The Bangladesh Securities and Exchange Commission, or BSEC, has scrapped the minimum fixed price or floor prices on shares in stock markets after one and a half years. All stocks, except those of 35 companies, will no longer have a minimum price from Sunday. Of these, 357 no longer have a floor price. No special instructions have been given regarding the circuit breaker share prices for these companies, so the maximum limit will remain 10 percent. However, no clear explanation was given for why minimum prices were maintained for 35 companies.

Source: bd News24 January 18, 2024 22:51 UTC