BSEC lowers circuit breaker limit to 3pc for most listed securities
Dhaka, April 24 -- The securities regulator has reduced the lower limit of the circuit breaker to 3 per cent from 10 per cent for all listed securities, other than six which still have the floor price, to arrest the persistent free-fall of the capital market.
The regular upper 10 per cent limit will remain unchanged for all securities.
To this effect, the Bangladesh Securities and Exchange Commission (BSEC) issued a directive on Wednesday, which will come into effect from Thursday.
This latest regulatory move came against the backdrop of a significant downturn in the prime index of the Dhaka Stock Exchange (DSE), which has plunged 758 points or 12 per cent since the floor price lifted in January this year.
The market of the DSE, calcu...
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