The share price will not fall more than 3 percent in a day

The stock market regulator has changed price limits in an attempt to slow the fall in shares. From now on, shares of companies listed in the capital market cannot fall by more than 3 percent based on the previous day’s closing price. Earlier it was 10 percent.

Today Wednesday, the stock market regulatory body Bangladesh Securities and Exchange Commission (BSEC) has issued an order regarding this.

However, the upper limit i.e. the limit of increase in the price of a share has been kept unchanged at 10 percent.

BSEC said that this order will be effective from tomorrow.

BSEC said that the new order will not apply to shares which are covered by the floor price.

Earlier, at the end of July 2022, the BSEC had fixed the floor price of each share to prevent free fall of market indices amid global economic uncertainty. The floor price was the average of the closing prices on July 28, 2022 and the previous four days.

At present floor price is effective for Beximco, Islami Bank Bangladesh, Khulna Power Company, Meghna Petroleum and Shahjibazar Power Company.

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