Chittagong Stock Exchange
|Chittagong Stock Exchange|
|চট্টগ্রাম স্টক এক্সচেঞ্জ|
|Owner||Chittagong Stock Exchange Limited|
|Key people||Mr. Al Maruf Khan [President]|
|No. of listings||250|
|Market cap||US$ 30billion|
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.
- 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.
Market opens at 10:30 am local time.
Market closes at 02:30 pm local time.
The bullish market turned bearish during 2010, with the exchange losing 1,800 points between December 2010 and January 2011. 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.
- "Probe panel finds massive manipulation at Bangla stock market". India Times. 7 April 2011. Retrieved 18 October 2011.
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