Bangladesh’s economy has been facing tough times of late as sustained high inflation, hike in interest rates and massive devaluation of the local currency continue to plague the country. In this series, we take a look back at how various industries fared amid the crisis in fiscal year 2022-23. Here, in the fourth instalment of the series, we placed listed export-oriented
Listed apparel companies in Bangladesh struggled to capitalise on the massive devaluation of the local currency against the US dollar in fiscal year (FY) 2022-23 due to a hike in gas and electricity prices, and fuel and raw material costs.
The capital market orchestrated a upward movement last week as the benchmark index gained around 16 points due to higher participation of investors after the Eid-U-Azha holidays amid a mix movement of the macroeconomic indicators.