Business remains dull amid Eid hangover

Staff Correspondent | Published: 22:15, Jun 28,2017

 
 

Two clients are seen at a branch of a bank in Dhaka on Wednesday, the first work day after Eid holidays. Business activities in Dhaka remained dull and were still in a holiday mood on the day. — New Age photo

Business activities in cities including Dhaka remained depressing and were still in a holiday mood on Wednesday though the government and private offices opened after three-day Eid vacation.
Most of the retail shops, malls, kitchen markets and other commercial establishments were yet to get the momentum in business activities after the vacation as turnout of consumers was negligible while many of them had still been away to celebrate the Eid with their families in ancestral homes.
Presence of officials and employees at Bangladesh secretariat, banks and financial institutions and private offices was also very thin as many people were yet to join at their workplaces after the Eid which was celebrated on Monday.
A large number of shops, kitchen markets and other business establishments in Dhaka were found closed or empty on Wednesday, the first working day after the Eid vacation that included two days weekend holiday.
Shops and other business establishments which remained open during the vacation or reopened had very low number of consumers on the day.
Transactions at banks were also very insignificant with few clients. But the country’s stock markets experienced a good amount of turnover which took the price indices upward despite low presence of individual share traders.
Streets in Dhaka city had a very thin traffic on the day.
Bank officials and traders said that business and financial activities might become normal and vibrant from Sunday as a large number of people who took additional days’ leave will return in Dhaka by this time.
Businesses will go for operation in full-swing from Sunday, they said.
Prices of essential commodities at markets remained stable due to a balanced situation in supply and demand sides, traders said.
They said that there was no shortage of commodities at kitchen markets which experienced low number of consumers.
Restaurants and fast-food shops close to leisure spots across Dhaka, however, saw
good business as city dwellers visited the places with family members and friends during the vacation.
The Eid holidays began on June 25, but people enjoyed an additional vacation from June 23 as the two days were weekends. 

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