The benchmark index DSEX of the Dhaka Stock Exchange (DSE) surged 76 points to reach 5,328 in the first trading hour on Tuesday as the national revenue board reduced the capital gains tax, reports The Business Standard.
Yesterday, the revenue board cut the capital gains tax to 15 percent from 30 percent if the gain exceeded Tk50 lakh.
As a result, the maximum effective tax rate for high net-worth individual taxpayers decreased to 20.25 percent from 40.25 percent including surcharge.
During the session, 341 issues advanced, while 17 declined and 32 remained unchanged.
The turnover at the DSE surpasses Tk200 crore during the first trading hour.
Bd-pratidin English/Tanvir Raihan
