UNB, Dhaka :
Bangladesh Securities and Exchange Commission (BSEC) on Wednesday has modified circuit breaker system which controls the prices of individual shares from going up or down by a certain limit.
The premier bourse of the country, Dhaka Stock Exchange (DSE) on April 30 urged the BSEC to impose a circuit breaker on new stocks to check unusual increase in prices from the first day.
A press release issued after a meeting at BSEC chaired by its Chairman Khairul Hossain ensured the new regulation.
As per the decision, newly listed companies of DSE will be allowed to trade without circuit breaker for the first two days.
Up till now, there was no circuit breaker for 5 days for the trading of newly listed companies of DSE.
In recent times, the prices of new issues rose abnormally just after their debut and the trend continued for the next few days too, due to the absence of the circuit breaker.
A circuit breaker is a method by which the regulator can automatically halt a share’s trading for the day if its price goes beyond set limits.
Bangladesh Securities and Exchange Commission (BSEC) on Wednesday has modified circuit breaker system which controls the prices of individual shares from going up or down by a certain limit.
The premier bourse of the country, Dhaka Stock Exchange (DSE) on April 30 urged the BSEC to impose a circuit breaker on new stocks to check unusual increase in prices from the first day.
A press release issued after a meeting at BSEC chaired by its Chairman Khairul Hossain ensured the new regulation.
As per the decision, newly listed companies of DSE will be allowed to trade without circuit breaker for the first two days.
Up till now, there was no circuit breaker for 5 days for the trading of newly listed companies of DSE.
In recent times, the prices of new issues rose abnormally just after their debut and the trend continued for the next few days too, due to the absence of the circuit breaker.
A circuit breaker is a method by which the regulator can automatically halt a share’s trading for the day if its price goes beyond set limits.
