Chittagong Stock Exchange
Encyclopedia
Chittagong Stock Exchange is a stock exchange
Stock exchange
A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...

 located in the port city of Chittagong
Chittagong
Chittagong ) is a city in southeastern Bangladesh and the capital of an eponymous district and division. Built on the banks of the Karnaphuli River, the city is home to Bangladesh's busiest seaport and has a population of over 4.5 million, making it the second largest city in the country.A trading...

 in southeastern Bangladesh
Bangladesh
Bangladesh , officially the People's Republic of Bangladesh is a sovereign state located in South Asia. It is bordered by India on all sides except for a small border with Burma to the far southeast and by the Bay of Bengal to the south...

. It was established in 1995 as the second stock exchange of the country. The exchange is located in the Agrabad
Agrabad
Agrabad is the main commercial area of the city of Chittagong in South-eastern Bangladesh. Most of the business institutions of the city have offices located in Agrabad. Originally, the area was a village, which was incorporated into the city in 1947....

commercial area of the city. It's a very small exchange which trade volume is less than many brokerage houses in Bangladesh.

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.

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2010-11 crash

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.

External links

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