January 3 (SeeNews) - The Sarajevo Stock Exchange (SASE) has replaced four components of its Islamic stock index SASX-BBI, following a regular index review, it said.
The bourse added detonators manufacturer Pobjeda-Rudet, pistol ammunition maker Pobjeda Technology Gorazde, energy company BAGS Energotehnika and water management consultancy services provider Zavod za Vodoprivredu to the index, with effect as of January 4, it said in a statement on Friday.
Event organising company Poslovni Sistem RMK, bus company Centrotrans Eurolines, cargo transport company Centrotrans-Tranzit and retailer Trgovina Borac were dropped from the index.
The SASE BBI Islamic index, launched by the SASE and Bosna Bank International (BBI), is made up of shares of the top 25 companies on the bourse which work in line with the conditions from the Shariah methodology of BBI.
The SASE is one of two bourses operating in Bosnia and Herzegovina. The other one is based in Banja Luka.