BSEC removes floor price of Renata, Anwar Galvanizing, Orion Pharma

Bangladesh Securities and Exchange Commission (BSEC) has removed the floor price for Anwar Galvanizing, Orion Pharmaceuticals and Renata as part of its move to bring back vibrancy to the market.

The decision will be effective from Wednesday, said a BSEC press release issued the day before.

The floor for British American Tobacco Bangladesh, Grameenphone and Robi Axiata will be lifted from their next record date, the day on which a company finalises the list of shareholders eligible for its forthcoming dividend distribution.

The commission set the floor price in July 2022 to prevent a free-fall of shares amid uncertainties caused by the Covid-19 pandemic and the Russia-Ukraine War.

On January 18 this year, the commission scrapped the floor price for most of the stocks.

/KN/