DSE proposes to start trading from 10-30 am
Wednesday, 28 April 2010
FE Report
Dhaka Stock Exchange (DSE) has proposed to start trading from 10-30 am instead of 11-00 am for the convenience of investors.
"We have already applied to the Securities and Exchange Commission (SEC) to consider our plea for the betterment of the stock market," a DSE source told the FE Tuesday.
The present trading hour began from October 18 of 2009 in compliance with the revised office hour of commercial banks.
The new office timing for Bangladesh Bank and scheduled banks with offices in Dhaka was effected from 10am to 6pm while the banking transaction hours was made between 10am and 4pm.
The cabinet had approved new office timing for the capital to get rid of severe traffic congestion.
The DSE proposal said a lot of investors have urged the DSE to revise the trading hour as the present time consume a majority time of the day.
When contacted, an SEC official said the regulatory body will consider the issue after getting similar proposal from Chittagong Stock Exchange (CSE).
Meanwhile, DSE has reminded all of its officers and employees that they must abstain from any kind of investment in the capital market to uphold the clean image of the country's premier bourse.
DSE distributed a copy of the circular earlier issued in 2008.
"The SEC told us to remind our officers and employees that they must refrain from any kind of share business. That's why we gave the reminder to our officers and employees. Moreover, as per DSE's own recruitment process, an official or staff of the bourse is restricted to take part in the trading" a DSE official said.
The circular bars all officers and employees of the DSE as well as their spouses, parents and children including adopted, if any, from being involved with any level of trading in the capital market, primary or secondary.
On April 18, the SEC also directed all of its officers and employees to abstain from any kind of share business.
Dhaka Stock Exchange (DSE) has proposed to start trading from 10-30 am instead of 11-00 am for the convenience of investors.
"We have already applied to the Securities and Exchange Commission (SEC) to consider our plea for the betterment of the stock market," a DSE source told the FE Tuesday.
The present trading hour began from October 18 of 2009 in compliance with the revised office hour of commercial banks.
The new office timing for Bangladesh Bank and scheduled banks with offices in Dhaka was effected from 10am to 6pm while the banking transaction hours was made between 10am and 4pm.
The cabinet had approved new office timing for the capital to get rid of severe traffic congestion.
The DSE proposal said a lot of investors have urged the DSE to revise the trading hour as the present time consume a majority time of the day.
When contacted, an SEC official said the regulatory body will consider the issue after getting similar proposal from Chittagong Stock Exchange (CSE).
Meanwhile, DSE has reminded all of its officers and employees that they must abstain from any kind of investment in the capital market to uphold the clean image of the country's premier bourse.
DSE distributed a copy of the circular earlier issued in 2008.
"The SEC told us to remind our officers and employees that they must refrain from any kind of share business. That's why we gave the reminder to our officers and employees. Moreover, as per DSE's own recruitment process, an official or staff of the bourse is restricted to take part in the trading" a DSE official said.
The circular bars all officers and employees of the DSE as well as their spouses, parents and children including adopted, if any, from being involved with any level of trading in the capital market, primary or secondary.
On April 18, the SEC also directed all of its officers and employees to abstain from any kind of share business.