Designed by Standard and Poor's (S&P), the Dhaka Stock Exchange (DSE) is going to introduce a new index based on free float system (market cap of an index's underlying companies is calculated by taking the equity's price and multiplying it by the number of shares available for trading). After so many years, DSE found its existing index flawed! It will be interesting to observe how the new index incorporates the recent stock market debacle and hope, it will reflect in the new index too.
News on the issue.
News on the issue.
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