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The Dhaka Stock Exchange (DSE) on Monday announced that the stock market will remain open for normal trading on two upcoming Saturdays—17 May and 24 May—prior to the Eid-ul-Azha holidays.
Despite Saturdays being regular weekly holidays, this move comes in light of the extended break for Eid, reports UNB.
According to the DSE, the stock market will observe a 10-day closure from 5 June to 14 June, aligning with the government-declared public holidays and the usual weekend closures.
The government has declared 11 and 12 June as official holidays, while 13 and 14 June fall on Friday and Saturday, respectively, which are already non-working days.
In a related development, the Department of Off-site Supervision (DOS) of Bangladesh Bank has directed that all scheduled banks across the country will also remain open on the same two Saturdays—17 May and 24 May—as the stock market.
While banks and the stock market will remain closed on 11 and 12 June in accordance with the government declaration, Bangladesh Bank has clarified that bank branches, sub-branches, and booths located in port and customs areas, including sea, land and airports, will remain operational 24/7 throughout the week, except on Eid day itself.
This ensures uninterrupted banking services in vital economic zones during the holiday period.
The extended holiday and adjusted working days are aimed at facilitating both investors and financial institutions while accommodating the religious and cultural significance of Eid-ul-Azha.