Shares on the Dhaka Stock Exchange (DSE) rose today, extending yesterday's turnaround from a three-day losing streak. The DSEX, the benchmark index of the premier bourse in Bangladesh, was up 27 points, or 0.43 per cent, at 6,345 by 12:30 pm. Turnover stood at Tk 302 crore.
The domestic stock market took a dive yesterday, the first trading session since Finance Minister AHM Mustafa Kamal proposed the national budget for the fiscal year of 2022-23 in parliament on Thursday.
The stock market index fell today although the proposed budget for 2022-23 fiscal year recommended cutting corporate tax by 2.5 percentage points for listed companies except bank, insurance, telecom, tobacco and non-banks.
Stocks continued to rise for the fourth consecutive day, riding on the policy intervention of the stock market regulator to halt the falling trend of stocks.