Order on standard downward price change limit (circuit breaker)

বাংলাদেশ সিকিউরিটিজ অ্যান্ড এক্সচেঞ্জ কমিশন
Bangladesh Securities and Exchange Commission

No. BSEC/Surveillance/2020-975/29 20 April 2022

ORDER

Whereas, in the interest of the investors and for the development of the securities market, it is expedient to regulate the share price movement in trading of the stock exchanges(s);

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 on temporary basis the Dhaka Stock Exchange Limited and the Chittagong Stock Exchange Limited to impose standard downward price change limit (circuit breaker) of 5% (five percent) instead of 2% (two percent) - based on the previous trading day’s closing price.

Upper limit of the circuit breaker and other conditions of the Order No. BSEC/Surveillance/2020-975/210 dated 06 May, 2021 shall remain unchanged.

This Order shall supersede the previous Order No. BSEC/Surveillance/2020-975/2 dated 08 March, 2022.

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

By order of the Bangladesh Securities and Exchange Commission

(Signature)
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