60 DSE companies dropped off FTSE Frontier Index due to poor turnover

Only 2 new entrants, 3 downgraded to small-cap from mid-cap

Global index provider FTSE Russell has recently completed its annual review of the Bangladesh stock market, which led to the exclusion of 60 Dhaka Stock Exchange (DSE) companies from the FTSE Frontier Index Series. 

The primary reason for their exclusion in the September review, which analysed Bangladeshi stocks’ eligibility to be a part of its global composites, was due to the companies shares’ poor liquidity in the bourses.

This development comes shortly after the positive news of FTSE Russell resuming the review of Bangladeshi stocks after a year and a half.

While only two Bangladeshi small-cap companies – Kohinoor Chemical and Khan Brothers PP Woven Bag Industries – successfully entered the updated FTSE stock universe as their market…