The Bangladesh Securities and Exchange Commission (BSEC) on Wednesday has decided to withdraw the floor prices of 66 companies listed on the stock exchange.
The decision was taken at the 769th meeting of the stock market regulator on the day.
Sources at the BSEC said that the decision was taken in the interest of the investors and development of the country's bourses.
On February 15 earlier this year, the BSEC had decided to reset the floor price for bonus or rights share issuing companies at an adjusted price in the aftermath of their corporate declaration.
The BSEC made the move to revise the floor price after the British American Tobacco Company Bangladesh (BATBC) declared a 200% stock dividend for its shareholders and its then floor price was Tk907 a share.
Earlier on March 19 last year, the BSEC launched a new circuit breaker to halt the free fall that yielded positive outcome in the indexes.
