Dhaka Stock Exchange (Generally known as DSE) is the main stock exchange of Bangladesh. It is located in Motijheel at the heart of the Dhaka city. It was incorporated in 1954. Dhaka stock exchange is the first stock exchange of the country.

History

It first incorporated as East Pakistan Stock Exchange Association Ltd in 28th April 1954 and started formal trading in 1956. It was renamed as East Pakistan Stock Exchange Ltd in 23rd June 1962. Again renamed as Dacca Stock Exchange Ltd in 13th May 1964. After the liberation war in 1971 the trading was discontinued for five years. In 1976 trading restarted in Bangladesh. In 16th September 1986 DSE All Share Price Index was started. The formula for calculating DSE all share price index was changed according to IFC in 1st November 1993. The automated trading was initiated in 10th August 1998. In 1st January 2001 DSE 20 Index was started. Central Depository System was initiated in 24th January 2004. As of November 15th 2007, the benchmark index of the Dhaka Stock Exchange (DSE) crossed 3000 points for the first time, setting another new high at 3013 points.

Formation

Dhaka Stock Exchange (DSE) is a public limited company. It is formed and managed 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 230 members. Market capitalization of the Dhaka Stock Exchange reached nearly $9 billion in September 2007 and $15 billion a year later.

Management

The management and operation of Dhaka Stock Exchange is entrusted on a 25 members Board of Director. Among them 12 are elected from DSE members, another 12 are selected from different trade bodies and relevant organizations. The CEO is the 25th ex-officio 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)

See also

• Economy of Bangladesh
• List of South Asian stock exchanges

External links

• Dhaka Stock Exchange Official Site
• Dhaka Stock Exchange Live Stock Quote Monitor AJAX based stock quote monitoring system for Dhaka Stock Exchange. Uses internal caching for faster access from outside Bangladesh.
• Article on Dhaka Stock Exchange, Banglapedia
• DSE General Index crosses 3000 points: The Daily Star Business Report, 11/16/2007
• Wise up to stock market- SEC: The Daily Star Business Report, 08/29/2008, http://www.thedailystar.net/story.php?nid=52355