Regulator removes trading floor price on industrial firm and Islami Bank Bangladesh

The Bangladesh Securities and Exchange Commission (BSEC) has removed the floor price restrictions on two listed companies – Beximco and Islami Bank Bangladesh – bringing an end to trading limits that had been in place since August 2024. AMINAH FARID reports.

The move allows both entities to trade at market-driven prices for the first time in nearly four years.

According to an order issued by the BSEC's Surveillance Department on the 8^th June 2026, the removal takes effect from the 9^th June 2026. The decision also restores the application of standard circuit breaker limits across all listed securities in the Dhaka and Chittagong stock exchanges.

The floor price mechanism, introduced under a 2024 directive to curb volatility, was deemed no longer necessary by BSEC Chairman Masud Khan, who signed the order.

The removal comes as both companies face serious headwinds. Beximco remains embroiled in a regulatory investigation into its BDT30 billion (US$254 million) green Sukuk, issued in 2021, over alleged issuance irregularities including claims that banks were pressured into investing, and compliance failures such as IFRS 9 deficiencies and unrecorded subsidiary rental income.

A Bangladesh Bank–mandated committee recommended in December 2025 the extension of the Beximco Sukuk's maturity from 2026 to 2032, citing Beximco's inability to repay. As of April 2026, funding constraints continue to stall its Korotoa solar plant, leaving BDT28 billion (US$227.63 million) in Sukuk repayments and both project and repayment timelines unresolved.

Islami Bank Bangladesh faces parallel pressures.

It was downgraded to 'Z' category effective the 30^th April 2026 after two consecutive years without dividends, with margin lending on its securities simultaneously banned.

In early June 2026, the bank saw roughly BDT35 billion (US$283.5 million) in net deposit withdrawals over five days amid a leadership dispute triggered by the 24^th May 2026 resignations of its chairman and managing director, and the central bank's appointment of former Deputy Governor Md Khurshid Alam as replacement, prompting street protests from a customer advocacy group.