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Coronavirus: Country's bourses to remain closed till April 25

  • Published at 01:25 pm April 11th, 2020
web-DSE-File photo of Dhaka Stock Exchange Limited
File photo of Dhaka Stock Exchange Limited Mehedi Hasan/Dhaka Tribune

Earlier, the bourses extended the closure of all activities till April 14

The county's twin bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- have extended their ongoing closure till April 25, in accordance with the extended public holidays declared by the government.

The bourses declared their decisions to keep stock markets closed in separate statements on Saturday.

The statements said that their activities will remain closed till April 25, mirroring the government shutdown. 

Earlier, the bourses announced the closure of all activities from March 26 to April 4. Afterwards, the closure was extended to April 14.

On Friday, the government issued a circular extending the general holiday for all public and private offices to April 25 with weekly holidays to help prevent the spread of coronavirus in the country and encourage people to be at home and maintain social distancing.

On March 26, the government first introduced a 10-day shutdown till April 4, which was later extended in phases. 

The benchmark index of the Dhaka Stock Exchange (DSE) lost 683 points between March 8 and March 18, wiping out market capitalization of Tk44,000 crore in seven days of trading, following the first confirmed case of coronavirus infection in the country on March 8.

To tackle the free fall of stock prices, Dhaka and Chittagong Stock Exchanges cut trading hours by one hour on March 18.