Stock indices at nearly 4-year low

Major indices of the Dhaka Stock Exchange (DSE) continued declining for the third consecutive day after the proposed national budget unveiled capital gains tax reintroduction. The benchmark DSEX dropped 0.70% to a three-year low of 5,070 points. The DSE Brokers Association urged the government to postpone the tax move, citing eroding investor confidence and the market’s prolonged bearish trend. Investors are leaving the market due to a lack of good companies and transparency.