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Chittagong Stock Exchange


Chittagong Stock Exchange (CSE) the second stock exchange of the country was established on 12 February, 1995. Being a modern stock exchange, after its setting up in Agrabad commercial area of the port city, CSE has infused many new and innovative ideas for the development of share market. A policy-making committee having 18 members including 12 elected from its general members runs CSE. The Security and Exchange Commission selects other six members. The members of the committee elect the President and 3 vice-presidents of CSE. The committee runs the exchange following the Security Act 1920, the Security Ordinance 1969, the Security and Exchange Commission Act 1993, the CSE Automatic Transaction Regulation 1999, the Chittagong Stock Exchange Investors Protection fund Regulation 1999, the Margins Rules 1999, and the Stock Exchange Transaction Resolution Provision 1998. CSE introduced a fully automated transaction programme from June of 1998. At the outset, the number of CSE's scheduled securities was 30 (company-23, mutual found-7), which was raised to 243 (company 225, mutual found-17 and detrnture-1). The amount of paid capital of all the securities enlisted in CSE was 130420 million taka at the end of 2009. Total amount of market capital of CSE's all securities rose to 719933 million taka at the same time. The CSE indexes, CASPI-CSE overall share Index, CSE-30 Index and CSCX Index registered a fall by 12.8%, 23.5% and 14% respectively in 2009 than those of 2008. The main indexes of Chittagong Stock Exchange are given below:

Table The number of enlisted securities, paid up capital, market capital and Price Index (million in taka).

Description 2005 2006 2007 2008 2009
Total number of enlisted securities 210 212 227 238 217
a) Company 195 198 211 221 197
b) Mutual Fund 13 13 14 16 19
c) Debenture 2 1 2 1 1
Paid-up Capital of all enlisted securities 55519 69378 88847 121661 155124
a) Company 54750 68618 84968 115546 147309
b) Mutual Fund 735 735 866 3115 4815
c) Debenture 34 25 3013 3000 3000
Market Capital of all Enlisted securities 219943 270511 612480 807875 1470807
a) Company 218425 268949 603013 789440 1449538
b) Mutual Fund 1426 1481 5175 15684 18290
c) Debenture 92 81 4292 2750 2977
Price Index
CSE overall share Index 3379 3724 7657 8693 13181
CSE-30 Index 3160 3342 6935 7567 10307
Debenture 2348 2433 4921 5681 8560

Source Banking and Financial Institution Division, Ministry of Finance, The Government of Bangladesh, Functions of Bank and Financial Institutions, 2004-05 to 2009-10).

[Muhammad Abdul Mazid]