While no other country uses floor price to stop a share price fall, Bangladesh has launched it as a market intervention mechanism claiming it was to save small investors.
A rumour was going on that the International Monetary Fund (IMF) may ask the stockmarket regulator to lift the floor price as a condition of a new $4.5 billion loan, but the lender did not raise the issue in a meeting with the BSEC today.
The International Monetary Fund (IMF) team did not raise the issue of lifting floor prices during its meeting with the Bangladesh Securities and Exchange Commission (BSEC) yesterday, said Mohammad Rezaul Karim, spokesperson of the regulator.
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The Chittagong Stock Exchange (CSE) has provided the Bangladesh Securities and Exchange Commission (BSEC) a draft set of rules meant for establishing the first commodity exchange in Bangladesh.