Investors slam DSE for extra holidays
Sunday, 27 September 2009
FE Report
Trading on the Dhaka Stock Exchange (DSE) resumes today (Sunday) after a nine-day holiday on account of Eid-ul-Fitr.
The holiday was prolonged as it had been sandwiched between four-day weekly holidays and two days extra vacation.
Investors have seriously criticized the DSE management for its 'whimsical decision' on keeping the bourse closed for extra two days on Wednesday and Thursday last.
"The Securities and Exchange Commission (SEC) should seek explanation from DSE on which ground the bourse kept the trading closed for extra two days when all the banks and government offices remained open on those days," engineer Ekhlasur Rahman, an investor demanded.
The government exchequer was deprived of a minimum amount of Tk 2.5 million in two days as tax at source due to non-trading.
"The government gets Tk 2500 as tax at source in a Tk ten million trade," according to the DSE insiders.
The daily average trading on the DSE hovers between Tk 5.0 billion and Tk 6.0 billion in recent days.
"So SEC should ask the DSE to consider the revenue deposited from the growing stock market operation," another investor told the FE.
The trading, however will again remain suspended tomorrow (Monday) on account of Durga Puja, also a public holiday.
Trading on the Dhaka Stock Exchange (DSE) resumes today (Sunday) after a nine-day holiday on account of Eid-ul-Fitr.
The holiday was prolonged as it had been sandwiched between four-day weekly holidays and two days extra vacation.
Investors have seriously criticized the DSE management for its 'whimsical decision' on keeping the bourse closed for extra two days on Wednesday and Thursday last.
"The Securities and Exchange Commission (SEC) should seek explanation from DSE on which ground the bourse kept the trading closed for extra two days when all the banks and government offices remained open on those days," engineer Ekhlasur Rahman, an investor demanded.
The government exchequer was deprived of a minimum amount of Tk 2.5 million in two days as tax at source due to non-trading.
"The government gets Tk 2500 as tax at source in a Tk ten million trade," according to the DSE insiders.
The daily average trading on the DSE hovers between Tk 5.0 billion and Tk 6.0 billion in recent days.
"So SEC should ask the DSE to consider the revenue deposited from the growing stock market operation," another investor told the FE.
The trading, however will again remain suspended tomorrow (Monday) on account of Durga Puja, also a public holiday.