Stock Market Development & Economic Growth in Bangladesh
1. Introduction
Capital markets are the promoter of economic expansion of a country engaged in exchange of capital instruments, like securities, bonds, treasury bills, notes etc to achieve economic goals. In Bangladesh, there are 2 stock exchanges. Dhaka Stock Exchange (Generally known as DSE) is the main stock exchange of Bangladesh. East Pakistan Stock Exchange Ltd was finally named as Dhaka Stock Exchange (DSE) on 14 May 1964. Although incorporated in 1954, formal trading started in 1956. Prior to independence in 1971, the number of listed companies in DSE was 196 with a total paid up capital of BDT. 4 billion. The total number of listed companies is now 297.
The Dhaka Stock Exchange (DSE) is registered as a Public Limited Company and its activities are regulated by its Articles of Association rules & regulations and by-laws along with the Securities and Exchange Ordinance 1969, Companies Act 1994 & Securities & Exchange Commission Act 1993. The major functions of DSE are listing of Companies, providing the screen based automated trading of listed Securities, settlement of trading, gifting of share or granting approval to the transaction or transfer of share outside the trading system of the exchange, market administration & control, market surveillance, publication of monthly review, monitoring the activities of listed companies, Investors Grievance Cell, Investors Protection Fund, announcement of price sensitive or other information about listed companies through online. Ensured that no sponsor or director shares of 'Z' category companies, excluding bank, insurance and financial institutions, are transacted on the stock exchanges or transferred outside the stock exchanges in any other form until further order with a view to facilitating the interest of investors and securities market.
On the other side, Chittagong Stock Exchange (CSE) began its journey in 10th October of 1995 from Chittagong City through the cry-out trading system with the promise to create
Capital markets are the promoter of economic expansion of a country engaged in exchange of capital instruments, like securities, bonds, treasury bills, notes etc to achieve economic goals. In Bangladesh, there are 2 stock exchanges. Dhaka Stock Exchange (Generally known as DSE) is the main stock exchange of Bangladesh. East Pakistan Stock Exchange Ltd was finally named as Dhaka Stock Exchange (DSE) on 14 May 1964. Although incorporated in 1954, formal trading started in 1956. Prior to independence in 1971, the number of listed companies in DSE was 196 with a total paid up capital of BDT. 4 billion. The total number of listed companies is now 297.
The Dhaka Stock Exchange (DSE) is registered as a Public Limited Company and its activities are regulated by its Articles of Association rules & regulations and by-laws along with the Securities and Exchange Ordinance 1969, Companies Act 1994 & Securities & Exchange Commission Act 1993. The major functions of DSE are listing of Companies, providing the screen based automated trading of listed Securities, settlement of trading, gifting of share or granting approval to the transaction or transfer of share outside the trading system of the exchange, market administration & control, market surveillance, publication of monthly review, monitoring the activities of listed companies, Investors Grievance Cell, Investors Protection Fund, announcement of price sensitive or other information about listed companies through online. Ensured that no sponsor or director shares of 'Z' category companies, excluding bank, insurance and financial institutions, are transacted on the stock exchanges or transferred outside the stock exchanges in any other form until further order with a view to facilitating the interest of investors and securities market.
On the other side, Chittagong Stock Exchange (CSE) began its journey in 10th October of 1995 from Chittagong City through the cry-out trading system with the promise to create