The Financial Express

Trading starts at 2:00pm on new circuit breaker

DSEX jumps 312 points within 10 minutes

FE ONLINE REPORT | Published: March 19, 2020 14:34:38 | Updated: March 21, 2020 12:40:15

Trading starts at 2:00pm on new circuit breaker

Trading at both the bourses started at 2:00pm on Thursday — a three hours delay that resulted from setting emergency circuit breaks on stock prices.

It will continue until 2:30pm today.

According to the new circuit breaker, the opening price of any listed security shall be set at the average of the closing price of immediately preceding five trading days of March 19, 2020.

This average price calculated for each security shall be considered as the floor price and the lowest limit of the circuit breaker.

The upper limit of the circuit breaker and other conditions shall remain unchanged. This order shall have effect from today and shall remain in force until further order.

Due to the new circuit breaker, DSEX jumped 312 points within 10 minutes of trading.

DSEX, the prime index of the DSE, went up by 312 points or 8.68 per cent to stand at 3916 points at 2:10pm.

Two other indices also saw an upturn till then.

Of them, DS30 index, comprising blue chips, rose 117 points to reach 1,321 and DSE Shariah Index gained 70 points to stand at 905 points till then.

Turnover, an important indicator of the market, stood at Tk 326 million on the main bourse when the report was filed at 2:10pm.

Of the issues traded till then, 96 advanced, 38 declined and 130 remained unchanged on the DSE trading floor.


Share if you like