DSE Brokers Association of Bangladesh (DBA) on Tuesday welcomed the decision to withdraw the long-standing floor price on shares of Islami Bank Bangladesh PLC and Beximco Ltd, expressing gratitude to newly appointed Bangladesh Securities and Exchange Commission (BSEC) Chairman Masud Khan and other commissioners.
In a statement, the association said the move would help restore normal trading activities, improve price discovery and boost investor confidence in the country's capital market.
The DBA noted that it had formally written to the BSEC on May 4, 2026, seeking the removal of the floor price imposed on the shares of Islami Bank Bangladesh PLC and Beximco Ltd to address prolonged market distortions and facilitate the resumption of normal trading.
In the letter signed by DBA President Saiful Islam, the association argued that the continued floor price had restricted normal trading activities by preventing shareholders from selling their holdings, while also hampering the market's natural price discovery mechanism.
The association further stated that the floor price system had increased the risk of negative equity for margin loan investors and created a negative perception of Bangladesh's capital market among foreign investors.
Considering the DBA's proposal and the overall market situation, the newly constituted BSEC Commission decided to withdraw the floor price imposed on the shares of Islami Bank Bangladesh PLC and Beximco Ltd.
Welcoming the decision, Saiful Islam thanked BSEC Chairman Masud Khan and the commissioners for taking what he described as a timely and market-oriented step.
According to the DBA, the removal of the floor price is expected to ease long-standing market stagnation, restore normal trading activities and strengthen investor confidence.
The association also believes the decision will make the market-based pricing mechanism more effective, transparent and dynamic.
Expressing optimism about the new leadership, the DBA said it expects the commission under Masud Khan to undertake necessary reforms to remove regulations and barriers that have long been viewed as inconsistent with a business- and investment-friendly capital market environment.
Saiful Islam welcomed the newly appointed chairman and commissioners and reaffirmed the DBA's commitment to working closely with the regulator in promoting market development, protecting investor interests and ensuring stability in the capital market.