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Stocks ended higher on Monday, as the government decided to reduce the tax imposed on investors.
The prime index of the Dhaka Stock Exchange (DSE) increased by 61.64 points to settle at 5,252.50.
The interim government has decided to reduce the tax on investors making over Tk 5 million in profits from stock market trading to 15 per cent for the current and upcoming fiscal years.
The blue-chip index, DS30, a group of 30 prominent companies, saw a 22.16-point increase to 1,937.59, while the DSES Index, which represents Shariah-based companies, increased by 15.25 points to 1,162.40.
Turnover, a crucial indicator of the market, stood at Tk 5.65 billion, up 31 per cent from the previous trading day.
The majority of stocks saw a price increase, with 257 out of the 396 issues traded closing higher, 107 ending lower, and 32 remaining unchanged on the DSE trading floor.
Bangladesh Shipping Corporation was the most-traded stock, with shares worth Tk 197.30 million changing hands, followed by Far East Knitting & Dyeing Industries, Orion Infusion, Islami Bank Bangladesh, and Unique Hotel & Resorts.
The Chittagong Stock Exchange (CSE) also ended higher, with its All Share Price Index (CASPI) increasing by 122 points to settle at 14,585, and the Selective Categories Index (CSCX) gaining 77.07 points to settle at 8,874.
The port city bourse traded 2.89 million shares and mutual fund units, with a turnover volume of Tk 5.59 million.