Khairul Hossain, chairman of ICB, said, “Market dropped as some big institutional investors adopted a wait-and-see policy.”
The ICB will go for big buying of shares from the next week, he added.
Meanwhile, the Bangladesh Fund has begun pumping money into the sagging stockmarket with the purchase of a lot of 50 shares of government-run Titas Gas.
Md Fayekuzzaman, managing director of the ICB, said, “This fund will play a good role to keep the market steady.” “We will buy good shares with sound fundamentals,” he said.
Banks lost 0.42 percent yesterday, while non-banks 1.63 percent, telecommunication 0.64 percent, pharmaceuticals 1.56 percent, and fuel and power 1.44 percent.
The ICB will go for big buying of shares from the next week, he added.
Meanwhile, the Bangladesh Fund has begun pumping money into the sagging stockmarket with the purchase of a lot of 50 shares of government-run Titas Gas.
Md Fayekuzzaman, managing director of the ICB, said, “This fund will play a good role to keep the market steady.” “We will buy good shares with sound fundamentals,” he said.
Banks lost 0.42 percent yesterday, while non-banks 1.63 percent, telecommunication 0.64 percent, pharmaceuticals 1.56 percent, and fuel and power 1.44 percent.