ICB gets Tk 200cr from govt | The Daily Star
12:00 AM, January 17, 2011 / LAST MODIFIED: 12:00 AM, January 17, 2011

ICB gets Tk 200cr from govt

DGEN down 141 points

The government has given Tk 200 crore in financial assistance to Investment Corporation of Bangladesh (ICB) to purchase shares.
The central bank yesterday released the Tk 200 crore funds in favour of the state-run investment firm. ICB through its own and clients' portfolios bought shares worth around Tk 235 crore.
The benchmark index of Dhaka Stock Exchange -- DSE General Index (DGEN) -- was down more than 300 points, or 4.1 percent, at one point, but recovered in later to close down 141 points, or 1.87 percent. Market insiders said retail investors are frustrated as they saw no steps to ease the liquidity crunch.
Although the regulator hiked the margin loan ratio to 1:2 to increase liquidity flow, the credit providers are yet to offer share credit in line with the ratio, insiders said.

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