CHAPTER 1 - INTRODUCTION

Stock market is an essential part of capital Market. The economy if a country largely depends
on a strong capital market. Contribution of any stock exchange generally leads to economic
growth by increasing the funds to finance industry and other enterprise.

Stock exchange is an independent company formed by shareholders member .It can take
various decisions. The objective of Stock exchange is to provide a market place along with
facilities for bringing together the buyer and seller of securities, promote just and equitable
principal of trade, protect the interest of the investors. Two stock markets in Bangladesh, one
in Dhaka entitled Dhaka Stock Exchange (DSE) and other in Chittagong namely Chittagong
Stock Exchange (CSE) are in operation in Bangladesh.

1.1. Overview of CSE

The Chittagong Stock Exchange (CSE) began its journey in 10th October of 1995 from
Chittagong City through the cry-out trading system with the promise to create a state-of-the
art bourse in the country. Founder members of the proposed Chittagong Stock Exchange
approached the Bangladesh Government in January 1995 and obtained the permission of the
Securities and Exchange Commission on February 12, 1995 for establishing the country's
second stock exchange. The Exchange comprised of twelve Board members, presided by Mr.
Amir Khosru Mahmud Chowdhury (MP) and run by an independent secretariat from the very
first day of its inception.

CSE was formally opened by then Hon'ble Prime Minister of Bangladesh on November 4,
1995.

Mission of the CSE

The Chittagong Stock Exchange will create a successful well-organized and transparent
market of international standard to save and invest in Bangladesh in order to facilitate the
competent entrepreneurs to raise capital and speed up industrial growth for overall benefit to
the economy.

Vision of the CSE

Aspire a global standard transaction place of securities and financial product.

Objectives of the CSE

The prime objectives of the CSE are to create a nation-wide stock market also beyond the
national boundary, which will simultaneously act as a platform for industrial entrepreneurs
and general investors. Explicitly the objectives of CSE are following:

 To develop a strong platform for the entrepreneurs for raising capital.

 To provide an investment opportunities for small and large scale investors.
 To develop a transparent market ensuring investors interest.
 To provide a fully automated trading, Clearing and settlement system to ensure
quick, easy, accurate and easily accessible to all transactions.
 To attract non-resident Bangladeshis to invest in Bangladesh Stock Market.

Legal Basis of CSE

 As legal entity CSE is a not-for-profit pub lic limited company. All of its 129
members are corporate bodies. It has a separate secretariat independent of
policymaking Board. The Board comprises of brokers and non-brokers directors with
equal proportion to ensure the transparency.
 The Board constituted Committees to delegate such functions and authority as it may
deem fit. There is an independent secretariat headed by a full time Chief Executive
Officer. CSE activities are regulated by its own regulations and bye laws along with
the rules, orders and notification of the SEC.

1.2. Objective of the study

The principal objective of the study is to evaluate the performance of CSE. To accomplish
this objective, following specific sub-objectives have been covered:-

1.      To apprise the principle activities of CSE

2.      To identify the problems of CSE

3.      To suggest remedial measures for the development of CSE

1.3. Scope and Methodology of the Study

Going through the report helps us to gather practical knowledge on stock market and enhance
our analytical ability and research approach. The area of concentration of this report is
confined in investigating different aspects of the stock market like performance, problems,
and prospects of the stock market.

The study is both theoretical and empirical. Mostly secondary data have been used in the
study. The main sources of secondary data are the portfolio published by CSE and official
website and magazines published by CSE. The information was arranged and analyzed in
different tables. After processing data we perform graphical representation such as Pie Chart
and Bar chart by using MS Excel.

1.4. Limitation of the Study

To make a report numerous traits and experience are needed. But we have faced some
barriers for making a complete and perfect report. These barriers or limitations and they are
as follows:

 Difficulty in accessing data of its internal operations.

 Non-Availability of some preceding and latest data.
 Some information was withheld to retain the confidentiality of the organization.
 The time span was not sufficient enough to learn all the activities of the organization
properly.
 Therefore, it was very difficult to carry out the whole analysis.
 CHAPTER 2 – PERFORMANCE APPRAISAL OF CSE

2.1. Historical structure overview of CSE

The Chittagong Stock Exchange 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.

Timeline

 1 April 1995 CSE incorporated as a company.

 10 October Floor trading started in cry out system.
 4 November 1995 formally opened by then former Prime Minister Begum Khaleda
Zia.
 30 May 2004 Internet based Trading system opened.
 8 July 2015 CSE launched new brand logo.

Trading hours

Market opens at 10:30 am local time.

Market closes at 02:30 pm local time.

REASONS FOR LISTING IN CSE:

 Trading from many cities: outreach to vast investors

CSE is the first bourse to automate the nationwide trading system on June, 1998. The
Exchange uses the latest in communication technology to give instant access from every
location of the country. Currently there are 129 Members of the Exchange and all are
corporate body ready to serving a wide base of investors.

 Transparency
Online real time trade matching system ensures accountability and transparency in the market
that helps to enhances investor’s confidence.
  Internet Trading System
CSE extended its network to the abroad by introducing Internet Trading System. Internet
Trading System enables an investor from abroad to have an access to our Market through the
System.

 Visibility
CSE trading system provides trade and post-trade information to the investors. The investor
knows the depth of the market on real time basis. The system shows the best 5 buy and sell
orders and also the total number of securities available for buying and selling in the market.

 Short settlement period

The settlement period for good category of companies is shorter and the Exchange as a
counter party of the executed trade successfully completes the settlements though the trading
network is vast.

 Facility to the listed companies to broadcast their corporate announcements

The CSE network disseminates the corporate disclosure such as financial report,
announcements of book closure dividend, bonus, rights, takeover, mergers etc. are
disseminated across the country thus minimizing scope for price manipulation or insider
trading.

 Very competitive low Listing Fees

Listing fees at Chittagong Stock Exchange are very competitive and reasonable.

 Market analysis and investors' relations

Chittagong Stock Exchange has a research cell for continuous market status apperception an
understanding investors' general behavior. This profits listed companies.
2.3 Security Enlistment Rules

CSE while list a company considers ensuring that the companies meet the listing criteria of
the Exchange and also considers the sufficiency of public interest in the company.

The main eligibility criteria for initial listing contained in CSE Listing Regulations is as
follows:
 The Company shall be a Public Limited Company under the Companies Act,1994
 Minimum Paid up capital of the applicant company shall be BDT Ten Million (USD
0.20 million)
 Share subscription must be by at least 250 applicants
In case your company fulfils the criteria, please fill in the listing application form and
send the documents as mentioned in the regulation III(6) of the LISTING
REGULATION for further processing.

LISTING AND ANUAL FEES OF CSE

 
 (1)    An issuer shall pay to the Exchange an Initial Listing Fee at the following rates:
              a)         Listing fee for ordinary shares:
             (i)           Up to Taka 10 crore of paid-up capital @0.25%
           (ii)         Above Taka 10 crore of paid-up capital @0.15%

       b)         Listing fee for preferred shares and fixed income securities:
                 (i)           Up to Taka 10 crore of size of the issue @0.25%
          (ii)         Above Taka 10 crore of size of the issue @0.15%

               c)         Listing fee for mutual funds and other funds:

               (i)           Up to Taka 10 crore of size of the fund @0.25%
               (ii)         Above Taka 10 crore of size of the fund @0.15%

However, the total initial listing fee shall be minimum of Taka 50,000.00 (fifty thousand) and
maximum of Taka 10,000,000.00 (ten million) for each of the categories as mentioned above.
 
 (2)   Whenever an issuer increases the number of securities listed with the Exchange, shall
pay the Exchange a fee at the same rate as provided in sub-regulation (1) above for the
additional securities to be listed.
 
 (3)   Every issuer of listed securities shall pay Annual Listing Fee to the exchange within
31st March of every Gregorian calendar year at the following rates:
               a)         Annual listing fee for ordinary shares:
              (i)           Up to Taka 100 crore of paid-up capital @ 0.05%
             (ii)         Above Taka 100 crore of paid-up capital @ 0.02%

         b)         Annual listing fee for preferred shares and fixed income securities:
                 (i)           Up to Taka 100 crore of size of the issue @ 0.05%
               (ii)         Above Taka 100 crore of size of the issue @ 0.02%

     c)         Annual listing fee for mutual fund and other funds:
                 (i)          Up to Taka 100 crore of size of the fund @ 0.05%
                 (ii)         Above Taka 100 crore of size of the fund @ 0.02%

However, the total annual listing fee shall be minimum Taka 50,000.00 (fifty thousand) and
maximum Taka 6,00,000.00 (six lac) for each of the categories as mentioned above

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.
2.4 Number of securities enlisted

Number of enlisted securities

Sector name Number of securities
Bank 29
Cement 7
Ceramic 5
Corporate bond 2
Energy 16
ENG. & Electrical 27
Foods & allied 12
General insurance 29
ICT 7
Leasing & finance 22
Leather & footwear 5
Life insurance 12
Company
Miscellaneous 13
Mutual fund 40 listing by
Papers & printing 4 Category
Pharmacy & chemicals 22
Category of shares A B Z N Total
Service & property 7
Telecommunication
numbers 256 13 52 26 300
Textiles & clothing 39
Total 300

Company listed as Catagory of shares

26
5

13

A B N Z

256
Observations: There are four category share exists in stock market. ‘A’ category shares
represent the value of the corporation. Basically ‘A’ category company provides minimum
10% dividend to their shareholder and ‘B’ category shares provide less than 10% irregular
dividend to shareholder. ‘N’ category share represent normal neither excellent nor poor and
‘Z’ category shows that the company don’t provide dividend &annual report regularly.

Category Name Performance

A Excellent
N Normal
B Below Normal
Z Poor

In CSE ‘A’ category share exists 256 which is around 80% of all total share. ’B’ category
share exist 13,’Z’ category exists 5 and ‘N’ category share exists 26.So overall 300company
enlisted in CSE.
2.5. Number of IPO’s

An initial public offering (IPO), referred to simply as an "offering" or "flotation ", is when a
company (called the issuer) issues common stock or shares to the public for the first time.

They are often issued by smaller, medium size companies seeking capital to expand, but can
also be done by large privately owned companies looking to become publicly traded.

IPO (SIZE OF THE FUND):

SL Year Name Size of the fund

1 2015 Vanguard AML BD Finance Mutual Fund Tk.150,00,00,000
One
2 2015 SEML Lecture Equity Management Fund Tk. 50,00,00,000
3 2015 Information Technology Consultants TK. 120,000,000
Limited
4 2015 Regent Textile Mills Limited TK. 1,250,000,000
5 2015 Simtex Industries Limited Tk. 600,000,000.00
6 2015 KDS Accessories Limited Tk. 240,000,000
7 2015 Aman Feed Limited TK. 720,000,000
8 2015 Olympic Accessories Limited Tk. 200,000,000.00
9 2015 Tosrifa Industries Limited TK. 638,721,200
10 2015 Bangladesh Steel Re-rolling Mills Limited Tk. 612,500,000
11 2014 Asian Tiger Sandhani Life Growth Fund Tk. 100,00,00,000
12 2015 Zaheen Spinning Limited Tk. 120,000,000.00
13 2015 Shasha Denims Limited TK. 1,750,000,000.00
14 2014 Ifad Autos Limited Tk. 63,75,00,000.00
15 2014 C & A Textiles Limited Tk. 450,000,000.00
16 2014 National Feed Mill Limited Tk. 180,000,000.00
17 2014 Hamid Fabrics Limited Tk. 1,050,000,000.00
18 2014 Khan Brothers PP Woven Bag Industries TK. 200,000,000
Limited
19 2014 Western Marine Shipyard Limited Tk. 1,575,000,000
20 2014 Ratanpur Steel Re-rolling Mills Limited TK. 1000,000,000
21 2014 SaifPowertec Ltd. TK. 360,000,000.00
22 2014 Shurwid Industries Ltd. TK. 140,000,000.00
23 2014 Tung Hai Knitting and Dyeing Limited TK. 350,000,000.00
24 2014 Far East Knitting & Dyeing Industries Tk. 67 5,000,000
Limited
25 2014 Khulna Printing & Packaging Limited Tk. 400,000,000.00
26 2014 The Peninsula Chittagong Limited TK. 1,650,000,000.00
27 2014 Shahjibazar Power Co. Ltd. TK. 317,000,000.00
28 2014 Far Chemical Industries Limited Tk. 120,000,000.00
29 2014 HWA Well Textiles (BD) Limited TK. 200,000,000.00
30 2013 Matin Spinning Mills Limited TK. 1,261,700,000
31 2014 Emerald Oil Industries Limited Tk. 200,000,000
32 2014 AFC Agro Biotech Ltd. TK. 120,000,000.00
33 2013 Mozaffar Hossain Spinning Mills Limited Tk. 275,000,000.00
34 2013 AppolloIspat Complex Limited Tk. 2,002,000,000
35 2013 Paramount Textile Limited TK. 840,000,000
36 2013 Bangladesh Building Systems Limited TK. 140,000,000
37 2013 Fareast Finance & Investment Limited Tk. 450,000,000
38 2013 Central Pharmaceuticals Limited TK. 140,000,000
39 2013 EXIM Bank 1st Mutual Fund Tk. 100,0000000
40 2013 ICB AMCL Sonali Bank Limited 1st Mutual Tk. 100,0000000
Fund
41 2013 Familytex(BD) Limited Tk. 340,000,000
42 2013 Golden Harvest Agro Industries Limited Tk. 750,000,000.00
43 2013 Orion Pharma Limited Tk. 2,400,000,000
44 2013 Bengal Windsor Thermoplastics Limited TK. 400,000,000
45 2012 Summit Purbanchol Power Company Tk. 1,200,000,000
Limited
46 2012 Envoy Textiles Limited(ETL) TK. 900,000,000.00
47 2012 Global Heavy Chemicals Limited TK. 240,000,000.00
48 2013 Premier Cement Mills Limited Tk. 264,000,000
49 2012 Sunlife Insurance Company Limited Tk. 120,000,000.00
50 2012 Generation Next Fashions Limited Tk. 300,000,000.00
51 2012 Argon Denims Limited TK. 1,050,000,000.00
52 2012 Aamra Technologies Limited TK. 517,728,000.00
53 2012 Unique Hotel and Resorts Limited Tk. 1,950,000,000
54 2012 NCCBL Mutual Fund-1 TK. 100,00,00,000
55 2012 Bangladesh Submarine Cable Company Tk. 1,085,000,000.00.
Limited(BSCCL)
56 2012 Saiham Cotton Mills Limited TK. 950,000,000
57 2011 NLI First Mutual Fund TK. 50,0000000
58 2012 GPH Ispat Limited TK. 600,000,000.00
59 2011 Padma Islami Life Insurance Ltd. Tk. 120,000,000
60 2012 GBB Power Limited TK. 820,000,000
61 2012 GSP Finance Company (Bangladesh) Tk. 500,000,000.00
Limited
 62 2011 First Bangladesh Fixed Income Fund Tk. 500.0000000
63 2011 PHP FLOAT GLASS INDUSTRIES LTD TK. 300,000,000
64 2011 Ananda Shipyard & Slipways Limited Tk. 300,000,000
65 2011 MJL Bangladesh Limited Tk. 5,080,000,000
66 2011 Barakatullah Electro Dynamics Limited Tk. 1,200,000,000
67 2011 M.I. CEMENT FACTORY LIMITED Tk. 3,348,000,000
68 2011 SALVO CHEMICAL INDUSTRY LIMITED TK.260,000,000
69 2011 SOUTHEAST BANK 1ST MUTUAL FUND TK. 100,0000000
60 2011 RELAINCE INSURANCE MUTUAL FUND Tk550,000,000
61 2011 LR GLOBAL MUTUAL FUND Tk. 300,0000000
62 2011 Rangpur Dairy & Food Products Limited Tk. 294,145,200
63 2011 ZAHINTEX INDUSTRIES LTD TK.500,000,000.00
64 2011 Bangladesh Shipping Corporation. Tk. 3,137,000,000.00
65 2011 AB Bank 1st Mutual Fund Tk. 150,0000000

From the table, we can see from 2011 to 2015 total 65 companies listed for initial public
offering. We can also say that there are different types of corporation are listed in the
Chittagong Stock Exchange. In recent years, there are some other firms introduced in the
market and fund size is also large and that is a positive signal for the market.

2.6. Market Capitalization

Year 2011 2012 2013 2014 2015

Market Capitalization (Core BDT) 197242 178446 202326 260698 248749

 Market Capitalization (Core BDT)
300000

250000 260698
248749

200000
197242 202326
178446 Market Capitalization (Core BDT)
150000

100000

50000

0
2011 2012 2013 2014 2015

Observations: Market capitalization is the total dollar (here BDT value) market value of all
of a company's outstanding shares. Market capitalization is calculated by multiplying a
company's shares outstanding by the current market price of one share. The investment
community uses this figure to determine a company's size, as opposed to sales or total asset
figures. The market capitalization was going through an upward trend from 2012 to 2014
which was a good indication of market performance. In 2015 it falls down slightly.
2.7. Trading Volume in Number

Year 2011 2012 2013 2014 2015

Annual value traded (Core BDT) 18634 11691 9904 9748 8847

Annual value traded (Core BDT)

20000
18634
18000
16000
14000
12000 Annual value traded (Core
11691 BDT)
10000 9904 9748
8847
8000
6000
4000
2000
0
2011 2012 2013 2014 2015

Observations: Trade in value expresses how much amount trade in that particular year. In
2011 trade in value was 18634 core and 2012 was 11691 core. But in 2013 trade in value has
been decreased to 9904 core. In 2015 annual trade value dramatically decreased to 9748 to
8847 compare to year of 2011. We are assuming it’s a bad indication for capital market.
2.8. Trading volume in Value

Year 2011 2012 2013 2014 2015

Total Volume traded (000) 251828 286351 276347 249931 257551
2 0 6 4 4

Total Volume traded (000)

2900000
2863510
2800000
2763476
2700000 Total Volume traded
(000)
2600000 2575514
2518282
2500000 2499314
2400000
2300000
2011 2012 2013 2014 2015

Observations: Volume tells investors about the market's liquidity. Higher volume means
higher liquidity and better order execution. When investors feel hesitant about the direction of
the stock market, futures trading volume tends to increase. Volume also tends to be higher
near the market's opening and closing times, and on Mondays and Fridays. It tends to be
lower at lunchtime and before a holiday. In case of CSE, we have found a downturn from
2012 to 2014 but in 2015 it was rising which is a good indication.

2.9. Share Price index

Sector Name Index Value Sector Name Index Value

BANK 32987.6439 LEATHR N FOOTWEAR 6507.0069

CEMENT 6236.0268 LIFE INSURANCE 88162.9288

CERAMIC 601.0376 MISCELLANEOUS 8083.3568

ENERGY 9028.8667 MUTUAL FUNDS 4353.5485

 ENG N ELECTRICAL 6165.0158 PAPERS N PRINTING 825.1253

FOODS N ALLIED 17009.6072 PHARMA N CHEMICAL 29940.2023

GENERAL INSURANCE 5294.4022 SERVICES N PROPERTY 1903.4815

ICT 7359.9197 TELECOMMUNICATION 1429.4431

LEASING N FINANCE 17176.089 TEXTILE N CLOTHING 2128.2229

Index
29940.2
Value
2128.22
1429.44
1903.48
32987.64
825.13
4353.55 6236.03
601.04
8083.36 9028.87
6165.02
17009.61
5294.4
7359.92
88162.93 17176.09
6507.01

BANK CEMENT CERAMIC

ENERGY ENG N ELECTRICAL FOODS N ALLIED
GENERAL INSURANCE ICT LEASING N FINANCE
LEATHR N FOOTWEAR LIFE INSURANCE MISCELLANEOUS
MUTUAL FUNDS PAPERS N PRINTING PHARMA N CHEMICAL
SERVICES N PROPERTY TELECOMMUNICATION TEXTILE N CLOTHING

Observations: There are eighteen sectors included in CSE. The life insurance index values
are much higher than other sectors. After the insurance company Pharmaceutical and
chemical index value is higher. The share price index value of Insurance Company is
88162.9288 and the share price index of pharmacy &chemical is 29940.2023.The price index
of Banks is also higher which value is 32987.6439. The sectors with higher index typically
perform well in overall market.
 CHAPTER 3 – Problems of CSE

3.1. Problems

 The problems of the stock market in Bangladesh are structural, and, actually quite far
reaching than what meets the eye. The unexpected rise and fall in share prices mostly
followed from the general confidence of the investors about political stability,
euphoria of investment in shares, prospect of quick capital gains, a vacuum in respect
of institutional presence in the share market, monopolistic dominance of member
brokers, inefficiency of the SECS to cape with the developments, absence of proper
application of circuit breaker etc. Delivery versus payment mechanism was used as
one of the main vehicles of manipulation. The problems of CSE are given below:

 There are big syndicates acting together to artificially influence the prices resulting in
huge profits for them at the expense of the average investors who put in their hard-
earned lifetime savings.
 Many of the stocks are overpriced and this is a serious risk factor for the
inexperienced investors. Entry of new companies in the market can help reduce gap
between demand and supply and help bring stability in the market. Immediate entry of
at least two or three large companies could be extremely helpful for a balanced
growth of the market.
 Access to high quality and credible corporate information remains a major problem in
the market. While a handful of institutional investors may enjoy certain benefits since
they have an investment unit manned with qualified officers, nothing exists for retail
investors. And, in the absence of independent research houses, retail investors
primarily focus on advice given by their brokers, which often consists of market
rumors. This is not acceptable, and it often leads to enormous losses for small
investors who are vital for a low-income and emerging market like Bangladesh.
 It has been observed that the share values of some profitable companies has been
increased fictitiously some items that hampers the smooth operation of Stock market.
 Financing procedures and delivery of securities sometimes take an unusual long time
for which the money is blocked from nothing.
 Many companies do not focus real position of the company as some audit firms
involve in corruption while preparing financial statements. As a result the
shareholders as well as investors do not have any idea about position of that company.
On the other hand some companies do not hold Annual General Meeting (AGM) and
eventually declare dividends that confused the shareholders about the financial
positions of the company.
 Growth of mutual fund in Bangladesh has been slow. Only recently there has been a
rush for new funds. Many banks and financial institutions are in the queue with
proposals for their funds. Mutual fund is often a misunderstood subject in Bangladesh.
Many investors do not understand the difference between mutual fund shares and
other company shares. Mutual fund share is not the share of a company. It is a fund
under a trust. Investment in mutual fund is ideal for investors who do not want to take
risk because the fund is managed professionally and the collective investment is
diversified. Mutual fund share price can also fluctuate heavily and be subject to wild
speculation. As a result the safe investment tool often becomes a risky area.

3.2. Suggestions

i. The management team of CSE should be consigned with professionals and

should not in
ii. any way be linked with the ownership of stock exchange and other firms. If all
these can be ensured, we can expect a stable and reliable stock market.
iii. The Composite Quotation System (CQS) should be introduced and implemented
that available the exchange specialist bid-ask quotes to the subscribers. As a result
there will be lack of nepotism and transparency would be ensured.
iv. Stock market like CSE needs to introduce automated monitoring system that may
control price manipulation, malpractices and inside trading Chittagong Stock
Exchange. To avoid unpleasant situations every listed company should prepare
annual report at specific time. So that listed companies can publish their annual
 reports with actual and proper information that can protects the interests and rights
of individual investors.
v. Also Govt. should take some corrective action against the issues of false
certificate and ensuring punishment to criminals involved to this. The brokers
should not deal in the Scripps on their own accounts because it can create
imbalance in the stock market. At the same time, stock holders can be the victim
of huge loses.
vi. Lastly CSE should be benefited by the benefits of the demoralization.

3.3. Conclusions

Bangladesh emerged as an independent sovereign country in the year 1971. But till now, the
industrial development of our country is still poor and for rapid industrialization, formation of
capital is the most important element. But it is not easy to procure through capital market
with proper support of stock market. Since the introduction of CSE it contributed to the
development of capital market in Bangladesh. It can be said withcertainty that the
achievements and success gained by CSE can be attributed for its and timely decision. CSE
isnow working to launch derivatives products in the market. With this view and to create
awareness among thebrokers, investors and other market players, CSE conducted a series of
seminar and workshops. I hope that, by introducing more products and services in the stock
market CSE will able to improve its performance much better & compete with other famous
stock exchanges in the sub-continent and at the same time it will help to accelerate economic
development of our beloved country. The capital market of Bangladesh has a huge number of
investors. 2.6 million Investors are engaged in stock business at present. A lot of them are
educated and from middle class family. These investors invest their little savings in the
market. To secure their investment and growth of the country government can take
necessary initiatives. CSE must take into consideration the every single perspective of
individual investors.
 BIBLIOGRAPHY

Website:

http://www.cse.com.bd/

https://en.wikipedia.org/wiki/Chittagong_Stock_Exchange

https://www.Lanka Bangla bd.com

https://www.google.com.bd/

Magazine:

Portfolio (July-September16)

CSE Bazaar Porikrama (January16)

Newspaper: The Daily Star, The Financial Express'

Others: journal and analysis from Web