Elite Members of DSE Exit: Meghna Petroleum, BSRM, Power Grid No Longer Present; Heidelberg, Lovello, Linde Now Part of the Club
The Dhaka Stock Exchange (DSE) has recently undergone some significant changes in its DS30 index, with the removal of Meghna Petroleum, Bangladesh Steel Re-Rolling Mills Limited (BSRM), and Power Grid, and the addition of Heidelberg Materials Bangladesh, Lovello Ice-cream, and Linde Bangladesh.
The DS30 index, a club of the top 30 blue-chip stocks, is designed to present a list of the most stable and attractive stocks for investors. Every six months, the index selects its top 30 "investable" stocks based on specific criteria. These criteria include having at least Tk50 crore in share value held by outsiders, a profit in the past 12 months, and an average daily turnover of shares above Tk50 lakh for the past three months.
The recent changes in the DS30 index are primarily due to the underperformance of Meghna Petroleum, BSRM, and Power Grid over the past three months. On the other hand, Heidelberg Materials Bangladesh, Lovello Ice-cream, and Linde Bangladesh have been included due to their stronger share trading volumes and meeting the criteria for firm profitability and market value. These new additions have surpassed the outgoing companies in terms of business performance and investor preference.
Shafiqur Rahman, spokesperson of the DSE, confirmed that no new companies were listed during the quarterly review period for July 2025. As a result, neither the DSEX nor the DS30 indices have any new additions. The DSEX currently has 326 firms traded under it, and the DS30 index is based on the Dhaka Stock Exchange.
The DSE uses an index methodology developed by S&P Dow Jones Indices in 2013 to select its top 30 stocks. The latest review of the DS30 index will be effective from 20 July. It's worth noting that the DSEX is a separate index from the DS30 index, although both are managed by the Dhaka Stock Exchange.
The overall stock market is showing a positive trend, as evidenced by the DSEX crossing the 5,000 mark and the DS30 index advancing, reflecting growing investor confidence. These changes in the DS30 index, along with the broader positive trend in the stock market, indicate a promising future for the Dhaka Stock Exchange and its investors.
The DS30 index, which presents a list of the most stable and attractive stocks for investors, has been updated to include Heidelberg Materials Bangladesh, Lovello Ice-cream, and Linde Bangladesh, owing to their stronger share trading volumes and firm profitability. On the other hand, the removal of Meghna Petroleum, BSRM, and Power Grid from the index is due to their underperformance in the past three months. These new additions, through their business performance and investor preference, have surpassed the outgoing companies.
