STOCK EXCHANGE (DSE)
The Dhaka Stock Exchange is registered as a Public Limited Company. It was incorporated in 1954 under the name of East Pakistan Stock Exchange. Activities of the Exchanges was suspended when Bangladesh gained independence. In 1976 trading activities were resumed again with only 9 Listed Companies. As on 30th June, 1999 there were 230 Securities listed on the DSE with a market capitalization of Taka 50,748 million. In the FY 1998-99 Total Issued Capital and Debentures of all Listed Securities with Dhaka Stock Exchange was Taka 28,684 Million which was Taka 30,211 Million in FY 1997-98.
The Dhaka Stock Exchange is a self regulated non-profit making organization It has provisions for 500 Members though at present number of members is 195. Membership is open for the foreigners also. The Exchange has a 24 Members Council, of which 12 are elected from the Members and 12 are nominated as non-Member from different apex body.
As per DSE Article 105B its management is separated from the council. The executive powers of the DSE is vested with the Chief Executive Officer (CEO). The CEO is appointed by the Board with the approval of SEC. The authorized and paid up capital of the DSE are Tk. 10.00 lakh and Tk. 3.90 lakh respectively. At present DSE has 115 staff.
CHITTAGONG STOCK EXCHANGE (CSE)
The Chittagong Stock Exchange (CSE) was registered as a Public Limited Company. As on 30th June 1999 there were 154 securities listed with the CSE and market capitalization of all securities was Taka 40,950 million. In the Chittagong Stock Exchange the total Issued Capital in FY 1998-99 stood at Taka 24,519 Million which was Taka 23,298 Million in the FY 1997-98.
CSE is also self-regulated non-profit making organization with its own regulations. A 24 Members Board of Directors manages its business, out of 24 Directors, 12 are elected by the General Body, and 12 are nominated by SEC. The number of member is 128 and the foreigners can also become the member of the CSE.
The executive powers of the CSE is also vested in a Chief Executive Officer (CEO). The CEO is appointed by the Board with the consent of the SEC. The authorized and paid up capital of CSE are Tk. 150.00 million and Tk. 38.40 million respectively. At present the CSE has 63 staff.