Transactions in foreign portfolio investment in Bangladesh stock market rose 17.18 per cent in the outgoing fiscal year (FY) 2017-18 compared to previous FY, according to Dhaka Stock Exchange (DSE).
The net position in foreign portfolios marginally rose in the FY 2017-18, as the amount of the securities sold was greater than the amount of securities purchased during the period.
The foreign portfolio investment is the entry of funds into a country where foreigners make purchases in the country's stock and bond markets.
In the FY 2017-18, the amount of transactions in foreign portfolios stood at above Tk 117.29 million, which was 7.37 per cent of annual turnover observed on the premier bourse DSE.
On the other hand, the amount of transactions in foreign portfolios was above Tk 100.09 billion in the FY 2016-17.
As a result, in 2017-18 the foreign portfolio transactions rose 17.18 per cent or above Tk 17.19 billion compared to that of the FY 2016-17.
According to the DSE information, the foreign portfolio investors purchased securities worth above Tk 59.01 billion in the FY 2017-18.
During same period, they sold securities worth above Tk 58.28 billion.
As a result, the net position in foreign portfolios rose only 1.25 per cent or above Tk 730 million in the FY 2017-18.
In the FY 2016-17, overseas portfolio investors purchased securities worth above Tk 61.38 billion.
During the same FY, they sold securities worth above Tk 38.70 billion.
The net position in foreign portfolios rose 58.60 per cent or above Tk 22.68 billion in the FY compared to previous FY.
© 2017 - All Rights with The Financial Express