Banks and Stock Markets to Open Tomorrow

Bangladesh Bank and Bangladesh Securities and Exchange Commission (BSEC) logo || Photo: Collected

Bangladesh Bank and Bangladesh Securities and Exchange Commission (BSEC) logo || Photo: Collected

After being closed for four days, banking and stock market transactions will start from Monday (July 5). Bank transactions will continue daily from 10 am to 1:30 pm till Wednesday (July 7). However, the ancillary work of the bank will continue till three in the afternoon.

On the other hand, the schedule of stock market transactions has also been changed to keep pace with the banks. Normally, the stock market will be open from 10 am to 2.30 pm, but according to the new schedule, the transaction will be from 10 am to 1 pm every day from Monday to Wednesday. At this time only digital transactions will continue. No investor can physically attend any institution.

Banks and stock markets have been closed for four consecutive days from July 1 to July 4 due to restrictions announced by the government to prevent coronavirus infection. As the bank is on holiday on Thursday, July 1, the capital market is closed along with the bank. Due to the weekly holiday between Friday and Saturday, there was no opportunity for any transaction on these two days.

On the other hand, Bangladesh Bank and the Securities and Exchange Commission (BSEC), two regulatory bodies, decided to close banks and stock markets on Sunday due to strict government restrictions.

Bangladesh Bank and Bangladesh Securities and Exchange Commission (BSEC), the regulator of  Stock Markets, have issued two separate notifications to close banks and stock markets for four consecutive days and reduce transaction schedules.

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