Dhaka bourse’s major index hits 38-month low

The major index of the Dhaka Stock Exchange (DSE) fell significantly today, the first trading day after the national budget proposal, reflecting investors’ disappointment. The DSEX plunged 65 points or 1.25% to 5,171, the lowest in 38 months. The DSES and DS30 indices also dropped. Analysts cited the absence of positive measures in the budget and the proposed 15% capital gains tax above Tk 50 lakh as reasons behind the bearish trend. Turnover plunged 34% as buyers remained scarce amid the sell-off. File photo