# BIRS

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{{short description|Bosnian stock market index}}
{{for|the mathematical sciences research institute in Canada|Banff International Research Station}}
{{for|the British Institute of Recorded Sound|British Library Sound Archive}}

The '''BIRS Index''' is a [share index](/source/share_index) of the 12 largest [companies](/source/companies) listed on the [Banja Luka Stock Exchange](/source/Banja_Luka_Stock_Exchange) (BLSE), established on 1 May 2004.  BIRS stands for ''Berzanski indeks Republike Srpske'', which is [Serbian](/source/Serbian_language) for The Stock Exchange Index of [Republika Srpska](/source/Republika_Srpska), an entity in [Bosnia and Herzegovina](/source/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](/source/FIRS_(index)) (an index of 13 privatisation-investment funds) and [ERS10](/source/ERS10) (an index of 10 companies from the power utility sector).

As of 30 August 2006, the largest company by market capitalisation was [Telekom Srpske](/source/Telekom_Srpske) a.d. [Banja Luka](/source/Banja_Luka), with the market cap of over [BAM](/source/Bosnia_and_Herzegovina_convertible_mark) 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](/source/market_capitalisation) on 22 August 2006. At that date BAM1 was equivalent to [USD](/source/United_States_Dollar)0.66.

{| class="wikitable sortable"
!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](/source/Zvornik)|| metals/mining || 109m || 56m
|-
|3|| Rafinerija ulja a.d. [Modriča](/source/Modri%C4%8Da) || oil || 101m || 52m
|-
|4|| NLB Razvojna banka a.d. Banja Luka   || financial || 95m || 49m
|-
|5|| Nova banka a.d. [Bijeljina](/source/Bijeljina) || financial || 60m || 31m
|-
|6|| Banjalučka pivara a.d. Banja Luka || brewery || 50m || 26m
|-
|7|| Boksit a.d. [Milići](/source/Mili%C4%87i%2C_Republika_Srpska) || 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](/source/Gradi%C5%A1ka%2C_Bosnia_and_Herzegovina) || metal/mining || 6m || 3m
|}

== Performance ==

right|350px|BIRS index movement

== See also ==
* [Republika Srpska Securities Commission](/source/Republika_Srpska_Securities_Commission)

==External links==
* [http://www.blberza.com/ Banja Luka Stock Exchange]
{{BIRS companies}}

Category:Economy of Bosnia and Herzegovina
Category:Economy of Republika Srpska
Category:Economy of Banja Luka
Category:European stock market indices

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Adapted from the Wikipedia article [BIRS](https://en.wikipedia.org/wiki/BIRS) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/BIRS?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.