The share price of the new floor price cotton 66 companes will be reduced by a maximum of 2 percent. The Bangladesh Securities and Exchange Commission (BSEC), the regulator of the capital market, issued the directive on Saturday.

According to the decision, the share price can be reduced by a maximum of 2 percent in one day. However, in case of price increase, there will be a limit of 10 percent as before.

As a result of this decision, the shares of the companies whose share price has fallen below Rs 5. Because, when the price of a company goes up or down, the minimum calculation is Tk 0.10. 2 percent of the shares priced at 5 taka are less than Tk 0.10.

Sunbd/NJ