
IBBLPBOND 963.00 -4
IBBL MUDARABA BOND 10 -0.41%
IBNSINA 241.50 -1.5
IBN SINA PHARMA 100 -0.62%
ICB 176.00 -2.2
I.C.B. 1,791 -1.23%
ICB2NDNRB 11.70 0.2
ICB AMCL 2ND NRB MF 2,150 1.74%
ICB3RDNRB 8.00 0
ICB AMCL 3RD NRB MF 41,800 0.00%
ICBEPMF1S1 8.40 0.2
ICB EMPLOYEES PROV MF-1 1,500 2.44%
IDLC 72.00 0.5
IDLC FINANCE 16,027 0.70%
IFADAUTOS 136.00 0.4
IFAD AUTOS LIMITED 17,077 0.29%
IFIC 17.50 0.1
IFIC BANK 93,065 0.57%
IFIC1STMF 6.90 0
IFIC BANK 1ST MF 10,515 0.00%
IFILISLMF1 9.00 0.5
IFIL ISLAMIC MF-1 5,565 5.88%
ILFSL 14.40 0.1
INTERNATIONAL LEASING 42,836 0.70%
IMAMBUTTON 17.50 0.5
IMAM BUTTON 4,179 2.94%
INTECH 17.00 -0.2
INTECH ONLINE 79,589 -1.16%
IPDC 45.50 0.7
INDUSTRIAL PROMOTION 3,201 1.56%
ISLAMIBANK 32.30 0.6
ISLAMI BANK 292,252 1.89%
ISLAMICFIN 24.90 0.4
ISLAMIC FINANCE 118,722 1.63%
ISLAMIINS 27.00 0.7
ISLAMI INSURANCE 2,000 2.66%
ISNLTD 15.60 -0.8
INFORMATION SERVL NET. 52 -4.88%
ITC 48.00 0.8
INFORMATION TECHNOLOGY CONSULTANTS LIMITED 9,545 1.69%
JAMUNABANK 17.80 0.4
JAMUNA BANK 10,013 2.30%
JAMUNAOIL 207.00 0.6
JAMUNA OIL 675 0.29%
JANATAINS 12.30 0
JANATA INSURANCE 441 0.00%
KBPPWBIL 22.70 -0.3
KHAN BROTHERS PP WOVEN BAG INDUSTRIES LIMITED 40,770 -1.30%
KDSALTD 77.60 1.3
KDS ACCESSORIES LIMITED 6,587 1.70%
KEYACOSMET 14.40 0
KEYA COSMETICS 142,558 0.00%
KPCL 58.40 -0.4
KHULNA POWER 29,677 -0.68%
KPPL 10.80 0.7
KHULNA PRINTING & PACKAGING LIMITED 139,192 6.93%
LAFSURCEML 63.00 -0.1
LAFARGE SURMA CEMENT 69,511 -0.16%
LANKABAFIN 55.60 1.4
LANKA BANGLA FINANCE 195,797 2.58%
LEGACYFOOT 26.80 0.7
LEGACY FOOTWEAR 16,215 2.68%
LRGLOBMF1 7.80 0
LR GLOBAL BANGLADESH MF ONE 1,000 0.00%
MAKSONSPIN 10.20 0.2
MAKSONS SPINNING 69,695 2.00%
MALEKSPIN 22.80 -0.1
MALEK SPINNING 9,605 -0.44%
MARICO 1,028.00 28
MARICO BANGLADESH 107 2.80%
MATINSPINN 40.30 0
MATIN SPINNING MILLS LIMITED 2,801 0.00%
MERCANBANK 18.40 0.3
MERCANTILE BANK 94,972 1.66%
METROSPIN 8.20 0
METRO SPINNING 44,225 0.00%
MHSML 29.60 -0.3
MOZAFFAR HOSSAIN SPINNING MILLS LIMITED 27,059 -1.00%
MICEMENT 93.00 -0.2
M.I. CEMENT 4,261 -0.21%
MIRACLEIND 43.70 0.1
MIRACLE INDUSTRIES 9,418 0.23%
MITHUNKNIT 42.30 2.1
MITHUN KNITTING 69,458 5.22%
MJLBD 121.80 0.5
MJL BANGLADESH LIMITED 21,272 0.41%
MONNOCERA 37.30 0.4
MONNO CERAMIC 4,506 1.08%
MPETROLEUM 198.00 0.2
MEGHNA PETROLEUM 2,527 0.10%
MTB 24.80 1.3
MUTUAL TRUST BANK LIMITED 1,600 5.53%
NAVANACNG 70.00 -1
NAVANA CNG 4,255 -1.41%
NBL 11.60 0
NATIONAL BANK 253,801 0.00%
NCCBANK 13.30 0
NATIONAL CREDIT & COM. BNK 176,906 0.00%
NFML 25.60 0
NATIONAL FEED MILL LIMITED 16,210 0.00%
NHFIL 46.60 -0.3
NATIONAL HOUSING 1,900 -0.64%
NORTHRNINS 24.60 1.6
NORTHERN GENERAL INS. 5,600 6.96%
NTC 589.00 -22.8
NATIONAL TEA 517 -3.73%
NURANI 23.50 0.6
NURANI DYEING & SWEATER LIMITED 200,036 2.62%
OAL 24.80 -0.1
OLYMPIC ACCESSORIES LIMITED 20,872 -0.40%
OLYMPIC 272.80 1.5
OLYMPIC INDUSTRIES 1,029 0.55%
ONEBANKLTD 21.20 0.4
ONE BANK 96,874 1.92%
ORIONINFU 57.80 0.6
ORION INFUSION 18,000 1.05%
ORIONPHARM 50.50 -0.5
ORION PHARMA LIMITED 9,590 -0.98%
PADMALIFE 41.00 0
PADMA ISLAMI LIFE INSURANCE 540 0.00%
PADMAOIL 248.00 -1.4
PADMA OIL 1,764 -0.56%
PARAMOUNT 18.20 0
PARAMOUNT INSURANCE 13,200 0.00%
PDL 24.80 0.1
PACIFIC DENIMS LIMITED 199,336 0.40%
PENINSULA 25.50 0.1
THE PENINSULA CHITTAGONG LIMITED 48,641 0.39%
PEOPLESINS 22.00 2
PEOPLES INSURANCE 1,035 10.00%
PHOENIXFIN 26.30 0.5
PHOENIX FINANCE 4,700 1.94%
PHPMF1 7.80 0
PHP FIRST MF 27,720 0.00%
PLFSL 10.40 0.2
PEOPLE'S LEASING 48,080 1.96%
POPULAR1MF 6.90 -0.1
POPULAR LIFE FIRST MF 348,262 -1.43%
POWERGRID 51.90 -0.1
POWER GRID 2,000 -0.19%
PREMIERBAN 11.30 0.2
PREMIER BANK 236,742 1.80%
PREMIERCEM 92.80 3
PREMIER CEMENT MILLS LIMITED 5 3.34%
PREMIERLEA 19.20 0.5
PREMIER LEASING 115,447 2.67%
PRIME1ICBA 8.00 0
PRIME BANK 1ST ICB AMCL MF 2,000 0.00%
PRIMEBANK 22.50 1.2
PRIME BANK 1,233,202 5.63%
PRIMEFIN 11.40 -0.3
PRIME FINANCE 25,000 -2.56%
PTL 37.40 0.4
PARAMOUNT TEXTILE LIMITED 318,750 1.08%
PUBALIBANK 24.20 -0.1
PUBALI BANK 8,548 -0.41%
QSMDRYCELL 92.00 0
QUASEM DRYCELLS 1,900 0.00%
RAHIMAFOOD 142.00 3
RAHIMA FOOD CORP. 3,570 2.16%
RAKCERAMIC 57.60 0.4
R.A.K. CERAMICS 12,101 0.70%
RANFOUNDRY 118.90 0
RANGPUR FOUNDRY 675 0.00%
RDFOOD 17.50 0.3
RAGPUR DAIRY & FOOD PRO 102,213 1.74%
REGENTTEX 31.00 -1
REGENT TEXTILE MILLS LIMITED 160,498 -3.13%
RELIANCE1 10.80 0.8
RELIANCE ONE MUTUAL FUNDS 2,650 8.00%
RNSPIN 21.60 -0.1
R. N. SPINNING 138,420 -0.46%
RSRMSTEEL 83.60 2.1
RATANPUR STEEL RE-ROLLING MILLS LIMITED 17,670 2.58%
RUPALIBANK 28.00 1.4
RUPALI BANK 652 5.26%
SAFKOSPINN 14.30 0.2
SAFKO SPINING 3,980 1.42%
SAIFPOWER 43.60 0.2
SAIF POWERTEC LTD. 170,157 0.46%
SAIHAMCOT 16.80 -0.4
SAIHAM COTTON MILLS LTD. 25,000 -2.33%
SAIHAMTEX 21.20 0.2
SIAHAM TEXTILE 18,620 0.95%
SALAMCRST 35.00 0.3
S ALAM STEELS 7,203 0.86%
SALVOCHEM 23.00 -0.6
SALVO CHEMICAL 63,759 -2.54%
SAMATALETH 29.70 2.7
SAMATA LEATHER 4,747 10.00%
SAMORITA 79.10 -1.8
SAMORITA HOSPITAL 1,322 -2.22%
SANDHANINS 34.40 -1.1
SANDHANI LIFE INS. 48 -3.10%
SAPORTL 40.70 0.5
SUMMIT ALLIANCE PORT 14,015 1.24%
SHAHJABANK 16.00 0
SHAHJALAL ISLAMI BANK 3,100 0.00%
SHEPHERD 39.90 -0.3
SHEPHERD INDUSTRIES LIMITED 54,793 -0.75%
SHURWID 12.70 0.2
SHURWID INDUSTRIES LTD. 37,345 1.60%
SIBL 21.80 -0.2
SOCIAL ISLAMI BANK 9,076 -0.91%
SIMTEX 28.00 0.5
SIMTEX INDUSTRIES LIMITED 306 1.82%
SINGERBD 191.00 -0.3
SINGER BD 730 -0.16%
SINOBANGLA 44.50 -1.1
SINOBANGLA INDUSTRIES 5,973 -2.41%
SONARGAON 12.80 0.2
SONARGAON TEXTILE 6,300 1.59%
SOUTHEASTB 18.40 0.2
SOUTHEAST BANK 37,734 1.10%
SPCERAMICS 17.00 0
SHINEPUKUR CERAMICS 81,356 0.00%
SPCL 142.80 -0.4
SHAHJIBAZAR POWER CO. LTD. 8,506 -0.28%
SQUARETEXT 66.00 -0.3
SQUARE TEXTILES 117 -0.45%
SQURPHARMA 289.90 1.3
SQUARE PHARMA 12,675 0.45%
STANDARINS 21.50 0.2
STANDARD INSURANCE 1,720 0.94%
STANDBANKL 11.30 0
STANDARD BANK 70,321 0.00%
SUMITPOWER 40.80 0.4
SUMMIT POWER 48,697 0.99%
SUNLIFEINS 21.50 -0.1
SUNLIFE INSURANCE COMPANY LIMITED 27 -0.46%
TALLUSPIN 10.70 0.5
TALLU SPINNING 49,470 4.90%
TITASGAS 50.20 -0.2
TITAS GAS 10,575 -0.40%
TOSRIFA 31.20 -0.3
TOSRIFA INDUSTRIES LIMITED 14,194 -0.95%
TRUSTB1MF 7.20 0.1
TRUST BANK FIRST MF 12,719 1.41%
TRUSTBANK 25.70 0.3
TRUST BANK 7,445 1.18%
TUNGHAI 15.10 -0.2
TUNG HAI KNITTING AND DYEING LIMITED 114,575 -1.31%
UCB 21.00 0.2
U.C.B.L. 179,950 0.96%
UNIONCAP 25.40 0.4
UNION CAPITAL 37,673 1.60%
UNIQUEHRL 54.20 1.1
UNIQUE HOTEL & RESORTS LTD. 983 2.07%
UNITEDAIR 6.80 0
UNITED AIRWAYS 489,224 0.00%
UPGDCL 182.00 -0.2
UNITED POWER GENERATION & DISTRIBUTION COMPANY LIMITED 20,535 -0.11%
USMANIAGL 92.00 2
USMANIA GLASS 1,010 2.22%
UTTARABANK 24.40 0.3
UTTARA BANK 9,060 1.24%
UTTARAFIN 58.90 0.9
UTTARA FINANCE 1,036 1.55%
WATACHEM 180.20 11.3
WATA CHEMICALS LIMITED 59 6.69%
WMSHIPYARD 37.30 0.7
WESTERN MARINE SHIPYARD LIMITED 47,373 1.91%
YPL 25.70 0
YEAKIN POLYMER LIMITED 136,121 0.00%
ZAHEENSPIN 25.70 0.1
ZAHEEN SPINNING LIMITED 12,494 0.39%
ZAHINTEX 19.30 0.1
ZAHINTEX INDUSTRIES LIMITED 8,600 0.52%

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.