Dhaka, Bangladesh
Bourses, all branches of banks reopen Sunday

Capital market returning into life

Bourses, all branches of banks reopen Sunday

News Report: Bangladesh's capital

market is coming back into life from

Sunday to support the reopening

economy as the two bourses and all

branches of banks are to resume

operations on the day.



The country’s two stock exchanges

are directed to resume trading and

settlement on Sunday in line with

the government decision on ending an

around two-month- long general

holiday declared to contain the

coronavirus outbreak in the wake of

the global epidemic.



Bangladesh Securities and Exchange

Commission (BSEC) Thursday approved

the bourses’ plan at a meeting at

BSEC in Dhaka, according to a BSEC

press

release.



"The stock exchanges must comply

with social-distancing-and hygiene

rules

during trading, settlement and

office work," said the release.



As per a press release of the Dhaka

Stock Exchange (DSE), considering

the

interests of investors, DSE will

conduct all transactions from 10:30

am to

1:30 pm from Sunday.



DSE, as well as the brokerage

offices, will follow health-safety

measures

as per the health regulations of the

Health and Family Welfare Ministry.



Both exchanges had their last

trading sessions on March 25, a day

before the veiled lockdown began.



Meanwhile, Bangladesh Bank

instructed all banks to conduct

normal banking activities from

Sunday by maintaining the set

social-

distancing-and health instructions.



“From Sunday, all branches of banks

will remain open for transaction

from

10am to 4pm, but will operate from

10am to 2:30pm in medium-and high-

risk areas,” said a BB circular

Thursday.



In case of the medium- and high-risk

areas, branches of banks can remain

open till 4pm to complete official

tasks.



As per the circular, bank branches

or booths will remain open 24 hours

and

seven days a week in port and

customs- house areas.



In case of limited public transport,

respective banks will have to take

responsibility of transportation for

their officers and staffs, while

social

distancing must be ensured on the

bank premises and offices.

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