Business activities dull on Eid hangover

Staff Correspondent | Published: 22:19, Sep 04,2017 | Updated: 00:06, Sep 05,2017

 
 

The principal branch of Sonali Bank at Motijheel in Dhaka looks almost vacant with a few employees attending the office and a few clients seeking services at the branch on Monday, the first working day after a three-day Eid-ul-Azha vacation. — New Age photo

Business and economic activities in cities including capital Dhaka remained dull on Monday, the first working day after Eid-ul-Azha vacation, as city dwellers were still in holiday mood.
The government offices, most of the private offices and commercial establishments opened on the day after a three-day holiday on the occasion of Eid-ul-Azha, one of biggest religious festivals for Muslims, with as usual low presence of officials, workers and service seekers.
A good number of officials and employees at Bangladesh Secretariat, banks and financial institutions and private offices were yet to join their workplaces after the Eid which was celebrated on Saturday.
Most of the retail shops, restaurants, shopping malls and kitchen markets, however, remained closed and those which opened on the day experienced a very thin turnout of customers.
Volumes of transaction at banks other financial institutions were also very insignificant with few clients seeking services as the overall economic and commercial activities were yet to get momentum after the vacation.
But the country’s stock market saw a positive vibe on Monday that took the price indices of the Dhaka Stock Exchange to their fresh highs despite a low turnout of individual investors.
DSEX, the key index of the DSE, rose by almost 32 points on the day though the turnover at the bourse declined by 22 per cent from that the previous trading session before the Eid vacation.
Many employees who went their ancestral home to celebrate the festival with their family members took leave for additional few days in addition to the three-day Eid vacation, the first two days of which coincided with weekly holidays.
Some private offices also granted additional one or two days of general leave to their employees to enjoy the Eid.
Employers and traders in Dhaka said that business and economic activities might become normal and vibrant by the end of this week or early next week when most of the people would return to the capital.
The prices of essential commodities at markets remained stable due to a balanced situation with sufficient supply of commodities and lower number of consumers, traders said.
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.

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