The sluggish trading activities and market closure in April-May affected the government's revenue earnings from the Dhaka bourse
The government's revenue earnings from the Dhaka Stock Exchange (DSE) have dropped more than 50 percent in the recently-concluded 2019-20 fiscal year from the previous fiscal year.
The extremely bearish market has suffered a 47 percent fall in trading turnover in the last fiscal year compared to the previous one. Meanwhile, the government's revenue earnings from the turnover fell more drastically.
The stock exchange collects 0.05 percent of the value of transacted securities from its brokers as tax. In the 2019-20 fiscal year, the tax dropped below Tk69 crore from the previous year's collection of Tk146 crore.
Tax from securities traded by listed companies' sponsors and directors came down below Tk35 crore in the last year. This earning was Tk104 crore in the previous 2018-19 fiscal year.
There was no trade and tax collection in April and May as the stock market was closed due to a nationwide shutdown to tackle the novel coronavirus pandemic.