BB extends liquidity support to prop up stocks

Bangladesh Bank yesterday announced liquidity support for banks with a view to ramping up their capacity to invest in the capital market as part of a concerted effort to arrest the ongoing bear run. Between June 27 and September 22, DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), sank 511 points, or 9.41 percent, to 4,920 -- which is well below the psychological