ICB moves to arrest stock market fall

The Investment Corporation of Bangladesh (ICB) comes up with a set of measures to avert the downward trend of the stock market.

It seeks to discourage offloading shares by small investors, its subsidiary companies and other stakeholders. The state-run corporation on Tuesday made the suggestions at a meeting held at the office of the Bangladesh Securities and Exchange Commission (BSEC).

It assured of facilitating the implementation of the ICB's measures holding discussions with the government's high ups.

According to a press release, the securities regulator will continue injecting funds, which will be received from the Capital Market Stabilisation Fund, into the stock market.

The ICB sent a letter to the Dhaka Stock Exchange (DSE) seeking term deposit worth Tk 5.0 billion for the sake of enhancing liquidity support for the market.

mufazzal.fe@gmail.com