British American Tobacco Bangladesh (BAT) and Acme Laboratories Ltd have been included in the Chittagong Stock Exchange (CSE-50) index after the CSE revised the index of selective companies in its biannual performance review.
In a press release, the port-city stock exchange also announced that as part of its regular performance review of listed companies, RAK Ceramics Bangladesh Ltd and Delta Life Insurance Ltd have been excluded from the CSE-50 list.
The new formation of CSE-50 is going to be effective from September 08, 2019.
The CSE-50 stocks comprise 66.2 percent of the total capital of the market of the securities listed at the stock exchange. In terms of free-float market capitalization, the ratio is 64.7 percent, and the CSE-50 stocks account for 47.2 percent of trading at the bourse.
Finally, the benchmark index, constructed for next six months, is going to include Square Pharmaceuticals Limited, Grameenphone Limited, Beximco Pharmaceuticals Limited, Brac Bank Ltd, Islami Bank Bangladesh Limited, Olympic Industries Limited, LafargeHolcim Bangladesh Limited, The City Bank Ltd, Beximco Ltd, National Bank Ltd, Pubali Bank Ltd, United Commercial Bank Ltd, Eastern Bank Limited, Summit Power Ltd, Prime Bank Limited, Titas Gas Transmission And Distribution Company Ltd, Lankabangla Finance Ltd, Idlc Finance Limited, Al-Arafah Islami Bank Ltd, One Bank Limited, Aci Ltd, Mjl Bangladesh Ltd, Southeast Bank Limited, Trust Bank Limited, Export Import Bank Of Bd. Ltd,Padma Oil Company Limited, Jamuna Oil Company Limited, Social Islami Bank Limited, Bsrm Steels Ltd, Mercantile Bank Limited, Uttara Bank Limited, Bank Asia Limited, National Credit & Commerce Bank Ltd, Dhaka Bank Limited, Unique Hotel & Resorts Ltd, Khulna Power Company Ltd, GPH Ispat Ltd,Ific Bank Ltd, Shahjalal Islami Bank Ltd, United Power Generation & Distribution Co. Ltd, Bangladesh Steel Re-Rolling Mills Ltd, Bangladesh Submarine Cable Co. Ltd, Bbs Cables Limited, Ifad Autos Limited, Singer Bangladesh Limited, The Premier Bank Limited, Meghna Petroleum Limited, Jamuna Bank Limited, British American Tobacco Bangladesh Company Ltd, and The Acme Laboratories Ltd.