DSE, CSE to resume trading May 31

Staff Correspondent

29 May, 2020 12:00 AM printer

Country’s twin bourses --- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) --- will resume trading from 31 May in line with the government's decision to end the stretched general holiday.

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

Earlier on Thursday, Bangladesh Securities and Exchange Commission (BSEC) has allowed to let the stock exchanges resume activities after breaking a long break.

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

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

DSE offices and also the brokerage offices will follow health safety measures at work, he added. The bourses have also instructed all its officials to get ready for trade reopening on May 31.

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

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.