Overseas investors see BD stock market as emerging: MCCI

FE Report | Published: February 16, 2018 10:40:44 | Updated: February 18, 2018 17:40:23


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Net foreign investment in the country's capital market increased 27.14 per cent year-on-year in 2017 as many overseas investors considered the Bangladesh stock market as a frontier and emerging market.

Metropolitan Chamber of Commerce and Industry, Dhaka, observed this in its review of economic situation in Bangladesh for October-December (Q2) of the fiscal year (FY) 2017-2018.

Net foreign investment in the stock market rose to Tk 17.05 billion in 2017 from Tk 13.41 billion in 2016.

"Positive macroeconomic indicators, including declining interest rate and stable exchange rate, and political calmness boosted the foreign investors' confidence," said the MCCI in its latest quarterly review.

According to MCCI review, both Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) witnessed improvements both in the key index and turnover.

"Investor participation also significantly increased in the country's capital market in the October-December quarter of the current fiscal year," said the economic review of the MCCI.

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