Bangladesh's stocks rebound after single-week break
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Dhaka, Bangladesh, June 29 -- Bangladesh's stocks rebounded last week that ended on Thursday as the investors were optimistic about the tax review measures for the capital market in the approved budget.
Expectations for a tax review and year-end earnings and dividend declarations prompted the investors to inject fresh funds into stocks, according to market operators.
Finance Minister AHM Mustafa Kamal proposed, among other, imposition of 15 per cent additional tax on retained earnings and reserves, if the amount exceeds 50 per cent of the paid-up capital of the company in the national budget for the Fiscal Year (FY) 2019-20.
The finance minister also proposed imposition of 15 per cent tax on stock dividend to promote cash dividend as p...
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