Local firms make it to the Dow Index

March 23, 2009 (LBO) – Sri Lanka’s top listed firms, John Keells Holdings, Sri Lanka Telecom and Dialog Telekom, have been included in a new Dow Jones stock market index for the South Asian Region..(more)

The Dow SAFE (South Asian Federation of Exchanges) 100 index measures the performance of the top 100 blue chip firms of five of the eight countries in the er, SAFE. Namely Sri Lanka, Pakistan, Bangladesh, India and Marutius.

Im sure this is a credit and a boon to SL which could definitely use some foreign investment right now. Also, it is a boost to investor confidence in Dialog Telekom, thought by many pundits and my CIM lecturer, to be on the verge of collapse.

The list was revised last week and several new firms were added as 17 Indian and Pakistani companies were removed.

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