this year (1998-99) the most significant development in the history of
capital market in Bangladesh was automation of both the exchanges. CSE
commenced its automated trading in the last month of 1997-98 followed by
DSE in 1998-99. Annual turnover in DSE and CSE during FY 1998-99 was 1900.04
million securities compared to only 181.66 million securities during the
FY 1997-98. The reason for such phenomenal rise in turnover was automation
of both the exchanges.
Dhaka Stock Exchange:
As on 30th June 1999 there were 230 listed securities with Dhaka Stock Exchange. During 1998-99 Financial Year 6 Securities were listed increasing the number of listed Securities to 230 from 224. The listed securities comprise shares of 210 Companies, 9 Mutual Funds and 11 Debentures.
Issued Capital of the 6 Securities listed with DSE during FY 1998-99 was Tk. 706.68 million (US$ 14.57 million). During 1997-98 Financial Year 10 Securities were listed with a total Issued Capital of Tk. 1,191 million (US$ 24.56 million).
As on 30th June 1999 the total number of tradable Securities in DSE was 533.53 million with a total Issued Capital of Tk. 28,684 million (US$ 591.42 million) as against 523.21 million tradable securities with a total Issued Capital of Tk. 30,211 million (US$ 622.91 million) as on 30th June 1998. During FY 1998-99 the number of tradable Securities was increased by 1.97% and total Issued Capital declined by 5.05%.
Total Market Capitalization of all listed Securities in DSE amounted to Tk. 50,748.41 million (US$ 1046.36 million) as on 30th June 1999 compared to Tk. 62,264 million (US$ 1283.79 million) as on 30th June 1998 representing a decline in Market Capitalization of 18.50%. The Market Capitalization declined during the year by Tk. 11,516 million due to -(i) listing of lesser number of new Issues (ii) absence of Rights and Bonus Issues, and (iii) impact of decrease in All Share Price Index .
All Share Price Index of DSE declined from 676.47 (as on 30th June 1998) to 546.79 (as on 30th June 1999.
Chittagong Stock Exchange:
were 154 Securities listed with the CSE constituted by 140 Companies, 9
Mutual Funds and 5 Debentures. The total Issued Capital of the CSE as on
30th June 1999 stood at Taka 24,519 million (US$ 505.51 million).
The CSE All Securities Price Index as on 30th June 1999 was 223.65, which was 294.72 as on 30th June 1998.
(1 US$ = Tk. 48.50)