BSEC lifts floor price for 23 more stocks

Bangladesh Securities and Exchange Commission (BSEC) has removed the floor price for 23 more stocks.

However, the floor price will still be applicable to 12 companies, according to an order of the BSEC issued on Monday.

Baraka Power, Bangladesh Submarine Cable Company, BSRM Steels, Confidence Cement, DBH Finance, Doreen Power, Envoy Textile, HR Textile, IDLC Finance, Index Agro, KDS Accessories, Kattali Textile, Malek Spinning, National Housing Finance, National Polymer, Padma Oil, Saiham Cotton, Shasha Denim, Sonali Paper, Sonar Bangla Insurance, Shinepukur Ceramics, Summit Power and United Power shares will be in regular trading from Tuesday, reports BSS.

Anwar Galvanising, British American Tobacco Company Bangladesh, Beximco Limited, BSRM Limited, Grameenphone, Islami Bank, Khulna Power, Meghna Petroleum, Orion Pharma, Renata, Robi Axiata and Shahjibazar Power Company shares cannot go beyond the floor price.

The BSEC imposed the floor price on 28 August 2022 and withdrew it for all but 35 stocks on Thursday.