Foreign investment on the Dhaka Stock Exchange jumped by 170 per cent in October, compared with that in a month ago as a significant fall in share prices amid political unrest attracted foreign investors, market operators said. The DSE received Tk 228.35 crore in net foreign investment in October against Tk 84.64 crore in September. In October, foreign investors bought shares worth Tk 250.85 crore while sold shares worth Tk 38.49 crore, according to the DSE data released on Saturday.
The investors made a turnover of Tk 305.35 crore in October while the figure was Tk 250.45 crore in September.
In September, overseas investors bought shares worth Tk 167.54 crore and sold shares worth Tk 82.90 crore.
Net investment by foreign traders in August was Tk 155.40 crore as they bought shares worth Tk 220.35 crore against their sales of shares worth Tk 64.95 crore.
Union Capital managing director Akhter Hossain Sannamat told New Age that share prices declined significantly amid political unrest and the decreased share prices might have attracted foreign investors.
‘Overseas investors might have thought that if the political situation becomes stable within January or February next year, the share prices will rise again,’ he said.
Net foreign investment increased to Tk 336.59 crore in June which was the highest in the DSE history amid huge fall in share prices in the month.
Foreign investors in June bought shares worth Tk 339.49 crore and sold shares worth Tk 58.30 crore with the total turnover standing at Tk 453.21 crore.
In July, foreign investors bought shares worth Tk 257.01 crore and sold stocks worth Tk 68.47 crore.
The previous highest monthly net investment by overseas investors was Tk 251 crore in July 2007.
-With New Age input
