Bangladesh changes stock trading hours in line with power-saving measure

| Updated:
Aug 23, 2022 3:05:25 p.m.

Stock market trading hours have been changed to reflect bank and government office working hours as Bangladesh faces an energy crisis.

From Wednesday, the country’s two exchanges will start trading at 9:30 a.m. and end at 1:50 p.m. and the post-close session will continue until 2:00 p.m., said Md Rezaul Karim, spokesperson for the Bangladesh Securities and Exchange Commission. on Tuesday.

The market previously started at 10 a.m. and closed at 2:30 p.m.,

The duration of the post-closing session has been reduced from 15 minutes to 10 minutes.

According to government orders, banks will be open for transactions from 9 a.m. to 3 p.m., starting Wednesday. BSEC has changed the stock market trading hours accordingly.

On Monday, Bangladesh announced it was reducing working hours in government offices, self-governing institutions and banks from Wednesday.

Government offices and autonomous institutions will be open from 8 a.m. to 3 p.m. instead of the usual 9 a.m. to 5 p.m.

Schools and other educational institutions will also have a two-day break to save energy.

Bangladesh faces an energy crisis amid global market volatility due to the Russian-Ukrainian war and the depreciation of the taka against the dollar.

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