B Mirror Report: The Bangladesh Securities and Exchange Commission (BSEC) has decided to withdraw the floor price imposed on the shares of Islami Bank Bangladesh PLC and Beximco Limited, marking a significant step toward restoring normal market operations in the country’s capital market.

According to sources, the decision was taken at a special commission meeting held on Monday morning and will take effect from Tuesday, June 9, 2026. Confirming the development, BSEC Executive Director and spokesperson Abul Kalam said the commission would issue an official order on Monday.

“BSEC has withdrawn the floor price on the shares of Islami Bank and Beximco. Trading in these shares will take place without any floor price restriction from Tuesday,” he said. Prior to the decision, the floor price stood at Tk 110.10 per share for Beximco and Tk 32.60 per share for Islami Bank.

The BSEC spokesperson noted that imposing floor prices in the secondary market is not considered an international standard practice. He explained that share prices should be determined by market forces, namely investor demand and supply, rather than by artificial price restrictions. “Setting a minimum price limit is contrary to the natural dynamics of the market.

The decision has been taken as part of efforts to align Bangladesh’s capital market with global practices,” he added. A floor price represents the minimum level below which a stock’s price cannot fall. The mechanism was introduced by the BSEC on March 19, 2020, during the onset of the COVID-19 pandemic, to prevent excessive market volatility and sharp declines in share prices.

Over the past few years, the regulator gradually removed floor price restrictions from most listed companies. The latest major withdrawal before Monday’s decision came on August 28, 2024, when floor prices were lifted for Khulna Power, Shahjibazar Power, BSRM Limited, and Meghna Petroleum.

However, the restrictions on Islami Bank and Beximco shares remained in place until the latest commission decision. Market analysts believe the removal of the remaining floor prices will allow more transparent price discovery and improve liquidity in the secondary market.