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Dhaka Stock Exchange

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Submitted By kuntal123
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Dhaka stock is the main stock exchange on Bangladesh. It is situated in Motijhil, Dhaka. Dhaka stock exchange is the first stock exchange of Bangladesh. As of 18 August 2010, the Dhaka Stock Exchange had over 750 listed companies with a combined market capitalization of $50.28 billion.

Formation:

Dhaka stock exchange is formed under Company act 1994, Security and exchange commission act 1993, Security and Exchange Commission Regulation 1994, and Security Exchange (Inside Trading) regulation 1994. The issued capital of this company is Tk. 500,000 which is divided up to 250 shares each pricing Tk. 2000. No individual or firm can buy more than one share. According to stock market rule only members can participate in the floor and can buy shares for himself or his clients. At present it has 238 members. Market capitalization of the Dhaka Stock Exchange reached nearly $9 billion in September 2007 and $27.4 billion on Dec 9, 2009.

Management

Dhaka Stock Exchange is entrusted on a 25 member’s board of directors. Among them 12 are selected from DSE members, another 12 are selected from different trade bodies and relevant organization. The CEO is the 25th member of the board. The following organizations are currently holding positions in DSE Board:

▪ Bangladesh Bank ▪ ICB ▪ President of Institute of Chartered Accountants of Bangladesh ▪ President of Federation of Bangladesh Chambers of Commerce and Industries ▪ President of Metropolitan Chambers of Commerce and Industries ▪ Professor of Finance Department of Dhaka University ▪ President of DCCI (Dhaka Chamber of Commerce and Industry)

Trading

The Dhaka Stock Exchange is open for trading Sunday through Thursday between 11:00am – 3:00pm BST, with the exception of holidays declared by the Exchange in advance. In the month of Ramadan, the exchange is open for trading between 10:30am -

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