• Thursday, Dec 12, 2019
  • Last Update : 08:40 am

DSE moves to new premises

  • Published at 10:39 pm November 3rd, 2019
DSE Tower
Photo of DSE tower Collected

The DSE Tower will be fully operational after formal inauguration by the prime minister

The headquarters of the country’s premier bourse Dhaka Stock Exchange (DSE) on Sunday shifted to its new permanent premises at Nikunja in the capital.

Meanwhile, the DSE authorities have urged Prime Minister Sheikh Hasina to formally open the new tower.

Head of public relations department Md Shafiqur Rahman has confirmed that on Sunday was their first day at the Nikunja office but the IT, training and publication departments were yet to be shifted. 

They would be moved to the new address within this month.   

The DSE Tower will be fully operational after formal inauguration by the prime minister, he added.

The tower has been set up on 1.33 acres of land while the building measures 7,56,000 square feet.

Apart from the media centre, the tower houses an auditorium with a capacity of 400 people and parking facility for around 400 cars, project director Altamas Karim has told Dhaka Tribune. 

There are three basements that will be used for car parking. The first two floors are for banks and other financial institutions.

The third floor will be exclusively for the use of DSE office. The space from the fourth to the eleventh floor has been allocated for the brokers and part of the twelfth floor is for the auditorium. The thirteenth floor is for Members’ Club.

A top official told Dhaka Tribune that presently about 130/140 TREC holders showed interest to shift their offices to the new building. Gradually, all of them would shift their offices there, he added.

The exchange was incorporated in 1954 and the formal trading started in 1956 in Narayanganj after obtaining the certificate of commencement of business. In 1958 the exchange was shifted to Dhaka and started functioning at the Chamber Building in Motijheel C/A.

On October 1, 1957 the Stock Exchange purchased a land measuring 8.75 katha at 9F Motijheel C/A from the government and shifted there in 1959.

In 1996, the government had allotted 1.33 acres of land and Tk4 crore to the DSE for constructing the tower. The construction started in 2007.

According to the DSE's annual report of 2011-2012, the construction cost of the multi-story building was estimated at Tk132 crore.