Photo : Collected
Stocks plummeted during the first hour of the trading session on Sunday (30 June) due to the imposition of tax on capital gains over Tk50 lakh in the listed securities.
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), dropped by 37 points to settle at 5,317 by 11am, and the blue-chip index DS30 fell by 14 points to 1,908.
The Finance Bill 2024 was passed in parliament yesterday retaining the scope for whitening undisclosed money by paying only a 15% tax for businesses and high-income individuals.
According to the bill, the government imposed a 15% tax on capital gains exceeding Tk 50 lakh.
Besides, shares on the Dhaka Stock Exchange (DSE) fell on Sunday, snapping a three-day gaining streak.
The DSEX, the benchmark index of the premier bourse in Bangladesh, slipped 27.01 points, or 0.50 percent, to close the day at 5,328.40.
Similarly, the DSES, the index that represents the Shariah-based companies, slid 3.51 points, or 0.30 percent, to 1,180.01, while the DS30, the index that consists of the best blue-chip firms, shed 12.93 points, or 0.67 percent, to 1,909.64.
Turnover, however, increased 0.97 percent to Tk 712 crore.
Of the issues that changed hands on the DSE, 268 edged lower, 92 closed higher, and 38 did not see any change.
Messenger/Fameema
