Bourses extend trading time by 30 minutes
From now on, share trading will continue from 10am to 2:30pm instead of 10:30am to 2:30pm earlier
The country's both bourses–Dhaka Stock Exchange and Chittagong Stock Exchange–have set a new schedule of trading hours as the market moved on a positive trend for the last ten days.
From now on, share trading will continue from 10am to 2:30pm instead of 10:30am to 2:30pm earlier.
A source at the DSE said that the Bangladesh Bank has recently declared the expansionary monetary policy, expecting that the increased money flow would help revive the economy from the Covid-19 fallout.
Investors expect that banks and financial institutions will invest in the capital market to get higher profits in the coming days. That is why stock exchanges' trading schedule has been extended by half an hour, he added.
The central bank has set a target for moderate inflation, higher domestic and private sector credit growth and lower public credit growth, meant for supportive money flow to the economy.
Investors have appreciated the bank rate reduction by 100 basis points.
