Three well-known institutions in the capital market have been removed from the Chittagong Stock Exchange’s CSE-30 index due to long-term poor-quality transactions, while three new companies have earned a place in the index by demonstrating improved performance.
The CSE confirmed in a press release issued on Sunday (7 December) that NRBC Bank PLC, Sena Kalyan Insurance PLC and The Premier Bank PLC have been excluded from the CSE-30 index, whereas National Credit and Commerce Bank PLC, Pioneer Insurance Company Ltd. and Sonali Paper & Board Mills Ltd. have been newly added. The revised index will take effect from 18 December.
According to Tania Begum of CSE’s P&CR department, companies included in the CSE-30 represent approximately 34.41% of total market capitalization and 41.17% of free-float market capitalization of all listed companies. With the updates, the 30 companies now in the index include major institutions such as Bangladesh Shipping Corporation, BSRM, Beximco Pharmaceuticals, BRAC Bank, British American Tobacco Bangladesh, City Bank, Crown Cement, DBH Finance, Eastern Bank, IDLC Finance, Jamuna Oil, Meghna Petroleum, MJL Bangladesh, Olympic Industries, Prime Bank, Square Pharmaceuticals, The ACME Laboratories, Unique Hotel & Resorts, Uttara Bank, Walton Hi-Tech Industries, and others.
