Financial Markets Defying Political Uncertainty

February 2007 | Market Strategy

Bangladesh's financial markets have proved impressively resilient in the face of high political drama, with turnover at the Dhaka Stock Exchange (DSE) hitting a record high of BDT1.592bn (US$23mn) on February 5, 2007. The DSE General Index closed at a 22-month high of 1,883.62 the same day, having surged from around 1,600 at the start of the year, while the blue-chip DSE-20 Index also saw sharp gains in January, hitting an 11-month peak of 1,552. During the preceding week, investor interest in the DSE was driven by the IPO of BRAC Bank, a subsidiary of Bangladesh's leading microfinance NGO.

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