DHAKA STOCK EXCHANGE
Salahuddin Ahmed Khan
Chief Executive Officer
The Dhaka Stock
Exchange plans to
enable nationwide
connections through
remote access.
HISTORY AND DEVELOPMENT
• Incorporated as the East Pakistan Stock
Exchange Association Ltd. 28 April 1954
• Formal trading begun 1956 By December 2003, there were 267 securities
listed, including 11 mutual funds and 8
debentures with a total market capitalization of
approximately US$ 1.67 billion.
• Renamed as the East Pakistan Stock
Exchange Ltd. 23 June 1962 During 2003, the DSE embarked on a radical
reform program:
• Renamed as the Dhaka Stock Exchange Ltd.
(DSE) 13 May 1964 • Four new councilors were elected.
• All share price index calculation begun
16 September 1986
• Automated trading begun 10 August 1998
• DSE-20 index calculation initiated
1 January 2001
• Weighted average index calculation as per
SEC directive begun 24 November 2001
• DSE general index calculation started
27 November 2001
• Weighted average index calculation as per
SEC directive dropped 9 December 2003
• The SEC suspended the netting system to
introduce the rolling system in share trading.
• The DSE introduced a 5-digit code and
identified four new sectors.
• An extraordinary general meeting of the DSE
was held on 28 December 2003. The members
present unanimously approved change of
words: council, councilors and chairman with
the words: board of directors, directors and
president.
• Several foreign delegations visited the DSE,
including the US Ambassador on 1 December
2003, the World Bank country director on 21
December 2003, the ADB team in October, and
the Australian High Commissioner on 26
October 2003.
FUTURE OUTLOOK
The DSE’s plans for 2004 are to:
• create a government bond market;
• start an automated clearing and settlement
system in January 2004;
• enhance the existing automated trading
system with an upgraded version;
• enable nationwide connections through
remote access; and
• improve and tighten information disclosure
in the securities market.
FEDERATION OF EURO-ASIAN STOCK EXCHANGES YEARBOOK 2003/2004
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