Bangladesh stock market performs best in world in Q3

The stock market of Bangladesh in the third quarter (July-September, 2020) rose the highest of Asian stock markets and also performed the best in the world with a percentage of 24.40, according to a report by Asia Frontier Capital Limited.

The report says, the broad index (DSEX) of the Dhaka Stock Exchange (DSE), Bangladesh's main stock market, advanced 24.40 per cent in quarter three (Q3), which is the best performance in Asia as well as the world.

Attractive prices, lower interest rates, the launch of the post-corona economy and noticeable growth in export and remittances have played a key role in this rise, said the report.

The rally of the stock market of Bangladesh has been led by domestic investors, the report said, adding that despite the high net foreign sales, the investment trend of domestic investors has increased.

Meanwhile, Pakistan's stock market has risen to the second-highest in Asia after Bangladesh. In the third quarter, the country's stock market has risen to 19.40 per cent, whereas Sri Lanka's stock market rose to third place with 17 per cent.

sr/teb