BSEC sets floor price for share, mutual fund

Bangladesh Securities and Exchange Commission (BSEC) set a floor price for share and mutual fund in a bid to prevent the consecutive fall of share market.

The decision was taken on Thursday – which will be effective from Sunday – as the prime index of Dhaka Stock Exchange, DSEX, went down by 57.49 points at 5,980.51.

Before that, the floor price was imposed on 19 March 2020 to thwart the fall of share market – a time when the DSEX decreased to 3,604. After that, the floor price was lifted gradually between April and June 2021.

Following that the index increased to 7,368 points on 10 October in 2021. But the share market started falling down since the Russian invasion to Ukraine in February last year.