BREAKING NEWS
The National Board of Revenue has agreed to provide income tax rebate on stock market investment. Source tax on stock market brokerage commission will also be halved from the current 0.10 percent.
Capital market regulator, Securities and Exchange Commission chairman told reporters that the revenue board had agreed to provide the exemption.
SEC chief M Khairul Hossain's announcement comes in the face of fourth consecutive days of demonstrators by investors on Wednesday.
He also announced that the stockbrokers' commission would be halved to 0.05 percent from 0.10 percent.
Within half an hour into Wednesday's trade, the Dhaka index shed 141.75 points to stand at 5,151.56 around 11.24am. This is the lowest point since Jan 21, 2010 when the index plummeted to 5,095.21.
However, the agitation seemed to have lit up the charts with the index moving up, gaining 6.27 points to 5299.58 at around 12.30pm.
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