Market Status: Closed    Mon 23 Apr 18, 9:03 PM (BST)

1JANATAMF 6.20 -0.1
FIRST JANATA BANK MF 3,481 -1.59%
1STPRIMFMF 13.60 -0.3
PRIME FINANCE 1ST MF 14,590 -2.16%
AAMRANET 101.80 -3.4
AAMRA NETWORKS LIMITED 6,145 -3.23%
AAMRATECH 31.00 -0.3
AAMRA TECHNOLOGIES LTD. 17,250 -0.96%
ABB1STMF 6.30 0
AB BANK 1ST MUTUAL FUND 25,000 0.00%
ABBANK 16.00 0
AB BANK 121,975 0.00%
ACI 404.90 4.3
ACI 1,103 1.07%
ACIFORMULA 190.00 4
ACI FORMULATIONS 2,980 2.15%
ACMELAB 103.00 -0.5
THE ACME LABORATORIES LTD. 2,347 -0.48%
ACTIVEFINE 31.90 -0.3
ACTIVE FINE CHEMICALS 15,925 -0.93%
ADVENT 35.70 -2
ADVENT PHARMA LIMITED 203,629 -5.31%
AFCAGRO 38.20 -0.3
AFC AGRO BIOTECH LIMITED 109 -0.78%
AFTABAUTO 58.50 -0.4
AFTAB AUTO. 5,725 -0.68%
AGNISYSL 20.70 -0.5
AGNI SYSTEMS 19,720 -2.36%
AIBL1STIMF 8.00 -0.4
AIBL 1ST ISLAMIC MF 400 -4.76%
AIL 111.10 1.7
ALIF INDUSTRIES LIMITED 9,048 1.55%
ALARABANK 27.60 -0.3
AL-ARAFAH ISLAMI BANK 116,525 -1.08%
ALLTEX 11.30 0
ALLTEX IND. 700 0.00%
AMANFEED 56.80 -1.3
AMAN FEED LIMITED 1,093 -2.24%
AMBEEPHA 455.00 15.5
AMBEE PHARMA 1,917 3.53%
ANLIMAYARN 29.90 -0.3
ANLIMA YARN 3,000 -0.99%
ANWARGALV 78.00 1.5
ANWAR GALVANIZING 16,918 1.96%
APEXFOODS 264.00 11.4
APEX FOOD 50 4.51%
APEXFOOT 315.00 -15.7
APEX ADELCHI FOOTW. 338 -4.75%
APEXSPINN 129.00 3.1
APEX SPINNING 3,250 2.46%
APOLOISPAT 14.30 -0.2
APPOLLO ISPAT COMPLEX LTD 66,620 -1.38%
ARAMIT 344.10 -25.9
ARAMIT 20 -7.00%
ARAMITCEM 25.80 -0.3
ARAMIT CEMENT 200 -1.15%
ARGONDENIM 25.70 -0.7
ARGON DENIMS LIMITED 10,302 -2.65%
ASIAINS 18.50 0.6
ASIA INSURANCE 56 3.35%
ATCSLGF 10.70 0
ASIAN TIGER SANDHANI LIFE GROWTH FUND 509 0.00%
AZIZPIPES 148.10 13.4
AZIZ PIPE 355 9.95%
BANGAS 270.00 0
BANGAS 1 0.00%
BANKASIA 20.40 0.7
BANK ASIA 29,547 3.55%
BARKAPOWER 31.60 -0.3
BARAKA POWER LIMITED 6,841 -0.94%
BAYLEASING 25.00 -0.1
BAY LEASING 6,062 -0.40%
BBS 31.30 -0.7
BANGLADESH BUILDING SYSTEMS LIMITED 11,087 -2.19%
BBSCABLES 80.50 -1
BBS CABLES LTD. 37,259 -1.23%
BDCOM 28.90 -0.6
BDCOM ONLINE 6,571 -2.03%
BDFINANCE 18.80 0.3
BD FINANCE 5,179 1.62%
BDLAMPS 182.10 2
BD. LAMPS 63 1.11%
BDTHAI 24.20 -0.6
BD. THAI ALLUMINIUM 18,579 -2.42%
BDWELDING 20.80 -0.6
BD WELDING 1,526 -2.80%
BEACHHATCH 15.00 -0.3
BEACH HATCHERY 9,685 -1.96%
BEACONPHAR 20.50 0.5
BEACON PHARMA 9,450 2.50%
BENGALWTL 32.70 -0.1
BENGAL WINDSOR THERMOPLASTICS LIMITED 1,200 -0.30%
BEXIMCO 30.60 -0.7
BEXIMCO LIMITED 1,049,270 -2.24%
BIFC 9.00 -0.1
BD INDUSTRIAL FINANCE 4,300 -1.10%
BNICL 16.10 -0.2
BANGLADESH NATIONAL INSURANCE COMPANY LIMITED 2,303 -1.23%
BRACBANK 88.20 -1
BRAC BANK 613,592 -1.12%
BSC 43.00 -0.5
B.S.C. 25,113 -1.15%
BSCCL 92.80 -0.4
BANGLADESH SUBMARINE CABLE CO. LTD. 2,250 -0.43%
BSRMLTD 95.00 0.1
BANGLADESH STEEL RE-ROLLING MILLS LIMITED 263,711 0.11%
BSRMSTEEL 76.00 1.1
BSRM STEELS 11,232 1.47%
BXPHARMA 106.00 -1.5
BEXIMCO PHARMA 14,604 -1.40%
BXSYNTH 11.00 -0.1
BEXIMCO SYNTHETICS 1,000 -0.90%
CAPMIBBLMF 9.90 -0.5
CAPM IBBL ISLAMIC MUTUAL FUND 2,000 -4.81%
CENTRALPHL 16.00 -0.3
CENTRAL PHARMACEUTICALS LIMITED 38,361 -1.84%
CITYBANK 37.60 -0.2
CITY BANK 219,435 -0.53%
CITYGENINS 15.60 0.1
CITY GENERAL INSURANCE 1 0.65%
CNATEX 7.90 0.1
C & A TEXTILES LIMITED 22,958 1.28%
CONFIDCEM 155.00 0.5
CONFIDENCE CEMENT 101 0.32%
CVOPRL 233.00 8.9
CVO PETROCHEMICAL 19,149 3.97%
DACCADYE 9.00 0.3
DACCA DYEING 1,510 3.45%
DAFODILCOM 36.30 -0.7
DAFFODIL COMPUTERS 30 -1.89%
DBH 137.00 0.3
DELTA BRAC HOUSING 2,030 0.22%
DELTALIFE 115.50 -1.5
DELTA LIFE INSURAN 162 -1.28%
DELTASPINN 8.90 0.1
DELTA SPINNERS 33,448 1.14%
DESCO 43.30 0.4
DHAKA ELECTRIC SUPPLY 38,493 0.93%
DESHBANDHU 18.00 0
DESHBANDHU POLYMER 32,756 0.00%
DHAKABANK 16.20 0
DHAKA BANK 13,983 0.00%
DOREENPWR 106.50 -0.7
DOREEN POWER GENERATIONS AND SYSTEMS LIMITED 3,663 -0.65%
DSSL 20.40 -0.2
DRAGON SWEATER AND SPINNING LIMITED 13,050 -0.97%
EASTERNINS 25.60 0.1
EASTERN INS 200 0.39%
EBL 40.40 0.9
EASTERN BANK 3,047 2.28%
ECABLES 215.00 12
EASTERN CABLES 630 5.91%
EHL 46.50 -1.5
EASTERN HOUSING 3,070 -3.13%
EMERALDOIL 14.90 -0.2
EMERALD OIL INDUSTRIES LIMITED 2,750 -1.32%
ENVOYTEX 28.50 -2.9
ENVOY TEXTILES LIMITED 80 -9.24%
ETL 14.50 -0.3
EVINCE TEXTILES LIMITED 5,980 -2.03%
EXIMBANK 14.50 -0.1
EXPORT IMPORT BANK 36,915 -0.68%
FAMILYTEX 6.80 -0.1
FAMILYTEX(BD) LIMITED 145,980 -1.45%
FARCHEM 16.90 -0.2
FAR CHEMICAL INDUSTRIES LIMITED 16,059 -1.17%
FAREASTFIN 8.00 0.1
FAREAST FINANCE & INVESTMENT LIMITED 2,950 1.27%
FAREASTLIF 79.90 2.2
FAREAST ISLAMI LIFE INS. 103 2.83%
FASFIN 12.80 1
FAS FINANCE & INVESTMENT 72,280 8.47%
FBFIF 5.70 0.1
FIRST BD FIXED INCOME FUND 7,540 1.79%
FEDERALINS 10.30 0
FEDERAL INSURANCE 2,000 0.00%
FEKDIL 16.70 -0.1
FAR EAST KNITTING & DYEING INDUSTRIES LIMITED 10,950 -0.60%
FINEFOODS 35.30 1
FINE FOODS 40,045 2.92%
FIRSTSBANK 12.60 -0.3
FIRST SECURITY ISLAMI BANK 49,802 -2.33%
FORTUNE 30.50 -0.4
FORTUNE SHOES LIMITED 43,831 -1.29%
FUWANGCER 15.80 -0.1
FU-WANG CERAMIC 29,143 -0.63%
FUWANGFOOD 18.10 -0.3
FU-WANG FOODS 113,137 -1.63%
GBBPOWER 16.50 0
GBB POWER LIMITED 13,235 0.00%
GENNEXT 8.90 -0.1
GENERATION NEXT FASHIONS LIMITED 253,848 -1.11%
GHAIL 38.10 -0.4
GOLDEN HARVEST AGRO INDUSTRIES LIMITED 9,224 -1.04%
GOLDENSON 11.80 0
GOLDEN SON 1,000 0.00%
GP 482.00 -0.3
GRAMEENPHONE 212,285 -0.06%
GPHISPAT 36.50 0.5
GPH ISPAT LIMITED 9,260 1.39%
GQBALLPEN 78.50 0
GQ BALL PEN 25 0.00%
GRAMEENS2 17.10 -0.1
GRAMEEN MF TWO 1,000 -0.58%
GREENDELMF 9.50 0.1
GREEN DELTA MF 1,000 1.06%
GSPFINANCE 18.70 0
GSP FINANCE (BD) LTD 884 0.00%
HAKKANIPUL 62.00 -2.2
HAKKANI PULP & PAPER 1,151 -3.43%
HEIDELBCEM 394.00 -3
HEIDELBERG CEMENT 139 -0.76%
HFL 26.00 1.2
HAMID FABRICS LIMITED 131 4.84%
HRTEX 33.50 1
H.R. TEXTILES 862 3.08%
IBNSINA 255.00 -0.9
IBN SINA PHARMA 1,890 -0.35%
ICB 136.00 -4
I.C.B. 3,587 -2.86%
ICB3RDNRB 6.10 -0.1
ICB AMCL 3RD NRB MF 10,600 -1.61%
ICBAMCL2ND 8.20 0.2
ICB AMCL SECOND MF 200 2.50%
IFADAUTOS 117.80 -0.5
IFAD AUTOS LIMITED 3,501 -0.42%
IFIC 15.30 0
IFIC BANK 102,739 0.00%
IFIC1STMF 6.10 0
IFIC BANK 1ST MF 39,270 0.00%
IFILISLMF1 7.40 0
IFIL ISLAMIC MF-1 1,500 0.00%
ILFSL 18.00 -0.5
INTERNATIONAL LEASING 3,450 -2.70%
IMAMBUTTON 37.40 0.4
IMAM BUTTON 1,690 1.08%
INTECH 17.80 0.1
INTECH ONLINE 30,649 0.56%
IPDC 34.00 -1.1
INDUSTRIAL PROMOTION 210 -3.13%
ISLAMIBANK 26.30 -0.5
ISLAMI BANK 54,444 -1.87%
ISLAMICFIN 17.20 -0.2
ISLAMIC FINANCE 114 -1.15%
ISNLTD 23.00 0.5
INFORMATION SERVL NET. 35 2.22%
ITC 30.00 -0.1
INFORMATION TECHNOLOGY CONSULTANTS LIMITED 722 -0.33%
JAMUNABANK 20.30 0.3
JAMUNA BANK 5,685 1.50%
JAMUNAOIL 186.20 2.4
JAMUNA OIL 4,086 1.31%
JANATAINS 15.20 -1.5
JANATA INSURANCE 187 -8.98%
JMISMDL 186.00 7.1
JMI SYRINGES & MEDICAL DEVICES LTD. 6,686 3.97%
KAY&QUE 192.00 7
KAY & QUE (BD) 1,145 3.78%
KBPPWBIL 16.40 -0.1
KHAN BROTHERS PP WOVEN BAG INDUSTRIES LIMITED 9,368 -0.61%
KDSALTD 59.60 0.4
KDS ACCESSORIES LIMITED 6,658 0.68%
KEYACOSMET 10.30 -0.1
KEYA COSMETICS 653,641 -0.96%
KPCL 54.90 -0.6
KHULNA POWER 10,474 -1.08%
KPPL 11.40 -0.1
KHULNA PRINTING & PACKAGING LIMITED 2,000 -0.87%
LANKABAFIN 29.00 -0.4
LANKA BANGLA FINANCE 136,963 -1.36%
LEGACYFOOT 56.00 2.2
LEGACY FOOTWEAR 17,565 4.09%
LHBL 62.00 -0.7
53,784 -1.12%
LIBRAINFU 667.20 46.5
LIBRA INFUSIONS 165 7.49%
LRGLOBMF1 7.90 0.2
LR GLOBAL BANGLADESH MF ONE 640 2.60%
MAKSONSPIN 10.00 0.1
MAKSONS SPINNING 196,226 1.01%
MARICO 1,185.10 -4.9
MARICO BANGLADESH 4 -0.41%
MATINSPINN 38.50 0.5
MATIN SPINNING MILLS LIMITED 400 1.32%
MEGHNACEM 97.80 5.1
MEGHNA CEMENT 300 5.50%
MERCANBANK 18.90 -0.4
MERCANTILE BANK 37,322 -2.07%
MERCINS 25.00 0.6
MERCANTILE INSURANCE 30,716 2.46%
METROSPIN 11.40 0.1
METRO SPINNING 23,787 0.88%
MHSML 15.60 0.9
MOZAFFAR HOSSAIN SPINNING MILLS LIMITED 17,100 6.12%
MICEMENT 80.50 0.8
M.I. CEMENT 1,054 1.00%
MIRACLEIND 38.00 -0.7
MIRACLE INDUSTRIES 16,217 -1.81%
MJLBD 102.60 -1.6
MJL BANGLADESH LIMITED 2,291 -1.54%
MONNOCERA 138.90 -1.6
MONNO CERAMIC 9,176 -1.14%
MPETROLEUM 185.20 3
MEGHNA PETROLEUM 1,507 1.65%
MTB 32.00 0.5
MUTUAL TRUST BANK LIMITED 96,625 1.59%
NAHEEACP 47.00 -0.6
NAHEE ALUMINUM COMPOSITE PANEL LTD. 8,886 -1.26%
NAVANACNG 58.50 0.7
NAVANA CNG 100 1.21%
NBL 11.50 -0.2
NATIONAL BANK 361,610 -1.71%
NCCBANK 16.00 -0.3
NATIONAL CREDIT & COM. BNK 47,860 -1.84%
NCCBLMF1 8.20 0
NCCBL MUTUAL FUND-1 1,700 0.00%
NFML 14.90 -0.1
NATIONAL FEED MILL LIMITED 15,945 -0.67%
NPOLYMAR 77.80 -0.7
NATIONAL POLYMER 300 -0.89%
NTC 643.00 11.5
NATIONAL TEA 94 1.82%
NURANI 14.70 -0.5
NURANI DYEING & SWEATER LIMITED 25,549 -3.29%
OAL 15.90 -0.1
OLYMPIC ACCESSORIES LIMITED 35,239 -0.62%
OIMEX 41.30 -0.4
OIMEX ELECTRODE LIMITED 3,263 -0.96%
OLYMPIC 270.00 -0.3
OLYMPIC INDUSTRIES 690 -0.11%
ONEBANKLTD 21.30 0.1
ONE BANK 9,035 0.47%
ORIONINFU 51.70 -1
ORION INFUSION 9,822 -1.90%
ORIONPHARM 44.30 -0.4
ORION PHARMA LIMITED 260 -0.89%
PADMALIFE 43.70 0.7
PADMA ISLAMI LIFE INSURANCE 2,400 1.63%
PADMAOIL 235.00 2.8
PADMA OIL 339 1.21%
PDL 15.20 -0.4
PACIFIC DENIMS LIMITED 14,523 -2.56%
PENINSULA 23.40 -0.6
THE PENINSULA CHITTAGONG LIMITED 45,666 -2.50%
PHPMF1 6.30 0
PHP FIRST MF 666 0.00%
PLFSL 10.50 -0.3
PEOPLE'S LEASING 28,407 -2.78%
POPULAR1MF 6.10 -0.1
POPULAR LIFE FIRST MF 45,714 -1.61%
POWERGRID 48.00 -0.7
POWER GRID 1,960 -1.44%
PREMIERBAN 13.90 -0.1
PREMIER BANK 56,101 -0.71%
PREMIERLEA 15.00 0.5
PREMIER LEASING 2,000 3.45%
PRIME1ICBA 6.80 0
PRIME BANK 1ST ICB AMCL MF 500 0.00%
PRIMEBANK 21.20 0
PRIME BANK 12,100 0.00%
PRIMEFIN 10.20 -0.3
PRIME FINANCE 1,608 -2.86%
PRIMETEX 23.70 0.1
PRIME TEXTILE 200 0.42%
PUBALIBANK 22.90 -0.2
PUBALI BANK 31,246 -0.87%
QUASEMIND 68.30 0.7
3,446 1.04%
QUEENSOUTH 32.50 -1
QUEEN SOUTH TEXTILE MILLS LIMITED 48,906 -2.99%
RAHIMAFOOD 184.00 16.7
RAHIMA FOOD CORP. 15,821 9.98%
RAKCERAMIC 46.00 -0.3
R.A.K. CERAMICS 5,250 -0.65%
RANFOUNDRY 136.00 1.6
RANGPUR FOUNDRY 871 1.19%
RDFOOD 15.20 -0.5
RAGPUR DAIRY & FOOD PRO 20,170 -3.18%
REGENTTEX 16.40 -0.5
REGENT TEXTILE MILLS LIMITED 15,820 -2.96%
REPUBLIC 25.20 -2.8
REPUBLIC INSURANCE 100 -10.00%
RNSPIN 13.10 -0.1
R. N. SPINNING 62,478 -0.76%
RSRMSTEEL 52.90 -1.3
RATANPUR STEEL RE-ROLLING MILLS LIMITED 4,825 -2.40%
RUPALIBANK 47.20 -1.9
RUPALI BANK 5,500 -3.87%
RUPALILIFE 60.00 4.8
RUPALI LIFE INSURANCE 53,962 8.70%
SAFKOSPINN 16.00 0
SAFKO SPINING 19,550 0.00%
SAIFPOWER 26.20 -0.3
SAIF POWERTEC LTD. 109,784 -1.13%
SAIHAMTEX 19.40 -0.6
SIAHAM TEXTILE 2,000 -3.00%
SALAMCRST 30.60 -0.4
S ALAM STEELS 8,002 -1.29%
SALVOCHEM 25.80 0.4
SALVO CHEMICAL 42,504 1.57%
SAMATALETH 62.70 5.7
SAMATA LEATHER 235 10.00%
SANDHANINS 29.60 0.2
SANDHANI LIFE INS. 1,500 0.68%
SAPORTL 29.10 -0.5
SUMMIT ALLIANCE PORT 6,190 -1.69%
SHAHJABANK 26.90 -0.6
SHAHJALAL ISLAMI BANK 11,353 -2.18%
SHASHADNIM 57.00 2
SHASHA DENIMS LIMITED 1,426 3.64%
SHEPHERD 24.90 -0.1
SHEPHERD INDUSTRIES LIMITED 7,500 -0.40%
SHURWID 19.40 0.4
SHURWID INDUSTRIES LTD. 19,825 2.11%
SIBL 19.30 0
SOCIAL ISLAMI BANK 6,748 0.00%
SIMTEX 27.30 0
SIMTEX INDUSTRIES LIMITED 3,912 0.00%
SINGERBD 174.90 -0.3
SINGER BD 1,247 -0.17%
SINOBANGLA 42.50 -1
SINOBANGLA INDUSTRIES 7,965 -2.30%
SONARGAON 20.30 1.8
SONARGAON TEXTILE 205 9.73%
SOUTHEASTB 18.90 0.4
SOUTHEAST BANK 13,036 2.16%
SPCERAMICS 20.00 0
SHINEPUKUR CERAMICS 3,945 0.00%
SPCL 93.00 -0.7
SHAHJIBAZAR POWER CO. LTD. 445 -0.75%
SQUARETEXT 54.80 0.8
SQUARE TEXTILES 1,476 1.48%
SQURPHARMA 312.50 -2
SQUARE PHARMA 12,059 -0.64%
STANCERAM 119.00 0.8
STANDARD CERAMIC 305 0.68%
STANDBANKL 13.30 0.1
STANDARD BANK 18,785 0.76%
SUMITPOWER 37.10 -0.5
SUMMIT POWER 14,465 -1.33%
SUNLIFEINS 24.00 0
SUNLIFE INSURANCE COMPANY LIMITED 500 0.00%
TITASGAS 40.50 -0.1
TITAS GAS 8,500 -0.25%
TOSRIFA 21.10 0.2
TOSRIFA INDUSTRIES LIMITED 914 0.96%
TRUSTB1MF 6.60 0
TRUST BANK FIRST MF 13,059 0.00%
TRUSTBANK 39.00 -0.5
TRUST BANK 47,013 -1.27%
TUNGHAI 8.90 0
TUNG HAI KNITTING AND DYEING LIMITED 14,635 0.00%
UCB 18.40 0.4
U.C.B.L. 105,472 2.22%
UNIONCAP 14.40 -0.1
UNION CAPITAL 9,705 -0.69%
UNIQUEHRL 55.20 -1.7
UNIQUE HOTEL & RESORTS LTD. 28,470 -2.99%
UNITEDAIR 4.60 0
UNITED AIRWAYS 107,784 0.00%
UPGDCL 179.00 -0.7
UNITED POWER GENERATION & DISTRIBUTION COMPANY LIMITED 37,851 -0.39%
USMANIAGL 153.50 5.1
USMANIA GLASS 42,114 3.44%
UTTARABANK 27.60 0.1
UTTARA BANK 23,300 0.36%
UTTARAFIN 65.00 2.1
UTTARA FINANCE 500 3.34%
WATACHEM 332.00 12.3
WATA CHEMICALS LIMITED 1,120 3.85%
WMSHIPYARD 23.30 0
WESTERN MARINE SHIPYARD LIMITED 47,684 0.00%
YPL 18.10 -0.3
YEAKIN POLYMER LIMITED 4,459 -1.63%
ZAHEENSPIN 12.60 0
ZAHEEN SPINNING LIMITED 15,280 0.00%
ZAHINTEX 14.20 -0.1
ZAHINTEX INDUSTRIES LIMITED 1,000 -0.70%

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.