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Share trading through DSE mobile app continued to rise as the number of active users of the application exceeded 45,000-mark in May.
The Dhaka Stock Exchange (DSE) on March 9, 2016 launched the mobile-based share trading app. The app is available on Google Play Store and offers features to help users track the indices and get market and company information.
The app’s features include market and trading statistics in real time, company information, portfolio information and company news.
The number of active users of the DSE mobile application increased to 45,452 as of May 29, 2019 from that of around 39,343 on December 31, 2018.
During the past five months January to May, DSE added 6,109 mobile app users.
The investors using DSE mobile app placed above 4.20 million orders in the fiscal year (FY) 2017-18. Of those orders, above 2.7 million were executed, the DSE data shows.
An executive of DSE said, the prime bourse is trying to facilitate investors through best uses of technology as investors’ interest to DSE mobile app is gaining momentum.
Market experts, however, said the number of users of the app was insignificant compared with the number of beneficiary owners’ accounts.
According to the Central Depository Bangladesh Limited (CDBL), which preserves electronic data of all individual and institutional investors, the total number of active BO accounts is 2,845,026 as of May 30.
The existing transaction system does not provide instant account related information without making any call to a traders, the DSE mobile app gave that comfort to investors.
Considering the fact, the bourse is optimistic that the application will be popular gradually, the DSE official said.