DSE Investors
You must login to participate in the discussion. If you're not a registered member you cant participate in the discussion. It takes only minutes to register. Its easy and free.
DSE Investors

DSE Investors forum for discussion. The freedom of association and thoughts and speech is ensured by our constitution. So feel free to express your ideas, opinion and thoughts through this forum.
 
HomeHome  PortalPortal  FAQFAQ  RegisterRegister  Log in  
Search
 
 

Display results as :
 
Rechercher Advanced Search
Latest topics
» DSE Membership for Sale
Fri Nov 16, 2012 10:45 am by stockbroker

» DSE Membership for Sale
Fri Nov 16, 2012 10:44 am by stockbroker

» DSE Memerbship for SALE
Fri Nov 16, 2012 10:43 am by stockbroker

» Put your opinion about tomorrow
Sun Nov 11, 2012 1:02 am by selimbd

» What will you buy tomorrow?
Thu Jun 14, 2012 12:59 am by selimbd

» Investment for next trade day (4 July 2010)
Thu Aug 04, 2011 3:45 am by faridchy

» hi everybody
Wed Apr 13, 2011 2:10 am by Akbor Ali

» Welcome to DSEInvestors
Mon Feb 21, 2011 4:21 pm by black2006

» Mamun
Wed Oct 27, 2010 5:00 pm by lui_lui

Navigation
 Portal
 Index
 Memberlist
 Profile
 FAQ
 Search
Others
Affiliates
</a>
 

Share | 
 

 Stock market in 2009-10 Bourses exude buoyancy, turnover keeps galloping

Go down 
AuthorMessage
sujana

avatar

Posts : 105
Join date : 2010-05-27

PostSubject: Stock market in 2009-10 Bourses exude buoyancy, turnover keeps galloping   Thu Jul 01, 2010 12:13 am

Mohammad Mufazzal

The country's capital market reaped a total turnover of more than Tk 2754.16 billion in the fiscal 2009-'10 and the average daily turnover of the bourses increased by around 185 per cent compared to the previous fiscal year.

Trading at Dhaka Stock Exchange (DSE) was held on 243 days in the fiscal 2009-10 and the average turnover was Tk 10.44 billion.

Trading at DSE was held on 239 days in the fiscal 2008-09 and the average turnover was Tk 3.74 billion.

The average turnover at DSE in 2009-10 increased by 180 per cent than the previous fiscal year.

The market capitalisation of DSE was more than Tk 124.13 billion on June 30 of 2009 and the amount reached around Tk 270.07 billion on June 30 of 2010.

On the other hand, the total turnover at Chittagong Stock Exchange (CSE) in 2008-09 was Tk 1251.82 billion and the amount reached Tk 2165.11 billion in 2009-10.

In 2009-10, the average turnover at the CSE increased by 70 per cent than the previous fiscal year.

In 2009-10, the number of companies, which offloaded their shares, was not much higher than the previous fiscal year.

In 2008-09, 12 companies and two mutual funds offloaded their shares in the capital market, whereas in 2009-10, 10 companies and 8 mutual funds offloaded their shares in the market.

On June 30 of 2009, the total number of active BO (Beneficiary Owners) accounts was around 1.4 million and the number reached more than 2.5 million on June 30 of 2010.

In the fiscal 2009-10, more than 1.1 million BO accounts were opened by the investors.

However, DSE president Shakil Rizvi said the government, the securities regulator and bourses jointly played important roles in establishing the sustainability of the market.

"During the shares scam of 1996, the investors lost their confidence in the market. Afterwards, they gradually got back their confidence and during the two immediate-past fiscal years, the market arrived at a satisfactory level," Mr. Rizvi said.

The DSE president also said the government and the regulator should continue their support in a bid to continue the growth of the market.

DSE Chief Executive Officer Satipati Moitra said, "In fiscal 2009-10, our average turnover crossed our expectations, whereas in the same fiscal year, the transaction at Karachi Stock Exchange dropped to Tk 14 billion from Tk 20 billion in 2007.

"We expected that the average transaction of DSE in 2009-10 would be around Tk 5 billion, not the massive Tk 10.44 billion," he said.

Chittagong Stock Exchange (CSE) president Md Fakhor Uddin Ali Ahmed said huge numbers of investors entered the capital market in 2009-10 as their benefits from alternative investments were squeezed.

"The continuation of the market's growth might become vulnerable if the government failed to offload the shares of the state-owned enterprises," he said.
Back to top Go down
 
Stock market in 2009-10 Bourses exude buoyancy, turnover keeps galloping
Back to top 
Page 1 of 1
 Similar topics
-
» Is it possible to predict movements in the stock market?
» help on youtube videos on stock market
» How statistics used in stock market??
» IPOs and Stock market BULL RUN..
» Stock Market words - For the New Investors (Beginners)

Permissions in this forum:You cannot reply to topics in this forum
DSE Investors :: First Category :: Others-
Jump to: