November 22, 2011

Stock Market Recovery Package rollout likely on Tuesday

An 'incentive package' may be announced as early as Tuesday to bolster the stock market and compensate the victims of continuous fall in share prices, a member of the Securities and Exchange Commission (SEC) says to the media.
"Some steps have been taken at today's meeting. You may have a briefing tomorrow (Tuesday)," Helaluddin Nizami said after a meeting with finance minister A M A Muhith on Monday after a high official meeting.

After Sunday's meeting, Helaluddin said a 'complete package' will be announced in a day or two to stabilize the shaky market and guard the interests expenses of retail investors.