The Dhaka Stock Exchange (DSE) has introduced a new trading rule for two non-bank financial institutions, effective Sunday, November 9, allowing share prices to move in 1-paisa increments instead of the previous 10-paisa minimum.

The two companies affected are FAS Finance and Investment Limited and International Leasing and Financial Services Limited. This change comes after their closing prices fell to 90 paisa last Thursday, triggering the application of the new “tick size” rule.

In today’s trading, FAS Finance shares dropped 10% from 90 paisa to 81 paisa, while International Leasing shares fell about 7% to 84 paisa by 11 a.m. According to the new rule, the closing prices will remain fixed at the end of the trading day. If prices rise above Tk 1, they will be rounded down to Tk 1 at day’s close. From the next trading session, shares will revert to the old 10-paisa tick size.

Earlier, on October 29, Premier Leasing and Finance Limited and Fareast Finance and Investment Limited also began trading under the new rule, making it a total of four companies currently using the 1-paisa tick size.

This adjustment addresses issues with trading shares priced below Tk 1, which previously stalled under the old 10-paisa tick size, as even a small 10% price movement could not be implemented without violating circuit breaker limits.

The DSE had communicated the rule change to the Bangladesh Securities and Exchange Commission (BSEC) on October 16 and informed investors through its website. The move now allows precise pricing for shares trading below Tk 1, enabling smoother transactions in the market.