BIRS
Encyclopedia
The BIRS Index is a share index of the 12 largest companies listed on the Banja Luka Stock Exchange
Banja Luka Stock Exchange
The Banja Luka Stock Exchange or BLSE is a stock exchange which operates in the city of Banja Luka in the Republika Srpska, Bosnia and Herzegovina.-History:...

 (BLSE), established on 1 May 2004. BIRS stands for Berzanski indeks Republike Srpske, which is Serbian
Serbian language
Serbian is a form of Serbo-Croatian, a South Slavic language, spoken by Serbs in Serbia, Bosnia and Herzegovina, Montenegro, Croatia and neighbouring countries....

 for The Stock Exchange Index of Republika Srpska
Republika Srpska
Republika Srpska is one of two main political entities of Bosnia and Herzegovina, the other being the Federation of Bosnia and Herzegovina...

.

The constituents of the index are determined semi-annually, on 15 May and 15 November. Component companies must meet a number of requirements set out by the BLSE. The highest value of the index to 22 September 2006, was on that day, at 2073.24.

Other indices on the Banja Luka Stock Exchange are the FIRS
FIRS
The FIRS Index is a share index of the 13 privatisation-investment funds listed on the Banja Luka Stock Exchange , established on 29 July 2004...

 (an index of 13 privatisation-investment funds) and ERS10
ERS10
The ERS10 Index is a share index of the 10 companies from the power utility sector which are listed on the Banja Luka Stock Exchange , established on 29 December 2005...

 (an index of 10 companies from the power utility sector).

As of 30 August 2006, the largest company by market capitalisation was Telekom Srpske
Telekom Srpske
Telekom Srpske is a telecommunications company based in Banja Luka, Bosnia and Herzegovina. The company is owned by Telekom Srbija, and is the second largest telecommunications company in Bosnia and Herzegovina and the biggest one listed on the Banja Luka Stock Exchange, with the market...

 a.d. Banja Luka
Banja Luka
-History:The name "Banja Luka" was first mentioned in a document dated February 6, 1494, but Banja Luka's history dates back to ancient times. There is a substantial evidence of the Roman presence in the region during the first few centuries A.D., including an old fort "Kastel" in the centre of...

, with the market cap of over BAM
Bosnia and Herzegovina convertible mark
The Bosnia and Herzegovina convertible mark is the currency of Bosnia and Herzegovina. It is divided into 100 fenings...

 1bn (€538m). All of the companies listed on this index include the abbreviation a.d. (akcionarsko drušvo) at the end of their name, indicating their status of a public limited company.

List of BIRS companies

The following table lists the 12 BIRS companies according to their market capitalisation on 22 August 2006. At that date BAM1 was equivalent to USD
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....

0.66.
Rank Company Sector Capitalisation in BAM Capitalisation in Euros
1 Telekom Srpske a.d. Banja Luka telecoms 1,061m 538m
2 Birač a.d. Zvornik
Zvornik
Zvornik is a city on the Drina river in northeastern Bosnia and Herzegovina, located south of the town of Bijeljina in Bosnia and Herzegovina. The town Mali Zvornik lies directly across the river in Serbia, and not far north is Loznica.-History:Zvornik is first mentioned in 1410, although it was...

metals/mining 109m 56m
3 Rafinerija ulja a.d. Modriča
Modrica
Modriča is a city and municipality in Bosnia and Herzegovina, in Republika Srpska entity. It is located near the towns of Šamac, Derventa and Doboj...

 
oil 101m 52m
4 NLB Razvojna banka a.d. Banja Luka financial 95m 49m
5 Nova banka a.d. Bijeljina
Bijeljina
Bijeljina is a city and municipality in northeastern Bosnia and Herzegovina. The city is the second largest in the Republika Srpska entity after Banja Luka and fifth largest city in Bosnia and Herzegovina, and is situated on the flat rich plains of Semberija...

 
financial 60m 31m
6 Banjalučka pivara a.d. Banja Luka brewery 50m 26m
7 Boksit a.d. Milići
Milici
Milići is a small town and a municipality in Republika Srpska, Bosnia and Herzegovina.-1991:total: 16,038* Serbs - 7,931 * Muslims by nationality - 7,805 * "Yugoslavs" - 68 * Croats - 7...

 
metals/mining 25m 13m
8 Tržnica a.d. Banja Luka retail 21m 11m
9 Vitaminka a.d. Banja Luka foods 14m 7m
10 Srpske pošte a.d. Banja Luka post office 12m 6m
11 RK Boska a.d. Banja Luka retail 6m 3m
12 Metal a.d. Gradiška  metal/mining 6m 3m

Performance

See also

  • Banja Luka Stock Exchange
    Banja Luka Stock Exchange
    The Banja Luka Stock Exchange or BLSE is a stock exchange which operates in the city of Banja Luka in the Republika Srpska, Bosnia and Herzegovina.-History:...

  • FIRS index
    FIRS
    The FIRS Index is a share index of the 13 privatisation-investment funds listed on the Banja Luka Stock Exchange , established on 29 July 2004...

  • ERS10 index
    ERS10
    The ERS10 Index is a share index of the 10 companies from the power utility sector which are listed on the Banja Luka Stock Exchange , established on 29 December 2005...

  • Republika Srpska Securities Commission
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