Stocks fall for ‘unfriendly budget’
Stocks fell 2.03 percent in the first two and a half hours of trading at Dhaka Stock Exchange today as investors went for a selling spree following what they said “unfriendly budget” for the capital market.
DSEX, the key index of the DSE, went down 89 points to stand at 4,307 points till 1:00pm.
“Budget cannot be said capital market friendly” LankaBangla Securities, a stockbrokerage, commented on its budget analysis for 2014-15.
“Few measures were discouraging. Especially capital gain tax introduction on individual level is...