Wednesday, Apr 26, 2017 Current Time: 10:06:46 AM (BST) Market Status: Closed

Increase the speed of the ticker
Set the ticker's scrolling direction to right
 
Market Highlights
Market Price
Top 20 Shares
DSEX  
DS30
News
Latest Share Price
By Trade Code
By % Change
By Value
By Volume
By Last Trade Price
By Group
By Alphabetic Order
In Text Mode
DEBT Board
Search Company
 
Enter Company's Trading code

 

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 of Pakistan soon thereafter set up an organizing committee for the formation of a stock exchange in East Pakistan. A decisive step was taken in 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 of the government of East Bengal, commerce, labor and industries department at which various aspects of the issue were discussed in detail. Then the central government’s proposal regarding the opening a branch of Karachi Stock Exchange at Dhaka did not find favor with the meeting who felt that East Pakistan should have an independent stock exchange. It was suggested that Dhaka Narayanganj Chamber of Commerce & Industry should approach its members for purchasing the membership cards at RS.2000 each for the proposed stock exchange. It was thought that the location of the exchange should be either at Dhaka, Narayanganj or at Chittagong. An organizing committee was appointed consisting of leading commercial and industrial personalities of the province with Mr. Mehdi Ispahani as the convener in order to organize the exchange.



The chamber informed its members and members of its affiliated associations of the proceedings of the above meeting, requesting them to intimate whether they were interested in joining the proposed stock exchange. This was followed by a meeting, at the chamber of which about 100 persons were interested in the formation of the exchange on July 7, 1953 (07.07.1953). The meeting invited 8 gentlemen to become promoters of the exchange with Mr. M Mehdi Ispahani as the convener and authorized them to draw up the memorandum and article of association of the exchange and proceed to obtain register under the company’s act 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 RS.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 September 03, 1953 (03.09.1953) when it was decided to appoint Orr Dignam & Co. as the solicitors to draw up the memorandum and articles of association of the stock exchange based on the rules prevailing in the stock exchanges in other countries and by taking into account the local conditions.

The 8 promoters incorporated the formation as the East Pakistan Stock Exchange Association Ltd. on April 28, 1954 (28.04.1954). As public limited company the name was revised to East Pakistan Stock Exchange Ltd on June 23, 1962 (23.06.1962). 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 held on 22.02.1964 the authorized 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 stood at TK.460000 divided 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.

back to top



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.

back to top


 

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 Regulations).
  • Gifting of share / granting approval to the transaction/transfer of share outside the trading system of the exchange (As per Listing Regulations 47).
  • Market Administration & Control.
  • Market Surveillance.
  • Publication of Monthly Review.
  • Monitoring the activities of listed companies (As per Listing Regulations).
  • Investors grievance Cell (Disposal of complaint bye laws 1997).
  • Investors Protection Fund (As per investor protection fund Regulations 1999).
  • Announcement of Price sensitive or other information about listed companies through online.

back to top






STOCK EXCHANGE BUILDING, 9/F MOTIJHEEL C/A, DHAKA BANGLADESH
Phone: 88-02-9564601, 9576210-18, FAX: +88-02-9564727, +88-02-9569755
Email: dse@bol-online.com, Web: http://www.dsebd.org/
 

Home | Download | Data Archives | Career at DSE | FAQ | Sitemap | Links
Disclaimer Copyright Dhaka Stock Exchange 2011 Terms & Conditions
 

Powered By Bangladesh Online a division of Bangladesh Export Import Company Ltd.