Market Status: Closed    Mon 22 Jan 18, 8:29 AM (BST)

1JANATAMF 6.40 -0.2
FIRST JANATA BANK MF 11,924 -3.03%
1STPRIMFMF 15.00 -0.1
PRIME FINANCE 1ST MF 1,750 -0.66%
AAMRANET 88.40 -1.6
AAMRA NETWORKS LIMITED 4,145 -1.78%
AAMRATECH 32.50 -0.3
AAMRA TECHNOLOGIES LTD. 1,320 -0.91%
ABBANK 19.50 0
AB BANK 139,585 0.00%
ACI 442.00 -9.1
ACI 1,736 -2.02%
ACIFORMULA 198.50 6.3
ACI FORMULATIONS 5,826 3.28%
ACMELAB 114.20 0.2
THE ACME LABORATORIES LTD. 1,550 0.18%
ACTIVEFINE 34.80 0
ACTIVE FINE CHEMICALS 34,116 0.00%
AFCAGRO 43.10 -1.9
AFC AGRO BIOTECH LIMITED 3,850 -4.22%
AFTABAUTO 62.00 0
AFTAB AUTO. 242 0.00%
AGNISYSL 21.70 0.2
AGNI SYSTEMS 7,528 0.93%
ALARABANK 23.90 -0.1
AL-ARAFAH ISLAMI BANK 5,717 -0.42%
ALLTEX 11.40 -0.3
ALLTEX IND. 9,700 -2.56%
AMANFEED 61.60 -0.4
AMAN FEED LIMITED 120 -0.65%
AMCL(PRAN) 220.00 -1.7
AMCL(PRAN) 123 -0.77%
ANLIMAYARN 32.20 0.4
ANLIMA YARN 3,600 1.26%
ANWARGALV 71.00 -1
ANWAR GALVANIZING 825 -1.39%
APEXFOOT 318.00 -7
APEX ADELCHI FOOTW. 5 -2.15%
APEXSPINN 118.10 -1.9
APEX SPINNING 400 -1.58%
APOLOISPAT 16.20 0
APPOLLO ISPAT COMPLEX LTD 42,183 0.00%
ARAMITCEM 31.20 1.7
ARAMIT CEMENT 12,878 5.76%
ARGONDENIM 30.80 0.2
ARGON DENIMS LIMITED 2,285 0.65%
ASIAINS 22.00 0.3
ASIA INSURANCE 3,009 1.38%
ASIAPACINS 24.70 2.2
ASIA PACIFIC GENERAL INS. 10 9.78%
ATCSLGF 11.40 -0.1
ASIAN TIGER SANDHANI LIFE GROWTH FUND 1,000 -0.87%
AZIZPIPES 156.00 -5.9
AZIZ PIPE 500 -3.64%
BANGAS 228.00 8.7
BANGAS 6,080 3.97%
BANKASIA 22.20 -0.2
BANK ASIA 34,157 -0.89%
BARKAPOWER 35.50 -0.2
BARAKA POWER LIMITED 7,803 -0.56%
BAYLEASING 27.60 0.1
BAY LEASING 3,549 0.36%
BBS 37.80 0.5
BANGLADESH BUILDING SYSTEMS LIMITED 14,394 1.34%
BBSCABLES 105.50 2.6
BBS CABLES LTD. 12,976 2.53%
BDCOM 27.10 0
BDCOM ONLINE 40,228 0.00%
BDFINANCE 22.00 0.6
BD FINANCE 44,059 2.80%
BDTHAI 30.60 0.4
BD. THAI ALLUMINIUM 42,753 1.32%
BDWELDING 26.00 0.5
BD WELDING 20,770 1.96%
BEACHHATCH 18.00 0.1
BEACH HATCHERY 11,935 0.56%
BEACONPHAR 21.80 0.7
BEACON PHARMA 58,768 3.32%
BENGALWTL 37.90 -0.1
BENGAL WINDSOR THERMOPLASTICS LIMITED 30 -0.26%
BEXIMCO 27.10 0.4
BEXIMCO LIMITED 276,412 1.50%
BGIC 20.50 0.2
BANGLADESH GENERAL INS. 2,500 0.99%
BIFC 10.90 0.5
BD INDUSTRIAL FINANCE 1,260 4.81%
BNICL 18.00 0.2
BANGLADESH NATIONAL INSURANCE COMPANY LIMITED 9,560 1.12%
BRACBANK 100.70 -0.5
BRAC BANK 6,699 -0.49%
BSC 45.20 0.7
B.S.C. 14,096 1.57%
BSCCL 104.30 0.1
BANGLADESH SUBMARINE CABLE CO. LTD. 3,575 0.10%
BSRMLTD 100.20 0.8
BANGLADESH STEEL RE-ROLLING MILLS LIMITED 11,554 0.80%
BSRMSTEEL 76.00 -0.5
BSRM STEELS 35,337 -0.65%
BXPHARMA 107.00 3.9
BEXIMCO PHARMA 16,979 3.78%
BXSYNTH 11.20 0.9
BEXIMCO SYNTHETICS 133,307 8.74%
CAPMBDBLMF 8.80 0.4
CAPM BDBL MUTUAL FUND 01 6,100 4.76%
CENTRALPHL 18.90 -0.1
CENTRAL PHARMACEUTICALS LIMITED 14,065 -0.53%
CITYBANK 46.30 1.1
CITY BANK 12,145 2.43%
CITYGENINS 17.70 -0.2
CITY GENERAL INSURANCE 6 -1.12%
CNATEX 8.60 0
C & A TEXTILES LIMITED 34,781 0.00%
CONFIDCEM 161.00 4.1
CONFIDENCE CEMENT 3,340 2.61%
CVOPRL 214.00 -6.1
CVO PETROCHEMICAL 9,701 -2.77%
DACCADYE 9.40 0.4
DACCA DYEING 23,024 4.44%
DAFODILCOM 42.30 -0.7
DAFFODIL COMPUTERS 40 -1.63%
DBH1STMF 9.50 0.2
DBH FIRST MF 1,300 2.15%
DELTALIFE 101.50 -2
DELTA LIFE INSURAN 657 -1.93%
DELTASPINN 9.40 0
DELTA SPINNERS 96,919 0.00%
DESCO 45.80 1.4
DHAKA ELECTRIC SUPPLY 100 3.15%
DESHBANDHU 23.90 0.9
DESHBANDHU POLYMER 177,095 3.91%
DHAKABANK 19.70 -0.2
DHAKA BANK 25,769 -1.01%
DHAKAINS 23.10 -0.6
DHAKA INSURANCE 535 -2.53%
DOREENPWR 118.50 1.2
DOREEN POWER GENERATIONS AND SYSTEMS LIMITED 15,186 1.02%
DSSL 22.30 0
DRAGON SWEATER AND SPINNING LIMITED 86,776 0.00%
EBL 45.20 0
EASTERN BANK 238 0.00%
EBL1STMF 10.00 0
EBL FIRST MF 6,204 0.00%
ECABLES 215.90 13.9
EASTERN CABLES 1,567 6.88%
EHL 50.00 -1
EASTERN HOUSING 1,610 -1.96%
EMERALDOIL 18.80 0.5
EMERALD OIL INDUSTRIES LIMITED 4,093 2.73%
ENVOYTEX 34.30 0.1
ENVOY TEXTILES LIMITED 770 0.29%
ETL 17.30 0.2
EVINCE TEXTILES LIMITED 18,850 1.17%
EXIM1STMF 7.10 0.4
EXIM BANK 1ST MUTUAL FUND 100 5.97%
EXIMBANK 16.30 -0.1
EXPORT IMPORT BANK 77,025 -0.61%
FAMILYTEX 7.60 0.1
FAMILYTEX(BD) LIMITED 154,472 1.33%
FARCHEM 19.00 0
FAR CHEMICAL INDUSTRIES LIMITED 10,804 0.00%
FAREASTFIN 11.10 0
FAREAST FINANCE & INVESTMENT LIMITED 13,586 0.00%
FAREASTLIF 67.00 -0.4
FAREAST ISLAMI LIFE INS. 230 -0.59%
FASFIN 19.80 -0.2
FAS FINANCE & INVESTMENT 21,250 -1.00%
FBFIF 5.60 0
FIRST BD FIXED INCOME FUND 41,590 0.00%
FEDERALINS 12.20 -0.1
FEDERAL INSURANCE 1,357 -0.81%
FEKDIL 19.30 0
FAR EAST KNITTING & DYEING INDUSTRIES LIMITED 42,218 0.00%
FINEFOODS 34.50 -0.1
FINE FOODS 3,565 -0.29%
FIRSTSBANK 14.20 -0.1
FIRST SECURITY ISLAMI BANK 31,766 -0.70%
FORTUNE 37.00 -0.5
FORTUNE SHOES LIMITED 16,184 -1.33%
FUWANGCER 16.30 0
FU-WANG CERAMIC 26,795 0.00%
FUWANGFOOD 19.50 -0.1
FU-WANG FOODS 57,545 -0.51%
GBBPOWER 18.60 -0.1
GBB POWER LIMITED 14,156 -0.53%
GENNEXT 9.40 0
GENERATION NEXT FASHIONS LIMITED 183,429 0.00%
GHAIL 44.00 0.7
GOLDEN HARVEST AGRO INDUSTRIES LIMITED 42,644 1.62%
GHCL 39.70 -0.3
GLOBAL HEAVY CHEMICALS LIMITED 800 -0.75%
GOLDENSON 13.60 0.1
GOLDEN SON 7,410 0.74%
GP 487.80 5
GRAMEENPHONE 13,804 1.04%
GPHISPAT 39.70 -0.1
GPH ISPAT LIMITED 7,312 -0.25%
GREENDELMF 9.20 0
GREEN DELTA MF 2,500 0.00%
GSPFINANCE 29.60 0
GSP FINANCE (BD) LTD 1,095 0.00%
HAKKANIPUL 55.20 0.2
HAKKANI PULP & PAPER 10 0.36%
HEIDELBCEM 412.90 4.5
HEIDELBERG CEMENT 1,250 1.10%
HFL 27.50 0.7
HAMID FABRICS LIMITED 47,449 2.61%
HRTEX 32.30 -0.3
H.R. TEXTILES 2,000 -0.92%
IBBLPBOND 980.00 0
IBBL MUDARABA BOND 10 0.00%
IBNSINA 250.00 8
IBN SINA PHARMA 80 3.31%
ICB 155.00 -2.8
I.C.B. 1,023 -1.77%
ICB2NDNRB 10.10 -0.2
ICB AMCL 2ND NRB MF 500 -1.94%
ICB3RDNRB 6.30 -0.1
ICB AMCL 3RD NRB MF 3,000 -1.56%
ICBAMCL2ND 8.20 -0.2
ICB AMCL SECOND MF 500 -2.38%
ICBEPMF1S1 7.50 0.3
ICB EMPLOYEES PROV MF-1 510 4.17%
IDLC 80.00 0.1
IDLC FINANCE 1,620 0.13%
IFADAUTOS 133.50 3.6
IFAD AUTOS LIMITED 14,700 2.77%
IFIC 17.00 0.2
IFIC BANK 88,952 1.19%
IFIC1STMF 6.10 0
IFIC BANK 1ST MF 9,640 0.00%
IFILISLMF1 7.40 -0.1
IFIL ISLAMIC MF-1 1,000 -1.33%
IMAMBUTTON 43.20 1.4
IMAM BUTTON 6,119 3.35%
INTECH 18.60 0.5
INTECH ONLINE 10,805 2.76%
IPDC 50.60 0.1
INDUSTRIAL PROMOTION 833 0.20%
ISLAMIBANK 34.60 0.4
ISLAMI BANK 25,131 1.17%
ITC 35.10 -0.2
INFORMATION TECHNOLOGY CONSULTANTS LIMITED 605 -0.57%
JAMUNABANK 20.50 0.1
JAMUNA BANK 5,055 0.49%
JAMUNAOIL 192.00 0
JAMUNA OIL 1,113 0.00%
JMISMDL 178.50 -1.2
JMI SYRINGES & MEDICAL DEVICES LTD. 280 -0.67%
KBPPWBIL 17.00 -0.2
KHAN BROTHERS PP WOVEN BAG INDUSTRIES LIMITED 62,405 -1.16%
KDSALTD 67.00 1.8
KDS ACCESSORIES LIMITED 2,431 2.76%
KEYACOSMET 11.50 -0.2
KEYA COSMETICS 655,757 -1.71%
KPCL 57.40 0.1
KHULNA POWER 9,045 0.17%
KPPL 12.40 0.4
KHULNA PRINTING & PACKAGING LIMITED 43,393 3.33%
LAFSURCEML 61.80 0.2
LAFARGE SURMA CEMENT 63,854 0.32%
LANKABAFIN 44.90 -0.1
LANKA BANGLA FINANCE 27,836 -0.22%
LEGACYFOOT 56.80 -0.1
LEGACY FOOTWEAR 15,360 -0.18%
LIBRAINFU 520.00 15
LIBRA INFUSIONS 36 2.97%
MAKSONSPIN 10.40 0.1
MAKSONS SPINNING 23,234 0.97%
MALEKSPIN 19.50 -0.1
MALEK SPINNING 5,715 -0.51%
MATINSPINN 40.40 0.8
MATIN SPINNING MILLS LIMITED 600 2.02%
MEGHNALIFE 56.50 0
MEGHNA LIFE INSURANCE 290 0.00%
MERCANBANK 24.40 0.5
MERCANTILE BANK 17,126 2.09%
MERCINS 22.20 0.2
MERCANTILE INSURANCE 140 0.91%
METROSPIN 12.80 0.2
METRO SPINNING 10,879 1.59%
MHSML 20.10 0
MOZAFFAR HOSSAIN SPINNING MILLS LIMITED 6,843 0.00%
MICEMENT 83.00 0.1
M.I. CEMENT 928 0.12%
MIDASFIN 46.50 1.4
MIDAS FINANCING 100 3.10%
MIRACLEIND 45.90 1.4
MIRACLE INDUSTRIES 10,548 3.15%
MITHUNKNIT 29.90 0.7
MITHUN KNITTING 11,600 2.40%
MJLBD 109.60 1.1
MJL BANGLADESH LIMITED 2,457 1.01%
MONNOCERA 91.50 2.5
MONNO CERAMIC 7,327 2.81%
MPETROLEUM 190.00 -0.7
MEGHNA PETROLEUM 417 -0.37%
MTB 34.00 0.8
MUTUAL TRUST BANK LIMITED 3,140 2.41%
NAHEEACP 60.00 0
NAHEE ALUMINUM COMPOSITE PANEL LTD. 69,417 0.00%
NAVANACNG 65.90 -1.3
NAVANA CNG 245 -1.93%
NBL 13.00 0.4
NATIONAL BANK 1,300,422 3.17%
NCCBANK 17.10 0.1
NATIONAL CREDIT & COM. BNK 92,486 0.59%
NFML 18.00 0.2
NATIONAL FEED MILL LIMITED 37,595 1.12%
NHFIL 45.00 0.4
NATIONAL HOUSING 100 0.90%
NPOLYMAR 86.50 0.6
NATIONAL POLYMER 280 0.70%
NTC 627.00 6.4
NATIONAL TEA 51 1.03%
NURANI 18.10 -0.1
NURANI DYEING & SWEATER LIMITED 10,353 -0.55%
OAL 19.50 0
OLYMPIC ACCESSORIES LIMITED 8,776 0.00%
OIMEX 56.10 -1.9
OIMEX ELECTRODE LIMITED 62,063 -3.28%
OLYMPIC 276.00 1.5
OLYMPIC INDUSTRIES 2,375 0.55%
ONEBANKLTD 21.90 0.1
ONE BANK 30,418 0.46%
ORIONINFU 55.50 0.5
ORION INFUSION 3,500 0.91%
ORIONPHARM 47.70 -0.1
ORION PHARMA LIMITED 1,680 -0.21%
PADMAOIL 236.00 -0.1
PADMA OIL 1,047 -0.04%
PDL 19.50 0.1
PACIFIC DENIMS LIMITED 8,593 0.52%
PENINSULA 22.00 -0.3
THE PENINSULA CHITTAGONG LIMITED 32,968 -1.35%
PEOPLESINS 20.00 0.3
PEOPLES INSURANCE 5,250 1.52%
PHOENIXFIN 37.90 -0.1
PHOENIX FINANCE 39,040 -0.26%
PHPMF1 6.30 -0.1
PHP FIRST MF 11,695 -1.56%
PLFSL 13.90 0.5
PEOPLE'S LEASING 32,265 3.73%
POPULAR1MF 6.00 -0.1
POPULAR LIFE FIRST MF 8,465 -1.64%
POWERGRID 53.20 1.2
POWER GRID 400 2.31%
PRAGATILIF 105.20 3.2
PRAGATI LIFE INSURANCE 1,615 3.14%
PREMIERBAN 14.60 0.1
PREMIER BANK 42,722 0.69%
PREMIERLEA 16.50 0
PREMIER LEASING 204,230 0.00%
PRIME1ICBA 7.10 0
PRIME BANK 1ST ICB AMCL MF 2,600 0.00%
PRIMEBANK 24.00 0
PRIME BANK 1,242 0.00%
PRIMEFIN 11.50 0
PRIME FINANCE 9,100 0.00%
PRIMETEX 25.90 0.4
PRIME TEXTILE 3,200 1.57%
PROVATIINS 18.10 -0.3
PROVATI INSURANCE 10 -1.63%
PTL 46.00 1.1
PARAMOUNT TEXTILE LIMITED 72,093 2.45%
PUBALIBANK 28.20 -0.1
PUBALI BANK 28,911 -0.35%
QSMDRYCELL 76.90 0.5
QUASEM DRYCELLS 500 0.65%
RAHIMAFOOD 155.00 -1
RAHIMA FOOD CORP. 550 -0.64%
RAKCERAMIC 59.00 0.5
R.A.K. CERAMICS 19,037 0.85%
RANFOUNDRY 128.00 -0.2
RANGPUR FOUNDRY 200 -0.16%
RDFOOD 17.10 0
RAGPUR DAIRY & FOOD PRO 12,414 0.00%
REGENTTEX 20.40 0.1
REGENT TEXTILE MILLS LIMITED 3,110 0.49%
RNSPIN 16.50 0
R. N. SPINNING 18,301 0.00%
RSRMSTEEL 59.70 -0.5
RATANPUR STEEL RE-ROLLING MILLS LIMITED 161,850 -0.83%
RUPALIBANK 58.20 -0.2
RUPALI BANK 3,998 -0.34%
SAFKOSPINN 17.50 -0.1
SAFKO SPINING 6,200 -0.57%
SAIFPOWER 31.60 -0.2
SAIF POWERTEC LTD. 178,591 -0.63%
SAIHAMCOT 17.00 0
SAIHAM COTTON MILLS LTD. 1,100 0.00%
SALAMCRST 33.40 -0.1
S ALAM STEELS 1,078 -0.30%
SALVOCHEM 22.00 0
SALVO CHEMICAL 868 0.00%
SANDHANINS 31.90 0.7
SANDHANI LIFE INS. 591 2.24%
SAPORTL 34.70 0
SUMMIT ALLIANCE PORT 7,817 0.00%
SEMLLECMF 7.50 -0.1
SEML LECTURE EQUITY MANAGEMENT FUND 14,000 -1.32%
SHAHJABANK 29.80 -0.8
SHAHJALAL ISLAMI BANK 24,233 -2.61%
SHASHADNIM 61.00 -0.6
SHASHA DENIMS LIMITED 62 -0.97%
SHEPHERD 29.60 -0.7
SHEPHERD INDUSTRIES LIMITED 62,083 -2.31%
SHURWID 17.00 0.4
SHURWID INDUSTRIES LTD. 47,031 2.41%
SIBL 22.70 -0.1
SOCIAL ISLAMI BANK 8,437 -0.44%
SIMTEX 29.40 -0.2
SIMTEX INDUSTRIES LIMITED 336 -0.68%
SINGERBD 192.00 -0.4
SINGER BD 1,989 -0.21%
SINOBANGLA 57.50 -1.2
SINOBANGLA INDUSTRIES 1,000 -2.04%
SONARGAON 19.20 0.9
SONARGAON TEXTILE 12,946 4.92%
SOUTHEASTB 20.70 0.2
SOUTHEAST BANK 71,385 0.98%
SPCERAMICS 21.70 -0.1
SHINEPUKUR CERAMICS 16,798 -0.46%
SPCL 113.00 -1.1
SHAHJIBAZAR POWER CO. LTD. 670 -0.96%
SQUARETEXT 61.70 0
SQUARE TEXTILES 999 0.00%
SQURPHARMA 323.20 0.1
SQUARE PHARMA 22,943 0.03%
STANDARINS 32.00 0.3
STANDARD INSURANCE 620 0.95%
STANDBANKL 14.50 -0.2
STANDARD BANK 19,076 -1.36%
SUMITPOWER 35.70 0.1
SUMMIT POWER 6,466 0.28%
SUNLIFEINS 25.00 0.1
SUNLIFE INSURANCE COMPANY LIMITED 27 0.40%
TALLUSPIN 11.50 0.3
TALLU SPINNING 45,080 2.68%
TITASGAS 44.30 0.4
TITAS GAS 9,800 0.91%
TOSRIFA 24.40 0.3
TOSRIFA INDUSTRIES LIMITED 43,246 1.24%
TRUSTB1MF 6.30 0
TRUST BANK FIRST MF 5,926 0.00%
TRUSTBANK 40.00 0.3
TRUST BANK 1,482 0.76%
TUNGHAI 9.80 0.1
TUNG HAI KNITTING AND DYEING LIMITED 20,300 1.03%
UCB 21.50 -0.1
U.C.B.L. 61,454 -0.46%
UNIQUEHRL 55.60 1.1
UNIQUE HOTEL & RESORTS LTD. 930 2.02%
UNITEDAIR 5.40 -0.1
UNITED AIRWAYS 45,248 -1.82%
UPGDCL 164.50 0.5
UNITED POWER GENERATION & DISTRIBUTION COMPANY LIMITED 1,027 0.30%
USMANIAGL 91.10 0.6
USMANIA GLASS 15 0.66%
UTTARABANK 33.00 0.3
UTTARA BANK 7,807 0.92%
UTTARAFIN 66.70 -2.4
UTTARA FINANCE 387 -3.47%
WMSHIPYARD 31.60 1.5
WESTERN MARINE SHIPYARD LIMITED 119,971 4.98%
YPL 21.50 -0.3
YEAKIN POLYMER LIMITED 11,021 -1.38%
ZAHEENSPIN 21.90 -0.1
ZAHEEN SPINNING LIMITED 300 -0.45%
ZAHINTEX 16.50 0
ZAHINTEX INDUSTRIES LIMITED 15,208 0.00%

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.