The Chittagong Stock Exchange (CSE) has made revisions to its CSE-50 index, effective November 1, 2023. The updated index includes three new companies: Al-Arafah Islami Bank, Beacon Pharmaceuticals, and Eastern Bank. Simultaneously, three companies, namely Active Fine Chemicals, Eastern Housing, and Orion Infusion, have been removed from the index.
The CSE-50 index, which represents large-cap stocks, undergoes biannual revisions. As of June 30, 2023, the companies within the CSE-50 index held a significant 55.75% share of the total market capitalization and accounted for 59.09% of the free-float market capitalization.
These revisions reflect the evolving performance and composition of the stock market, providing investors with a more current and accurate representation of the top-performing companies on the Chittagong Stock Exchange.