The interim government has unveiled a set of measures to revive investor confidence and stabilize the stock market, which has remained stuck between 4,000 and 5,500 points for years.
It has injected fresh capital into the Investment Corporation of Bangladesh (ICB), extended a Tk 900 crore special fund till 2032, and pledged Tk 2,000 crore more for ICB on top of last year’s Tk 3,000 crore sovereign-backed loans.
To boost supply of quality shares, the government plans to offload part of its holdings in six multinationals — Unilever, Nestlé, Novartis, Syngenta, Synovia (formerly Sanofi Bangladesh) and Karnaphuli Fertilizer — as well as four state-run firms.
Officials and investors say fresh listings of multinational companies could be a game-changer, likening the potential impact to Grameenphone’s entry into the bourse. The DSEX closed at 5,614 points yesterday, down 0.30 percent.
