DSE elite club: Meghna Petroleum, BSRM, Power Grid out; Heidelberg, Lovello, Linde in
Three heavyweight companies – Meghna Petroleum, Bangladesh Steel Re-Rolling Mills Limited (BSRM), and Power Grid – have been removed from the Dhaka bourse's elite DS30 index, a club of the top 30 blue-chip stocks, following their underperformance over the past three months.
Conversely, Heidelberg Materials Bangladesh, Lovello Ice-cream, and Linde Bangladesh have gained entry into the prestigious DS30 index of the Dhaka Stock Exchange (DSE). Their inclusion reflects stronger share trading volumes, alongside meeting criteria for firm profitability and market value, allowing them to surpass the outgoing companies.
Analysts attribute these changes to the business performance of the respective companies and investors' current preference for the newly added firms.
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The DSE, based on its index methodology designed and developed in 2013 by S&P Dow Jones Indices, selects its top 30 "investable" stocks every six months. The latest review will be effective from 20 July.
To qualify for the blue-chip list, a firm must have at least Tk50 crore in share value held by outsiders, alongside a profit in the past 12 months.
Additionally, the average daily turnover of its shares must be above Tk50 lakh for the past three months. If no new eligible entrants are found, the average daily stock turnover criteria for the current constituent firms are lowered to Tk30 lakh.
Meanwhile, the DSE's flagship index, DSEX, has not seen any new companies added. Currently, 326 firms are traded under the DSEX.
The DSE requires a company to have at least Tk10 crore value of its free-float shares that are tradable without prior regulatory announcement, Tk10 lakh average daily stock turnover for six months, and stock transactions on at least half of the trading days in the previous three months to enter the DSEX.
Shafiqur Rahman, spokesperson of the DSE, told TBS that there was no listing of new companies either in the main market or in the SME market during the quarterly review period. As such, there would be no addition to the existing constituents list of these indices for July 2025.
