Capital market to follow banking sector's ‘lead’ in operating during lockdown

UNB

10th April, 2021 05:01:15 printer

Capital market to follow banking sector's ‘lead’ in operating during lockdown

The capital market will continue its operation in the interest of investors in any situation during the Covid-19 pandemic if the banking activities continue.

The Bangladesh Securities and Exchange Commission (BSEC) said this against the backdrop of the government’s preparation for imposing full lockdown from April 14 next.

A notice posted on the official website of the BSEC said: "[The] capital market will continue operation at [in] the interest of investors in any situation during the pandemic of Covid-19 if the banking activities continue."  

 It said all the transactions in the capital market will continue in the interest of investors and urged the investors not to pay heed to any rumor.

According to sources at the BSEC, if the banks remain open during the lockdown, the capital market will also remain open. This instruction has been given to two stock exchanges -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE).

They said the commission has instructed the DSE to keep the capital market open if banks are open. The capital market will operate utilising smaller shifts and work-from-home facilities.

Earlier, from March 26 to May 31 last year, transactions in the capital market were closed due to the outbreak of Coronavirus pandemic.

 

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