The removal of the floor price restriction on British American Tobacco (BAT) Bangladesh led to a significant decline in its market capitalization by Tk2,100 crore, bringing it down to Tk25,909 crore on the first trading day at the Dhaka Stock Exchange (DSE). BAT Bangladesh's share price also witnessed a 7.5% decline, closing at Tk479.8, down from Tk518.7 in the previous session.

Similarly, Grameenphone (GP), the largest stock at the Dhaka bourse, experienced a decline for two consecutive sessions after the removal of the floor price, resulting in a decrease in market capitalization by Tk3,970 crore over these two sessions, settling at Tk34,729 crore. GP saw a decline of over 1.69%, closing at Tk257.20 today.

The downturn in BAT Bangladesh and Grameenphone stocks had a notable impact on the key index DSEX, leading to a 39-point decline, settling at 6,175. Additionally, the turnover of the DSE dropped by 19% to stand at Tk793 crore.