DSE set to resume trading from May 10
The Board of Directors of Dhaka Stock Exchange (DSE) has decided to resume trading in the capital market from May 10 after the break due to coronavirus epidemic.
The decision was taken at an informal virtual board meeting of the DSE held on Thursday. The members of the board said that the transaction will be started with the consent of the Bangladesh Securities and Exchange Commission (BSEC).
DSE Director Minhaz Mannan Emon said that the capital market has been closed since March 26 due to coronavirus. Brokers and small investors are the worst sufferers due to the ongoing outbreak. These companies have no income as the transaction is closed, but they have to pay salary to their employees. Besides, small investors are also suffering from a financial crisis.
He added that mistrust was also being created among foreign investors due to the closure of transactions for a long time. Therefore, an informal board meeting of DSE was held on Thursday to launch the transaction.
The director of DSE further said that above all, a decision has been taken to restart the transaction from May 10. Even though the public holiday in coronavirus has increased, the transaction will be started on that day. However, if the situation worsens, it will not be possible to restart the transaction.
Minhaz Mannan Emon also mentioned that the management has been asked to prepare another report considering the overall situation.