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Stock trading can continue until 1:30 pm
The Bangladesh Securities and Exchange Commission (BSEC) on Wednesday extended stock trading hours after the government extended the coronavirus lockdown until May 16.
Banks will be allowed to handle transactions until 2:00 pm, while stock trading can continue until 1:30 pm, according to the latest decision.
The decisions will be effective from Thursday at Both Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE).
The authorities of the bourses also requested investors to transact digitally via their phones and online to avoid physical contact of any sort.
Bangladesh Bank issued a notice on the new timings on Wednesday.
Shibli Rubayat-Ul-Islam, chairman of BSEC, confirmed the decision on extending the stock trading hours.
The government had initially decided to keep the banks and the stock exchanges shut during the stricter lockdown that began on Apr 14 following a lighter one.
Later, the central bank and the BSEC announced that the banks and the stock market will open for limited hours.
Until Wednesday, the banks were open from 10:00 am to 1:00 pm for transaction.
To finish the other tasks, they had until 2:30 pm.
Trading on the stock market continued from 10:00 am to 12:30 pm amid the lockdown.
On Wednesday, the Cabinet Division extended the lockdown to May 16, ordering the employees of government, semi-government, autonomous and private organizations, banks and non-bank financial institutions not to leave stations during Eid holidays.
Intra-district and intra-city buses will also be allowed to operate from Thursday, but long-haul inter-district buses, trains and launches will still face the ban.
(DT)
