Wednesday 21 October 2020.Time-
(Dhaka)
ফন্ট ডাউনলোড

DSE to remove faulty index Thursday

Dse logoDhaka, 30 July, Abnews : Dhaka Stock Exchange (DSE) is removing on Thursday its general price index – DGEN by replacing it with DSEX as the benchmark index of the country’s premier bourse. The DGEN was introduced at DSE in 2001 with a base point of 817.62. The DSE authorities last week decided to remove the index, which contains inflated points due to faulty calculation. This drawback was surfaced in November 2009 when GrameenPhone got listed with the stock exchange with a huge number of shares.

Following the revelation, the DSE authorities with technical support from Standards and Poor’s developed another index DSEX, which was launched on January 28 this year besides the DGEN and DS30 indices. The authorities of the bourse also decided to continue displaying of DGEN for few months so people can get time to understand the movement of new DSEX index. Stockbrokers believe that the replacement of old index by new one would help reflect movements of share prices on DSE more accurately.

 

Abn/Tue-01/Share Market/Desk/MR/Mustafiz/Fatama

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