Order on Share Price Movement Limits for Dhaka and Chittagong Stock Exchanges

Bangladesh Securities and Exchange Commission

No. BSEC/Surveillance/2020-975/219

17 June 2021

ORDER

Whereas, the Bangladesh Securities and Exchange Commission is satisfied that, in the interest of investors and securities market and for the development of securities market, certain directions shall be issued for regulating the share price movement in the stock exchange trading;

Now, therefore, in exercise of the power conferred by section 20A of the Securities and Exchange Ordinance, 1969 (Ordinance No. XVII of 1969), the Bangladesh Securities and Exchange Commission hereby directs the Dhaka Stock Exchange Limited and the Chittagong Stock Exchange Limited the following, namely:-

(1) Standard upward and downward price change limits (circuit breaker)-based on reference price, or previous trading day's closing price:

Price limits	Price change limits
01. Up to Tk. 200	10% (Ten Percent)
02. Above Tk. 200 to Tk. 500	8.75% (Eight Point Seven Five Percent)
03. Above Tk. 500 to Tk. 1000	7.50% (Seven Point Five Zero Percent)
04. Above Tk. 1000 to Tk. 2000	6.25% (Six Point Two Five Percent)
05. Above Tk. 2000 to Tk. 5000	5% (Five Percent)
06. Above Tk. 5000	3.75% (Three Point Seven Five Percent)

(2) Circuit breaker for any newly listed security:
Usual applicable circuit breaker mentioned in paragraph 1 shall be imposed from the first trading day of any newly listed securities.

The Bangladesh Securities and Exchange Commission hereby repeals the order No. BSEC/CMRRCD/2001-07/04 dated 19 March 2020, directive No. BSEC/CMRRCD/2009-193/05 dated 01 March 2021, order No. BSEC/Surveillance/2020-975/202 dated 7 April 2021, order No. BSEC/Surveillance/2020-975/203 dated 10 April 2021, order No. BSEC/Surveillance/2020-975/212 dated 03 June 2021.

This Order shall have immediate effect and shall remain in force until further order.

By order of the Bangladesh Securities and Exchange Commission

Professor Shibli Rubayat-Ul-Islam
Chairman

Securities Commission Bhaban, E-6/C Agargaon, Sher-e-Bangla Nagar Administrative Area, Dhaka-1207, Bangladesh Phone (PABX): +88-02-55007131-2, Fax: +88-02-55007106, Email: info@sec.gov.bd, Web: www.sec.gov.bd