, May 4 -- Bangladesh's stockbrokers have called on the capital market regulator to immediately withdraw floor prices from the country's equity market, warning that the artificial price mechanism is choking trading activity and eroding investor confidence.

The DSE Brokers Association of Bangladesh (DBA) made the demand on Monday in a formal letter addressed to Bangladesh Securities and Exchange Commission (BSEC) Chairman Khondoker Rashed Maqsood, urging the regulator to lift the price floor without further delay to restore normal market operations.

Signed by DBA President Saiful Islam, the letter highlighted that floor price restrictions have left listed conglomerate Beximco Limited virtually untradeable for an extended period.

It also...