DSE trading delayed for the second day

Trading at the Dhaka Stock Exchange (DSE) has been delayed for the second day due to technical problems at its server.

On Monday, trading at the stock market commenced almost two hours late at 12:15pm against the scheduled time at 10:30am.

 DSE Deputy General Manager Shafiqur Rahman told bdnews24.com, “Since the market was delayed in opening, trading would continue till 4:15pm. “

He said the server suffered an error just like it did on Sunday.

“In the morning, brokers send the information on trading and matured shares to the main server. But the server was unable to coordinate the data today resulting in trading being put on hold.”

However, Chittagong Stock Exchange ran smoothly like yesterday, he said.

Generally trading at the stock market commences at 10:30am and ends at 2:30pm.

However, on Sunday the server malfunction delayed the opening time to 2:20pm . It remained open until 4pm.

After an hour and forty minutes of trade, the total DSEX Index increased to 4,485 points and a total of Tk 3.43 bn worth of shares were traded.

DSE official Nizam U Ahmed said that every morning brokers send data to the main server.  Some of them are investment data, amount of matured money on BO accounts and quantity of matured shares.

“If someone has matured money he can buy shares with it, and if someone has matured shares he can sell them off. If we had begun trading before these data were coordinated with the server, then everyone wouldn’t have got equal opportunity.”

This is the reason why trading was delayed in starting for the last two days, said Ahmed.