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Bourses shutdown extended till April 11

  • Published at 02:31 pm April 2nd, 2020
web-DSE-File photo of Dhaka Stock Exchange Limited
File photo of Dhaka Stock Exchange Limited Mehedi Hasan/Dhaka Tribune

The government extended the general holiday for all public and private offices from April 5 to April 11

Bangladesh’s bourses, Dhaka and Chittagong Stock Exchanges, have extended the ongoing shutdown till April 11.

Earlier, the bourses announced the closure of all trading and official activities from March 26 to April 4. 

A statement issued by Dhaka Stock Exchange (DSE) on Thursday said their trading and official activities will remain closed from April 5 to April 11, including weekly holiday, in line with the government holiday.

The Chittagong Stock Exchange (CSE), will also remain closed during this period.

The government on Wednesday issued a circular, extending the general holiday for all public and private offices from April 5 to April 11, including weekly holiday.

Earlier, the government declared closure of all public and private offices from March 26 to April 4 as part of its efforts to contain the spread of novel coronavirus.

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

To tackle the free-fall of stocks prices, Dhaka and Chittagong Stock Exchange cut trading hour by one hour.

On March 19, the stock market regulator, Bangladesh Securities and Exchange Commission launched new circuit breaker to halt the free-fall that yielded positive outcome in the indexes.

They also set a floor price for every stock to keep the market buoyant. 

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.