This website uses cookies to ensure you have the best experience. Learn more

History Of Stock Exchanges Of Bangladesh

1279 words - 6 pages

History of Stock Exchanges of Bangladesh

Dhaka Stock Exchange:

The necessity of establishing a stock exchange in the then East Pakistan was first decided by the government when, early in 1952, it was learnt that the Calcutta Stock Exchange had prohibited the transactions in pakistani shares and securities. The provincial industrial advisory council soon thereafter set up an organizing committee for the formation of a stock exchange in East Pakistan. A decisive step was taken the second meeting of the organizing committee held on the 13th march, 1953. In the cabinet room, eden building, under the chairmanship of Mr. A. Khaleeli, secretary government of East Bengal, commerce, labor and ...view middle of the document...

1913. The other 7 promoters of the exchange were Mr. J M Addision-Scott, Mr. Mhodammed Hanif, Mr. A C Jain, Mr. A K Khan, Mr. M Shabbir Ahmed and Mr. Sakhawat Hossin.

It was also decided that membership fee was to be RS.2000 and subscription rate at 15 per month. The exchange was to consist of not more than 150 members. A meeting of the promoters was held at the chamber on 03.09.1953 when it was decided to appoint Orr Dignam & Co., solicitors to draw up the memorandum and articles of association of the stock exchange based on the rules of stock exchange existing in other countries and taking into account local conditions.

The 8 promoters incorporated the formation as the East Pakistan Stock Exchange Association Ltd. on 28.04.1954. As public company, on 23.06.1962 the name was revised to East Pakistan Stock Exchange Ltd. Again on 14.05.1964 the name of East Pakistan Stock Exchange Limited was changed to "Dhaka Stock Exchange Ltd."

At the time of incorporation the authorized capital of the exchange was RS. 300000 divided into 150 shares. Of RS. 2000 each and by an extra ordinary general meeting adopted at the extra ordinary general meeting held on 22.02.1964 the authorised capital of the exchange was increased to TK. 500000 divided into 250 shares of TK. 2000 each. The paid up capital of the exchange now stoods at TK.460000 dividend into 230 shares of TK. 2000 each. However 35 shares out of 230 shares were issued at TK. 80,00,000 only per share of TK. 2000 with a premium of TK. 79,98,000.

Although incorporated in 1954, the formal trading was started in 1956 at Narayanganj after obtaining the certificates of commencement of business. But in 1958 it was shifted to Dhaka and started functioning at the Narayangonj Chamber Building in Motijheel C/A.

On 1.10.1957 the stock exchange purchase a land measuring 8.75 kattah at 9F Motijheel C/A from the government and shifted the stock exchange to its own location in 1959.

DSE at Glance

Incorporated as East Pakistan Stock Exchange Association Ltd.: 28th April 1954
Start of Formal Trading: 1956
Renamed as East Pakistan Stock Exchange Ltd.: 23rd June 1962
Renamed as Dacca Stock Exchange Ltd.: 13th May 1964
Trading Suspended under new State Policy: 16th December 1971
Trading Resumed in Bangladesh: 16 August 1976
Starting Of All Share price Index calculation: 16th September 1986
Share price Indices calculation on basis of IFC Designed formula: 1st November 1993
Starting of Automated trading: 10th August 1998
Starting Of DSE-20 Index calculation: January 2001
Starting Of DSE General Index calculation: 27th November 2001
Start of CDS through CDBL: 24th January 2004
DSE All share price Index (DSI) Re introduced: 28th March 2005

Functions of DSE:

The major functions are:

* Listing of Companies (As per Listing Regulations).
* Providing the screen based automated trading of listed Securities.
* Settlement of trading (As per Settlement of Transaction...

Other Papers Like History of Stock Exchanges of Bangladesh

Customers Satisfaction Of Airtel Bangladesh Essay

1813 words - 8 pages 10-17652-3 2. ISLAM, NABILA 10-17731-3 3. Chapter 1: Introduction 1.1 Introduction of the study: As we know that there are 6 operators in Bangladesh who provide their service in telecommunicating

Socio-Economic Indicators Of Bangladesh Essay

597 words - 3 pages Market (Share Price Index, as on June, 2012) Dhaka Stock Exchange (Base=100) Chittagong Stock Exchange (Base=1000) 1148.9 1612.1 12.6 17.6 5.1 4.5 3544 4278 13640 2877 1097.2 978.0 5171.1 47 4 4 30 9 30 79.10 4572 13736 Sources: Bangladesh Bureau of Statistics, Finance Division, Bangladesh Bank, Ministry of Health and Family Welfare, SEC, Ministry of Primary and Mass Education, Ministry of Communication. xv

Major Industry's Analysis of Bangladesh

723 words - 3 pages adviser’s personal integrity. Price hike & its Impact on the economy: Bangladesh, a net importer of food grains, has been seriously affected by food price shocks, driven by higher international prices and domestic production shortfall following successive natural disasters. Although upward price pressures somewhat eased by early May 2008, the prices of rice and wheat in the domestic market are still 60% higher over the past Year. The food deficit

Ulc Leasing Company Of Bangladesh

4589 words - 19 pages activate the capital market by operating as managers to the issue, underwriters, or portfolio managers. The functions of a lease business include lease financing, short-term financing, house building financing and corporate financing. However, the leasing business in Bangladesh moved away from regular leasing activities and is now involved in stock-market related activities such as issue management, underwriting, private placement, portfolio

Small Scale Industries of Bangladesh

5818 words - 24 pages report | 10 | 2. | Chapter-2: Small scale industries | | 2.1. | Small Scale Industries | 12 | 2.2. | Characteristics of small-scale industries | 13 | 2.3. | Importance of the SSI sector for the Bangladesh economy | 14 | 2.4. | SWOT analysis for the SME sector | 15-16 | 3. | Chapter-3: Case analysis on SSI | | 3.1 | Case-1: Panza biri factory | | 3.1.1. | Profile of Panza biri factory | 18 | 3.1.2. | History of Panza biri

Organization Behavior of Bangladesh Railway

2670 words - 11 pages on Bangladesh Railway [pic] □ Introduction: Roads & Railways Division is one of the important Divisions in the Government under the Ministry of Communication. Ministry of Communication comprises two Divisions, 1. Roads & Railways Division and 2. Bridges Division. Roads & Railways Division shoulders a vast task and plays a vital role in socio-economic development of our country. It governs the Departments/Organizations which are

Determinants Of Trade Balance Of Bangladesh

8001 words - 33 pages results from borrowing to finance long-term investment or reflects growing incomes, confidence, and investment—and doesn't cause reduction of employment—then it's good. But it is of no significance, if the deficit merely affirms consumer choices rather than these facts. Bangladesh, one of the rising economies in South Asia and classified as a Next Eleven emerging market has a long history of sustaining a negative trade balance, importing

Performance of Fiscal Policy of Bangladesh

2824 words - 12 pages Introduction Fiscal policy generally refers to the use of taxation and government expenditure to regulate the aggregate level of economic activity in a country. Fiscal policy in Bangladesh basically comprises activities, which the country carries out to obtain and use resources to provide services while ensuring optimum efficiency of the economic units. The policy influences the behavior of economic forces through public finance. Major

Marketing Mix of Walton Group of Bangladesh

1735 words - 7 pages Marketing mix of Walton Group of Bangladesh Executive Summary: This report was commissioned to analyze and evaluate performance and future prospects of Walton in a growing domestic electronic market.The research reveals that in a continuously growing market, Walton has become a reliable name for customers. Countrywide network, inclination towards quality and dedicated team of employees are the main causes of its success. Though it had started

Loans of the Microfinance Institutions of Bangladesh

779 words - 4 pages Loans of the Microfinance institutions of Bangladesh: Individual assignment on the worked portion of the submitted Term Paper Submitted to: Dr. Sheikh Abu Taher Lecturer Department of Finance & Banking Submitted By: Mohammad Hussain Majumdar (598) BBA, Batch No: 02 Department of Finance & Banking Jahangirnagar University October 2, 2012 Micro finance institutions introduced Microfinance Programs and now with more than 14 million

Impact of Public Holiday on Stock Returns

4200 words - 17 pages CHAPTER 1: INTRODUCTION 1.1 Background Stock markets play a significant role in the wellbeing of an economy; thus efficient stock markets will positively affect the economy in a country. Concept of efficient markets was first coined by Fama(1970), describes an efficient market, as a market with fully available information to all investors, while at the same time stock prices fully reflect all the information available. Consequently, no

Related Essays

Automation Of Bangladesh Essay

3512 words - 15 pages file management for individual employee, central stock inventory and dispensary control. Different types of report such as medicine consumption of individual employee and his family, monthly/yearly medicine consumption in central stock, prescription generation, medical history of each employee are generated using this Software. o Fake Note Monitoring System is used to manage the counterfeiting information of different types of paper note issued by

Banking System Of Bangladesh Essay

581 words - 3 pages Banking system of Bangladesh Central bank: * Bangladesh bank Schedule bank: State-owned commercial banks: State-owned are functioning as nationalist. Here is the list - 1. Sonali Bank Limited 2. Janata Bank Limited 3. Agrani Bank Limited 4. Rupali Bank Limited Private commercial banks(PCB): * Conventional private bank 1. AB Bank Limited 2. Bangladesh Commerce Bank Limited 3. Bank Asia Limited 4. BRAC Bank Limited

Growth Policies Of Bangladesh Essay

1340 words - 6 pages Bangladesh began implementing structural policy reforms to increase the market orientation of its economy in the late 1970s. The authorities adopted significant reforms in agriculture, industry, and trade, and also pursued reforms in the financial and infrastructure sectors. These reforms helped accelerate growth from an annual average of 3 percent in the 1970s to 4 percent in the 1980s and to 5 percent in the 1990s. Sound and sustained

Tax Structure Of Bangladesh Essay

972 words - 4 pages INTRODUCTION: Sadharan Bima Corporation is one of the pioneer organizations of Bangladesh that introduced the information technology in serving their business. It is committed and dedicated to provide the best and prompt service to its clients. Sadharan Bima Corporation (SBC) established on 14 May 1973 under the Insurance Corporation Act 1973. Its authorized capital was Tk 50 million, later raised to Tk 200 million by the Ordinance VIII of