Dhaka, Bangladesh, June 22 -- Bangladesh's stocks turned into red in the outgoing week as some proposed budgetary measures for the capital market have rattled the investors.

The correction was triggered by post-budget reaction as the budget stimulus might prove counterproductive, according to market operators.

In the budget, Finance Minister AHM Mustafa Kamal proposed, among others, 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 any listed company.

As part of efforts to increase money flow into the stock market, the budget also proposed imposing 15 per cent tax on stock dividend in order to promote cash dividend.

The proposal of 15 per cent extra t...