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Exchange information

Types of Markets:

(Automated Trading System manages the following 3 types of Market)

  •  Public Market: For general trading

  •  Block Market: For bulk trading

  •  Spot Market: For cash trading to adjust for corporate actions

Trading Session:
  •  Trading hours: 10.30 AM to 02.30 PM

  •  Trading days: Sunday To Thursday

  •  Transaction Settlement Cycles

    •  Normal Settlement: T + 2

    •  Spot Settlement: T + 0

    •  Prohibitory Settlement for non-investment grade securities: T + 9

Principle for Security Categorization:
  •  Category A: Companies that have paid more than 10% dividend in the last book-closing

  •  Category B: Companies that have paid dividend less than 10% in the last book-closing

  •  Category G: Companies that are newly listed in the exchange with no previous operation

  •  Category N: Companies that are newly listed in the exchange with previous operation

  •  Category Z: Companies that have paid no dividend in the last book-closing

Clearing and Settlement:
  •  An executed trade is settled between the brokers through the clearing house of the exchanges.

  •   In settlement of trade, except Z category securities, the buying and selling brokers deposit cheque and securities respectively to the clearing house on 2nd day of the trade (T+1) and the clearing house deliver securities and give cheque to the buying and selling broker respectively on 4th day of the trade (T+2). For settlement of the trades of the securities under Z-category the aforesaid periods is T+9.

Flow Chart of Clearing and Settlement (T+2):

A member shall make settlement to his client by delivery of securities and/or payment by cheque within one day of his receipt of securities and/or cheque from the Clearing house. Any default shall attract a fine of Tk. 500 for each day for each default. Interest shall also be payable to a client for delayed payment at 1.5% per month.

Listed Companies are required to submit:
  •  Yearly Audited Financial Statement within four months of the year end.

  •  Quarterly Un-audited financial statements within one month.

  •   Disclosure of Price Sensitive Information.

Accounting Principle:
  •  IFRS as adopted in Bangladesh

  •  ISA’s as adopted in Bangladesh

Circuit Breaker & Circuit Filter:
  •   Circuit Breaker is the maximum deviation of the price (specified as percentage) that is allowed for a particular stock for a single trading session. The closing price of the stock becomes the Circuit Breaker Base Price to calculate the maximum possible deviation for the following session. Orders violating circuit breaker will result into rejection of the order. The deviation percentage varies with securities and is updated daily in the DSE web site at http://dsebd.org

  •  Circuit Filter is the maximum permissible deviation of the price (specified as percentage), of an aggressor order from the last trade price.

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