New record in foreign transactions

After a long recession, the country's stock market has returned to the upward trend. This has increased the confidence of the investors of all categories on the market. Which has a positive impact on foreign investment. New records have been created in foreign exchange transactions in the stock market.

All previous records of foreigners broke down in the newly closed share trading in November. In the month, foreigners have traded Tk 1,253 crore 43 lakh shares. In the history of the stock market, foreigners have never traded so much money in a month ago.

Earlier, in the past one month the foreign exchange was the highest transaction in March. The amount of foreign exchange transactions in the month was 1.929 crore 19 lakh. Before that, foreigners took the maximum turnover of one thousand 36 crore 37 lakhs in a month. Foreigners have traded this stock in January this year.

As a result, records were made in the case of foreign exchange transactions for three times a year. Not only this, foreigners have traded over five billion rupees in five months this year. Before the year 2017, foreigners have not traded in one thousand crore shares in a month.

Analysts say that the stock market has been rising since the beginning of this year. The market has seen a recession sometime. At the time, the share price of most companies decreased. Foreign investors have taken the opportunity. Because of the lowering of the share price, they have been careful to buy shares.

Former adviser to the Bangladesh Securities and Exchange Commission, AB Mirza Azizul Islam, said, "Because of the downturn in the stock market, the prices of many companies decreased because of this, so foreign investors are attracted to buying shares." Moreover, the market has been upward since the beginning of the year 2017. In this, the confidence of all types of investors on the market has increased slightly.