Stocks open flat despite facilitating black money investment
Turnover on the DSE trading floor dropped by 13 percent to Tk47.62 crore in the first session
The indices of the country's two main bourses slightly declined in the early hours of trading today despite the government's condition relaxation on black money investment in the stock market.
On June 29, the government passed the finance bill 2020 at the parliament.
According to the 2020 bill, black money can now be invested in the stock market without any question for one year, instead of three years, after paying 10 percent tax.
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DSEX, the prime index at the Dhaka Stock Exchange (DSE), decreased by 0.36 points – or 0.009 percent - to reach at 3,981 till 11:30 am.
The Shariah-based DSES index slightly rose by 0.001 points to settle at 923, and the blue-chip index DS30 has gone up 2.48 points to stand at 1,337.
Turnover on the DSE trading floor dropped by 13 percent to Tk47.62 crore in the first session.
Out of the 239 issues traded during the same time frame, only 27 company's share prices advanced, 30 declined, and 182 remained unchanged.
Meanwhile, the benchmark index CASPI at the Chittagong Stock Exchange (CSE) has dropped 7.42 points to close at 11,301.
