Dhaka, Nov. 27 -- Foreign investors' sales volumes have been much higher than buy volumes in the stock market in the six months through September, indicating their intention to pull out of the market.

The depreciation of the taka against the dollar portrayed a bleak picture of future returns from stocks as the translated income will be lower than earlier even if stocks maintain a price rise. The market volatility only added to the grim outlook.

Md Moniruzzaman, managing director at IDLC Investments, said foreign investors had continued pulling out their investments from the frontier markets, including that of Bangladesh, to reduce their investment risks amid worries over the foreign exchange reserves and the market volatility.

As the p...