Finance
Stock Exchange Lockdown: Trading in the stock market to remain closed
Dhaka, April 13: The Bangladesh Securities and Exchange Commission (BSEC), the regulator of the capital market, has decided to stop trading in the stock market as well.
According to the BSEC decision, the stock market will remain closed for as long as the bank is closed. Mohammad Rezaul Karim, executive director and spokesman for the regulator, confirmed the matter.
The government has issued a notification imposing eight-day restrictions from April 14 to 21 as coronavirus infections are increasing at an alarming rate. In view of this, Bangladesh Bank has announced to stop the transaction of the bank from 14 to 21 April. However, ATM booths and internet banking services will continue.
After the decision of Bangladesh Bank, BSEC Executive Director Mohammad Rezaul Karim was contacted and told Jago News, "Our decision was that if the bank is open, transactions in the stock market will continue." If the bank is closed, there is no opportunity to continue trading in the stock market.
He said, "Banks need to be open for settling transactions in the stock market. So as long as the bank is closed, the stock market transactions will be closed. If the bank is opened, transactions will also be introduced in the stock market. Necessary instructions will be given to the two stock exchanges in this regard. However, trading will continue in the stock market on Tuesday.
