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BSEC Lifts Price Restrictions Except Beximco And Islami Bank - BIZDATA INSIGHTS

BSEC Lifts Price Restrictions Except Beximco and Islami Bank

Industry: Stock Market
Company: Beximco Group, Islami Bank Bangladesh Limited (IBBL)
Company Intelligence Tag: Regulatory Insights

The Bangladesh Securities and Exchange Commission (BSEC) lifted price restrictions on all stocks except Beximco and Islami Bank Bangladesh. The lower circuit breaker was increased to 10% from 3%, allowing daily price changes of up to 10% for most stocks.

The BSEC also resolved to take legal action against companies that failed to distribute declared dividends on time. Additionally, the BSEC removed cricketer Shakib Al Hasan as brand ambassador due to controversies and canceled a proposed memorandum of understanding with the National Telecommunication Monitoring Center (NTMC) regarding investor surveillance. These changes were implemented under the new BSEC Chairman Khondoker Rashed Maqsood, following the resignation of Prof Shibli Rubayat-Ul Islam amid recent government shifts.

Source for more details:

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