Stocks
Investors to Benefit from Capital Market: Finance Minister
Finance Minister Abul Hasan Mahmood Ali announced that individual investors in the capital market will not be taxed on capital gains up to 50 lakh taka in the proposed budget for the 2024-2025 fiscal year. However, gains exceeding 50 lakh taka will be subject to taxation. He expressed hope that this measure would benefit stock market investors.
The minister made this statement on Friday, June 7, during a post-budget press conference at the Osmani Memorial Auditorium in the capital. Finance Secretary Dr. Md. Khairuzzaman Majumdar moderated the conference.
Local Government, Rural Development, and Co-operatives Minister Md. Tajul Islam; Industries Minister Nurul Majid Mahmud Humayun; Planning Minister Major General (Retd.) Abdus Salam; Housing and Public Works Minister A. M. Obaidul Muktadir Chowdhury; Prime Minister’s Economic Affairs Advisor Mashiur Rahman; Agriculture Minister Dr. Md. Abdus Shahid; Education Minister Mohibul Hasan Chowdhury Nowfel; State Minister for Commerce Ahsanul Islam Titu; State Minister for Finance Wasika Ayesha Khan; Cabinet Secretary Md. Mahbub Hossain; Bangladesh Bank Governor Abdur Rouf Talukder; and Chairman of the National Board of Revenue (NBR) Abu Hena Md. Rahmatul Muneem was also present at the press conference.
Finance Minister Ali further elaborated on the tax structure reforms aimed at controlling inflation. He highlighted that realized capital gains from stock market transactions exceeding 50 lakh taka would incur a 15% tax. Gains below this threshold would remain tax-free.
Dhaka Stock Market DSE, Bourse on the last working day of the week, 25th July, ended with a hike in Indices and Turnover from the previous working session. This information is known from DSE sources.
497 crore 34 lakh taka shares were traded on this day. 337 crore 97 lakh more tradings were done in DSE today compared to the previous workday, July 24th, Shares worth Tk 159 crores 37 lakh shares were traded last time, Wednesday.
The benchmark DSEX increased 62.81 points or 5,413 The Shariah-based index DSES added 13.81 points or 1,183 and the blue-chip index DS30 gained by 24.25 points or 1,932.
Of the issues traded, 286 advanced, 66 declined and 40 remained unchanged.
Techno Drugs Limited ranked top gainer on DSE, the share price increased by Tk 3.80 paisa or 9.87 percent. On this day, the share was last traded at Tk 42.30 paisa.
Rangpur Foundry Limited ranked top loser on the DSE, the share price dropped by Tk 5.40 paisa or 2.98 percent. On this day, the share was last traded at Tk 175.70 paisa.
DSE topped on trade is Square Pharmaceuticals PLC 35 crore 9 lakh takas of company shares have been traded.
A total of 28 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 82 lakh 94 thousand 29 shares of the companies were traded. The financial value of which is 21 crore 92 lakh taka
One of the listed companies, Eastland Insurance Company Limited discloses its financial reports for the second quarter, (April – June 24).
The company’s earnings per share (EPS) Tk 0.27 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 0.41 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. NAV per share was Tk. 20.85 as of June 30, 2024.
One of the listed companies, Shahjalal Islami Bank PLC discloses its financial reports for the second quarter, (April – June 24).
The company’s Consolidated earnings per share (EPS) Tk 1.50 paisa in Q2 of the current financial year (April – June 24). Consolidated EPS was Tk. 1.50 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. Consolidated NAV per share was Tk. 20.85 as of June 30, 2024.
