Chittagong Stock Exchange

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]

Chittagong Stock Exchange
চট্টগ্রাম স্টক এক্সচেঞ্জ
TypeStock Exchange
LocationChittagong, Bangladesh
Coordinates22.321079°N 91.8111293°E / 22.321079; 91.8111293
Founded12 February 1995
OwnerChittagong Stock Exchange Limited
Key peopleMr. Wali-ul-Maroof Matin ([Managing Director])
CurrencyTaka (৳)
No. of listings250
Market capUS$ 38.1 billion (2020)[1]
IndicesCSE30
CSCX
CASPI
CSI
CSE50
Websitecse.com.bd

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 10:30 am local time.

Market closes at 02:30 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. "Historical Market Summary". CSE. 27 October 2020.
  2. Muhammad Abdul Mazid (2012). "Chittagong Stock Exchange". In Islam, Sirajul; 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. Retrieved 22 January 2021.
  3. "Probe panel finds massive manipulation at Bangla stock market". India Times. 7 April 2011. Retrieved 18 October 2011.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.