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The Financial Express

DSE foreign trade turnover doubles in November

Published: December 14, 2017 20:03:07 | Updated: December 17, 2017 13:30:01


DSE foreign trade turnover doubles in November

The total turnover of foreign trade in Dhaka Stock Exchange (DSE) almost doubled to Tk 12.53 billion in November.

The amount is Tk 6.11 billion higher than the amount in the previous month.

In October, the total turnover of the foreign trade was Tk 6.42 billion, reports BSS using DSE data.

"Due to the government's time befitting initiatives, stock markets are gradually becoming a lucrative position for the both local and foreign investors. Now the foreign investors are showing keenness to invest in the Bangladesh stock markets, " said Azam Securities Limited Managing Director Ahmed Kabir Majumder on Thursday.

He expressed the hope that the foreign trade in the Bangladesh stock markets will increase further in future.

The foreign trade turnover in November 2017 was Tk 5.90 billion more than the amount in corresponding period of the previous year. In November 2016, the total turnover of the foreign trade was Tk 6.64 billion.

Foreign investors are keen to invest in the market as the overseas investors bought shares worth Tk 6.36 billion and sold shares of Tk 6.17 billion in November, 2017.

In this month, the buy value was Tk 189.5 million higher than the sell value.

The total turnover was Tk 10.36 billion in January, 2017, Tk 6.33 billion in February, Tk 10.92 billion in March, Tk 8.66 billion in April, Tk 897 billion in May, Tk 10.73 billion in June, Tk 10.50 billion in July, Tk 8.33 billion in August and Tk 9.47 billion in September in the current year.

(All monetary values are approximated to two significant figures after decimal point)

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