DEFINITION of 'Dhaka Stock Exchange - DSE'
The financial marketplace headquartered in Dhaka, Bangladesh. The Dhaka Stock Exchange was incorporated in 1954, and formal trading began in 1956. Originally, the exchange was called the East Pakistan Stock Exchange Association Ltd, and in 1962 the name was revised to East Pakistan Stock Exchange Ltd. Two years later, on Feb. 22, 1964, the name was changed to current day Dhaka Stock Exchange Ltd. The Dhaka Stock Exchange is registered as a Public Limited Company and is regulated by the Bangladesh Securities and Exchange Ordinance of 1969, the Companies Act of 1994 and the Securities and Exchange Commission Act of 1993.
BREAKING DOWN 'Dhaka Stock Exchange - DSE'
Trading on the Dhaka Stock Exchange is conducted in four sessions: enquiry - brokers can logon to the system but no orders can be submitted; opening - all buy and sell orders are compared to calculate the open-adjusted price (no trades are executed during this session); continuous trading - orders are submitted for immediate execution; and enquiry - the market is closed and closing prices are calculated and published.