Bangladesh, Dec. 20 -- Amidst all the indices plunging unabatedly and the daily turnover reaching its lowest level in six months, a move is on to inject yet another large sum of money in the stock market to buoy it up.
When a group of 20 stock brokers and merchant banks on October 24 last submitted a proposal to the Ministry of Finance seeking a fund of Tk 100 billion to help arrest the continuous erosion of the market, not many people took it seriously.
But it seems that the finance ministry did not readily dump the proposal into the wastepaper basket. Instead, it sought a work plan from the initiators of the proposal which the latter obliged. The stock brokers submitted a work plan on December 05 last.
The ministry has sent the plan to...