The country’s stock markets will resume tomorrow (Monday) after a four-day break, including weekly and bank holidays, officials said.
Trading and settlement activities will remain open for three hours from 10:00 am to 1:00 pm, in line with the banks, during the government-enforced stricter lockdown starting from Thursday.
Trading on the bourses will begin at 10:00 am as usual and continue until 1:00 pm instead of the normal schedule for 10:00 am to 2:30 pm.
Pre-opening and post-closing sessions will be 9:45am to 10:00am and 1:00pm to 1:15pm respectively. The new schedule will be continued until further notice, Dhaka Stock Exchange (DSE) said in a statement.
The Chittagong Stock Exchange (CSE) will also follow the DSE decision, officials said.
The market remained closed on Thursday (July 1) due to a bank holiday. It has been decided to keep the bank closed on Sunday (July 4) in addition to the weekly holidays on Friday and Saturday.
The trading in the capital markets remained closed for these four days in line with the banks as stock trading is related to banking service, said a DSE official.
The bourses also discourage clients from rushing into the brokerage house and encourage more for trading through mobile apps and other internet based devices amid the ongoing situation.
Meanwhile, the bourses performed well on June 30 (Wednesday), the last trading session of the fiscal year 2020-2021 despite the rising trend of virus infections and deaths in the country.
DSEX, the prime index of the DSE, soared 108 points or 1.78 per cent to settle at 6,150, which was the highest in 41-months.
The two other indices - the DS30 index and the DSE Shariah Index (DSES) - also followed suit to close at 2,208 and 1,314 points, after rising 22.55 points and 16.35 points respectively.
Turnover also rose 22 per cent to Tk 14.07 billion on June 30, as against Tk 11.48 billion in the day before.
Of the issues traded, 307 advanced, 41 declined and 23 remained unchanged on the DSE trading floor.
The port city bourse CSE also ended higher with the CSE All Share Price Index - CASPI – soaring 321 points to settle at 17,795 while the Selective Categories Index - CSCX –rising 192 points to finish at 10,695.
Here too, the gainers beat the losers as 247 issues closed higher, 51 dropped and 18 remained unchanged.
The port city bourse traded 29.23 million shares and mutual fund units worth Tk 788 million in turnover on June 30.
Market operators said the regulatory decision to keep the market open amid countrywide strict lockdown and keep the undisclosed money investment opportunity in the capital market had worked behind the rise of the market.
