The Dhaka Stock Exchange (DSE) Brokers Association has urged the Bangladesh Securities and Exchange Commission (BSEC) to withdraw the floor price imposed on Beximco Ltd and Islami Bank Bangladesh PLC, allowing normal trading of the two stocks.

In a letter sent to the market regulator on May 3, the association called for the immediate removal of the restriction, citing its prolonged impact on trading activities.

According to the letter, Beximco Ltd has remained largely inactive in the stock market due to the floor price, while Islami Bank and other restricted stocks have been stuck at the minimum price limit, limiting opportunities for sellers.

The association warned that continued trading restrictions are pushing many investors into negative equity, particularly those who have taken margin loans from brokerage firms and other intermediaries.

It also noted that the floor price mechanism has created a negative perception of Bangladesh’s capital market among foreign investors, potentially discouraging investment.

The floor price system was introduced in July 2022 to curb excessive market volatility. Although the regulator gradually lifted the restriction in phases, most recently in August last year, Beximco Ltd and Islami Bank Bangladesh remain under the measure.

Earlier, in August 2024, the BSEC removed the floor price from several companies, including Shahjibazar Power, Khulna Power, Meghna Petroleum, and BSRM Limited.