The Dhaka Stock Exchange (DSE) will launch its new millennium index today which will Include top 20 publicly-traded companies listed with the bourse.

The selected companies hold almost 50 per cent of the total market capital said DSE acting Chief Executive Officer Ml Rezaur Rahman

He said that the new index will reflect the actual Index movement as the existing DSE All Share Price Index Includes many other companies which are not even in operation, do

not pav dividend or hold regular AG Ms'

The new Index will Indy reflect the market position.” Rahman said.

The new DSE-20 index has been on a trial basis for the last few weeks A company having a minimum Tk 20 crore capital, holding regular AGMs. declaring al least 10 per cent dividend for the last lew years and shares of which arc actively traded will qualify for the Index.

The Index will not be displayed on brokers’ workstations is the DSE system does not

allow display of two indices simultaneously.

However. if we find the DSE top 20 Index to be more convenient for the brokers, then we may ask the bourse management to show the Index live on trading monitor.’ said a councillor of the bourse.

Under the criteria. Islam! Bank has qualified from the banking sector. Bangladesh Lamps and Singer Bangladesh from the engineering sector. AMCL Pran from the loods sector. British Oxygen Company 1BOC) from the fuel mid jxjwcr sector. Padma Textile from tex-til sector. Bexlmco Him ma-iitlcals. ACI. Bexlmco Info sion. Bexlmco Synthetics and Square Pharmaceuticals from the Pharmaceuticals sector. Eastern Housing from the service and real estate sector. Chittagong Cement. Confidence Cement and Meghna Cement from the cement sector. Pragatl Insurance from the Insurance sector and Bata Shoe. GQ Ball Pen Monno Ceramics and BEXIMCO Ltd from the miscellaneous sector.