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SEC okays new trading hours of Dhaka, Ctg bourses [ Business ] 2012-05-21
SEC okays new trading hours of Dhaka, Ctg bourses
The Securities and Exchange Commission last week approved a proposal put forward by the country’s two bourses for advancing trading hours by 30 minutes.
In early April, the Dhaka and the Chittagong stock exchanges jointly decided to reschedule trading hours to 10:30am—2:30pm. At present the trading
at the bourses starts at 11:00am and ends at 3:00pm.
The bourses sent the proposal to the SEC on April 17.
The DSE and the CSE decided to reschedule the trading hours as the Dhaka bourse has planned to go for online trading system, said DSE officials.
‘Once the online system is introduced, an early start of trading session will facilitate settlement with the banks,’ a senior DSE official told New Age.  
He said the bourses would announce the date of commencement of the rescheduled trading hours after discussing with the related parties.
He said that the rescheduled timing would help investors who face difficulties in offering prayers and taking lunch.
 

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