• Monday, Jul 13, 2020
  • Last Update : 07:50 pm

Country's bourses to reopen Sunday

  • Published at 05:17 pm May 28th, 2020
web-DSE-File photo of Dhaka Stock Exchange Limited
File photo of Dhaka Stock Exchange Limited Mehedi Hasan/Dhaka Tribune

From Sunday, trading in both the bourses will take place from 10:30am to 1:30pm without any break instead of the regular trading hours from 10:30am to 2:30pm

Upon receiving the approval from Bangladesh Securities and Exchanges Commission (BSEC), Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) on Thursday decided to resume share trading from Sunday, after a 66-day break due to the Covid-19 pandemic. 

The decision was taken at a BSEC commission meeting presided by its new chairman Prof Shibli Rubayat Ul Islam on the day, said a statement issued by the securities market regulator.

From Sunday, trading in both the stock exchanges will take place from 10:30am to 1:30pm without any break instead of the regular trading hours from 10:30am to 2:30pm.

DSE issued a press release in this regard on the day, while CSE chairman Asif Ibrahim also confirmed the matter to Dhaka Tribune.

The BSEC did not fix a date when transactions may resume, as they left that decision up to the DSE and CSE authorities.

It was the first commission meeting of the newly appointed chairman, as well as its two commissioners. 

The two stock exchanges remained closed since March 26, as the government announced general holidays as part of its efforts to contain the spread of the novel virus. 

The DSE key index lost 683 points, wiping out market capitalization of Tk44,000 crore as of March 18 since Bangladesh confirmed the first three cases of coronavirus outbreak on March 8.

On March 19, BSEC launched a new circuit breaker to halt the free-fall that yielded positive outcome in the indexes.

The new emergency circuit breaker rule was set so that the prices of securities do not go below their average prices from the previous five sessions – from March 19.  

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