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Saturday, May 11, 2002

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DSE records zero turnover

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THE Delhi Stock Exchange (DSE) today recorded zero turnover for the first time in its 54 years of existence. Not a single transaction was carried out by any of the approximately 200 member-brokers of the exchange.

Exchange officials said that following the launch of a subsidiary company which has taken membership of the BSE, all transactions are routed to the BSE as a result of which the exchange is on the verge of closure.

DSE's turnover has been hovering at less than Rs 1 crore since the beginning of fiscal 2002-03. Earlier this month, the exchange had recorded a turnover of Rs 100 on a particular day.

Historically, DSE recorded the highest turnover of more than Rs 1,200 crore during 1999.

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