Foreign investment in DSE hits 4-yr high

The monthly foreign investment in the Dhaka Stock Exchange hit a four-year high in May as the net investment of the overseas investors was Tk 198.36 crore in the month.
The foreign investors bought share worth Tk 274.52 crore in
May while sold share worth Tk 76.16 crore.According to DSE officials, the total turnover of the foreign investors was Tk 350.68 crore in May which was Tk 178.85 in April.
The DSE earlier recorded the highest monthly foreign investment in July 2009 when the net foreign investment was Tk 245.09 crore.
The sharp fall of share prices and some regulatory changes have pushed up the foreign investment in recent times, said market operators.
They said the recent move by the DSE to introduce international standard index, designed by Standard & Poor’s, also made many foreign fund managers interested in the country’s capital market.
Bangladesh Bank recently allowed the brokers to share broker commission with their foreign counterparts. The Bangladesh Securities and Exchange Commission also formed a committee to facilitate the foreign investors.
‘The political unrest will not be an issue for the foreign investors if they plan for long-term investment. The government is also serious about bringing more foreign fund to the capital market,’ said a stockbroker.
The Goldman Sachs, an American multinational investment banking firm, in 2010 had enlisted Bangladesh in the Next-11 emerging countries considering the growth of the capital market.

-With New Age input

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