Demand is getting stronger for reopening the capital marker before the imminent Eid-ul-Fitr as investors have been passing a critical time amid the ongoing shutdown due to the Covid-19 pandemic.
Market analysts said the country's capital market has been volatile for most of the time in the current year. The corona crisis has added to the liquidity and confidence crisis among investors, they mentioned.
Although the government has taken various measures to keep the market buoyant the closure of the market has stopped the main earning of many investors.
As a result, many investors are living an extremely miserable life with their families as the stock market is the main source of income for many of them, analysts mentioned.
So, the concerned people including the investors have demanded starting trading in the capital market before the imminent Eid. The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) have remained closed since March 26 in line with the government's general holiday aimed at stopping the spread of the virus.
The longest closure of the stock market after the Liberation War would hurt the image of the market, according to analysts.
President of Bangladesh Capital Market Investors Unity Council Mizanur Rashid Chowdhury said, “We have been facing tough time amid the Covid-19 pandemic..”
“If the market is reopened, we would sell the shares to get money for our families as we don't have food in our houses,” he said.
“We are living a helpless life with our families,”
he said adding, “I am demanding for starting trading in the capital market before the Eid.
Eminent economist and market expert Prof Abu Ahmed told The Bangladesh Post, “When all the stock markets are open across the world, the closure of our market would give a negative signal to the investors.”
The market should resume operations as early as possible as the investors cannot trade and sell their shares to manage their daily expenses as it is the main source of income to many of them, he added.
He said investors are in severe financial crisis due to the shutdown.
Therefore, the government should start trading in the capital market thinking of the interests of the investors, he added.