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Trading on the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) resumes today (Sunday) after a week-long Eid break.
The bourse remained closed for nine days since March 28, including weekly holidays and special holiday on the occasion of Eid-ul-Fitr, the largest religious festival of the Muslims.
Trading on the bourses will begin at 10:00 am as usual and continue until 2:30 pm, including a 10-minute post-closing session.
Dhaka stocks closed higher on March 27, the last session before Eid holidays, as investors showed buying interest in selective stocks with short-term growth potential.
The benchmark index of the DSE rose by 4.95 points to settle at 5,219. The turnover, however, dropped 18 per cent to Tk 3.15 billion.
The Chittagong Stock Exchange (CSE), however, edged lower with the CSE All Share Price Index - CASPI -losing 16 points to 14,541 and the Selective Categories Index - CSCX -shedding 11 points to 8,842 on March 27.
Meanwhile, there are fresh concerns after the Trump administration's announcement of sweeping tariffs on imports from across the world, including Bangladesh.
The US on Wednesday slapped a 37 per cent tariff on imports from Bangladesh as part of Trump's "reciprocal tariff" policy. At present, the US tariff on Bangladeshi goods is 15 per cent.
Higher import duties on Bangladeshi products may hurt exports and the profitability of export-oriented listed firms, said market operators.
The Dhaka Stock Exchange (DSE) has 58 listed garment and textile companies, a large portion of which are export-oriented. A handful of good performers of the 34 listed pharmaceuticals export medicines to the US.
The export-oriented companies will now be affected by the higher import duty, which will in turn impact stock market investments.
Global stocks tumbled for a second day on Friday as US's sweeping tariffs led to fears about a global recession, compounded after China said it would impose additional levies of 34 per cent on American goods.
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