Market digest

BSEC lifts floor price for all listed cos

Staff Correspondent

18 June, 2021 12:00 AM printer

The Bangladesh Securities and Exchange Commission (BSEC) on Thursday lifted the floor price restriction on shares for all the companies listed on the stock markets.

The stock market regulator issued an order in this regard on the day, saying it took the decision in the interest of investors and the development of the securities market.

Earlier on March 19, 2020, the BSEC introduced the floor price system to bar share prices of listed companies from falling below a certain level amid the COVID-19 outbreak. Before imposing the floor price on March 18, 2020 the main index of the country's main stock market Dhaka Stock Exchange (DSE) fell to 3,600 points.

The DSE index rose to 4,000 points on March 25 as the share price did not fall below the prescribed limit due to the floor price.