Market Status: Closed    Mon 23 Oct 17, 4:41 AM (BST)

1JANATAMF 6.70 0
FIRST JANATA BANK MF 4,114 0.00%
AAMRANET 117.20 2.6
AAMRA NETWORKS LIMITED 109,603 2.27%
AAMRATECH 34.10 0.2
AAMRA TECHNOLOGIES LTD. 7,510 0.59%
ABB1STMF 6.70 0
AB BANK 1ST MUTUAL FUND 27,339 0.00%
ABBANK 20.00 -0.2
AB BANK 80,482 -0.99%
ACI 614.50 -6.3
ACI 898 -1.01%
ACMELAB 115.00 0.9
THE ACME LABORATORIES LTD. 28,844 0.79%
ACTIVEFINE 44.80 0.4
ACTIVE FINE CHEMICALS 3,674 0.90%
AFCAGRO 55.00 0.8
AFC AGRO BIOTECH LIMITED 3,900 1.48%
AFTABAUTO 66.80 1.8
AFTAB AUTO. 37,063 2.77%
AGNISYSL 23.70 -0.4
AGNI SYSTEMS 3,793 -1.66%
ALARABANK 23.50 -0.2
AL-ARAFAH ISLAMI BANK 27,069 -0.84%
ALLTEX 12.00 0
ALLTEX IND. 3,230 0.00%
AMANFEED 74.00 0.6
AMAN FEED LIMITED 1,107 0.82%
AMCL(PRAN) 225.20 5.2
AMCL(PRAN) 2,539 2.36%
ANLIMAYARN 30.70 -0.1
ANLIMA YARN 10,213 -0.32%
APEXFOODS 137.20 -3.9
APEX FOOD 50 -2.76%
APEXFOOT 321.00 0
APEX ADELCHI FOOTW. 27 0.00%
APEXSPINN 132.00 -7.4
APEX SPINNING 15 -5.31%
APEXTANRY 151.30 -2.7
APEX TANNERY 2,045 -1.75%
APOLOISPAT 18.40 -0.2
APPOLLO ISPAT COMPLEX LTD 21,867 -1.08%
ARAMITCEM 32.60 -2.8
ARAMIT CEMENT 76,544 -7.91%
ARGONDENIM 32.20 -0.5
ARGON DENIMS LIMITED 7,888 -1.53%
ASIAINS 22.10 -0.3
ASIA INSURANCE 170 -1.34%
ASIAPACINS 24.20 0.7
ASIA PACIFIC GENERAL INS. 149 2.98%
ATCSLGF 11.40 0.4
ASIAN TIGER SANDHANI LIFE GROWTH FUND 8,500 3.64%
BANGAS 125.00 1
BANGAS 431 0.81%
BANKASIA 20.20 -0.2
BANK ASIA 21,500 -0.98%
BARKAPOWER 40.50 -0.1
BARAKA POWER LIMITED 17,864 -0.25%
BAYLEASING 26.50 -0.5
BAY LEASING 13,815 -1.85%
BBS 46.00 1.3
BANGLADESH BUILDING SYSTEMS LIMITED 59,858 2.91%
BBSCABLES 142.60 8.4
BBS CABLES LTD. 104,405 6.26%
BDCOM 37.40 -1.9
BDCOM ONLINE 8,055 -4.83%
BDFINANCE 21.40 -0.4
BD FINANCE 115,726 -1.83%
BDLAMPS 180.00 -0.9
BD. LAMPS 450 -0.50%
BDTHAI 23.10 -0.4
BD. THAI ALLUMINIUM 23,225 -1.70%
BDWELDING 17.00 -0.3
BD WELDING 5,661 -1.73%
BEACONPHAR 21.60 0.5
BEACON PHARMA 64,303 2.37%
BENGALWTL 45.50 -0.5
BENGAL WINDSOR THERMOPLASTICS LIMITED 535 -1.09%
BEXIMCO 28.10 -0.1
BEXIMCO LIMITED 140,646 -0.35%
BGIC 22.40 1.4
BANGLADESH GENERAL INS. 335 6.67%
BNICL 19.60 0.3
BANGLADESH NATIONAL INSURANCE COMPANY LIMITED 21,675 1.55%
BRACBANK 96.30 -1.9
BRAC BANK 35,340 -1.93%
BSC 43.70 -0.4
B.S.C. 5,599 -0.91%
BSCCL 111.00 0
BANGLADESH SUBMARINE CABLE CO. LTD. 1,959 0.00%
BSRMLTD 122.70 -0.5
BANGLADESH STEEL RE-ROLLING MILLS LIMITED 4,816 -0.41%
BSRMSTEEL 81.00 -1.4
BSRM STEELS 1,000 -1.70%
BXPHARMA 106.00 -0.7
BEXIMCO PHARMA 8,519 -0.66%
BXSYNTH 8.50 0
BEXIMCO SYNTHETICS 10,319 0.00%
CENTRALPHL 23.30 -0.1
CENTRAL PHARMACEUTICALS LIMITED 9,500 -0.43%
CITYBANK 46.90 0.6
CITY BANK 133,566 1.30%
CITYGENINS 19.40 0
CITY GENERAL INSURANCE 973 0.00%
CNATEX 10.30 -0.1
C & A TEXTILES LIMITED 229,076 -0.96%
CONFIDCEM 153.20 -1.2
CONFIDENCE CEMENT 1,965 -0.78%
CONTININS 22.40 0.2
CONTINENTAL INSURANCE 3 0.90%
CVOPRL 213.20 3.3
CVO PETROCHEMICAL 5,931 1.57%
DACCADYE 8.70 0.1
DACCA DYEING 1,749 1.16%
DAFODILCOM 55.20 -1.2
DAFFODIL COMPUTERS 4,578 -2.13%
DBH 124.00 -1.5
DELTA BRAC HOUSING 400 -1.20%
DBH1STMF 8.80 0.1
DBH FIRST MF 1,500 1.15%
DELTALIFE 110.00 -1
DELTA LIFE INSURAN 100 -0.90%
DELTASPINN 10.70 0.1
DELTA SPINNERS 50,900 0.94%
DESCO 45.50 0.2
DHAKA ELECTRIC SUPPLY 4,360 0.44%
DESHBANDHU 20.50 0.5
DESHBANDHU POLYMER 21,550 2.50%
DHAKABANK 21.80 -0.2
DHAKA BANK 17,165 -0.91%
DOREENPWR 131.50 2.4
DOREEN POWER GENERATIONS AND SYSTEMS LIMITED 8,001 1.86%
DSSL 17.80 -0.2
DRAGON SWEATER AND SPINNING LIMITED 22,500 -1.11%
DUTCHBANGL 170.00 -3.8
DUTCH-BANGLA BANK 1,058,343 -2.19%
EASTLAND 23.70 0.5
EASTLAND INSURANCE 6,000 2.16%
EBL 46.50 -0.1
EASTERN BANK 607 -0.21%
EBL1STMF 9.30 0
EBL FIRST MF 7,017 0.00%
EBLNRBMF 6.50 0.3
EBL NRB MUTUAL FUND 1,500 4.84%
ECABLES 145.90 5.9
EASTERN CABLES 1 4.21%
EHL 46.10 1.3
EASTERN HOUSING 3,050 2.90%
EMERALDOIL 18.30 -0.7
EMERALD OIL INDUSTRIES LIMITED 23,055 -3.68%
ENVOYTEX 36.70 0.2
ENVOY TEXTILES LIMITED 10 0.55%
ETL 17.10 0.1
EVINCE TEXTILES LIMITED 19,392 0.59%
EXIMBANK 17.00 0.1
EXPORT IMPORT BANK 480,086 0.59%
FAMILYTEX 8.20 -0.1
FAMILYTEX(BD) LIMITED 110,569 -1.20%
FARCHEM 22.80 0
FAR CHEMICAL INDUSTRIES LIMITED 12,872 0.00%
FAREASTFIN 12.30 -0.2
FAREAST FINANCE & INVESTMENT LIMITED 56,930 -1.60%
FAREASTLIF 63.60 -0.8
FAREAST ISLAMI LIFE INS. 7 -1.24%
FASFIN 18.80 -0.4
FAS FINANCE & INVESTMENT 26,600 -2.08%
FBFIF 6.30 0
FIRST BD FIXED INCOME FUND 15,367 0.00%
FEDERALINS 12.60 -0.3
FEDERAL INSURANCE 51,045 -2.33%
FEKDIL 23.90 0
FAR EAST KNITTING & DYEING INDUSTRIES LIMITED 5,733 0.00%
FINEFOODS 30.00 -1.6
FINE FOODS 9,840 -5.06%
FIRSTFIN 13.00 -0.7
FIRST FINANCE LIMITED 10,000 -5.11%
FIRSTSBANK 15.40 -0.1
FIRST SECURITY ISLAMI BANK 173,191 -0.65%
FORTUNE 48.50 -1.1
FORTUNE SHOES LIMITED 40,340 -2.22%
FUWANGCER 17.70 -0.3
FU-WANG CERAMIC 45,585 -1.67%
FUWANGFOOD 20.20 0
FU-WANG FOODS 69,579 0.00%
GBBPOWER 20.80 -0.1
GBB POWER LIMITED 12,025 -0.48%
GENNEXT 9.70 0
GENERATION NEXT FASHIONS LIMITED 237,733 0.00%
GHAIL 40.10 -0.6
GOLDEN HARVEST AGRO INDUSTRIES LIMITED 3,904 -1.47%
GHCL 43.20 -0.5
GLOBAL HEAVY CHEMICALS LIMITED 150 -1.14%
GOLDENSON 15.50 0
GOLDEN SON 14,209 0.00%
GP 431.80 9.5
GRAMEENPHONE 3,373 2.25%
GPHISPAT 38.20 -0.5
GPH ISPAT LIMITED 24,630 -1.29%
GQBALLPEN 104.50 5.1
GQ BALL PEN 2,899 5.13%
GRAMEENS2 14.80 0
GRAMEEN MF TWO 1,019 0.00%
GREENDELMF 8.70 -0.1
GREEN DELTA MF 4,000 -1.14%
GSPFINANCE 29.20 0.2
GSP FINANCE (BD) LTD 15 0.69%
HAKKANIPUL 71.30 -2.1
HAKKANI PULP & PAPER 400 -2.86%
HEIDELBCEM 410.00 -1.6
HEIDELBERG CEMENT 150 -0.39%
HFL 23.10 1.2
HAMID FABRICS LIMITED 26,570 5.48%
HRTEX 30.90 -1.8
H.R. TEXTILES 3,000 -5.50%
IBBLPBOND 970.00 0
IBBL MUDARABA BOND 5 0.00%
ICB 190.50 0.5
I.C.B. 2,810 0.26%
ICBEPMF1S1 7.60 -0.1
ICB EMPLOYEES PROV MF-1 1,618 -1.30%
ICBSONALI1 8.10 -0.3
ICB AMCL SONALI BANK LIMITED 1ST MUTUAL FUND 2,000 -3.57%
IDLC 88.00 2.3
IDLC FINANCE 14,060 2.68%
IFADAUTOS 123.00 -2.7
IFAD AUTOS LIMITED 12,078 -2.15%
IFIC 18.00 -0.2
IFIC BANK 351,365 -1.10%
IFIC1STMF 6.50 -0.1
IFIC BANK 1ST MF 9,176 -1.52%
IFILISLMF1 7.90 0
IFIL ISLAMIC MF-1 500 0.00%
ILFSL 23.00 -0.5
INTERNATIONAL LEASING 40,602 -2.13%
IMAMBUTTON 20.90 -1.2
IMAM BUTTON 2,325 -5.43%
INTECH 18.00 -0.4
INTECH ONLINE 21,710 -2.17%
IPDC 43.50 -1
INDUSTRIAL PROMOTION 700 -2.25%
ISLAMIBANK 33.40 -1.9
ISLAMI BANK 288,703 -5.38%
ISLAMICFIN 22.00 -0.8
ISLAMIC FINANCE 3,950 -3.51%
ISNLTD 20.00 -1
INFORMATION SERVL NET. 20 -4.76%
ITC 41.60 0.3
INFORMATION TECHNOLOGY CONSULTANTS LIMITED 3,330 0.73%
JAMUNABANK 22.90 0.3
JAMUNA BANK 99,940 1.33%
JAMUNAOIL 211.10 3
JAMUNA OIL 3,069 1.44%
JANATAINS 14.50 0.3
JANATA INSURANCE 254 2.11%
JMISMDL 195.00 0
JMI SYRINGES & MEDICAL DEVICES LTD. 2,989 0.00%
KAY&QUE 130.30 2.3
KAY & QUE (BD) 1,200 1.80%
KBPPWBIL 18.20 -0.1
KHAN BROTHERS PP WOVEN BAG INDUSTRIES LIMITED 25,823 -0.55%
KDSALTD 69.50 -0.4
KDS ACCESSORIES LIMITED 3,709 -0.57%
KEYACOSMET 13.80 0
KEYA COSMETICS 103,267 0.00%
KPCL 65.00 1
KHULNA POWER 44,043 1.56%
KPPL 10.80 -0.4
KHULNA PRINTING & PACKAGING LIMITED 2,550 -3.57%
LAFSURCEML 61.60 0.3
LAFARGE SURMA CEMENT 81,169 0.49%
LANKABAFIN 65.10 0.1
LANKA BANGLA FINANCE 72,875 0.15%
LEGACYFOOT 47.50 -5.7
LEGACY FOOTWEAR 9,501 -10.71%
LIBRAINFU 586.10 -11.3
LIBRA INFUSIONS 20 -1.89%
MAKSONSPIN 10.70 -0.1
MAKSONS SPINNING 10,667 -0.93%
MALEKSPIN 21.00 0
MALEK SPINNING 2,200 0.00%
MATINSPINN 40.00 -0.4
MATIN SPINNING MILLS LIMITED 2,009 -0.99%
MEGHNACEM 100.20 -4.8
MEGHNA CEMENT 200 -4.57%
MEGHNALIFE 58.00 0.7
MEGHNA LIFE INSURANCE 169 1.22%
MERCANBANK 27.30 0.2
MERCANTILE BANK 58,359 0.74%
MERCINS 25.50 -0.9
MERCANTILE INSURANCE 14,581 -3.41%
METROSPIN 10.50 0
METRO SPINNING 2,625 0.00%
MHSML 24.00 -0.1
MOZAFFAR HOSSAIN SPINNING MILLS LIMITED 10,126 -0.41%
MICEMENT 87.00 0.4
M.I. CEMENT 238 0.46%
MIDASFIN 40.00 2
MIDAS FINANCING 5,800 5.26%
MIRACLEIND 52.20 -1.8
MIRACLE INDUSTRIES 30,925 -3.33%
MITHUNKNIT 32.00 -1.4
MITHUN KNITTING 19,430 -4.19%
MJLBD 120.50 1.4
MJL BANGLADESH LIMITED 27,801 1.18%
MONNOCERA 76.00 -3.5
MONNO CERAMIC 21,848 -4.40%
MPETROLEUM 199.40 1.4
MEGHNA PETROLEUM 2,625 0.71%
MTB 32.20 -1.1
MUTUAL TRUST BANK LIMITED 9,882 -3.30%
NATLIFEINS 160.00 -2
NATIONAL LIFE INS. 762 -1.23%
NAVANACNG 70.20 -0.6
NAVANA CNG 9,949 -0.85%
NBL 13.10 -0.1
NATIONAL BANK 261,295 -0.76%
NCCBANK 16.80 0.2
NATIONAL CREDIT & COM. BNK 633,558 1.20%
NFML 20.90 -0.4
NATIONAL FEED MILL LIMITED 17,517 -1.88%
NHFIL 46.80 0.3
NATIONAL HOUSING 10 0.65%
NPOLYMAR 101.10 1.1
NATIONAL POLYMER 3,025 1.10%
NTC 608.00 6
NATIONAL TEA 123 1.00%
NURANI 19.10 0.1
NURANI DYEING & SWEATER LIMITED 15,260 0.53%
OAL 21.40 0.1
OLYMPIC ACCESSORIES LIMITED 9,850 0.47%
ONEBANKLTD 24.20 -0.1
ONE BANK 30,039 -0.41%
ORIONINFU 59.40 2.2
ORION INFUSION 16,625 3.85%
ORIONPHARM 48.50 0.1
ORION PHARMA LIMITED 21,055 0.21%
PADMALIFE 40.00 0
PADMA ISLAMI LIFE INSURANCE 1,165 0.00%
PADMAOIL 251.00 4.5
PADMA OIL 5,435 1.83%
PARAMOUNT 18.50 -0.4
PARAMOUNT INSURANCE 2,000 -2.12%
PDL 21.50 0.2
PACIFIC DENIMS LIMITED 24,709 0.94%
PENINSULA 23.00 0.1
THE PENINSULA CHITTAGONG LIMITED 11,801 0.44%
PHOENIXFIN 36.60 -0.4
PHOENIX FINANCE 1,900 -1.08%
PHPMF1 6.80 0
PHP FIRST MF 22,913 0.00%
PLFSL 15.00 0.3
PEOPLE'S LEASING 87,691 2.04%
POPULAR1MF 6.50 0
POPULAR LIFE FIRST MF 1,733 0.00%
POWERGRID 54.20 1.5
POWER GRID 15,073 2.85%
PREMIERBAN 15.50 -0.2
PREMIER BANK 68,471 -1.27%
PREMIERLEA 17.30 0
PREMIER LEASING 3,028 0.00%
PRIME1ICBA 7.40 0
PRIME BANK 1ST ICB AMCL MF 500 0.00%
PRIMEBANK 24.10 -0.2
PRIME BANK 14,500 -0.82%
PRIMEFIN 13.00 0.3
PRIME FINANCE 5,600 2.36%
PTL 32.10 -0.3
PARAMOUNT TEXTILE LIMITED 1,000 -0.93%
PUBALIBANK 27.40 -0.4
PUBALI BANK 19,970 -1.44%
QSMDRYCELL 91.40 0.4
QUASEM DRYCELLS 1,085 0.44%
RAHIMAFOOD 179.90 0.6
RAHIMA FOOD CORP. 5,050 0.33%
RAKCERAMIC 56.80 0.1
R.A.K. CERAMICS 10,106 0.18%
RANFOUNDRY 152.20 13.8
RANGPUR FOUNDRY 84,138 9.97%
RDFOOD 16.70 0
RAGPUR DAIRY & FOOD PRO 29,180 0.00%
REGENTTEX 21.00 -0.6
REGENT TEXTILE MILLS LIMITED 4,024 -2.78%
RNSPIN 17.40 -0.2
R. N. SPINNING 117,375 -1.14%
RSRMSTEEL 61.40 0.3
RATANPUR STEEL RE-ROLLING MILLS LIMITED 7,779 0.49%
RUPALIBANK 64.20 -2.6
RUPALI BANK 94,095 -3.89%
RUPALILIFE 35.50 -3.8
RUPALI LIFE INSURANCE 72 -9.67%
SAFKOSPINN 15.00 -0.2
SAFKO SPINING 34,980 -1.32%
SAIFPOWER 44.50 -0.1
SAIF POWERTEC LTD. 47,852 -0.22%
SAIHAMCOT 19.00 -0.3
SAIHAM COTTON MILLS LTD. 24,125 -1.55%
SAIHAMTEX 21.80 0.6
SIAHAM TEXTILE 321 2.83%
SALAMCRST 34.20 -0.6
S ALAM STEELS 17,719 -1.72%
SALVOCHEM 19.50 -0.1
SALVO CHEMICAL 16,644 -0.51%
SAMATALETH 51.90 -0.3
SAMATA LEATHER 1 -0.57%
SANDHANINS 30.50 0
SANDHANI LIFE INS. 1,000 0.00%
SAPORTL 36.30 0.4
SUMMIT ALLIANCE PORT 17,165 1.11%
SHAHJABANK 26.10 -0.1
SHAHJALAL ISLAMI BANK 40,223 -0.38%
SHASHADNIM 69.10 1.6
SHASHA DENIMS LIMITED 7,633 2.37%
SHEPHERD 34.00 0
SHEPHERD INDUSTRIES LIMITED 5,600 0.00%
SHURWID 13.20 -1.4
SHURWID INDUSTRIES LTD. 18,095 -9.59%
SIBL 28.50 0.6
SOCIAL ISLAMI BANK 6,817 2.15%
SINGERBD 182.70 -1.3
SINGER BD 6,392 -0.71%
SINOBANGLA 63.50 -1.5
SINOBANGLA INDUSTRIES 390 -2.31%
SONARBAINS 21.60 0
SONAR BANGLA INSURANCE 19,192 0.00%
SOUTHEASTB 19.80 -0.3
SOUTHEAST BANK 44,723 -1.49%
SPCERAMICS 16.10 -1
SHINEPUKUR CERAMICS 19,805 -5.85%
SPCL 137.70 1.6
SHAHJIBAZAR POWER CO. LTD. 600 1.18%
SQUARETEXT 70.50 -0.1
SQUARE TEXTILES 5,921 -0.14%
SQURPHARMA 300.90 1.1
SQUARE PHARMA 5,549 0.37%
STANCERAM 98.00 -1
STANDARD CERAMIC 2,722 -1.01%
STANDARINS 24.60 -0.8
STANDARD INSURANCE 10 -3.15%
STANDBANKL 14.00 -0.1
STANDARD BANK 50,884 -0.71%
SUMITPOWER 37.50 -0.1
SUMMIT POWER 19,550 -0.27%
SUNLIFEINS 21.60 -0.1
SUNLIFE INSURANCE COMPANY LIMITED 27 -0.46%
TAKAFULINS 25.20 0.9
TAKAFUL ISLAMI INS. 70,908 3.70%
TALLUSPIN 10.50 -0.1
TALLU SPINNING 1,000 -0.94%
TITASGAS 48.00 0.1
TITAS GAS 5,698 0.21%
TOSRIFA 24.50 -0.1
TOSRIFA INDUSTRIES LIMITED 1,254 -0.41%
TRUSTB1MF 6.90 0
TRUST BANK FIRST MF 10,346 0.00%
TRUSTBANK 44.80 -0.3
TRUST BANK 13,350 -0.67%
TUNGHAI 13.50 -0.1
TUNG HAI KNITTING AND DYEING LIMITED 85,271 -0.74%
UCB 23.30 -0.1
U.C.B.L. 36,647 -0.43%
UNIONCAP 18.30 -0.5
UNION CAPITAL 27,044 -2.66%
UNIQUEHRL 51.70 2.1
UNIQUE HOTEL & RESORTS LTD. 23,923 4.23%
UNITEDAIR 5.60 0
UNITED AIRWAYS 99,702 0.00%
UPGDCL 172.00 3
UNITED POWER GENERATION & DISTRIBUTION COMPANY LIMITED 17,042 1.78%
UTTARABANK 38.20 -1.1
UTTARA BANK 112,636 -2.80%
UTTARAFIN 75.60 2.6
UTTARA FINANCE 24,766 3.56%
WATACHEM 206.30 7.3
WATA CHEMICALS LIMITED 3,281 3.67%
WMSHIPYARD 39.00 1.1
WESTERN MARINE SHIPYARD LIMITED 18,362 2.90%
YPL 23.50 -0.1
YEAKIN POLYMER LIMITED 2,760 -0.42%
ZAHEENSPIN 19.50 0.1
ZAHEEN SPINNING LIMITED 7,440 0.52%
ZAHINTEX 16.20 -0.1
ZAHINTEX INDUSTRIES LIMITED 7,950 -0.61%

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.