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Wednesday, December 25, 2024
Founder : Barrister Mainul Hosein

Capital gains tax reduction, swelling capital market

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Staff reporter :

The Dhaka Stock Exchange (DSE) have witnessed the highest transaction in DSE since last September 2 after reducing capital gains tax by the National Board of Revenue (NBR).

The turnover at the DSE jumped by 48% from the previous session, reaching Tk839 crore.

The benchmark index of the DSE and the DSEX, surged by 112 points, reaching 5,365 The share and unit prices of most of the companies have increased along with the speed of transactions.

Most of the companies participating in the trading on the Dhaka Stock Exchange (DSE) increased and at the same time, there has been a big rise in prices.

The Chittagong Stock Exchange (CSE), another stock market, has listed the shares and units of most of the companies in the price increase list.

Despite the transactions of the CSE has decreased, the CSE main index rose by nearly 300 points.

The news of this initiative of the National Board of Revenue quickly spread in the stock market.

As a result of which the stock market came out of the fall and returned to the upward trend.

In this situation, trading in the stock market started increasing the prices of shares and units of most companies.

As a result, there is a big rise in the index at the beginning of the transaction.

The upward trend seen at the beginning of the trade continues till the end of the trade. Even the upward trend of the index increases as the trading time increases.

Shares and units of 304 companies were listed as gainers at the end of the day’s trading.

On the contrary, the prices of 65 companies have decreased. And the price of 30 remains unchanged.

The DSE-30 index, which consists of 30 companies, has increased by 30 points compared to the previous day and stands at 1,967 points. And the DSE Shariah index rose by 29 points to 1,191 points compared to the previous day.

Along with the increase in all indices, the volume of transactions on DSE also increased Tk 839 crore 70 lakh were traded in the market throughout the day.

Yesterday Tk 565 crore 24 lakh taka was traded, accordingly, compared to the previous working day, the transaction has increased by Tk 274 crore 46 lakh which is the highest transaction in DSE since last September 2.

Besides, the list of top 10 institutions in terms of transactions in DSE includes- Bangladesh Shipping Corporation, Islami Bank, BRAC Bank, Orion Pharma, Midland Bank, Asiatic Laboratories and Lavello Ice Cream.

The other stock market Chittagong Stock Exchange (CSE) overall price index CASPI increased by 291 points. 196 of the 238 firms that participated in the market rose in price. In contrast, the prices of 27 decreased and 15 remained unchanged.

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