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WELCOME TO OUR

WELCOME TO OUR. Presentation session. GROUP-B. Members of Group B. Niloy Debnath 16127 Siam Ahmed 16110 Md. Shoriful Islam 16108

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WELCOME TO OUR

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  1. WELCOME TO OUR Presentation session

  2. GROUP-B

  3. Members of Group B • NiloyDebnath 16127 • Siam Ahmed 16110 • Md. Shoriful Islam 16108 • Iffat Mahmud 16098 • Md. ShikanderHossain 16152 • ZeniaAkter 16102 • Md. Ibne-Al-JayedHossain 16133 • Md. Saddam Hossain 16129 • Md. RezaulKarim 16113 • BabuMarma 16171 • Md. Fayez Ahmed 16134

  4. Dhaka Stock Exchange(DSE)

  5. Introduction of DSE • 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 NarayangangChember Of Commerce & Industry should approach its members for purchase of membership card at RS. 2000 each for the proposed Stock Exchange.

  6. Legal control • 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.

  7. Offices of DSE • DSE Head Office: Dhaka Stock Exchange Ltd. Stock Exchange Building 9/F Motijheel C/ADhaka-1000 DSE Branch Offices: • DSE Chittagong Office ShafiBhaban 6, Sheikh Mujib Road Agrabad Commercial Area Chittagong-4100

  8. 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

  9. Board of Directors • Chief Executive Officer SatipatiMoitra, M.Com, FCMAPABX : 9564601,7175705-9Email : satipati@dsebd.org, dse@bol-online.com • Chief Operating OfficerBrig Gen MdZahurulAlam, ndc, psc (on LPR)Phone: 9564601,7175703-11, Ext-268Mobile: 01730700610, 01753747474Email : bgzahur@dsebd.org, bgzahur@yahoo.com

  10. Chief Technology Officer A. S. M. KhairuzzamanM.Sc. in AP & Electronics, Commonwealth MBA, FBCSPhone: 9564601,7175703-11, Ext-123Email : skzaman@dsebd.org, dse@bol-online.com, kzaman_bd@yahoo.com • General Manager & SecretaryShaikhMohammadullah, MBA (IBA), FCS Phone: 9564601,7175705-9, Ext-102Email : smullah@dsebd.org, dse@bol-online.com • General Manager (Finance & Accounts)Jiban Chandra Das, FCA Phone: 9564601,7175705-9, Ext-152Mobile: 01730336965Email : jiban@dsebd.org, dse@bol-online.com

  11. 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.

  12. Rules & Regulations Members Margin of DSE • 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;

  13. (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.

  14. 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.

  15. 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).

  16. 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

  17. Trading Session 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 open-adjust 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.

  18. Holidays of DSE List of Holidays: DSE will observe the following Holidays during the Calendar year January to December 2011 : Events Date • Eid -e -MiladunNobi (*) 16 February, Wednesday • Shaheed Day 21 February, Monday • Birthday of father of the Nation 17 March, Thursday • Independence and National Day 26 March, Saturday • Bengali New Year 14 April, Thursday • May Day 01 May, Sunday • BudhaPurnima (*) 17 May, Tuesday • Exchange Holiday 01 July, Friday • Shab -e -Barat (*) 17 July, Sunday

  19. National Mourning Day 15August,Monday • Janamashtami 22 August, Monday • Jumat -ul -Bida (*) 26 August, Friday • Shab -e -Qadr (*) 28 August, Sunday • Eid -ul -Fitr (*) 31August-02 September, • Wednesday - Friday • DurgaPuja 06 October, Thursday • Eid -ul -Azha (*) 06 - 08 November, • Sunday-Tuesday • Muharram (*) 06 December, Tuesday • Victory Day 16 December, Friday • Christmas Day 25 December, Sunday • Exchange Holiday 31 December, Saturday   * Subject to Appearance of the Moon.

  20. 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.

  21. 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

  22. The process of listing in IPO 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;

  23. 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;

  24. 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/non-listing of the company which must be completed within 75 days from the closure of the subscription.

  25. Trading System of Book building 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.

  26. 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.

  27. Lets work it out….

  28. otc

  29. Circuit breaker • 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.

  30. Lets do it……….

  31. Foreign investors and nrb 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.

  32. 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.

  33. 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  

  34. 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.

  35. Crash in DSE

  36. 1996 • 2011

  37. Let’s watch the real Scenario …..

  38. 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 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.

  39. Things should be considered before entering into STOCK MARKET

  40. Reasonable knowledge • Leisure money • Patience • Mentality of taking risk • Capability of evaluation • Concentration on the market • Rumors

  41. Last but not the least……………….

  42. Present and future of share market…………….

  43. At the end of the day….

  44. Thank you all

  45. Q / a session

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