DSE to triple number of stock branches to 1000 by 2010-end

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FE Report
Dhaka Stock Exchange would expand its brokerage services to almost every district and high growth centers of the country by end of 2010 in an effort to pull in more investors to the capital market, its chief said Sunday.
Md. Rakibur Rahman said the DSE had 381 branches till the end of October this year, but the country's premier bourse would like to triple the
number to around 1000 by December next year.
"We have already sent letters to all our members seeking applications to open stock branches at the district level and other high growth areas across the country," he told the FE.
"Already some members have responded positively to our call," he said, adding a proposal to raise the number of stock branches have been sent to the Securities and Exchange Commission (SEC) for approval.
SEC chief Ziaul Haq Khandaker admitted that they received the proposal but authorities haven't yet taken any decision.
The DSE president said hundreds of thousands of people outside Dhaka now trade shares every day, making the DSE more vibrant than ever, boosting its growth and bolstering investors' sentiment.
He said opening of more stock branches would make the DSE trading floor accessible to every prospective investor in the country. "We want every Bangladeshi to enjoy the fruits of the booming capital market."
DSE has so far approved 381 stock branches in Dhaka and outside the capital. But officials could not give specific figures as to where they are located.