Chittagong Stock Exchange

The Chittagong Stock Exchange (Bengali: চট্টগ্রাম স্টক এক্সচেঞ্জ) is a stock exchange based in the port city of Chittagong, Bangladesh. It is one of the twin financial hubs of the country, alongside the Dhaka Stock Exchange. Established in 1991, the exchange is located in the Agrabad business district in downtown Chittagong. It has a combined market capitalization of US$30 billion as of 2013.

Chittagong Stock Exchange
চট্টগ্রাম স্টক এক্সচেঞ্জ
Chittagong Stock Exchange Limited (01)
TypeStock Exchange
LocationChittagong, Bangladesh
Founded10 October 1995
OwnerChittagong Stock Exchange Limited
Key peopleMr. Wali-ul-Maroof Matin ([Managing Director])
CurrencyTaka
No. of listings250
Market capUS$ 30billion
IndicesCSE30
CSCX
CASPI
CSI
CSE50
Websitewww.cse.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

The bullish market turned bearish during 2010, with the exchange losing 1,800 points between December 2010 and January 2011.[1] 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.[1]

See also

References

  1. ^ a b "Probe panel finds massive manipulation at Bangla stock market". India Times. 7 April 2011. Retrieved 18 October 2011.

External links

Media related to Chittagong Stock Exchange at Wikimedia Commons

BEXIMCO

The Bangladesh Export Import Company Limited, commonly known by its trade name BEXIMCO (DSE: BEXIMCO CSE: BEXIMCO), is a multinational conglomerate holding company headquartered in Dhaka, Bangladesh. It was founded in the 1970s. Beximco is Bangladesh's largest conglomerate, with the largest market capitalisation on the country's stock market. BEXIMCO's subsidiaries export products to 103 countries worldwide. It has retail outlets in South Asia and Eastern Europe.

Beximco operates one of the largest integrated textile production businesses in Asia. It is also a major global exporter of Jute yarn. Its chief manufacturing base is the Beximco Industrial Park in Gazipur, Bangladesh. Beximco Pharma, the group's pharmaceutical producer, was the first Bangladeshi firm to list on the London Stock Exchange.

BSRM Steels Limited

The Bangladesh Steel Re-Rolling Mills, commonly known as BSRM, (DSE:BSRMSTEEL) is a Bangladeshi steel manufacturing company based in Chittagong.

Beacon Pharmaceuticals

Beacon Pharmaceuticals Limited is a Bangladeshi pharmaceutical company that develops generic version of drug and commercializes therapeutics.

Beacon manufactures more than 200 generic drugs and 65 oncology products. In each year, Beacon is introducing more than 15-20 Hi-Tech new products. Beacon is the first company in Bangladesh to start export of cancer drugs. The company is exporting its products in Asia, Africa and Latin America. After meeting the local demand, Beacon is exporting its medicine to many countries of Asia, Africa, Europe & Latin America. Beacon is public limited company listed in Dhaka & Chittagong stock exchange. About 2000 people are working in this company.;Beacon has introduced a number of global first generic.The company's current commercially available products include Velpatasvir/sofosbuvir, Sofosbuvir/Daclatasvir, Osimertinib, Crizotinib, Daclatasvir, Sofosbuvir.

British American Tobacco Bangladesh

British American Tobacco Bangladesh is one of the largest multinational corporations, operated by British American Tobacco in Bangladesh. They are listed on the stock index of the Dhaka Stock Exchange and Chittagong Stock Exchange. It is doing its business over 100 years in this region. It was founded in Bangladesh on 1910. It had established its first depot at Armanitola in Dhaka. After partition in 1947, it was established in 1949. After the independence of Bangladesh from Pakistan, it was renamed as Bangladesh Tobacco Company (BTC) in 1972. But in 1998, it is again renamed as British American Tobacco Bangladesh (BATB). In Bangladesh, British American Tobacco Bangladesh has more than 1,200 people as direct employees and more than 50,000 people as indirect employees (mostly farmers).British American Tobacco Bangladesh's motto is "success and responsibility go together". Shehzad Munim is the current Managing Director of BATB. He is serving as the first ever Bangladeshi MD in the history of BATB.

Dhaka Stock Exchange

The Dhaka Stock Exchange (DSE) (Bengali: ঢাকা স্টক এক্সচেঞ্জ Dhaka stôk ekschenj), located in Motijheel, Dhaka, is one of the two stock exchanges of Bangladesh (the other being the Chittagong Stock Exchange). In 2015, the combined market capitalisation of listed companies on the Dhaka bourse stood at over $40 billion.

Dutch Bangla Bank

Dutch-Bangla Bank Limited (DBBL) is a bank in Bangladesh. DBBL is a scheduled joint venture commercial bank between local Bangladeshi parties by M Sahabuddin Ahmed (Founder & Chairman) and a Dutch company FMO. DBBL was established under the Bank Companies Act 1991 and incorporated as a public limited company under the Companies Act 1994 in Bangladesh with the primary objective to carry on all kinds of banking business in Bangladesh. DBBL commenced formal operation from June 3, 1996. The Bank is listed with the Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited.The bank is often colloquially referred to as "DBBL", "Dutch Bangla" and "Dutch Bangla Bank". (DBB.Limited )

Eastern Bank Ltd (Bangladesh)

Eastern Bank Limited (Bengali: ইস্টার্ন ব্যাংক লিমিটেড) is a private commercial bank headquartered in Dhaka, Bangladesh. It was established in 1992, as a public limited company with limited liability under the bank companies act of 1991. Its share are listed in Dhaka Stock Exchange and Chittagong Stock Exchange. The bank provide products and services in retail banking, corporate finance, asset management, equity brokerage and security. It has 59 branches in Bangladesh and employ around 3000 employees.

Eastern Bank Limited is going to open its first overseas full-fledged branch in Calcutta, India. Presently this bank has subsidiaries only in Hong Kong and Myanmar, and this branch in India will be its first foreign branch outside Bangladesh.

Economy of Chittagong

The economy of Chittagong is one of the largest and most rapidly growing economies in Bangladesh. As of 2014, Chittagong is home of some of Bangladesh's and the world's top corporations. Chittagong is the port-city of Bangladesh and the busiest port in South Asia. Chittagong is the export hub of Bangladesh and it grosses more than $20 billion from export, accounting for 45% of Bangladesh's national export.

In 2014, Chittagong's gross state product was $41.45 billion in nominal terms and $174.06 billion in purchasing power parity, four times as much as Nepal and equivalent to Myanmar. Chittagong's per capita income is $5,719; highest in the country and poverty rate and unemployment rate is lowest; reported 4% and 4.70% in 2014. Chittagong is the largest province of Bangladesh in terms of size and second largest in population. Chittagong has the best standard of living among all Bangladeshi Divisions. As of 2014, annual GNP growth of Chittagong is 6.3%.

Grameenphone

Grameenphone (Bengali: গ্রামীণফোন) (DSE: GP, CSE: GP), widely abbreviated as GP, is the leading telecommunications service provider in Bangladesh, with more than 70 million subscribers and 46.3% subscriber market share (as of January 2019). It is a joint venture between Telenor and Grameen Telecom Corporation. Telenor, a telecommunication company from Norway, owns a 55.8% share of Grameenphone, Grameen Telecom owns 34.2% and the remaining 10% is publicly held.Grameenphone was the first company to introduce GSM technology in Bangladesh, and built the first cellular network to cover 99% of the country.

Islami Bank Bangladesh Ltd

Islami Bank Bangladesh Ltd. (IBBL) (Bengali: ইসলামী ব্যাংক বাংলাদেশ লিমিটেড) is the pioneer of Islamic banking in Bangladesh. It became incorporated on 13 March 1983 as a public limited company under the Companies Act 1913. It has 36.91% local and 63.09% foreign shareholders. Up to Dec 2016, IBBL has 332 branches including 59 AD Branches & 03 Offshore Banking Units as well as has more than 13,500 staffs. In addition to that IBBL maintains its own 497 ATM Booths, 33 IDM (IBBL Deposit Machine) along with 6,000 shared ATM network across the country. IBBL mobilizes around 29% of the country remittance. In 2015, it serves US$3,903.21 million out of US$15,316.75 million of total country remittance. As such, IBBL is the largest private banking network in Bangladesh. When IBBL was established, it was the first bank in south-east asia to provide banking service based on Shariah. The bank is listed with both Dhaka Stock Exchange Ltd. and Chittagong Stock Exchange Ltd.

Jamuna Oil Company

Jamuna Oil Company Ltd (JOCL) (estd. as Pakistan National Oil in 1964; renamed as Bangladesh National Oil in 1972) (DSE:JOCL) is a subsidiary of the Bangladesh Petroleum Corporation that nationally markets octane, petrol, diesel, kerosene, furnace oil, bitumen and lubricants in Bangladesh. In 1975, it was renamed Jamuna Oil Company (JOCL) after the river Jamuna. It is headquartered in Chittagong, Bangladesh.

Mercantile Bank (Bangladesh)

Mercantile Bank Limited is a commercial bank headquartered in Dhaka, Bangladesh.

Padma Oil Company

The Padma Oil Company Limited, formerly Burmah Eastern Limited, is a Bangladesh state owned petroleum company with its head office in Strand Road, Chittagong. It is a descendant of the historic Burmah Oil Company in the British Empire and began operations in Bengal in 1903. In 1965, Burmah Eastern was established in Chittagong jointly by Burmah Oil and East Pakistani investors.Burmah Oil sold the company to the Bangladesh Petroleum Corporation in 1977. It was renamed as the Padma Oil Company in 1988 after the Padma river. Today, the company is one of the largest distributors of petroleum products in Bangladesh, and is listed on the Dhaka Stock Exchange and the Chittagong Stock Exchange.

Premier Bank Limited

Premier Bank Limited (PBL) is a private sector commercial bank in Banani, Dhaka, Bangladesh.

Securities and Exchange Commission (Bangladesh)

The Bangladesh Securities and Exchange Commission (BSEC) is the regulator of the capital market of Bangladesh, comprising Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE). The Commission is a statutory body and attached to the Ministry of Finance.

Shahjalal Islami Bank Limited

Shahjalal Islami Bank Limited (SJIBL) is a sharia compliant private sector commercial bank in Bangladesh.

Square Pharmaceuticals

Square Pharmaceuticals Ltd. is a pharmaceutical company in Bangladesh. It was founded in 1958 by Samson H. Chowdhury along with three of his friends as a private firm. It went public in 1991 and is listed on the Dhaka Stock Exchange and on the Chittagong Stock Exchange (ID of SPL: 13002) Square Pharmaceutical started to export different antibiotics and medicine across the world from 1987. Now it exports its medicine to 36 countries of the world.In 2008 and 2009 it had the highest market share in the pharmaceutical industry of Bangladesh.

Summit Group

Summit Group is one of the largest Bangladeshi conglomerates. The industries under this conglomerate include communication, trading, energy and power, shipping.

United Commercial Bank Ltd

United Commercial Bank Ltd (UCB) is one of the largest private sector commercial bank in Bangladesh.

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