Foreign investment in the Dhaka Stock Exchange declined by 45.53 per cent in September compared with the previous month due to uncertain political situation, market operators said.
Net foreign investment in September stood at Tk 84.64 crore as overseas investors bought shares worth Tk 167.54 crore while sold shares worth Tk 82.90 crore, according to DSE data released on Tuesday.
In August, net investment by foreign traders was Tk 155.40 crore as they bought shares worth Tk 220.35 crore against the sales of shares worth Tk 64.95 crore.
Bangladesh Merchant Bankers’ Association president Mohammad A Hafiz told New Age that the foreign investment in September had dropped as the investors might have adopted a ‘wait-and-see’ policy due to political uncertainty.
But, an improved political situation might attract foreign investors to participate in the market, he said.
The political impasse between the ruling party-led alliance and opposition alliance over forming the next poll-time government might have made foreign investors worried, another merchant banker said.
Foreign investors in July bought shares worth Tk 257.01 crore and sold stocks worth Tk 68.47 crore.
Foreign net investment increased to Tk 336.59 crore in June which was the highest in DSE history due to huge fall in share prices.
The 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 core.
The previous highest monthly net investment by the overseas investors was Tk 251 crore in July 2007.
-With New Age input
