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Niloy Debnath
Siam Ahmed
Md. Shoriful Islam
Iffat Mahmud
Md. Shikander Hossain
Zenia Akter
Md. Ibne-Al-Jayed Hossain
Md. Saddam Hossain
Md. Rezaul Karim
Babu Marma
Md. Fayez Ahmed
16127
16110
16108
16098
16152
16102
16133
16129
16113
16171
16134
 The necessity of establishing A Stock Exchange In The
Then East Pakistan was first decided by the government
when, it was early in 1952. A decisive step was taken the
second meeting of the organizing committee held on the
13th March, 1953. In the meeting , it was felt that East
Pakistan should have an independent Stock Exchange. It
was suggested that Dhaka Narayangang Chember Of
Commerce & Industry should approach its members for
purchase of membership card at RS. 2000 each for the
proposed Stock Exchange.
 The Dhaka Stock Exchange(DSE) is registered as a Public
Limited Company and its activities are regulated by its
Articles of Association rules & regulations and bye-laws
along with the Securities and Exchange Ordinance 1969,
Companies Act 1994 & Securities & exchange Commission
Act, 1993.
DSE Head Office:
Dhaka Stock Exchange Ltd.
Stock Exchange Building
9/F Motijheel C/ADhaka-1000
DSE Branch Offices:
DSE Chittagong Office
Shafi Bhaban
6, Sheikh Mujib Road
Agrabad Commercial Area
Chittagong-4100
 DSE Sylhet Office
RN Tower
Chowhatta, Sylhet
 DSE Khulna Office
City Trade Center (2nd Floor)
75, K.D.A Avenue,
Khulna - 9100
 DSE Rajshahi Office
Rajshahi Chamber of Commerce & Industry
Chamber Bhaban (1st Floor)
Station Road, Rajshahi -6100
Chief Executive Officer
Satipati Moitra, M.Com, FCMA
PABX : 9564601,7175705-9
Email : satipati@dsebd.org, dse@bol-online.com
Chief Operating Officer
Brig Gen Md Zahurul Alam, ndc, psc (on LPR)
Phone: 9564601,7175703-11, Ext-268
Mobile: 01730700610, 01753747474
Email : bgzahur@dsebd.org, bgzahur@yahoo.com
 Chief Technology Officer
A. S. M. Khairuzzaman
M.Sc. in AP & Electronics, Commonwealth MBA, FBCS
Phone: 9564601,7175703-11, Ext-123
Email : skzaman@dsebd.org, dse@bol-online.com,
kzaman_bd@yahoo.com
 General Manager & Secretary
Shaikh Mohammadullah, MBA (IBA), FCS
Phone: 9564601,7175705-9, Ext-102
Email : smullah@dsebd.org, dse@bol-online.com
 General Manager (Finance & Accounts)
Jiban Chandra Das, FCA
Phone: 9564601,7175705-9, Ext-152
Mobile: 01730336965
Email : jiban@dsebd.org, dse@bol-online.com
Major Functions of DSE
The major functions are:
-Listing of Companies.(As per Listing Regulations).
- Providing the screen based automated trading of listed Securities.
- Settlement of trading.(As per Settlement of Transaction Regulations)
- Granting approval to the transaction(As per Listing Regulations 42)
- Market Administration & Control.
- Market Surveillance.
- Publication of Monthly Review.
- Monitoring the activities of listed companies. (As per Listing
Regulations).
- Investors grievance Cell (Disposal of complaint bye laws 1997).
- Investors Protection Fund (As per investor protection fund
Regulations 1999)
- Announcement of Price sensitive or other information about listed
companies through online.
 In exercise of the powers by section 34(1) of the Securities and
Exchange Ordinance, 1969
 (Ordinance No. XVII of 1969), the Dhaka Stock Exchange Limited
makes, with the approval of the
 Securities and Exchange Commission, the following regulations,
namely:
1. Short title. - These regulations may be called the Dhaka Stock
Exchange (Member’s Margin)Regulations, 2000.
2. Definitions. - (1) In these regulations, unless the context
otherwise requires,(a) “Additional trade exposure” means the amount of the
aggregate (gross) trade exposure exceeding the free limit for each
member;
(b) “Aggregate (gross) trade exposure” means total buys and
total sales position of a member at any point of time during a trading
day;
3. Free limit.- The free limit shall be taka five crore only." per
trading day.
4. Member’s margin.(1) Every member shall, in addition to the security deposit,
deposit with the clearing house, free of interest,
(2) Transaction for direct settlement between members
shall be excluded from calculation of the aggregate (gross) trade
exposure.
(3) Every member shall deposit the member’s margin with
the clearinghouse on the additional trade exposure at some definite
rates.
5. Instruments for member’s margin.(a) Government securities;
(b) Fixed Deposit Receipt issued by any scheduled bank;
(c) Securities listed with the Exchange
(d) Cash etc.
6. Maintenance of books and records. –
(1) The clearing house and every member shall maintain
proper books and records
(2) The books and records maintained shall always be kept
updated and ready for inspection by the Exchange or by the
Commission.
7. Power to grant exemption - The Commission may
exempt any order or trade of any member.
8. Power to add, delete or modify: Commission may direct
the stock exchange to add, delete or modify any provision of the
said regulations.
Beneficiary Owner(BO) account opening
procedure
Opening a Beneficiary Owner (BO) account, one has to complete
the following steps (if you already have a bank account, otherwise first
open an account at a bank) 1. Select a suitable Stockbroker/Brokerage House with whom you
would do your business. Make sure that the Stockbroker you are
selecting is a registered member of DSE and CSE.
2. Collect a BO account opening form from the respective Brokerage
House and fill it up. You will need the following documents i) Bank CERTIFICATE / National ID Card (or both, depends on the
brokerage house)
ii) Three Copies of Passport Sized Photos
3. After filling the form out, pay the brokerage house the account
opening fee (it ranges from Tk. 600 – Tk. 1000, depends on the
brokerage house).
4. Submit it to them and wait for your account to be opened (from 3
days – 1 month, depends on the brokerage house).
How to start BO Account For NRB
1)Open a BO Account and a Trading Account as an NRB with
any brokerage house
2)Assign a Nominee/Power of Attorney (POA) – optional
3)A nominee for inheritance/transmission, in case something
happens to investor, is required to be assigned. Remember that
this nominee and the POA may or may not be the same person.
4)Start
TESA conducts trading in-4-phases.
Enquiry: In this session Brokers can logon to the system. No
order will be submitted in this session. No trade will be
executed.
Opening: The Opening is a pure, single-price auction. All
buy and all sell orders are compared and calculate the openadjust price.
Continuous Trading: During this phase, participants enter
orders and immediate execution or for inclusion in the book.
Enquiry: Closing prices are calculated and disseminated to
market participant. Market will be closed in this session &
other facilities like the previous enquiry session.
List of Holidays:
DSE will observe the following Holidays during the Calendar
year January to December 2011 :
Events
 Eid -e -Miladun Nobi (*)
 Shaheed Day
 Birthday of father of the Nation
 Independence and National Day
 Bengali New Year
 May Day
 Budha Purnima (*)
 Exchange Holiday
 Shab -e -Barat (*)
Date
16 February, Wednesday
21 February, Monday
17 March, Thursday
26 March, Saturday
14 April, Thursday
01 May, Sunday
17 May, Tuesday
01 July, Friday
17 July, Sunday
 National Mourning Day
 Janamashtami
 Jumat -ul -Bida (*)
 Shab -e -Qadr (*)
 Eid -ul -Fitr (*)

 Durga Puja
 Eid -ul -Azha (*)

 Muharram (*)
 Victory Day
 Christmas Day
 Exchange Holiday
* Subject to Appearance of the Moon.
15August,Monday
22 August, Monday
26 August, Friday
28 August, Sunday
31August-02 September,
Wednesday - Friday
06 October, Thursday
06 - 08 November,
Sunday-Tuesday
06 December, Tuesday
16 December, Friday
25 December, Sunday
31 December, Saturday
Rules & Regulation of Listing in DSE
Capital Markets And Securities Act [PRINCIPAL
LEGISLATION]Act No.5 of 1994
Capital Markets and Securities (Foreign Companies
Public Offers Eligibility and Cross Listing
Requirements) Regulations, 2003 [as amended in 2005]
Capital market and securities (foreign investors)
regulation 2003.
Capital market and securities (capitalization and right
issue) regulation 2000.
Capital Markets and Securities (Advertisements)
Regulations, 1997
Capital Markets and Securities (Accounting and Financial
Requirements) Regulations, 1997
Capital Markets and Securities (Prospectus Requirements)
Regulations, 1997
Capital Markets and Securities (Licencing) Regulations,
1996
Capital Markets and Securities (Establishment of Stock
Exchange) Regulations, 1996
Capital market and securities(conflict of
interest)guideline 2002
Guideline for the issue of corporate bonds and commercial
paper 1999
The unlisted companies are required to complete certain
procedures to get listing at DSE ( Exchange). The present
process/way of listing, in short, may describe as follows:
 Every company intending to enlist its securities to DSE by
issuing its securities through IPO is required to appoint Issue
Manager to proceed with the listing process of the company in
the Exchange;
 The Issue Manager prepares the draft prospectus of the company
as per Public Issue Rules of SEC and submit the same to the SEC
and the Exchange(s) for necessary approval;
 The Issuer is also required to make agreement with the
Underwriter(s) and Bankers to the Issue for IPO purpose;
 After receiving the draft prospectus, the Exchange examine and
evaluate overall performance as well as financial features of the
company which may have short term and long term impact on
the market;
 The Exchange send its opinion to SEC within 15 days of receipt of
draft prospectus for SEC's consideration;
 After proper scrutiny, SEC gives it consent for floating IPO as per
Public Issue Rule;
 Having consent from SEC, the Issuer is required to file
application to the Exchange for listing its securities within 5 days
of issuance of its prospectus;
 On successful subscription, the company is required to
complete distribution of allotment/refund warrants within 42
days of closing of subscription;
 After 100% distribution of shares/refund warrants and
compliance of other requirements, the application for listing
of the Issuer is placed to the Exchange's meeting for necessary
decision of the Board of DSE;
 The Board of DSE takes the decision regarding listing/nonlisting of the company which must be completed within 75
days from the closure of the subscription.
Book building is essentially a process used by
companies raising capital through public offerings to aid price
and demand discovery. It is a mechanism where, during the
period for which the book for the offer is open, the bids are
collected from investors at various price, which are within the
price bond specified by the issuer. The process is directed
towards both the institutional as well as the retail investors.
The issue price is determined after the bid closure based on
the demand generated in the process.
During the fixed period of time for which the
subscription is open, the book runner collects bids from
investors at various prices. Bids can be revised by the bidder
before the book close. The process aims at tapping both whole
seller & retail investor. Final issue price is not determined
until the end of the process when the book has closed. After
the close of the book building period, the book runner
evaluates the collected bids on the basis of certain evaluation
criteria and sets the final issue price.
 When the buying and selling of shares gets too
frenzied a circuit breaker is triggered.
 A circuit breaker halts trading after a particular level is
reached. It is activated when the stock moves up or
down by a certain percentage.
Lets do it……….
Foreign investors (NRB) can invest in our securities with
an agreement through brokerage house with anyone of the
following institutions.
1. authorized dealer of foreign exchange
2. Custodian bank
3. Merchant bank
But they‘ve to have beneficiary owner account with a
client account open with any of the brokerage house with
an agreement. Then dealers &banks make the investment
activities.
POLICY TO ATTARACT NRB’s
AND FOREIGN INVESTORS :
Bangladesh has developed a very liberal policy to attract
NRB’S
1. Up to 100% foreign investment is possible
2. Except 4 reserved sectors all sectors are available
for investment. These are
a) Arm ammunition and other defense equipment and
machinery
b) Production of nuclear energy
c) Security printing or currency printing
d)Railway and air transport
3. No permission is required to set up new industries.
Facilities provided to NRB’s
· Non-resident Bangladesh investors enjoy facilities similar
to foreign investors
· Allowed to buy newly issued shares/debentures of
Bangladeshi companies
· 10 percent reserved quota for non-resident Bangladeshis
in primary shares (IPO)
· Foreign currency deposits in the Non-resident Foreign
Currency (NFCD) account
Tax & Other Facilities
· Tax holiday 5-10 years depending on location of Industries.
· 15 years tax holiday for private power generation companies.
· Facilities for repatriation of invested capital, profit & dividend.
· Exemption of tax on interest on foreign loan.
· Tax exemption on royalties, technical know- how & technical
assistance fees.
· Avoidance of double taxation on the basis of bilateral
agreements.
•1996
•2011
What are the reasons for CRASH in
share market ??
 When the confidence of the small investors is no more in the market then they start
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to get their investment out of the market.
When there is a lack of new investors.
Sometimes for the reason of gambling, the institutional investors get their
investments out of the market.
When people get biased by the news from various sources.
When banks face lack of liquidity.
When the interest rate of call money rises.
When there is a lack of liquidity in money market.
When the small investors and institutional investors change their views to SALE
MODE.
when there is a economic disaster in the country.
When there is a lack of sincerity among the concerned persons of the
administration.
The unethical activities of the massive investors of the market accelerate the market
to fall.
 Reasonable knowledge
 Leisure money
 Patience
 Mentality of taking risk
 Capability of evaluation
 Concentration on the market
 Rumors
Last but not the
least……………….
education
prime
Share business
collateral
 Present and future of share
market…………….