BSEC removes floor price on Beximco and Islami Bank shares
The new rule will take effect from tomorrow (9 June), allowing stocks of both companies to trade freely without any minimum price limit
The floor price restrictions on listed companies Beximco Limited and Islami Bank Bangladesh PLC have been withdrawn, marking a significant step toward restoring normal trading activity in the stock market.
The decision was taken by the Bangladesh Securities and Exchange Commission (BSEC) in a special commission meeting today (8 June). A circular has also been issued in this regard.
The new rule will take effect from tomorrow (9 June), allowing stocks of both companies to trade freely without any minimum price limit.
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Confirming the matter to The Business Standard, BSEC Executive Director and spokesperson Abu Kalam said trading will resume without price restrictions from tomorrow.
Until the decision, Beximco's floor price stood at Tk110.10 per share, while Islami Bank's floor price was Tk32.60 per share.
BSEC introduced floor prices in two phases, first in March 2020 during the Covid-19 crisis and again in July 2022 amid global economic pressure.
While the move helped contain market volatility, it also left many stocks stuck at their minimum prices, sharply reducing trading activity, liquidity, and normal price discovery.
From January 2024, the regulator began gradually withdrawing the restrictions, and by August 2024, only Beximco Limited and Islami Bank remained under the floor price system.
Market analysts see the move as part of a broader effort to normalise price discovery and improve liquidity in the capital market, which had remained constrained under long-standing floor price restrictions.
