Type Stock Exchange Founded 10 October 1995 | Currency Taka | |
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Key people Mr. Wali-ul-Maroof Matin ([Managing Director]) | ||
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.
Contents
Timeline
Trading hours
Market opens at 10:30 am local time.
Market closes at 02:30 pm local time.
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.