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It is one of the twin financial hubs of the country, alongside the Dhaka Stock Exchange. Established in 1995, the exchange is located in the Agrabad business district in downtown Chittagong. [ 2 ] It has a combined market capitalization of over US$ 38 billion as of 2020.
No individual or firm can buy more than one share. According to the stock market rule, only members can participate on the floor and buy shares for themselves or their clients. At present, it has 238 members. The market capitalization of the Dhaka Stock Exchange reached nearly $9 billion in September 2007 and $27.4 billion on 9 December 2009.
The Financial Express with Standard Chartered Bank has an annual award program for best corporate social responsibility in Bangladesh. [13] In August 2018, AHM Moazzem Hossain, founding editor of the paper, died in Square Hospital, Dhaka. [14] The Financial Express news editor, Abdullah M Hasan, died on 17 July 2020 from COVID-19. [15]
U.S. stocks got smoked on Friday after a crucial jobs report came in warmer than expected and jitters over the stunning failure of Silicon Valley Bank rattled investors.. The S&P 500 plunged 1.4% ...
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The 2010-11 Bangladesh share market scam was a period of instability in the stock market from 2009 to 2011; the turmoil was in the two Bangladeshi stock exchanges, DSE and CSE. The market rose 62% in 2009, and 83% in 2010, but then declined 10% in January 2011, and a further 30% in February 2011. [ 1 ]
U.S. stocks scrambled higher Thursday to end a back-and-forth session in the green after rate worries drove four consecutive days of declines for the S&P 500.