Bangladesh Securities and Exchange Commission on Monday removed floor price restrictions on shares of Bangladesh Export Import Company (BEXIMCO) and Islami Bank Bangladesh PLC after near four years.
BSEC issued an order in this regard on the day.
The floor price mechanism was introduced in July 28, 2022 to prevent excessive market declines amid the beginning of Russia-Ukraine war.
Later, in December 2022, the commission set downward price change limit (circuit breaker) for 169 companies at 1 per cent based on the reference price/previous day’s closing price.
The regulator lifted floor prices in phases, with the final round in August 2024, leaving only Beximco and Islami Bank under the restriction.
Beximco Ltd’s shares trading price was Tk 110.10 each, the price stuck at the level for years. Islami Bank’s shares closed at Tk 32.6 each.
