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Sunday, March 22, 2009

BD Companies on Dow Jones SAFE 100 Index

The Dow Jones SAFE 100 Index measures the performance of 100 blue-chip companies in five of the eight member states of the South Asian Federation of Exchanges (SAFE). The five member states included in the index are: India, Bangladesh, Mauritius, Pakistan and Sri Lanka.

The 17 companies that are being added to the Dow Jones SAFE 100 Index are: Uttara Bank Ltd. (Bangladesh, Banks, UTTARABAN.DH), Pubali Bank Ltd. (Bangladesh, Banks, PUBALIBAN.DH), AB Bank Ltd. (Bangladesh, Banks, ABBANK.DH), Hero Honda Motors Ltd. (India, Automobiles & Parts, 500182.BY), National Bank Ltd. (Bangladesh, Banks, NBL.DH), Unilever Pakistan Ltd. (Pakistan, Food & Beverages, ULEVER.KY), Habib Bank Ltd. (Pakistan, Banks, HBL.KA), Tata Power Co. Ltd. (India, Utilities, 500400.BY), Power Grid Co. of Bangladesh Ltd. (Bangladesh, Utilities, POWERGRID.DH), Prime Bank Ltd. (Bangladesh, Banks, PRIMEBANK.DH), Mundra Port & Special Economic Zone Ltd. (India, Industrial Goods & Services, 532921.BY), Nestle India Ltd. (India, Food & Beverages, 500790.BY), Bharat Petroleum Corp. Ltd. (India, Oil & Gas, 500547.BY), Bank of India (India, Banks, 532149.BY), Power Finance Corp. Ltd. (India, Utilities, 532810.BY), NMDC Ltd. (India, Basic Resources, 526371.BY) and Neyveli Lignite Corp. Ltd. (India, Utilities, 513683.BY).

About Dow Jones Indexes

A full-service index provider, Dow Jones Indexes develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best known for the Dow Jones Industrial Average, Dow Jones Indexes also is co-owner of the Dow Jones STOXX indexes, the world's leading pan-European indexes, and together with Wilshire Associates, provides the Dow Jones Wilshire Global Index family, which is anchored by the Dow Jones Wilshire 5000 and covers more than 12,000 securities in 65 markets. Beyond equity indexes, Dow Jones Indexes maintains a number of alternative indexes, including measures of the hedge fund and commodity markets. Dow Jones indexes are maintained according to clear, unbiased and systematic methodologies that are fully integrated within index families.

Dow Jones & Company ( is a News Corporation company (Nasdaq: NWS) (Nasdaq: NWSA) (ASX: NWS) (ASX:NWSLV) ( Dow Jones is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron's, MarketWatch and the Far Eastern Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Dow Jones Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises. Dow Jones owns 50% of SmartMoney and 33% of STOXX Ltd. and provides news content to radio stations in the U.S.


Anonymous said...

I was a little shocked that Square did not make it, nor did Beximco.

AB making it makes the entire thing sound like a joke. AB Bank is the Grameenphone of banks (maybe Grameen Bank of banks), but less successful.

Wasn't Pubali black listed in 2007 by Bangladesh Bank?

Ofcourse it is not the first time that some of these shady banks "managed" to pick up foreign awards.

So to recap, congrats but it is a bit too shady.

Moderator001 said...

Yeah its true. Basis of assessment is under serious question?

Share Your Ideas said...

useful info !!

Olio Artisans said...

Interesting and useful information. However, Prime Bank being picked in this group makes me happy as it is breaking grounds on creating some good product lines for consumers. Beximco and Square Pharmaceuticals not making the list does bring some question.

Looking forward to similar sort of posts in future. :)
Naveed Akbar