The securities regulator BSEC has instructed stock exchanges to calculate the lower limit circuit breaker at 2 per cent for all issues but the upper limit circuit will remain the same at 10 per cent.
The move was taken to prevent the market crash as the benchmark DSEX index shed almost 550 points in the last eight consecutive sessions.
“The Bangladesh Securities and Exchange Commission directs temporarily the Dhaka Stock Exchange and the Chittagong Stock Exchange to impose standard price change limit of 2 per cent based on the previous trading day’s price,” said the regulator in an order on Tuesday.
However, the upper limit of the circuit breaker and other conditions will remain unchanged, it said.
The order will have immediate effect and remain in force until further order, according to the BSEC.
