CSE revises Shariah index

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DHAKA, June 16, 2020 (BSS) – The port city bourse, Chittagong Stock Exchange (CSE) has revised its Shariah index on the basis of performance of the CSE listed companies.

The new index will be effective from June 28, as the CSE Shariah Index is reviewed twice in a year, said a press release today.

The new 15 companies which have been included are: ACI Formulations, ADN Telecom, Bangladesh Steel Re-Rolling Mills, Coppertech Industries, GQ Ball Pen Industries, JMI Syringes and Medical Devices, Khulna Printing and Packaging, Oimex Electrode, Rangpur Foundry, Ring Shine Textiles, Runner Automobiles, S S Steel, Saiham Cotton Mills, Silco Pharmaceuticals and Summit Alliance Port Limited.

On the other hand, nine companies — Dhaka Electric Supply Company, National Tea Company, BDCOM Online, Sinobangla Industries, Square Pharmaceuticals, Bangladesh Submarine Cable Company, R N Spinning Mills, Square Textiles and Shasha Denims — were excluded from the previous list.

A total of 132 listed companies among 331 are now in the list of CSE Shariah Index after the revision.