Sunday, April 11, 2021

If the bank is open in lockdown, transactions will also continue in the stock market




The government is preparing for a week-long strict lockdown from April 14 to prevent coronavirus infection. If the bank is open in that lockdown, the trading in the stock market will also be active. The decision has already been taken by the Bangladesh Securities and Exchange Commission (BSEC).


Mohammad Rezaul Karim, a spokesman for the company, said in a written statement on the issue today, "All banking transactions will continue in the interest of investors if banking activities continue during the all-out lockdown, including the Covid-19 epidemic."


Last Saturday, the government announced a one-week ban on coronavirus infection. Even then, the BSEC said, if the bank is open, the stock market will also be open. After that, when the transaction time of the bank was reduced due to government restrictions, the share market transaction was also reduced to two hours in coordination with it.


Earlier, the BSEC issued an emergency notification on March 22 to stop the market from collapsing due to rumors of a lockdown. It was said that if the activities of the bank were going on at any time during the Coronavirus period, the trading in the stock market would also continue. Therefore, the regulator requested investors not to listen to any rumors in this regard.


When the government declared a general holiday from March 26 last year due to the epidemic, the trading in the stock market was declared closed. At that time, the stock market was closed for 7 consecutive days. After that long holiday, the transaction was resumed from May 31.


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