Banks are closed, so the stock markets
BI Report || BusinessInsider
The Bangladesh Securities and Exchange Commission (BSEC) has decided to shut down the country’s stock markets till the nationwide lockdown remains in force
The Bangladesh Securities and Exchange Commission (BSEC) has decided to shut down the country’s stock markets till the nationwide lockdown remains in force.
The move came minutes after the Bangladesh Bank on Monday announced to suspend the normal banking activities for a week.
A seven-day nationwide lockdown will be in force in the country from Wednesday to April 21 to contain the spread of the coronavirus pandemic.
“There will be no share trading until the banking activities resume,” BSEC spokesperson Mohammad Rezaul Karim told the Business Insider Bangladesh.
Last year, share trading had been suspended on the bourses from March 26 to May 30 due to the outbreak of the Covid-19 pandemic following the general public holiday declared by the government to curb the coronavirus.