19-630: Jamuna Oil Company Ltd ( JOCL ) (estd. as Pakistan National Oil in 1964; renamed as Bangladesh National Oil in 1972) ( DSE : JOCL Archived 2020-01-18 at the Wayback Machine ) is a subsidiary of the Bangladesh Petroleum Corporation that nationally markets octane , petrol , diesel , kerosene , furnace oil , bitumen and lubricants in Bangladesh. In 1975, it was renamed Jamuna Oil Company (JOCL) after
38-478: A generation capability of 3,800–4,000 MW. As a result of the DST scheme, the time zone was advanced from UTC+06:00 to UTC+07:00 . Government officials who supported the scheme argued that conserving power was more feasible than generating additional power. However, the scheme ultimately failed to meet its objectives. Criticism emerged just days after the scheme’s implementation, as people struggled to adjust to
57-615: Is Tk. 500,000, which is divided up to 250 shares each pricing Tk. 2000. No individual or firm can buy more than one share. According to the stock market rule, only members can participate on the floor and buy shares for themselves or their clients. At present, it has 238 members. The market capitalization of the Dhaka Stock Exchange reached nearly $ 9 billion in September 2007 and $ 27.4 billion on 9 December 2009. The management and operation of Dhaka Stock Exchange
76-628: Is entrusted on a 25 members board of directors. Among them 12 are elected from DSE members, another 12 are selected from different trade bodies and relevant organisations. The CEO is the 25th ex officio member of the board. The government has appointed Professor Shibli Rubayat Ul Islam, who teaches banking and insurance at Dhaka University, as the chairman of Bangladesh Securities and Exchange Commission, reports bdnews24.com. The following organisations are currently holding positions in DSE Board: The Dhaka Stock Exchange
95-553: Is observed uniformly across the country as a national standard. In 2009, Bangladesh briefly observed daylight saving time (DST) as a measure to address an ongoing electricity crisis. However, this decision was reversed by the government in 2010. The official time signal of BST is determined based on the 90.00° E longitude . This meridian passes through the Harukandi Union, located in the Harirampur Upazila of
114-473: Is open for trading Sunday through Thursday between 10:00 am – 2:30 pm BST , with the exception of holidays declared by the Exchange in advance. In the month of Ramadan , the exchange is open for trading between 10:00 am – 2:00 pm BST . There are a total of 651 Securities and 397 companies listed on this Stock exchange. The listing provides an exclusive privilege to securities in
133-737: The Government . In recent times, the board has added 2 more directors who are all nominated by the National Government. Dhaka Stock Exchange The Dhaka Stock Exchange ( DSE ) ( Bengali : ঢাকা স্টক এক্সচেঞ্জ Dhaka stôk ekschenj ), located in Nikunja, Dhaka , is one of the two stock exchanges of Bangladesh , the other being the Chittagong Stock Exchange . In January 2023, DSE and Nasdaq announced their partnership with trading technology. It
152-517: The Higher Secondary Certificate (HSC) examinations, which run from 18 April to 28 May. On the midnight of 19 June, the time was advanced by exactly one hour. The plan was to revert to the original time two months later, on the midnight of 30 September. The primary aim of this proposal was to reduce energy consumption, as the period of the most severe energy crisis coincided with a power demand of 4,800–5,800 MW , against
171-641: The Manikganj District , within the Dhaka Division . In the IANA time zone database , BST is represented by the identifier Asia/Dhaka. From 1890 to 1941, Bengal , under the British Raj adhered to Calcutta time ( UTC+5:53:20 ). During the 1940s, in the midst of World War II , British India underwent a series of time zone changes. After the partition of India in 1947, the region
190-465: The Ministry of Power, Energy and Mineral Resources proposed the DST scheme. This proposal was discussed with representatives from 18 to 19 different ministries on 5 April 2009, and they were requested to provide their views by 9 April. Most of the ministries responded positively to the proposal. The month of June was chosen for the implementation of DST, rather than April or May, due to the scheduling of
209-429: The change. Businesses and shop owners did not fully comply with the government’s directives. Citizens voiced complaints that the load-shedding situation had not improved. Any power savings were offset by increased consumption due to hot weather in the days following the change. Furthermore, any remaining savings were consumed by individuals who previously had limited access to electricity. Students and teachers were among
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#1732775996990228-492: 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. Bangladesh Standard Time Bangladesh Standard Time ( BST ; Bengali : বাংলাদেশ মান সময় ) serves as the official time zone for Bangladesh . It operates six hours ahead of Coordinated Universal Time and
247-666: The first quarter of 2011. Millions of investors lost their money and came out onto the street blaming the speculators and regulators for the bubble that finally burst in what became known as the 2011 Bangladesh share market scam . Currently, there are 22 industrial sectors in DSE which accommodate 625 listed companies. Dhaka Stock Exchange (DSE) is a public limited company . It is formed and managed under Company Act 1994, Security and Exchange Commission Act 1993, Security and Exchange Commission Regulation 1994, and Security Exchange (Inside Trading) regulation 1994. The issued capital of this company
266-470: The first to experience adverse effects, as many had to depart for their institutions before sunrise. By December, the situation worsened, leading the cabinet to abandon the scheme. The country reverted to its original time offset of UTC+06:00 at midnight on 31 December 2009, several months later than initially planned and during the winter season . DST was initially planned to be observed again from 31 March to 31 October in 2010. However, on 22 March 2010,
285-557: The river Jamuna . It is headquartered in Chittagong , Bangladesh . Jamuna Oil is managed by a Board of Directors , a team of 6 executives, all of them are nominated by the Government of Bangladesh . The board is responsible for over all decisions and top policy making body of the company. Managing Director , the Chief Executive of the company is appointed by Bangladesh Petroleum Corporation in addition to approval by
304-450: The stock exchange. Only listed shares are quoted on the stock exchange. A stock exchange facilitates transparency in transactions of listed securities in perfect equality and competitive conditions. Listing is beneficial to the company, to the investor, and to the public at large. The trading indices are DSE Broad Index (DSEX), DSEX Shariah Index (DSES), DSE 30 Index (DS30), CDSET. The bullish market turned bearish during November 2010, with
323-435: Was changed according to IFC on 1 November 1993. The automated trading was initiated on 10 August 1998 and started on 1 January 2001. A central securities depository system was initiated on 24 January 2004. As of 16 November 2009, the benchmark index of the Dhaka Stock Exchange (DSE) crossed 4000 points for the first time, setting another new high at 4148 points. In 2010, the index crossed 8500 points and finally crashed in
342-543: Was divided into the dominions of India and Pakistan . East Bengal , now known as Bangladesh, was part of this division. On 15 September 1951, Dacca Time (DACT) was introduced in East Bengal , which was UTC+06:00 achieved by subtracting 30 minutes from UTC+06:30 . This is the official time zone in use today. On 30 September 1951, Dacca Time was officially implemented in East Bengal. The Power Division of
361-477: Was first incorporated as East Pakistan Stock Exchange Association Ltd on 28 April 1954 and started formal trading in 1956. It was renamed as East Pakistan Stock Exchange Ltd on 23 June 1962. It was again renamed as Dacca Stock Exchange Ltd on 13 May 1964. After the liberation war in 1971 the trading was discontinued for five years. In 1976 trading restarted in Bangladesh, and DSE was started on 16 September 1986. The formula for calculating DSE all share price index
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