EconoInsights_Monthly Economic and Capital Market Overview_May 2024
Bangladesh's major economic indicators have been under strain, although overall GDP growth has been projected to remain stable at 5.8%, according to BBS’s provisional estimate for the current fiscal year. Exports hit a six-month low, while the financial account deficit nears USD 10 billion, exerting continuous pressure on the country’s external balance amidst persistently high inflation and dwindling foreign exchange reserves. However, the recent adoption of the crawling peg system is expected to ease down the exchange rate volatility as well as enhance foreign currency inflows in the form of exports and remittances, which is expected to provide a cushion to the country's much-needed fiscal space.
EBL Securities Ltd. (EBLSL) is one of the fastest growing full-service institutional brokerage companies in Bangladesh. On top of our expertise and achievements, we take pride in our strong commitment towards excellent client services and development of the Bangladesh capital markets.
EBLSL is a fully owned subsidiary of Eastern Bank Limited (EBL), one of the leading private commercial banks of Bangladesh. EBLSL is one of the TOP-10 brokerage companies of Bangladesh.
We have unwavering faith in the potential of Bangladesh. We also believe that an efficient, vibrant and transparent capital market can strongly contribute to the overall development of Bangladesh. Bangladesh is currently at the initial stage of capital market growth, and we are committed to assist the entry of early movers into a growth-oriented, vibrant, nascent emerging market.
EBLSL has developed a disciplined approach towards providing capital market services. The foundation for our business is a strong commitment towards market experience & professionalism, investment knowledge, market intelligence and research services.
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