Dhaka, Bangladesh (BBN)- Bangladesh’s stocks witnessed negative trend in early hour of trading on Sunday, the first session after announcement of national budget for the fiscal year 2016-2017.
The Bangladesh’s Finance Minister Abul Maal Abdul Muhith unveiled the budget for the fiscal year (FY) 2016-17 at the Jatiya Sangsad (JS) on Thursday last.
Muhith proposed to waive small investors from the income tax charged on margin loans and interest up to Tk 1.0 million for the FY 2016-17, keeping the existing provisions unchanged.
The key index of the Dhaka Stock Exchange (DSE) declined 3.42 points, while the Chittagong Stock Exchange (CSE) earns 3.23 points within 15 minutes of the day’s trading.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 3.42 points or 0.08 percent to stand at 4,442.66 points, when the report was filed at 10:45am.
The DS30 index, comprising blue chips, fell 4.95 points or 0.28 percent to reach at 1,756.23 points.
The DSE Shariah Index (DSES) also dropped 1.72 points or 0.15 percent to reach at 1,095.26 points.
DSE turnover stands at BDT 273 million when the report was filed at 10:45am.
Of the issues traded till then, 65 advanced, 78 declined and 44 issues remained unchanged.
United Airways dominated the turnover chart with shares worth BDT 20 million changing hands till then, followed by Shahjibazar Power Company, Khan Brothers PP Woven Bag Industries, Doreen Power and Lafarge Surma Cement.
CHITTAGONG STOCK EXCHANGE:
However, the port city bourse saw positive trend at opening with its Selective Category Index- CSCX– gaining 3.23 points to stand at 8,332.94 points, also at 10:45am.
Of the issues traded till then, 30 gained, 20 declined 13 issues remained unchanged with a turnover value of BDT 23 million.
BBN/SSR/BB