Order Amending Guidelines for Regulating Share Price Movement

No.SEC/CMRRCD/2001-07/307 Dated: 11 th May 2004 ORDER Whereas, in the interest of the investors in securities and the capital market, it has been considered to be expedient that further amendments should be made in the Commission’s Orders issued to the Dhaka Stock Exchange Ltd. and the Chittagong Stock Exchange Ltd. concerning the ‘Guidelines for Regulating the Share Price Movement in the Stock Exchange Tradings’; Now, therefore, in exercise of the power conferred by section 34, sub-section (4) of the Securities and Exchange Ordinance, 1969 (XVII of 1969), the Securities and Exchange Commission hereby directs the Dhaka Stock Exchange Ltd. and the Chittagong Stock Exchange Ltd. to make the following further amendments in the said Guidelines which shall be effective from the first trading day commencing on the 15 th May 2004, namely:- “I. In the said Guidelines, under ‘A’-The Guidelines, after serial No. 1, the following new serial No. 1.1 shall be added which shall be applicable for ‘B’ and ‘G’-category companies only, as mentioned in the Settlement of Stock Exchange Transactions Regulations, 1998 of both the Dhaka Stock Exchange Ltd. and the Chittagong Stock Exchange Ltd.t QUOTE
1.1 . Standard upward and downward price limits over the previous day’s market price
applicable for ‘B’ and ‘G’-category companies for each market day :- Previous day’s per share market price Limits
01. Upto Tk. 200 20% (Twenty Percent) but not exceeding Tk. 35.
02. Tk 201 to Tk. 500 17.5% (Seventeen Point Five Percent) but not exceeding
Tk 75.
03. Tk. 501 to Tk. 1000 15% (Fifteen Percent) but not exceeding Tk. 125.
04. Tk. 1001 to Tk. 2000 12.5% (Twelve Point Five Percent) but not exceeding Tk.
200.
05. Tk 2001 to Tk. 5000 10% (Ten Percent) but not exceeding Tk. 375.
06. Tk. 5001 and above 7.5% (Seven Point Five Percent) but not exceeding Tk.
600.
UNQUOTE
II. The following limits prescribed at existing serial No. 1 of the Commission’s Orders No.
SEC/SRMID/96-01/1126 and No. SEC/SRMID/96-01/1127 both dated 2 nd October 2001

shall, however, continue to remain applicable for ‘A’-category companies only, as mentioned in the Settlement of Stock Exchange Transactions Regulations, 1998 of both the said exchanges:
QUOTE
1. Standard upward and downward price limits over the previous day’s market price
applicable for ‘A’-category companies only for each market day:- Previous day’s per share market price Limits
01. Upto Tk. 100 15% (Fifteen Percent) but not exceeding Tk. 12.
02. Above Tk. 100 upto Tk. 300 10% (Ten Percent) but not exceeding Tk 20.
03. Above Tk. 300 upto Tk.500 7.5% (Seven Point Five Percent) but not
exceeding Tk. 30.
04. Above Tk. 500 upto Tk. 1000 5% (Five Percent) but not exceeding Tk. 40.
05. Above Tk. 1000 3% (Three Percent) but not exceeding Tk. 50.
UNQUOTE
III. The ‘Share Price Movement Regulating Committee (SPMRC)’ of respective exchange
may, however, fix any limit at any time within the above ranges in respect of any scrip under concerned category if it is considered to be proper for the benefit of the investors vis-a-vis the stock market.
IV. ‘Z’-category companies shall remain excluded from any of the above mentioned
limits.”.
By order of the Commission
Mansur Alam
Executive Director
Distribution:
Dhaka Stock Exchange Ltd.
Chittagong Stock Exchange Ltd.