Retail investors urged to invest their funds in banking, other sectors

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FE Report
A joint meeting of Dhaka Stock Exchange and institutional investors Wednesday urged the retail investors to invest their funds in issues of the banking and other sectors considering their fundamentals.
The meeting was told that there was no negative impact of the global financial crisis as the portfolio investments accounted for only 2.0 per cent of the total market capitalisation of DSE and that the local stock market in no way would be affected even after fund withdrawal by the foreign investors.
The banking sector issues are strong and their position remains consolidated as no local banks have investment in any securities in other countries.
DSE Senior Vice President Saiful Islam, Chief Executive Officer Salahuddin Ahmed Khan and top officials of merchant bank wings of AB Bank, IDLC Finance Limited, Lankabangla Finance Limited, Prime Bank and Trust Bank were present in the meeting.
"The institutional investors have been urged to make their clients understand that there is nothing to be panicked unnecessarily," said Salahuddin Ahmed Khan.