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Chittagong Stock Exchange

Chittagong Stock Exchange
চট্টগ্রাম স্টক এক্সচেঞ্জ
TypeStock Exchange
LocationChittagong, Bangladesh
Coordinates22°19′16″N 91°48′40″E / 22.321079°N 91.8111293°E / 22.321079; 91.8111293
Founded12 February 1995
OwnerChittagong Stock Exchange PLC
Key peopleMr. M. Shaifur Rahman Mazumdar, FCA, FCMA (Managing Director)
CurrencyTaka (৳)
No. of listings250
Market capUS$ 38.1 billion (2020)[1]
IndicesCSE30
CSCX
CASPI
CSI
CSE50
Websitecse.com.bd
Bengali
This article contains Bengali text. Without proper rendering support, you may see question marks, boxes, or other symbols.

The Chittagong Stock Exchange (Bengali: চট্টগ্রাম স্টক এক্সচেঞ্জ) is a stock exchange based in the port city Chittagong, Bangladesh. It is one of the twin financial hubs of the country, alongside the Dhaka Stock Exchange. Established in 1995, the exchange is located in the Agrabad business district in downtown Chittagong.[2] It has a combined market capitalization of over US$ 38 billion as of 2020.[1]

Timeline

  • 1 April 1995, CSE incorporated as a company.
  • 10 October Floor trading started in cry out system.
  • 4 November 1995, formally opened by then former Prime Minister Begum Khaleda Zia.
  • 30 May 2004, Internet based Trading system opened.
  • 8 July 2015, CSE launched new brand logo.

Trading hours

Market opens at 09:30 am local time.

Market closes at 01:50 pm local time.

2010-11 crash

Main article: 2011 Bangladesh share market scam

The bullish market turned bearish during 2010, with the exchange losing 1,800 points between December 2010 and January 2011.[3] Millions of investors have been rendered bankrupt as a result of the market crash. The crash is believed to be caused artificially to benefit a handful of players at the expense of the big players.[3]

See also

References

  1. ^ a b "Historical Market Summary". CSE. 27 October 2020.
  2. ^ Muhammad Abdul Mazid (2012). "Chittagong Stock Exchange". In Sirajul Islam; Miah, Sajahan; Khanam, Mahfuza; Ahmed, Sabbir (eds.). Banglapedia: the National Encyclopedia of Bangladesh (Online ed.). Dhaka, Bangladesh: Banglapedia Trust, Asiatic Society of Bangladesh. ISBN 984-32-0576-6. OCLC 52727562. OL 30677644M. Retrieved 30 November 2024.
  3. ^ a b "Probe panel finds massive manipulation at Bangla stock market". India Times. 7 April 2011. Archived from the original on 21 January 2012. Retrieved 18 October 2011.
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