Following is a news item from a Business Only Newspaper of Pakistan like American Wall Street Journal. Can we have a viable Stock Exchange in Bangladesh to attract Foreign Investors to our Companies?
Pakistan has benefitted from Foreign Investors a lot and since US backing of Pakistan started in 2004 Pak Stock Market has been the top Stock Market of the world rising 900% mostly on Foreign Investments. Can the Govt do something about this or try to learn something from Pakistan?
Can we do some stuff ourselves instead of waiting for Allah to do it and hoping to be in JannuT in our after-life?
Thousands of Bangladeshis abroad would love to invest in Bangladesh Stock Exchange if some trust factor was created in their minds.
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Inflow of $78.96 million portfolio investment in a single day
BUSINESS RECORDER, Karachi REPORT
BUSINESS RECORDER, Karachi REPORT
KARACHI (February 25 2008): A massive inflow of portfolio investment in the country's equity market was witnessed on a single day on February 22 as $78.964 million came in country mainly from USA and UK. On the other hand, an outflow of $11.644 million was seen on the said date and the net flow was recorded at $67.320 on the end of the week.
According to State Bank of Pakistan data, out of the total inflow, $64.352 million came from the USA, $13.714 million from UK, $494,000 from Germany and $404,000 from Hong Kong on the said date while an outflow of $8.12 million was witnessed by UK, $1.611 by USA, $1.345 by Hong Kong, $545,000 by Switzerland and $23,000 by Singapore on February 22.
The data shows that as many as $281.545 million of foreign investment came in the country's equity market during the current month till February 22, while $39.058 million were withdrawn by the foreign investors during this period.
Analysts are of the view that holding of peaceful general elections and improving law and order situation in the country invited fresh foreign investment in the equity market as the foreign investors came back to invest here on their expectations that political stability will come after elections.
__._,_.___ According to State Bank of Pakistan data, out of the total inflow, $64.352 million came from the USA, $13.714 million from UK, $494,000 from Germany and $404,000 from Hong Kong on the said date while an outflow of $8.12 million was witnessed by UK, $1.611 by USA, $1.345 by Hong Kong, $545,000 by Switzerland and $23,000 by Singapore on February 22.
The data shows that as many as $281.545 million of foreign investment came in the country's equity market during the current month till February 22, while $39.058 million were withdrawn by the foreign investors during this period.
Analysts are of the view that holding of peaceful general elections and improving law and order situation in the country invited fresh foreign investment in the equity market as the foreign investors came back to invest here on their expectations that political stability will come after elections.
[Disclaimer: ALOCHONA Management is not liable for information contained in this message. The author takes full responsibility.]
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