Economic Reporter :
Stocks closed the post budget session flat in red yesterday when investors were analyzing the possible impact of the proposed budget and the fiscal policy on the country’s capital market.
Finance Minister AMA Muhith on Thursday unveiled the national budget for the 2016-17 financial year (FY17) at the Jatiya Sangsad (JS). In his budget speech, the minister expressed the hope that the capital market would be better and it would flourish as a pillar of the financial sector.
The minister also proposed tax exemption for margin loan and interest up to 10 lakh for small investors to protect their interest.
Dhaka Stock Exchange (DSE) authorities welcomed the proposed budget at a press conference on Sunday, terming it an investment-friendly, which would help improve the capital market.
The post-budget share trading, however, was a bit rickety as most of the investors were mulling over the long term impact of the proposed fiscal incentives.
The DSEX of Dhaka Stock Exchange (DSE) closed the session over 20 points down at 4425.89 when the blue-chip DS30 and Shariah DSES followed it to finish at 1747.32 and 1088.53 respectively. Like the broader indicator, the loss to the selective two indices was also marginal.
As the market activities were lackluster, the daily trade value came down to Taka 307 crore from Taka 493 crore of the pre-budget session on Thursday. The daily trade volume also fell accordingly to 9.32 crore shares, which was 15.19 crore shares on Thursday.
Stocks closed the post budget session flat in red yesterday when investors were analyzing the possible impact of the proposed budget and the fiscal policy on the country’s capital market.
Finance Minister AMA Muhith on Thursday unveiled the national budget for the 2016-17 financial year (FY17) at the Jatiya Sangsad (JS). In his budget speech, the minister expressed the hope that the capital market would be better and it would flourish as a pillar of the financial sector.
The minister also proposed tax exemption for margin loan and interest up to 10 lakh for small investors to protect their interest.
Dhaka Stock Exchange (DSE) authorities welcomed the proposed budget at a press conference on Sunday, terming it an investment-friendly, which would help improve the capital market.
The post-budget share trading, however, was a bit rickety as most of the investors were mulling over the long term impact of the proposed fiscal incentives.
The DSEX of Dhaka Stock Exchange (DSE) closed the session over 20 points down at 4425.89 when the blue-chip DS30 and Shariah DSES followed it to finish at 1747.32 and 1088.53 respectively. Like the broader indicator, the loss to the selective two indices was also marginal.
As the market activities were lackluster, the daily trade value came down to Taka 307 crore from Taka 493 crore of the pre-budget session on Thursday. The daily trade volume also fell accordingly to 9.32 crore shares, which was 15.19 crore shares on Thursday.
